Public Storage Hires New Chief Legal Officer

Public Storage (NYSE:PSA) announced today that Lily Yan Hughes has joined Public Storage as Senior Vice President, Chief Legal Officer and Corporate Secretary.

Ms. Hughes was Vice President and Associate General Counsel−Corporate, M&A and Finance and also Assistant Corporate Secretary at Ingram Micro, a Fortune 100 NYSE company with operations in 39 countries and 21,000 employees, which she joined in 1997. Before joining Ingram Micro, Ms. Hughes was a partner in the Los Angeles office of Manatt, Phelps and Phillips. Ms. Hughes received her B.A. in Political Science from the University of California at Berkeley and J.D. from the University of California Berkeley’s Boalt Hall School of Law.

“Lily has been recognized for many honors and awards including the 2014 California Diversity Council Multicultural Leadership Award by the National Diversity Council,” said Ronald Havner, the Company’s Chairman and Chief Executive Officer. “We are pleased to have Lily join our management team and bring her recognized leadership, broad business knowledge and legal experience to Public Storage.”

Company Information

Public Storage, a member of the S&P 500 and FT Global 500, is a fully integrated, self-administered and self-managed real estate investment trust that primarily acquires, develops, owns and operates self-storage facilities. The Company’s headquarters are located in Glendale, California. At September 30, 2014, the Company had interests in 2,234 self-storage facilities located in 38 states with approximately 144 million net rentable square feet in the United States and 188 storage facilities located in seven Western European nations with approximately ten million net rentable square feet operated under the “Shurgard” brand. The Company also owns a 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned and operated approximately 30 million rentable square feet of commercial space, primarily flex, multi-tenant office and industrial space, at September 30, 2014.

Additional information about Public Storage is available on the Internet. The Company’s web site is www.publicstorage.com.