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We asked Brent Jones, our Construction Project Manager, to give us a quick rundown of how things are progressing with building our new self storage stores.

<div style="text-align: justify;">There are currently 28 operational Stor-Age stores around South Africa but that number is set to rise as there are many other stores currently under development. In just a short eight years Stor-Age has risen from one self storage facility to 28 operating stores, with plans to grow that portfolio to 33 in the short term. The 28 trading properties represents 196,000 m&sup2; of Gross Lettable Area (GLA) and our development pipeline consists of a further 79,000 m&sup2; of approved development bulk (GLA). <br /><br />
<div style="text-align: center;"><img alt="Stor-Age Self Storage Brooklyn in Pretoria under construction" height="412" longdesc="Stor-Age Self Storage Brooklyn in Pretoria under construction" src="https://intranet.stor-age.co.za/Images/Dynamic/Staff%20Update/Brooklyn%2021%20Aug.jpg" width="550" /></div>
<div style="text-align: center;">Stor-Age Self Storage Brooklyn in Pretoria under construction</div>
<br />We asked Brent Jones, our Construction Project Manager, to give us a quick rundown of how things are progressing with building our new self storage stores. "The construction division has been hard at work with the construction of five projects in four different provinces across South Africa. We are nearing completion on the following projects:<br />
<ul>
<li>Stor-Age Brooklyn in Pretoria</li>
<li>Stor-Age Six Fountains in Pretoria</li>
<li>Stor-Age Mount Edgecombe in Durban</li>
<li>Stor-Age Kempton Park Phase 2 in Gauteng</li>
<li>Stor-Age Pinehurst Phase 2 in Cape Town</li>
</ul>
<br />
<div style="text-align: center;"><img alt="Stor-Age Self Storage Kempton Park in Johannesburg under construction" height="414" longdesc="Stor-Age Self Storage Kempton Park in Johannesburg under construction" src="https://intranet.stor-age.co.za/Images/Dynamic/Staff%20Update/Kempton%20Park%2021%20Aug.jpg" width="550" /></div>
<div style="text-align: center;">Stor-Age Self Storage Kempton Park in Johannesburg under construction</div>
<br />All eight of our acquisition properties in Pretoria are also in the completion stages of being renovated to fit our brand standards. With our construction head office in Cape Town we have had to overcome the following challenges:<br />
<ul>
<li>Finding suppliers and sub-contractors around South Africa who we could rely on and who would abide by our standards of quality and time constraints</li>
<li>Issuing all drawings, specifications and instructions to all project parties remotely</li>
<li>Managing design changes remotely</li>
</ul>
With our competent and dedicated contracts managers hard at work, we are extremely pleased at the progress and quality of our projects and wish to thank them for the role they play in completing these projects on time and to an exceptional quality."<br /><br />
<div style="text-align: center;"><img alt="Stor-Age Self Storage Mount Edgecombe in Durban under construction" height="413" longdesc="Stor-Age Self Storage Mount Edgecombe in Durban under construction" src="https://intranet.stor-age.co.za/Images/Dynamic/Staff%20Update/Mount%20Edgecombe%2021%20Aug.jpg" width="550" /></div>
<div style="text-align: center;">Stor-Age Self Storage Mount Edgecombe in Durban under construction</div>
<br />The establishment of these new stores serves to further cement Stor-Age&rsquo;s position as the leader in the self storage market. We are also delighted to be opening our first Durban based self storage facility in Mount Edgecombe. This significance of adding this facility in the Durban market is that it establishes a truly national footprint for Stor-Age in the South African self storage market. Another first by Stor-Age.<br /><br />
<div style="text-align: center;"><img alt="Stor-Age Self Storage Six Fountains in Pretoria under construction" height="413" longdesc="Stor-Age Self Storage Six Fountains in Pretoria under construction" src="https://intranet.stor-age.co.za/Images/Dynamic/Staff%20Update/Six%20Fountains%2021%20Aug.jpg" width="550" /></div>
<div style="text-align: center;">Stor-Age Self Storage Six Fountains in Pretoria under construction</div>
<br />Visit The <a href="https://investor-relations.stor-age.co.za/" target="_blank" rel="noopener noreferrer">Stor-Age Self Storage Investor Relations</a> page for more information.</div>

Construction Update: Self Storage Coming Soon