SOVRAN SELF STORAGE, INC. Common Stock UNDERWRITING AGREEMENT dated November 28, 2006 Banc of America Securities LLCUnderwriting Agreement • December 4th, 2006 • Sovran Self Storage Inc • Real estate investment trusts • New York
Introductory. Sovran Self Storage, Inc., a Maryland corporation (the "Company"), together with Sovran Acquisition Limited Partnership, a Delaware limited partnership (the "Operating Partnership"), and Sovran Holdings, Inc., a Delaware corporation, the general partner of the Operating Partnership and wholly-owned subsidiary of the Company (together with the Company and the Operating Partnership, the "Transaction Entities") proposes to issue and sell to the several underwriters named in Schedule A (the "Underwriters") an aggregate of 2,000,000 shares (the "Firm Shares") of its Common Stock, par value $0.01 per share (the "Common Stock"). In addition, the Company has granted to the Underwriters an option to purchase up to an additional 300,000 shares (the "Optional Shares") of Common Stock, as provided in Section 2. The Firm Shares and, if and to the extent such option is exercised, the Optional Shares are collectively called the "Shares". Banc of America Securities LLC ("BAS") has agreed
