REPEAT/Bernstein Liebhard & Lifshitz, LLP Commences Class Action On Behalf of Sellers of Bankers Trust Common Stock and Call Options and Purchasers of Put Options During the Period October 26, 1998 Through November 20, 1998.

NEW YORK--(BUSINESS WIRE)--Nov. 25, 1998--A securities class action lawsuit was commenced on November 25, 1998 in the United States District Court for the Southern District of New York on behalf of those persons who sold the common stock or call options or purchased put options of Bankers Trust Corporation ("Bankers Trust") (NYSE:BT), during the period October 26, 1998 through November 20, 1998, inclusive (the "Class Period").

The lawsuit alleges violations of the federal securities laws and names as defendants Deutsche Bank AG and its Chairman, Rolf-E. Breuer, and Bankers Trust Corporation and its Chairman, Frank N. Newman.

The complaint charges the defendants with violations of Section 10 of the Securities Exchange Act of 1934 and SEC Rule 10b-5 promulgated thereunder, and also charges defendant Newman with violations of Section 20(a) of the Securities Exchange Act of 1934.

The complaint charges that the defendants falsely denied that Deutsche Bank and Bankers Trust were engaged in takeover discussions and negotiations during the Class Period in order to artificially depress the price of Bankers Trust common stock so that Deutsche Bank could purchase Bankers Trust at an artificially low price.

Plaintiff seeks to recover damages on behalf of all persons who sold Bankers Trust common stock or call options or purchased Bankers Trust put options during the Class Period and were damaged thereby. If you lost money on any such transactions involving Bankers Trust securities during the Class Period, you may wish to join in the action to serve as lead plaintiff.

In order to do so, you must meet certain requirements set forth in the applicable law and file appropriate papers within 60 days from November 25, 1998. This early notice to class members is being made pursuant to applicable law.

Plaintiff is represented in this class action by the law firm of Bernstein Liebhard & Lifshitz, LLP. The attorneys at Bernstein Liebhard & Lifshitz, LLP have extensive experience in securities class action cases, and have played lead roles in major cases over the past several years which have resulted in recoveries of tens of millions of dollars to investors.

The attorneys at Bernstein Liebhard & Lifshitz, LLP have been recognized by courts for the high quality of their legal representation of defrauded investors. The firm also has extensive experience in corporate and shareholder litigation, consumer protection and other areas of complex litigation.

If you would like to discuss this action or if you have any questions regarding this Notice or your rights as a potential class member or lead plaintiff, you may contact Robert J. Berg, Esq. or Michael S. Egan, Esq., at Bernstein Liebhard and Lifshitz, LLP, 10 E. 40th Street, 22nd Floor, New York, New York 10016, or by telephone at 800/217-1522 or 212/779-1414, or by e-mail at: [e-mail] or [e-mail].