Wells REIT II Declares 3rd Quarter 2008 Distribution

WELLS REIT II DECLARES 3rd QUARTER 2008 DISTRIBUTION

NORCROSS, Ga. (June 3, 2008) - Wells Real Estate Investment Trust II Inc. announced today its Board of Directors has declared a quarterly distribution totaling $0.15 per share for its third quarter of 2008.

The distribution will be calculated on a daily basis and paid in September 2008 to shareholders of record during the period from June 16, 2008, through Sept. 15, 2008. The distribution is unchanged for the 17th consecutive quarter.

REIT quarterly distributions may include dividend income as well as return of capital and capital gains. Wells REIT II, with more than 100,000 active investors, is a public, nontraded REIT focused primarily on Class-A office and industrial properties.

Currently, the Wells REIT II portfolio includes 77 office and industrial buildings in 23 states and Washington, D.C., covering 18 million square feet, and totaling more than $4 billion based on purchase price. The weighted-average credit rating of those tenants rated by Standard & Poorżs is BBB+, and the portfolio is 98 percent leased. For information on Wells REIT II, visit www.wellsreitII.com.

Wells Real Estate Funds is a national real estate investment company based in suburban Atlanta. Since its founding in 1984, Wells has invested more than $11 billion in real estate for more than 200,000 investors. Visit Wells online at www.wellsref.com.

Past results do not guarantee future results. This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as żmay,ż żwill,ż żexpect,ż żintend,ż żanticipate,ż żestimate,ż żbelieve,ż żcontinue,ż or other similar words. Readers of this press release should be aware that there are various factors that could cause actual results to differ materially from any forward-looking statements made in this release. Factors that could cause or contribute to such differences include, but are not limited to, changes in general economic and business conditions, industry trends, changes in government rules and regulations (including changes in tax laws), and increases in interest rates. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. This is neither an offer nor a solicitation to purchase securities. Such an offer can be made only by prospectus. To obtain a prospectus, please contact Wells Investment Securities, Inc., 6200 The Corners Parkway, Norcross, Ga. 30092-3365 (tel. 800-448-1010). For SEC filings: www.wellsref.com/investmentproducts/reit/secfilings.html.