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Fri 11 Mar 2016, 9:05 DEUTSCHE BANK AG - Expiry of WAVEs: TOPDWX TOPDWW
TOPDWX TOPDWW 201603110015A
Expiry of WAVEs: TOPDWX,TOPDWW

Deutsche Bank AG
 (incorporated on 10 March 1870 under the laws of the Federal Republic of Germany)
  acting through its London branch

Notice of expiry WAVE

Please note the following WAVEs have expired on 10 March 2016:

 Barrier Level:                     50,000 index points
 Knock-Out Level:                   50,000 index points
 JSE Code:                          TOPDWX
 JSE Short Name:                    DB TOPPWX
 JSE Long Name:                     DB TOP 5000PX 0002 MAR16
 Isin Code:                         DE000DT7HUQ7
 Final Prce:                        ZAR 8.90

 Barrier Level:                     49,000 index points
 Knock-Out Level:                   49,000 index points
 JSE Code:                          TOPDWW
 JSE Short Name:                    DB TOPPWW
 JSE Long Name:                     DB TOP 4900PW 0002 MAR16
 Isin Code:                         DE000DT7G4Y7
 Final Prce:                        ZAR 6.90


The Warrants are exercisable only in accordance with the terms and conditions as set in
Deutsche Bank's programme memorandum and relevant pricing supplements ("the
documents"). The product pricing supplement is available on the website (www.x-
markets.db.com). Holders of the WAVEs are advised that the Expiration Price will be
payable on or about 17 March 2016.



For further information contact:
X-markets - Tel (011) 775-7014
or e-mail x-markets.za@db.com

11 March 2016

Date: 11/03/2016 09:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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