Deutsche Bank ETF Site

General Terms & Conditions

Copyright © 2007


1. No offer

Nothing contained on this Website should be considered as an offer to purchase any of the products as described on this Website. Pricing levels and valuations published on the Website are indicative and they and other information displayed thereon are for information purposes only.

2. Decisiveness of offering circular or prospectus

An offering circular or prospectus referring to a specific product is available on the Website in certain cases. Users should carefully read the information contained therein before making any investment decision. The prospectus can be obtained at the seat of db x-trackers and with Deutsche Bank AG, TSS/Global Equity Services, Taunusanlage 12, 60325 Frankfurt am Main, Germany, Tel: 0049 (69) 910 38794, email: core.emfo@db.com.

3. No investment advice

Information made available on the Website should not be considered as investment advice or any form of recommendation to purchase products described thereon.

4. Historical performance

Past performance information contained on the Website is not indicative of future results.

5. No warranties for contents

Although best efforts have been used to ensure that the information set out on the Website is reliable, no warranty is made as to its accuracy, completeness and adequacy. Any opinions expressed reflect the current view of Deutsche Bank AG (db x-trackers), in its capacity as distributor, which may change without notice.

6. Use of the Website

6.1. Changes of the Website

Deutsche Bank AG (db x-trackers) reserves the right to partly or completely change the Website at any time and to restrict, interrupt or terminate its service.

6.2. Changes of General Terms and Conditions of Use

Deutsche Bank AG (db x-trackers) reserves the right to modify or amend these terms and conditions at any time.

7. Copyright

Content and design of the Website are protected by copyright. Any copying of the Website or of its content requires the preliminary written consent of Deutsche Bank AG (db x-trackers).

8. Privacy Policy

Deutsche Bank AG (db x-trackers) respects your privacy. Personal data, which are collected when visiting our website, are processed according to requirements under German law.

9. Safety of Communication

Communications over the Internet and by e-mail cannot be guaranteed to be secure. There is a risk that information contained within an e-mail communication and any attachment thereto, including potentially confidential information, may be intercepted, lost, destroyed or delayed in transmission. Although Deutsche Bank AG (db x-trackers) will use reasonable efforts to minimise such risk, it does not warrant that any communication or e-mail or any attachments thereto, that is sent out, will be free from viruses, worms or other harmful components.

10. Hyperlinks

Certain hypertext links on the Website may lead the user to websites that are not under the control or charge of Deutsche Bank AG (db x-trackers). When the user clicks on such a link, he leaves the Website of Deutsche Bank AG (db x-trackers). Deutsche Bank AG (db x-trackers) is not responsible with respect to any material contained on any other non-Deutsche Bank website.

11. Governing Law; Jurisdiction

11.1. Governing Law

These terms and conditions are exclusively governed by and shall be construed in accordance with German law.

11.2. Jurisdiction

Each private user who is not a resident of one of the countries for which the Council Regulation (EC) NO 44/2001 of 22 December 2000 on jurisdiction and the recognition and enforcement of judgements in civil and commercial matters is applicable, or which have entered and ratified the Convention on jurisdiction and enforcement of judgements in civil and commercial matters signed at Lugano on 16 September 1988, and all commercial users are subject to the exclusive jurisdiction of the competent court of Frankfurt am Main, Germany, in respect of any disputes arising under these terms.

12. Other agreements

If at any time any provision (or part of any provision) of these terms and conditions is, or becomes, illegal, invalid or unenforceable in any respect under the law of any jurisdiction, that shall not affect the legality, validity or enforceability in that or any other jurisdiction of any other provision (or any other part of this provision) of these terms.

13. Selling restrictions

The products described on the Website are not eligible for sale in all countries and in any event may only be sold to qualified investors. The offering circulars contain information as to the selling restrictions applicable to any particular product and the user should read them carefully.

In particular, the following restrictions apply:

Residents of the United States of America:

The information set out in the Website is not directed to the United States. US citizens (as defined in Regulation S under the US Securities Act 1933) and persons resident in the US may not enter the Website. Information from this Website may not be distributed or redistributed into the United States or into any jurisdiction where it is not permitted. The securities have not been and will not be registered under the US Securities Act of 1933 and trading in the securities has not been approved for purposes of the US Commodities Exchange Act of 1936. The securities may not be offered or sold in the United States, to US citizens or US residents.

The products described on the Website are only offered or sold to persons in any other jurisdiction, if applicable law permits this.

Important information!

Please be advised that to view information on this Deutsche Bank ETF site, you must accept the conditions of the legal disclaimer.

"The information on this Website relating to securities and financial services has been reviewed exclusively as to compliance with the laws of the Federal Republic of Germany. In other jurisdictions, the furnishing of any such information may be restricted by law. The information on this site is not intended for person or entities resident, located or registered in jurisdictions that restrict the distribution of such material. Consequently, the information on this site does not constitute, and may not be used for the purposes of, an offer or invitation to acquire or sell any securities to any person in any jurisdiction:

1. in which any such offer or invitation is not authorised;
2. in which Deutsche Bank AG (db x-trackers) is not qualified to make such offer or invitation; or
3. on which it is unlawful to make any such offer or invitation.

In particular, the information on this Website is not intended to and does not constitute an offer or invitation to acquire or sell securities or collective investment schemes to persons resident in the United Kingdom, Italy, Spain and Switzerland. The information on this website is not directed at persons resident in the United Kingdom, Italy, Spain and Switzerland, and must not be acted upon by such persons. Accordingly, any offer from any such person will not be accepted.

Anyone accessing this site from a jurisdiction in which any such restrictions apply should inform themselves about, and observe, such restrictions.

The securities referred to on this Website have not been and will not be registered under the United States Securities Act of 1933 , as amended, and may not be offered or sold within the United States except pursuant to any exemption from, or within the framework of a transaction not subject to, the registration requirements of the Securities Act.

Therefore, the securities listed in the following information may not be sold to U.S. nationals or otherwise be transferred to the United States unless the relevant transaction is not subject to registration requirements under U.S. law.

Deutsche Bank AG (db x-trackers) shall not be liable for any information contained in or activities conducted through the Websites of any other companies which are hyperlinked to the website of Deutsche Bank AG (db x-trackers)."