ICBC (Europe) S.A. Amsterdam Branch would like to inform you about the launch of its additional time deposit promotion. This time deposit promotion is a regular fixed time deposit with 29/01/2014 as predetermined starting date.

- Fixed-term interest rate.
- Interest calculation is based on “Actual days/360 days” interest basis.
- Principal and interest will be available at the maturity date. It is not possible to withdraw your time deposit prior to maturity. For this reason please consider which parts of your funds you need for your daily expenditures and how much funds you possibly need for (un)expected expenses before opening a time deposit.
- There will be no automatic renewal.
- Favorable midrate is used for converting to RMB/CNY.
- Minimal amount RMB/CNY 10,000.
- Terms and Conditions Retail Customers and especially Time Deposit Conditions Retail Customers and Foreign Currency Exchange Spot Transaction Conditions Retail Customers are applicable (www.icbc.co.nl).
- Luxembourg Deposit Guarantee Scheme is applicable (www.agdl.lu). The funds of a retail customer are currently guaranteed up to a maximum amount of EUR 100,000 equivalent RMB/CNY per account holder.

Foreign currency risk and possibly liquidity risk and additional costs resulting from the conversion to and backwards from RMB/CNY are applicable The costs and currency rate fluctuations as a result of these risks can diminish your accrued interest and may even lead to a loss on your originally deposited amount in Euro’s. Savings in RMB/CNY is therefore only appropriate for you if you have sufficient knowledge of foreign currency and liquidity risk.

Given the possible RMB/CNY foreign currency rate fluctuations we recommend you to:
• Monitor closely your RMB/CNY foreign currency position and RMB/CNY foreign currency rate;
• Obtain professional investment advice;
• Not expose your funds needed for daily and unexpected expenses to RMB/CNY currency and liquidity risk;
• Take into account the cost as a result of the margin between the bid and offer rate of foreign currency.

For a detailed explanation of the cost and risks mentioned, information regarding the RMB/CNY and doing RMB/CNY exchange transactions, please refer to our website www.icbc.co.nl and more specifically to the webpage’s “Saving & Deposits" and “Personal FX" and the applicable “Terms and Conditions Retail Customers” in particular the chapter “Foreign Currency Exchange Spot Transaction Conditions”.

We do not offer investment advice concerning saving in RMB/CNY, do not analyze your financial position and do not verify your experience with foreign exchange to determine whether transactions in foreign currencies are suitable or appropriate for your situation and we do not contact you if market conditions change. Foreign currency taken and held by you are for the benefit and risk of you. We therefore accept no liability for any (foreign currency) losses.

How to apply?
The time deposit promotion cannot be applied through Internet Banking. If you like to apply for this time deposit promotion, please print and complete the application form, sign it, scan it and e-mail or fax it to us.

Foreign Exchange instructions
If you do not have the principal amount available in your RMB/CNY payment account, please make sure that the principal amount in RMB/CNY is available on your RMB/CNY payment account on 28/01/2014 the latest! After this date it is not possible to participate in this time deposit promotion! We rely on your sending bank for incoming transactions and therefore cannot be hold responsible for any delay in receiving funds.

On 28/01/2014 you can still contact us before 16:30 by telephone to convert your funds to RMB/CNY. The conversion will only be executed after we have received your form, and you agreed by telephone on the exchange rate. This phone call will be recorded.

For this time deposit promotion we will use our midrate to convert to RMB/CNY and therefore the exchange rate is more attractive than the offered exchange rate rates in our Internet Banking.