Useful information on the Deutsche Bank share 

At year-end 2004, Deutsche Bank’s market capitalization stood at € 35.5billion (year-end 2003: € 38.2billion), ranked 23rd among international banks. Deutsche Bank had a weighting of 7.8% in the DAX at the end of 2004. Total turnover in our share was € 152.7billion, third highest among DAX stocks.

Market listings of our share. The Deutsche Bank share is listed on all German stock exchanges as well as in New York, Tokyo, Amsterdam, Brussels, London, Luxembourg, Paris, Vienna and in Switzerland. In 2004 trading on the Xetra platform of Deutsche Börse accounted for approximately 97.5% of turnover in our shares. The New York Stock Exchange (NYSE) accounted for most of the remaining trading volume. In 2004, there was some discussion among European companies regarding the costs and regulatory burdens associated with a presence on the New York Stock Exchange. We review all our foreign market listings on a regular basis; however, as a global bank and leading investment banking firm offering high-value products to demanding clients, we remain firmly of the opinion that delisting our share in New York is currently not in the interests of our business, nor of our shareholders.