Duke Realty Announces Gene Zink's Resignation.

INDIANAPOLIS -- Duke Realty Corporation (NYSE:DRE) announced effective today that Gene Zink has resigned his position as Vice Chairman of the Company's Board of Directors. The Company had previously announced his intent to retire from the Board at the end of 2004, but Mr. Zink has decided to accelerate his retirement for personal reasons.

Commenting on his departure, Mr. Zink said, "I am very proud of what we built at Duke over the last 26 years. The Company has a well-earned reputation for industry leading performance and the highest standards of ethical conduct. I have every confidence that the current management team will make Duke even better. As a result, I intend to remain fully committed to Duke as a shareholder and advocate."

Said Denny Oklak, Duke's President and Chief Executive Officer, "We extend our deepest appreciation for Gene's hard work and tireless determination to build and expand our Company. His commitment to develop an uncompromising corporate structure and solid balance sheet positions us well going forward. Because of his efforts, Duke's future is extremely promising."

Mr. Zink was the Company's top financial officer until December 2003. Under his direction, he charted the Company's dramatic and important public offering in 1993. Duke's market capitalization grew from $600 million in 1993 to over $8 billion today. Through the years his solid leadership style and unwavering discipline have earned him recognition as one of the most progressive and effective financial officers in the industry. Realty Stock Review has honored him three times with the Outstanding Chief Financial Officer award.

Duke Realty Corporation is the largest publicly traded office and industrial real estate company in the United States. Offering a complete range of real estate products and services, Duke produces approximately $800 million in annual revenue from more than 4,200 tenants and focuses on building dominant market positions in each of its 13 geographic platforms across the Midwest and the Sunbelt. Duke owns interests in more than 112 million square feet of properties, has over 1,000 employees and owns or controls approximately 3,700 acres of undeveloped land that can support approximately 57 million square feet of future development. Visit Duke on the web at www.dukerealty.com.