Ad-hoc Release April 24, 2015

Deutsche Bank announces next phase of strategy

The Management Board of Deutsche Bank (XETRA: DBKGn.DE/NYSE: DB) today decided upon the next phase of the Bank's strategy. This reaffirms the Bank’s commitment to remain a leading global bank based in Germany. The Bank will reduce leverage in Corporate Banking & Securities (CB&S); deconsolidate Postbank; invest in its transaction banking, asset and wealth management, and retail businesses; and continue to redesign its operating and governance models to achieve greater efficiency and a more robust control environment. Furthermore, it will increase its investments in digital banking and rationalize its geographic footprint.

The Supervisory Board today decided unanimously to support the proposal submitted by the Management Board.
Details of the strategy will be announced on Monday, April 27, on an analyst call at 8:00 a.m. CET and at a press conference in Frankfurt at 10:30 a.m. CET.

The Bank will also disclose its first quarter results on Sunday afternoon, April 26, at approximately 15:00 CET. Management will discuss these on Monday’s analyst call.

Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt am Main
ISIN: DE0005140008
WKN: 514000

Listed: Regulated market in Berlin-Bremen, Duesseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich und Stuttgart; EUREX; NYSE

The International Securities Identification Numbers (ISINs) of further financial instruments issued by Deutsche Bank AG, and admitted to trading on a domestic organized market or for which such admission has been applied for, are listed in the attached PDFs.

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