Deutsche Bank AG ensures, except in the case of political risk, that the following companies are able to meet their contractual liabilities:
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DB Investments (GB) Limited, London Deutsche Asset Management International GmbH, Frankfurt am Main (formerly: Deutsche Asset Management GmbH) Deutsche Asset Management Investmentgesellschaft mbH vormals DEGEF Deutsche Gesellschaft für Fondsverwaltung mbH, Frankfurt am Main Deutsche Australia Limited, Sydney Deutsche Bank Americas Holding Corp., New York/USA (formerly: Deutsche Bank North America Holding Corp.) Deutsche Bank Luxembourg S.A., Luxembourg Deutsche Bank (Malaysia) Berhad, Kuala Lumpur Deutsche Bank Polska S.A., Warsaw Deutsche Bank (Portugal), S.A., Lisbon (formerly: Deutsche Bank de Investimento, S.A.) Deutsche Bank Rt., Budapest Deutsche Bank S.A., Buenos Aires Deutsche Bank S.A. – Banco Alemão, São Paulo |
Deutsche Bank S.A./N.V., Brussels Deutsche Bank, Sociedad Anónima Española, Barcelona Deutsche Bank Società per Azioni, Milan Deutsche Bank (Suisse) S.A., Geneva Deutsche Futures Singapore Pte Ltd., Singapore (formerly: Deutsche Morgan Grenfell Futures Pte Ltd.) Deutsche Morgan Grenfell Group plc, London Deutsche Securities Asia Limited, Hong Kong Deutsche Securities Limited, Hong Kong (formerly: Deutsche Morgan Grenfell Capital Markets Limited) DWS Holding & Service GmbH, Frankfurt am Main (formerly: Deutsche Asset Management Europe GmbH) DWS Investment GmbH, Frankfurt am Main (formerly: DWS Deutsche Gesellschaft für Wertpapiersparen mbH) DWS Investment S.A., Luxembourg (formerly: DB Investment Management S.A.) OOO Deutsche Bank, Moscow Schiffshypothekenbank zu Lübeck Aktiengesellschaft, Hamburg |
1 Companies with which a profit and loss transfer agreement exists are marked in the List of shareholdings.

