Interim Report

Forward-looking statements

This management report contains statements and forecasts pertaining to the future development of DB ML Group, its business units and individual companies. These forecasts are estimates we made based on information that was available at the current time. Actual developments and currently expected results may vary in the event that assumptions that form the basis for the forecasts do not take place, or risks – for example, those presented in the Risk Report – actually occur. DB ML Group does not intend or assume any obligation to update the statements contained in this management report.

Last modified: 04.08.2011