Deutsche Bank AG

ots Ad hoc-Service: Deutsche Bank AG Deutsche Bank doubles net income Dividend to be increased

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    Frankfurt am Main (ots Ad hoc-Service) -      

    In the 2000 financial year, Deutsche Bank generated net income doubled to EUR 4,949 million after EUR 2,453 million in the previous year, and thereby achieved the best result in its history. On this basis, the Board of Managing Directors of Deutsche Bank AG will propose to the Supervisory Board, that the dividend be increased from EUR 1.15 to EUR 1.30 per share.

Key figures of the financial results 2000:

Net interest income: EUR 6,811 million (+3%) Provision for losses on loans and advance: EUR 438 million (-29%) Net commission income: EUR 11,468 million (+42%) Trading profit: EUR 6,891 million (+52%) Net income from investments: EUR 3,107 million (+55%) Operating expenses: EUR 21,037 million (+34%) Profit before tax: EUR 6,729 million (+75%) Income taxes: EUR 1,780 million (+28%) Net income: EUR 4,949 million (+102%)

Earnings per share (excluding goodwill amortization): Euro 9.02 (1999: Euro 4.86) Return on equity (RoE) before tax (excluding goodwill amortization): 32.4% (1999: 22.0%) Cost/income ratio (excluding goodwill amortization): 73.3% (1999: 74.4%) Total assets: Euro 967 billion (end of 1999: Euro 840 billion)

    The operating expenses are influenced by first time consolidations, adjustments to US-GAAP, investments in strategic projects for eCommerce, as well as special depreciation of software affecting the 4th quarter. In 2000 the cost/income ratio improved by 1.1 percentage points to 73.3%.

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