Mr. Steven Scott reports

STORAGEVAULT EXPANDS FOOTPRINT WITH COMPLETION OF $62.5 MILLION OF ACQUISITIONS OF FIVE STORAGE ASSETS

Further to its Dec. 18, 2025, news release, Storagevault Canada Inc. has completed the acquisition of five stores from four vendor groups for an aggregate purchase price of $62.5-million. Three of the acquisitions are arm's length and two, totalling $42.4-million, are related party acquisitions with Access Self Storage Inc. and its affiliate as the vendors.

The aggregate purchase price for the acquisitions was $62.5-million, subject to customary adjustments. The consideration consisted of $2-million of Storagevault common shares at $5.87 per share, funds on hand, promissory notes and mortgage financing. The payment shares are subject to a hold period that expires on July 26, 2026.

The balance of the transactions announced on Dec. 18, 2025, are expected to close in Q2 2026.

Exemption from Multilateral Instrument 61-101 and early warning

As the Access group is a non-arm's-length party to Storagevault, the related party acquisitions are considered a related party transaction under MI 61-101, Protection of Minority Security Holders in Special Transactions. Storagevault relied on exemptions from the formal valuation and minority approval requirements of MI 61-101, in respect of the related party acquisitions, pursuant to Section 5.5(a) and Section 5.7(1)(a) (fair market value not more than 25 per cent of market capitalization) of MI 61-101.

The 340,716 payment shares at an aggregate value of $2-million were issued to Access in connection with the related party acquisitions, representing 0.09 per cent of the issued and outstanding common shares of Storagevault. Prior to the closing of the acquisitions, Access owned or controlled 138,013,107 common shares of Storagevault, representing 37.8 per cent of the issued and outstanding common shares of Storagevault. Access now owns or controls 138,353,823 common shares, or approximately 37.8 per cent of the total issued and outstanding common shares of Storagevault. Access may increase or decrease its investment in Storagevault depending on market conditions or any other relevant factors. The head office address for both Storagevault and Access is 100 Canadian Rd., Toronto, Ont., M1R 4Z5.

About Storagevault Canada Inc.

Storagevault owns and operates 270 storage locations across Canada. Storagevault owns 237 of these locations plus over 5,000 portable storage units, representing over 13.5 million rentable square feet on 785 acres of land. Storagevault also provides last-mile storage and logistics solutions and professional records management services, such as document and media storage, imaging and shredding services.

We seek Safe Harbor.