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JSE
 DEUT                                                                            
     Deutsche Bank AG - Notice of expiry WAVEs                                  
     Deutsche Bank AG                                                           
     (incorporated under the laws of the Federal Republic of Germany)           
acting through its London branch                                           
     Notice of expiry WAVEs                                                     
     Underlying Security      FTSE / JSE Top 40 Index                           
     Issue Size               3,000,000                                         
Strike Level             17200                                             
     Barrier Level            17200                                             
     WAVE Type                EC                                                
     Expiry Date              30-Nov-2006                                       
Cover Ratio              0.0002                                            
     ISIN Code                ZAE000081907                                      
     JSE Code                 TOPDWB                                            
     The WAVEs are exercisable only in accordance with the terms and conditions 
as set in Deutsche Bank"s programme memorandum and relevant pricing        
     supplement ("the documents") Copies of the documents can be obtained from  
     the offices of Deutsche Securities (Pty) Limited, 3 Exchange Square, 87    
     Maude Street, Sandton.                                                     
For further information contact:                                           
     X-markets                                                                  
     Tel (011) 775-7236                                                         
     or e-mail x-markets@db.com                                                 
Date: 05/12/2006 08:25:00 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                

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