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Mon 31 Jul 2006, 9:49 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      Strike   Barrier  Type  Expiry     Cover         
                     Codes     Level    Level                     Ratio         
FTSE / JSE   TOPDWC  ZAE0000   18200    18200    EC    30-Nov-06  5000          
Top 40               83085                                                      
Index                                                                           
The JSE Limited Issuer Services Division has approved the listing of the above  
mentioned WAVE and trading will commence on 31 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                                                             
31 July 2006                                                                    
Date: 31/07/2006 09:49:57 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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