Deutsche Bank Appointed as Depositary Bank for the Sponsored Level I American Depositary Receipt Program of Target Energy

  Deutsche Bank Appointed as Depositary Bank for the Sponsored Level I
  American Depositary Receipt Program of Target Energy Limited

Business Wire

NEW YORK & SYDNEY -- May 2, 2013

Deutsche Bank today announced its appointment as depositary bank for the Level
I American Depositary Receipt (ADR) program of Australia-based Target Energy
Limited (Target Energy).

Target Energy is an oil and gas exploration and production company with
offices in Perth, Western Australia and Houston, Texas. Target Energy
currently has four producing wells in the Permian Basin in West Texas, with
plans to add new wells before the end of the year. In addition, Target Energy
is producing hydrocarbons from the East Chalkley Oil Field located in
southwest Louisiana with plans to drill one new well in that field in the next
few months. The company has additional producing assets in Texas and
Louisiana. Target Energy is listed on the Australian Securities Exchange and
trading under the symbol "TEX".*

Edwin Reyes, Global Head of Depositary Receipts at Deutsche Bank, said, “We
are delighted to be appointed as the depositary bank for Target Energy’s ADR
program. We are pleased to include Target Energy on our growing roster of
Australian clients and look forward to providing Target Energy with the
highest level of service."

*Source: Target Energy (May 2013)

About Deutsche Bank Trust & Securities Services

Deutsche Bank’s Trust & Securities Services business, part of Global
Transaction Banking, is one of the leading providers of trustee, agent,
depositary, registrar, SPV management and related services for a wide range of
financial structures and transactions. It is a leading depositary for American
and Global Depositary Receipts, providing value-added services to companies
raising capital in international markets or listing on the New York, NASDAQ,
London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of
depositary receipts. It also offers both mutual and alternative fund
administration and provides securities custody, clearing and agency lending
services from a global network spanning more than 30 markets. Additional
details are available on www.adr.db.com or www.tss.db.com.

This announcement appears as a matter of record only. This announcement has
been approved and/or communicated by Deutsche Bank AG New York.

American Depositary Receipts have been registered pursuant to the US
Securities Act of 1933 (the "Act"). The investment or investment service which
is the subject of this notice is not available to retail clients as defined by
the UK Financial Services Authority. This notice has been approved and/or
communicated by Deutsche Bank AG New York. The services described in this
notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or
by its subsidiaries and/or affiliates in accordance with appropriate local
registration and regulation. Deutsche Bank is providing the attached notice
strictly for information purposes and makes no claims or statement, nor does
it warrant or in any way represent, as to the accuracy or completeness of the
details contained herein or therein. This announcement appears as a matter of
record only. Neither this announcement nor the information contained herein
constitutes an offer or solicitation by Deutsche Bank or any other issuer or
entity for the purchase or sale of any securities nor does it constitute a
solicitation to any person in any jurisdiction where solicitation would be
unlawful. No part of this notice may be copied or reproduced in any way
without the prior written consent of Deutsche Bank. Past results are not an
indication of future performance. Copyright© May 2013 Deutsche Bank AG. All
rights reserved.

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of Deutsche Bank AG NY
60 Wall Street, New York, NY   http://www.db.com/press
10005
Phone +1 212 250 7171            E-Mail: press-media-relations.americas@db.com

Contact:

Deutsche Bank AG
Press & Media Relations
Duncan King, +1 212-250-4864
duncan.king@db.com