Deutsche Bank AG Determining Party

Deutsche Bank Confidential Equities Structuring Group

Business Days TARGET Settlement Day Calculation/Paying

London Branch

London

Option Payout Notional

THE END Of TIC TERM

the Financial Services Authority

SEC

NKY

Deutsche Bank Confidential Equities Structuring Group Termsheet Disclaimer

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

BaFin - Federal Financial

Expiry Date

Max

P64,07rwL

Underlying Initial Level k Bloomberg Code Reuters Code

Deutsche Bank AG

London Branch Option Buyer Southern Financial

k,0

Underlying

Underlying

Deutsche Banks