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TOPDWH - Deutsche Bank AG - Notice: TOPDWH non barrier event

Release Date: 24/02/2011 16:33
Code(s): JSE TOPDWH
Wrap Text

TOPDWH - Deutsche Bank AG - Notice: TOPDWH non barrier event Deutsche Bank AG (incorporated under the laws of the Federal Republic of Germany) acting through its London branch Alpha Code: TOPDWH ISIN NO: DE000DB7Q0C7 NOTICE : TOPDWH non barrier event. At approximately 1500 today a large market capitalisation stock was pushed into a volatility auction which caused the TOP40 index to temporarily print at a low of 28 202 which was below the barrier level of the listed warrant TOPDWH. After consultation with the JSE it was agreed that this was a trader error which could not be corrected because the error trades did not qualify for contra trades in terms of JSE Rules and that there would be no changes to the official index levels of the day. However due to the erroneous nature of the print, Deutsche Bank has exercised its discretion to deem that the wave warrant TOPDWH has not hit the barrier level and will continue to trade until such time as the relevant level is breached. Deutsche Bank has made this decision in the interests of market participants in this product, however in no way does this represent a precedent for any future trading or barrier events. For further information contact: X-markets Team Tel: +27 11 775 7991 24 Feb 2011 Date: 24/02/2011 16:33:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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