January 10, 2012

Deutsche Bank and Postbank start negotiations on a domination and profit and loss transfer agreement

Deutsche Bank AG (XETRA: DBKGn.DE / NYSE: DB) and Deutsche Postbank AG agreed to enter into negotiations on a domination and profit and loss transfer agreement between DB Finanz-Holding GmbH (a wholly-owned subsidiary of Deutsche Bank AG) as controlling company, and Deutsche Postbank AG as dependent company.

We expect that, upon and in the event of, a successful completion of the negotiations, the domination and profit and loss transfer agreement will be proposed for approval at the Annual General Meeting of Deutsche Postbank AG on 5 June 2012.

For further information, please call:

Deutsche Bank AG 
Press & Media Relations   

Michael Lermer     
+49 69 910 31325     

Investor Relations
+49 69 910 35395 (Frankfurt)
+1 212 250 1540 (New York)

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 15 March 2011 under the heading “Risk Factors.” Copies of this document are readily available upon request or can be downloaded from www.deutsche-bank.com/ir.

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