26.09.2005 15:34:00

Mark Hagan to Join Deutsche Bank Real Estate Investment Banking Group

Deutsche Bank Securities Inc. today announced that MarkHagan will join the firm as a Director in Real Estate InvestmentBanking, which includes the real estate, gaming, lodging and leisuresectors. Hagan will be based in New York.

Hagan will join Deutsche Bank after seven years at Merrill Lynch &Co, where he was a Director in the Real Estate Investment BankingGroup. Prior to that, he worked for the National BasketballAssociation (NBA) as Manager of Business Affairs for NBA Properties,Inc.

"Mark's impressive background includes a wide variety of M&A,equity, debt and advisory work for key clients throughout the realestate, gaming, lodging and leisure markets," said Devin Murphy,Global Head of Real Estate Investment Banking. "We believe he willcomplement our integrated approach to meeting our clients' strategicand financial needs around the world."

Hagan earned JD and MBA degrees from New York University and a BAdegree from Duke University. He has served on the Executive Committeefor the National Multi Housing Council Board of Directors and is amember of the Urban Land Institute and New York State Bar.

About Deutsche Bank

With Euro 964 billion in assets and 63,652 employees, DeutscheBank (NYSE: DB) offers unparalleled financial services in 74 countriesthroughout the world. Deutsche Bank competes to be the leading globalprovider of financial solutions for demanding clients creatingexceptional value for its shareholders and people.

Deutsche Bank ranks among the global leaders in corporate bankingand securities, transaction banking, asset management, and privatewealth management, and has a significant private and business bankingfranchise in Germany and other selected countries in ContinentalEurope.

Deutsche Bank Securities Inc. is the investment banking andsecurities arm of Deutsche Bank AG in the United States.

www.db.com

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