April 3, 2006

Deutsche Bank appoints Head of M&A for CEMA

Deutsche Bank today announced that Andrew Chulack will join the firm in June 2006 as Head of M&A for Central & Eastern Europe, Middle East and Africa (CEMA). Chulack, who will be based in London, will report to Tony Burgess, Head of M&A for Europe.

In his new role, Chulack will be responsible for originating and developing the M&A business in the CEMA region. He will work closely with regional and industry teams in providing strategic counsel and transaction execution to clients across a broad range of sectors.

Deutsche Bank has a leading investment banking platform in the CEMA region, which it has strengthened by the recent acquisitions of UFG, in January of this year and Istanbul based Bender Securities, in 2005.

Chulack joins from a ten year career at Merrill Lynch, most recently in the position of Managing Director and Head of M&A for the CEMA region, focusing on the Resources sector and on the development of the Russian/Ukrainian franchise. Prior to that, he was a Strategy Consultant for Cannon Associates.

During his time at Merrill Lynch, Chulack worked on a number of major transactions in the CEMA region including advising BP on its joint venture with TNK, Harmony on its hostile offer to acquire Gold Fields, Telefonica on its acquisition of Czech Telecom, Heineken on its acquisition of PIT, Bank Aval on its sale to Raiffeisen and Ukrsotsbank on its sale to Intesa.

Our CEMA franchise has developed significantly over the past few years and is now a key focus for our M&A business, said Tony Burgess, Head of M&A for Europe. Andrew has earned a reputation as a leading adviser in the CEMA region, and he will be a major asset to the Bank as we continue to strengthen our presence in these markets.

For further information, please call:

Deutsche Bank
Joanna McCulloch (+44 20) 7545 6941
Press & Media Relations

About Deutsche Bank Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 992 billion in assets and 63,427 employees, Deutsche Bank offers unparalleled financial services in 73 countries throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.