FOR IMMEDIATE RELEASE

Sydney, 8 June 2004 – Deutsche Bank today announced that Hamish Douglass will join ScottPerkins as Co-Head of its Global Corporate Finance (GCF) business in Australia and New Zealandand will join the Asia-Pacific Executive Committee and the GCF Global Operating Committee.

Tony Burgess, the current Co-Head, will be moving to London to partner Don Johnston as Co-Headof Deutsche Bank’s M&A practice in Europe.

Frank Nash, Deutsche Bank’s Head of Global Corporate Finance Asia Pacific, explained, “In hisposition as Head of M&A Australia, Hamish has played a pivotal role in the Bank’s rise to the top ofthe M&A league tables in Australia. We believe he is extremely well qualified and will continue tothrive in this senior position.” Douglass has an impressive transaction history including working asadviser to Zinifex Australia on its recent IPO, adviser to Xstrata Plc on its takeover of MIM Holdingsand adviser to Svenska Cellulose Aktiebolaget SCA on its acquisition of Carter Holt Harvey Tissue.

Clive Smith, Chairman of Deutsche Bank in Australia and New Zealand said, in commenting onTony Burgess’ promotion, “Tony has proved his credentials in the Australian market and it is onlynatural that he will now become a key driver of our growth strategy in the Bank’s home market ofEurope. In his new role, Tony will lead the origination and execution of our large capitalisation M&Abusiness in Europe. I wish him all the best.”

For further information, please call:

Deutsche Bank

Kate Abrahams	(61 2) 9258 2416
Communications & Marketing

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