DEUTSCHE BANK AG - Wave Expiry - TOPDWN and TOPDWY

Wave Expiry - TOPDWN and TOPDWY

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 WAVES have expired on 14 August 2014

 Barrier Level:                     41,000 index points
 Knock-Out Level:                   41,000 index points
 JSE Code:                          TOPDWN
 JSE Short Name:                    DB TOPCN W
 JSE Long Name:                     DB TOP 4100CN 0002 AUG14
 Isin Code:                         DE000DE8FEZ1
 Final Prce:                        ZAR 9.842


 Barrier Level:                     48,000 index points
 Knock-Out Level:                   48,000 index points
 JSE Code:                          TOPDWY
 JSE Short Name:                    DB TOPPY W
 JSE Long Name:                     DB TOP 4800PY 0002 AUG14
 Isin Code:                         DE000DE8FF19
 Final Price:                       ZAR 4.158


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
or e-mail x-markets.za@db.com


15 August 2014

Date: 15/08/2014 09:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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