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Wed 27 Jun 2007, 15:12 TOPDWO - Deutsche Bank AG - Notice: Termination of
JSE   TOPDWO
 DEUT                                                                            
TOPDWO - Deutsche Bank AG - Notice: Termination of Listing - INDEX WAVE (CALL)  
Deutsche Bank AG                                                                
(Incorporated under the laws of the Federal Republic of Germany)                
Acting through its London branch                                                
NOTICE: TERMINATION OF LISTING - TOPDWO - INDEX WAVE (CALL)                     
    Barrier Level:             25,500 index points                              
    Knock-Out Level:           25,500 index points                              
JSE Code:                  TOPDWO                                           
    JSE Short Name:            DB TOP COW                                       
    JSE Long Name:             DEUTSCHE BANK AG                                 
    Isin Code:                 DE000DB9CZX9                                     
In terms of the Pricing Supplement read with the Product Conditions, the listing
of TOPDWO terminated automatically when the FTSE / JSE Top 40 Index ("the       
Index") was equal to or fell below the Barrier Level of 25,500 index points. The
Index was equal to / fell below this level of 25,500 index points on 27 June    
2007.  For further information contact:                                         
For further information contact:                                                
X-markets - Tel (011) 775-7994                                                  
or e-mail X-markets@db.co.za                                                    
Date: 27/06/2007 15:12:01 Produced by the JSE SENS Department.
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