Q2 2018 Fixed Income Investor Conference Call

Balance sheet overview (after netting) € bn, as of 30 June 2018 Assets 1,026 205 Cash and equivalents 219 Liquidity reserves Securities 207 74 Reverse repos and 70 securities borrowed (1) Loans, including 420 Retail € 265bn Transaction Banking € 61bn Derivatives (2) Brokerage receivables (3) Other assets (4) 32 42 Liabilities & equity 75% loan-to- deposit ratio 1,026 112 559 Unsecured Wholesale (excl. deposits) Trading liabilities, repos and securities lend (1) - Deposits, including Retail (incl. WM) € 320bn Transaction Banking € 203bn Unsecured Wholesale € 28bn 28 48 Derivatives (2) Brokerage payables (3) Other liabilities (4) Long-term debt 172 (incl. Trust Preferred Securities and AT1) 64 Equity Note: (1) Based on product level view across all applicable measurement categories. Net balance sheet of € 1,026bn represents the funding required after recognizing (i) legal netting agreements, (ii) cash collateral, and (iii) offsetting pending settlement balances to our IFRS balance sheet (€ 1,421bn) Includes deductions for Master Netting Agreements of € 1bn Includes derivatives qualifying for hedge accounting and deductions for Master Netting Agreements and cash collateral received/paid of € 319bn for assets and € 308bn for liabilities Includes deductions for cash collateral paid/received and pending settlements offsetting of € 75bn for assets and € 86bn for liabilities Other assets include goodwill and other intangible assets, property and equipment, tax assets and other receivables. Other liabilities include financial liabilities designated at fair value through P&L other than securities sold under repurchase agreements / securities loaned, accrued expenses, investment contract liabilities and other payables Deutsche Bank Investor Relations Q2 2018 Fixed Income Investor Call 27 July 2018 23 23

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