DEUTSCHE BANK AG - Knockout of WAVE: TOPDWY

Knockout of WAVE: TOPDWY

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

NOTICE: TERMINATION OF LISTING – TOPDWY - INDEX WAVE (Put)


 Barrier Level:                    47,000 index points
 Knock-Out Level:                  47,000 index points
 JSE Code:                         TOPDWY
 JSE Short Name:                   DB TOP PY W
 JSE Long Name:                    DB TOP 4700PY 0002 JUL16
 ISIN Code:                        DE000DT9N389


In terms of the Pricing Supplement read with the Product Conditions, the listing of
TOPDWY terminated automatically when the FTSE / JSE Top 40 Index ("the Index") was
equal to or above the Barrier Level of 47,000 index points. The Index was equal to /
above this level of 47,000 index points on 17 March 2016. The product pricing
supplement is available on the website (www.x-markets.db.com).


For further information contact:
X-markets Team
Tel: +27 11 775 7014

17 March 2016

Deutsche Securities

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