DWS RREEF Real Estate Fund, Inc. (SRQ) and DWS RREEF Real Estate Fund II, Inc. (SRO) Declare Monthly Dividends.

NEW YORK -- The Board of Directors of DWS RREEF Real Estate Fund, Inc. (AMEX: SRQ) and DWS RREEF Real Estate Fund II, Inc. (AMEX: SRO), declared a regular monthly dividend for the months of January, February and March. The following dates and dollar amounts apply for the current period:

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SRQ's current distribution rate represents an annualized yield of 6.30% based on the closing market price of $25.13 on January 5, 2007, and a 5.53% yield on a closing NAV of $28.63 as of the same date.

SRO's current distribution rate represents an annualized yield of 6.58% based on the closing market price of $19.16 on January 5, 2007, and a 5.73% yield on a closing NAV of $21.99 as of the same date.

For more information on SRQ and SRO please contact a representative at [phone] or visit us on the web at www.cef.dws-scudder.com for updated information on the Funds.

SRQ and SRO are non-diversified funds, which means they can invest in securities of relatively few issues. This presents greater risk of loss of principal as the financial conditions or market assessments of such securities change. REIT investments can be affected by interest rate moves, economic cycles, and tax and regulatory requirements.

Past performance is no guarantee of future results. Annualized dividend yield is the latest monthly dividend shown as an annualized percentage of net asset value/market price at month end. Annualized dividend yield simply measures the level of dividends and is not a complete measure of performance. Market price, annualized dividend yield, net asset value and returns are historical and will fluctuate and do not guarantee future results. Investments in funds involve risk. Some funds have more risk than others. These include funds that allow exposure to or otherwise concentrate investments in certain sectors, geographic regions, security types, market capitalization or foreign securities (e.g., political or economic instability, which can be accentuated in emerging market countries).

NOT FDIC/ NCUA INSURED -- MAY LOSE VALUE -- NO BANK GUARANTEE
NOT A DEPOSIT -- NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

DWS Scudder is part of Deutsche Asset Management, which is the marketing name in the US for the asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Asset Management Inc., Deutsche Investment Management Americas Inc. and DWS Trust Company. Copyright [c] 2007 DWS Scudder Distributors, Inc.

(MARS 30896 1/07)