DEUTSCHE BANK AG - Wave Listing - TOPDWK, TOPDWL, TOPDWM and TOPDWY

Wave Listing - TOPDWK, TOPDWL, TOPDWM and 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                      TOPDWY
      Short Name                DB TOPPYW
      Long Name                 DB TOP 4800PY 0002 AUG15
      Underlying Name           TOP40- Tradable
      Expiry                    13 August 2015
      Strike                    48000
      Barrier                   48000
      Cover                     5000:1
      No. of Securities         Up to 3000 000
      Listing date              10 February 2015
      ISIN                      DE000DT0T2T3

      Code                      TOPDWK
      Short Name                DB TOPCKW
      Long Name                 DB TOP 4200CK 0002 AUG15
      Underlying Name           TOP40- Tradable
      Expiry                    13 August 2015
      Strike                    42000
      Barrier                   42000
      Cover                     5000:1
      No. of Securities         Up to 3000 000
      Listing date              10 February 2015
      ISIN                      DE000DT0T2U1


      Code                      TOPDWL
      Short Name                DB TOPCLW
      Long Name                 DB TOP 4300CL 0002 AUG15
      Underlying Name           TOP40- Tradable
      Expiry                    13 August 2015
      Strike                    43000
      Barrier                   43000
      Cover                     5000:1
      No. of Securities         Up to 3000 000
      Listing date              10 February 2015
      ISIN                      DE000DT0T2V9
      Code                       TOPDWM
      Short Name                 DB TOPCMW
      Long Name                  DB TOP 4400CM 0002 AUG15
      Underlying Name            TOP40- Tradable
      Expiry                     13 August 2015
      Strike                     44000
      Barrier                    44000
      Cover                      5000:1
      No. of Securities          Up to 3000 000
      Listing date               10 February 2015
      ISIN                       DE000DT0T2W7




The JSE Limited Issuer Services Division has approved the listing of the above mentioned
WAVE/s and trading will commence on 10 February 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

10 February 2015

Date: 10/02/2015 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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