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*InStorage Real Estate Investment Trust 
Listed Company 

INSTORAGE REAL ESTATE INVESTMENT TRUST ("IS.UN")
[formerly Instorage Real Estate Investment Trust ("IS.UN")]
BULLETIN TYPE: Graduation, Consolidation
BULLETIN DATE: February 19, 2008
TSX Venture Tier 1 Company

Graduation:
TSX Venture Exchange has been advised that the Company's units (the "Units") will be listed and commence trading on Toronto Stock Exchange at the opening on Wednesday, February 20, 2008, under the symbol "IS.UN".

As a result of this Graduation, there will be no further trading under the symbol "IS.UN" on TSX Venture Exchange after Tuesday, February 19, 2008, and its Units will be delisted from TSX Venture Exchange at the commencement of trading on Toronto Stock Exchange.

Consolidation:
Pursuant to a special resolution passed by shareholders May 7, 2007, the Company has consolidated its capital on an 8 old for 1 new basis. The name of the Company has not been changed.

Effective at the opening Wednesday, February 20, 2008, the consolidated Units of InStorage Real Estate Investment Trust will commence trading on the Toronto Stock Exchange, and the Units of InStorage Real Estate Investment Trust will be delisted from TSX Venture Exchange. The Company is classified as a 'Real Estate Investment Trust' company.

Post - Consolidation Capitalization: unlimited Units with no par value of which
23,181,735 Units will be issued and outstanding (subject to rounding on consolidation)
Escrow 0 Units

Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: IS.UN (unchanged)
CUSIP Number: 45777U 50 5 (new)

TSX-X
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