DEXUS — Board/Management Information 2005

Apr 20, 2005

DB RREEF Trust

Managed in partnership with Deutsche Bank $\boxdot$

DB RREEF Funds Management Limited ABN 24 060 920 783 Australian Financial Services Licence Holder

Level 18 225 George Street Sydney NSW 2000

PO Box R1822 Royal Exchange NSW 1225

Telephone 61 2 9258 1234 Direct 61 2 9258 2364 Facsimile 61 2 9258 1101

21 April 2005

The Manager Company Announcements Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000

Dear Sir / Madam,

DB RREEF TRUST - RETRACTION NOTICE

This is to advise the notice in respect of Mr Shaun Albert Mays's resignation as an alternate director of DB RREEF Funds Management Limited, Responsible Entity for DB RREEF Trust (DRT), was lodged in error on 19 April 2005 and is retracted.

Yours faithfully,

IAN S. THOMPSON Company Secretary