DEUTSCHE BANK AG - Issue of New WAVES: TOPDWH,TOPDWI

Issue of New WAVES: TOPDWH,TOPDWI

Deutsche Bank AG 
(incorporated on 10 March 1870 under the law of the Federal Republic of
Germany) acting through its London branch.

Issue of new Equity Index WAVEs


      Code                       TOPDWH
      Short Name                 DB TOPCHW
      Long Name                  DB TOP 4500CH 0002 MAR16
      Underlying Name            TOP40- Tradable
      Expiry                     10 March 2016
      Strike                     45000
      Barrier                    45000
      Cover                      5000:1
      No. of Securities          Up to 3000 000
      Listing date               30 October 2015
      ISIN                       DE000DT7HTA3

      Code                       TOPDWI
      Short Name                 DB TOPCIW
      Long Name                  DB TOP 4200CI 0002 MAR16
      Underlying Name            TOP40- Tradable
      Expiry                     10 March 2016
      Strike                     46000
      Barrier                    46000
      Cover                      5000:1
      No. of Securities          Up to 3000 000
      Listing date               30 October 2015
      ISIN                       DE000DT7HTB1



The JSE Limited Issuer Regulation Division has approved the listing of the above mentioned
WAVE/s and trading will commence on 30 October 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. The product Pricing Supplement is
available on www.x-markets.db.com. 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

30 October 2015

Date: 30/10/2015 10:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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