Digital Realty Trust, Inc. Completes Initial Public Offering

MENLO PARK, CA, Nov. 4, 2004 -- Digital Realty Trust, Inc. (NYSE: DLR) today announced the completion of its initial public offering. Digital Realty Trust issued a total of 20,000,000 shares of its common stock in the initial public offering and received gross proceeds of approximately $240.0 million.

Citigroup and Merrill Lynch & Co. were the joint book-running managers of the initial public offering, which was co-managed by Credit Suisse First Boston, UBS Investment Bank , RBC Capital Markets, KeyBanc Capital Markets and JMP Securities.

Copies of the final prospectus relating to the offering may be obtained from Citigroup Global Markets Inc. (Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, NY 11220) or from Merrill Lynch & Co. (4 World Financial Center, New York, NY 10080).

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

Digital Realty Trust, Inc. , which expects to qualify as a real estate investment trust (REIT) for federal income tax purposes, owns, acquires, repositions and manages technology-related real estate. The Company's 23 properties contain applications and operations critical to the day-to-day operations of technology industry tenants. Comprising approximately 5.6 million net rentable square feet, Digital Realty's property portfolio is located throughout the United States, with one property located in London, England.