DGAP-Adhoc: Deutsche Bank AG: Josef Ackermann will no longer be available as a candidate for the Supervisory Board / The Nomination Committee proposes that Paul Achleitner be elected as Chairman of the Supervisory Board

Deutsche Bank AG  / Key word(s): Change of Personnel

14.11.2011 17:18

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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The Chairman of the Management Board and the Group Executive Committee of
Deutsche Bank AG (XETRA: DBKGn.DE / NYSE: DB), Dr. Josef Ackermann,
notified the bank's Supervisory Board that he will no longer be available
as a candidate to transfer onto the Supervisory Board following his
departure from the Management Board effective upon the completion of the
General Meeting 2012.

Dr. Josef Ackermann said that the extremely challenging conditions on the
international financial markets and in the political-regulatory environment
demand his full attention as the Chairman of the bank's Management Board.
This does not allow enough scope for the many talks with individual
shareholders necessary to implement the original plan.

With regret, the Supervisory Board notes and respects this decision. 

The Nomination Committee recommends that the Supervisory Board propose Dr.
Paul Achleitner, currently member of the Board of Management of Allianz
S.E., for election to the Supervisory Board at the General Meeting 2012.
Furthermore, the Nomination Committee recommends that Dr. Paul Achleitner
be elected at the meeting of the Supervisory Board following the General
Meeting as Supervisory Board Chairman. Dr. Achleitner will be available for
this office, pending the formal approval of the Supervisory Board of
Allianz S.E.

As previously announced, Dr. Josef Ackermann will be leaving the bank's
Management Board, which he has been the Chairman of since 2002, with effect
upon the completion of the General Meeting in May 2012. The process of
transition to Jürgen Fitschen and Anshu Jain will be initiated as planned
at the beginning of 2012.


14.11.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      Deutsche Bank AG
              Taunusanlage 12
              60325 Frankfurt a. M.
              Germany
Phone:        +49 (0)69 910-00
Fax:          +49 (0)69 910-38966
E-mail:       Deutsche.Bank@db.com
Internet:     www.deutsche-bank.de
ISIN:         DE0005140008
WKN:          514000
Indices:      DAX, EURO STOXX 50
Listed:       Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
              Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
              EUREX; NYSE
 
End of Announcement                             DGAP News-Service
 
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