EFTA Document EFTA01377165

ECB stress test validates DB's progress and strength DB improved CET1 ratio, fully II Net stress CET1 ratio Starting stress test CET1 ratio: results loaded delta under the adverse 9.2% versus scenario 2014 stress 11.1% test DB's stressed CET1 ratio in-line with peers 2018 adverse scenario CETI ratio, fully loaded 8.8% I I 8.5% 11-32)bP!1) 8.2% Cp15)bpi) 8.1% 7.8% Ii 7.5% 7.0% 7.8% 7.4% 7.3% 7.1% 2014 Stress Test 2016 Stress Test Deutsche Bank's result -80bps above regulatory requirements()) Deutsche Bank's CET1 ratios improved in the 2016 test by 80bps to 7.8% versus the 2014 exam despite harsher market risk assumptions and the first time inclusion of operational risk losses (OpRisk stress loss assumption of 220bps) Test based on 2015 financials giving no benefit for the Bank's restructuring efforts in 2016/2017 (1) Although the stress test is not a pass r fail exercise. ECB is expected to benchmark results in the adverse scenario against a December 2018 CETI ratio threshold o 17%, including a phase-in buffer for systemic instRubons of 1.5% Deutsche Bank Investor Relations 6 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0073754 CONFIDENTIAL SDNY_GM_00219938 EFTA01377165