Deutsche Bank : statement regarding the Federal Reserve’s 2016 CCAR results

Deutsche Bank Trust Corporation (DBTC), which consists of the US transaction bank and wealth management business of Deutsche Bank, today responded to the announcement by the Board of Governors of the Federal Reserve System (the Federal Reserve) of the 2016 results of the Comprehensive Capital Analysis and Review (CCAR). The Federal Reserve previously announced that it did not object to the DBTC Capital Plan on a quantitative basis; it did object to the Capital Plan for qualitative reasons.

"The capital adequacy of Deutsche Bank Trust Corporation has never been in doubt," commented Bill Woodley, CEO of DB USA Corporation and Deputy CEO of Deutsche Bank Americas. "We appreciate the Federal Reserve's recognition of our progress, and we will implement the lessons learned this year in order to strengthen our capital planning process for future CCAR submissions."

The public disclosure of the Federal Reserve's CCAR results for DBTC and all other participating companies is available on the Federal Reserve website.

Deutsche Bank will launch its US intermediate holding company, DB USA Corporation (DB USA), on July 1, 2016. DBTC will be included in DB USA as of that date. 2018 will be the first year that DB USA participates publicly in CCAR.

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.

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 11 March 2016 under the heading "Risk Factors". Copies of this document are readily available upon request or can be downloaded fromwww.db.com/ir.