Q2 2018 Fixed Income Investor Conference Call

Liquidity Liquidity Coverage Ratio (1) (LCR) 128% 119% 147% 147% 144% 140% Q4 2015 Q4 2016 Q2 2017 Q4 2017 Q1 2018 Q2 2018 Liquidity Reserves, € bn | Cash and cash equivalents(2) Highly liquid and other securities (3) 285 280 279 279 215 219 46% 80% 79% 80% 73% 82% 54% 18% 20% 21% 20% 27% ☑ € 77bn above 100% require- ment ― Liquidity Coverage Ratio and Liquidity Reserves remained flat over the quarter at 147% and € 279bn The cash portion of Liquidity Reserves reduced to 73%, driven by a combination of active management to reduce excess cash in order to optimize funding costs and an increase in securities from the full recognition of Postbank securities after the integration Potential to reduce liquidity buffer during the remainder of the year Q4 2015 Q4 2016 Q2 2017 Q4 2017 Q1 2018 Q2 2018 LCR based upon EBA Delegated Act Held primarily at Central Banks Includes government, government guaranteed, and agency securities as well as other central bank eligible securities Deutsche Bank Investor Relations Q2 2018 Fixed Income Investor Call 27 July 2018 14

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