DuPont Fabros Technology, Inc. Announces 11.7 Megawatts Of New Fortune 50 Leasing, Commencement Of A New Development, Land

  DuPont Fabros Technology, Inc. Announces 11.7 Megawatts Of New Fortune 50
Leasing, Commencement Of A New Development, Land Acquisition And 2013 Guidance
                                   Increase

PR Newswire

WASHINGTON, Aug. 29, 2013

WASHINGTON, Aug. 29, 2013 /PRNewswire/ --DuPont Fabros Technology, Inc.
(NYSE: DFT), today announced that the Company has executed a new lease
totaling 6.83 megawatts ("MW") with an existing super wholesale Fortune 50
customer for data center space at its Santa Clara, California facility
('SC1"). The rent for this lease is the same as their previous executed lease
within the building at the then escalated rate. In Phase I of SC1, this
tenant leased 2.28 MW of critical load for a term of 5.3 years, bringing Phase
I to 100% leased and 94% commenced. The estimated GAAP return on investment
of SC1 Phase I is 9.2%. The same Fortune 50 customer also pre-leased 4.55 MW
of critical load in Phase II of SC1. With this pre-lease, the Company has
commenced development of 9.10 MW of critical load in Phase IIA of SC1. Phase
IIA is currently 50% pre-leased and is expected to be completed in the second
quarter of 2014.

In addition, the company executed the following at its other data center
locations to date in the third quarter:

  oOne new lease in Piscataway, New Jersey ("NJ1") with a new Fortune 25
    tenant for 2.28 MW of critical load with a lease term of 7.6 years. The
    available critical load of NJ1 is now 52% leased and commenced, up from
    39%. The raised floor space is now 64% occupied up from 39% as this lease
    has a lower power density per square foot.
  oOne new lease in Reston, Virginia ("VA3") with the same Fortune 50
    customer referenced above for 2.60 MW of critical load with a lease term
    of 5.1 years. VA3 is now 71% leased and commenced, up from 51%.
  oAcquired 15 acres of vacant land in Elk Grove Village, Illinois to develop
    a second data center facility.

"We have remained consistently focused on leasing our available inventory and
are pleased to announce this significant execution towards our goal. Our
overall operating portfolio is now 94% leased and 93% commenced. The newly
acquired land in Chicago enables us to capture future demand in one of our
best markets and expand upon our campus environment," commented Hossein Fateh,
President and Chief Executive officer of DuPont Fabros Technology, Inc.

The tenant at NJ1 leased 12.5% of the total available critical load and
occupies 25% of the total raised floor space of Phase I. During the term of
the lease, the tenant has the right to utilize all or a portion of the
remaining available critical load up to 4.55 MW for their occupied space and
pay for the additional critical load at the then escalated rate. Should the
Phase I raised floor space become fully occupied and this tenant does not
fully utilize all of their available critical load, the Company anticipates
the remaining unused critical loadwill be diverted to Phase II. Should this
occur, the incremental development cost per MW will be lower compared to Phase
I, as there would be less infrastructure required.

As a result of the leasing and development activity noted above, the Company
has updated its 2013 Funds from Operations ("FFO") guidance for the full
year. The Company increased the low end from the prior range of $1.82 to
$1.92 per share to $1.88 to $1.92 per share. This is an increase of the
mid-point of $0.03 per share and represents the new lease commencements and
additional capitalized interest resulting from the commencement of the SC1
Phase IIA development. The low end of the 2013 guidance range continues to
assume no additional leases will be executed this year and excludes any
impacts from the contemplated refinancing of the $550 million unsecured
notes.

About DuPont Fabros Technology, Inc.
DuPont Fabros Technology, Inc. (NYSE: DFT) is a leading owner, developer,
operator and manager of enterprise-class, carrier-neutral, large
multi-tenanted wholesale data centers. The Company's facilities are designed
to offer highly specialized, efficient and safe computing environments in a
low-cost operating model. The Company's customers outsource their mission
critical applications and include national and international enterprises
across numerous industries, such as technology, Internet content providers,
media, communications, cloud-based, healthcare and financial services. The
Company's ten data centers are located in four major U.S. markets, which total
2.5 million gross square feet and 218 megawatts of available critical load to
power the servers and computing equipment of its customers. DuPont Fabros
Technology, Inc., a real estate investment trust (REIT) is headquartered in
Washington, DC. For more information, please visit www.dft.com.

Forward-Looking Statements Safe Harbor Statement
Certain statements contained in this press release may be deemed to be
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. The matters described in these forward-looking
statements include expectations regarding future events, results and trends
and are subject to known and unknown risks, uncertainties and other
unpredictable factors, many of which are beyond the company's control. The
company faces many risks that could cause its actual performance to differ
materially from the results contemplated by its forward-looking statements,
including, without limitation, the risk that its assumptions underlying its
full year and third quarter 2013 FFO guidance are not realized, the risks
related to the leasing of available space to third-party tenants, including
delays in executing new leases and failure to negotiate leases on terms that
will enable it to achieve its expected returns, risks related to the
collection of accounts and notes receivable, the risk that the company may not
complete an early redemption of the 8.5% senior notes due 2017. the risk that
the company may be unable to obtain new financing on favorable terms to
facilitate, among other things, future development projects, the risks
commonly associated with construction and development of new facilities
(including delays and/or cost increases associated with the completion of new
developments), risks relating to obtaining required permits and compliance
with permitting, zoning, land-use and environmental requirements, the risk
that the company will not declare and pay dividends as anticipated for 2013
and the risk that the company may not be able to maintain its qualification as
a REIT for federal tax purposes. The periodic reports that the company files
with the Securities and Exchange Commission, including its annual report on
Form 10-K for the year ended December 31, 2012 and its quarterly report on
Form 10-Q for the quarter ended June 30, 2013, contain detailed descriptions
of these and many other risks to which the company is subject. These reports
are available on our website at www.dft.com. Because of the risks described
above and other unknown risks, the company's actual results, performance or
achievements may differ materially from the results, performance or
achievements contemplated by its forward-looking statements. The information
set forth in this news release represents management's expectations and
intentions only as of the date of this press release. The company assumes no
responsibility to issue updates to the contents of this press release.

SOURCE DuPont Fabros Technology, Inc.

Website: http://www.dft.com
Contact: Mark L. Wetzel, Executive Vice President, Chief Financial Officer and
Treasurer, +1 (202) 728-0033; Christopher Warnke, Manager, Investor Relations,
+1 (202) 478-2330
 
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