DEUTSCHE BANK AG - Deutsche Bank AG - New Wave listing

Deutsche Bank AG - New Wave listing

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                       TOPDWK
      Short Name                 DB TOPCKW
      Long Name                  DB TOP 3850CK 0002 JUL14
      Underlying Name            TOP40- Tradable
      Expiry                     3 July 2014
      Strike                     38500
      Barrier                    38500
      Cover                      5000:1
      No. of Securities          Up to 3000 000
      Listing date               23 January 2014
      ISIN                       DE000DE8F624

      Code                       TOPDWL
      Short Name                 DB TOPCLW
      Long Name                  DB TOP 3950CL 0002 JUL14
      Underlying Name            TOP40- Tradable
      Expiry                     3 July 2014
      Strike                     39500
      Barrier                    39500
      Cover                      5000:1
      No. of Securities          Up to 3000 000
      Listing date               23 January 2014
      ISIN                       DE000DE8F632

      Code                       TOPDWM
      Short Name                 DB TOPCMW
      Long Name                  DB TOP 4050CM 0002 JUL14
      Underlying Name            TOP40- Tradable
      Expiry                     3 July 2014
      Strike                     40500
      Barrier                    40500
      Cover                      5000:1
      No. of Securities          Up to 3000 000
      Listing date               23 January 2014
      ISIN                       DE000DE8F640



The JSE Limited Issuer Services Division has approved the listing of the above mentioned
WAVE/s and trading will commence on 23 January 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

23 January2014

Date: 23/01/2014 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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