TOPDWH - Deutsche Bank AG - Notice : TOPDWH non barrier event - Amendment to

TOPDWH - Deutsche Bank AG - Notice : TOPDWH non barrier event - Amendment to    
initial SENS                                                                    
Deutsche Bank AG                                                                
(incorporated under the laws of the Federal Republic of Germany)                
acting through its London branch                                                
Alpha Code   :    TOPDWH                                                        
ISIN number  :    DE000DB7Q0C7                                                  
NOTICE : TOPDWH non barrier event - Amendment to initial SENS                   
At approximately 15:00 today a large market capitalisation stock was pushed into
a volatility auction by a market participant. This market participant was not   
Deutsche Bank, however the actions of this participant had a knock on effect on 
one of Deutsche Banks products. The volatility auction caused the TOP40 index to
temporarily print at a low of 28 202 which was below the barrier level of the   
listed warrant TOPDWH.                                                          
After consultation with the JSE, the JSE confirmed a trader error had occurred  
in the market - this error could not be corrected because the error trades did  
not qualify for contra trades in terms of JSE Rules and that there would be no  
changes to the official index levels of the day. However due to the  erroneous  
nature of the print, Deutsche Bank has exercised its discretion to deem that the
wave warrant TOPDWH has not hit the barrier level and will continue to trade    
until such time as the relevant level is breached.                              
Deutsche Bank has made this decision in the interests of market participants in 
this product, however in no way does this represent a precedent for any future  
trading or barrier events.                                                      
For further information contact:                                                
X-markets Team                                                                  
Tel:      +27 11 775 7991                                                       
24 Feb 2011                                                                     
Date: 24/02/2011 17:28:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.