Fourth quarter 2021

Net sales increased by 27.5 percent to SEK 29.2 M (22.9).Gross profit/loss increased by 109 percent to SEK 11.7 M (5.6). Gross margin increased to 40.1 percent (24.3).Operating profit/loss before value changes amounted to SEK -18.5 M (-5.9). Operating profit included a non-recurring cost of SEK -23.5 M (-) attributable to costs incurred in connection with the sale of the company to T-C Storage BidCo AB.Value changes in investment properties totalled SEK 412.2 M (53.7). The value growth was mainly driven by reduced required rates of return and improved future operating net.Profit/loss for the period amounted to SEK 298.0 M (26.5).The facility in Mölndal opened.On December 3, Teachers Insurance and Annuity Association of America, through T-C Storage BidCo AB, acquired 92.4 percent of the shares in 24Storage for SEK 76 per share. At the end of the year, T-C Storage BidCo owned 97.2 percent of the shares. The delisting of the shares from Nasdaq Stockholm took place at the beginning of 2022.The facility in Eskilstuna was divested in December.

For more information, please contact:

Fredrik Sandelin, CEOPhone: +46 73 068 36 58Email: fredrik.sandelin@24storage.com

About 24Storage

24Storage is a self storage company that offers customers convenient and easy to access storage space outside the home or office. The Company was founded in 2015 with the vision to digitalise the storage industry and has succeeded in establishing itself since then as one of the biggest players in Sweden. 24Storage operates and developes 26 storage facilities with more than 13,000 storage units, corresponding to a total of over 70,000 lettable square meters and more than 7,000 customers. 24Storage has outstanding bonds listed at Nasdaq Stockholm. For more information, please visit 24storage.se.

Attachments

24Storage Year End Report 2021