Shurgard Inks Confidentiality Pacts

Shurgard Storage Centers Inc., Seattle, has announced the signing of confidentiality agreements with several parties in connection with its exploration of strategic options, including Public Storage Inc., which previously made an unsolicited bid for Shurgard.Shurgard, a real estate investment trust, said Public Storage has agreed not to take certain actions regarding an acquisition of Shurgard before April 27, 2006, without Shurgard's approval. The agreement does not limit Public Storage's ability to nominate directors of Shurgard. Citigroup Global Markets Inc. and Banc of America Securities LLC are acting as financial advisers to Shurgard, and Goldman, Sachs & Co. is acting as financial adviser to Public Storage, a REIT based in Glendale, Calif. The companies can be found online at http://www.shurgard.com and http://www.publicstorage.com.