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Frankfurt am Main, March 27, 2007

Deutsche Bank publishes 2006 Annual Report

Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today published its Annual Report for the 2006 financial year in a new modern lay-out. The Annual Report consists of an Annual Review and a Financial Report.

The Financial Report contains the consolidated financial statements and a comprehen-sive management report with a detailed discussion of the targets of the bank. The illus-trated Annual Review informs about the corporate profile, the divisions and the bank‘s relations with its stakeholders.

Josef Ackermann, Chairman of the Management Board, writes in his letter to share-holders, "2006 was a year of great success and achievement for Deutsche Bank. Pre-tax profits rose 33% to EUR 8.1 bn. We look forward with confidence that if the business environment remains stable, we can maintain our profitable growth momentum.”

The Financial Report contains the audited consolidated financial statements for the 2006 financial year which for the last time has been prepared according to U.S. GAAP. From 2007 onwards the bank will report according to IFRS. On 19 April Deutsche Bank will publish a Transition Report.

Integrated into the Financial Report is a comprehensive Risk Report and the Corporate Governance Report, the latter containing the Compensation Report. In 2006 the total compensation paid to the Management Board was EUR 32.9 million. Total compensa-tion paid to Josef Ackermann, Chairman of the Management Board, was EUR 13.2 mil-lion after EUR 11.9 million in the previous year. It consists of a base salary of EUR 1.2 million and a performance-related component of 12.0 million.

The Annual Review, the Financial Report and additional publications, such as a list of shareholdings and a list of mandates, can be retrieved from Deutsche Bank's website at Also available on this website is the final version of the 4Q2006 Financial Data Supplement and the Form 20-F submitted to the U.S. Securities and Exchange Commission (SEC).

IR Releases on Financial Results 2015
IR Releases on Financial Results 2014
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