DEUTSCHE BANK AG - Deutsche Bank AG - Wave Expiry - TOPDWW

Deutsche Bank AG - Wave Expiry - TOPDWW

Deutsche Bank AG (incorporated under the laws of the Federal Republic of Germany)
acting through its London branch

Notice of expiry WAVES

Please note the following WAVE has expired on 8 May 2014

 Barrier Level:                      46,000 index points
 Knock-Out Level:                    46,000 index points
 JSE Code:                           TOPDWW
 JSE Short Name:                     DB TOP PW W
 JSE Long Name:                      DB TOP 4600PW 0002 MAY14
 Isin Code:                          DE000DE3WDJ3
 Final Price:                        ZAR 4.199




The Warrants are exercisable only in accordance with the terms and conditions as set in
Deutsche Bank's programme memorandum and relevant pricing supplement ("the
documents").


For further information contact:
X-markets
Tel:           (011) 775-7014
E-mail:        x-markets.za@db.com

8 May 2014




                                   
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