DEUTSCHE BANK AG - Wave Expiry - TOPDWK and TOPDWL

Wave Expiry - TOPDWK and TOPDWL

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

Notice of expiry WAVE

Please note the following WAVEs have expired on 13 August 2015:

 Barrier Level:                     42,000 index points
 Knock-Out Level:                   42,000 index points
 JSE Code:                          TOPDWK
 JSE Short Name:                    DB TOPCKW
 JSE Long Name:                     DB TOP 4200CK 0002 AUG15
 Isin Code:                         DE000DT0T2U1
 Final Prce:                        ZAR 7.755

 Barrier Level:                     43,000 index points
 Knock-Out Level:                   43,000 index points
 JSE Code:                          TOPDWL
 JSE Short Name:                    DB TOPCLW
 JSE Long Name:                     DB TOP 4300CL 0002 AUG15
 Isin Code:                         DE000DT0T2V9
 Final Prce:                        ZAR 5.755


The Warrants are exercisable only in accordance with the terms and conditions as set in
Deutsche Bank's programme memorandum and relevant pricing supplements ("the
documents"). The product pricing supplement is available on the website (www.x-
markets.db.com). Holders of the WAVEs are advised that the Expiration Price will be
payable on or about 20 August2015.



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


13 August 2015

Date: 14/08/2015 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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