Fact Sheet

The reconciliation of average active equity and related ratios is provided in the chapter Target Definition.

1

Book value per basic share outstanding is defined as shareholders’ equity divided by the number of basic shares outstanding (both at period end).

2

Total noninterest expenses as a percentage of total net interest income before provision for credit losses plus noninterest income.

3

Compensation and benefits as a percentage of total net interest income before provision for credit losses plus noninterest income.

4

Non-compensation noninterest expenses, which is defined as total noninterest expenses less compensation and benefits, as a percentage of total net interest income before provision for credit losses plus noninterest income.

5

The core capital ratio (Tier 1) shown for 2008 is pursuant to the German Banking Act (“KWG”) and the Solvency Regulation (“Solvabilitätsverordnung”), which adopted the revised capital framework presented by the Basel Committee in 2004 (“Basel II”) into German law, while the ratio presented for 2007 is based on the Basel I framework. Basel II Tier 1 capital excludes transitional items pursuant to KWG section 64h (3).