Mobile Mini, Inc. Announces Pricing for Tender Offer and Consent Solicitation for Its 9.5% Senior Notes Due 2013

Business Wire, April 23, 2007

TEMPE, Ariz. -- Mobile Mini, Inc. (NASDAQ GS: MINI) today announced that it has determined the price for its previously announced tender offer and consent solicitation for any and all of its outstanding 9.5% Senior Notes due 2013 (the "Notes"). The total consideration for holders of the Notes (the "Holders") who validly tendered Notes and delivered consents on or prior to the expiration of the consent solicitation on April 20, 2007 will be $1089.67 per $1,000.00 principal amount of the Notes. The total consideration includes a consent payment of $30.00 per $1,000.00 principal amount of the Notes. In addition to the consideration payable with respect to the Notes, the Company will pay accrued and unpaid interest up to, but not including, the applicable settlement date.

The total consideration was determined as of 2:00 p.m., New York City time, on April 20, 2007, by reference to a fixed spread of 50 basis points over the yield on the 5.125% U.S. Treasury Note due June 30, 2008. As of April 20, 2007, holders of nearly 98% of the aggregate principal amount of the Notes have tendered and consented. Holders who have tendered their Notes and delivered their consents may no longer withdraw their Notes or revoke their consents. The Company intends to promptly execute the supplemental indenture.

The tender offer and consent solicitation will expire at 11:59 p.m. midnight, New York City time, on May 4, 2007 (the "Expiration Date"), unless terminated or extended. The initial settlement date, for Notes validly tendered and accepted for payment prior to the Expiration Date, is expected to be May 7, 2007, subject to satisfaction of all conditions.

Deutsche Bank Securities Inc. is the dealer manager for the offer to purchase and the solicitation agent for the consent solicitation and questions may be directed to Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10005, Attn: Alexandra Barth at (212) 250-5655 (collect). MacKenzie Partners, Inc. will serve as the information agent for the offer to purchase and the consent solicitation and can be contacted at (212) 929-5500 or (800) 322-2885. Copies of the Offer to Purchase and Consent Solicitation Statement may be obtained from the Information Agent.

The tender offer and consent solicitation are being made solely on the terms and conditions set forth in the Offer Documents. Under no circumstances shall this press release constitute an offer to buy or the solicitation of an offer to buy the Notes or any other securities of the Company. The tender offer and consent solicitation are being made solely pursuant to the Company's Offer Documents. This press release also is not a solicitation of consents to the proposed amendments to the Indenture. No recommendation is made as to whether holders of the Notes should tender their Notes or give their consent to the proposed amendments to the Indenture.

Mobile Mini, Inc. is the world's leading provider of portable storage solutions through its total fleet of over 158,000 portable storage units and portable offices with 63 branches in U.S., United Kingdom, Canada and The Netherlands. Mobile Mini is included on the Russell 2000[R] and 3000[R] Indexes and the S&P SmallCap Index.

This news release may contain forward-looking statements, which involve inherent risks and uncertainties. Statements that are not historical facts, including statements about Mobile Mini, Inc.'s beliefs, plans or expectations, are forward-looking statements. These statements are based on current plans, estimates and expectations. Actual results may differ materially from those projected in such forward-looking statements and therefore you should not place undue reliance on them. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements is set forth in Mobile Mini, Inc.'s most recent report on Form 10-K and Mobile Mini's other documents on file with the Securities and Exchange Commission. Mobile Mini, Inc. undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.