The Board of Directors of SBA Communications Corporation (the "Company") sets high standards for the Company's employees, officers and directors. Implicit in this philosophy is the importance of sound corporate governance.

The core responsibility of each member of the Board is to exercise his or her fiduciary duty to act in a manner he or she believes to be in the best interests of the Company and its shareholders. To fulfill its responsibilities and to discharge its duty, the Board of Directors follows the procedures and standards that are set forth in the Corporate Governance Guidelines established by the Board. These guidelines are subject to modification from time to time as the Board of Directors deems appropriate in the best interests of the Company or as required by applicable laws and regulations.

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Governance Documents

Board of Directors

The Board believes that shareholders should have the right to communicate directly with the Board. Shareholder communications should be directed to one or more members of the Board or to the Board collectively, must be in hard copy (i.e., non-electronic) written form, must be delivered to the Company’s principal executive office located at 8051 Congress Avenue, Boca Raton, Florida 33487, and must include a statement that the author of such communications is a beneficial or record owner of shares of common stock of the Company.

All qualifying communications received by the Company shall be directed to the Corporate Secretary. The Corporate Secretary will maintain a log and copies of all qualifying communications. The Corporate Secretary shall review all qualifying communications and shall remove communications relating to the purchase or sale of products or services, communications from landlords relating to the obligations of the Company or one of its subsidiaries under a lease,

communications from suppliers or vendors relating to the obligations of the Company or one of its subsidiaries to such supplier or vendor, communications from pending or threatened opposing parties in legal or administrative proceedings regarding matters not related to securities law matters or fiduciary duty matters and any other communications that the Corporate Secretary deems, in his or her reasonable discretion, unrelated to the business of the Company. The Corporate Secretary shall compile all qualifying communications not removed as provided above and shall distribute such qualifying communications to the intended recipient, as appropriate. A copy of any qualifying communication that relates to the Company’s accounting and auditing practices shall also be sent directly to the Chairman of the Company’s Audit Committee, whether or not it was directed to such person.

Stock transaction information provided by EDGAR Online. SBA Communications Corporation makes no representation or warranty with respect to any of the information contained herein, takes no responsibility for supplementing, updating or correcting any such information and shall have no liability with respect to any such information. This listing does not include derivatives, such as stock option grants or shares purchased through an employee stock purchase plan. For recent transactions, including derivative transactions, see our Section 16 SEC filings page.