The European Equity Fund, Inc. and The New Germany Fund, Inc. Declare Distributions

The European Equity Fund, Inc. (NYSE: EEA) and The New Germany Fund, Inc. (NYSE: GF) (each, a “Fund,” and, collectively, the “Funds”) each announced today that its Board of Directors declared the distributions set forth below. GF’s and EEA’s total distributions will be paid in cash to any stockholder of record as of May 15, 2023.

Details for each Fund’s distributions are as follows:

Declaration - 5/5/2023	Ex-Date - 5/12/2023		Record - 5/15/2023	Payable - 5/31/2023
Fund	Ticker	Net Investment Income per Share	Short-Term Capital Gains per Share	Long-Term Capital Gains per Share	Total Distribution per Share
The European Equity Fund, Inc.	EEA	$0.0325	$0.0000	$0.0000	$0.0325
The New Germany Fund, Inc.	GF	$0.0136	$0.0000	$0.0000	$0.0136

For more information on each Fund, including the most recent month-end performance, visit www.dwsfunds.com or call [phone].

Important Information

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.

The European Equity Fund, Inc. is diversified and primarily focuses its investments in equity securities of issuers domiciled in Europe, thereby increasing its vulnerability to developments in that region.
The New Germany Fund, Inc. is diversified and primarily focuses its investments in equity securities of issuers domiciled in Germany, thereby increasing its vulnerability to developments in that that country.