DEXUS — Declaration of Voting Results & Voting Rights Announcements 2007

Oct 30, 2007

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31 October 2007

The Manager Australian Stock Exchange Limited 20 Bridge Street

Sydney NSW 2000

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 1266 Facsimile 61 2 9017 1110

Email: ben.lehmann@dbrreef.com

Dear Sir/Madam

DB RREEF Trust (ASX: DRT): Annual General Meeting 2007 - Results

DB RREEF Funds Management Limited (DRFM), as responsible entity for DB RREEF Trust (DRT), announces that the two resolutions considered today at the DRT 2007 Annual General Meeting were approved by the required majority. Details of the resolutions are outlined in Attachment A.

For further information, please contact:

Fund Manager, DB RREEF Trust: Ben Lehmann (02) 9017 1266 Investor Relations: Karol O’Reilly (03) 8611 2930 Media Relations: Emma Parry (02) 9017 1133

Yours sincerely

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Tanya Cox Company Secretary

Page 2

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Attachment A: Details of DRT Annual General Meeting 2007 – proxy votes

Resolution 1: To ratify the appointment of Mr Stewart Ewen as an independent director:

• That the appointment of Mr Stewart Ewen as an Independent Director of DRFM be ratified.

• This resolution was passed on a show of hands

Details of the security holder proxy votes for Resolution 1 are outlined as follows:

Manner in which the security Votes Manner in which votes were cast on a holder directed the proxy vote poll (where applicable) For 1,578,061,700 Passed on a show of hands Against 27,109,815 Passed on a show of hands Discretionary 17,354,776 Passed on a show of hands Abstain 24,143,507 Passed on a show of hands

Resolution 2: Adoption of Remuneration Report:

• That the Remuneration Report for the financial year ended 30 June 2007 be adopted

• This resolution was passed on a show of hands

Details of the security holder proxy votes for Resolution 2 are outlined as follows:

Manner in which the security Votes Manner in which votes were cast on a holder directed the proxy vote poll (where applicable) For 1,423,348,613 Passed on a show of hands Against 112,567,117 Passed on a show of hands Discretionary 17,543,545 Passed on a show of hands Abstain 159,208,668 Passed on a show of hands