NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES

NYSE Arca, Inc. ('NYSE Arca' or the 'Exchange') hereby notifies the Securities and Exchange Commission (the 'SEC') of its intention to remove the entire class of DB Commodity Double Short Exchange Traded Notes due April 1, 2038 (the 'Notes') of Deutsche Bank AG (the 'Company') from listing and registration on the Exchange on September 4, 2018 pursuant to the provisions of Rule 12d2-2(b) because, in the opinion of the Exchange, the Notes are no longer suitable for continued listing and trading on the Exchange.

The Exchange is taking this action because the Notes are below the minimum market value required for continued listing in NYSE Arca Rule 5.2-E(j)(6)(B)(II).

The Exchange, on August 13, 2018, determined that the Notes should be suspended from trading and directed the preparation and filing with the SEC of this application for the removal of the Notes from listing and registration on the Exchange. The Company was notified by phone and letter on August 13, 2018.

Pursuant to the above authorization, a press release regarding the proposed delisting was issued and posted on the Exchange's website on August 13, 2018.  Trading in the Notes was suspended after the market close on August 13, 2018.

The Company had a right to appeal to a Committee of the Board of Directors of the Exchange, the determination to delist the Notes, provided that it filed a written request for such a review with the Secretary of the Exchange within five business days of receiving notice of the delisting determination. The Company did not file such request within the specified time period. Consequently, all conditions precedent under SEC Rule 12d2-2(b) to the filing of this application have been satisfied.