March 24, 2008

Deutsche Bank AG Tokyo Branch closes financing for acquisition of Shinsei Bank headquarters building

Deutsche Bank AG Tokyo Branch (Deutsche Bank) today announced that it has closed an approximately 90 billion non-recourse financing to a TMK (tokutei mokuteki kaisya) for its acquisition of the headquarters building of Shinsei Bank, Limited (Shinsei Bank).

The non-recourse financing was provided to the TMK backed by a trust beneficiary certificate with the Shinsei Bank building as the underlying asset. The TMK, which acquired the 20-storey single Class A office building in one of Tokyo’s prime office districts, is a special purpose company, established and owned by a real estate fund managed by Morgan Stanley.  

Deutsche Bank Group is developing a broad real estate investment banking business providing non-recourse financing, commercial mortgage backed securitisation, and other solutions through the Group’s operating companies, focused on liquidity in the real estate sector and on meeting client needs through the strengths of its financial platform and global resources.

For further information, please call:

Deutsche Bank AG, Tokyo Branch
Communications        (81 3) 5156 4000

About Deutsche Bank

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 78,291 employees in 76 countries, Deutsche Bank offers unparalleled financial services 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 1,350 people.