Deutsche Bank axercises warrant to acquire Hoist shares

Dear Sir or Madam,

Today, Deutsche Bank AG ("DB") has given notice to Hoist of its wish to
exercise its warrant to acquire 459,000 Class "B" shares of Hoist
International AB, a company quoted on the Stockholm Stock Exchange
("Hoist" and the "Shares"). At the same time DB has sold 459,000 Shares.
As a result of these transactions DB's holding of Shares following the
issue of the Shares pursuant to the warrant will remain unchanged,
however on a percentage basis it will fall marginally to 18.61%. DB's
fully diluted holding including the warrants will fall below 20%. DB has
decided that it does not wish to increase its subscribed shareholding
above 20% at this time when the warrants are expiring, which may impose
certain additional regulatory requirements.

This letter constitutes a notice of this shareholding, as required by
the Swedish Financial Instruments Trading Act and as recommended by the
Swedish Industry and Commerce Stock Exchange Committee.

DB's registered office is at Taunusanlage 12, 60325 Frankfurt (Main),
Germany. DB is registered with the District Court of Frankfurt am Main,
Federal Republic of Germany, under registration number 30,000.

Deutsche Bank AG London

Deutsche Bank AG London
Winchester House
1 Great Winchester Street
London EC2N 2DB
Telephone: 020 7545 8000
Direct Line: 020 7545 5918
Direct Fax: 020 7545 1821

HOIST INTERNATIONAL

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