Sovran Self Storage, Inc. Announces Dividend On Common Stock

The Board of Directors of Sovran Self Storage, Inc. (NYSE:SSS), a self storage real estate investment trust (REIT), announced today the Company’s quarterly dividend of $.45 per share of common stock. The annualized dividend of Sovran Self Storage, Inc. is $1.80 per share, which, based on today’s price, equates to an annual rate of approximately 4.5%. The dividend will be paid on April 26, 2011 to Shareholders of record on April 11, 2011.

Sovran Self 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 377 self storage facilities in twenty-four states under the name "Uncle Bob's Self Storage"®.

For more information, please contact David L. Rogers, CFO or Diane Piegza, VP Corporate Communications at 716-633-1850 or browse the Company’s Web Site at http://www.unclebobs.com/company.

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