DEUTSCHE BANK AG - Listing of new wave - TOPDWN

Listing of new wave -  TOPDWN

Deutsche Bank AG 
(incorporated under the law of the Federal Republic of Germany) acting
through its London branch.

Issue of new Equity Index WAVEs


      Code                        TOPDWN
      Short Name                  DB TOPCNW
      Long Name                   DB TOP 4500CN 0002 NOV15
      Underlying Name             TOP40- Tradable
      Expiry                      19 November 2015
      Strike                      45000
      Barrier                     45000
      Cover                       5000:1
      No. of Securities           Up to 3000 000
      Listing date                26 March 2015
      ISIN                        DE000DT0T8U8




The JSE Limited Issuer Services Division has approved the listing of the above mentioned
WAVE/s and trading will commence on 26 March 2015. Settlement of the WAVE/s will be effected
electronically through the STRATE system of the JSE and accordingly, certificates evidencing the
WAVE/s will not be issued to holders. All members of the JSE may participate in trading, which
will occur according to normal JSE rules. Copies of the pricing supplement can be obtained from
Deutsche Securities (Pty) Limited. The securities contain a knock-out feature. Investors should be
aware of the fact that as soon as a Knock-out Event has occurred the securities become
worthless.


For further information contact:
X-markets Team
Tel:           +27 11 775 7014
E-mail:        x-markets@db.co.za

Deutsche Securities

26 March 2015

Date: 26/03/2015 09:24:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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