DEUTSCHE BANK AG - Wave Listing - TOPDWX

Wave Listing - TOPDWX

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                       TOPDWX
      Short Name                 DB TOPPXW
      Long Name                  DB TOP 4500PX 0002 JUL15
      Underlying Name            TOP40- Tradable
      Expiry                     16 July 2015
      Strike                     45000
      Barrier                    45000
      Cover                      5000:1
      No. of Securities          Up to 3000 000
      Listing date               21 January 2015
      ISIN                       DE000DE9SY36



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

21 January 2015

Date: 21/01/2015 09:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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