Early Redemption

Deutsche Bank AG

Merrill Lynch S.A.

Issue of USD 11,900,000 Callable 10 year US CMT

Credit Linked Notes due May 4, 2017 Sr 794 Tr 1

MTN

ISIN : XS0298397786

This Issue has been early redeemed in full, for value date 04/11/2010

The new amount outstanding will be Nil.

Please arrange to reflect this in your records