The DWS Dreman Value Income Edge Fund, Inc. Announces Annual Meeting Vote

NEW YORK, May 22, 2008 (BUSINESS WIRE) -- DHG | Quote | Chart | News | PowerRating -- The Board of Directors of DWS Dreman Value Income Edge Fund, Inc. (NYSE: DHG | Quote | Chart | News | PowerRating) (the "Fund") announced today that at its Annual Meeting of Stockholders held on May 20, 2008, the following directors nominated by the Board of Directors, were elected for the terms indicated below:

Class I Directors - Term Expiration 2011:

-- Rebecca W. Rimel

-- John W. Ballantine

-- Kenneth C. Froewiss

-- Axel Schwarzer

Class II Directors - Term Expiration 2009:

-- Dawn-Marie Driscoll

-- Keith R. Fox

-- Richard J. Herring

-- William N. Searcy, Jr.

Class III Directors - Term Expiration 2010:

-- Henry P. Becton, Jr.

-- Jean Gleason Stromberg

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).

NOT FDIC/ NCUA INSURED -- MAY LOSE VALUE -- NO BANK GUARANTEE NOT A DEPOSIT -- NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

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. (R-4271-1 5/08)

SOURCE: The DWS Dreman Value Income Edge Fund, Inc.

For The DWS Dreman Value Income Edge Fund, Inc. Media: Deutsche Bank Press Office, 212-250-7171 or Investors: Closed-end Funds, 800-349-4281

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