IR Releases - Archive

October 24, 2002

Deutsche Bank sells its stake in Deutsche Börse AG

Deutsche Bank has sold its 9.3 per cent stake totalling 10.4 million shares in Deutsche Börse AG. The shares valued at approx. Euro 360 million were placed today with institutional investors. The sale was heavily oversubscribed. Most of the proceeds from the sale will be reported as capital gains. The sale price of Euro 34.50 per share included a discount of 1 per cent on the Xetra closing price on Wednesday.

This transaction continues Deutsche Bank's strategy of divesting the holdings in listed companies. Josef Ackermann, Chairman of the Group Executive Committee of Deutsche Bank, says: "Although Deutsche Bank will no longer be a shareholder in Deutsche Börse, we will remain an important customer of the exchange and look forward to continuing our traditionally close relationship."

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