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Wed 15 Aug 2012, 9:31 DEUTSCHE BANK AG - Termination of Listing
TOPDWT TOPDWU 201208150015A
Termination of Listing

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 8 August 2012

 Barrier Level:                     33,000 index points
 Knock-Out Level:                   33,000 index points
 JSE Code:                          TOPDWT
 JSE Short Name:                    DB TOP PT W
 JSE Long Name:                     DB TOP 3300PT 0002 AUG12
 Isin Code:                         DE000DE3AFW7


 Barrier Level:                     34,000 index points
 Knock-Out Level:                   34,000 index points
 JSE Code:                          TOPDWU
 JSE Short Name:                    DB TOP PU W
 JSE Long Name:                     DB TOP 3400PU 0002 AUG12
 Isin Code:                         DE000DE3AFX5


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) 775-7014
or e-mail x-markets.za@db.com

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