July 28, 2005

Clarification of comments made by Dr. Clemens Börsig, Deutsche Bank Group CFO, on quarterly results conference call with analysts

Dr. Clemens Börsig, Group CFO of Deutsche Bank, made a statement this morning regarding the Bank's position on its 10.4% stake in DaimlerChrysler AG (DCX). This statement was made in response to a question related to ongoing discussions on capital gains tax in Germany, during the Bank's quarterly results conference call at 9:00am CET. 

This call took place prior to today's announcements from DCX. Deutsche Bank notes today's movement in the stock price of DCX. For clarification, Deutsche Bank reaffirms its previously-announced intention to continue its disposal of DCX shares, subject to the appropriate market and economic conditions.

For further information, please call:

Deutsche Bank

Kirsten Siersleben +49 69 910 38079
Jezz Farr  +49 69 910 33406