Closing of Stabilisation Period for Sonata Securities SA's Exchangeable Bond

Not for release or distribution, directly or indirectly, in orinto the United States, Canada, Japan, Italy or Australia.

Deutsche Bank announces that in relation to Sonata Securities SA'sCHF 767.3 million non-recourse secured exchangeable bonds,exchangeable into shares of Adecco SA, it has not undertaken anystabilisation trading and it has elected not to do so.

The stabilisation period is therefore closed.

The material set forth herein is for information purposes only andis not an offer to sell, or the solicitation of an offer to buy, anysecurities, in any jurisdiction in which such offer, solicitation orsale would be unlawful. In particular, it is not an offer ofsecurities for sale or a solicitation of an offer to purchasesecurities in the United States. The offer and sale of the securitieshas not been, and will not be, registered under the United StatesSecurities Act of 1933, as amended. The securities may not be offeredor sold in the United States absent such registration other thanpursuant to an applicable exemption from registration. There will beno public offering of the securities in the United States.

In the United Kingdom, this press release is directed only atpersons who (i) are investment professionals falling within Article19(5) of the Financial Services and Markets Act 2000 (FinancialPromotion) Order 2005 (the "Financial Promotion Order"), (ii) personsfalling within any of the categories of persons described in Article49 of the Financial Promotion Order and (iii) any other persons towhom it may otherwise lawfully be made. Persons of any otherdescription should not act upon this document.

Deutsche Bank, which is regulated by the Financial ServicesAuthority for the conduct of designated investment business in the UK,is acting for Sonata Securities SA and no one else in connection withthe Offer and will not be responsible to anyone other than SonataSecurities SA for providing the protections afforded to it.

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