DGAP-Adhoc: Deutsche Bank AG: Deutsche Bank resolves on

Deutsche Bank AG / Capital Increase

22.09.2008 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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The management board of Deutsche Bank AG resolved today, with the approval
of the supervisory board, to execute a capital increase, which is intended
to raise gross proceeds of approximately Euro 2.0 billion. The purpose of
the capital increase is to finance the acquisition of a minority stake of
29.75 per cent in Deutsche Postbank AG from Deutsche Post AG and to
maintain the strong equity capitalisation also following the acquisition.

It is intended to issue up to 40 million new registered shares without par
value from authorised capital without subscription rights. The new shares
will have full dividend entitlement for the fiscal year 2008. They will be
placed with institutional investors by way of an accelerated bookbuilt
offering. There will be no public offering. Deutsche Bank AG is acting as
sole bookrunner for the offering.

The securities of Deutsche Bank AG mentioned in this release have not been
registered under the Securities Act of 1933, as amended ('Securities Act')
and may not be offered, sold or delivered within the United States absent
registration under the Securities Act or an exemption from registration
requirements.
DGAP 22.09.2008 
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Language:     English
Issuer:       Deutsche Bank AG
              Theodor-Heuss-Allee 70
              60486 Frankfurt a. M.
              Deutschland
Phone:        +49 (0)69 910-00
Fax:          +49 (0)69 910-38 591
E-mail:       Deutsche.Bank@db.com
Internet:     www.deutsche-bank.de
ISIN:         DE0005140008
WKN:          514000
Indices:      DAX, EURO STOXX 50
Listed:       Regulierter Markt in Berlin, Frankfurt (Prime Standard),
              Hannover, Düsseldorf, Stuttgart, München, Hamburg;
              Terminbörse EUREX; Foreign Exchange(s) NYSE
End of News                                     DGAP News-Service
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DGAP-Adhoc: Deutsche Bank AG: Deutsche Bank resolves on capital increase
