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Kommunalbanken AS (63KQ)

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Wednesday 04 April, 2012

Kommunalbanken AS

Early Redemption

Early Redemption

Deutsche Bank AG

KOMMUNALBANKEN

AS Issue of USD 20,000,000 Callable Zero Coupon

Instruments due 20 April 2041 Series 3684

MTN

ISIN: XS0616949516

This Issue has been early redeemed in full, for value date 20-Apr-2012

The new amount outstanding will be Nil.

Please arrange to reflect this in your records