08:54     DB-HSI @EP0511D<04979> - New Listing                                

    Market participants are requested to note that dealings in the            
    2005 European Style (Cash Settled) Index Put Warrants relating to         
    the Hang Seng Index issued by Deutsche Bank AG (the "Issuer") will        
    commence at 9:30 a.m. today (27/05/2005) under the following              
    particulars:-                                                             
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    4979            DB-HSI @EP0511D         10,000 units                      
                                                                              
    Market participants are also requested to note that the stock short name  
    of currently listed 2005 European Style (Cash Settled) Index Put Warrants 
    (stock code: 4935) issued by the Issuer has been changed to               
    "DB-HSI @EP0511B" with effect from today (27/05/2005).