RNS Number : 6480W

Safestore Holdings plc

30 January 2013

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30 January 2013

Safestore Holdings plc

("Safestore" or the "Company")

Resignation of existing CFO and appointment of new CFO

Safestore Holdings plc, the largest self storage operator in the UK and Paris, announces that after a decade with the group, its Chief Financial Officer, Richard Hodsden, has indicated his intention to step down from the Board and leave the Company.

Richard will be succeeded by Andy Jones, currently Director of Group Finance at Worldpay Limited. Andy, 46, will bring to the Company valuable experience of similar customer-focused and yield-managed businesses. His previous roles prior to joining Worldpay include Director of Finance and Investor Relations at TUI Travel plc and CFO for North America at Virgin Entertainment Group.

It is expected that Andy's appointment as CFO will commence on or before 30 July 2013. In order to ensure a smooth transition, Richard will remain with the Company until Andy is able to join. A further announcement will be made in due course confirming the timing of Andy's appointment.

Safestore's Chairman, Richard Grainger, said:

"The Board would like to express its sincere gratitude to Richard for his valuable contribution to the success and development of the Company, including its successful listing and subsequent growth. We wish Richard the very best in his future endeavours.

The board welcomes Andy Jones, whose experience will add a further fresh perspective to Safestore, build on Richard's significant contribution and develop the business further."

The Company confirms that there are no disclosures to be made pursuant to paragraph 9.6.13R (1)-(6) of the Listing Rules of the UK Listing Authority regarding the appointment of Andy Jones.

For further information, please contact:

Safestore Holdings plc

Richard Grainger, Chairman Tel: 020 8732 1544

College Group Tel: 020 7457 2020

Matthew Smallwood



Notes to editors:

· Safestore is the UK's largest self storage group with 135 stores. They include 98 wholly-owned stores in the UK and 25 wholly-owned stores in the Paris region together with 12 stores under management in the UK.

· The Company provides storage to around 43,700 personal and business customers.

· Safestore (excluding Space Maker) has a maximum lettable area ("MLA") of 5.24 million sq ft (including the expansion pipeline stores) of which 3.29 million sq ft is currently occupied.

· Safestore employs around 550 people.


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