IR Releases - Archive

Frankfurt am Main, December 21, 2005

Supervisory Board of Deutsche Bank on the German Supreme Courts decision

The Supervisory Board has noted the German Supreme Court's decision in the so-called Mannesmann proceedings. The Supervisory Board regrets that the decision of the Düsseldorf District Court has not been confirmed and that the proceedings must be resumed before the Düsseldorf District Court.

The Supervisory Board expresses once again its unrestricted trust in Dr. Ackermann and thanks him for the responsible manner in which he has faced the proceedings so far and will face the proceedings in future.

It also conveys its respect to Dr. Ackermann for the way in which, despite the additional burdens caused by these proceedings, he has devoted his efforts unswervingly and with great success to the interests of Deutsche Bank.

The Supervisory Board has no doubt that Dr. Ackermann will continue his work successfully and will support him in doing so.

This Release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations. Any statement in this 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.

By their very nature, forward-looking statements involve 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 management agenda; 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 24 March 2005 in the section "Risk Factors." Copies of this document are readily available upon request or can be downloaded from

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