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   &lt;!-- Begin Block Tagged Note 10 - mini:LeaseFleetTextBlock--&gt;
   &lt;div style="font-family: 'Times New Roman',Times,serif; margin-left: 0in; "&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 10pt"&gt;NOTE J &amp;#8212; Lease Fleet
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 10pt"&gt;Mobile Mini has a lease fleet primarily consisting of remanufactured and differentiated steel
   portable storage containers, manufactured steel offices, and wood office units that are leased to
   customers under short-term operating lease agreements with varying terms. Depreciation is
   calculated using the straight-line method over the estimated useful life of the Company&amp;#8217;s units,
   after the date that the Company put the unit in service, and are depreciated down to their
   estimated residual values. The Company&amp;#8217;s steel units are depreciated over 30&amp;#160;years with an
   estimated residual value of 55%. Wood office units are depreciated over 20&amp;#160;years with an estimated
   residual value of 50%. Van trailers, which are a small part of the Company&amp;#8217;s fleet, are
   depreciated over seven years to a 20% residual value. The Company has other non-core products that
   have various other measures of useful lives and residual values. Van trailers and other non-core
   products are only added to the fleet as a result of acquisitions of portable storage businesses.
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 10pt"&gt;In the opinion of management, estimated residual values do not cause carrying values to exceed net
   realizable value. The Company continues to evaluate these depreciation policies as more
   information becomes available from other comparable sources and the Company&amp;#8217;s own historical
   experience.
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 10pt"&gt;Normal repairs and maintenance to the portable storage and mobile office units are expensed as
   incurred. As of December&amp;#160;31, 2009 and June&amp;#160;30, 2010, the lease fleet was in excess of $1.1&amp;#160;billion
   before accumulated depreciation of $101.3&amp;#160;million and $110.6&amp;#160;million, respectively.
   &lt;/div&gt;
   &lt;div align="left" style="font-size: 10pt; margin-top: 10pt"&gt;Lease fleet consists of the following at:
   &lt;/div&gt;
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       &lt;td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"&gt;&lt;b&gt;December 31, 2009&lt;/b&gt;&lt;/td&gt;
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       &lt;td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000"&gt;&lt;b&gt;June 30, 2010&lt;/b&gt;&lt;/td&gt;
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   &lt;/div&gt;&lt;/td&gt;
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       &lt;td align="left"&gt;$&lt;/td&gt;
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       &lt;td align="right"&gt;530,152&lt;/td&gt;
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       &lt;td align="right"&gt;527,140&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
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   &lt;div style="margin-left:15px; text-indent:-15px"&gt;Van trailers
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       &lt;td&gt;&amp;#160;&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
       &lt;td align="right"&gt;5,557&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
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       &lt;td align="right"&gt;4,433&lt;/td&gt;
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   &lt;div style="margin-left:15px; text-indent:-15px"&gt;Other (chassis and ancillary products)
   &lt;/div&gt;&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
       &lt;td align="right"&gt;2,651&lt;/td&gt;
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   &lt;div style="margin-left:15px; text-indent:-15px"&gt;&amp;#160;
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       &lt;td&gt;&amp;#160;&lt;/td&gt;
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   &lt;div style="margin-left:15px; text-indent:-15px"&gt;&amp;#160;
   &lt;/div&gt;&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
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       &lt;td align="right"&gt;1,156,625&lt;/td&gt;
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       &lt;td align="right"&gt;1,147,951&lt;/td&gt;
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   &lt;div style="margin-left:15px; text-indent:-15px"&gt;Accumulated depreciation
   &lt;/div&gt;&lt;/td&gt;
       &lt;td&gt;&amp;#160;&lt;/td&gt;
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       &lt;td align="right"&gt;(101,297&lt;/td&gt;
       &lt;td nowrap="nowrap"&gt;)&lt;/td&gt;
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   &lt;div style="margin-left:15px; text-indent:-15px"&gt;&amp;#160;
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       &lt;td align="left"&gt;$&lt;/td&gt;
       &lt;td align="right"&gt;1,055,328&lt;/td&gt;
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