Lok N Store Regulatory News (LOK)

17 Aug 2006 09:48

Lok'n Store Group PLC17 August 2006 17th August 2006 Lok'nStore Group plc ("Lok'nStore") Property Valuation Following the opening of the large new freehold stores at Farnborough andCrayford and the increase in space at Poole which came on line in the Autumn oflast year, the Board of Lok'nStore has appointed Cushman, Wakefield, Healey &Baker to value the Group's property portfolio as at 31st July 2006. The last property valuation was conducted as at 31st January 2005, valuing theproperty at a total value of £33.6 million, against net book value of £18.4million. The result of the valuation will be announced with the preliminary results forthe financial year to 31st July 2006 on Monday 30th October 2006. - Ends - For further information, please contact: Andrew Jacobs, CEO, Lok'nStore Group plc, 01252 521 010 Rupert Krefting, Investec Securities, 020 7597 4000 Billy Clegg, Financial Dynamics 020 7831 3113 This information is provided by RNS The company news service from the London Stock Exchange