DEXUS — Board/Management Information 2005

Apr 18, 2005

MP6205.DOC/CS129

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DB RREEF Trust

Managed in partnership with Deutsche Bank $Z$

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

19 April 2005

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

Dear Sir / Madam,

DB RREEF TRUST - RESIGNATION OF ALTERNATE DIRECTOR

This is to advise the resignation of Mr Shaun Albert Mays as an alternate director of DB RREEF Funds Management Limited, Responsible Entity for DB RREEF Trust (DRT),

Yours faithfully,

IAN S. THOMPSON Company Secretary

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