Akbar Poonawala, Head of Global Equity Services at Deutsche Bank said, "We are delighted to be appointed depositary bank for Sanlam's sponsored ADR program. Utilizing Deutsche Bank's specialized services, we look forward to working with Sanlam to help enhance its ADR investor relations and develop the program."

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 78,530 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

www.db.com

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 fund and hedge fund administration and, through a fully integrated network of specialist offices worldwide, provides domestic custody services in more than 30 securities markets. Additional details are available on www.adr.db.com or www.tss.db.com.

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

*Source: Sanlam Limited (November 2009)

The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Services Authority. This notice has been approved and/or communicated by Deutsche Bank AG London. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright(C) November 2009 Deutsche Bank AG. All rights reserved.

SOURCE: Deutsche Bank

Deutsche Bank: 
Libby Young, +44 (0) 20 7545 6941 
Press Office 
or 
John Gallagher, +1 212 250 4516 
Press Office

"We are delighted to have appointed Deutsche Bank to manage our ADR program and look forward to working with the global team to develop our ADR program," said Jacques Tierny, Chief Financial Officer at Gemalto.

((Comments on this story may be sent to health@closeupmedia.com))

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After the deal, the stake Deutsche Bank controls in Hua Xia Bank will reach 14.7 percent, exceeding a 13.98 percent held by Shougang Group and letting the German lender become the biggest shareholder of the Shanghai-traded bank. In addition, Deutsche Bank controls a 2.42 percent stake in Hua Xia Bank via its wholly-owned subsidiary Deutsche Bank Luxemburg SA. So, the stake it directly and indirectly holds in the Chinese bank totals 17.12 percent, with an average cost of CNY 7.73 per share.

In order to catch up with Deutsche Bank in terms of Hua Xia Ban stake, Shougang Group should spend at least CNY 437 million, said industry observers. It has been unknown through what ways the steelmaker will achieve the goal. Notably, the aforesaid stake sale has not gained approval from the board of Hua Xia Bank, at which Deutsche Bank and Shougang Group each has two seats. The deal will be voted by the board under concerned legal procedures, Zhao Junxue, board secretary of Hua Xia Bank, said on November 22.

In addition to approval from the board, the deal has to win a nod from the China Banking Regulatory Commission (CBRC) and the Ministry of Commerce. Notably, the biggest shareholder does not mean the controlling shareholder, pointed Tang Yayun, an analyst with Orient Securities Co., Ltd. The stake a single foreign financial institution holds in a Chinese one is not allowed to exceed 20 percent in line with concerned rules by the CBRC. So there is little room for the German bank to buy more into the Chinese one. And the stake Shougang Group and its to-some-extent coordinator State Grid Corp of China hold in Hua Xia Bank totals 25.92 percent.

(USD 1 = CNY 6.83 and USD 1= EUR 0.67)

Source: www.p5w.net (November 23, 2009)