Deutsche Bank AG- 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 TOPDWR Short Name DB TOP PR W Long Name DB TOP 3550PR 0002 JUL13 Underlying Name TOP40- Tradable Expiry 18 July 2013 Strike 35500 Cover 5000:1 No. of Securities Up to 3000 000 Listing date 12 November 2012 ISIN DE000DE3BYM7 Code TOPDWS Short Name DB TOP PS W Long Name DB TOP 3600PS 0002 JUL13 Underlying Name TOP40- Tradable Expiry 18 July 2013 Strike 36000 Cover 5000:1 No. of Securities Up to 3000 000 Listing date 12 November 2012 ISIN DE000DE3BYN5 Code TOPDWM Short Name DB TOP CM W Long Name DB TOP 3250CM 0002 JUL13 Underlying Name TOP40- Tradable Expiry 18 July 2013 Strike 32500 Cover 5000:1 No. of Securities Up to 3000 000 Listing date 12 November 2012 ISIN DE000DE3BYP0 The JSE Limited Issuer Services Division has approved the listing of the above mentioned WAVE/s and trading will commence on 12 November 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: 12/11/2012 11:00:00 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.