Deutsche Securities Inc. (DSI) has fulfilled the requirements of the Tokyo Stock Exchange (TSE) following its sanctions of a JPY3 million fine and request for the submission of a business improvement plan.

DSI is already implementing the measures outlined in the business improvement plan to further strengthen information management and prevent the recurrence of any such incident. DSI treats this matter very seriously and is taking all steps to ensure its compliance with laws and regulations and the maintenance of tight internal controls, to retain the confidence and trust of all its stakeholders.

The business improvement plan submitted to the TSE covers the following main topics:

1. Strengthening understanding for the importance of information management among directors and employees;


2. Tightening of the information transmission process;


3. Strengthening the operational process for the underwriting of MSCBs and other products; and


4. Strengthening of the Compliance Department and understanding among its staff.

For further information, please call:

Deutsche Securities Inc.
Seiko Adachi / Aston Bridgman (81 3) 5156 7705/7709
Communications, Region Japan