Sovran Self Storage, Inc. Rebrands and Begins Trading as Life Storage, Inc. (LSI)

Company to mark historic moment with ringing of the New York Stock
Exchange’s Closing Bell on August 16

BUFFALO, N.Y.–(BUSINESS WIRE)–#LSI–Sovran Self Storage, Inc. (NYSE:SSS), a self
storage real estate investment trust (REIT), announced today the
official change of its corporate name to Life Storage, Inc. (NYSE:LSI).
Shares of Life Storage will begin trading under the ticker symbol LSI on
the New York Stock Exchange effective immediately.

Concurrently, the Company announced the change of its brand name from
Uncle Bob’s Self Storage to Life Storage® and the launch of its
redesigned website, www.lifestorage.com.

Robert Attea, Chairman of the Board, other members of the board and
management will ring the closing bell on the New York Stock Exchange on
August 16, 2016. Interested parties may watch the live video of the
event beginning at approximately 3:55 p.m. EDT at https://livestream.com/NYSE.

ABOUT LIFE STORAGE, INC:

Life Storage, Inc. is a self-administered and self-managed equity REIT
that is in the business of acquiring and managing self storage
facilities. The Company operates approximately 650 self storage
facilities in 29 states under the names Uncle Bob’s Self Storage and
Life Storage. For more information, visit http://invest.lifestorage.com/.

Contacts

Sovran Self Storage, Inc.
Diane Piegza, 716-650-6115
Vice
President
Investor Relations & Community Affairs