IR Releases - Archive

Frankfurt , November 13, 2003

Deutsche Bank has sold its stake in Greek EFG Eurobank Ergasias

Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) has sold its entire 9.3 per cent stake totalling 29.2 million shares in Greek EFG Eurobank Ergasias. The book was well covered. The shares were placed with Greek and international institutional investors at Euro 13.20. 
This transaction continues Deutsche Bank's strategy of divesting holdings in other listed companies. The existing cooperation agreement between EFG Eurobank Ergasias and Deutsche Bank remains unaffected. Deutsche Bank continues its successful business activities in the Greek financial markets.

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 enivsaged reduction in headcount; the reliability of our risk management policies, procedures 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, 2003 on pages 9 through 13 under the heading "Risk Factors."  Copies of this document are readily available upon request or can be downloaded from

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