Press Release - 100 Million dollars of equity Corporate News – Wednesday, December 06, 2006 For Immediate Release December 6, 2006 ORLANDO, FLA – OB Companies/Simply Self Storage, a diversified real estate developer of self storage businesses, announced that it secured another 100 million dollars of equity from an unnamed source. Simply Self Storage is the largest non public self storage operator in the United States and Puerto Rico. This equity, along with great terms on debt financing, should allow Simply Self Storage to purchase another 600 million dollars worth of properties in 2007. Simply Self Storage, based in Orlando, FL., has offices and self storage projects in Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, Ohio, Pennsylvania, Texas, Rhode Island and Puerto Rico. Simply Self Storage has over 10 million square feet of storage space and nearly 150 operating self storage facilities. For further information, please contact Jessica Wolf at OB Companies/Simply Self Storage, JWolf@obcompanies.com. Kurt O’Brien Chief Executive Officer OB Companies/Simply Self Storage 7932 W. Sand Lake Rd., Suite 108 Orlando, FL 32819 407-248-7878 – Phone 407-248-9048 - Fax