New York, October 6, 2010

Deutsche Bank appointed as depositary bank for American Depositary Share program of Elster Group SE


Deutsche Bank today announced its appointment as depositary bank for the NYSE listed American Depositary Share (ADS) program of Elster Group SE (Elster).

Elster is one of the world’s largest electricity, gas and water measurement and control providers. Their offerings include distribution monitoring and control, advanced smart metering, demand response, networking and software solutions, and numerous related communications and services – key components for enabling consumer choice, operational efficiency and conservation. Their products and solutions are widely used by utilities in the traditional and emerging Smart Grid markets. 

Elster has one of the most extensive installed revenue measurement bases in the world, with more than 200 million metering devices deployed over the course of the last 10 years. It sells its products and services in more than 130 countries across electricity, gas, water and multi-utility applications for residential, commercial and industrial, and transmission and distribution applications.*

Akbar Poonawala, Head of Global Equity Services at Deutsche Bank said, “We are delighted to be mandated Elster’s depositary bank. We look forward to working with Elster on its initiatives to broaden its investor base.”

*Source: Elster Group SE (October 2010)


For further information, please call:

Deutsche Bank AG 
Press & Media Relations   

Scott Helfman     
Phone: +1 212 250 5602 
E-Mail: scott.helfman@db.com



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Trust & Securities Services
Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, Nasdaq, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers fund and hedge fund administration and, through a fully integrated network of specialist offices worldwide, provides domestic custody services in more than 30 securities markets. Additional details are available on www.adr.db.com

The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Services Authority. This notice has been approved and/or communicated by Deutsche Bank AG London. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© October 2010 Deutsche Bank AG. All rights reserved.




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