Deutsche Bank annnounces new CFO will be Stefan Krause

Stefan Krause (45) is to be appointed member of the Management Board of Deutsche Bank AG, effective from 1 April 2008. Krause was a member of the Management Board of BMW AG, serving as Chief Financial Officer from May 2002 until September 2007 and subsequently responsible for Sales & Marketing.

Mr. Krause will succeed Anthony di Iorio (64) as Chief Financial Officer of Deutsche Bank AG with effect from Mr. di Iorio’s retirement, which will take place as planned on 1 October 2008.