DEXUS — Board/Management Information 2007

Jun 7, 2007

DB RRFFF

Managed in partnership with Deutsche Bank $\boxdot$

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

Level 9 343 George Street Sydney NSW 2000

PO Box R1822 Royal Exchange NSW 1225

Telephone 61 2 9017 1100 Direct 61 2 9017 1130 Facsimile 61 2 9017 1132

8 June 2007

The Manager Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 2000

Dear Sir/Madam

DB RREEF Trust (ASX: DRT) - DB RREEF announces resignation of Chief Financial Officer

DB RREEF Funds Management Limited, as responsible entity for DB RREEF Trust (DRT), today advises that Peter Roberts has resigned as Chief Financial Officer, with effect from late June.

This follows Peter's decision to take the opportunity for a break and some time out with his family, before moving into the next challenge in his career.

DB RREEF CEO, Victor Hoog Antink, said "On behalf of the company, I would like to extend my thanks to Peter for his contribution to the business and wish him all the best in his future endeavours.

We will advise the market once a new replacement is appointed".

Yours sincerely

Tanya Cox Company Secretary