Frankfurt am Main, November 22, 2005

Deutsche Bank reduces DaimlerChrysler stake further to 4.4 per cent


Deutsche Bank (XETRA:DBKGn.DE/NYSE:DB) today reduced its stake in DaimlerChrysler AG from 6.9 per cent to 4.4 per cent. The bank placed 25 million shares, equivalent to 2.5 per cent, with institutional investors. The shares were sold for € 43.20 per share. The proceeds are nearly EUR 1.1 billion, resulting in a pre-tax profit of more than EUR 300 million. The selling shareholder is DB Equity S.à r.l., Luxembourg, a fully owned Deutsche Bank Group company.

As with previous placements the transaction is part of Deutsche Bank's ongoing policy of disposing of its remaining shareholdings in listed companies.

 


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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.

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