2004

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.