MEDIA RELEASE

BSE empanels Deutsche Bank as a Clearing and Settlement bank

Mumbai, January 19 2009: The Bombay Stock Exchange (BSE), Asia's oldest bourse and Deutsche Bank, today entered into an agreement which empanels Deutsche Bank as a Clearing and Settlement Bank of the BSE.

Speaking on the occasion M. L. Soneji, Chief Operating Officer, BSE, said, "It is a matter of great pleasure for BSE to have Deutsche Bank as one of its clearing banks. BSE has taken many initiatives to enhance and provide value-added professional services to its members. This alliance is a significant milestone for BSE as we extend our footprint across the globe and seek Deutsche Bank's expertise in the global financial market to provide innovative products and services for the benefit of all our stakeholders."

Mrugank Paranjape, Head, Domestic Custody Services, Deutsche Bank, said, "Deutsche Bank is known for developing innovative solutions for its customers for over 29 years in India and has consistently demonstrated this in corporate banking and investment banking. This agreement allows us to extend our global expertise in clearing and settlement to clients in India."

About Bombay Stock Exchange Limited

Established in 1875, BSE is the oldest Stock Exchange in Asia. Earlier an Association of Persons (AoP), the Exchange is now a corporatised and demutualised entity. BSE reaches to around 360 cities and towns in India and has more than 4,800 listed companies on the board, with around 2900 scrips being traded and around 800 active members associated. The companies listed on BSE command a total market capitalization of more than USD 613 billion. The Exchange offers trading in the equity (cash and derivatives) and debt (corporate and government securities) segments.

About Deutsche Bank

Deutsche Bank is one of the largest financial institutions in Europe and the world and currently employing over 81,000 people on a full-time equivalent basis, operating in 75 countries. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. As a leading financial services provider, Deutsche Bank is committed to serving the interests of its shareholders, clients and society.

Kalyan S. Bose

Head - Corporate Affairs

January 19, 2009

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