Deutsche Bank intends to sell its stake in Greek EFG Eurobank Ergasias

Frankfurt am Main, Athen, November 12, 2003 - Deutsche Bank intends to sell its entire 9.3 per cent stake totalling 29.2 million shares in Greek EFG Eurobank Ergasias through an accelerated bookbuilding starting today. Deutsche Bank is the (lead manager and bookrunner of this transaction, EFG Eurobank Ergasias is joint lead manager and will co-ordinate the [private] placement within Greece.

This transaction continues Deutsche Bank''s strategy of divesting holdings in other listed companies.