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Tue 5 Jul 2011, 10:07 DEUT - Deutsche Bank AG - Issue of new ETN`s
JSE
DEUT                                                                            
DEUT - Deutsche Bank AG - Issue of new ETN`s                                    
Deutsche Bank AG                                                                
(incorporated under the law of the Federal Republic of Germany)                 
acting through its London branch                                                
Issue of new ETN`s                                                              
Long Name     DB MSCIEM ETN         DB MSCICH ETN        DB MSCIAF ETN          
             05Jul2021             05Jul2021            05Jul2021               
Short Name    DBEMERETN             DBCHINETN            DBAFRIETN              
Alpha         DBEMER                DBCHIN               DBAFRI                 
Issue Size    20,000,000            20,000,000           20,000,000             
Issue Price   2800                  2400                 5200                   
Expiry Date   2021/07/05            2021/07/05           2021/07/05             
Listing Date  2011/07/05            2011/07/05           2011/07/05             
ISIN          DE000DE298B0          DE000DE298C8         DE000DE298D6           
The JSE Limited Issuer Services Division has approved the listing of the above  
mentioned ETNs and trading will commence on 5 July 2011. Settlement of the ETNs 
will be effected electronically through the STRATE system of the JSE and        
accordingly, certificates evidencing the ETNs 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 11 775 7283/7824                                                  
e-mail:   x-markets.za@db.com                                                   
Deutsche Securities (Pty) Limited                                               
Date: 05/07/2011 10:07:13 Produced by the JSE SENS Department.                  
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