Feb 18 (Reuters) - National Storage Reit NSR.AX :
* RECEIPT OF UNSOLICITED CONFIDENTIAL NON-BINDING INDICATIVE PROPOSAL FROM WARBURG PINCUS
* NSR BOARD RESOLVED TO PROVIDE WARBURG PINCUS WITH ACCESS TO NON-EXCLUSIVE DUE DILIGENCE
* WARBURG PINCUS DEAL FOR CASH PRICE OF $2.20 PER STAPLED NSR SECURITY
* GAW AND NSR ENTERED INTO A CONFIDENTIALITY AGREEMENT FOR GAW BEING GIVEN ACCESS TO MATERIAL NON-PUBLIC INFO CONCERNING NSR
* WARBURG PINCUS IS IN DISCUSSIONS WITH NSR MANAGEMENT AND ITS ADVISORS IN RELATION TO PROPOSAL.