The DWS Dreman Value Income Edge Fund, Inc. Announces Special Year-End Distribution,...

The DWS Dreman Value Income Edge Fund, Inc. Announces Special Year-End Distribution, Monthly Dividend, and New Addition to Portfolio Management Team

NEW YORK--(Business Wire)--The Board of Directors of DWS Dreman Value Income Edge Fund, Inc.
(NYSE: DHG) (the "Fund") declared a monthly distribution of $0.1167
per share payable on January 31, 2008 to stockholders of record at the
close of business on December 31, 2007. The ex-date will be December
27, 2007.

The Board of Directors also announced a special income
distribution of $0.1942 per share payable on January 10, 2008 to
stockholders of record at the close of business on December 31, 2007.
The ex-date will be December 27, 2007. Both dividends will be taxable
in 2007.

The Fund also announced today that Gerhardt Herbert, CFA has
joined the portfolio management team for the Fund. Mr. Herbert is
currently a Managing Director and serves as the Head of the High Yield
group at Dreman Value Management, LLC.

For more information on the Fund please contact a representative
at (800) 349-4281, or visit us on the web at www.cef.dws-scudder.com
for updated information on the Fund.

The DWS Dreman Value Income Edge Fund, Inc. (NYSE:DHG) is a
non-diversified, closed-end investment company. The Fund's investment
objective is to seek to achieve a high level of total return. The Fund
pursues its investment objective through a combination of an income
strategy designed to generate regular income and reduce volatility
(the "Income Strategy"), and a quantitative long/short strategy
designed to seek returns that are uncorrelated to the market (the
"Hedge Strategy"). Its shares are listed on the New York Stock
Exchange under the symbol "DHG".

Future earnings of the Fund can not be guaranteed and the Fund's
dividend policy is subject to change. The amount of monthly
distributions may vary depending on a number of factors. As portfolio
and market conditions change, the amount of dividends could change.
For more information on the Fund, please contact a representative at
(800) 349-4281, or visit us on the web at www.cef.dws-scudder.com for
updated information on the Fund.

Closed-end funds, unlike open-end funds, are not continuously
offered. There is a one time public offering and once issued, shares
of closed-end funds are sold in the open market through a stock
exchange. Shares of closed-end funds frequently trade at a discount to
net asset value. The price of the fund's shares is determined by a
number of factors, several of which are beyond the control of the
fund. Therefore, the fund cannot predict whether its shares will trade
at, below or above net asset value.

Past performance is no guarantee of future results. Investments in
funds involve risk. Some funds have more risk than others. These
include funds that allow exposure to or otherwise concentrate
investments in certain sectors, geographic regions, security types,
market capitalization or foreign securities (e.g., political or
economic instability, which can be accentuated in emerging market
countries).

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NOT FDIC/ NCUA INSURED -- MAY LOSE VALUE -- NO BANK GUARANTEE
NOT A DEPOSIT -- NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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This press release shall not constitute an offer to sell or a
solicitation to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer or solicitation or
sale would be unlawful prior to registration or qualification under
the laws of such state or jurisdiction.

DWS Scudder is part of Deutsche Asset Management, which is the
marketing name in the US for the asset management activities of
Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche
Investment Management Americas Inc. and DWS Trust Company. Copyright
(C) 2007 DWS Scudder Distributors, Inc. (MARS 50211 7/07)

Media:
Deutsche Bank Press Office, 212-250-7171
OR
Investors:
Chris Ferreira, 800-349-4281

Copyright Business Wire 2007