EFTA01377129.pdf

ECB stress test validates DB's progress and strength DB improved results versus 2014 stress test DB's stressed CET1 ratio in-line with peers CET1 ratio, fully loaded 2018 adverse scenario CETI ratio, fully loaded II Net stress delta CET1 ratio under the adverse scenario 8.8% 11.1% Starting stress II 8.5% test CET1 ratio: 9.2% 11-32)bP!1) 8.2% Cp15)bpi) 8.1% 7.8% 7.8% Ii 7.5% 7.0% 7.4% 7.3% 7.1% 2014 Stress Test 2016 Stress Test Deutsche Bank's result -80bps above regulatory requirements()) Deutsche Bank's CET1 ratios improved in the 2016 test by 80bps to 7.8% versus the 2014 exam despite harsher market risk assumptions and the first time inclusion of operational risk losses (OpRisk stress loss assumption of 220bps) Test based on 2015 financials giving no benefit for the Bank's restructuring efforts in 2016/2017 (1) Although the stress test is not a pass r fail exercise. ECB is expected to benchmark results in the adverse scenario against a December 2018 CETI ratio threshold o 17%. including a phase-in buffer for systemic instRuhons of 1.5% Deutsche Bank 6 Investor Relations CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0073700 CONFIDENTIAL SDNY_GM_00219884 EFTA01377129