Order Execution Policy

This page sets out Deutsche Bank AG’s CIB umbrella Order Execution Policy and related product annexures. This has been updated to account for the implementation of the second Markets in Financial Instruments Directive (Directive 2014/65/EU, “MIFID II”).

1. Umbrella Order Execution Policy;

2. Cash Equities Annex – Order Execution Policy;

3. Listed Derivatives Annex – Order Execution Policy;

4. OTC Equity Derivatives Annex – Order Execution Policy;

5. Foreign Exchange Annex – Order Execution Policy;

6. Global Prime Finance Annex – Order Execution Policy;

7. Rates, Credit and Emerging Markets Annex – Order Execution Policy; and

8. Retail Client Annex – Order Execution Policy.

The contents of this page may be updated, amended or supplemented from time to time. If you have any questions in relation to the documents set out on this page please contact: MiFID2.outreach@www.db.com