Deutsche Bank AG
Merrill Lynch S.A.
Issue of USD 600,000 Bearer Fixed to Index Linked
Interest Amount Automatic Early Redemption Notes
due 26 November 2038 Series 1939 Tranche 1 MTN
ISIN : XS0398623958
This Issue has been early redeemed in full, for value date 26/11/2010
The new amount outstanding will be Nil.
Please arrange to reflect this in your records