Deutsche Bank Recognized in The 2008 Euromoney Awards for Excellence

Best Equity House in North America

Best FX House in North America

Best at Risk Management in North America

The Euromoney Awards for Excellence are based on outstanding performance, quality service, innovation and momentum. "Deutsche's success stems from its early call on the sub-prime sector," said Euromoney. "Not lingering on its foresight, the bank has invested in creating a broad range of products over the past year to aid clients in the volatile markets and uncertain economic environment."

"We are pleased that our superior risk management and market leadership across asset classes in North America has been recognized," said Fred Brettschneider, Head of Global Markets - Americas. "These awards are a testament to our success in the region."

In North America, the bank also received the award "Best at Cash Management".

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,275 employees in 76 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

www.db.com

SOURCE: Deutsche Bank

Deutsche Bank Renee Calabro, +1-212-250-5525 Media Relations