Media Release November 19, 2018

Deutsche Bank announces public tender offer

Deutsche Bank (XETRA: DBKGn.DE/NYSE: DB) announces a public tender offer with a target acceptance volume of 1.0 billion euros of Euro-denominated senior non-preferred securities.

The transaction is designed to help the bank optimise its future interest payments and maturity structure by taking advantage of a strong liquidity position. As of 30 September 2018, the bank had liquidity reserves of 268 billion euros with a liquidity coverage ratio of 148%.

James von Moltke, Chief Financial Officer, said: “Using a small part of our high cash position to repurchase senior non-preferred securities reflects our aim to redeploy excess liquidity without taking undue risk. This benefits all our stakeholders.”

The tender offer encompasses two long-dated securities issued by Deutsche Bank AG:

1.125% March 2025 (ISIN: DE000DB7XJP9)
1.750% January 2028 (ISIN: DE000DL19T26)

The offer is expected to expire on Tuesday, 27 November 2018.

Information is available on Deutsche Bank’s Investor Relations website under or by contacting +44 20 7545 8011.

Requests for the Offer Documents may be directed to the Tender Agent: Lucid Issuer Services Limited (+ 44 20 7704 0880,

For further information please contact:

Deutsche Bank AG

Media Relations

Christian Streckert
Phone: +49 69 910 38079

Investor Relations

+49 800 910 8000 (Frankfurt)
+44 207 541 4100 (London)
+1 212 250 0604 (New York)

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