DEXUS — Major Shareholding Notification 2007

Dec 13, 2007

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FORM 605 Corporations Act 2001 Section 671B
Notice of ceasing to be a substantial holder
To Company Name/Scheme	DB RREEF TRUST
ACN/ARSN			$\sim$
1. Details of substantial holder(1) Name	Merrill Lynch & Co., Inc.
ACN/ARSN (if applicable)
The holder ceased to be a substantial holder on
The previous notice was given to the company on		14/12/2007 13/12/2007
The previous notice was dated		5/12/2007

2. Changes in relevant interests

Particular of each change in the nature of a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or scheme, since the
substantial holder was last required to give a subst

Date of change	l Person whose relevant l linterest changed	Nature of change (4)	Consideration given in relation to change (5)	Class (6) of securities	Securities laffected	Person's votes laffected
Appenaix 1	Merrill Lynch IInternational	I Return of collateral Ireceived	Appendix 1	Ordinary Shares	$-26,000,000$	$-26,000,000$

3. Changes in associations

The persons who have become associates (3) of ceased to be associates of or have changed the nature of their association (7) with the substantial holder in relation to
voting interests in the company or scheme are as follo

Name and ACN/ARSN (if applicable)	Nature of association
Merrill Lynch & Co Inc.	Ultimate Holding Company
Merril! Lynch International	Subsidiary of Merrill Lynch & Co.

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4. Addresses

The addresses of persons named in this form are as follows:

I Name	Address
Merrill Lynch & Co Inc.	14 World Financial Center, North Tower, 250 Vesey Street, New York, New York 10281
Merrill Lynch International	Merrill Lynch Financial Centre, 2 King Edward Street, London EC1A 1HQ

Signature

print name	James Indge	capacity	Attorney-in-fact
sign here		date	14/12/2007

Transaction History Period: 3 Aug 2007 and 5 Dec 2007

Appendix 1

socacement

DB RREEF TRUST (ISIN: AU000000DRT1 / SEDOL: B033YN6)

A S $\times$

Merrill Lynch International - Stock Collateral
Date of Acquisition	Transaction n (AUSS)	(AUS\$)	Shares
		Consideratio Price	Nom
		Loan Value /

14/12/2007 Return

26,000,000

$#$ $3/$ $\overline{4}$

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