DEUTSCHE BANK AG - Deutsche Bank AG- Expiry of WAVE: TOPDWK

Deutsche Bank AG- Expiry of WAVE: TOPDWK

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 WAVE has expired on 14 July 2016:

 Barrier Level:                     40,000 index points
 Knock-Out Level:                   40,000 index points
 JSE Code:                          TOPDWK
 JSE Short Name:                    DB TOPCKX
 JSE Long Name:                     DB TOP 4000CK 0002 JUL16
 Isin Code:                         DE000DT9N371
 Final Price:                       ZAR 12.55



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 20 July 2016.



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

15 July 2016

Date: 15/07/2016 08:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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