Mr. Steven Scott reports

STORAGEVAULT TO ACQUIRE $81.6 MILLION OF STORAGE ASSETS, INCLUDING $71.3 MILLION THROUGH NEW JOINT VENTURE

Storagevault Canada Inc. has agreed to acquire three self storage properties located in the Greater Toronto Area and one in Southwestern Ontario from arm's-length vendors for an aggregate purchase price of $81.55-million, subject to customary adjustments.

Three of the properties, representing $71.25-million of the aggregate purchase price, will be acquired through a newly formed joint venture with Woodbourne. Storagevault will hold a 25-per-cent interest in the joint venture and Woodbourne will hold the remaining 75-per-cent interest. Storagevault currently manages these three properties and will continue to manage them on behalf of the joint venture.

The fourth property, representing the balance of $10.3-million of the aggregate purchase price, will be acquired and wholly owned by Storagevault.

Storagevault's share of the purchase prices is $28,112,000 ($10.3-million plus 25 per cent of $71.25-million) and is expected to be paid with funds on hand and first mortgage financing. The acquisitions are expected to close before the end of Q3 2026.

The acquisitions are subject to customary due diligence conditions for Storagevault and closing conditions for both Storagevault and the Vendors.

joint venture with Woodbourne

The joint venture allows Storagevault to acquire an ownership interest in three locations it already manages while deploying limited capital, and to continue to earn management fees in addition to its 25-per-cent share of the returns of the joint venture.

Woodbourne has the objective of growing its self storage holdings. Storagevault's management team has known Woodbourne for over 15 years and has completed a number of transactions with Woodbourne during that period.

Including the acquisitions, Storagevault has closed or announced $153-million of acquisitions to date in fiscal 2026. The three joint venture properties are currently managed by Storagevault and are already included in its location count. When the acquisitions are completed, Storagevault will own and operate 273 locations across Canada.

About Storagevault Canada Inc.

Storagevault currently owns and operates 272 storage locations across Canada. Storagevault owns 239 of these locations plus over 5,000 portable storage units representing over 13.7 million rentable square feet on 792 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.