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Fri 25 Nov 2011, 11:54 TOPDWX - Deutsche Bank AG - Notice of expiry WAVES
JSE   TOPDWX
DEUT                                                                            
TOPDWX - Deutsche Bank AG - Notice of expiry WAVES                              
Deutsche Bank AG                                                                
(incorporated under the laws of the Federal Republic of Germany)                
acting through its London branch                                                
Notice of expiry WAVES                                                          
Please note the following WAVES have expired on 24 Nov 2011                     
Code    Short    Long Name      Underlying  Expir  Strike  Cover  ISIN          
Name                    Name        y                                    
TOPDWX  DB TOP   DB TOP 3100PX  TOP40-      11/24  31000   5000:1 DE000DE28UW4  
       PX W     0002 NOV11     Tradeable   /2011                                
The Warrants are exercisable only in accordance with the terms and conditions as
set in Deutsche Bank`s programme memorandum and relevant pricing supplement     
("the documents").                                                              
For further information contact:                                                
X-markets - Tel (011) 775-7236                                                  
or e-mail x-markets.za@db.com                                                   
Date: 25/11/2011 11:54:42 Produced by the JSE SENS Department.                  
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