DEUTSCHE BANK AG - Listing of New WAVEs -TOPDWO, TOPDWA, TOPDWR, TOPDWS

Listing of New WAVEs -TOPDWO, TOPDWA, TOPDWR, TOPDWS

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                      TOPDWO
      Short Name                DB TOPCOW
      Long Name                 DB TOP 4600CO 0002 JAN16
      Underlying Name           TOP40- Tradable
      Expiry                    14 January 2016
      Strike                    46000
      Barrier                   46000
      Cover                     5000:1
      No. of Securities         Up to 3000 000
      Listing date              12 May 2015
      ISIN                      DE000DT0TWF6

      Code                      TOPDWA
      Short Name                DB TOPCAW
      Long Name                 DB TOP 4700CA 0002 JAN16
      Underlying Name           TOP40- Tradable
      Expiry                    14 January 2016
      Strike                    47000
      Barrier                   47000
      Cover                     5000:1
      No. of Securities         Up to 3000 000
      Listing date              12 May 2015
      ISIN                      DE000DT0TWH2


      Code                      TOPDWR
      Short Name                DB TOPPRW
      Long Name                 DB TOP 5100PR 0002 JAN16
      Underlying Name           TOP40- Tradable
      Expiry                    14 January 2016
      Strike                    51000
      Barrier                   51000
      Cover                     5000:1
      No. of Securities         Up to 3000 000
      Listing date              12 May 2015
      ISIN                      DE000DT0TWJ8


      Code                       TOPDWS
      Short Name                 DB TOPPSW
      Long Name                  DB TOP 5200PS 0002 JAN16
      Underlying Name            TOP40- Tradable
      Expiry                     14 January 2016
      Strike                     52000
      Barrier                    52000
      Cover                      5000:1
      No. of Securities          Up to 3000 000
      Listing date               12 May 2015
      ISIN                       DE000DT0TWM2




The JSE Limited Issuer Services Division has approved the listing of the above mentioned
WAVE/s and trading will commence on 12 May 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

12 May 2015

Date: 12/05/2015 11:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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