DEUTSCHE BANK AG - Deutsche Bank AG - Wave listing - TOPDWP/TOPDWZ

Deutsche Bank AG - Wave listing - TOPDWP/TOPDWZ

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                        TOPDWZ
      Short Name                  DB TOPPZW
      Long Name                   DB TOP 3550PZ 0002 NOV13
      Underlying Name             TOP40- Tradable
      Expiry                      14 November 2013
      Strike                      35500
      Barrier                     35500
      Cover                       5000:1
      No. of Securities           Up to 3000 000
      Listing date                15 April 2013
      ISIN                        DE000DE3CLM2

      Code                        TOPDWP
      Short Name                  DB TOPPPW
      Long Name                   DB TOP 3650PP 0002 NOV13
      Underlying Name             TOP40- Tradable
      Expiry                      14 November 2013
      Strike                      36500
      Barrier                     36500
      Cover                       5000:1
      No. of Securities           Up to 3000 000
      Listing date                15 April 2013
      ISIN                        DE000DE3CLN0



The JSE Limited Issuer Services Division has approved the listing of the above mentioned
WAVE/s and trading will commence on 15 April 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: 15/04/2013 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.