Deutsche Postbank Group intends to sell the credit card and sales financing business of BHW Bank AG to Landesbank Berlin (Note 34) in January 2008.

Deutsche Post World Net and Hewlett-Packard Services (HP) signed a letter of intent in January 2008 with the aim of delegating responsibility for parts of the world-wide IT activities of Deutsche Post World Net to HP Services. Pursuant to the planned agreement Deutsche Post World Net expects to save costs of at least €1 billion over a period of seven years. This cost reduction is to be achieved on the one hand by reducing general IT costs. On the other hand, IT resources required to manage own business and to render customer services are intended to be used more efficiently. The parties are confident that a binding agreement will be signed by the middle of 2008. HP would then take over the approximately 2,500 employees who are currently providing services for the IT centres of Deutsche Post World Net – including information and data management, infrastructure and networking management as well as application management. The IT locations affected are Prague (Czech Republic), Scottsdale (Arizona, USA), Cyberjaya (Malaysia) and locations in some European countries.

Dr Klaus Zumwinkel informed the Executive Committee of the Supervisory Board on 15 February 2008 of his decision to resign from his offices as chairman of the Board of Management of Deutsche Post AG and chairman of the Supervisory Board of Deutsche Postbank AG at the next meeting of the Supervisory Board.