Repurchase of Receipts

Receipts are designed to be held until the Completion Date. However, in order to ensure as far as reasonably possible that Holders have an opportunity to liquify their investment in Capital Protected ChinaOpportunity Receipts should their personal circumstances change unexpectedly during the life of the investment, Holders can have their Receipts repurchased, (subject to the discretion of Deutsche Bank). A repurchase of Receipts will be based on an indicative price on the last business day of every month, being a price that Deutsche Bank would pay on that Trading Day if it accepts an offer from a Holder to repurchase a Receipt. The indicative repurchase price displayed represents the unwind value of Deutsche Bank's underlying hedge instruments and other costs, including break fees (if applicable).

As the repurchase of Receipts is based on an indicative price on the last business day of every month, Holders must notify Deutsche Bank in writing, by completing and signing a Repurchase of Receipts Notice. This Notice must be received by Deutsche Bank no later than 5pm on the fifth business day prior to the end of the current calendar month if Holders wish to have their Receipts repurchased on the basis of that month's Indicative Price.

Please fill out the Repurchase of Receipts Notice and mail it to Deutsche Bank at the following address:

• Deutsche Bank
  ATTN: Equity Operations, Capital Protected ChinaOpportunity Receipts
  GPO Box 7033
  Sydney, NSW 2001

Please call the Deutsche Bank Structured Products team on 02 8258 2475 if you have any queries or require additional information.

Repurchase of Receipts