February 10, 2020

Deutsche Bank to issue Additional Tier 1 capital

Frankfurt am Main, 10 February 2020 - Deutsche Bank AG (XETRA: DBKGn.DE / NYSE: DB) announces its intention to issue securities that qualify as Additional Tier 1 (AT1) capital. The issuance is expected to be of benchmark size with a minimum of USD 1 billion. This was decided by the Management Board with the approval of the Chairman’s Committee of the Supervisory Board.

The transaction represents a further step in managing Deutsche Bank’s regulatory capital requirements by preserving a level of AT1 instruments of 1.5% or more of risk-weighted assets on a fully-loaded basis. In addition, it supports progress towards the 4.5% fully loaded leverage ratio target for 2020.

The securities will be subject to a write-down provision if Deutsche Bank’s Common Equity Tier 1 capital ratio falls below 5.125% and be subject to other loss-absorption features pursuant to the applicable capital rules. The decision to issue these securities is based on the authorization granted by the Annual General Meeting in 2018. The denominations of the securities will be USD 200,000. Deutsche Bank Securities Inc. will act as sole bookrunner for the placement.

The securities are registered in the United States.


Contact:

Media Relations

Christian Streckert
Phone: +49 69 910 38079
Email: christian.streckert@db.com

Investor Relations

Phone: +49 800 910-8000
Email: db.ir@db.com
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Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt am Main
Germany
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.