Notification of major interest in shares

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Safestore Holdings plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

No

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

No

An event changing the breakdown of voting rights

No

Other (please specify):

No

3. Full name of person(s) subject to the notification obligation:

TR Property Investment Trust plc

4. Full name of shareholder(s) (if different from 3.):

See box 9 below

5. Date of the transaction and date on which the threshold is crossed or reached:

29 May 2012

6. Date on which issuer notified:

31 May 2012

7. Threshold(s) that is/are crossed or reached:

4%

8. Notified details:

A: Voting rights attached to shares

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights

Direct

Direct

Indirect

Direct

Indirect

ISIN GB00B1N7Z094

Ord GBP0.01

6,106,479

6,106,479

6,646,479

-

6,646,479

-

3.53%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date

Exercise/
Conversion
Period

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

-

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise
price

Expiration
date

Exercise/
Conversion
period

Number of voting
rights instrument
refers to

% of voting rights

CFD

960,000

Nominal

Delta

0.51%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

7,606,479

4.04%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

Proxy Voting:

10. Name of proxy holder:

TR Property Investment Trust plc

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

Based on TVR of 188,135,088

14 Contact name:

Mike Bassi

F&C Asset Management plc

15. Contact telephone name:

0131 718 1093

Annex: Notification of major interests in shares

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

Safestore Holdings plc

Contact address

(registered office for legal entities)

Head Office:

Brittanic House

Stirling Way

Borehamwood

WD6 2BT

Phone number & email

E-mail: [email protected]

Telephone: +44 (0)20 8732 1500.

Other useful information

(at least legal representative for legal persons)

Copies to: Daniel Winterbottom; Tiffany Roberts, Toby Hampden Acton at TR

B: Identity of the notifier, if applicable

Full name

Mike Bassi, F&C Asset Management plc

Contact address

80 George Street, Edinburgh EH2 3BU

Phone number & email

0131 718 1093

[email protected]

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information