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Fri 4 Nov 2005, 12:58 Deutsche Bank AG - Issue of new index / equity WAV
Deutsche Bank AG - Issue of new index / equity WAVEs                            
Deutsche Bank AG                                                                
(incorporated under the law of the Federal Republic of Germany)                 
acting through its London branch                                              
Issue of new index / equity WAVEs                                               
Underlying       WAVE    Strike    Barrier   Type  Multiplier  Expiry           
                         Level     Level                                        
FTSE / JSE                                                                      
Top 40 Index     TOPDWL  14800     14800     EC    0.0002      21 July 2006     
FTSE / JSE                                                                      
Top 40 Index     TOPDWY  16500     16500     EP    0.0002      21 July 2006     
The JSE Limited Issuer Services Division has approved the listing of the        
abovementioned WAVE and trading will commence on 7 November 2005.               
Settlement of the WAVEs 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: Matthew Arnott - Tel (011) 775-7812            
or e-mail matthew.arnott@db.com                                                 
Deutsche Securities                                                             
Date: 04/11/2005 12:58:07 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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