DEUTSCHE BANK AG - Termination of Listing- DBNPNW

Termination of Listing- DBNPNW

Deutsche Bank AG
Rump Certificate on Naspers Ltd less Tencent Holdings Ltd
Share code: DBNPNW
ISIN: DE000DT0T0D1

(“Naspers STUB”)

Notice: Termination of listing – DBNPNW

Holders of Naspers STUB certificates are advised that the securities will be
redeemed early, effective date 13 April 2015, in accordance with Issuer’s Redemption
Rights due to the observed Stub Differential Factor for the securities being less
than the Threshold Stub Differential Factor at 10:00 on 13 April 2015. Security
holders of DBNPNW are advised the official redemption amount payable on or about
Tuesday, 21 April 2015 will be ZAR 37.52 per security.

13 April 2015


Manager or Issuer:

Deutsche Bank AG, London

Date: 13/04/2015 02:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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