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Mon 18 Sep 2006, 9:16 Deutsche Bank AG - Richemont Waves notice
JSE   RCHDWFRCHDWV
 DEUT                                                                            
Deutsche Bank AG - Richemont Waves notice                                       
Deutsche Bank AG                                                                
Holders of the WAVES below are referred to the notice to shareholders of        
Richemont, regarding the payment of a special dividend.                         
Deutsche Bank AG will make the following adjustments to the terms and conditions
of the WAVES below: -                                                           
WAVES                                                                           
Code    ISIN Code     Type  Expiry    Previous  Adjusted  Previous  Adjusted    
                                      Strike    Strike    Cover     Cover       
                                      Price     Price     Ratio     Ratio       
RCHDWF  ZAE000075214  EC    27/10/06  23.00     22.70     5         4.93        
RCHDWV  ZAE000081063  EP    27/10/06  37.00     36.51     20        19.74       
The above adjustments will be made from the start of trading on 18 September    
2006.                                                                           
The effects of the adjustments will place the holders in the same position, had 
the corporate action not taken place.                                           
For further information contact Deutsche Securities (Pty) Limited, 3 Exchange   
Square, 87 Maude Street, Sandton: (Matthew Arnott - Tel (011) 775-7282 or e-mail
matthew.arnott@db.com)                                                          
18 September 2006                                                               
Date: 18/09/2006 09:16:05 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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