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Mon 24 Jul 2006, 9:13 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     ISIN Codes    Strike   Barrier  Type  Expiry     Cover     
                                   Level    Level                     Ratio     
FTSE / JSE  TOPDWW   ZAE000083051  19800    19800    EP    30-Nov-06  5000      
Top 40                                                                          
Index                                                                           
The JSE Limited Issuer Services Division has approved the listing of the above  
mentioned WAVE and trading will commence on 24 July 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: 24/07/2006 09:13:04 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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