Director/PDMR Shareholding

22 Jan 2009 16:51

Safestore Holdings plc

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Following clarification from the FSA on 9 January 2009 regarding disclosure of grants of security over shares, Safestore Holdings plc ("Safestore") made enquiries of its directors and persons discharging managerial responsibilities ("PDMR") and has issued this announcement in accordance with Disclosure and Transparency Rule 3.1.4R(1).

No director of the company has granted security over any of their holdings of ordinary shares in the company. Safestore received notification yesterday from Mr F Vecchioli, PDMR and the Head of Safestore's French operations, that 1,099,687 ordinary shares are included within a pledge that supports personal borrowings with Crédit Industriel et Commercial Bank in France. These ordinary shares represent less than 0.6% of Safestore's total issued ordinary share capital with voting rights.

Safestore (having made enquiry) is not aware of any other of its PDMRs or their connected persons who have granted any existing security interest such as a pledge, mortgage or charge over their Safestore shares.

Name of duly authorised officer of issuer responsible for making notification:

Sam Ahmed, Company Secretary

Tel: +44 (0)20 8732 1500

22 January 2009