October 21, 2009

Deutsche Bank expects third-quarter 2009 net profit of approximately EUR 1.4 billion

Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) expects that the pre-tax income for the third quarter 2009 will be in the range of EUR 1.3 billion. Moreover, Deutsche Bank anticipates tax credits for the quarter, reflecting primarily the impact of tax exempt income as well as the successful resolution of a number of tax audits relating to prior years. As a result of these factors, net income is currently estimated of approximately EUR 1.4 billion. The Tier 1 capital ratio is expected to be approximately 11.7 per cent at the end of the third quarter. It is expected that all business segments will report positive results.

All figures remain preliminary and subject to revision. The third-quarter Earnings Release and Interim Report will be published, as scheduled, on 29 October 2009.

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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 78,896 employees in 72 countries, Deutsche Bank offers unparalleled financial services 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.


This release also 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 strategic initiatives, 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 24 March 2009 under the heading "Risk Factors." Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir .