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Deutsche Bank AG - Historische Gesellschaft der Deutschen Bank e.V.

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Auditor's certificate<br />

The accounting and the annual financial state- ing principles the annual financial statements give a<br />

ments, which we have audited in äccordance with lrue and fair view of the compüny's assets, liabilities,<br />

professional standards, comply with the German financial position and profit or loss.The Management<br />

legal provisions and the Articles of Association. With Report 1s consistent with the annual financial state-<br />

due regard to the generally accepted account- ments.<br />

Frankfurt am Main, March 15, 1990 TREUVERKEHR<br />

Aktiengesellschaft<br />

Wirtschaftsprüfungsgesellschaft<br />

Fandr6 D/: Fliess<br />

Wirtschaftsprüfer Wirtschaftsprüfer

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