2003 Media Releases

Deutsche Industrial Trust (ASX:DIT) has revised its fee structure to better align its financial interests with those of its shareholders. The changes are effective as of October 1, 2003 and will not require unitholder approval.

The amended fee structure is a combination of:

• a reduced base fee (being remuneration for the costs incurred in managing the Fund)
• a performance fee (being remuneration for achieving superior returns), and
• a remuneration cap set at existing Constitution levels.

In future, to claim its full fee entitlement the RE must achieve returns for investors in excess of the ASX S&P 200 Property Accumulation Index.

Further details of the new fee structure are attached.

For further information please contact:

Ben Lehmann 
General Manager, DIT DB Real Estate
Tel: (02) 9249 9003 / 0414 424 420 

Kristin Silva/Ainsley Gee
Corporate Communications
Tel: (02) 9249 9568 / (02) 9249 9904

About Deutsche Industrial Trust

Deutsche Industrial Trust (ASX: DIT) is the third largest listed industrial trust in Australia. It was the top performing industrial trust in the industrial sub-sector for the 2001/02 financial year*. Its gross assets total approximately AUD$700 million. The Trust has investments in 37 properties across four of the country’s largest industrial markets (NSW 84%, VIC 4%; WA 3%; QLD 9%), The Trust invests in high quality industrial assets in prime and well-established locations across Australia.