The following terms and conditions shall apply to the OCBC Deposit Campaign Promotion (the “Campaign Promotion”), which comprises:

(A)        Premier Savings Bonus Interest Promotion; and

(B)                Premier FCY Time Deposit Promotion.

The Campaign Promotion shall be valid from 8 April 2010 until 18 May 2010 (both dates inclusive), or such date(s) as may be determined and notified by OCBC Bank in its sole discretion from time to time without prior notice (the “Promotion Period”).

A         Premier Savings Bonus Interest Promotion (the “Savings Promotion”)

1.         Eligibility

1.1        The Savings Promotion is open to customers who hold Eligible Accounts with OCBC Premier Banking and who have performed an Eligible Transaction as described in these terms and conditions.

1.2                 An "Eligible Account" refers to the Singapore Dollar (SGD) denominated Premier Easi Save or Premier Statement Savings Account, and an “Eligible Transaction” refers to one or more placements via cash, cheque or cashier’s order using Singapore Dollar (SGD) denominated fresh funds (i.e. transfers from existing OCBC Bank deposit accounts not permitted) into an Eligible Account in aggregate of a minimum amount of S$300,000 per placement (the “Relevant Funds”).

1.3                 A customer who holds an Eligible Account (the “Eligible Customer”) and performs an Eligible Transaction is entitled to the Savings Promotion if he or she satisfies these terms and conditions, including without limitation, the conditions set out in Clause 2.1 below. In particular, Clause 2.1(d) states that the Eligible Customer’s “daily outstanding balance” of the Eligible Account during the entire Promotion Period cannot at any time be lower than the credit balance of the Eligible Account as at 8 April 2010. “Daily outstanding balance” for the Eligible Account shall be determined by OCBC Bank in its sole and absolute discretion based on the last outstanding balance in the relevant day.”

1.4                 All OCBC Bank accounts held by employees of OCBC Bank and its subsidiaries and their immediate family members shall not be eligible for the Savings Promotion.  Ex-OCBC Bank employee accounts are eligible for the Savings Promotion only after such ex-employee’s staff indicator has been removed from OCBC Bank’s records.

2.         Mechanics

2.1               An Eligible Customer who performs an Eligible Transaction is entitled to the Savings Promotion if he or she satisfies the following conditions:

(a)                 an Eligible Transaction must be performed where the Relevant Funds must be placed and credited latest by 18 May 2010;

(b)        the Relevant Funds placed and credited into the Eligible Account shall not be withdrawn, transferred, recovered, assigned, disposed of, charged, encumbered or otherwise dealt with in any manner whatsoever whether of principal sum or interest or whether in whole or in part (the “Prohibited Transactions”) for the period between the date the Relevant Funds are placed into the Eligible Account and 31 July 2010 (both dates inclusive) (the “Relevant Period”). The Bank shall be permitted to earmark the Relevant Funds (which includes any interest thereon) during the Relevant Period;   

(c)        in the event that the Eligible Customer performs a Prohibited Transaction on any placement of the Relevant Funds during the Relevant Period, the Eligible Customer is deemed to have lost his or her entitlement to the Bonus Interest (as defined in Clause 2.2 below) on the entire placement of Relevant Funds from the date the placement of the Relevant Funds was credited into the Eligible Account. For the avoidance of doubt, the Eligible Customer is not entitled to receive the Bonus Interest on any portion of the placement of Relevant Funds which may be retained and remains in the Eligible Account up till 31 July 2010 or otherwise.

            Consequently, the rate of interest payable on the placement of the Relevant Funds shall be the Bank’s prevailing interest rate only, excluding the Bonus Interest. An Eligible Customer who wishes to perform a Prohibited Transaction is required to provide OCBC Bank with at least one Business Day’s notice to OCBC Bank of his or her intention to perform the Prohibited Transaction;

(d)                 the Eligible Customer’s “daily outstanding balance” of the Eligible Account during the entire Promotion Period cannot at any time be lower than the credit balance of the Eligible Account as at 8 April 2010. Daily outstanding balance” for any account shall be determined by OCBC Bank in its sole and absolute discretion based on the last outstanding balance in  the relevant day; and

(e)        the Bonus Interest shall only be paid to an Eligible Customer on or after 10 August 2010.

2.2        Under the Savings Promotion, OCBC Bank will pay a bonus interest (the “Bonus Interest”) on any placement of the Relevant Funds which satisfies the conditions set out in Clause 2.1 calculated at the rate of 0.450% p.a. for the duration of days from the date the Relevant Funds are placed into the Eligible Account until 31 July 2010 (both days inclusive).   For the avoidance of doubt, the said Bonus Interest may be altered, amended or changed by OCBC Bank from time to time at its sole discretion without prior notice.  The Bonus Interest is payable on the placement of the Relevant Funds over and above the Bank’s prevailing interest rate. As an illustration:

2.3        The Bonus Interest is neither transferable nor exchangeable for credits or otherwise, unless otherwise permitted by OCBC Bank in its sole and absolute discretion.

2.4        For the purpose of these terms and conditions, “Business Day” means a day (other than a Sunday or a gazetted public holiday) on which banks are open for general business in Singapore.

B         Premier FCY Time Deposit Promotion (the “TD Promotion”)

3.1        The promotional rates under the TD Promotion are available to customers of OCBC Premier Banking who place promotional foreign currencies equivalent to a minimum of S$300,000 in fresh funds only (i.e. transfers from existing OCBC Bank deposit accounts not permitted) (the “TD Placement”) into their personal time deposit accounts (the “Qualifying Customer”). The promotional foreign currencies are Australian Dollar (AUD), New Zealand Dollar (NZD), British Pound (GBP), Euro (EUR) or US Dollar (USD). Only one promotional foreign currency is permitted per placement.

3.2        All promotional interest rates and tenors are valid for a limited period only and are subject to change by OCBC Bank in its sole discretion without prior notice.

3.3        As the TD Promotion is for 5 or 8 months tenor only, no interest whether accrued or not will be payable for any premature withdrawal of all or any part of the TD Placement. In addition, any early withdrawal before the 5-month or 8 month tenor is due is subject to penalty charges that are imposed by OCBC Bank and OCBC Bank reserves the right to deduct the penalty charges from the principal amount of the TD Placement. OCBC Bank shall be entitled to earmark the TD Placement for the entire 5 or 8 months tenor.

3.4        Upon maturity, the TD Placement will, at OCBC Bank’s option, automatically be renewed as another time deposit commencing on and from such maturity date at the prevailing interest rate for that same tenor(s), unless OCBC Bank receives from the Qualifying Customer written notice to the contrary at least 2 Business Days prior to the relevant maturity date not to renew the TD Placement on the maturity date.or unless such moneys are withdrawn at maturity.

C         AWARD OF PROMOTIONAL GIFT 

4.1               Where an Eligible Customer places S$500,000 or more in fresh funds into an Eligible Account and/or a Qualifying Customer places promotional foreign currencies equivalent to S$500,000 or more into his or her personal time deposit account during the Promotion Period, the Eligible Customer and/or the Qualifying Customer is entitled to a promotional gift which is granted by OCBC Bank in its sole and absolute discretion. The eligibility of an Eligible Customer and/or Qualifying Customer to receive the promotional gift and the type of gift received shall be determined at the absolute discretion of OCBC Bank. The gift is not exchangeable for cash or other items and on a while stock last basis.

4.2               In the event that an Eligible Customer who has placed S$500,000 or more in fresh funds into his or her Eligible Account performs a Prohibited Transaction during the Promotion Period, OCBC Bank shall be entitled in its sole and absolute discretion to debit the value of the gift of S$900 plus 7% GST (if applicable) or such other amount as determined by OCBC Bank in its sole and absolute discretion from the Eligible Customer’s Eligible Account or any other bank account of the Eligible Customer maintained with OCBC Bank as determined in the sole and absolute discretion of OCBC Bank.

4.3               In the event there is any premature withdrawal of the promotional foreign currency placement equivalent to S$500,000 or more from the personal time deposit account of the Qualifying Customer. OCBC Bank shall be entitled in its sole and absolute discretion to debit the value of the gift of S$900 plus 7% GST (if applicable) or such other amount as determined by OCBC Bank in its sole and absolute discretion based on the prevailing exchange rate on the day of withdrawal and penalty charges involved from any bank account of the Qualifying Customer maintained with OCBC Bank as determined in the sole and absolute discretion of OCBC Bank and penalty charges involved.

4.4               OCBC Bank reserves the right to substitute any gift with an item of similar value. OCBC Bank shall not be responsible for the quality, merchantability or the fitness for any purpose or any other aspect of any gift. Notwithstanding anything herein, OCBC Bank shall not of any time be responsible or held liable for any defects or malfunction in any gift, and/or for any loss, injury, damage or harm suffered or incurred by or in connection with the use of any gift by any person.

D         General

5.1        If OCBC Bank subsequently discovers that any Eligible Customer or any Qualifying Customer or any particular account is in fact not eligible to participate in the Savings Promotion or the TD Promotion, OCBC Bank may at its discretion forfeit the Bonus Interests (in the case of the Savings Promotion) or any promotional interest (in the case of the TD Promotion) (or reclaim it /them if already awarded) and award or dispose of it/them in such manner and to such person/persons as OCBC Bank deems fit. No person shall be entitled to any payment or compensation from OCBC Bank should any Bonus Interest or promotional interest be forfeited/reclaimed.

5.2        The decision of OCBC Bank on all matters relating to the Savings Promotion and TD Promotion shall be final and binding on all Eligible Customers and Qualifying Customers and any other persons, including, without limitation, any decision to cancel or suspend the Savings Promotion or TD Promotion.  Subject to and without prejudice to the generality of the foregoing, OCBC Bank's record(s) of the entries and/or the Savings Promotion and TD Promotion shall be final, binding and conclusive for all purposes and in any legal proceedings. No correspondence(s) will be entertained.

5.3        These terms and conditions shall be read in conjunction with the OCBC Terms and Conditions Governing Deposits Accounts and the OCBC Premier Banking Terms and Conditions. In the event of any inconsistency between (a) the OCBC Terms and Conditions Governing Deposit Accounts and the OCBC Premier Banking Terms and Conditions, the OCBC Premier Banking Terms and Conditions prevail, and (b) the OCBC Terms and Conditions Governing Deposit Accounts, the OCBC Premier Banking Terms and Conditions and these terms and conditions, these terms and conditions prevail.

5.4        In the event of any inconsistency between these terms and conditions and any brochure, marketing or material relating to the Savings Promotion and/or TD Promotion, these terms and conditions shall prevail.

5.5        OCBC Bank may at any time at its absolute discretion, without notice or assigning any reason therefore, delete, vary, supplement, amend or modify any one or more of these terms and conditions in such manner as OCBC Bank shall think fit, including without limitation, the eligibility of any customer, the bases and methods of determination of eligibility and any dates in connection with the Savings Promotion and/or the TD Promotion. OCBC Bank shall not, to the extent permitted by law, be liable for any claims, costs, expenses, loss or damage suffered by any person as a result of the aforementioned matters.

5.6        OCBC Bank reserves the right to waive/vary/amend any of these terms and conditions without prior notice. The decision of OCBC Bank on all matters relating to this offer shall be final and binding.

5.7        These terms and conditions shall be governed by the laws of Singapore and the Eligible Customers and/or the Qualifying Customers in the Savings Promotion and/or the TD Promotion irrevocably submit to the non-exclusive jurisdiction of the courts of Singapore.

5.8        A person who is not a party to any agreement governed by these terms and conditions shall have no right under the Contracts (Rights of Third Parties) Act (Cap 53B) to enforce any of these terms and conditions.

By signing this form, you accept and agree to be bound by the above terms and conditions.

Account No: _________________________________

__________________________                                            ___________________________                                          ______________________

Name:                                                                                      Name:                                                                                      Date

Co. Reg No.: 193200032W                                                                                                                                                                WMDP-TC-PMPM10A-100408