Currency Exchange Rates

Termsheet Express Certificate EURO STOXX 50 Index with fix Strikes and 50

Termsheet WAVE Unlimited on Indices (Call and Put-Warrants with Knock-Out) Telephone: Telefax: REUTERS: Internet: Email: ++49/69/910-38807 ++49/69/910 38673 DBMENU www

com 1 Terms and Conditions Issuer: Issue Price: Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 23 September 2009 for the first time before the start of the offering and after that it will

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Product Description & Rationale The Dow Jones EURO STOXX 50 Note 2014 has a maturity of 5 years and ist 100% capital protected

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development of the Underlying during its lifetime

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At maturity, investors receive a payment per Certificate in the amount of the Final Reference Level multiplied with the Multiplier limited to the Maximum Amount (Cap)

Termsheet WAVEs Unlimited on Indices (Call and Put Warrants with Knock-out)

Termsheet - Deutsche Bank X - markets

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com 1 Terms and Conditions Issuer: Issue Price: Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 22 January 2010 for the first time before the start of the offering and after that it will be

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Deutsche Bank AG, Frankfurt am Main 03 October 2008 07 October 2008 see table

com 1 Terms and Conditions Issuer: Issue Price: Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 21 September 2011 for the first time before the start of the offering and after that it will

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com 1 Terms and Conditions Issuer: Issue Price: Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 10 June 2010 for the first time before the start of the offering and after that it will be

com 1 Terms and Conditions Issuer: Issue Price: Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 10 February 2010 for the first time before the start of the offering and after that it will be

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Terms and Conditions Issuer Issue Price Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 29 September 2009 for the first time before the start of the offering and after that it will be

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Deutsche Bank AG, Frankfurt am Main 18 August 2008 20 August 2008 see table

00% Barrier (Quanto EUR)

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com 1 Terms and Conditions Issuer: Issue Price: Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 18 June 2010 for the first time before the start of the offering and after that it will be

Terms and Conditions Issuer Issue Price Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 06 August 2009 for the first time before the start of the offering and after that it will be

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com 1 Terms and Conditions Issuer: Issue Price: Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 02 November 2009 for the first time before the start of the offering and after that it will be

Determination Level the certificate is redeemed paying the Maximum Amount cash

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Termsheet WAVEs XXL on Shares (Call and Put Warrants with Knock-out)

Product Description The Discount Certificates are linked to the performance of the respective Underlying

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com 1 Terms and Conditions Issuer: Issue Price: Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 04 June 2010 for the first time before the start of the offering and after that it will be

Terms and Conditions Issuer Issue Price Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 12 November 2009 for the first time before the start of the offering and after that it will be

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The Issue Price in respect of each ISIN will be determined on 29

com 1 Terms and Conditions Issuer: Issue Price: Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 17 September 2009 for the first time before the start of the offering and after that it will

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Strike Barrier Level Barrier Level Adjustment Factor InterestAdjustment Factor Multiplier Reference Level

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com 1 Terms and Conditions Issuer: Issue Price: Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 11 March 2010 for the first time before the start of the offering and after that it will be

Termsheet WAVE Unlimited on Commodities

com 1 Terms and Conditions Issuer: Issue Price: Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 06 September 2010 for the first time before the start of the offering and after that it will

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Deutsche Bank AG, Frankfurt am Main 14 March 2008 18 March 2008 see table

com 1 Terms and Conditions Issuer: Issue Price: Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 14 January 2010 for the first time before the start of the offering and after that it will be

Deutsche Bank AG, Frankfurt am Main 30 October 2008 03 November 2008 see table

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com 1 Terms and Conditions Issuer: Issue Price: Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 09 March 2010 for the first time before the start of the offering and after that it will be

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Terms and Conditions Issuer Issue Price Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 20 December 2010 for the first time before the start of the offering and after that it will be

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Terms and Conditions Issuer Issue Price Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 26 October 2010 for the first time before the start of the offering and after that it will be

Termsheet WAVE XXL on Indices (Call and Put-Warrants with Knock-Out) Telephone: Telefax: REUTERS: Internet: Email: ++49/69/910-38807 ++49/69/910 38673 DBMENU www

If the Underlying is at or above the Strike on the respective Redemption Date, the Certificate will be early redeemed automatically by paying the Redemption Amounts stated in the table below Redemption Date 4 April 4 April 4 April 7 April

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com 1 Terms and Conditions Issuer: Issue Price: Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 15 October 2009 for the first time before the start of the offering and after that it will be

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Terms and Conditions Issuer Issue Price Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 08 June 2011 for the first time before the start of the offering and after that it will be determined

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Termsheet WAVE XXL on Shares (Call and Put-Warrants with Knock-Out) Telephone: Telefax: REUTERS: Internet: Email: ++49/69/910-38807 ++49/69/910 38673 DBMENU www

com 1 Terms and Conditions Issuer: Issue Price: Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 25 January 2011 for the first time before the start of the offering and after that it will be

Terms and Conditions Issuer Issue Price Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 04 August 2009 for the first time before the start of the offering and after that it will be

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Termsheet WAVE XXL on Commodities (Call and Put-Warrants with Knock-Out) Telephone: Telefax: REUTERS: Internet: Email: ++49/69/910-38807 ++49/69/910 38673 DBMENU www

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com 1 Terms and Conditions Issuer: Issue Price: Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 18 August 2010 for the first time before the start of the offering and after that it will be

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Termsheet WAVE Unlimited on Indices

com 1 Terms and Conditions Issuer: Issue Price: Deutsche Bank AG, Frankfurt am Main The Issue Price in respect of each ISIN will be determined on 22 February 2010 for the first time before the start of the offering and after that it will be

WAVEs on Shares

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