Investor Deep Dive Corporate Bank

Cost reduction driven mainly by infrastructure In € bn Adjusted costs(1) Driver Measures ex transformation charges (3)% CAGR 4.0 3.8 3.7 2018 2019(2) 2022 Outlook ลล (1) (2) (3) Direct business driven measures Measures along the infrastructure and internal service value chain Impact(3) Headcount efficiencies — Various initiatives on non compensation cost optimization up to € 0.1bn — Elimination of duplicate tasks Alignment of location strategy Internalization of external staff - Process efficiencies and centralisation of tasks up to € 0.3bn Decommissioning of legacy applications - Lower internal service cost from other divisions The refinements in allocation between Corporate Bank and Private Bank increase Corporate Bank adjusted costs by € 148m in 2018 and by € 112m in 9M 2019 Cost increase vs. 2018 partly due to methodology changes in internal service cost allocations following the implementation of the new divisional structure and higher investments in technology and controls Planned total financial impact by 2022 Stefan Hoops Investor Deep Dive, 10 December 2019 11 14

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