Deutsche Bank Aktiengesellschaft

Instrument	Ordinary shares SE0000667891
Before the transaction
Shares	34,386,616
Voting rights	34,386,616
Transaction
Reason for major shareholding notification Buy
Date	24/04/2017
Limit for number of shares	5 %
Limit for number of votes	5 %
After the transaction
Quantity
Shares	33,758,221
Directly held voting rights	15,958,221
Indirectly held voting rights	17,800,000
Percentage
Directly held shares	2.691 %
Directly held voting rights	1.272 %
Indirectly held voting rights	1.419 %

	Percentage of voting rights:	Number of underlying shares:
Shares	2.691 %	33,758,221
Instruments - FITA Ch. 4, section 2, first paragraph, line 2	0.001 %	9,651
Instruments - FITA Ch. 4, section 2, first paragraph, line 3
- Physically settled - Cash settled	2.581 %	32,373,468
Total	5.273 %	66,141,340

Chain of controlling companies

Voting rights % Voting rights Company

17,800,000 1.419 Deutsche Bank Securities Inc.

Group total holdings

Voting rights 66,141,340 Percentage of voting rights 5.273

04/05/2017 13:49

Name Stacy Otieno Phone +4420175476268 Email [email protected]

[email protected] Tfn 08-408 980 37 Fax 08-24 39 25