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Fri 12 May 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                                               
Underlyi  WAVE     ISIN Codes    Strike  Barrier  Type   Expiry     Multiplier  
ng                               Level   Level                                  
FTSE /    TOPDWA                 18800   18800    EC     30-Nov-06  0.0002      
JSE Top                                                                         
40 Index           ZAE000080537                                                 
FTSE /    TOPDWT                 20700   20700    EP     30-Nov-06  0.0002      
JSE Top                                                                         
40 Index           ZAE000080545                                                 
FTSE /    TOPDWU                 21800   21800    EP     30-Nov-06  0.0002      
JSE Top                                                                         
40 Index           ZAE000080552                                                 
The JSE Limited Issuer Services Division has approved the listing of the above  
mentioned WAVE and trading will commence on 12 May 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: 12/05/2006 08:00:40 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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