Deutsche Bank Appointed as Depositary Bank for the Regulation S and Ru

    Business Editors/Banking Writers/Financial Editors

    LONDON--(BUSINESS WIRE)--April 20, 2005--Deutsche Bank announces its appointment as depositary bank for the Regulation S and Rule 144A Global Depositary Receipt (GDR) program of SREI Infrastructure Finance Limited (SREI).
    SREI is a leading Indian infrastructure financing company primarily engaged in financing of construction equipment, infrastructure projects like roads, power and ports, and renewable energy equipment. SREI has a pan-India presence with a network of 32 offices and also has overseas offices in Germany, Russia and the UK.*
    Mr Hemant Kanoria, Vice Chairman & Managing Director from SREI said "We look forward to strengthening our relationship with Deutsche Bank through their appointment as depositary for our GDR issue".

    About Deutsche Bank

    With Euro 840 billion in assets and 65,400 employees, Deutsche Bank offers unparalleled financial services in 74 countries throughout the world. Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
    Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction banking, asset management, and private wealth management, and has a significant private & business banking franchise in Germany and other selected countries in Continental Europe.

    www.db.com

    Deutsche Bank, through its Trust & Securities Services business, is one of the leading depositary banks for American Depositary Receipts (ADRs) and GDRs and a pioneer in the processing of Global Registered Shares. It currently administers over 150 programs for issuers in more than 35 countries. Trust & Securities Services at Deutsche Bank is also a leader in supporting complex debt structures. Through a fully integrated network of specialist offices worldwide, the group provides domestic custody in 25 securities markets as well as trustee, agency, depositary, SPV management and related services for all types of financing including bonds, medium term note and commercial paper programs, asset backed and mortgage backed securities, CDOs, SIVs, project financings, escrows and syndicated loans.
    This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG London.

    *Source: SREI Infrastructure Finance Limited (April 2005)

    The Depositary Receipts have not been registered pursuant to the US Securities Act of 1933 (the "Act") and were sold pursuant to an exemption therefrom. Such Depositary Receipts may not be sold in the United States absent registration or applicable exemption from the registration requirements of the Act. The investment or investment service which is the subject of this announcement is not available to private customers as defined by the UK Financial Services Authority. This announcement 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. 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 announcement 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.

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CONTACT: Deutsche Bank Press Office Joanna McCulloch +44 20 7545 6941 or Ted Meyer +1 212 250 7253

KEYWORD: GERMANY UNITED KINGDOM INTERNATIONAL EUROPE INDUSTRY KEYWORD: BANKING SOURCE: Deutsche Bank

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