Deutsche Bank AG- Listing WAVEs - TOPDWX, TOPDWY 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 TOPDWX Short Name DB TOPPXW Long Name DB TOP 3900PX 0002 OCT13 Underlying Name TOP40- Tradable Expiry 10 October 2013 Strike 39000 Barrier 39000 Cover 5000:1 No. of Securities Up to 3000 000 Listing date 18 February 2013 ISIN DE000DE3CG32 Code TOPDWY Short Name DB TOPPYW Long Name DB TOP 4000PY 0002 OCT13 Underlying Name TOP40- Tradable Expiry 15 August 2013 Strike 40000 Barrier 40000 Cover 5000:1 No. of Securities Up to 3000 000 Listing date 18 February 2013 ISIN DE000DE3CG40 The JSE Limited Issuer Services Division has approved the listing of the above mentioned WAVE/s and trading will commence on 18 February 2013. 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. The securities contain a knock-out feature. Investors should be aware of the fact that as soon as a Knock-out Event has occurred the securities become worthless. For further information contact: X-markets Team Tel: +27 11 775 7014 E-mail: x-markets@db.co.za Deutsche Securities Date: 18/02/2013 01:00:00 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.