Deutsche Bank Appointed as Depositary Bank for the Sponsored Level I American Depositary Receipt Program of BDO Unibank, Inc.

  Deutsche Bank Appointed as Depositary Bank for the Sponsored Level I
  American Depositary Receipt Program of BDO Unibank, Inc.

Business Wire

NEW YORK -- April 18, 2013

Deutsche Bank today announced its appointment as depositary bank for the
non-capital raising sponsored Level I American Depositary Receipt (ADR)
program of BDO Unibank, Inc. (BDO Unibank).

BDO Unibank is a full-service universal bank which provides a wide range of
corporate, commercial and retail banking services. These services include loan
and deposit products, treasury, trust banking, investment banking, private
banking, cash management, leasing and finance, remittance, insurance, retail
cash cards and credit card services. BDO has one of the largest distribution
networks, with more than 770 operating branches and over 1,900 ATMs
nationwide. It also has a branch in Hong Kong as well as 15 overseas
remittance and representative offices in Asia, Europe, North America and the
Middle East.*

Edwin Reyes, Global Head of Depositary Receipts at Deutsche Bank, said, “We
are delighted to be acting as depositary bank on this ADR transaction with BDO
Unibank. We look forward to providing this client with the highest level of
service for their newly-launched program.”

*Source: BDO Unibank, Inc. (April 2013)

About Deutsche Bank 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 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 New York.

American 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 New York. 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© April 2013 Deutsche Bank AG. All
rights reserved.

    Issued by press              Internet: http://www.db.com
    department of Deutsche
  Bank AG NY                http://www.db.com/press
    60 Wall Street, New
    York, NY 10005               E-Mail: press-media-relations.americas@db.com
    Phone +1 212 250 7171

Contact:

Deutsche Bank AG
Press & Media Relations
Duncan King, 212-250-4864
duncan.king@db.com