DEUTSCHE BANK AG - Deutsche Bank AG - New Wave Listings - TOPDWN, TOPDWX, TOPDWY

Deutsche Bank AG - New Wave Listings - TOPDWN, TOPDWX, TOPDWY

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 4100CN 0002 AUG14
      Underlying Name            TOP40- Tradable
      Expiry                     14 August 2014
      Strike                     41000
      Barrier                    41000
      Cover                      5000:1
      No. of Securities          Up to 3000 000
      Listing date               27 February 2014
      ISIN                       DE000DE8FEZ1

      Code                       TOPDWX
      Short Name                 DB TOPPXW
      Long Name                  DB TOP 4500PX 0002 AUG14
      Underlying Name            TOP40- Tradable
      Expiry                     14 August 2014
      Strike                     45000
      Barrier                    45000
      Cover                      5000:1
      No. of Securities          Up to 3000 000
      Listing date               27 February 2014
      ISIN                       DE000DE8FF01

      Code                       TOPDWY
      Short Name                 DB TOPPYW
      Long Name                  DB TOP 4800PY 0002 AUG14
      Underlying Name            TOP40- Tradable
      Expiry                     14 August 2014
      Strike                     48000
      Barrier                    48000
      Cover                      5000:1
      No. of Securities          Up to 3000 000
      Listing date               27 February 2014
      ISIN                       DE000DE8FF19



The JSE Limited Issuer Services Division has approved the listing of the above mentioned
WAVE/s and trading will commence on 27 February 2014. 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

27 February 2014

Date: 27/02/2014 10:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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