March 24, 2011

Deutsche Bank launches first Global Depositary Receipt program for a Vietnamese company

Deutsche Bank Trust Company Americas today announced its appointment as depositary bank for the London Stock Exchange-listed Global Depositary Receipt (GDR) program of Hoang Anh Gia Lai Joint Stock Company (HAGL).

HAGL is currently one of the largest private sector companies, by market capitalisation, listed on the HoChiMinh Stock Exchange. HAGL primarily operates in the following business sectors: real estate, rubber plantations, iron ore mining, hydropower and manufacturing. Originally focused in the Gia Lai province of Vietnam, HAGL has expanded its activities throughout Vietnam and into the neighbouring states of Laos and Cambodia. HAGL exports its products throughout Asia, Europe and the Americas.*

Akbar Poonawala, Head of Global Equity Services at Deutsche Bank said, “We are delighted to have HAGL as a client and to work on the first depositary receipt program from Vietnam. This pioneering mandate exemplifies our strong capabilities in the depositary receipts business.”

Doan Nguyen Duc, Chairman of HAGL, said, “We are pleased to engage Deutsche Bank as depositary for the first GDR program for a Vietnamese company. The GDR program provides an additional investment and trading venue to our investors.”

Elara Capital plc acted as Lead Manager and book-runner and Sacombank Securities Joint Stock Company acted as Vietnamese financial adviser on this transaction.

*Source: Hoang Anh Gia Lai Joint Stock Company (March 2011)

For further information, please call:

Deutsche Bank AG        
Press & Media Relations                        

Nick Probert
Phone: +44 207 547 1605

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.

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 both mutual and alternative fund administration and provides securities custody, clearing and agency lending services from a global network spanning more than 30 markets. Additional details are available on 

This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG London.

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