Quarter ended                                       June 30, 2009*                                    -------------------                                      ($'s in millions)  Site leasing revenue              $116.0   to  $118.0  Site development revenue          $ 18.0   to  $ 20.0  Total revenues                    $134.0   to  $138.0  Tower cash flow                   $ 89.0   to  $ 91.0  Adjusted EBITDA (1)               $ 81.0   to  $ 83.0  Net cash interest expense (2)     $ 29.0   to  $ 30.0  Equity free cash flow (3)         $ 47.3   to  $ 51.5   ---------------  *   The Outlook provided is based on a number of assumptions that the      Company believes are reasonable at the time of this press      release.  (1) Excludes acquisition related costs which, commencing January 1,      2009 pursuant to the adoption of Statement of Financial      Accounting Standard 141(R), are required to be expensed and      included within operating expenses.  (2) Excludes amortization of deferred financing fees, non-cash      interest expense associated with the Optasite credit facility,      any non-cash interest expense associated with the adoption of APB      14-1 and any impact of interest rate hedging.  (3) Defined as Adjusted EBITDA less net cash interest expense,      non-discretionary cash capital expenditures and cash taxes paid. 

As previously indicated, SBA will release its second quarter results on Tuesday, July 28, 2009, after market close. SBA will host a conference call on Wednesday, July 29, 2009 at 10:00 A.M. ET to discuss these results. The call may be accessed as follows:

   When:                     Wednesday, July 29, 2009 at 10:00 A.M. ET  Dial-in Number:           (800) 230-1085  Conference call name:     SBA Second Quarter Results  Replay:                   July 29, 2009 at 12:00 P.M.                             through August 12, 2009 at 11:59 P.M.  Number:                   (800) 475-6701  Access Code:              106489  Internet access:          www.sbasite.com 

Information Concerning Forward-Looking Statements

This press release includes forward-looking statements, including statements regarding the Company's financial and operational guidance for the second quarter of 2009. These forward-looking statements may be affected by the risks and uncertainties in the Company's business. This information is qualified in its entirety by cautionary statements and risk factor disclosures contained in the Company's Securities and Exchange Commission filings, including the Company's annual report on Form 10-K filed with the Commission on February 27, 2009. The Company wishes to caution readers that certain important factors may have affected and could in the future affect the Company's actual results and could cause the Company's actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of the Company.