Appointment of CFO

Safestore, the UK's largest self-storage group, is pleased to announce the appointment of Simon Clinton as Chief Financial Officer. Simon will join Safestore on Monday, 11 March 2024 and following a brief induction and onboarding programme will be appointed as a Director to the Board at the earliest opportunity, and by no later than 31 May 2024. Simon succeeds Andy Jones as CFO following the announcement on 28 September 2023 of his intention to retire.

Simon brings a wealth of experience across the real estate, retail and consumer sectors and joins Safestore from Logicor, one of Europe's largest warehouse and logistics groups. He joined Logicor in 2017 as Director of Group Finance before becoming CFO in 2018. Prior to Logicor, he spent more than nine years in senior finance positions at Tesco plc. He previously worked at Diageo plc from 2000 to 2007. Simon is a chartered accountant.

David Hearn, Chairman commented:

"Following an extensive search process across a diverse range of candidates, I am delighted that Simon is joining the Company. As an accomplished finance leader, I am confident the business will greatly benefit from the depth of his experience across a number of relevant industry sectors.

Frederic Vecchioli, CEO Safestore commented:

"Simon will be an excellent addition to the Safestore executive team. He brings highly complementary sector knowledge and skills, particularly in European real estate which will be invaluable to Safestore as we further our growth and expansion. I look forward to working closely with him as we continue to drive significant shareholder value.

Simon Clinton commented:

"I am delighted to be joining Safestore, a dynamic business with a great track record of sustainable growth. I look forward to working with Frederic and the entire team to build on this exceptional platform and deliver further long-term value creation."

Andy Jones has agreed to remain with Safestore for an appropriate transitionary period.