GF New Germany Fund Inc

The New Germany Fund, Inc. (NYSE: GF) announced today that its March 31, 2005 quarterly report is now available online at www.newgermanyfund.com. The New Germany Fund, Inc. is a non-diversified, closed-end investment company seeking capital appreciation primarily through equity investments in middle market German corporations. The Fund may also invest up to 20% of its assets in equity securities of other Western European companies. Its shares are listed on the New York Stock Exchange under the symbol "GF". This may focus its investments in certain geographical regions, thereby increasing its vulnerability to developments in that region. Investing in foreign securities presents certain unique risks not associated with domestic investments, such as currency fluctuation and political and economic changes and market risks which may result in greater share price volatility. 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. Not FDIC Insured/No Guarantee/May Lose Value. 31836