`DRG04` is a distinctive variety of Dianella revoluta, which is characterized by the combination of a dense compact clumping habit with red basal shoots and a slight weeping of clumps with age. `DRG04` is further characterized by its glaucous leaves, which result in a two-toned leaf colour when viewed from a distance, with a glossy green upper side leaf colour and a dull green (slightly blue-toned) lower side leaf colour. When observed up-close the leaves are a yellow-green. `DRG04` is also distinguished by the ability to be easily and productively propagated by division.