2008-04-25 23:36:15 -

- The New Germany Fund, Inc. (NYSE:GF) announced today that its Board of Directors declared a distribution of $0.0594 per share payable from net investment income, to be paid in cash.

The record date is May 6, 2008 and the payable date will be May 15, 2008. The shares will trade "ex-dividend" on May 2, 2008.

The New

Germany Fund, Inc. is a diversified, closed-end investment company seeking capital appreciation primarily through investment in the Mittelstand - 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".

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 primarily focuses its investments in Germany, thereby increasing its vulnerability to developments in that country and potentially subjecting the fund's shares to greater price volatility.

Closed-end funds, unlike open-end funds, are not continuously offered. Shares, once issued, are traded 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. 12/07 51132 -0- NOT FDIC/ NCUA INSURED MAY LOSE VALUE NO BANK GUARANTEE NOT A DEPOSIT NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

Deutsche Asset Management
Investor Relations:
Christopher Ferreira, 800-349-4281
or
Media Relations:
Deutsche Bank Press Office
212-250-7171