October 10, 2008

Qualification of Contingent Capital as Tier 1

Deutsche Bank (XETRA: DBKGn.DE/ NYSE: DB) has elected to qualify the following Contingent Capital transactions as Tier 1 capital:

Deutsche Bank Contingent Capital Trust IV 
EUR 1bn
(ISIN: DE000A0TU305)

Deutsche Bank Contingent Capital Trust V     
USD 1.265bn 
(ISIN: US25150L1089)

The effect of such qualification is that distributions on the securities will be made on a non-cumulative rather than cumulative basis from the current payment period onwards and that the securities will rank pari passu with Deutsche Bank’s other hybrid Tier 1 securities.

Distributions will continue to be paid at the same rate, namely 8.00% and 8.05% respectively, post qualification.

The rationale for the qualification is to further strengthen Deutsche Bank’s capital base.

For further information, please call:

Deutsche Bank

Press and Media Relations 

+49 69 910 43800 (Frankfurt) 

Investor Relations

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