Q2 2018 Fixed Income Investor Conference Call

Current Ratings part of loss-absorbing capacity senior to loss-absorbing capacity Counterparty obligations (e.g. Deposits / Structured Notes / Derivatives/Swaps) Senior unse- cured Long- term MOODY'S INVESTORS SERVICE S&P Global Ratings A3 Fitch Ratings DBRS BBB+(1) A- A(high) Preferred (2) A3 BBB+ A- Non-preferred Baa2 BBB- BBB+ A (low) Tier 2 Ba2 BB+ BBB Legacy T1 B1 B+ BB AT1 B1 B+ BB- Short-term P-2 A-2 F2 R-1(low) Outlook Negative Stable Negative Negative Note: (1) (2) Ratings as of 25 July 2018 The Issuer Credit Rating (ICR) is S&P's view on an obligor's overall creditworthiness. It does not apply to any specific financial obligation, as it does not take into account the nature of and provisions of the obligation, its standing in bankruptcy or liquidation, statutory preferences, or the legality and enforceability of the obligation Defined as senior-senior unsecured bank rating at Moody's, senior unsecured at S&P and preferred senior debt at Fitch Deutsche Bank Investor Relations Q2 2018 Fixed Income Investor Call 27 July 2018 21

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