2014

Frankfurt, March 27, 2014

Deutsche Bank completes sale of BHF-BANK


Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) announced today that it has closed the sale of BHF-BANK to Kleinwort Benson Group and RHJ International.

Deutsche Bank will receive total consideration subject to closing purchase price adjustments of EUR 340 million, comprised of EUR 309 million in cash and EUR 31 million in RHJ International shares issued at par value.

BHF-BANK was previously held in the Non-Core Operations Unit (NCOU).

The sale will result in a CRD4 exposure reduction of approximately EUR 6 billion and will have a net positive impact on the Bank's CRD4 pro-forma fully loaded common equity tier 1 ratio of approximately five basis points in the first quarter of 2014.

Stefan Krause, Chief Financial Officer of Deutsche Bank, said: “We are pleased to complete this transaction which is the largest asset disposal transaction to date for the NCOU. This further demonstrates the Bank's commitment to reducing non-core legacy positions and associated risk in a capital efficient manner."



This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 20 March 2014 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir




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