December 21, 2005

Deutsche Bank sells 21.16% of Atradius

Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) today announced that it has signed binding agreements to sell 21.16% in Atradius N.V., the Amsterdam based credit insurer, to Credito y Caucion, Madrid, and Seguros Catalana Occidente, Barcelona.

Following the transaction, which is valued at EUR 208m, Deutsche Bank will retain a 12.73% stake in Atradius. The closing of the transaction is subject to anti-trust and regulatory approvals and is to be expected in the first quarter 2006.

At the same time Sal. Oppenheim jr. & Cie. KGaA signed binding agreements to sell 3.86% in Atradius to Credito y Caucion and Seguros Catalana Occidente.

The sale is another step in Deutsche Bank's ongoing policy of disposing of non-core assets.


For further information, please contact:

Press and Media Relations 
Ronald Weichert         
+49 69 910 38664 (Frankfurt)     

Investor Relations
+49 69 910 35395 (Frankfurt)
+1 212 250 7125 (New York)


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