Deutsche Bank GM Research Web Site Upgrade

On Friday, December 1, the new DB Global Markets Research website will appear at

http://research.gm.db.com

The new site will take the place of the old site and be accessible using the same IDs and Passwords. Apart from the overall new look and feel, it features many enhancements, including

-Faster, clearer navigation via new dynamic navigation menu with expanding sub-menus -Navigation by both Product menus and Region menus, with new Regional pages -A new search function look and layout -Additional content, such as contacts lists, additional links, text updates of timely events Many new features will be added in the coming weeks, including unique web addresses for individual pages and new graph and chart capabilities.

The site will be temporarily unavailable today, Thursday, November 30 from 3pm to approximately 6pm New York time to allow for the changeover

We are constantly searching for better ways to deliver what we believe is the best research in the global financial markets. Your comments are invited.

Yours truly,

David Folkerts-Landau Managing Director Head of Global Markets Research

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