T-C Storage HoldCo AB made an offer to acquire Self Storage Group ASA (OB:SSG) from group of sellers for NOK 3.8 billion on September 20, 2023. As per the terms, the offer price per share is NOK 40 for 94,678,584 shares outstanding. The Company?s board of directors unanimously recommends the Offer. Shareholders representing a total of 70.51% of the outstanding Shares have on certain terms and conditions undertaken to accept the Offer. If, as a result of the Offer or otherwise, the Offeror acquires and holds more than 90% of the total issued share capital of the Company representing more than 90% of the voting rights in the Company, the Offeror intends to carry out a compulsory acquisition of the remaining Shares in the Company. The complete details of the Offer, including all terms and conditions, will be contained in an offer document (the ?Offer Document?) to be sent to the Company?s shareholders following review and approval by the Oslo Stock Exchange. It is expected that the Offer will be completed in Q4 2023. The offer period under the Offer will expire on November 9, 2023, Completion of the Offer is subject to certain conditions, of the Offer Document, including (but not limited to) the Offer being validly accepted by shareholders of the Company representing, when taken together with any Shares acquired by the Offeror other than through the Offer, more than 90% of the issued, to be issued and outstanding share capital and voting rights of the Company on a Fully Diluted Basis and such acceptances not being subject to any third party consents in respect to pledges or other rights. For purposes of this condition for completion of the Offer, "Fully Diluted Basis" means all issued Shares together with all shares which the Company would be required to issue if all rights to subscribe for or otherwise require the Company to issue additional shares, under any agreement or instrument, existing at or prior to completion of the Offer, were exercised.

Arctic Securities is acting as financial advisor and Advokatfirmaet BAHR is acting as legal advisor to T-C Storage. ABG Sundal Collier is acting as financial advisor and Advokatfirmaet Schjødt is acting as legal advisor to Self Storage Group.

T-C Storage HoldCo AB completed the acquisition of Self Storage Group ASA (OB:SSG) from group of sellers on November 9, 2023.