Jan 16, 2013 - Duke Realty Corporation announced today that it has called for redemption all of its 711,820 outstanding 8.375% Series O Cumulative Redeemable Preferred Shares, par value $.01 per share, and all of the 7,118,197 Depositary Shares representing such Series O Preferred Shares ( NYSE : DREPRO ) (CUSIP No.: 264411679). The redemption date is February 22, 2013. The cash redemption price for the Series O Preferred Shares is $250.00 per share, which is equivalent to a cash redemption price of $25.00 per Series O Depositary Share. Holders of the Series O Depositary Shares will receive $0.308247 per share in accrued dividends, for an aggregate redemption price of $25.308247 per Series O Depositary Share. Dividends on the Series O Preferred Shares represented by the Series O Depositary Shares will cease to accrue after the redemption date, and holders will have no rights other than the right to receive the redemption price, without interest, upon surrender of their shares. The Notice of Redemption and related materials will be mailed to holders of Duke Realty's Series O Depositary Shares representing the Series O Preferred Shares on January 16, 2013.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Duke Realty Corp., 8.375% Depositary Shares each representing 1/10th of a 8.375% Series O Cumulative Redeemable Preferred Share, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 2/22/2013 at $25 per depositary share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 8.375% ($2.09375) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by preferreds issued by REITs are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	8.38% $2.09375	$25.00 $25.00	Called for 2/22/2013 None	Baa3 BB 1/15/2013	3/31, 6/30, 9/30 & 12/31 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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HOME PAGE:     http://www.dukerealty.com/
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Company's Email Address Links

Inv Rel Email Address	ir@dukerealty.com
General Email Address	shona.bedwell@dukerealty.com
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Address and Phone Numbers

Address:   600 East 96th Street, Suite 100, Indianapolis, IN 46240
Main Phone Number	317-808-6000
Fax Number	317-808-6770
Investor Relations   Shona L. Bedwell	317-808-6169
Toll Free Phone Number	800-875-3366

CEO - Dennis D. Oklak

CFO - Matthew A. Cohoat