Frankfurt am Main, July 2, 2008

Deutsche Bank provides update on second quarter 2008


Deutsche Bank (XETRA: DBKGn.DE/ NYSE: DB) announced today that, based on its current expectations, it anticipates reporting a profitable second quarter 2008 when it announces quarterly earnings as scheduled on 31 July. Based on this outcome the bank's Tier 1 ratio will remain in the region of 9 per cent and therefore the bank does not expect its financial performance in the second quarter to result in a requirement for further capital.


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)
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 and the assumptions underlying them. 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 26 March 2008 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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