Deutsche Bank to Acquire UK Depository and Clearing Centre from JPMorgan

The DCC, a part of the Worldwide Securities Services business ofJPMorgan, supports the London Money Market and is a provider ofissuing and paying agent, clearing and settlement and custody servicesfor certificates of deposit in U.S. dollars, euro and other currenciesin the physical market, in addition to sterling in CREST. The DCCholds total assets of more than USD 180 billion and handles paperworth USD 30 billion daily. Its clients include UK banks and buildingsocieties, European financial institutions and global custodians.

Howard Topf, Head of Global Debt Services in Deutsche Bank'sGlobal Transaction Banking division, said, "The acquisition of the DCChelps strengthen our range of services for money market instrumentsand enables us to offer DCC services to our own clients. We will beworking closely with JPMorgan over the next several months to ensurecontinued service excellence and a seamless transition for DCCclients."

The transaction does not affect the activities of JPMorgan in thetwo major Commercial Paper markets - Europe and U.S. - which continueto be an integral part of the bank's offering.

About Deutsche Bank

With Euro 972 billion in assets and 63,751 employees, DeutscheBank offers unparalleled financial services in 74 countries throughoutthe world. Deutsche Bank competes to be the leading global provider offinancial solutions for demanding clients creating exceptional valuefor its shareholders and people.

Deutsche Bank ranks among the global leaders in corporate bankingand securities, transaction banking, asset management, and privatewealth management, and has a significant private and business bankingfranchise in Germany and other selected countries in ContinentalEurope.

www.db.com

Deutsche Bank's Global Debt Services business is one of theleading issuing & paying agents for short and medium term debtinstruments in the US and international markets, as well as providinga range of trustee, agency, depositary and related services for manyother types of financing including bonds, project financings, escrows,Islamic financings and syndicated loans.

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