Deutsche Bank's share capital may be increased by issuing new shares for cash and in some circumstances for noncash consideration. At December 31, 2003, Deutsche Bank had authorized but unissued capital of € 686,000,000 which may be issued at various dates through April 30, 2008 as follows:
| Authorized Capital | Authorized Capital | Expiration Date |
| excluding Shareholders' | ||
| Pre-Emptive Rights | ||
| € 300,000,000 | – | April 30, 2004 |
| – | € 30,000,000 | May 31, 2005 |
| € 128,000,0001 | – | April 30, 2006 |
| € 100,000,000 | – | April 30, 2007 |
| € 128,000,0001 | – | April 30, 2008 |
| 1 | Capital increase may be effected for noncash contributions with the intent of acquiring a company or holdings in companies. |
Deutsche Bank also had conditional capital of € 226,173,391. Conditional capital includes various instruments that may potentially be converted into common shares. At December 31, 2003, € 80,000,000 of conditional capital was available for participatory certificates with warrants and/or convertible participatory certificates, bonds with warrants, and convertible bonds which may be issued in one or more issuances on or before April 30, 2004. In addition, € 51,200,000 was for option rights available for grant until May 10, 2003 and € 64,000,000 for option rights available for grant until May 20, 2005 under the DB Global Partnership Plan. Also, the Board of Managing Directors was authorized at the shareholders’ meeting on May 17, 2001 to issue, with the consent of the Supervisory Board, up to 12,000,000 option rights on Deutsche Bank shares on or before December 31, 2003. For this purpose there was a conditional capital of € 30,973,391 of which € 9,292,250 was used under the DB Global Share Plan. These plans are described below.