Mr. Steven Scott reports

STORAGEVAULT ANNOUNCES BOARD CHANGES

Storagevault Canada Inc. has proposed changes to its board of directors which will be submitted for approval at its upcoming annual general meeting of shareholders to be held on Thursday, May 21, 2026, at 1 p.m. Toronto time.

At the meeting, the shareholders of the corporation will be asked to re-elect Iqbal Khan, Deborah Robinson, Steve Scott, Alan A. Simpson and Mary Vitug to the board of directors and to elect Milton Lamb as a new director of Storagevault.

Mr. Lamb is the president, chief executive officer and a trustee of Automotive Properties REIT (TSX: APR.UN). Mr. Lamb has over 30 years of experience in the Canadian commercial real estate industry. Mr. Lamb has worked with the largest global real estate service companies including CBRE, Jones Lang Wootton (now known as JLL) and, most recently, Colliers International. During his tenure at Colliers International, Mr. Lamb was chair of the National Investment Services, and represented Canada on Colliers Global Investment Services and Colliers Investment Services Group (USA). Mr. Lamb is an institute certified director with the Institute of Corporate Directors (ICD).

Additional information about Mr. Lamb can be found in the management information circular furnished to the corporation's shareholders in connection with the meeting and available on SEDAR+.

In addition, Benjamin Harris has indicated that he will not be standing for re-election at the meeting. The corporation wishes to thank Mr. Harris for his dedication and service to Storagevault as a member of the board of directors, and wishes him well in his future endeavours.

Steven Scott, the chief executive officer and a director of Storagevault, commented: "We are pleased to welcome Milton to the board. His extensive leadership experience in Canadian commercial real estate, combined with his expertise in investment services and public markets, will be valuable as we continue to execute on our growth strategy."

Mr. Scott also commented: "On behalf of the board, shareholders and all stakeholders of Storagevault, we would like to thank Ben for his dedication, commitment, time and effort as a director of Storagevault. We are grateful to him for his contributions as a director since 2020. We wish Ben and his family all the best in the future."

About Storagevault Canada Inc.

Storagevault currently 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.