FOR IMMEDIATE RELEASE

Sydney, 10 August 2004 – Deutsche Bank today announced the appointment of Steven Skala as Vice Chairman, Australia and New Zealand.

In announcing the appointment Deutsche Bank’s Australia and New Zealand Chairman Clive Smith said “We are very pleased to announce Steven’s appointment. The seniority, talents and experience that Steven brings can only be an asset to our organisation”.

Skala is one of Australia's foremost commercial lawyers. He has spent the last 20 years with leading law firm Arnold Bloch Leibler where he was principal adviser to many major Australian companies. Active beyond the law, he also sits on the boards of several public and not-for-profit organisations.

“Steven brings extensive client knowledge and an approach to business which is entirely consistent with Deutsche Bank’s approach. He will contribute greatly to the expansion of Deutsche Bank in this region” commented Chum Darvall. CEO Australia and New Zealand.

Skala will be based at Deutsche Bank’s Melbourne office beginning his role on 1 September 2004.

For further information, please call:

Deutsche Bank

Kate Abrahams	(61 2) 9258 2416
Communications & Marketing

About Deutsche Bank

With roughly Euro 849 billion in assets and approximately 65,700 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private & business banking franchise in Germany and other selected countries in Continental Europe.

In Australia and New Zealand, Deutsche Bank has three offices with more than 1100 staff.

www.deutsche-bank.com