DEUTSCHE BANK AG - Deutsche Bank AG- Notice of Expiry of WAVEs: TOPDWP & TOPDWQ

Deutsche Bank AG- Notice of Expiry of WAVEs: TOPDWP & TOPDWQ

Deutsche Bank AG
 (incorporated on 10 March 1870 under the laws of the Federal Republic of Germany)
  acting through its London branch

Notice of expiry WAVE

Please note the following WAVEs have expired on 10 September 2015:

 Barrier Level:                     50,000 index points
 Knock-Out Level:                   50,000 index points
 JSE Code:                          TOPDWP
 JSE Short Name:                    DB TOPPPW
 JSE Long Name:                     DB TOP 5000PP 0002 SEP15
 Isin Code:                         DE000DT0T3J2
 Final Prce:                        ZAR 11.95

 Barrier Level:                     54,000 index points
 Knock-Out Level:                   54,000 index points
 JSE Code:                          TOPDWQ
 JSE Short Name:                    DB TOPPQW
 JSE Long Name:                     DB TOP 5400PQ 0002 SEP15
 Isin Code:                         DE000DT0T3K0
 Final Prce:                        ZAR 19.95


The Warrants are exercisable only in accordance with the terms and conditions as set in
Deutsche Bank's programme memorandum and relevant pricing supplements ("the
documents"). The product pricing supplement is available on the website (www.x-
markets.db.com). Holders of the WAVEs are advised that the Expiration Price will be
payable on or about 18 September 2015.



For further information contact:
X-markets - Tel (011) 775-7014
or e-mail x-markets.za@db.com


11 September 2015

Date: 11/09/2015 08:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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