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

Deutsche Banks

BaFin - Federal Financial

Expiry Date

THE END Of TIC TERM

Underlying

the Financial Services Authority

NKY

SEC

Underlying

Deutsche Bank AG Determining Party

Deutsche Bank Confidential Equities Structuring Group

London

Option Payout Notional

Deutsche Bank Confidential Equities Structuring Group Termsheet Disclaimer

Max

P64,07rwL

Deutsche Bank AG

London Branch Option Buyer Southern Financial

Underlying Initial Level k Bloomberg Code Reuters Code

London Branch

Business Days TARGET Settlement Day Calculation/Paying

k,0