Deutsche Bank AG

Capital/Financing Update • Dec 11, 2020

National Storage Mechanism | Additional information

RNS Number : 3024I

Deutsche Bank AG London

10 December 2020

10th Dec 2020

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful

VZ Vendor Financing Notes II B.V.

Post-Stabilisation Notice

Pursuant to Article 6(3) of Commission Delegated Regulation (EU) 2016/1052 supplementing Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation, Deutsche Bank AG, London Branch (contact: Diarmuid Toomey, telephone +44 (0)207 5454726) hereby gives notice that stabilisation was undertaken by the Stabilising Manager named below in relation to the offer of the following securities.

The Securities:

Issuer:	VZ Vendor Financing II B.V.
Guarantor (if any):	VodafoneZiggo, VZ Financing II B.V.
Aggregate nominal amount:	€ 700 million
Description:	€ 700 m, Vendor Financing Notes,  2.875% due Jan 2029 (RegS ISIN: XS2272845798, 144A ISIN: XS2272847141)
Issue/reoffer Price:	100.0
Spread over benchmark:	352bps
Trading venue on which stabilisation occurred:	Irish Stock Exchange

Stabilisation:

Stabilising Manager(s):         Deutsche Bank AG, London Branch

Stabilisation started:             8th December 2020

Stabilisation last occurred:    8th December 2020

For each of the dates during which stabilisation transactions were carried out, the price range was as follows:

VodafonZiggo 2.875% VFNs due 2029

Date:	Lowest Price (EUR):	Highest Price (EUR):
8/12/2020	99.925	99.925

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not an offer of securities for sale into the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There has not been and will not be a public offer of the securities in the United States.

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