Deutsche Bank
Annual Report 2011
Deutsche Bank Interim Report as of March 31, 2010
Events after the Reporting Date

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Events after the Reporting Date

On February 27, 2012, we have exchanged the Mandatory Exchangeable Bond (MEB) in 60 million Postbank shares (27.4 %) and on February 28, 2012, Deutsche Post AG has exercised its option to put 26.4 million shares (12.1 %). As a result, we own an additional 86.4 million Postbank shares (39.5 %), leading to a total Postbank holding of 204.9 million shares (93.7 %). The settlement of MEB and put option has no impact on Deutsche Bank’s regulatory capital and liquidity position. See Note 04 “Acquisitions and Dispositions” for further details.

On February 28, 2012, we announced that we are in exclusive negotiations with Guggenheim Partners on the sale of our Asset Management businesses that are subject to a previously-announced strategic review. The businesses include DWS Americas, the Americas mutual fund business; DB Advisors, the global institutional asset management business; Deutsche Insurance Asset Management, the global insurance asset management business; and RREEF, the global alternative asset management business. These negotiations are not yet finalized and we cannot reliably assess the financial effects of a potential sale.