July 5, 2005

Deutsche Bank adds Harlan Wakoff as Head of Media M&A in the Americas

Deutsche Bank Securities Inc. today announced that Harlan Wakoff has joined the firm as a Managing Director in the Media and Telecom investment banking group and Head of Media M&A in the Americas. Wakoff is based in New York and reports to James Stynes, Head of Mergers and Acquisitions in the Americas, and Chris Johnson, Head of Media industry coverage and Co-Head of Media & Telecom Investment Banking in the Americas.

Wakoff joins Deutsche Bank after six years at J.P. Morgan Chase & Co., where he was a Managing Director specializing in media M&A. He has more than 12 years of M&A and capital markets experience, focused on the media and telecommunications sectors.

"The media sector is in the midst of dynamic change, and Harlan's extensive knowledge of the industry and its key players will be a valuable resource as we help position our clients for the future," said Johnson.

"Harlan is a skilled M&A expert who knows the media and telecom landscape extremely well," said Stynes. "We believe he will be a strong contributor as we continue to build momentum in our M&A business."

"We continue to see tremendous potential for consolidation in the media and telecom sectors, and Harlan's experience and client relationships will contribute greatly to our strategic dialog with clientsin these important industries," said Jacques Brand, Co-Head of Corporate Finance Coverage in the

Wakoff earned an MBA from The Wharton School at the University of Pennsylvania and a BS degree in accounting from State University of New York at Albany.

For further information, please call:

Ted Meyer
Media Relations, Deutsche Bank

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With Euro 901 billion in assets and 64,500 employees, Deutsche Bank <NYSE: DB> offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to bethe leading global provider of financial solutions for demanding clients, creating exceptional value
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Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private and business banking franchise in Germany and other selected countries in Continental Europe.

Deutsche Bank Securities Inc. is the investment banking and securities arm of Deutsche Bank AG in the United States.