London, April 1, 2011

DB Advisors welcomes opportunity to expand money market funds


DB Advisors, Deutsche Bank’s global institutional asset management business, said today that it would welcome an opportunity to amalgamate some of Standard Life Investments (Global Liquidity Funds) p.l.c.’s money market funds into the DB Advisors fund range.

Standard Life Investments (Global Liquidity Funds) p.l.c has proposed to shareholders in its Sterling, Euro, and U.S. Dollar Liquidity Funds that these sub-funds are merged with DB Advisors’ Deutsche Global Liquidity Series (DGLS) money market funds. The funds are constant net asset value (NAV), AAA-rated, money market funds. A shareholder vote is expected in April.

Standard Life Investments currently manage assets of £5.6 billion, €2.0 billion and $172 million for the (Global Liquidity Funds) plc. If shareholders vote in favour of amalgamation, it is expected that a significant proportion of these assets will transfer to DB Advisors. Figures are subject to change.

The announcement of this proposed amalgamation follows the successful conclusion of a similar initiative between DB Advisors and Henderson Global Investors. In March 2011, DB Advisors completed the merger of the Henderson Liquid Assets Fund into its Sterling-denominated DGLS fund. Approximately £2.5 billion of assets were transferred to DB Advisors.

Mark Bolton, CEO of DB Advisors UK, said: “DB Advisors is committed to serving the needs of money market fund investors worldwide. We would be delighted to welcome investors in these funds to our global platform, which has deep resources, a robust credit process and a strong commitment to transparency.”

With over €94 billion in money market assets under management (as at December 31, 2010), DB Advisors is a leading provider of cash and short duration investment strategies for investors worldwide. These include U.S. dollar, Euro, and Sterling pooled money market funds, as well as bespoke separately managed accounts. DB Advisors was named “Best Provider of Money Market Funds – Western Europe, 2011” by Global Finance magazine.

For further information, please call:

Deutsche Bank AG                                
Alison Taylor                        
+44 (0) 20 7545 7790
alison.taylor@db.co.uk

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 74 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.

www.db.com




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