Hughes Family Reorganizes Holdings of Units of Public Storage Canadian Properties

TORONTO, ONTARIO–(Marketwire – Dec. 16, 2009) – Public Storage Canadian Properties (TSX:PUB) -

BWE Holdings Company ULC (“BWE”), 2484182 Nova Scotia Company (“NSC”), Canadian Diversified Storage Incorporated (“CDS”), HF Canadian Properties (“HFCH”), and Canadian Mini-Warehouse Properties Company (“CMP”), which are all controlled by B. Wayne Hughes reported that they had sold units (“Units”) of limited partnership interest in Public Storage Canadian Properties (“PSCP”) to the following entities which are also all controlled by the Hughes Family as follows: