EFTA01256081.pdf

From: Jes Staley To: [email protected] <jeevacationtDgmail.corn> Sent: 8/7/2009 7:07:40 PM Subject: Fw: Deutsche Bank confirms talks on strategic partnership with Sal. Oppenheim Group Fyi Original Message From: Klaus Diederichs To: Jes Staley Cc: Karl X Altenburg Sent: Fri Aug 07 13:58:26 2009 Subject: Fw: Deutsche Bank confirms talks on strategic partnership with Sal. Oppenheim Group Looks like we are too late. Original Message From: Karl X Altenburg To: Klaus Diederichs Sent: Fri Aug 07 18:54:52 2009 Subject: Re: Deutsche Bank confirms talks on strategic partnership with Sal. Oppenheim Group The guy is not even returning my call anymore. What elsecan we do? Jamie to call von krokow? I think they will announce shortly Original Message From: Klaus Diederichs To: Karl X Altenburg Sent: Fri Aug 07 18:14:13 2009 Subject: Fw: Deutsche Bank confirms talks on strategic partnership with Sal. Oppenheim Group You are closer to this to judge if this makes sense. Original Message From: Jes Staley To: Klaus Diederichs Sent: Fri Aug 07 17:57:20 2009 Subject: Re: Deutsche Bank confirms talks on strategic partnership with Sal. Oppenheim Group Mary free to fly over now if it would help. Original Message From: Klaus Diederichs To: Jes Staley Cc: Karl X Altenburg Sent: Fri Aug 07 12:27:18 2009 Subject: Re: Deutsche Bank confirms talks on strategic partnership with Sal. Oppenheim Group I think this will be too late. Also not sure if we can cherrie pick. My understanding is that Deutsche is offering a capital injection into the group overall. If we are seriously interested we need to come fwd now. Looks to me like Sal Op is back to the wall and Deutsche will run away with it if we don't act now. Karl, plse say if you disagree and think we have time till end August. SDNY_GM_00077233 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00000360 EFTA_00I 87705 EFTA01256081  Original Message From: Jes Staley To: Karl X Altenburg; Mary E Erdoes; Pablo Garnica Cc: Bill T Winters; Klaus Diederichs Sent: Fri Aug 07 13:29:28 2009 Subject: Re: Deutsche Bank confirms talks on strategic partnership with Sal. Oppenheim Group Have we set up a meeting with them for when I'm in London. Who are we actually talking to? Thanks Jes Original Message From: Karl X Altenburg To: Mary E Erdoes; Jes Staley; Pablo Garnica Cc: Bill T Winters; Klaus Diederichs Sent: Wed Aug 05 06:53:24 2009 Subject: Re: Deutsche Bank confirms talks on strategic partnership with Sal. Oppenheim Group Oh Original Message From: Mary E Erdoes To: Karl X Altenburg; Jes Staley; Pablo Garnica Cc: Bill T Winters; Klaus Diederichs Sent: Wed Aug 05 11:33:03 2009 Subject: Re: Deutsche Bank confirms talks on strategic partnership with Sal. Oppenheim Group Yes we spoke about it yesterday. Just let us know what transpires-happy to get on a plane to meet sooner if need be. ME Original Message From: Karl X Altenburg To: Mary E Erdoes; Jes Staley; Pablo Garnica Cc: Bill T Winters; Klaus Diederichs Sent: Wed Aug 05 06:27:05 2009 Subject: Re: Deutsche Bank confirms talks on strategic partnership with Sal. Oppenheim Group Don't know if Pablo updated you, but I had very constructive 2 hour mtg w the family partner last week, where he essentially said they see strong merits in an institutional partnership w JPM (possibly along the lines of our ca:enove deal). He did say they would be reluctant to shed control (could be that deutsche is prepared to only take minority stake). We left it that we both wanted to talk to our organisation re next steps. I called him monday intending to suggest a mtg w jes /yourself, but he didn't return the call for obvious reasons. I left him message this morning asking him where we stand in light of news. If he dosn't shut the door (deutsche bid is apparently non-binding), we may have to decide whether we want to become more formal in our approach. Keep you posted Karl Original Message From: Mary E Erdoes To: Karl X Altenburg; Jes Staley; Pablo Garnica Cc: Bill T Winters; Klaus Diederichs SDNY_GM_00077234 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00000361 EFTA_OOI 87706 EFTA01256082 Sent: Wed Aug 05 11:15:37 2009 Subject: Re: Deutsche Bank confirms talks on strategic partnership with Sal. Oppenheim Group Please let us know what you need us to do from here. Mary Original Message From: Karl X Altenburg To: Jes Staley; Mary E Erdoes; Pablo Garnica Cc: Bill T Winters; Klaus Diederichs Sent: Wed Aug 05 03:49:31 2009 Subject: Fw: Deutsche Bank confirms talks on strategic partnership with Sal. Oppenheim Group Looks like unfortunately we are late. Oppenheim hasn't returned my call since our mtg last week. Will try to talk to him. Karl Original Message From: Georg C Platter To: Klaus Diederichs; Karl X Altenburg; Christian Schmiderer; Team Rock Sent: Wed Aug 05 08:34:31 2009 Subject: Fw: Deutsche Bank confirms talks on strategic partnership with Sal. Oppenheim Group Original Message From: Deutsche Bank Investor Relations To: Georg C Platter Sent: Wed Aug 05 07:53:22 2009 Subject: Deutsche Bank confirms talks on strategic partnership with Sal. Oppenheim Group FRANKFURT AM MAIN, 5 August 2009 - Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) confirmed talks on a strategic partnership with Sal. Oppenheim jr. & Cie. S.C.A.. In this respect, Deutsche Bank has made a non-binding offer for a capital stake in Sal. Oppenheim. Sal. Oppenheim will allow Deutsche Bank to conduct due diligence. The strategic partnership is intended to give Sal. Oppenheim's customers access to Deutsche Bank's global network and strengthen Deutsche Bank's position in business with affluent private clients in Germany. About Deutsche Ban!: Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,896 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. Deutsche Bank AG Investor Relations Phone Fax E-mail: http://www.deutsche-bank.com/ir SDNY_GM_00077235 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00000362 EFTA_00I 87707 EFTA01256083 To unsubscribe the newsletter If you wish to cancel receiving our newsletter please click on the URLstated below and follow the instructions: SDNY_GM_00077236 Confidential Treatment Requested by JPMorgan Chase JPM-SDNY-00000363 EFTA_00187708 EFTA01256084