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Wed 15 Feb 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                             EC        0.0002       27-Oct-06         
Top 40      TOPDWN   16200    16200                                             
Index                                                                           
FTSE / JSE  TOPDWQ   18000    18000    EP        0.0002       27-Oct-06         
Top 40                                                                          
Index                                                                           
The JSE Limited Issuer Services Division has approved the listing of the above  
mentioned                                                                       
WAVE and trading will commence on 15th February 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                                                             
Date: 15/02/2006 08:00:22 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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