Deutsche Bank Confidential Equities Structuring Group Termsheet Disclaimer

Deutsche Bank AG

the Financial Services Authority

BaFin - Federal Financial

Business Days TARGET Settlement Day Calculation/Paying

P64,07rwL

London Branch

Underlying Initial Level k Bloomberg Code Reuters Code

Max

London Branch Option Buyer Southern Financial

Underlying

Deutsche Banks

Deutsche Bank Confidential Equities Structuring Group

THE END Of TIC TERM

k,0

Option Payout Notional

London

Underlying

NKY

Deutsche Bank AG Determining Party

Expiry Date

SEC

Deutsche Bank Confidential Equities Structuring Group Instrument Type OTC Option Option Seller Deutsche Bank AG