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November 23, 2007

Deutsche Bank Russia’s Legal Department wins Best Legal Departments of Russia 2007 contest

The Legal Department of Deutsche Bank Russia was conferred the title of the Best Legal Department in the Investment Banks category. The contest’s main award – a cup emblazoned with the name of the winner – was presented to the department’s head Konstantin Olefir in a solemn ceremony.

The Best Legal Departments of Russia 2007 contest, organized by the Corporate Lawyer magazine in partnership with Pynes & Moerner Executive Search Consultants, was held on November 22, 2007. The aims of the contest are to acknowledge the role of corporate lawyers in the business community, and to improve the quality of corporate legal services.

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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