RBC Dexia Named Trustee and Scheme Administrator for The Hongkong and
Shanghai Hotels Limited

HONG KONG, May 9 /CNW/ - RBC Dexia Trust Services Hong Kong Limited today announced it has been awarded a mandate by The Hongkong and Shanghai Hotels Limited (HSH) to be trustee and scheme administrator for the company's pension scheme, Occupational Retirement Scheme Ordinance (ORSO). At project inception, the scheme holds a portfolio of over (euro)40 million.

Neil Galloway, Finance Director & Chief Financial Officer, said: "After a comprehensive review of the various providers in the marketplace, we decided to partner with RBC Dexia, whose product and services meet our requirements to what we believe is a 'best in class' standard. Working with RBC Dexia allows us to take advantage of its strong global capabilities whilst leveraging its specialist expertise and solid track record of good governance and efficient service."

"RBC Dexia is very pleased to have been selected by HSH," said Scott McLaren, Head of Asia Pacific Sales and Distribution at RBC Dexia. "Working with clients such as HSH and enabling them to focus on their strategic business priorities is the cornerstone of our service offering and our strong capabilities in this sector make us a natural partner. We are well versed in supporting the needs of clients such as HSH and look forward to fostering a mutually beneficial partnership."

RBC Dexia Investor Services was recently ranked number one overall in the Global Investor Global Custody Survey for the sixth consecutive year (2004 - 2009). RBC Dexia also excelled in the annual R&M Consultants Global Custody Survey, and was ranked the number one service provider by fund managers and number one for Europe in Global Custodian's 2009 Global Custody Survey. RBC Dexia was also named Global Custody: Client Relationship Manager of the Year in ICFA's 2009 Global Awards.

About The Hongkong and Shanghai Hotels, Limited (HSH)

Incorporated in 1866 and listed on the Hong Kong Stock Exchange (00045), HSH is a holding company whose subsidiaries, associates and jointly controlled entity are engaged in the ownership and management of prestigious hotel, commercial and residential properties in key destinations in Asia, the USA and Europe. The hotel portfolio of the Group comprises The Peninsula Hong Kong, The Peninsula Shanghai, The Peninsula Beijing, The Peninsula New York, The Peninsula Chicago, The Peninsula Beverly Hills, The Peninsula Tokyo, The Peninsula Bangkok, The Peninsula Manila and The Peninsula Paris (opening in 2012). The property portfolio of the Group includes The Repulse Bay Complex, The Peak Tower and The Peak Tramways, St. John's Building, The Landmark in Ho Chi Minh City, Vietnam and the Thai Country Club in Bangkok, Thailand.

About RBC Dexia Investor Services

RBC Dexia Investor Services offers a complete range of investor services to institutions worldwide. Our unique offshore and onshore solutions, combined with the expertise of our 5,300 professionals in 16 markets, help clients grow their business and sustain enhanced performance through efficiency improvements and robust risk management practices. Equally owned by RBC and Dexia, the company ranks among the world's top 10 global custodians with USD 2.5 trillion in client assets under administration.

RBC Dexia Investor Services Limited is a holding company that provides strategic direction and management oversight to its affiliates, including RBC Dexia Investor Services Bank S.A., a credit institution licensed in Luxembourg by the Commission de Surveillance du Secteur Financier and the Ministry of Finance. All are licensed users of the RBC trademark (a registered trademark of Royal Bank of Canada) and Dexia trademark (a registered mark of Dexia Crédit Local) and conduct their global custody and investment administration business under the RBC Dexia Investor Services brand name.

For further information: Tracey Dawes-Lucas, Sydney, +(612) 8262 5011, [email protected]; Jason Graham, [phone], [email protected]