Media Release Frankfurt am Main, June 20, 2023

Karl von Rohr to hand over Management Board responsibilities on July 1, 2023

Deutsche Bank President Karl von Rohr will hand over his responsibilities to his successors on July 1, following thorough handover work by the Management Board members involved and very good progress in preparing for the future leadership structure.

Claudio de Sanctis will therefore take over responsibility for the Private Bank on July 1 and become a member of the Management Board. Alexander von zur Mühlen will assume responsibility for Europe, the Middle East and Africa (EMEA, excluding the UK and Ireland) and Germany in addition to his existing mandate in the Asia-Pacific region, while Chief Financial Officer James von Moltke will assume additional responsibility for Asset Management; as announced by DWS Group, there is a separate process to select von Rohr’s successor as Chairman of the DWS Supervisory Board.

The possibility of an earlier handover was already foreseen in the Supervisory Board resolution on Management Board personnel of April 26. The decision creates clear responsibilities at an early stage.

As previously announced, von Rohr will remain a member of the Management Board until his contract expires on October 31, 2023. He will provide advice to his successors and continue to support an orderly transition, especially with regard to the clients and other stakeholders he has served so far.

About Deutsche Bank

Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network.

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 17 March 2023 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from

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