look1 Monday, 08/24/09 08:19:01 AM Re: None Post # of 10 COULD LIQUIDATE DWS RREEF Real Estate Fund, Inc. (AMEX:SRQ) (“DWS RREEF I”) and DWS RREEF Real Estate Fund II, Inc. (AMEX:SRO) (“DWS RREEF II”) (each, a “Fund,” and together, the “Funds”) announced today that the Board of Directors of each Fund has approved a series of measures designed to protect and enhance stockholder value: 1. In an effort to reduce operating costs, the Board has negotiated a new management fee for each Fund at a fixed rate of 0.55% of average daily managed assets. The new fee, which reflects a significant reduction, will take effect September 1, 2009. 2. In light of substantial stockholder support for the recent liquidation proposals, the Board has indicated its intention to give stockholders another opportunity to vote on the liquidation of the Funds at their annual meetings expected to be held later this year.