0001099343-04-000030 Sample Contracts

LOLA BROWN TRUST NO. 1B and ERNEST HOREJSI TRUST NO. 1B Have Amended Their Offer to Purchase for Cash Up to 1,825,000 Outstanding Shares of Common Stock of NEUBERGER BERMAN REAL ESTATE INCOME FUND INC. at $19.89 Net Per Share
Offer to Purchase • October 27th, 2004 • Lola Brown Trust 1b

THE OFFER AND WITHDRAWAL RIGHTS HAVE BEEN EXTENDED AND WILL EXPIRE AT 5:00 MIDNIGHT, NEW YORK CITY TIME, ON TUESDAY, JANUARY 25, 2005, UNLESS THE OFFER IS FURTHER EXTENDED.

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