Q2 2018 Fixed Income Investor Conference Call

Progress towards near-term targets Post-tax return on tangible equity Adjusted costs (€ bn) 23.9 >4.0% Q4 6.4 1.8% Q3 5.5 (1.4)% 2017 H1 2018 Target 2019 Q2 5.6 5.6 Q1 6.3 6.3 23 Employees (in 000's) (1) 22 22 97.5 95.4 <93.0 ☑ <90.0 2017 2018 Target Target 2018 2019 31 Dec 2017 30 Jun 2018 Target Target 2018 2019 Internal full-time equivalents (1) Deutsche Bank Investor Relations Q2 2018 Fixed Income Investor Call 27 July 2018 сл 5

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