Deutsche Bank Proposes to Explore Auction of Distressed Loan Facilities Referenced in Portfolios of Credit Linked Notes

Deutsche Bank Aktiengesellschaft (the "Seller") wishes to give notice that it is intending to dispose of part or all of its commitments in certain distressed loan facilities in the oil and gas sector, which are referenced in portfolios of certain outstanding credit linked notes issued by the Seller.

The Seller intends to conduct the disposals by way of auction (the "Auction").

The Seller requests persons who are interested in participating in the Auction to contact the Seller as soon as possible for further details. Potential buyers will be sent the terms on which the auction will be held and will be asked to execute a non-disclosure and confidentiality agreement in order to facilitate disclosure of further information about the Facilities and the Auction process. The Seller's contact details are set out below. Potential participants should be aware that such information may include material non-public information and/or inside information and that prior to disclosure of any such information, the potential participant will be required to undertake to the Seller not to use such information for any purpose which is contrary to any applicable market abuse laws or regulations.

The Seller may at any time in its sole discretion decide not to proceed with the Auction.

Communications regarding this Auction should be made exclusively with one of the following persons:

Phil Burford phil.burford@db.com +44 20 754 78956

Oliver Moschuering oliver.moschuering@db.com +49 69 910 33028

Sanjeev Punjabi sanjeev.punjabi@db.com +1 212 250 8767

About Deutsche Bank

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific. Additional information about Deutsche Bank is available at www.db.com.

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