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Thu 11 May 2006, 12:28 Deutsche Bank AG - Knock out Notice TOPDWS
JSE   TOPDWS
 DEUT                                                                            
Deutsche Bank AG - Knock out Notice TOPDWS                                      
Deutsche Bank AG                                                                
  (incorporated under the laws of the Federal Republic of Germany)              
acting through its London branch                                             
NOTICE : TERMINATION OF LISTING - TOPDWS - INDEX WAVE (PUT)                     
Barrier Level:      20 200 index points                                         
Knock-Out Level:    20 200 index points                                         
JSE Code:           TOPDWS                                                      
JSE Short Name:     DB TOP PSW                                                  
JSE Long Name:      DB TOP 2020 PSW 0002Oct06                                   
Isin Code:          ZAE000079505                                                
In terms of the Pricing Supplement read with the Product Conditions, the listing
of TOPDWS terminated automatically when the FTSE / JSE Top 40 Index ("the       
Index") was equal to or rose above the Barrier Level of 20,200 index points. The
Index was equal to / rose above this level of 20,200 index points on 11 May     
2006.                                                                           
For further information contact:                                                
Farhan Qureshi - Tel (011) 775-7994                                             
or e-mail farhan.qureshi@db.com                                                 
Date: 11/05/2006 12:28:08 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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