Hong Kong Exchanges and Clearing Limited

FORM 2 - Corporate Substantial Shareholder Notice

Form Serial No:

CS20080418000075

1. Name of listed corporation:

Hong Kong Exchanges and Clearing Ltd.

2. Stock code:

00388

3. Class of shares:

Common Shares

4. Number of issued shares in class:

1,071,304,846

5. Name of substantial shareholder:

Deutsche Bank Aktiengesellschaft

6. Registered office:

Theodor-Heuss-Allee 70, 60468 Frankfurt am Main, Germany

7. Principal place of business in Hong Kong:

Deutsche Bank AG, Hong Kong55/F Cheung Kong Center, 2 Queen's Road, Central, Hong Kong

13. Exchange on which listed:

Deutsche Boerse and New York Stock Exchange

14. Name of listed parent and exchange on which parent is listed:

15. Date of relevant event:

11/04/2008
(dd/mm/yyyy)

16. Date when the substantial shareholder became aware of the relevant event/ interest in the shares (if later):

15/04/2008
(dd/mm/yyyy)


17. Details of relevant event:
	Relevant event code describing circumstances	Code describing capacity in which shares were/are held		Number of shares bought/sold or involved	Currency of transaction	On Exchange		Off Exchange
		Before relevant event	After relevant event			Highest price per share	Average price per share	Average consideration per share	Consideration code
Long position	102	201		2,180,600	HKD	150.700	149.596

18. Total shares immediately before the relevant event:

	Total number of shares	Percentage figure (%)
Long Position	55,401,015	5.17
Short Position	36,425,111	3.40

19. Total shares immediately after the relevant event:

	Total number of shares	Percentage figure (%)
Long Position	53,206,815	4.97
Short Position	33,523,948	3.13

20. Capacity in which interests disclosed in Box 19 are held:

Code describing capacity

Number of shares

201

Long position	43,361,931
Short position	29,910,805

202

Long position	3,821,975
Short position	0

203

Long position	6,022,909
Short position	3,613,143

21. Further information in respect of derivative interests:

Code describing derivatives

Number of shares

401

Long position	20,223,500
Short position	10,706,700

404

Long position	17,677,400
Short position	12,805,900

22. Further information in relation to interests of corporations controlled by substantial shareholder:

Name of controlled corporation

Address and place of incorporation

Name of controlling shareholder

% control

Direct interest

Number of shares

DB Capital Markets (Deutschland) GmbH

Theodor-Heuss-Allee 70, 60486 Frankfurt am Main

Deutsche Bank Aktiengesellschaft

100.00

Long position

3,821,975

DWS Holding & Service GmbH

Mainzer Landstr. 178-190, 60327 Frankfurt

Deutsche Bank Aktiengesellschaft

100.00

Long position

3,821,975

DWS (Austria) Investmentgesellschaft mbH

Hohenstaufengasse 4, Vienna 1010, Austria

Deutsche Bank Aktiengesellschaft

100.00

Long position

500

DWS Investment GmbH

Mainzer Landstr. 178-190, 60327 Frankfurt

Deutsche Bank Aktiengesellschaft

100.00

Long position

2,650,000

DWS Investment GmbH

Mainzer Landstr. 178-190, 60327 Frankfurt

Deutsche Bank Aktiengesellschaft

100.00

Long position

3,821,975

Deutsche Bank Luxembourg S.A.

2, Boulevard Konrad Adenauer, Luxembourg 1115

Deutsche Bank Aktiengesellschaft

100.00

Long position

3,821,975

DWS Investment S.A., Luxemburg

2, Boulevard Konrad Adenauer, Luxembourg 1115

Deutsche Bank Aktiengesellschaft

100.00

Long position

337,500

Deutsche Asset Management International GmbH

Mainzer Landstr. 178-190, 60327 Frankfurt

Deutsche Bank Aktiengesellschaft

100.00

Long position

89,500

Deutsche Asset Management International GmbH

Mainzer Landstr. 178-190, 60327 Frankfurt

Deutsche Bank Aktiengesellschaft

100.00

Long position

3,821,975

Deutsche Asset Management Investmentgesellschaft mbH

Mainzer Landstr. 178-190, 60327 Frankfurt

Deutsche Bank Aktiengesellschaft

100.00

Long position

9,200

DB Valoren S.a.r.l

6, Avenue Paseteur, Luxembourg 2310

Deutsche Bank Aktiengesellschaft

100.00

Long position

3,821,975

Deutsche Asia Pacific Holdings Pte Ltd

One Raffles Quay #17-10, Singapore 048583

Deutsche Bank Aktiengesellschaft

100.00

Long position

3,821,975

Deutsche Asset Management (Asia) Limited

One Raffles Quay #17-10, Singapore 048583

Deutsche Bank Aktiengesellschaft

100.00

Long position

640,100

Deutsche Asset Management (Japan) Limited

2-11-1 Sanno Park Tower, Nagata-cho, Chiyoda-ku

Deutsche Bank Aktiengesellschaft

100.00

Long position

500

Taunus Corporation

1209 Orange Street, Delaware(DE), 19805, Wilmington, USA(United States)

Deutsche Bank Aktiengesellschaft

100.00

Long position

3,821,975

Deutsche Bank Trust Corporation

111 Elghth Avenue New York 10005

Deutsche Bank Aktiengesellschaft

100.00

Long position

3,821,975

Deutsche Bank Trust Company Americas

60 Wall Street, New York, NY 10005-2858

Deutsche Bank Aktiengesellschaft

100.00

Long position

8,500

Deutsche Bank Americas Holding Corp.

60 Wall Street, New York 10005

Deutsche Bank Aktiengesellschaft

100.00

Long position

3,821,975

Deutsche Investment Management Americas Inc.

345 Park Avenue, New York, NY 10154

Deutsche Bank Aktiengesellschaft

100.00

Long position

84,000

DB US Financial Market Holding Corporation

1209 Orange Street, Delaware (DE) , 19805, Wilmington, USA (United States)

Deutsche Bank Aktiengesellschaft

100.00

Long position

3,821,975

Deutsche Bank Securities Inc

1209 Orange Street, Delaware (DE) , 19805, Wilmington, USA (United States)

Deutsche Bank Aktiengesellschaft

100.00

Long position

1,175

Deutsche Bank Trust Company Delaware

Suite 200, 1011 Centre Road, Wilmington, Delaware, USA

Deutsche Bank Aktiengesellschaft

100.00

Long position

1,000

23. Further information in relation to interests held by substantial shareholder jointly with another person:

Name of joint shareholder	Address	Number of shares
Nil

24. Further information from a trustee, or beneficiary of a trust, or a founder of a Discretionary Trust:

Names of Trust	Address	Status code	Number of shares
Nil

25. Further information from a party to an agreement under Section 317:

Names of other parties	Address	Number of shares
Nil

Total number of shares in which substantial shareholder is interested under section 317 and 318:

26. Details of person(s) in accordance with whose directions the substantial shareholder or its directors are accustomed to act:

Names	Address	Relationship Code	%
Nil

27. Date of filing this Form 2:

18/04/2008
(dd/mm/yyyy)

29. Number of attachments: