Frankfurt am Main, July 28, 2005

Deutsche Bank reduces Daimlerchrysler stake to 6.9 per cent


Deutsche Bank (XETRA:DBKGn.DE/NYSE:DB) today reduced its stake in DaimlerChrysler AG from 10.4 per cent to 6.9 per cent. The bank placed 35 million shares with institutional investors. The proceeds are nearly EUR 1.4 billion, resulting in a pre-tax profit of approximately EUR 300 million.

The transaction forms part of Deutsche Bank's ongoing policy of disposing of its remaining shareholdings in listed companies.

For further information, please contact:

Press and Media Relations 

+49 69 910 43800 (Frankfurt) 

db.presse@db.com  

 

Investor Relations

+49 69 910 35395 (Frankfurt)
+1 212 250 7125 (New York)
db.ir@db.com

 

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 Business Realignment Program; 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 www.deutsche-bank.com/ir.

 




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