March 17, 2006

Deutsche Bank's Research Team ranked Number One in EMEA Region by Institutional Investor

Deutsche Bank is pleased to announce that its research team has been ranked first across the Emerging Europe, Middle East and Africa (EMEA) region in the 2006 Institutional Investor (II) Emerging EMEA Research Team survey, up from second position in 2005.

The annual II survey determines the best sell-side equity research coverage in the region by surveying investors on a global basis.

Deutsche Bank's strength in various sectors across EMEA was reflected in a top ranking position for its Equity Strategy research and strong second place positions in the Telecoms, Metals & Mining and Economics sectors.

Additionally, in the Country analysis category, Deutsche Bank received first place for its South African research, second placed rankings for both Russia and Turkey, and third position for Poland.

David Folkerts-Landau, Global Head of Research commented: "These excellent results validate Deutsche Bank's integrated research approach in addition to demonstrating strong client commitment to the EMEA region, and the bank's continued focus on extending its footprint in the area."

For further information, please call:

Deutsche Bank

Stephanie Smart (44 20) 7545 2908
Press & Media Relations


About Deutsche Bank

With Euro 993 billion in assets and 63,427 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

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.