P64,07rwL

Deutsche Bank AG

Deutsche Bank Confidential Equities Structuring Group Termsheet Disclaimer

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

Deutsche Bank AG Determining Party

THE END Of TIC TERM

SEC

Business Days TARGET Settlement Day Calculation/Paying

Underlying Initial Level k Bloomberg Code Reuters Code

Underlying

Expiry Date

k,0

NKY

London Branch Option Buyer Southern Financial

London

Deutsche Banks

Deutsche Bank Confidential Equities Structuring Group

the Financial Services Authority

BaFin - Federal Financial

London Branch

Underlying

Option Payout Notional

Max