On February 27, 2012, Deutsche Bank has 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, Deutsche Bank owns 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 for further details.
On February 28, 2012, Deutsche Bank announced that it is in exclusive negotiations with Guggenheim Partners on the sale of its 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.