Frankfurt am Main, November 3, 2006

Deutsche Bank closes its acquisition of norisbank branches


Deutsche Bank (XETRA: DBKGn.DE/ NYSE: DB) today announced that it concluded its partial acquisition of norisbank. As a result, 98 branches of the Nuremberg-based norisbank AG along with the associated client portfolio and “norisbank” brand name have been legally transferred to Deutsche Bank. The acquired business will be operated as norisbank GmbH.

The new management of the Frankfurt-based norisbank GmbH comprises Dr. Hans-Martin Kraus, Chairman of the Management, Thomas Klee, responsible for Direct Sales, Jörg Höhling, responsible for Product Management, Production and IT, and Harald Mögebauer, responsible for Branch Sales.


For further information, please contact:

Press and Media Relations   

Alfredo Flores +49 69 910 47300   
Michael Lermer +49 69 910 31325 

Investor Relations

+49 69 910 35395
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 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 23 March 2006 on pages 7 through 13 under the heading "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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