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Kommunalbanken AS (63DP)

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Friday 16 March, 2012

Kommunalbanken AS

Early Redemption

Early Redemption

Deutsche Bank AG

KOMMUNALBANKEN AS

Issue Of USD 25,000,000 Callable Zero Coupon

Notes Due 29 march 2041

Series 3623 Tranche 1 MTN

ISIN : XS0607808549

This Issue has been early redeemed in full, for value date 29-Mar-2012

The new amount outstanding will be Nil.

Please arrange to reflect this in your records


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