At the Annual General Meeting of Deutsche Post AG in Cologne on May 6, the Chairman of the Board of Management of Deutsche Post AG, Dr. Klaus Zumwinkel announced that even though the Postbank IPO was scheduled for 21 June 2004, the company was observing the market developments in a flexible fashion in order to obtain a optimum result for the shareholders. Over the last few days, the Board of Management of Deutsche Post AG had dealt with various strategic questions and issues. On this matter, he today stated:

1. The Postbank IPO will be realized in the planned form and scope. The initial quotation for the Postbank share is planned for 21 June.
2. Outside the initial public offer, there is to be no sale of Postbank or of parts of the same, either to domestic or to foreign investors; equally, larger packages will not be sold to banks or other strategic investors.
3. At least 50% and one share of the share capital and voting rights of the Postbank will permanently remain in the possession of Deutsche Post AG.
4. The mandates of the two syndicate leaders for the initial public offering remain, as do those of all the other syndicate banks.
5. Systematically continuing on this successful path is in the interests of all stakeholders, in particular customers and employees of Postbank. The IPO is in the optimum interests of Deutsche Post AG shareholders.
6. We regard the obvious and high level of interest in Postbank as a sign of the recognition of the assets created by the Bank and its attractiveness.
7. We expect a positive signal for the German capital market through this initial public offering.
8. The business result of the Deutsche Post AG Financial Services arm in the first quarter of the year, which is up almost 38% on the previous year, demonstrates in an impressive fashion the growth track of this company sector.