Early Repurchase

Deutsche Bank AG

Please note that the following Issues have been repurchased by the Issuer:

SL.NO	Value Date	ISIN	Issue #	Issuer Name	CCY	CAEV Amount	New Outstanding	Next Coupon Date
1	06-Jul-2011	XS0248865908	M74754	Merrill Lynch and Co.,Inc	EUR	850,000.00	30,150,000.00	15-May-2012

Please arrange to reflect this in your records