EQUITY-LINKED NOTES SERIES 8, 11, 12, 15 & 16 ISSUED BY PINNACLE PERFORMANCE LIMITED PURSUANT TO ITS US$5,000,000,000 Structured Note Programme (THE "PINNACLE EQUITY-LINKED NOTES")

We would like to share with you the latest information we received from Pinnacle Performance Limited ("Pinnacle").

We have received the enclosed Frequently Asked Questions dated 14 November 2008. The enclosed information is issued by Pinnacle to us in order to help us address any concerns you may have.

We trust you will find this useful in terms of assessing the prospects of your investment.

Should you have any queries regarding your investment in Pinnacle-issued notes, please contact your Relationship Manager.