Completion of Receipts

The Receipts issued by Deutsche Bank will mature on 10 June 2014 (the Completion Date). The investment terms and conditions are set out in the Pricing Supplement dated 7 June 2004 and the Information Memorandum for Index Investment Receipts dated 15 March 2004 (together the Receipt Terms).

In accordance with the Receipt Terms, the Physical Settlement Portfolio to be delivered to Holders by Deutsche Bank will be determined on the final Valuation Date.  However, due to provisions of the Receipt Terms relating to the practicality of delivery and liquidity of constituents, Deutsche Bank has determined that it will consist of Hong Kong securities only.  The Receipt Terms are to be read accordingly.  This does not affect the Physical Settlement Value under the Receipt Terms.

In accordance with the Receipt Terms, if a Holder wants Deutsche Bank to transfer the Physical Settlement Portfolio to them, the Holder must satisfy the Completion Requirements (as set out below) by 30 April 2014.

If a Holder:

• decides they want Deutsche Bank to sell the Physical Settlement Portfolio on their behalf, or
• does not satisfy the Completion Requirements to Deutsche Bank’s satisfaction in full by 30 April 2014, including if the Holder only partly satisfy the Completion Requirements by that date,

then, in accordance with the Receipts Terms, Deutsch Bank will arrange for the sale of the Physical Settlement Portfolio on behalf of the Holder.  Deutsche Bank will pay the Holder an amount calculated as the Physical Settlement Value less the Completion Amount and any Holder Expenses on the Completion Date.  This process is referred to as the Sale Process.

Completion Requirements

For the Completion Requirements to be satisfied the following must have occurred to Deutsche Bank’s satisfaction on or before 30 April 2014.

1. payment by the Holder of the Completion Amount (AUD 50.00 for each Receipt).  
2. payment by the Holder of the applicable Holder Expenses (AUD 58.00 for each Receipt that is to be completed by the Holder).
3. delivery of Ten (10) Hong Kong Stock Transfer Forms signed and witnessed with Transferee details completed. 
4. delivery of a valid Completion Notice, which includes the Holder’s appointment of Deutsche Bank as its attorney to complete certain information on Hong Kong Stock Transfer Form.

Completion requirements can be mailed 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 on 02 8258 2475 if you have any queries or require additional information.

Completion Notice

Hong Kong Stock Transfer Form