Deutsche Bank Proposes Amending and/or Replacing CRAFT 2012-1R Notes and Proposes to Terminate CRAFT 2012-1R Mezzanine Notes

Deutsche Bank Proposes Amending and/or Replacing CRAFT 2012-1R Notes and Proposes to Terminate CRAFT 2012-1R Mezzanine Notes

Deutsche Bank Aktiengesellschaft (the "Issuer") wishes to give notice that it is proposing making certain amendments to the terms and conditions of the outstanding U.S.$105,600,000 Floating Rate Notes Due 2022 Credit Linked to the "CRAFT 2012-1R" Replenishable Loan Portfolio, with the following CUSIP and ISIN numbers:

(the "CRAFT 2012-1R Notes").

Specifically, the Issuer is proposing to extend the Scheduled Maturity Date from December 22, 2020 to January 22, 2023 and Legal Maturity Date from December 22, 2022 to January 22, 2025. In order to achieve this maturity extension, the Issuer is offering for the 25 month extension portion the Spread Percentage of 7.9% per annum. In the near future, the Issuer will be approaching noteholders with a view to concluding matters. The Issuer may at any time at the Issuer’s sole and absolute discretion decide not to propose such amendment or replacement of the CRAFT 2012-1R Notes.

For the avoidance of doubt, this notice does not constitute a notice specifying an Early Redemption Date in respect of the CRAFT 2012-1R Notes.

Deutsche Bank Aktiengesellschaft (the "Issuer") also wishes to give notice that it is proposing the termination of the outstanding U.S.$26,400,000 Floating Rate Mezzanine Notes Due 2022 Credit Linked to the "CRAFT 2012-1R" Replenishable Loan Portfolio, with the following CUSIP and ISIN numbers:

(the "CRAFT 2012-1R Mezzanine Notes").

In the near future, the Issuer will be approaching noteholders with a view to concluding matters. The Issuer may at any time at the Issuer’s sole and absolute discretion decide not to propose such termination of the CRAFT 2012-1R Mezzanine Notes.

For the avoidance of doubt, this notice does not constitute a notice specifying an Early Redemption Date in respect of the CRAFT 2012-1R Mezzanine Notes.

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.

Deutsche Bank:
Investor Relations
+49 69 910 35395 (Frankfurt)
+44 20 754 50279 (London)
db.ir@db.com
or
Media Relations
Kerrie McHugh, 212-250-6853

View source version on businesswire.com: http://www.businesswire.com/news/home/20170602005839/en/