Digital Realty Trust, Inc. Announces Initial Public Offering of Common Stock MENLO PARK, Calif., Oct. 29 /PRNewswire-FirstCall/ -- Digital Realty Trust, Inc. (NYSE:DLR) today announced an initial public offering of 20,000,000 shares of the Company's common stock at a price of $12.00 per share. Digital Realty Trust has granted the underwriters of the offering an option to purchase up to 3,000,000 additional shares of its common stock to cover over-allotments, if any. The offering is expected to close on November 3, 2004. Citigroup and Merrill Lynch & Co. are the joint book-running managers. The initial public offering is being co-managed by Credit Suisse First Boston, UBS Investment Bank, RBC Capital Markets, KeyBanc Capital Markets and JMP Securities. Copies of the final prospectus relating to the offering may be obtained from Citigroup Global Markets Inc. (Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, NY 11220) or from Merrill Lynch & Co. (4 World Financial Center, New York, NY 10080). About Digital Realty Trust, Inc. Digital Realty Trust, Inc., which expects to qualify as a real estate investment trust (REIT) for federal income tax purposes, owns, acquires, repositions and manages technology-related real estate. The Company's 23 properties contain applications and operations critical to the day-to-day operations of technology industry tenants. Comprising approximately 5.6 million net rentable square feet, Digital Realty's property portfolio is located throughout the United States, with one property located in London, England. For Additional Information: A. William Stein Chief Financial Officer and Chief Investment Officer Digital Realty Trust, Inc. (650) 233-3604 Amy Cozamanis Investor/Analyst Information Financial Relations Board (310) 854-8314 Laurie Berman General Information Financial Relations Board (310) 854-8315 DATASOURCE: Digital Realty Trust, Inc. CONTACT: A. William Stein, Chief Financial Officer and Chief Investment Officer of Digital Realty Trust, Inc., +1-650-233-3604; or Investor/Analyst Information, Amy Cozamanis, +1-310-854-8314, or General Information, Laurie Berman, +1-310-854-8315, both of Financial Relations Board, for Digital Realty Trust, Inc.

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