DEXUS — Regulatory Filings 2004

Nov 2, 2004

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

3 November 2004

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

Dear Sir / Madam,

DB RREEF TRUST - CHANGE OF COMPLIANCE COMMITTEE

This is to advise that Ms Tanya Cox has been appointed, with immediate effect, as a member of the Compliance Committee of DB RREEF Funds Management Limited, Responsible Entity for DB RREEF Trust.

Yours faithfully

JAN S. THOMPSON Company Secretary

للمستعدد والمرادا

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MP5546.DOC/CS129

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