TOPDWX - Deutsche Bank AG - Issue of new Index Equity WAVEs

TOPDWX - Deutsche Bank AG - Issue of new Index Equity WAVEs                     
Deutsche Bank AG                                                                
(incorporated under the law of the Federal Republic of Germany)                 
acting through its London branch                                                
Issue of new Index Equity WAVEs                                                 
Code                TOPDWX                                                      
ISIN                DE000DE28UW4                                                
Long Name           DB TOP 3100PX 0002 NOV11                                    
Underlying Name     TOP40-Tradeable                                             
Expiry              11/24/2011                                                  
Strike              31000                                                       
Iss.Price           4.50                                                        
Cover               5000:1                                                      
No. of Securities   Up to 3 000 000                                             
Listing Date        5/16/2011                                                   
The JSE Limited Issuer Services Division has approved the listing of the above  
mentioned WAVE/s and trading will commence on 16 May 2011. 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.                                                       
For further information contact:                                                
X-markets Team                                                                  
Tel:      +27 11 775 7824                                                       
e-mail:   x-markets@db.co.za                                                    
Deutsche Securities                                                             
Date: 17/05/2011 16:56:38 Supplied by www.sharenet.co.za                     
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