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Wed 11 Jan 2006, 8:00 Deutsche Bank AG - Issue of new index / equity WAV
JSE
 DEUT                                                                            
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  TOPDWM   15500     15500      EC    0.0002       24-Aug-06   
Index                                                                           
FTSE / JSE Top 40  TOPDWP   18500     18500      EP    0.0002       24-Aug-06   
Index                                                                           
FTSE / JSE Top 40  TOPDWZ   17800     17800      EP    0.0002       24-Aug-06   
Index                                                                           
The JSE Limited Issuer Services Division has approved the listing of the above  
mentioned                                                                       
WAVE and trading will commence on 11 January 2006. 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: Farhan Qureshi - Tel (011) 775-7824            
or e-mail farhan.qureshi@db.com                                                 
Deutsche Securities                                                             
10 January 2006                                                                 
Date: 11/01/2006 08:00:04 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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