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November 23, 2007

Deutsche Bank hailed as Russia’s Best International Investment Bank in 2007

Deutsche Bank was awarded the Big Money prize in the Investment Bank of the Year category based on the results of the annual vote held on November 21, 2007, at the Banker’s Day reception/presentation organized by the Russian weekly “Itogi” magazine and the Russian Union of Industrialists and Entrepreneurs together with Fitch Ratings, one of the world’s leading rating agencies.

During the event, financial results of the year were assessed by the Russian financial elite, general managers of more than 80 leading Russian and CIS banks and investment companies, representatives of government ministries and agencies and the Administration of the President of the Russian Federation, including Aleksey Kudrin, Vice Premiere and Minister of Finance of the Russian Federation; Konstantin Korishchenko, Deputy Chairman of the Board, Bank of Russia; Aleksey Ulyukayev, First Deputy Chairman of the Board, Bank of Russia; Arkadiy Dvorkovich, Chief, Expert Division, Office of the President of the Russian Federation; Andrey Kostin, President, Vneshtorgbank; Vladimir Dmitriev, Chairman of the Board, Vnesheconombank and others.

Charles Ryan, Chief Country Officer and Chief Executive Officer of Deutsche Bank Group in Russia, extended his gratitude to all those present on behalf of the Bank and all its employees.

Fitch Ratings

Fitch Ratings is a leading international rating agency offering rating services to the largest and most important financial institutions throughout the world. When rating financial institutions, Fitch Ratings takes into consideration all aspects of their operations, including balance sheet integrity, risk management, profitability, etc.

For further information, please call:

Deutsche Bank

Olga Podoinitsyna
+7 (495) 797 5303
db.moscow@db.com

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 75,140 employees in 75 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 ranks among the global leaders in corporate banking and securities, transaction banking, asset management and private wealth management. It has a significant private and business banking franchise in Germany and other selected countries in Continental Europe.

Deutsche Bank Ltd. was established in April 1998 in Moscow and is a wholly-owned subsidiary of Deutsche Bank AG. Deutsche Bank Ltd. has become one of the leading foreign banks in Russia, providing local and international, corporate and private clients with a broad range of financial services, including corporate finance and advisory, sales, trading and transaction banking as well as private wealth management and asset management services. The Bank includes the largest Russian and multinational companies among its client base.

As of 1 July 2007, Deutsche Bank Ltd. had assets of Rb 41,552 mn and its capital was Rb 4,976 mn. Net income for the first six months of 2007 stood at Rb 51 mn (under Russian GAAP).



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