Early Repurchase

Deutsche Bank AG

Please be advised that the Issuer has repurchased the following Issues

SL.NO

Value Date

ISIN

Issuer Name

CCY

CAEV Amount

New Outstanding

Next Coupon Date

1

13-Dec-2012

XS0301236625

Merrill Lynch and S.A.

JPY

10,000,000.00

130,000,000.00

25-Feb-2013