Appointment and Resignation of Officers

On May 23, 2019, National Storage Affiliates Trust (the \”Company\”) announced that its board of trustees promoted Tamara D. Fischer, 63, the Company\’s current president, chief financial officer, treasurer and secretary, to the position of chief executive officer, and Brandon S. Togashi, 36, the Company\’s current senior vice president and chief accounting officer, to the additional positions of executive vice president, chief financial officer and treasurer (the \”Appointments\”), in each case effective January 1, 2020. >In connection with the Appointments, also effective January 1, 2020, Arlen D. Nordhagen, the Company\’s current chairman of the board of directors and chief executive officer, will resign from his position as chief executive officer and be elevated to the position of executive chairman and Ms. Fischer will resign from her positions as chief financial officer, treasurer and secretary.

The biographical and other information for Ms. Fischer and Mr. Togashi has been previously reported and is incorporated by reference herein from the heading \”Information Regarding our Named Executive Officers\” in the Company\’s definitive proxy statement on Schedule 14A filed by the Company with the Securities and Exchange Commission on April 5, 2019.

There are no arrangements or understandings with any person to which Ms. Fischer was named chief executive officer or Mr. Togashi was named chief financial officer. Neither Ms. Fischer nor Mr. Togashi have any family relationships with any trustee, executive officer or person nominated or chosen by the Company to become a trustee or executive officer of the Company. Neither Ms. Fischer nor Mr. Togashi are a party to any transaction required to be disclosed to Item 404(a) of Regulation S-K.

About National Storage Affiliates Trust (NYSE:NSA)

National Storage Affiliates Trust is an integrated, self-administered and self-managed real estate investment trust. The Company is focused on the ownership, operation and acquisition of self-storage properties located within various metropolitan statistical areas (MSAs) across the United States. The Company’s segment consists of investments in self-storage properties located in the United States. The Company’s operating partnership subsidiary is NSA OP, LP. The Company holds interests in a geographically diversified portfolio of approximately 280 self-storage properties, located in over 20 states, comprising approximately 15.8 million rentable square feet, configured in over 123,000 storage units. It has approximately six participating regional operators (PROs), including SecurCare Self Storage, Inc.; Kevin Howard Real Estate Inc.; Optivest Properties LLC; Guardian Storage Centers LLC; Move It Self Storage, and Arizona Mini Storage Management Company.