EFTA01373769

For Key Client Partners or US Institutional Investors. Not for Retail Distribution Deutsche Bank Municipal Capital Markets Group Four Client Businesses Issuer Financing Direct financing to municipal and non-profit clients on a tax-exempt basis across a variety of products Tax-Exempt and Affordable Housing Wide variety of financing solutions within the tax- exempt and affordable housing market Direct Lending: - Synthetic floating rate via TRS - Fixed rate: trading book, buy/hold - Originate for investor partners • Package w/ financing Relationships: - Borrowers, financial advisors, developers, brokers. etc. Deutsche Bank Investor Financing Financing and leverage for investors in tax-exempt assets across a variety of products Cash and Derivatives Trading Cash Trading in tax-exempt and taxable bonds; client derivatives and structured notes Financing Municipal Bonds: - Multi-billion USD financing book • Total Return Swaps • Structured Financing • Tender Option Bond • Custom, bespoke solutions Relationships: - Asset managers, hedge funds, family offices, alternative investors, etc I 5 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00214309 DB-SDNY-0068125 EFTA01373769