Deutsche Bank AG (XETRA: DBKGn.DE / NYSE: DB) today announced in the form of a compulsory notification pursuant to the German Securities Trading Act that on 14 March 2005 its holdings of its own shares exceeded the threshold of 5 per cent and is now 5.017 per cent. The continued execution of the current buyback program pushed the inventory above the reporting limit.
By 14 March 2005, Deutsche Bank had bought back 39.5 million shares, or 7.2 per cent of shares issued. The difference between the repurchase volume and the current inventory mainly results from the use of own shares in February 2005 to hedge share awards granted to Deutsche Bank staff.
The usual detailed update on the progress of the current share buyback program will be provided with the release of Deutsche Bank’s 1Q2005 results on 29 April 2005.
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+49 69 910 35395 (Frankfurt)
+1 212 250 7125 (New York)
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 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 25 March 2004 in the section "Risk Factors." Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir.