At the Annual General Meeting on May 26, 2009, the shareholders again authorized us to re-purchase our own shares in a volume equivalent to up to 10 % of the share capital, until October 31, 2010. As a result, this authorization replaced the one from 2008. The Management Board decided in July 2009 to buy back 11.7 million Deutsche Bank shares for equity-based compensation of employees. In the course of this share buyback which was implemented between July 30, 2009 and August 12, 2009 Deutsche Bank repurchased a total of 11,672,726 shares or 1.9 percent of the share capital. In total, this is equivalent to a value of € 542 million.

As at September 30, 2009, the number of shares held in Treasury from buybacks totalled 1.0 million. This figure stems from 8.1 million shares at the beginning of the year, plus 11.7 million shares from buybacks, less 18.8 million transferred to fulfil delivery obligations in the course of share-based compensation of employees. Since our Annual General Meeting in 2008, we have not cancelled any shares.

In the course of share buyback programs from the start of our first program in mid-2002 until the end of May 2008, we repurchased a total of 223 million shares worth € 14.8 billion and cancelled 118 million Deutsche Bank shares with a value of € 7.2 billion. Including the share buybacks in July/August 2009, we repurchased a total of 235 million shares worth € 15.3 billion.


Overview of all Deutsche Bank share buybacks from mid-2002 until September 30, 2009:

Reports
Share Buyback Program 2009/10: Progress Report 3Q09	[PDF / 5 KB]
No Share Buyback Program 2008/9
Share Buyback Program 2007/8: Final Report	[PDF / 17 KB]
Share Buyback Program 2006/7: Final Report	[PDF / 40 KB]
Share Buyback Program 2005/6: Final Report	[PDF / 20 KB]
Share Buyback Program 2004/5: Final Report	[PDF / 66 KB]
Share Buyback Program 2003/4: Final Report	[PDF / 69 KB]
Share Buyback Program 2002/3: Final Report	[PDF / 13 KB]