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Fri 13 Apr 2007, 8:38 Deutsche Bank AG - Issue of new index/equity WAVE/
JSE
 DEUT                                                                            
    Deutsche Bank AG - Issue of new index/equity WAVE/s                         
    Deutsche Bank AG                                                            
    (incorporated under the law of the Federal Republic of Germany)             
acting through its London branch                                            
                                                                                
    Issue of new index/equity WAVE/s                                            
                                                                                

                                                                                
    Underlying     FTSE / JSE Top    FTSE / JSE Top   FTSE / JSE Top 40         
                   40 Index          40 Index         Index                     
Derivative     TOPDWQ            TOPDWR           TOPDWK                    
    ISIN           DE000DB9BVW2      DE000DB9BVX0     DE000DB9BVY8              
    Strike         26000             26500            23500                     
    Type           EP                EP               EC                        
Expiry         15-Nov-07         15-Nov-07        15-Nov-07                 
    Cover Ratio    5000:1            10000:1          5000:1                    
                                                                                
    The JSE Limited Issuer Services Division has approved the listing of the    
above mentioned WAVE/s and trading will commence on 12 April 2007.          
    Settlement of the WAVE/s will be effected electronically through the STRATE 
    system of the JSE and accordingly, certificates evidencing the WAVE/s will  
    not be issued to holders.                                                   
All members of the JSE may participate in trading, which will occur         
    according to normal JSE rules. Copies of the pricing supplement can be      
    obtained from Deutsche Securities (Pty) Limited.                            
    For further information contact:                                            
X-markets Team                                                              
    Tel:      +27 11 7757236                                                    
    e-mail:   x-markets@db.co.za                                                
                                                                                
Deutsche Securities                                                         
Date: 13/04/2007 08:38:41 Produced by the JSE SENS Department.
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