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Tue 23 Oct 2007, 16:50 DEUT - Deutsche Bank AG - Issue Of New Index / Equ
JSE   SAPDBSMURDBBKIODBUJDGDBDSLMDBANEDDBLSLMDBPSOLDBPJDGDBROMLDBASAPDBDNTCDBCSO
 DEUT                                                                            
DEUT - Deutsche Bank AG - Issue Of New Index / Equity Warrant/S                 
Deutsche Bank AG                                                                
(incorporated under the law of the Federal Republic of Germany)                 
acting through its London branch                                                
Issue of new index / equity Warrant/s                                           
Underlying          JD Group Limited    JD Group Limited     Kumba Iron Ore     
                                                            Limted              
Derivative          JDGDBD              JDGDBR               KIODBU             
ISIN                DE000DB9DAH3        DE000DB9DAJ9         DE000DB9DAK7       
Strike              7000                6000                 22000              
Type                AC                  EP                   EP                 
Expiry              12-Jun-08           12-Jun-08            12-Jun-08          
Cover Ratio         20:1                20:1                 55:1               
Underlying          Mittal Steel South  Mittal Steel South   Murray & Roberts   
                   Africa Ltd          Africa Ltd           Holdings Limited    
Derivative          MLADBE              MLADBT               MURDBB             
ISIN                DE000DB9DAL5        DE000DB9DAM3         DE000DB9DAN1       
Strike              16000               14000                10500              
Type                AC                  EP                   AC                 
Expiry              12-Jun-08           12-Jun-08            12-Jun-08          
Cover Ratio         45:1                45:1                 30:1               
Underlying          Murray & Roberts    Nedcor Limited       Network Healthcare 
                   Holdings Limited                         Holdings Limited    
Derivative          MURDBR              NEDDBL               NTCDBC             
ISIN                DE000DB9DAP6        DE000DB9DBC2         DE000DB9DBD0       
Strike              9000                15000                1400               
Type                EP                  AC                   AC                 
Expiry              12-Jun-08           12-Jun-08            12-Jun-08          
Cover Ratio         30:1                40:1                 4:1                
Underlying          Sappi Limited       Sappi Limited        Sasol Limited      
Derivative          SAPDBD              SAPDBS               SOLDBB             
ISIN                DE000DB9DBE8        DE000DB9DBF5         DE000DB9DBG3       
Strike              12000               10000                36000              
Type                AC                  EP                   AC                 
Expiry              12-Jun-08           12-Jun-08            12-Jun-08          
Cover Ratio         35:1                35:1                 100:1              
Underlying          Sasol Limited       Old Mutual plc       Old Mutual plc     
Derivative          SOLDBP              OMLDBA               OMLDBP             
ISIN                DE000DB9DBH1        DE000DB9DBJ7         DE000DB9DBK5       
Strike              32000               2700                 2300               
Type                EP                  AC                   EP                 
Expiry              12-Jun-08           12-Jun-08            12-Jun-08          
Cover Ratio         100:1               7:1                  7:1                
Underlying          Sanlam Limited      Sanlam Limited                          
Derivative          SLMDBA              SLMDBP                                  
ISIN                DE000DB9DBL3        DE000DB9DBM1                            
Strike              2600                2300                                    
Type                AC                  EP                                      
Expiry              12-Jun-08           12-Jun-08                               
Cover Ratio         7:1                 7:1                                     
The JSE Limited Issuer Services Division has approved the listing of the above  
mentioned Warrant/s and trading will commence on 19th October 2007. Settlement  
of the Warrant/s will be effected electronically through the STRATE system of   
the JSE and accordingly, certificates evidencing the WAVES 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                                                                       
Tel: +27 11 7757236                                                             
e-mail: x-markets@db.co.za                                                      
Deutsche Securities                                                             
Date: 23/10/2007 16:50:03 Produced by the JSE SENS Department.                  
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