IR Releases - Archive

October 8, 2002

Deutsche Bank acquires stake in Springer

Deutsche Bank today announced the acquisition of a 40 per cent stake in Axel Springer Verlag AG at a price of Euro 667.3 million. The stake was bought in a public auction held in Frankfurt today. The 13,617,900 shares had been collateral for a loan which Deutsche Bank had extended to the Kirch group. The collateral was offered for sale because the Kirch group failed to repay the loan.

Deutsche Bank intends to sell the aquired shares in parts or completely as soon as it receives adequate offers. The bank is already in talks to sell a stake of 10 per cent of the equity capital of Axel Springer Verlag AG to Mrs. Friede Springer. Deutsche Bank will ask the German Financial Supervisory Authority (BAFin) to be excused from the obligation to make a takeover bid for all outstanding shares. Deutsche Bank does not intend to use the voting rights of its temporary financial investment.

This Investor Relations Release contains forward-looking statements. Forward-looking statements are statements that are not historical facts, including statements about our beliefs and expectations. Any statement in this Investor Relations Release that states our intentions, beliefs, expectations or predictions (and the assumptions underlying them) is a forward-looking statement. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

Forward-looking statements involve inherent risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our trading revenues; potential defaults of borrowers or trading counterparties; the implementation of our restructuring including the envisaged reduction in headcount; the reliability of our risk management policies, pro-cedures and methods; and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of March 27, 2002 on pages 9 through 13 under the heading "Risk Factors." Copies of this document are readily available upon request or can be downloaded stated below.

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