Douglas Emmett Reports 2008 Taxability of Dividends

SANTA MONICA, Calif.--(Business Wire)--
Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT) whose
primary focus is owning and acquiring top-tier office properties and multifamily
communities within targeted submarkets, announced today the 2008 tax treatment
of its dividends. The Company`s dividends relating to its common stock (CUSIP
#25960P109) will be classified for United States federal income tax purposes as
follows:

Record Date Paid Date Dividend Per Dividend 2008 2008 2008 Return
Share Allocable to Dividend Dividend of Capital
2008 Ordinary Capital %
Income % Gain %
12/31/07 01/15/08 $ 0.1750 $ 0.1750 0.0 % 0.0 % 100.0 %
03/31/08 04/15/08 $ 0.1875 $ 0.1875 0.0 % 0.0 % 100.0 %
06/30/08 07/15/08 $ 0.1875 $ 0.1875 0.0 % 0.0 % 100.0 %
09/30/08 10/15/08 $ 0.1875 $ 0.1875 0.0 % 0.0 % 100.0 %
12/31/08 01/15/09 $ 0.1875 $ 0.000 0.0 % 0.0 % 0.0 %
Total: $ 0.9250 $ 0.7375 0.0 % 0.0 % 100.0 %

The common stock dividend of $0.1750 paid on January 15, 2008, with a record
date of December 31, 2007, is allocated to 2008. The common stock dividend of
$0.1875 that will be paid on January 15, 2009, with a record date of December
31, 2008, will be allocated to 2009. Shareholders are encouraged to consult with
their tax advisors as to their specific tax treatment of Douglas Emmett, Inc.
dividends.

About Douglas Emmett, Inc.

Douglas Emmett, Inc. (NYSE: DEI) is a fully integrated, self-administered and
self-managed real estate investment trust (REIT), and one of the largest owners
and operators of high-quality office and multifamily properties located in
premier submarkets in California and Hawaii. The Company`s properties are
concentrated in ten submarkets - Brentwood, Olympic Corridor, Century City,
Santa Monica, Beverly Hills, Westwood, Sherman Oaks/Encino, Warner
Center/Woodland Hills, Burbank and Honolulu. The Company focuses on owning and
acquiring a substantial share of top-tier office properties and premier
multifamily communities in neighborhoods that possess significant supply
constraints, high-end executive housing and key lifestyle amenities. For more
information on Douglas Emmett, please visit the Company`s Web site at
www.douglasemmett.com.

Safe Harbor Statement

Except for the historical facts, the statements in this press release regarding
Douglas Emmett`s business activities are forward-looking statements based on the
beliefs of, assumptions made by, and information currently available to us about
known and unknown risks, trends, uncertainties and factors that are beyond our
control or ability to predict. Although we believe that our assumptions are
reasonable, they are not guarantees of future performance and some will
inevitably prove to be incorrect. As a result, our actual future results can be
expected to differ from our expectations, and those differences may be material.
Accordingly, investors should use caution in relying on forward-looking
statements to anticipate future results or trends. For a discussion of some of
the risks and uncertainties that could cause actual results to differ from those
contained in the forward-looking statements, see "Risk Factors" in our Annual
Report on Form 10-K filed with the Securities and Exchange Commission.

Douglas Emmett, Inc.
Mary Jensen, Vice President - Investor Relations
310-255-7751
mjensen@douglasemmett.com

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