Deutcsche Bank AG Stub Certificates - Listing of Prosus Deutsche Bank AG London JSE Code: DBNPBC, DBNPBD, DBNPBE, DBNPBF, DBNPBG, DBNPBH Short Name: DBNPBC,DBSTNPBD,DBSTNPBE, DBSTNPBF, DBSTNPBG, DBSTNPBH Long Name: DB STUBNPC 15 JAN2020 DB STUBNPBD 15JAN2020, DB STUBNPBE 15JAN2020, DB STUBNPBF 15JAN2020, DB STUBNPBG 15JAN2020, DB STUBNPBH 15JAN2020 Underlying: Naspers Limited (NPN) Listing Date: 11 July 2019 Expiry Date: 15 January 2020 ISIN: DE000DS3FLV0, DE000DS3FLW8, DE000DS3FLX6, DE000DS3FLY4, DE000DS3FLZ1, DE000DS3FM07 (“Naspers STUB”) NOTICE: Unbundling of Prosus Holders of Naspers STUB certificates are advised that following the announcement by Naspers Limited as the issuer of the B Shares that the period for making elections for Naspers N Ordinary Shares (instead of Naspers M Ordinary Shares and ultimately, Prosus N Ordinary Shares) under the Naspers N Share Capitalisation Issue, the Calculation Agent has determined that this constitutes a Potential Adjustment Event under the terms of the Securities. The Calculation Agent will make the corresponding adjustment to any one or more of the Conditions as the Calculation Agent determines appropriate to account for the effect of such Potential Adjustment Event and has determined that the effective date of such adjustments will be Wednesday 11 September 2019 27 August 2019 Manager or Issuer: Deutsche Bank AG, London For further information contact: Tel: +27 11 775 7000 E-mail: matthew.arnott@db.com Date: 27/08/2019 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.