Deutsche Bank completes sale of UK-based asset management businesses

This disposal allows Deutsche Bank to create a stronger, more focused asset management business that can provide greater value to its clients and shareholders.

The sale of Deutsche Asset Management's Philadelphia-based Active Fixed Income business will be completed around 30 November 2005.

For further information, please call:

Deutsche Bank

Jezz Farr                               
(44 20) 7545 7506     
London

Klaus Winker                        
(49 69) 9103 2249     
Frankfurt

About Deutsche Bank

With Euro 964 billion in assets and 63,652 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private and business banking franchise in Germany and other selected countries in Continental Europe.

Deutsche Asset Management (DeAM) is the global asset management business of Deutsche Bank AG, with AUM of US$723 billion (as of 6/30/05). DeAM is one of the world's leading investment management organisations. DeAM provides asset management capabilities to a variety of clients worldwide including foundations, non-profit organisations, public and private superannuation funds, high-net-worth individuals and retail investors.

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