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Inaugural Deutsche Bank Championship Sets PGA Tour Record for Highest Charitable Contribution by First-Year Event

Published 01-07-04

Submitted by Deutsche Bank AG

NORTON, MA.- The Tiger Woods Foundation, selected in November 2002 as the beneficiary of the Deutsche Bank Championship, has chosen youth-driven organizations in Massachusetts, Rhode Island and Southern California as the primary recipients of funds raised from the inaugural tournament, held Aug. 29 - Sept. 1, 2003. The $1.5 million generated by the championship is the highest by a first-year event in PGA TOUR
history, said TOUR Commissioner Tim Finchem.

The Tiger Woods Foundation chose the Massachusetts Golf Association's ForeKids Golf Program, Boston's CityDance program and the Boys and Girls Clubs of Boston and the Greater Providence Area based on each organization's commitment to improving the lives of children in New England. Proceeds will also benefit the Tiger Woods Learning Center in Southern California.

"I am extremely proud that my foundation is so closely aligned with such a great event," said Tiger Woods. "Year one was a huge success, and we look forward to building upon that."

"The PGA TOUR was delighted with the overall success of the inaugural Deutsche Bank Championship when it was played over Labor Day weekend," said Finchem. "But this announcement regarding the charitable proceeds is even more impressive because it is the largest charitable contribution for a first-year event in TOUR history. The contribution will help the Tiger Woods Foundation continue its commitment to promoting children's health, education and welfare."

"The inaugural Deutsche Bank Championship was the result of a great deal of hard work and dedication on the part of everyone involved," said Seth Waugh, CEO, Deutsche Bank Americas. "We are delighted that the charitable proceeds from the tournament reflect that passion and commitment."

The MGA ForeKids Golf Program and its newly opened 18-hole junior development and enrichment facility, MGA Links at Mamantapett, work to expand the game of golf to all segments of Massachusetts' population in this, the 100th anniversary of the MGA.

Boston Ballet's Citydance, a scholarship dance program offered to Boston's third-grade students, offers students of all socio-economic backgrounds the chance to learn various dance forms. The Boys and Girls Clubs of Boston and the Greater Providence area offer various program activities and support services designed to help boys and girls develop the qualities needed to become responsible citizens and leaders.

The Tiger Woods Learning Center will be an innovative and important facility that provides a place for underserved youth ages 8 to 17 to supplement their academic studies and advance their educational growth. Scheduled to open in 2005, the Center is currently conducting a two-year fundraising campaign to raise the $25 million to fund the facility.

"Special thanks have to go to the passionate sponsors, fans and volunteers of New England for making the inaugural Deutsche Bank Championship a resounding success on all levels," said Championship Director Jay Monahan. "Making a considerable donation to our area's charities and supporting the work of the Tiger Woods Foundation has been our mission from the outset."

About Deutsche Bank
With roughly euro 864 billion in assets and approximately 68,500 employees, Deutsche Bank (NYSE: DB) offers its 13 million clients unparalleled financial services in 76 countries throughout the world.

Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private & business banking franchise in Germany and other selected countries in Continental Europe.

Deutsche Bank Securities Inc. is the investment banking and securities arm of Deutsche Bank AG in the United States. http://www.deutsche-bank.com.

About the Tiger Woods Foundation
Established in 1996 by Tiger Woods and his father Earl, the Tiger Woods Foundation empowers young people to reach their highest potential by initiating and supporting community-based programs that promote the health, education and welfare of all of America's children. Information on the Foundation can be found at http://www.tigerwoodsfoundation.org.

About IMG
IMG, who is managing and staging the event, is the world's largest, most diverse and only truly global company dedicated to the marketing and management of sport, leisure and lifestyle. IMG employs a staff of nearly 3,000 people and has offices, sports academies and IMG-managed real estate facilities in 34 countries.

About The Tournament Players Club of Boston

The Tournament Players Club of Boston is the newest addition to the PGA TOUR's prestigious Tournament Players Club Network. Featuring a signature Arnold Palmer-designed course, the TPC of Boston offers a quality golf experience for all levels of play. The course offers five sets of tees, measuring 7,415 yards from the championship tees, and features a 10-acre practice facility and elegant 34,000 square-foot clubhouse. Located in the Great Woods of Norton, Mass., the TPC of Boston opened in June 2002 as the 22nd Tournament Players Club, which is owned by PGA TOUR Golf Course Properties.

For further information, please contact Steve Brener, +1-818-344-6195, or Chris DeBlasio, +1-212-708-1703, both of Brener Zwikel & Associates, Inc., for Deutsche Bank Championship; or Emily Anderson of Tiger Woods Foundation, +1-714-816-1806.

SOURCE Deutsche Bank Championship
Web Site: http://www.tigerwoodsfoundation.org
http://www.deutsche-bank.com

Deutsche Bank AG

Deutsche Bank AG

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