The Board of Directors of DWS RREEF Real Estate Fund, Inc. (AMEX:SRQ) and DWS RREEF Real Estate Fund II, Inc. (AMEX:SRO) (each a �Fund� and collectively, the �Funds�) announced today that the Funds� Special Meetings of Stockholders were held on May 20, 2009. A quorum at each meeting was present, but each Fund�s proposal to liquidate and dissolve did not receive a sufficient number of votes for approval. Therefore, each Fund will continue to exist as a closed-end registered investment company in accordance with its stated investment objective and policies. Voting results will be posted to each Fund�s website once available at www.dws-investments.com.

For more information about DWS Investments closed-end funds, visit www.dws-investments.com or call (800) 349-4281.

IMPORTANT INFORMATION

Investments in funds involve risk. The fund involves additional risks due to its narrow focus. There are special risks associated with investment in real estate, including credit risk, interest rate fluctuations and the impact of varied economic conditions.

Shares of common stock of closed-end funds, unlike open-end funds, are not continuously offered. There is a one time public offering and, once issued, shares of common stock of closed-end funds are traded in the open market generally through a stock exchange. Common shares of closed-end funds frequently trade at a discount to net asset value. The price of common shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, the fund cannot predict whether its common shares will trade at, below, or above net asset value.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of fund securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Certain statements contained in this release may be forward-looking in nature. These include all statements relating to plans, expectations, and other statements that are not historical facts and typically use words like �expect,� �anticipate,� �believe,� and similar expressions. Such statements represent management's current beliefs, based upon information available at the time the statements are made, with regard to the matters addressed. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Management does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

NOT FDIC/ NCUA INSURED � MAY LOSE VALUE � NO BANK GUARANTEE

NOT A DEPOSIT � NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

DWS Investments is part of Deutsche Bank�s Asset Management division and, within the US, represents the retail asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas Inc. and DWS Trust Company. (R-11744-1 5/09)

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