The Supervisory Board of Deutsche Post AG has approved that Deutsche Post AG, as the majority shareholder of Deutsche Postbank AG, will participate with up to 100% in the bank’s planned capital increase. Deutsche Post AG has committed to subscribe to the planned rights issue of 54.8 million shares at the subscription price according to its stake of 50% plus one share in Postbank. As far as the subscription price does not exceed €18.25, Deutsche Post AG has also committed to subscribe to all shares that are not taken up by the market at the subscription price. The maximum commitment by Deutsche Post AG thus would not exceed €1 billion.

As a result of this measure, Deutsche Post’s stake in Postbank would initially increase to a maximum of 62.52%. The September agreement with Deutsche Bank AG, under which it will – upon antitrust and regulatory approvals – acquire a 29.75% stake in Postbank from Deutsche Post in the first quarter of 2009, remains in place. The agreement provides that Deutsche Bank will assume 29.75% of the newly issued shares from Deutsche Post at the subscription price when the transaction is completed in the first quarter of 2009. The prices for the old shares remain as agreed on.

Deutsche Post World Net announced on 10 November 2008 that it will exit the domestic express business in the USA at the start of 2009. The international express offering in the US will be maintained on today’s level. Total costs for restructuring the US express business are now at €3 billion, of which the majority will be recorded in the current year.

Due to increasing restructuring costs of €3 billion for the express business in the USA, one-off charges between €400 million and €500 million in other businesses and possible write-downs in the SUPPLY CHAIN/CIS Division of up to €1 billion, the Group will probably see a full-year reported net loss for 2008.