LSI Life Storage Inc

Life Storage, Inc. (NYSE:LSI), a self storage real estate investment trust (REIT), announced today the tax allocations of the Company’s 2016 dividend distributions on its common stock (CUSIP #53223X107). The allocations will be reported on Form 1099-DIV as follows:

                RecordDate     PayableDate     OrdinaryDividends     Return ofCapital(1)     TotalDividends 1/20/2016     1/26/2016     $0.807500     $0.042500     $0.850000 4/14/2016     4/26/2016     $0.902500     $0.047500     $0.950000 7/15/2016     7/26/2016     $0.902500     $0.047500     $0.950000 10/14/2016     10/26/2016     $0.902500     $0.047500     $0.950000 Total           $3.515000     $0.185000     $3.700000  

(1) Represents a return of stockholders’ original investment. Stockholders are encouraged to consult their personal tax advisor with regard to their specific tax treatment of dividends.

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 more than 650 self storage facilities in 29 states under the names Life Storage and Uncle Bob’s Self Storage. For more information, visit http://invest.lifestorage.com/.

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