Deutsche Bank Interim Report as of September 30, 2007

	Nine months ended
	Sep 30, 2007	Sep 30, 2006
Share price at period end	€ 90.38	€ 95.16
Share price high	€ 118.51	€ 100.20
Share price low	€ 87.16	€ 80.74
Basic earnings per share	€ 11.66	€ 9.04
Diluted earnings per share¹	€ 11.13	€ 8.05
Average shares outstanding, in m., basic	473	468
Average shares outstanding, in m., diluted	496	522
Return on average total shareholders’ equity (post tax)	20.8 %	19.5 %
Pre-tax return on average total shareholders’ equity	27.5 %	29.5 %
Pre-tax return on average active equity	33.1 %	34.4 %
Net asset value per shares issued²	€ 69.65	€ 56.92
Net asset value per basic shares outstanding³	€ 77.41	€ 63.22
Cost/income ratio⁴	67.6 %	69.1 %
Compensation ratio⁵	42.2 %	44.2 %
Non-compensation ratio⁶	25.4 %	24.9 %
	in € m.	in € m.
Total revenues	23,454	21,318
Provision for credit losses	283	168
Total noninterest expenses	15,859	14,726
Income before income tax expense	7,312	6,424
Net income	5,540	4,251
	Sep 30, 2007	Dec 31, 2006
	in € bn.	in € bn.
Total assets	1,879	1,572
Shareholders’ equity	36.8	32.7
BIS core capital ratio (Tier I)	8.8 %	8.5 %
	Number	Number
Branches	1,868	1,717
thereof in Germany	991	934
Employees (full-time equivalent)	77,920	68,849
thereof in Germany	27,799	26,401
Long-term rating
Moody’s Investors Service	Aa1	Aa3
Standard & Poor’s	AA	AA–
Fitch Ratings	AA–	AA–

The reconciliation of average active equity and related ratios is provided here.
1	Including numerator effect of assumed conversions. The effect for the nine months ended September 30, 2007 and 2006 was € 0.00 and € (0.05), respectively.
2	Net asset value per shares issued is defined as shareholders’ equity divided by the number of shares issued (both at period end).
3	Net asset value per basic shares outstanding is defined as shareholders’ equity divided by the number of basic shares outstanding (both at period end).
4	Total noninterest expenses as a percentage of total net interest revenues before provision for credit losses plus noninterest revenues.
5	Compensation and benefits as a percentage of total net interest revenues before provision for credit losses plus noninterest revenues.
6	Non-compensation noninterest expenses, which is defined as total noninterest expenses less compensation and benefits, as a percentage of total net interest revenues before provision for credit losses plus noninterest revenues.

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