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Deutsche Bank Appointed as Successor Depositary Bank for the American Depositary Receipt Programs of FIAT S.p.A.


LONDON -- Deutsche Bank announces its appointment as successor depositary bank for the New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 Stock Exchange-listed American Depositary Receipt American Depositary Receipt (ADR)

Certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue.
 (ADR ADR - Astra Digital Radio ) programs of FIAT S.p.A. (FIAT).

FIAT is one of the largest industrial groups in Italy, and also has extensive operations in the rest of Europe, the United States and in other parts of the world. The FIAT Group is engaged principally in the manufacture and sale of automobiles, commercial vehicles and agricultural and construction equipment. The Group also manufactures, for use by its automotive sectors and for sale to third parties, other automotive-related products and systems (principally powertrains, components, metallurgical products and production systems), as well as being involved in publishing and communications."(a)

Akbar Poonawala, Head of Global Equity Services at Deutsche Bank said, "We welcome FIAT's decision to appoint Deutsche Bank as depositary bank. We believe our market leading expertise will provide FIAT's ADR investors with a superior level of service."

About Deutsche Bank

Deutsche Bank (NYSE NYSE

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:DB)(GER GER German/Germany
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)(LSE LSE - Language Sensitive Editor :DBK) 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 Euro 1,097 billion in assets and 67,474 employees in 73 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.

www.db.com

Deutsche Bank's Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV SPV

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 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.

(a)Source: FIAT S.p.A. (December 2006)
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Publication:Business Wire
Date:Jan 3, 2007
Words:372
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