The New Germany Fund, The European Equity Fund and The Central Europe and Russia Fund Announce Annual Stockholders Meetings

06/05/2008 - 12:10

The New Germany Fund, Inc. (NYSE: GF), The European Equity Fund, Inc (NYSE: EEA) and The Central Europe and Russia Fund, Inc. (NYSE:

CEE) announced today that their combined annual meetings of

stockholders will be held at 10:00 a.m. EST on June 20, 2008 at the New

York Marriott East Side Hotel, 525 Lexington Avenue, the Fountain Room

New York, New York 10017.
Only holders of record of Common Stock of the New Germany Fund, European

Equity Fund or Central Europe and Russia Fund at the close of business

on May 16, 2008 will be entitled to notice of, and to vote at, the

annual meeting of stockholders of the Fund.
The Funds are managed and advised by members of the Deutsche Bank Group.
The New Germany Fund, Inc. is a diversified, closed-end

investment company seeking capital appreciation primarily through

investment in the Mittelstand "â€œ an

important group of small and mid-cap German companies. The Fund may

invest up to 35% of its assets in large cap German companies, and up to

20% in other Western European companies. Its shares are listed on the

New York Stock Exchange under the symbol "GF".
The European Equity Fund, Inc. (formerly The Germany Fund, Inc.) seeks long-term capital appreciation through investment primarily

(normally at least 80% of its assets) in equity and equity-linked

securities of companies domiciled in countries utilizing the Euro

currency. Its shares are listed on the New York Stock Exchange under the

symbol "EEA".
The Central Europe and Russia Fund, Inc. is a non-diversified

closed-end investment company seeking capital appreciation primarily

through investment in Central European and Russian equities. Its shares

are listed on the New York Stock Exchange under the symbol "CEE".
The European Equity Fund, Inc. and The Central Europe and Russia Fund

Inc. are non-diversified and can take larger positions in fewer

companies, increasing their overall risk profile.
Investments in funds involve risks. Additional risks are associated with

international investing, such as government regulations and differences

in liquidity which may increase the volatility of your investment.

Foreign security markets generally exhibit greater price volatility and

are less liquid than the US market. Additionally, this fund focuses its

investments in certain geographical regions, thereby increasing its

vulnerability to developments in that region and potentially subjecting

the fund´s shares to greater price volatility.
Closed-end funds, unlike open-end funds, are not continuously offered.

There is a one time public offering and once issued, shares of

closed-end funds are sold in the open market through a stock exchange.

Shares of closed-end funds frequently trade at a discount to net asset

value. The price of the fund´s shares is

determined by a number of factors, several of which are beyond the

control of the fund. Therefore, the fund cannot predict whether its

shares will trade at, below or above net asset value.
This announcement is not an offer to purchase or the solicitation of an

offer to sell shares of the Fund or a prospectus, circular or

representation intended for use in the purchase or sale of Fund shares.

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NOT FDIC/ NCUA INSURED

MAY LOSE VALUE

NO BANK GUARANTEE

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NOT A DEPOSIT

NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

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DWS Scudder is part of Deutsche Asset Management, which is the

marketing name in the US for the asset management activities of Deutsche

Bank AG, Deutsche Bank Trust Company Americas, Deutsche Investment