Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today announced in the form of a compulsory notification pursuant to the German Securities Trading Act that on 21 March 2007 the holdings of its own shares fell below the threshold of 5 per cent and is now 4.6 per cent.

 

The drop below the 5 per cent is attributable to share awards granted to Deutsche Bank staff, which are covered with treasury shares.

A detailed update on the progress of the current share buyback program will be provided with the release of Deutsche Bank’s 1Q2007 results on 8 May 2007.