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Fri 30 Mar 2007, 11:26 DEUT - Deutsche Bank AG - Knock out Notice TOPDWZ
JSE   TOPDWZ
 DEUT                                                                            
DEUT - Deutsche Bank AG - Knock out Notice TOPDWZ                               
Deutsche Bank AG                                                                
 (incorporated under the laws of the Federal Republic of Germany)               
acting through its London branch                                              
NOTICE: TERMINATION OF LISTING - TOPDWZ - INDEX WAVE (PUT)                      
Barrier Level:     24,500 index points                                          
Knock-Out Level:   24,500 index points                                          
JSE Code:          TOPDWZ                                                       
JSE Short Name:    DB TOP PZW                                                   
JSE Long Name:     DEUTSCHE BANK AG                                             
Isin Code:         ZAE000091054                                                 

In terms of the Pricing Supplement read with the Product Conditions, the listing
of TOPDWZ terminated automatically when the FTSE / JSE Top 40 Index ("the       
Index") was equal to or fell above the Barrier Level of 24,500 index points. The
Index was equal to / fell above this level of 24,500 index points on 30 March   
2007.  For further information contact:                                         
For further information contact:                                                
X-markets - Tel (011) 775-7994                                                  
or e-mail X-markets@db.co.za                                                    
Date: 30/03/2007 11:26:51 Produced by the JSE SENS Department.                  
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