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Deutsche Bank Deutsche Bank Equity Plan Deutsche Bank AG Rights Issue – Questions & Answers Q1. When will my Rights be received into my custody account? A. Rights will be lodged in Participants’ accounts on 06 June 2014. Rights are available for trading with effect from 10 June 2014. Q2. How many rights will I receive? A. You will receive 1 Right for every DB share held. A formal notice confirming your allocation will be/was posted on 10 June 2014. Q3. What are my options? A. You may Sell all Rights, Partially Sell Rights and partially Exercise, or Exercise all Rights. The formal notification will outline the details of the Rights Issue and the options available to you. This information is also available on the Sharescheme website, link below; www.db-ci.com/sharescheme Q4. Where can I view the full prospectus? A. Full details of the Rights Issue announcement are available on the Deutsche Bank Investor Relations Capital Increase 2014 website: www.db.com/ir/en/content/capital_increase_2014.htm . Q5. What Instruction will I need to send? Sell Rights – DB Equity Plan RIGHTS Sale Form Exercise Rights – DB Equity Plan RIGHTS Exercise Form Partially Sell Rights and Exercise Remaining Rights – Both of the above Forms. Q6. Can I transfer my rights? A. Yes. However, we strongly advise Participants to carefully consider this option. Transferring Shares/Rights to another broker/counterparty can be a protracted process taking many days. Delays may result in missing the opportunity to sell/exercise your Rights. Q7. Can I sell some rights to raise funds and exercise the balance of Rights? A. Yes. However, please note we will scale down exercise instructions if the correct amount of funds are not available in your account. Deutsche Bank International Limited will not reconcile your instructions until after the sale window closes. Q8. What happens when I sell my rights? A. The sale proceeds will be automatically paid to the default Banking Details held on record for your account. Q9. What is the value of the rights? A. The price of the rights is the difference between the trading price of the Ordinary DB AG shares and the discounted price (€22.50) DBIL v20140604 Page 1 of 3

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Page 1: Deutsche Bank AG Rights Issue – Questions & Answers AG Rights Issue Q and A.pdf · Deutsche Bank AG Rights Issue – Questions ... Deutsche Bank AG Rights Issue – Questions &

Deutsche Bank Deutsche Bank Equity Plan

Deutsche Bank AG Rights Issue – Questions & Answers Q1. When will my Rights be received into my custody account? A. Rights will be lodged in Participants’ accounts on 06 June 2014. Rights are available for trading with

effect from 10 June 2014. Q2. How many rights will I receive? A. You will receive 1 Right for every DB share held. A formal notice confirming your allocation will be/was

posted on 10 June 2014. Q3. What are my options? A. You may Sell all Rights, Partially Sell Rights and partially Exercise, or Exercise all Rights. The formal

notification will outline the details of the Rights Issue and the options available to you. This information is also available on the Sharescheme website, link below; www.db-ci.com/sharescheme

Q4. Where can I view the full prospectus? A. Full details of the Rights Issue announcement are available on the Deutsche Bank Investor Relations

Capital Increase 2014 website: www.db.com/ir/en/content/capital_increase_2014.htm .

Q5. What Instruction will I need to send? • Sell Rights – DB Equity Plan RIGHTS Sale Form • Exercise Rights – DB Equity Plan RIGHTS Exercise Form • Partially Sell Rights and Exercise Remaining Rights – Both of the above Forms. Q6. Can I transfer my rights? A. Yes. However, we strongly advise Participants to carefully consider this option. Transferring

Shares/Rights to another broker/counterparty can be a protracted process taking many days. Delays may result in missing the opportunity to sell/exercise your Rights.

Q7. Can I sell some rights to raise funds and exercise the balance of Rights? A. Yes. However, please note we will scale down exercise instructions if the correct amount of funds are

not available in your account. Deutsche Bank International Limited will not reconcile your instructions until after the sale window closes.

Q8. What happens when I sell my rights? A. The sale proceeds will be automatically paid to the default Banking Details held on record for your

account.

Q9. What is the value of the rights? A. The price of the rights is the difference between the trading price of the Ordinary DB AG shares and the

discounted price (€22.50)

DBIL v20140604 Page 1 of 3

Page 2: Deutsche Bank AG Rights Issue – Questions & Answers AG Rights Issue Q and A.pdf · Deutsche Bank AG Rights Issue – Questions ... Deutsche Bank AG Rights Issue – Questions &

Deutsche Bank Deutsche Bank Equity Plan

Deutsche Bank AG Rights Issue – Questions & Answers

Q10. If I want to sell my rights can I specify a limit price? A. No. We are unable to accept any limit orders. Instructions received which include a limit order will be

rejected. We will attempt to contact you to advise you, though Deutsche Bank International Limited accepts no responsibility for any delays.

Q11. How do I exercise my rights? A. Please complete the requisite form located on the Sharescheme website (address as above) Q8. What is the subscription price for the purchase of new shares? A. New shares can be purchased at a price of €22.50 Q12. If I exercise how do I calculate how much money I need to send? A. Number of existing shares held at 6th June 2014 = Number of Rights (allocation ratio 1:1)

Exercise Ratio 18 rights: 5 new shares Exercise Price = €22.50 per new share Worked example: You hold 100 DB AG shares on 6th June 2014, therefore you will receive 100 DB AG Rights (allocation ratio 1:1). To calculate how many new shares you can buy, divide the number of rights by 18 and multiply by 5 (Exercise Ratio), e.g. (100/18)*5 = 27.77777778 new shares. Note: As it is not possible to acquire fractions of new shares, you must round down to the nearest whole share, e.g. 27 new shares. The total cash required to purchase the new shares is calculated by multiplying the number of new shares by the Exercise Price, e.g. 27*€22.50 = €607.50 If your Rights allocation in not a multiple of 18 (i.e. 18, 36,54,72 etc.), you will be left with a residual unexercised number of rights ('Residual Rights') which may be calculated as follows: Divide the number of new shares acquired by 5 and then multiply by 18 (27/5)*18 = 97.2 Note: As it is not possible to split individual rights, you must round the figure up to 98. Subtract the resulting, rounded, figure from the original rights allocation, e.g. 100-98 = 2 (the Residual Rights) which you may instruct us to sell (by completing the sale form, otherwise they will be sold for you in the final auction.

The above are purely examples. Should you require specific advice please contact your personal investment advisor.

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Page 3: Deutsche Bank AG Rights Issue – Questions & Answers AG Rights Issue Q and A.pdf · Deutsche Bank AG Rights Issue – Questions ... Deutsche Bank AG Rights Issue – Questions &

Deutsche Bank Deutsche Bank Equity Plan

Deutsche Bank AG Rights Issue – Questions & Answers

Q13. Where do I remit Funds to should I choose to Exercise? A. Funds should be sent to the following details:- Correspondent Bank Deutsche Bank AG, Frankfurt Swift DEUTDEFFXXX Beneficiary Bank Deutsche Bank International Limited, Jersey Swift MGCOJESHXXX IBAN DE81500700100926475500 Account General Suspense GB28MGCO60926501985051 Reference Client Surname and Sharescheme account number (this can be found on your notification letter) NB: Funds must be remitted from an account in your name. Funds received from third parties will not be accepted. Funds must be received as a Euro amount net of any charges. If a lesser amount is received your exercise instruction will be rounded down. Q8 . If I Exercise my rights and have a residual balance remaining, what will happen to this? A. You can either send us a sale form instructing us to sell the residual holding, otherwise, these will be

automatically sold at auction on 20 June 2014 Q14. Will I receive a confirmation? A. Yes. A Contract note will be sent to you via the post confirming full details of the trade. Q15. What happens to my Rights if I take no action? A. After the Rights Issue instruction window has closed, the Bank will aggregate all unsold and non-

exercised Rights and sell these at the closing auction on 20 June 2014. The cash proceeds will be paid pro-rata to Participants’ Default Banking details.

Q16. What is the deadline for responding? A. Instructions must be received by 3pm UK time 19 June 2014 Q17. What happens if my funds are received past the stated deadline? A. We will be unable to exercise your Rights unless Funds are received within the stipulated Time frames.

Any Funds received after the stated deadline will be returned to source.

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