Extra Space Storage(R) Helps Customers Save for College

Percentage of Rental Fees Deposited into Upromise Accounts
SALT LAKE CITY--(Business Wire)--
Extra Space Storage(R) (NYSE: EXR), www.extraspace.com, the second
largest operator of self-storage in the U.S., announced today a new
marketing partnership with Upromise, Inc., the largest private source
of college funding contributions in America. Now, Upromise members can
earn college savings rewards with every qualifying purchase made at
Extra Space Storage.

Starting today, Extra Space Storage, the only self-storage company
currently participating in Upromise, will contribute 2% of rental fees
and supplies to Upromise members' accounts, helping customers save for
a college education. Members who make an eligible purchase with Extra
Space Storage using a credit or debit card registered with Upromise
will receive a 2% contribution in to their Upromise account.

"Extra Space Storage is proud to offer our customers a new
partnership with Upromise. Whether they're storing with Extra Space
because they're moving, experiencing a major life change, or using
storage for business purposes, the Upromise affiliation allows us to
continually reward our customers, because the longer they stay, the
more they earn for education," said Buck Brown, SVP Marketing at Extra
Space Storage.

Upromise members join free and can earn money for college while
making everyday purchases of hundreds of products and services. Many
of America's leading brands participate in the service by contributing
1-25% of eligible purchases back to Upromise members as college
savings rewards.

About Extra Space Storage:

Extra Space Storage(R) Inc. (NYSE: EXR) is a real estate
investment trust based in Salt Lake City, Utah. Extra Space Storage is
the second largest operator of self storage in the U.S., and is a
national owner, developer, acquirer and operator of professionally
managed self-storage properties.

The 30-year old company has been a leader in the self-storage
industry since its inception by focusing on its commitment to be the
most convenient, secure and professional storage solution in every
neighborhood it serves. By featuring attractive, convenient and secure
facilities operated by professional managers, Extra Space Storage
seeks to change the association of self storage as a temporary holding
place for rarely-used things to a desirable, safe, and
customer-oriented facility perfectly suited for maintaining and
accessing valued personal and business possessions. Most company
facilities are fenced in and offer features such as individual door
alarms, computerized keypads, video monitoring and onsite residential
managers for added safety. Climate controlled rooms and pest control
provide protection for the most valued possessions. Individually lit
units, extra-wide driveways and overhead rolling garage doors make
moving items in a breeze. Packing and moving supplies are also
available, and rental trucks are available at select locations. More
available at: www.ExtraSpace.com

About Upromise

Launched in April 2001, today Upromise is the largest private
source of college funding contributions in America, with more than 9
million members and $450 million in member rewards. Membership is free
and can help families save money for college while making everyday
purchases of products and services at more than 21,000 grocery and
drug stores, 14,000 gas stations, 8,000 restaurants, as well as
thousands of retail stores, and more than 600 online shopping sites.
Upromise partners include Citi(R), ExxonMobil Corporation, Bed Bath &
Beyond(R), McDonald's(R), JCPenney.com, LandsEnd.com, Sears.com, and
hundreds of others. Upromise also makes it easy for families to start
their own college savings strategy through tax-advantaged 529 college
savings plans offered through Upromise Investments, Inc. or by using
Upromise contributions to help pay down eligible student loans.
Upromise is a wholly owned subsidiary of SLM Corporation (NYSE: SLM),
commonly known as Sallie Mae, the nation's leading provider of
saving-and-paying-for-college programs. Upromise is headquartered in
Newton, Mass., and has more than 350 employees. For additional
information, visit www.Upromise.com.

Extra Space Storage Inc.
Denise Bovo, 901-252-2043
dbovo@extraspace.com
or
For Upromise:
Debby Hohler, 617-454-6741
dhohler@upromise.com

Copyright Business Wire 2008