Stabilisation Notice

Safestore Holdings PLC
09 March 2007



             THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR 
         DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, JAPAN OR 
                                    AUSTRALIA

                              Stabilisation Notice

Pursuant to Core Dealing Rule 3060-3061, Citigroup Global Markets U.K. Equity 
Limited ("Citigroup") hereby notifies the London Stock Exchange that it and its
affiliates may stabilise the offering of the Ordinary Shares of 1p each fully
paid of Safestore Holdings plc with a view to supporting the market price of the
Ordinary Shares at a level higher than that which might otherwise prevail:

1.  Security to be stabilised: Ordinary Shares of Safestore Holdings plc;
2.  Security Identifier: ISIN Code GB00B1N7Z094;
3.  Stabilising Manager: Citigroup Global Markets U.K. Equity Limited 
    (a member firm) (Contact - Darrell Uden - tel 020 7986 0410);
4.  Stabilisation period commences: 9 March 2007 at approximately 08:00am
    London time;
5.  Stabilisation period ends: Close of business on 6 April 2007;
6.  86,956,525 shares being Offered;
7.  Offer price: 240 pence per share;
8.  Over-allotment option is equivalent to 15% of the offering (13,043,480
    shares); and,
9.  Stabilisation will be made in accordance with the FSA rules.

Darrell Uden
Citigroup Global Markets U.K. Equity Limited

This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or dispose
of any securities of the Company in any jurisdiction.

This announcement is not an offer of securities for sale into the United States.
The securities referred to above have not been, and will not be, registered
under the United States Securities Act of 1933 and may not be offered or sold in
the United States absent registration or an exemption from registration. There
has not been and will not be a public offer of the securities in the United
States.

Citigroup is acting exclusively for the Company and no-one else in connection
with the Global Offer. It will not regard any other person as its client in
relation to the Global Offer and will not be responsible to anyone other than
the Company for providing the protections afforded to its client, nor for
providing advice in relation to the Global Offer, the contents of this
announcement or any transaction, arrangement or other matter referred to herein.

                      This information is provided by RNS
            The company news service from the London Stock Exchange