Early Redemption
Deutsche Bank AG
Merrill Lynch S.A.
JPY 50,000,000 Bearer Fixed and Equity Linked Coupon
Amount Automatic Early Redemption Equity Linked
Redemption Notes due 05 Aug 2011 Sr 1715 Tr 1 MTN
ISIN: XS0377462741
CASH AMOUNT: JPY 127,390
SHARES: 50,500 SHARES OF JP3902900004
DELIVERY AGENT: MERRILL LYNCH INTERNATIONAL BANK LIMITED
VALUE DATE: 5/AUG/11
