No pain, just gain.

PDS/interest-rates/equity-markets/

21 April 2008
| By Staff |
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For a limited time you can give your clients access to a 100% principal protected structured deposit from Rabobank Australia Limited which is rated AAA by Standard & Poor’s.

The Rabobank C.A.S.H. Deposit offers:

• Four-year investment term

• Interest paid annually

• Coupons are based on the underlying performance of equity markets from China, Australia, Singapore and Hong Kong which give the deposit its name

• As at 17 April 2008: estimated maximum coupon rate of 12% p.a., estimated minimum coupon rate of 3% p.a.

In these times of market volatility, Rabobank’s C.A.S.H. Deposit, if held to maturity, is guaranteed to make money and is backed by the world’s safest non-government owned bank as rated by Global Finance magazine — so when we say it’s guaranteed, we really mean it.

To find out more about Rabobank’s C.A.S.H. Deposit, call 1800 144 684 or visit http://www.rabobank.com.au/structuredproducts

The issuer of the Rabobank C.A.S.H. Deposit is Rabobank Australia Ltd ABN 50 001 621 129, AFSL no. 234700. The PDS and terms and conditions for the Rabobank C.A.S.H. Deposit are available at http://www.rabobank.com.au/structuredproducts or by contacting your financial advisor. Investors should consider the PDS and terms and conditions when deciding whether to acquire, or continue to hold, the C.A.S.H Deposit. Rabobank Australia Limited has a AAA rating from Standard & Poor’s. Ratings are subject to change. For the latest ratings information please visit www.standardandpoors.com.au. Ratings issued by Standard & Poor's (Australia) Pty Ltd are solely statements of opinion and not statements of fact or recommendations to purchase, hold, or sell any securities or make any other investment decisions.100% principal protection is only available if the deposit is held to maturity. Fees and charges are payable if the deposit is broken prior to maturity. Deposits with Rabobank Australia Limited are backed by its ultimate parent, ranked the world’s safest non-government owned bank by Global Finance magazine, 2007. These are the estimated minimum and maximum coupon rates current as at the date of the PDS. These may change during the offer period, subject to changes in interest rates and market conditions. The final minimum and maximum coupon rates will be determined on the issue date and investors will be notified at this time in accordance with the PDS terms.

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