May 4, 2007

Deutsche Bank signs sale-leaseback agreement with Paramount Group for 60 Wall Street property

Deutsche Bank AG (XETRA: DBKGn.DE / NYSE: DB) has today announced an agreement for the sale of its North American headquarters property at 60 Wall Street to Paramount Group, Inc. The buyer is the largest international owner of prime Class A office properties in New York and a leading U.S. office investment and management firm. Simultaneous with the sale, Deutsche Bank has entered into a 15-year leaseback arrangement with Paramount for the entire facility.

The sale of the property for USD 1,180 million (EUR 868 million) is expected to produce a pre-tax gain of approximately EUR 320 million in 2007. Further details of the agreement were not disclosed.

The property is a 47-story, 1.6 million square foot Class A office building which Deutsche Bank purchased in 2001. The facility will remain Deutsche Bank’s North American headquarters, and the number of Bank employees in the facility is not expected to change.

Deutsche Bank Securities Inc. acted as advisor to the Bank and CB Richard Ellis provided real estate consulting services.  Deutsche Bank’s Commercial Real Estate Group is providing financing to Paramount in conjunction with the transaction.

For further information, please call:

Deutsche Bank

Press & Media Relations    

Ted Meyer      

Ronald Weichert      
49-69-910-38664 (Frankfurt)   

Investor Relations

212-250 7125
49-69-910-35395 (Frankfurt)


About Deutsche Bank

Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) 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 68,849 employees in 73 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.

Deutsche Bank Securities Inc., member NYSE, NASD and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States.


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