Investor Presentaiton

Commercial Real Estate (CRE) 1/2 CRE non-recourse portfolio: € 40bn Non-recourse € 40bn - 8% of total loans¹ € 32bn in scope of severe stress test By region APAC 8% > > € 7bn deemed as lower risk, includes data centers and municipal social housing > € 32bn in scope of dedicated severe stress test CRE stress-tested loans € 32bn - 7% of total loans, weighted average LTV -62% Of total loans EU 38% € 32bn 54% US > IB € 22bn-weighted average LTV-64% > 61% US, focused on gateway cities; 28% in Europe, 12% APAC > CB € 6bn-weighted average LTV 54% > 94% Europe, 6% US > Other € 4bn - weighted average LTV 63% > Q3 2023 € 485bn US Office: <2% Other CRE: 5% By sector assets > Geographically diverse, well located institutional quality Strong institutional sponsors with significant cash equity invested Stress testing to identify loans with elevated refinancing risk; pro-active engagement with borrowers to achieve balanced loan extensions Highly selective new business focused on more resilient asset classes (e.g. industrial/logistics) Notes: for footnotes refer to slides 44 and 45 Deutsche Bank Investor Relations Q3 2023 results October 25, 2023 > EU By region 22% APAC 1% € 227m 77% US 9M 2023 CRE CLPS: € 227m (of which US CRE € 175m) By sector Other Retail Other Residential 7% Q3 2023 25% Hospitality 11% 1% 4% 43% Retail € 32bn Office €227m 9% 77% 13% 10% Office Residential Hospitality Q3 2023 9M 2023 35

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