Deutsche Bank Expands Consumer Investment Banking Practice; Charles McIlvaine Joins as a Managing Director; McIlvaine & Keith Wargo Appointed Co-Heads of Consumer Investment Banking - Americas

Business Wire, May 2, 2006

NEW YORK -- Deutsche Bank Securities Inc. today announced the expansion of its Consumer Investment Banking practice in the Americas, with Charles McIlvaine joining the group as a Managing Director. In addition, McIlvane and Keith Wargo have been appointed Co-Heads of Consumer Investment Banking in the Americas. They will be based in New York and report to James DeNaut and Jacques Brand, Co-Heads of Corporate Finance Coverage in the Americas. David Jacobs will continue in his role as a Vice Chairman in Corporate Finance covering the consumer industry.

McIlvaine joins the Bank from J.P. Morgan Chase & Co. where he worked for the past seven years as a Managing Director in the Consumer Investment Banking group, specializing in consumer product sectors including food and beverage and household products. Before that he worked for four years at Paine Webber, Inc.

Wargo joined Deutsche Bank as a Managing Director in 2004 from Goldman, Sachs and Co. where he worked in the Consumer Investment Banking Group specializing in the retail sector.

"Charlie has a great track record advising clients from across the consumer sector on a broad range of M&A and capital markets transactions," said DeNaut. "His skills and experience complement those of Keith and David and the rest of our team and will further enhance our industry knowledge and deep client relationships in this important sector."

McIlvaine earned a BA degree from Duke University and an MBA from The Wharton School at the University of Pennsylvania.

Deutsche Bank

Deutsche Bank (NYSE: DB) is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 992 billion in assets and 63,427 employees, Deutsche Bank offers unparalleled financial services in 73 countries throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Bank Securities Inc., member NYSE, NASD and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States.

www.db.com