SRQ Dws Rreef Real Est FD

Deutsche Asset Management, Inc. and the board of directors of DWS RREEF Real Estate Fund, Inc. (AMEX: SRQ) were asked by the Susan L. Ciciora Trust today to conduct the annual meeting of stockholders of SRQ as soon as possible. It has been 13 months since the Fund held its last annual meeting and over 11 weeks since stockholders defeated the liquidation proposal. This request is provided by the trust, which is the single largest stockholder of SRQ and comes on the heels of other stockholders’ communicating to the trust their continued frustration with Deutsche Asset Management, Inc. and the board of directors’ continued delay in holding the annual meeting of stockholders for their fund.

Stewart Horejsi, spokesperson for the trust, stated that, “The trust continues to receive inquiries from fellow stockholders of SRQ as to why Deutsche Asset Management, Inc. and the fund’s board of directors continue to delay holding our meeting of stockholders. In addition to their ongoing frustration with this needless delay, stockholders have also informed the trust that they are anxious for change and cannot understand why the fund’s board of directors has not acted in the best interest of the fund’s stockholders.” He added, “The only action we have seen from the fund’s board of directors are changes to the fund’s bylaws which make it harder for stockholders to submit proposals and otherwise act on behalf of their own fund. In fact, these changes as enacted by the board of directors are contrary to the fund’s own corporate governance standards on how it views other funds’ corporate governance.”

Mr. Horejsi went on to say that “we have submitted various stockholder proposals to the fund, which proposals can be read at www.srqsro.com, but have been met with silence. Stockholders have already defeated the board of directors’ previous attempt to liquidate the fund; why is the board continuing to ignore the stockholders for proactive, and we believe, positive change?”

The trust is the largest stockholder of SRQ, owning 16.5% of the outstanding shares. The trust has been an active and vocal investor in the Fund and, on February 5, 2009, and on subsequent occasions, sent letters to SRQ and its board of directors proposing, among other things, termination of SRQ's investment advisers, a new slate of directors, better corporate governance standards and other ideas to enhance stockholder value. Copies of the letters were filed with the Securities and Exchange Commission and can be viewed at the trust’s website at www.srqsro.com or on the SEC’s website at www.sec.gov. No meaningful response was provided by the SRQ board with respect to any of these letters and, given that the board has very little incentive to manage the Fund due to its members' lack of any ownership, the trust decided that it should bring the substantial experience and skill of its affiliated registered investment advisers to the table and offer a better alternative to SRQ’s stockholders.

More information can be found at www.srqsro.com.

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