DEUTSCHE BANK AG - Stub Knock-Out - DBNPNF

Stub Knock-Out - DBNPNF

Deutsche Bank AG 
(incorporated on 10 March 1870 under the law of the Federal
Republic of Germany) acting through its London Branch.

Rump Certificate on Naspers Ltd less Tencent Holdings Ltd

Share code: DBNPNF
ISIN: DE000DT7HYU1

(“Naspers STUB”)

Notice: Termination of listing – DBNPNF


Holders of Naspers STUB certificates are advised that the securities will be
redeemed early 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 on 26 January 2016. The Calculation Agent
will communicate the Early Redemption Price and Payment Date on or about 27
January 2016.


26 January 2016


Manager or Issuer:
Deutsche Bank AG, London

For further information contact:
Tel:      +27 11 775 7824
E-mail:   x-markets@db.co.za

Date: 26/01/2016 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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