Amendments to Bylaws of Public Storage, Inc. Adopted by the Board of Directors on August 5, 2003
WHEREAS: The Board of Directors of this corporation considers it to be in the best interests of the corporation
to increase the authorized number of directors of the corporation from ten (10) to eleven (11);
WHEREAS: The corporation's Bylaws permit the Board of Directors to designate the number of directors of the
corporation provided that such number is within the range of not less than eight
(8) or more than fifteen (15).
NOW, THEREFORE, BE IT RESOLVED: That the second sentence of
Section 3 of Article IV of the corporation's Bylaws is hereby amended to read as follows:
"The exact number of directors shall be eleven (11) until changed within the limits specified above, by a bylaw
amending this section 3, duly adopted by the board of directors or by the shareholders."