Responsibility Statement by the Management Board


To the best of our knowledge, and in accordance with the applicable reporting principles, the consolidated financial statements give a true and fair view of the assets, liabilities, financial position and profit or loss of the Group, and the Group management report includes a fair review of the development and performance of the business and the position of the Group, together with a description of the principal opportunities and risks associated with the expected development of the Group.


Frankfurt am Main, March 1, 2011

       Josef Ackermann                        Hugo Bänziger                            Jürgen Fitschen

    Anshuman Jain                             Stefan Krause                       Hermann-Josef Lamberti

  Rainer Neske

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