Post Stab Notice - DB EUR 150M Tap of DE000DB7XHM0

17^th June 2016

Deutsche Bank AG Frankfurt

Post-Stabilisation Notice

Deutsche Bank AG, London Branch (contact: Global Risk Syndicate on 0207-545- 4361) hereby gives notice that [no stabilisation was undertaken by the Stabilising Manager(s) named below in relation to the offering of the following securities.

The Securities:

Issuer:                                                             Deutsche Bank AG Frankfurt

Guarantor (if any):                                          

Aggregate nominal amount:                            EUR 150,000,000

Description:                                                     DB, TAP, EUR 150M, FRN, due 15^th April 2019

DE000DL19SX0 (to funge in to above after 40 days ISIN DE000DB7XHM0)

Issue/Reoffer Price:                                        3mE+98bp

Spread over benchmark:                                3mE+98bp

Stabilising Manager(s):                                   Deutsche Bank AG, London Branch (Stabilisation Coordinator)

Stabilisation started:                                       13^th May 2016

Stabilisation last occurred:                             None

Although stabilisation offers were made, no stabilisation transactions were carried out.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not an offer of securities for sale into the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There has not been and will not be a public offer of the securities in the United States.