Termination of listing – DBNPAM Deutsche Bank AG London JSE Code: DBNPAM Short Name: DBSTNPAM Long Name: DB STUBNPAM 17JUL2018 Underlying: Naspers Limited (NPN) Listing Date: 15 November 2017 Expiry Date: 17 July 2018 ISIN: DE000DM7GUE2 (“Naspers STUB certificate”) Notice: Termination of listing – DBNPAM Holders of Naspers STUB certificates are advised that the securities have been redeemed early, effective date 19 June 2018, in accordance with the Issuer’s Redemption Rights due to the observed Stub Differential Factor for the securities being less than the Threshold Stub Differential Factor on 19 June 2018. Early Redemption Price and Payment Date will be communicated on 20 June 2018. 19 June 2018 Manager or Issuer: Deutsche Bank AG, London For further information contact: Tel: +27 11 775 7079 E-mail: email@example.com Date: 19/06/2018 11:30:00 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.