June 15, 2006

Joerg Bongartz has been appointed chairman of the board of Deutsche Bank ltd., Russia

Deutsche Bank today announced that Joerg Bongartz has been
appointed Chairman of the Board of Deutsche Bank Ltd., Russia. Based in Moscow, Bongartz will report to Jorge Calderon, Global Head of Financial Institutions Group (FIG), and Charles Ryan, CCO and CEO, Deutsche Bank Group in Russia.

Beside his new role as Chairman of the Board of Deutsche Bank Ltd. Russia, Bongartz will
continue to be responsible for heading both Deutsche Bank’s Global Transaction Banking and FIG operations for Russia.

Bongartz has been with the bank since 1982, most recently in a dual role as Head of Relationship Management for FIG, Central and Southeast Europe and CIS states, responsible for large commercial banks, central banks and governmental entities in the region and as Head of Cash Management Sales Financial Institutions CEE/CIS, covering USD and EUR cash products for all FIG customers in the region.

Charles Ryan, CCO and CEO, Deutsche Bank Group in Russia commented: “Joerg has a longterm experience of working with Deutsche Bank Group. I am confident that his extensive knowledge of Russian market and strong relationships will add tremendously to the success of Deutsche Bank in Russia”.

Jorge Calderon Global Head of FIG added: “Bongartz brings with him a wealth of experience and an excellent in-depth understanding of the FIG sector. Bongartz’s background in this field will be extremely valuable as we continue to build on our success and expand our presence in the Russian FIG market.”

For further information, please call:

Deutsche Bank
Olga Podoinitsyna, Communications and Marketing
Tel: (+7 495) 797 5303

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 Euro 992 billion in assets and 63,427 employees, Deutsche Bank offers unparalleled financial services in 73 countries 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 Ltd. (Deutsche Bank Moscow) was established in April 1998. The Bank is a wholly-owned subsidiary of Deutsche Bank AG. Deutsche Bank Moscow has become one of the largest foreign banks in Russia. Deutsche Bank Moscow provides local and international, corporate and private clients with a broad range of financial services, comprising corporate finance and advisory, sales, trading, 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.
Deutsche Bank in Russia


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