DBS sets up US$5bn Euro-Commercial Paper Programme

Proceeds to be used for the general business purposes of DBS and its subsidiaries.

DBS Bank Ltd. (“DBS”) has established a USD 5 billion Euro-Commercial Paper Programme (the “Programme”), under which DBS may issue euro-commercial paper notes (the “Notes”).

Credit Suisse (Singapore) Limited and DBS are the Arrangers of the Programme. Banc of America Securities Limited, Credit Suisse Securities (Europe) Limited, DBS, Deutsche Bank AG, London Branch and Goldman Sachs International have been appointed as Dealers under the Programme, according to a DBS report.

Net proceeds from the issue of Notes under the Programme will be used for the general business purposes of DBS and its consolidated subsidiaries.

Notes issued under the Programme will not be listed on any stock exchange.