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Tue 23 Sep 2008, 10:42 DEUT - Deutsche Bank AG - Issue of new index waves
JSE
DEUT                                                                            
DEUT - Deutsche Bank AG - Issue of new index waves                              
Deutsche Bank AG                                                                
(incorporated under the law of the Federal Republic of Germany)                 
acting through its London branch                                                
Issue of new index waves                                                        
Warrant Code    TOPDWB        TOPDWC         TOPDWR        TOPDWS               
Underlying      JSE TOP40     JSE TOP40      JSE TOP40     JSE TOP40            
Name            INDEX         INDEX          INDEX         INDEX                
Expiry Date     2009-Mar-12   2009-Mar-12    2009-Mar-12   2009-Mar-12          
ISIN            DE000DB0TV82  DE000DB0TV90   DE000DB0TW08  DE000DB0TW16         
Strike Price /  20,000        19,000         27,000        26,000               
Barrier Level                                                                   
Cover Ratio     5000          10000          5000          10000                
Issue Size      3000000       6000000        3000000       6000000              
Call / Put      C             C              P             P                    
American /      E             E              E             E                    
European                                                                        
The JSE Limited Issuer Services Division has approved the listing of the above  
mentioned Wave/s and trading will commence on 23 September 2008. Settlement of  
the Wave/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 7757994                                                        
e-mail:   x-markets@db.co.za                                                    
Deutsche Securities                                                             
Date: 23/09/2008 10:42:02 Produced by the JSE SENS Department.                  
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