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Mon 25 Aug 2008, 9:37 DEU - Deutsche Bank AG - Warrants notice
JSE
DEUT                                                                            
DEU - Deutsche Bank AG - Warrants notice                                        
TIGER BRANDS LIMITED WARRANTS NOTICE                                            
Holders of the Warrants below are referred to the notice to shareholders of     
Tiger Brands Limited (TBS), regarding the Tiger Brands Limited unbundling of    
Adcock Ingram Holdings Limited (AIP).                                           
Due to the unbundling of Adcock Ingram Holdings Limited (AIP), the following    
changes to Tiger Brands Limited warrants will take place with immediate effect: 
Holders of Imperial Holdings Ltd warrants will now have rights to a basket      
comprised of -                                                                  
1    TBS  share/s                                                               
1    AIP  shares/s                                                              
Deutsche Bank AG will not make any changes to the parameters of the warrants.   
Parameters                                                                      
Warrant Underlying  Expiry ISIN     Strike  Cover   Issue    Call   American    
Code    Code        Date            Price  Ratio    Size     /Put   /           
European     
TBSDBA  TBS         2008-  DE000    196.50 49.13:1  50000000 C      A           
                   Sep-11 DB9LSN6                                               
TBSDBP  TBS         2008-  DE000    167.04 49.13:1  50000000 P      E           
Sep-11 DB9LSP1                                               
Deutsche Bank AG will not be making competitive on-screen prices and therefore  
advise investors to call the trading desk if they wish to trade these warrants. 
The basket warrant will start trading with immediate effect.                    
The basket option will place the holders in the same position, had the corporate
action not taken place.                                                         
For further information contact:                                                
Deutsche Securities (Pty) Limited                                               
3 Exchange Square, 87 Maude Street, Sandton                                     
Tel: +27 11 7757994                                                             
Email:    x-markets@db.co.za                                                    
Date: 25/08/2008 09:37:00 Produced by the JSE SENS Department.                  
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