Notification concerning transactions by persons performing managerial
responsibilities pursuant to section 15a of the WpHG

Directors' Dealings notification transmitted by DGAP - a company of EquityStory AG.
The person with duty of notification is solely responsible for the content of this announcement.

Details of the person subject to the disclosure requirement
Last name: Whitman
First name: Christopher Thomas
Company: Deutsche Bank AG

Position: Group Treasurer

Information about the transaction with duty of notification

Description of the financial instrument: New Deutsche Bank AG Shares
ISIN/WKN of the financial instrument: DE000DB99993
Type of transaction: Sell
Date: 27.02.2008
Price: 72.60
Currency: EUR
No. of items: 40000
Total amount traded: 2904000
Place: off-exchange

Explanation for publication:

Sale of new DB-Shares acquired by the exercise of options via the DB Global
Partnership Plan resulting in pre-tax gross proceeds of € 1.319.600,00.

Information about the company with duty of publication

Issuer: Deutsche Bank AG
Theodor-Heuss-Allee 70
60486 Frankfurt am Main
ISIN: DE0005140008
WKN: 514000

End of Directors' Dealings Notification (c) DGAP 03.03.2008 

Financial News transmitted by DGAP
ID 5415