Germany's Neuer Markt to be Restructured

Business Wire, Sept 26, 2002

Business Editors

NEW YORK--(BUSINESS WIRE)--Sept. 26, 2002

Hanspeter Ackermann, Chief Investment Officer of The New Germany Fund ("GF") which is managed by the Deutsche Bank Group, said the steps being taken by the Frankfurt Stock Exchange regarding restructuring of the Neuer Markt are very positive.

"Basically the listing and on-going reporting criteria have been tightened up for the benefit of all investors. The market will be divided into two segments: the "Prime Standard" and the "Domestic Standard."

"Requirements for companies in the first category, the "Prime Standard", will include quarterly earnings reports, international accounting standards, and meetings with analysts at least annually. Companies in this segment will be divided into technology and biotechnology companies and other groups, with each having a dedicated sector index. Companies in the "Domestic Standard" segment will have less stringent requirements.

The New Germany Fund, Inc. is a non-diversified, closed-end investment company listed on the New York Stock Exchange with the symbol "GF". The Fund seeks capital appreciation primarily through investment in middle-market German equities. It is managed and advised by wholly-owned subsidiaries of the Deutsche Bank Group.