On February 25, 2009, Sovran Self Storage, Inc. (the "Company") and Sovran Acquisition Limited Partnership, through action of the Compensation Committee of the Company's Board of Directors (the "Committee"), authorized annual incentive awards in respect of the year ended December 31, 2008 to the Company's Chief Executive Officer, Chief Operating Officer and Chief Financial Officer. The awards are payable in cash, and in restricted stock under the terms of the Company's 2005 Award and Option Plan. The Committee also awarded an approximate 3.2% increase in the base salary for these executive officers for the year ended December 31, 2009.

Details of the Committee's actions are set forth below:

                            2009      Cash   Restricted Stock
        Officer         Base Salary   Bonus         Award

Robert J. Attea,          $419,000  $121,789     2,0301shares
Chief Executive Officer

Kenneth F. Myszka,        $408,000  $118,584     1,9762shares
Chief Operating Officer

David L. Rogers,          $408,000  $118,584     1,9763shares
Chief Financial Officer

(1) Vests 50% per year over 2 years.

(2) Vests 25% per year over 4 years.

(3) Vests 20% per year over 5 years.