Deutsche Bank Appointed as Successor Depositary Bank for the New York Stock Exchange-Listed American Depositary Receipt Program of Infineon Technologies AG.

LONDON -- Deutsche Bank today announced its appointment as successor depositary bank for the New York Stock Exchange-listed American Depositary Receipt (ADR) program of Infineon Technologies AG (Infineon). E[acute accent]Infineon, headquartered in Germany, offers semiconductor and system solutions for automotive, industrial and multi-market sectors, for applications in communication, as well as memory products. In fiscal year 2004, the company achieved sales of Euro 7.19 billion with about 35,600 employees worldwide.(1) E[acute accent]Akbar Poonawala, Head of Global Equity Services at Deutsche Bank said, "We welcome Infineon's decision to transfer its ADR program to Deutsche Bank's depositary receipts business. Our broad range of customized services will be used to assist Infineon in further enhancing the visibility of its ADR program with the United States investor community." E[acute accent]"Since our IPO in 2000, we have built a strong profile among investors in the US," said Dominik Asam, Senior Vice President Strategy, Investor Relations and M&A of Infineon Technologies. "The US capital markets offer an unparalleled breadth and depth in terms of high technology investors. With Deutsche Bank as our ADR depositary, we will continue our efforts to make Infineon an attractive investment opportunity for this important investor base."

E[acute accent]About Deutsche Bank

E[acute accent]With roughly Euro 840 billion in assets and approximately 65,400 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. E[acute accent]Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private & business banking franchise in Germany and other selected countries in Continental Europe.

E[acute accent]www.deutsche-bank.com

E[acute accent]Deutsche Bank, through its Trust & Securities Services business, is one of the leading depositary banks for ADRs and Global Depositary Receipts (GDRs) and a pioneer in the processing of Global Registered Shares. It currently administers over 150 programs for issuers in more than 35 countries. Trust & Securities Services at Deutsche Bank is also a leader in supporting complex debt structures. Through a fully integrated network of specialist offices worldwide, the group provides domestic custody in 25 securities markets as well as trustee, agency, depositary, SPV management and related services for all types of financing including bonds, medium term note and commercial paper programs, asset backed and mortgage backed securities, CDOs, SIVs, project financings, escrows and syndicated loans. E[acute accent]This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG London.

E[acute accent](1) Source: Infineon Technologies AG (March, 2005)

The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to private customers as defined by the UK Financial Services Authority. This notice has been approved and/or communicated by Deutsche Bank AG London. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance.