Awards & Accolades

2003

FinanceAsia

Achievement Awards 2003

Deals of the Year:
Best Structured Loan
(Hanaro Telecom $600 million loan)

Country Deal Awards:
Best Deal by Country
(SingPost $452 million IPO)

AsiaRisk

Interest Rate Products

Interest Rate Swaps:
Ranked 2nd - Hong Kong Dollar
Ranked 1st - Singapore Dollar

Interest Rate Option:
Ranked 3rd - Hong Kong Dollar
Ranked 1st - Singapore Dollar

Interest Rate Swaptions:
Ranked 2nd - Hong Kong Dollar
Ranked 1st - Singapore Dollar

Forward Rate Agreements:
Ranked 1st - Singapore Dollar

Currency Products

Cross-Currency Swaps:
Ranked 2nd - Hong Kong Dollar
Ranked 1st - Singapore Dollar

Currency Options:
Ranked 5th - Singapore Dollar
Ranked 5th - Thai Baht

Currency Forwards:
Ranked 1st - Singapore Dollar
Ranked 2nd - Thai Baht

IFR

Asia Awards 2003 - Review of the Year

Asian Loan House of the Year

IFR

Ranked Top:
Top bookrunners of SIngapore dollar bonds
Ranked Top:
Top bookrunners of Singapore dollar bonds (domestic)
Ranked 6th:
Top bookrunners of Singapore dollar bonds (non-domestic)
Ranked 8th:
Top bookrunners of Asia Pacific syndicated loans (ex-Japan & Australia)
Ranked 7th:
Top mandated arrangers of Asia Pacific syndicated loans (ex-Japan & Australia)
Ranked 7th:
Top bookrunners of Philippines syndicated loans
Ranked 7th:
Top bookrunners of Hong Kong syndicated loans
Ranked 9th:
Top bookrunners of Malaysia syndicated loans
Ranked 3rd:
Top bookrunners of Singapore syndicated loans
Ranked 6th:
Top bookrunners of South Korea syndicated loans

The Asset

The Asset's Triple A Country Awards 2003

Best Domestic Investment Bank

Editor Daniel Yu has this to say in commenting about our performance: "DBS Bank has pulled away from the pack as the domestic investment bank of choice in Singapore this year, a testament to the success of its focused strategy to become a force in investment banking. It sends a clear message also of its capability to structure similarly significant deals in Asia. It was involved in several landmark transactions including as the global coordinator and joint bookrunner of the S$684 million IPO for Singapore Post as well as SingPost's S$300 million inaugural bond issue. DBS Bank was also the joint lead manager for the SP PowerAssets' S$3.8 billion dual currency issue, the largest bond offering in Singapore in 2003."

Asiamoney

Brokers Poll

DBS Vickers
Overall Combined Research & Sales
Ranked 17th: Overall
Ranked 19th: Mega Funds
Ranked 18th: Hedge Funds

Overall Research
Ranked 17th: Hedge Funds

Overseas Sales
Ranked 17th: Overall
Ranked 18th: Mega Funds
Ranked 19th: Hedge Funds

The Asset

The Asia Equities Benchmark Survey 2003

Top local Asian brokerage houses by country:
DBS Vickers
Ranked 3rd in Region: Weighted by Tier Shares
Ranked 2nd in Region: Weighted by Assets
Ranked 4th in Region: Weighted by Turnover

The Straits Times

3rd Annual Call Centre Awards 2003

Individual Awards:
Call Centre Champion of the Year 2003 - Runner-up
Team Leader of the Year 2003 - Runner-up

The Asset

The Most Astute Fixed Income Investors:

Alfred Ting - DBS

IFR

Ranked 14th:
Top mandated arrangers of Asia Pacific syndicated loans (ex-Japan)
Ranked 8th:
Top mandated arrangers of Asia Pacific syndicated loans (ex-Japan & Australia)
Ranked 8th:
Top bookrunners of Asia Pacific syndicated loans (ex-Japan & Australia)
Ranked 10th:
Top bookrunners of international Asia Pacific equity (ex-Japan)
Ranked 9th:
Top bookrunners of global common stock Asia Pacific (ex-Japan) - DBS Group
Ranked 10th:
Top bookrunners of international Asia Pacific equity (ex-Japan & Australia) - DBS Group
Ranked 8th:
Top bookrunners of global common stock Asia Pacific (ex-Japan & Australia)

Ranked 18th:
Top bookrunners of syndicated credits
Ranked 17th:
Top mandated arrangers of syndicated credits
Ranked 9th:
Bookrunners of Asia-Pacific deals (excluding Japan)
Ranked 4th:
Bookrunners of Asia-Pacific IPOs (excluding Japan)
Ranked 18th:
All international equities top 20 positions (Bookrunners ranked by amount)

Basic Point

Ranked 3rd:
Top Tier Arrangers - Singapore Loans (Jan - Sep 2003)
Ranked 7th:
Top Tier Arrangers - South Korea Loans (Jan-Sep 2003)
Ranked 8th:
Top Tier Arrangers - Asian Loans (Jan - Sep 2003)

The Asset

The Best Credits in Asia

Weighted by assets

Risk

Risk Global Derivatives Ranking 2003:

Ranked 4th (US dollar/Asia)

Global Finance

Best Sub-Custodians 2003 Country Winners - DBS

Asiamoney

Corporate Results

Ranked 11th:
Weighted overall Best Fores Banks in Asia (ex-Australia & New Zealand)
Ranked 3rd:
Best overall FX Services (Singapore)
Ranked 2nd:
Best overall FX Services - SGD/USD (Singapore)
Ranked 3rd:
Best for Executing Trades in Terms of overall speed, efficiency and services (Singapore)
Ranked 4th:
Best Relationship Management (Singapore)

Financial Institutions Results
Ranked 5th: Best FX Options ( C) Asian currencies-vanilla
Ranked 2nd: Best FX Options (D) Asian currencies-exotics

Euromoney

Awards for Excellence 2003

Best Bank - DBS Bank
Best Equity House - DBS Bank
Best Debt House - DBS Bank

IFR Asia

Ranked 3rd:
Top Bookrunners of Singapore Syndicated Loans
Ranked 7th:
Top Bookrunners of Singapore Dollar Bonds
Ranked 6th:
Top Bookrunners of Singapore Dollar Bonds (Domestic)

Basic Point

Ranked 4th: Top Tier Arrangers

IFR

Regional Tables

Ranked 14th: Top 50 Asia-Pacific loan bookrunners

Asiamoney

League Table
(Jan 1 - May 31, 2003)

Ranked 7th: M&A-Advisers Asia (ex-Japan)
(US$2.115)

Euromoney

Ranked by Shareholder Equity:
No. 61 position

FinanceAsia

Country Awards for Achievement 2003

Best Local Investment Bank - DBS
Best Local Broker - DBS Vickers Securities

AsiaRisk

Annual End-User Poll 2003

Ranked 3rd:
Interest Rate Options - Singapore Dollar
Ranked 3rd:
Cross-Currency Swaps - Singapore Dollar
Ranked 2nd:
Currency Options - Singapore Dollar
Ranked 1st:
Currency Forwards - Singapore Dollar
Ranked 2nd:
Forward Rate Agreements - Singapore Dollar

The Business Times

Survey - Poll of CFOs in nine Asian Economies
Conducted by Australian Consultant East & Co

Ranked 3rd: Value for Money - DBS Bank

Asiamoney

Cash Management Poll

Ranked 5th: Best Non-Japan Asian Currencies
Correspondent Banking Services (US$ 5-25bn) and more than US$25bn)

SPRING Singapore

'Singapore Quality Class' Certification Award:

DBS Bank, Processing and Servicing Division

Asiamoney

League Table (1 January- 30 April 2003)

Ranked 7th: M&A-Advisers Asia (ex-Japan)(US$2.115)

Cash Management Poll
Ranked 10th: Overall Best Global/Regional Cash
Management Bank in Asia, including Japan

Ranked 3rd: Best Cash Management Banks in Singapore

Best Domestic Bank Award (Singapore)
Best Domestic Bond House in Singapore - DBS Bank
Best Domestic Equities House in Singapore - DBS Vickers

Global Finance

Annual Survey on World's Best Treasury & Cash Management Providers:

Best CLS-Linked Bank Offering (Asia)

Forbes

A-List (Forbes collection of the world's 400 finest companies)

Project Finance

Asia Pacific Telecom Deal of the Year for 2002

Maxis Mobile/Maxis Communications US$435 million term loan transaction

FinanceAsia

Top in Best Corporate Governance

The Asset

Best New Structure Equity Issue - A REIT

Global Finance

Annual Award (Regional & Country):

Best Exchange Bank & Providers for 2003

The Asian Banker Journal

The Asian Banker Excellence in Retail Banking Awards 2002

Honourable mention for Products and Services Excellence (Singapore) - DBS Cashline

Singapore 1000 2002/2003 Awards

Highest Net Profit

IFR Asia

Awards 2002 `Review of the Year'

- China Loan of the Year (Shanghai Hua Qing Real Estate)
- Singapore Loan House of the Year

The Asset

Asian Awards 2003

Best Domestic Investment Bank

Global Finance

Best Bank Awards 2002

Best Bank in Singapore

The Asset

Asian Awards 2002

Best Domestic Bank in Singapore

Ranked 2nd:
Best in Corporate Governance in Singapore
Best Mid-Cap Loan House
Best New Equity Structure for Ascendas REIT

29th Annual Report Awards Competition 2003

2nd Runner-up for Best Corporate Governance (DBS Group)
Winner of Certificate of Special Commendation (DBS Group)