LONDON / UNITED ARAB EMIRATES / SINGAPORE, April 28, 2008 - Deutsche Bank today announced its appointment as Depositary Bank for the Regulation S and Rule 144A Global Depositary Receipt (GDR) program of Depa Limited (Depa).
Depa is a leading provider of interior contracting services in the Middle East, North Africa and Asia. They operate principally in the luxury fit-out sector with a focus primarily on the hospitality, commercial and residential property developments as well as airport, retail, yacht, theming and specialist fit-out sectors. In addition, Depa provides manufactured products and procurement services which are used in its in-house operations as well as provided to third parties. It has a network of subsidiaries, joint ventures and affiliates in 15 countries through which Depa has successfully executed projects in over 20 countries.*
Akbar Poonawala, Head of Global Equity Services (GES) at Deutsche Bank said, “Winning the depositary mandate for Depa’s GDR programme represents significant recognition of Deutsche Bank’s superior customized client servicing capabilities from this prestigious company. We look forward to demonstrating our commitment to the region by working with Depa to enhance its GDR programme within the international investor community.”
For further information, please call:
Oonagh Baerveldt +44 (0) 20 7547 1605
Press Office +971 4 361 1744
Pwai-Foon Tang +65 6423 8189
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.
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 debt financings including bonds, medium term note and commercial paper programs, asset backed and mortgage backed securities, collateralized debt obligations, project financings, escrows and syndicated loans. It is also one of the leading depositaries for American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs), and, through a fully integrated network of specialist offices worldwide, provides domestic custody services in 28 securities markets.
This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG London.
*Source: Depa Limited (April 2008)