Duke Realty Selected to Develop Lenovo Campus; Campus to Include More Than 500,000 Square Feet.

INDIANAPOLIS -- Duke Realty Corporation (NYSE:DRE) announced that it will commence development of three Class "A" office buildings for Lenovo (USA), Inc. at Perimeter Park in Morrisville, North Carolina near Raleigh and the Research Triangle Park. The corporate campus will encompass more than 500,000 square feet of Class "A" office space constructed over the next three years.

Construction on the first two buildings, totaling 358,000 square feet, will begin in early 2006 and be completed and occupied by Lenovo in early 2007. Total project cost for these two buildings will be approximately $46 million. Lenovo will enter into ten-year leases of the facilities. The third building of 143,000 square feet is estimated to cost approximately $20 million, and will commence at Lenovo's option in January of 2008 for occupancy in 2009. In addition to Lenovo's 1,800 existing jobs in the Triangle, the company will create an additional 400 new jobs, which will be housed on the new campus.

Denny Oklak, Duke's President and Chief Executive Officer, stated, "We are extremely excited about working with Lenovo on their project in Raleigh. The 500,000 square foot office campus is one of the larger build-to-suit projects that Duke has ever developed. Perimeter Park is an excellent location for corporate users and will be a great home for Lenovo for many years. This transaction is another example of Duke's ability to meet the needs of major corporations through our vertically integrated development model."

About Lenovo

Lenovo (HKSE:992)(ADR:LNVGY) is the world's third-largest personal computing company, with a business model built on innovation, operational efficiency and investment in emerging markets. Formed by Lenovo Group's acquisition of the former IBM Personal Computing Division, the company has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina, and develops, manufactures and markets reliable, high-quality, secure, and easy-to-use technology products and services worldwide. For more information, see www.lenovo.com.

About Duke Realty Corporation

As one of the most vertically-integrated real estate companies in the U.S., Duke Realty Corporation specializes in the ownership, construction, development, leasing and management of office and industrial real estate. Duke's properties encompass approximately 103 million rentable square feet leased by approximately 3,500 tenants and approximately 4,500 acres of undeveloped land that can support approximately 64 million square feet of future development. In addition to its office and industrial focus in 13 primary operating platforms in the Midwest and Southeast United States, Duke selectively pursues medical office and retail development opportunities, as well as nationwide opportunities through its National Development and Construction Group. Visit Duke on the web at www.dukerealty.com.