DEUTSCHE BANK AG - DB Wave Listing - TOPDWI & TOPDWJ

DB Wave Listing - TOPDWI & TOPDWJ

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                       TOPDWI
      Short Name                 DB TOPCIW
      Long Name                  DB TOP 4100CI 0002 MAY15
      Underlying Name            TOP40- Tradable
      Expiry                     21 May 2015
      Strike                     41000
      Barrier                    41000
      Cover                      5000:1
      No. of Securities          Up to 3 000 000
      Listing date               21 November 2014
      ISIN                       DE000DE9SPT1

      Code                       TOPDWJ
      Short Name                 DB TOPCJW
      Long Name                  DB TOP 4300CJ 0002 MAY15
      Underlying Name            TOP40- Tradable
      Expiry                     21 May 2015
      Strike                     43000
      Barrier                    43000
      Cover                      5000:1
      No. of Securities          Up to 3 000 000
      Listing date               21 November 2014
      ISIN                       DE000DE9SPV7



The JSE Limited Issuer Services Division has approved the listing of the above mentioned
WAVE/s and trading will commence on 21 November 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

21 November 2014

Date: 21/11/2014 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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