Listing Deutsche Bank AG (incorporated under the law of the Federal Republic of Germany) acting through its London branch. Issue of new Equity Index WAVEs Code TOPDWW TOPDWX TOPDWJ Short Name DB TOP PW W DB TOP PX W DB TOP CJ W Long Name DB TOP 3150PW 0002 APR13 DB TOP 3300PX 0002 APR13 DB TOP 2950CJ 0002 APR13 Underlying Name TOP40-Tradeable TOP40-Tradeable TOP40-Tradeable Expiry 4/18/2013 4/18/2013 4/18/2013 Strike 31500 33000 29500 Iss.Price 2.00 4.00 3.00 Cover 5000:1 5000:1 5000:1 No. of Securities Up to 3 000 000 Up to 3 000 000 Up to 3 000 000 Listing Date 08/08/2012 08/08/2012 08/08/2012 ISIN DE000DE3BLG6 DE000DE3BLH4 DE000DE3BLJ0 The JSE Limited Issuer Services Division has approved the listing of the above mentioned WAVE/s and trading will commence on 8 August 2012. 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: 08/08/2012 09:30:00 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.