DEUTSCHE BANK AG - Expiry of WAVE: TOPDWF

Expiry of WAVE: TOPDWF

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

Notice of expiry WAVE

Please note the following WAVEs have expired on 18 February 2016:

 Barrier Level:                     41,000 index points
 Knock-Out Level:                   41,000 index points
 JSE Code:                          TOPDWF
 JSE Short Name:                    DB TOPCFW
 JSE Long Name:                     DB TOP 4100CF 0002 FEB16
 Isin Code:                         DE000DT7HBL8
 Final Price:                       ZAR 6.9225




The Warrants are exercisable only in accordance with the terms and conditions as set in
Deutsche Bank's programme memorandum and relevant pricing supplements ("the
documents"). The product pricing supplement is available on the website (www.x-
markets.db.com). Holders of the WAVEs are advised that the Expiration Price will be
payable on or about 25 Febuary 2016.



For further information contact:
X-markets - Tel (011) 775-7014
or e-mail x-markets.za@db.com

19 February 2016

Date: 19/02/2016 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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