Merrill Lynch SA

Redemption

Redemption

Deutsche Bank AG

Merrill Lynch S.A.

Issue of JPY 100,529,000 Brer Fxd Rate Eqty Lnkd

Rdmpt Notes due 16 August 2010 Sr 1023 Tr 1

MTN

ISIN : XS0315064419

Concerning the redemption of the note 1023 with ISIN Code XS0315064419 that will occur on the 16/08/2010 with principal to be paid in cash and shares, please see below the full details:

CASH AMT: NIL

SHARES: 143,000 Shares of JP3885780001

DELIVERY AGENT: MERRILL LYNCH INTERNATIONAL

VALUE DATE: 16/08/2010

Please arrange to reflect this in your records