In connection with the Deutsche Postbank AG IPO, Morgan Stanley Bank AG announced in its function as stabilization manager the placement of up to 50 million Deutsche Postbank AG shares as well as the placement of conversion bonds on Deutsche Postbank AG shares for EUR 983 million and that the syndicate banks exercised their greenshoe for the purchase of a further approximately 4.5 million shares and further convertible bonds at a nominal value of approx. €98.3 million. The total volume of the share tranche is thus approx. 54.5 million shares, equivalent to approximately EUR 1.55 billion. The total volume of the convertible bonds is thus approximately EUR 1.08 billion.

For the conversion bond, the stabilization period ended on 24 June 2004. No stabilization measures were implemented. For the share issue, the stabilization period ended on 28 June 2004. The price range of the buy offers given by the stabilization manager in the context of the share issue was between EUR 27.50 and EUR 28.50. No stabilization purchases were implemented.