April 21, 2006

DB Trust Company Limited Japan appoints Keiji Kitase as President and Representative Director

DB Trust Company Limited Japan (DB Trust Company) announced today that it has appointed Keiji Kitase as President and Representative Director. Mr. Kitase's appointment met with the approval of an extraordinary shareholder meeting and of the company's board of directors.

Mr. Kitase launched his career in 1988 with the former Mitsubishi Trust and Banking Corporation (now Mitsubishi UFJ Trust and Banking Corporation), gaining significant experience in advising on and executing syndicated loans, structured finance and other capital raisings for both Japanese and international clients. He also developed hands-on knowledge of asset backed securities (ABS) and mortgage backed securities (MBS) gaining experience in corporate entrustment services.

Most recently, Mr. Kitase spent five years based in Singapore, until March of this year, advising both Japanese and local clients on capital raising and asset liquidity, as well as conducting entrustment operations for non-Japanese investment clients of their holdings in Japanese real-estate.

Dinkar Jetley, Global Head of TSS at Deutsche Bank, said, "Since launching its TSS business in Japan in 2001, leveraging its global know-how and experience, Deutsche Bank Group is now a leader in the Japan market with a considerably expanded Japanese client base. I wish Keiji a warm welcome as President and Representative Director of DB Trust Company, where I believe his wide experience and expertise in the field of trust and securities services will bring a significant enhancement and expansion of our Japanese platform, and prove to be a pillar in the ongoing growth of the business."

For further information, please call:

Legal Council  
(81 3) 5156 5546

About Deutsche Bank Group

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 992 billion in assets and 63,427 employees, Deutsche Bank offers unparalleled financial services in 73 countries throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

In Japan, Deutsche Bank Group is engaged primarily in investment banking for corporate and institutional clients, corporate banking and asset management. The Group employs about 1,000 people.


Deutsche Bank's Trust & Securities Services business, part of Global Transaction Banking, is one of the leading depositary banks for American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) and a pioneer in the processing of Global Registered Shares. It currently administers over 150 programs for issuers in more than 35 countries. Trust & Securities Services at Deutsche Bank is also a leader in supporting complex debt structures. Through a fully integrated network of specialist offices worldwide, the group provides domestic custody in 27 securities markets as well as trustee, agency, depositary, SPV management and related services for all types of financing including bonds, medium term note and commercial paper programs, asset backed and mortgage backed securities, CDOs, SIVs, project financings, escrows and syndicated loans.