NEW GERMANY FUND INC — Proxy Solicitation & Information Statement 2006

Jun 6, 2006

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SCHEDULE 14A

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(RULE 14a-101)

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INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION

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Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

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Filed by the Registrant [X]

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Filed by a party other than the Registrant [_]

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Check the appropriate box:

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[_] Preliminary proxy statement.

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[_] Definitive proxy statement.

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[X] Definitive additional materials.

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[_] Soliciting material under Rule 14a-12.

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[_] Confidential, for use of the Commission only (as permitted by Rule 14a-6(e)(2)).

MARKER FORMAT-SHEET="Cutoff rule centered" FSL="Workstation" THE NEW GERMANY FUND, INC. MARKER FORMAT-SHEET="Cutoff rule centered" FSL="Workstation"

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(Name of Registrant as Specified in Its Charter) MARKER FORMAT-SHEET="Cutoff rule centered" FSL="Workstation"

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(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) MARKER FORMAT-SHEET="Para Flush 00" FSL="Workstation"

Payment of filing fee (check the appropriate box):

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[X] No fee required.

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[_] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

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(1) Title of each class of securities to which transaction applies:

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(2) Aggregate number of securities to which transaction applies:

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(3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):

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(4) Proposed maximum aggregate value of transaction:

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(5) Total fee paid:

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[_] Fee paid previously with preliminary materials.

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[_] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing.

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(1) Amount Previously Paid:

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(2) Form, Schedule or Registration Statement No.:

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(3) Filing Party:

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(4) Date Filed:

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The New Germany Fund, Inc.

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Press Release

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For additional information: Mayura Hooper (212) 250-5536, Media Jonathan Diorio (212) 454-2208, Investors

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THE NEW GERMANY FUND, INC. ANNOUNCES TENDER OFFER IF DISCOUNT EXCEEDS 10%

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FOR IMMEDIATE RELEASE

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New York, New York, June 5, 2006 – The New Germany Fund, Inc. (NYSE: GF) today announced that its Board has authorized a cash tender offer to occur if the discount from average daily net asset value of the volume-weighted average daily market price of Fund shares is greater than 10% for the six-month period July 1, 2006 through December 31, 2006. The tender offer would be for up to 10% of the Fund's outstanding shares at a price of 95% of net asset value per share, and would be commenced within 60 days after the end of the six-month measurement period.

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The New Germany Fund, Inc. is a non-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” . The Fund is managed and advised by members of the Deutsche Bank Group.

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The Fund is non-diversified and can take larger positions in fewer companies, increasing its overall risk profile. Investments in securities of foreign issuers present greater risks including currency fluctuations and changes in political/economic conditions. Foreign securities markets generally exhibit greater price volatility and less liquid than the US markets.

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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. Past performance does not guarantee future results.

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Fund shares are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Fund shares involve investment risk, including possible loss of principal. 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. (06/06 45214)

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NOT FDIC/NCUA INSURED MAY LOSE VALUE NOT A DEPOSIT NO BANK GUARANTEE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

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