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Thu 26 Jan 2006, 10:04 Deutsche Bank AG - Notice of expiry WAVEs
JSE
 DEUT                                                                            
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                                                          
Underlying   Issue  Strike  Barrier  WAVE  Expiry Cover   ISIN Code   JSE       
Security     Size   Level   Level    Type  Date   Ratio               Code      
Anglo                                                                           
American     9 000  R260    R260     EC    26/01/ 50:1    ZAE00006986 AMSDWH    
Platinum     000                           2006           0                     
Corporation                                                                     
Limited                                                                         
African                                                                         
Bank         4 000  R15.80  R15.80   EC    26/01/ 4.9368  ZAE00006983 ABLDWC    
Investments  000                           2006   69:1    7                     
Limited                                                                         
BHP          20 000 R76     R76      EC    26/01/ 20:1    ZAE00006988 BILDWF    
Billiton     000                           2006           6                     
plc                                                                             
Barloworld   3 000  R81     R81      EC    26/01/ 40:1    ZAE00006987 BAWDWC    
plc          000                           2006           8                     
Gold Fields                                                                     
Limited      12 000 R67     R67      EC    26/01/ 20:1    ZAE00007008 GFIDWI    
000                           2006           2                     
Harmony      6 000  R49     R49      EC    26/01/ 20:1    ZAE00006991 HARDWB    
Gold Mining  000                           2006           0                     
Company Ltd                                                                     
Impala                                                                          
Platinum     8 000  R505    R505     EC    26/01/ 200:1   ZAE00006994 IMPDWE    
Holdings     000                           2006                                 
Limited                                                                         
Mittal       10 000 R40     R40      EC    26/01/ 20:1    ZAE00006995 MLADWB    
Steel        000                           2006           1                     
Nedcor       19 000 R65     R65      EC    26/01/ 20:1    ZAE00006996 NEDDWE    
Limited      000                           2006           9                     
Naspers      20 000 R74     R74      EC    26/01/ 20:1    ZAE00006997 NPNDWC    
Limited      000                           2006           7                     
Richemont                                                                       
Securities   17 500 R18.96  R18.96   EC    26/01/ 4.92:1  ZAE00006998 RCHDWE    
AG           000                           2006           5                     
Sanlam       18 000 R10     R10      EC    26/01/ 5:1     ZAE00007002 SLMDWB    
Limited      000                           2006           5                     
Sappi        10 000 R58     R58      EC    26/01/ 20:1    ZAE00007009 SAPDWD    
Limited      000                           2006                                 
Sasol        11 000 R172    R172     EC    26/01/ 40:1    ZAE00007003 SOLDWF    
Limited      000                           2006           3                     
Telkom SA                                                                       
Limited      20 000 R104    R104     EC    26/01/ 40:1    ZAE00007005 TKGDWG    
             000                           2006           8                     
Telkom SA                                  26/01/                               
Limited      20 000 R82.27  R82.27   EC    2006   1:19.1  ZAE00006403 TKGDWE    
000                                  3       6                     
FTSE / JSE                                                                      
Top 40       3 000  12400   12400    EC    26/01/ 5000:1  ZAE00007007 TOPDWI    
Index        000                           2006           4                     
FTSE / JSE                                                                      
Top 40       3 000  13000   13000    EC    26/01/ 5000:1  ZAE00007092 TOPDWJ    
Index        000                           2006           6                     
FTSE / JSE                                                                      
Top 40       3 000  13800   13800    EC    26/01/ 5000:1  ZAE00007173 TOPDWK    
Index        000                           2006           4                     
The WAVEs are exercisable only in accordance with the terms and conditions as   
set in Deutsche Bank"s programme memorandum and relevant pricing supplement     
("the documents") Copies of the documents can be obtained from the offices of   
Deutsche Securities (Pty) Limited, 3 Exchange Square, 87 Maude Street, Sandton. 
For further information contact: Farhan Qureshi - Tel (011) 775-7824            
or e-mail farhan.qureshi@db.com                                                 
Date: 26/01/2006 10:04:45 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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