Deutsche Bank Financial Data Supplement Q4 2017 2 February 2018 Exhibit 99.4

Due to rounding, numbers presented throughout this document may not sum precisely to the totals we provide and percentages may not precisely reflect the absolute figures. All segment figures reflect segment composition as of 31 December 2017. The figures in this document are preliminary and unaudited. Our Annual Report 2017 and SEC Form 20-F are scheduled to be published on 16 March 2018. Q4 2017 Financial Data Supplement Deutsche Bank consolidated Financial summary Consolidated Statement of Income Net revenues 2 3 4 Segment detail Corporate & Investment Bank Private & Commercial Bank Deutsche Asset Management Non-Core Operations Unit Consolidation & Adjustments 5 6 7 8 9 Risk and capital Credit risk Regulatory capital 10 11 Leverage ratio measures 12 Non-GAAP financial measures 13 Definition of certain financial measures 17 Footnotes 20 1 Deutsche Bank Q4 2017 Financial Data Supplement

F Y 201 5 Q 1 201 6 Q 2 201 6 Q 3 201 6 Q 4 201 6 F Y 201 6 Q 1 201 7 Q 2 201 7 Q 3 201 7 Q 4 201 7 Q 4 201 7 v s . F Y 201 7 Q 4 201 6 Q 4 201 7 v s . F Y 201 7 v s . Q 3 201 7 F Y 201 6 K e y f i nan c i a l i n f o r m a t i o n 3 . 5 % 3 . 4 % 3 . 4 % 3 . 5 % 3 . 5 % 3 . 5 % 3 . 4 % 3 . 2 % 3 . 8 % 3 . 8 % 3 . 8 % 0 . 3 pp t 0 . 0 pp t 0 . 3 pp t 4 . 1 % 4 . 1 % 3 . 9 % 3 . 7 % 4 . 2 % 4 . 1 % 4 . 1 % 0 . 0 pp t ( 0 . 1 ) pp t 0 . 0 pp t . 1 , 39 5 1 , 39 0 1 , 41 5 1 , 35 4 1 , 34 8 1 , 34 8 1 , 36 9 1 , 44 2 1 , 42 0 1 , 39 5 1 , 39 5 4 % ( 2 ) % 4 % 11 . 1 % 10 . 7 % 10 . 8 % 11 . 1 % 11 . 8 % 11 . 8 % 11 . 8 % 11 . 8 % 13 . 8 % 14 . 0 % 14 . 0 % 2 . 2 pp t 0 . 2 pp t 2 . 2 pp t 13 . 2 % 12 . 0 % 12 . 2 % 12 . 6 % 13 . 4 % 13 . 4 % 12 . 6 % 12 . 6 % 14 . 6 % 14 . 8 % 14 . 8 % 1 . 4 pp t 0 . 2 pp t 1 . 4 pp t R i sk - w e i gh t e d a ss e t s , i n € bn . 3 , 4 397 401 402 385 358 358 358 355 355 344 34 4 ( 4 ) % ( 3 ) % ( 4 ) % 26 , 45 1 6 , 66 8 6 , 03 2 5 , 85 2 6 , 18 1 24 , 73 4 6 , 33 6 5 , 64 1 5 , 51 3 6 , 34 0 23 , 82 9 3 % 1 5 % ( 4 ) % ( 9 . 8 ) % 1 . 4 % 0 . 1 % 1 . 6 % ( 12 . 3 ) % ( 2 . 3 ) % 3 . 8 % 2 . 7 % 3 . 9 % ( 13 . 4 ) % ( 0 . 8 ) % ( 1 . 1 ) pp t ( 17 . 3 ) pp t 1 . 5 pp t ( 12 . 3 ) % 1 . 6 % 0 . 1 % 2 . 0 % ( 14 . 6 ) % ( 2 . 7 ) % 4 . 5 % 3 . 2 % 4 . 5 % ( 15 . 5 ) % ( 0 . 9 ) % ( 0 . 9 ) pp t ( 20 . 0 ) pp t 1 . 8 pp t 115 . 3 % 89 . 0 % 91 . 0 % 87 . 4 % 127 . 2 % 98 . 1 % 86 . 2 % 86 . 4 % 83 . 5 % 121 . 3 % 93 . 1 % ( 5 . 9 ) pp t 37 . 8 pp t ( 5 . 0 ) pp t C o m pen s a t i o n r a t i o 2 39 . 7 % 39 . 6 % 40 . 1 % 38 . 6 % 40 . 0 % 39 . 6 % 42 . 8 % 44 . 1 % 41 . 4 % 58 . 1 % 46 . 1 % 18 . 1 pp t 16 . 7 pp t 6 . 5 pp t 75 . 7 % 49 . 5 % 50 . 9 % 48 . 8 % 87 . 2 % 58 . 5 % 43 . 4 % 42 . 2 % 42 . 1 % 63 . 2 % 47 . 0 % ( 24 . 1 ) pp t 21 . 1 pp t ( 11 . 5 ) pp t 33 , 52 5 8 , 06 8 7 , 38 6 7 , 49 3 7 , 06 8 30 , 01 4 7 , 34 6 6 , 61 6 6 , 77 6 5 , 71 0 26 , 44 7 ( 19 ) % ( 16 ) % ( 12 ) % P r o v i s i o n f o r c r ed i t l o ss e s , i n € m . 956 304 259 327 492 1 , 38 3 133 79 184 129 52 5 ( 74 ) % ( 30 ) % ( 62 ) % 38 , 66 7 7 , 18 4 6 , 71 8 6 , 54 7 8 , 99 2 29 , 44 2 6 , 33 4 5 , 71 5 5 , 66 0 6 , 92 5 24 , 63 3 ( 23 ) % 2 2 % ( 16 ) % ( 6 , 097 ) 579 408 619 ( 2 , 416 ) ( 810 ) 878 822 933 ( 1 , 345 ) 1 , 28 9 ( 44 ) % N / M N / M ( 6 , 772 ) 236 20 278 ( 1 , 891 ) ( 1 , 356 ) 575 466 649 ( 2 , 186 ) ( 497 ) 1 6 % N / M ( 63 ) % 1 , 62 9 1 , 74 1 1 , 80 3 1 , 68 9 1 , 59 1 1 , 59 1 1 , 56 5 1 , 56 9 1 , 52 1 1 , 47 5 1 , 47 5 ( 7 ) % ( 3 ) % ( 7 ) % S ha r eho l de r s ' equ i t y , i n € bn . 3 63 62 62 62 60 60 60 66 66 63 6 3 6 % ( 3 ) % 6 % € ( 4 . 52 ) € 0 . 1 4 € ( 0 . 17 ) € 0 . 1 6 € ( 1 . 21 ) € ( 1 . 08 ) € 0 . 3 6 € 0 . 0 8 € 0 . 3 1 € ( 1 . 04 ) € ( 0 . 41 ) ( 14 ) % N / M ( 62 ) % € ( 4 . 52 ) € 0 . 1 4 € ( 0 . 17 ) € 0 . 1 6 € ( 1 . 21 ) € ( 1 . 08 ) € 0 . 3 4 € 0 . 0 7 € 0 . 3 0 € ( 1 . 04 ) € ( 0 . 41 ) ( 14 ) % N / M ( 62 ) % € 40 . 3 1 € 39 . 6 6 € 39 . 7 5 € 39 . 6 4 € 38 . 1 4 € 38 . 1 4 € 37 . 6 9 € 31 . 4 3 € 31 . 3 7 € 30 . 2 7 € 30 . 2 7 ( 21 ) % ( 4 ) % ( 21 ) % € 33 . 8 3 € 33 . 2 8 € 33 . 3 8 € 33 . 5 0 € 32 . 4 2 € 32 . 4 2 € 32 . 0 0 € 27 . 2 4 € 27 . 1 8 € 26 . 0 5 € 26 . 0 5 ( 20 ) % ( 4 ) % ( 20 ) % O t he r I n f o r m a t i o n B r an c he s 3 t he r eo f : i n G e r m an y 2 , 79 0 2 , 74 1 2 , 72 1 2 , 71 2 2 , 65 6 2 , 65 6 2 , 55 2 2 , 45 9 2 , 43 4 2 , 42 5 2 , 42 5 ( 9 ) % ( 0 ) % ( 9 ) % 1 , 82 7 1 , 82 4 1 , 80 8 1 , 80 7 1 , 77 6 1 , 77 6 1 , 68 3 1 , 58 9 1 , 57 8 1 , 57 0 1 , 57 0 ( 12 ) % ( 1 ) % ( 12 ) % E m p l o y ee s ( f u ll - t im e equ i v a l en t ) 3 t he r eo f : i n G e r m an y 101 , 10 4 45 , 75 7 101 , 44 5 46 , 03 6 101 , 30 7 45 , 74 4 101 , 11 5 45 , 45 7 99 , 74 4 44 , 60 0 99 , 74 4 44 , 60 0 98 , 17 7 44 , 13 2 96 , 65 2 43 , 50 9 96 , 81 7 42 , 87 9 97 , 53 5 97 , 53 5 ( 2 ) % ( 5 ) % 1 % ( 2 ) % ( 1 ) % ( 5 ) % 42 , 52 6 42 , 52 6 S ha r e p r i c e a t pe r i o d en d 9 € 20 . 1 0 € 13 . 3 4 € 11 . 0 0 € 10 . 3 3 € 15 . 4 0 € 15 . 4 0 € 16 . 1 5 € 15 . 5 3 € 14 . 6 3 € 15 . 8 8 € 15 . 8 8 3 % 9 % 3 % S ha r e p r i c e h i g h 9 € 29 . 8 3 € 19 . 7 2 € 15 . 6 5 € 12 . 3 5 € 16 . 6 3 € 19 . 7 2 € 17 . 8 2 € 17 . 6 9 € 16 . 9 1 € 17 . 1 3 € 17 . 8 2 3 % 1 % ( 10 ) % S ha r e p r i c e l ow 9 € 18 . 4 6 € 11 . 6 3 € 10 . 7 5 € 8 . 8 3 € 10 . 2 2 € 8 . 8 3 € 15 . 1 2 € 14 . 7 0 € 13 . 1 1 € 13 . 8 3 € 13 . 1 1 3 5 % 5 % 4 8 % For footnotes please refer to page 20. 2 Deutsche Bank Q4 2017 Financial Data Supplement Financial summary CRR/CRD 4 Leverage Ratio in % (fully loaded)1,2 CRR/CRD 4 Leverage Ratio in % (phase-in)2 Fully loaded CRR/CRD 4 leverage exposure, in € bn1 Common Equity Tier 1 capital ratio (fully loaded)2,3,4 Common Equity Tier 1 capital ratio (phase-in)2,3 Adjusted Costs, in € m5 Post-tax return on average shareholders’ equity2 Post-tax return on average tangible shareholders' equity2,6 Cost/income ratio2 Noncompensation ratio2 Total net revenues, in € m. Total noninterest expenses, in € m. Income (loss) before income taxes, in € m. Net income (loss), in € m. Total assets, in € bn.3 Basic earnings per share7,8 Diluted earnings per share2,7,8 Book value per basic share outstanding2 Tangible book value per basic share outstanding2

For footnotes please refer to page 20. 3 Deutsche Bank Q4 2017 Financial Data Supplement Consolidated Statement of Income ( I n € m . ) F Y 201 5 Q 1 201 6 Q 2 201 6 Q 3 201 6 Q 4 201 6 F Y 201 6 Q 1 201 7 Q 2 201 7 Q 3 201 7 Q 4 201 7 F Y 201 7 Q 4 201 7 v s . Q 4 201 6 Q 4 201 7 v s . Q 3 201 7 F Y 201 7 v s . F Y 201 6 N e t i n t e r e s t i n c o m e 15 , 88 1 3 , 92 4 3 , 69 3 3 , 52 5 3 , 56 5 14 , 70 7 3 , 06 7 3 , 10 8 3 , 38 7 2 , 90 7 12 , 46 9 ( 18 ) % ( 14 ) % ( 15 ) % P r o v i s i o n f o r c r ed it l o ss e s 956 304 259 327 492 1 , 38 3 133 79 184 129 525 ( 74 ) % ( 30 ) % ( 62 ) % N e t i n t e r e s t i n c o m e a f t e r p r o v i s i o n f o r c r ed it l o ss e s 14 , 92 5 3 , 62 0 3 , 43 3 3 , 19 8 3 , 07 3 13 , 32 4 2 , 93 3 3 , 02 9 3 , 20 3 2 , 77 8 11 , 94 3 ( 10 ) % ( 13 ) % ( 10 ) % C o mm i ss i on s an d f e e i n c o m e 12 , 76 5 2 , 87 7 2 , 92 1 3 , 02 7 2 , 92 0 11 , 74 4 2 , 93 5 2 , 83 9 2 , 58 2 2 , 64 6 11 , 00 2 ( 9 ) % 2 % ( 6 ) % N e t ga i n s ( l o ss e s ) o n f i nan c i a l a ss e t s / li ab ili t i e s a t f a ir v a l u e t h r oug h p r o f it o r l o s s 3 , 84 2 1 , 29 7 424 390 ( 710 ) 1 , 40 1 1 , 10 9 845 659 314 2 , 92 6 N / M ( 52 ) % 10 9 % N e t ga i n s ( l o ss e s ) o n f i nan c i a l a ss e t s a v a il ab le f o r s a le 203 121 244 111 178 653 119 78 59 223 479 2 5 % N / M ( 27 ) % N e t i n c o m e ( l o ss ) f r o m equ i t y m e t ho d i n v e s t m en t s 164 106 246 75 28 455 20 84 21 12 137 ( 56 ) % ( 42 ) % ( 70 ) % O t he r i n c o m e ( l o ss ) 669 ( 257 ) ( 142 ) 366 1 , 08 7 1 , 05 3 97 ( 338 ) 68 ( 393 ) ( 566 ) N / M N / M N / M T o t a l non i n t e r e s t i n c o m e 17 , 64 4 4 , 14 4 3 , 69 3 3 , 96 8 3 , 50 3 15 , 30 7 4 , 27 9 3 , 50 8 3 , 38 9 2 , 80 2 13 , 97 9 ( 20 ) % ( 17 ) % ( 9 ) % C o m pen s a t i o n an d bene f i t s 13 , 29 3 3 , 19 4 2 , 95 9 2 , 89 4 2 , 82 7 11 , 87 4 3 , 14 7 2 , 92 1 2 , 80 6 3 , 31 8 12 , 19 2 1 7 % 1 8 % 3 % G ene r a l an d ad m i n i s t r a t i v e e x pen s e s 18 , 63 2 3 , 73 6 3 , 22 1 3 , 49 0 5 , 00 7 15 , 45 4 3 , 20 1 2 , 72 4 2 , 86 5 3 , 18 4 11 , 97 3 ( 36 ) % 1 1 % ( 23 ) % P o li cy ho l de r bene f i t s an d c l a i m s 256 44 74 167 88 374 0 ( 0 ) 0 0 0 N / M N / M N / M I m pa i r m en t o f good w ill an d o t he r i n t ang i b le a ss e t s 5 , 77 6 0 285 ( 49 ) 1 , 02 1 1 , 25 6 0 6 ( 0 ) 15 21 ( 99 ) % N / M ( 98 ) % R e s t r u c t u r i n g a c t i v i t i e s 710 211 179 45 49 484 ( 14 ) 64 ( 12 ) 408 447 N / M N / M ( 8 ) % T o t a l non i n t e r e s t e x pen s e s 38 , 66 7 7 , 18 4 6 , 71 8 6 , 54 7 8 , 99 2 29 , 44 2 6 , 33 4 5 , 71 5 5 , 66 0 6 , 92 5 24 , 63 3 ( 23 ) % 2 2 % ( 16 ) % I n c o m e ( l o ss ) be f o r e i n c o m e t a x e s ( 6 , 097 ) 579 408 619 ( 2 , 416 ) ( 810 ) 878 822 933 ( 1 , 345 ) 1 , 28 9 ( 44 ) % N / M N / M I n c o m e t a x e x pen s e ( bene f i t ) 675 343 388 340 ( 525 ) 546 303 357 284 842 1 , 78 6 N / M 19 6 % N / M N e t i n c o m e ( l o ss ) ( 6 , ) 236 20 278 ( 1 , 891 ) ( 1 , 356 ) 575 466 649 ( 2 , 186 ) ( 497 ) 1 6 % N / M ( 63 ) % N e t i n c o m e a tt r i bu t ab le t o non c on t r o lli n g i n t e r e s t s 21 23 2 22 ( 1 ) 45 4 19 2 ( 10 ) 15 N / M N / M ( 66 ) % N e t i n c o m e a tt r i bu t ab le t o D eu t sc h e B an k s ha r eho l de r s an d add i t i ona l equ i t y c o m ponen t s ( 6 , 794 ) 214 18 256 ( 1 , 890 ) ( 1 , 402 ) 571 447 647 ( 2 , 176 ) ( 512 ) 1 5 % N / M ( 63 ) % M e m o : B a s ic s ha r e s ou t s t and i n g ( a v e r age ) , in m . 1 , 555 . 1 1 , 553 . 6 1 , 554 . 6 1 , 554 . 1 1 , 558 . 8 1 , 555 . 3 1 , 579 . 7 2 , 086 . 0 2 , 095 . 8 2 , 094 . 6 1 , 967 . 7 3 4 % ( 0 ) % 2 7 % D il u t e d s ha r e s ou t s t and i n g ( a v e r age ) , in m . 1 , 555 . 1 1 , 571 . 3 1 , 554 . 6 1 , 585 . 9 1 , 558 . 8 1 , 555 . 3 1 , 655 . 0 2 , 140 . 2 2 , 151 . 7 2 , 094 . 6 1 , 967 . 7 3 4 % ( 3 ) % 2 7 % C o s t/ i n c o m e r a t i o 2 115 . 3 % 89 . 0 % 91 . 0 % 87 . 4 % 127 . 2 % 98 . 1 % 86 . 2 % 86 . 4 % 83 . 5 % 121 . 3 % 93 . 1 % ( 5 . 9 ) pp t 37 . 8 pp t ( 5 . 0 ) pp t C o m pen s a t i o n r a t i o 2 39 . 7 % 39 . 6 % 40 . 1 % 38 . 6 % 40 . 0 % 39 . 6 % 42 . 8 % 44 . 1 % 41 . 4 % 58 . 1 % 46 . 1 % 18 . 1 pp t 16 . 7 pp t 6 . 5 pp t N on c o m pen s a t i o n r a t i o 2 75 . 7 % 49 . 5 % 50 . 9 % 48 . 8 % 87 . 2 % 58 . 5 % 43 . 4 % 42 . 2 % 42 . 1 % 63 . 2 % 47 . 0 % ( 24 . 1 ) pp t 21 . 1 pp t ( 11 . 5 ) pp t 772

For footnotes please refer to page 20. 4 Deutsche Bank Q4 2017 Financial Data Supplement Net revenues - Segment view10 Q 4 201 7 v s . Q 4 201 7 v s . F Y 201 7 v s . ( I n € m . ) F Y 201 5 Q 1 201 6 Q 2 201 6 Q 3 201 6 Q 4 201 6 F Y 201 6 Q 1 201 7 Q 2 201 7 Q 3 201 7 Q 4 201 7 F Y 201 7 Q 4 201 6 Q 3 201 7 F Y 201 6 G l oba l T r an s a c t i o n B an k i n g 4 , 60 9 1 , 10 1 1 , 10 4 1 , 13 0 1 , 08 5 4 , 42 1 1 , 04 1 975 974 953 3 , 94 2 ( 12 ) % ( 2 ) % ( 11 ) % E qu i t y O r i g i na t i o n 658 64 124 88 129 405 153 115 6 6 63 39 6 ( 51 ) % ( 4 ) % ( 2 ) % D eb t O r i g i na t i o n 1 , 48 1 295 411 391 296 1 , 39 3 391 311 28 7 338 1 , 32 7 1 4 % 1 8 % ( 5 ) % A d v i s o r y 575 150 72 142 131 495 113 137 12 2 137 50 8 4 % 1 2 % 3 % O r i g i na t i o n an d A d v i s o r y 2 , 71 4 509 606 621 556 2 , 29 2 657 563 47 5 537 2 , 23 1 ( 3 ) % 1 3 % ( 3 ) % F i nan c i n g 2 , 12 7 585 586 583 621 2 , 37 5 551 547 61 0 52 2 2 , 23 1 ( 16 ) % ( 14 ) % ( 6 ) % S a l e s & T r ad i n g ( E qu i t y ) 3 , 41 6 763 742 622 444 2 , 57 1 691 537 52 5 332 2 , 08 5 ( 25 ) % ( 37 ) % ( 19 ) % S a l e s & T r ad i n g ( F I C ) 6 , 08 3 1 , 48 6 1 , 28 6 1 , 54 0 775 5 , 08 7 1 , 70 9 1 , 12 9 98 8 554 4 , 38 0 ( 29 ) % ( 44 ) % ( 14 ) % S a l e s & T r ad i n g 9 , 49 9 2 , 24 9 2 , 02 7 2 , 16 2 1 , 21 9 7 , 65 8 2 , 40 1 1 , 66 6 1 , 51 2 886 6 , 46 5 ( 27 ) % ( 41 ) % ( 16 ) % O t he r ( 51 ) 194 ( 2 ) 36 ( 211 ) 17 ( 241 ) ( 133 ) ( 103 ) ( 166 ) ( 644 ) ( 21 ) % 6 1 % N / M T o t a l C o r po r a t e & I n v e s t m en t B an k 18 , 89 9 4 , 63 9 4 , 32 1 4 , 53 2 3 , 27 0 16 , 76 3 4 , 40 8 3 , 61 8 3 , 46 8 2 , 73 2 14 , 22 6 ( 16 ) % ( 21 ) % ( 15 ) % P r i v a t e & C o mm e r c i a l B an k : P r i v a t e & C o mm e r c i a l C li en t s 5 , 60 3 1 , 36 5 1 , 36 7 1 , 26 5 1 , 22 9 5 , 22 5 1 , 29 9 1,307 1,348 1 , 05 9 5 , 01 3 ( 14 ) % ( 21 ) % ( 4 ) % P o s t ban k 3 , 11 2 861 903 779 824 3 , 36 6 771 726 82 4 802 3 , 12 4 ( 3 ) % ( 3 ) % ( 7 ) % W ea l t h M anage m en t 2 , 09 7 498 490 497 396 1 , 88 0 634 526 42 9 452 2 , 04 1 1 4 % 5 % 9 % H u a X ia ( 175 ) ( 124 ) 6 ( 20 ) 756 618 0 0 0 0 0 N / M N / M ( 100 ) % T o t a l P r i v a t e & C o mm e r c i a l B an k 10 , 63 7 2 , 59 9 2 , 76 6 2 , 52 0 3 , 20 5 11 , 09 0 2 , 70 4 2 , 55 9 2 , 60 2 2 , 31 3 10 , 17 8 ( 28 ) % ( 11 ) % ( 8 ) % t he r e i n : N e t i n t e r e s t i n c o m e 6 , 41 5 1 , 63 6 1 , 54 8 1 , 55 2 1 , 46 5 6 , 20 1 1 , 38 9 1 , 53 6 1 , 44 6 1 , 50 5 5 , 87 6 3 % 4 % ( 5 ) % C o mm i ss i o n an d f e e i n c o m e 3 , 81 6 922 850 801 822 3 , 39 5 924 852 81 7 775 3 , 36 7 ( 6 ) % ( 5 ) % ( 1 ) % R e m a i n i n g i n c o m e 406 42 368 167 917 1 , 49 4 392 171 33 9 33 93 5 ( 96 ) % ( 90 ) % ( 37 ) % P e r f o r m an c e & T r an s a c t i o n F ee s O t he r R e v enue s M a r k - t o - m a r k e t m o v e m en t s o n po li cy ho l de r po s i t i on s in 2,299 246 213 258 532 22 93 43 531 25 77 71 541 44 41 195 557 127 27 88 2,161 219 239 396 555 19 32 0 569 85 22 0 54 5 545 2 9 66 5 4 11 0 0 2 , 21 5 ( 2 ) % ( 0 ) % 2 % 19 9 ( 48 ) % 12 4 % ( 9 ) % 11 8 ( 60 ) % ( 80 ) % ( 51 ) % 0 N / M N / M N / M T o t a l D eu t sc h e A ss e t 3 , 01 6 690 705 821 799 3 , 01 5 607 676 62 8 621 2 , 53 2 ( 22 ) % ( 1 ) % ( 16 ) % N on - C o r e O pe r a t i on s U n it 794 16 ( 349 ) ( 191 ) 142 ( 382 ) - - - - - N / M N / M N / M C on s o li da t i o n & A d j u s t m en t s 179 124 ( 58 ) ( 190 ) ( 347 ) ( 471 ) ( 373 ) ( 237 ) 7 9 44 ( 488 ) N / M ( 44 ) % 3 % N e t r e v enue s 33 , 52 5 8 , 06 8 7 , 38 6 7 , 49 3 7 , 06 8 30 , 01 4 7 , 34 6 6 , 61 6 6 , 77 6 5 , 71 0 26 , 44 7 ( 19 ) % ( 16 ) % ( 12 ) % Abbey Life Deutsche Asset Management:: Management Fees Corporate & Investment Bank: Management::

For footnotes please refer to page 20. 5 Deutsche Bank Q4 2017 Financial Data Supplement Corporate & Investment Bank ( I n € m . , un l e s s s t a t e d o t he r w i s e ) F Y 201 5 Q 1 201 6 Q 2 201 6 Q 3 201 6 Q 4 201 6 F Y 201 6 Q 1 201 7 Q 2 201 7 Q 3 201 7 Q 4 201 7 F Y 201 7 Q 4 201 7 v s . Q 4 201 6 Q 4 201 7 v s . Q 3 201 7 F Y 201 7 v s . F Y 201 6 G l ob a l Tr a n s a c t i on B a n k i ng 4 , 60 9 1 , 10 1 1 , 10 4 1 , 13 0 1 , 08 5 4 , 42 1 1 , 04 1 975 974 953 3 , 94 2 ( 12 ) % ( 2 ) % ( 11 ) % E qu i t y O r i g i na t i o n 658 64 124 88 129 405 153 115 66 63 396 ( 51 ) % ( 4 ) % ( 2 ) % D eb t O r i g i na t i o n 1 , 48 1 295 411 391 296 1 , 39 3 391 311 287 338 1 , 32 7 1 4 % 1 8 % ( 5 ) % A d v i s o r y 575 150 72 142 131 495 113 137 122 137 508 4 % 1 2 % 3 % O r i g i n a t i on a nd A d v i s ory 2 , 71 4 509 606 621 556 2 , 29 2 657 563 475 537 2 , 23 1 ( 3 ) % 1 3 % ( 3 ) % F i n a n c i ng 2 , 12 7 585 586 583 621 2 , 37 5 551 547 610 522 2 , 23 1 ( 16 ) % ( 14 ) % ( 6 ) % S a l e s & T r ad i n g ( E qu i t y ) 3 , 41 6 763 742 622 444 2 , 57 1 691 537 525 332 2 , 08 5 ( 25 ) % ( 37 ) % ( 19 ) % S a l e s & T r ad i n g ( F I C ) 6 , 08 3 1 , 48 6 1 , 28 6 1 , 54 0 775 5 , 08 7 1 , 70 9 1 , 12 9 988 554 4 , 38 0 ( 29 ) % ( 44 ) % ( 14 ) % S a l e s & Tr a d i ng 9 , 49 9 2 , 24 9 2 , 02 7 2 , 16 2 1 , 21 9 7 , 65 8 2 , 40 1 1 , 66 6 1 , 51 2 886 6 , 46 5 ( 27 ) % ( 41 ) % ( 16 ) % O t h e r ( 51 ) 194 ( 2 ) 36 ( 211 ) 17 ( 241 ) ( 133 ) ( 103 ) ( 166 ) ( 644 ) ( 21 ) % 6 1 % N / M T o t a l ne t r e v enue s 18 , 89 9 4 , 63 9 4 , 32 1 4 , 53 2 3 , 27 0 16 , 76 3 4 , 40 8 3 , 61 8 3 , 46 8 2 , 73 2 14 , 22 6 ( 16 ) % ( 21 ) % ( 15 ) % P r o v i s i o n f o r c r ed it l o ss e s 393 150 155 208 303 816 57 56 94 7 213 ( 98 ) % ( 93 ) % ( 74 ) % 4 , 89 7 1 , 13 4 974 962 884 3 , 95 5 1 , 11 4 952 912 1 , 28 5 4 , 26 3 4 5 % 4 1 % 8 % G ene r a l an d ad m i n i s t r a t i v e e x pen s e s 11 , 66 2 2 , 47 9 2 , 35 0 2 , 33 0 2 , 49 6 9 , 65 5 2 , 49 6 1 , 97 7 2 , 10 3 2 , 18 4 8 , 75 9 ( 12 ) % 4 % ( 9 ) % 0 0 0 0 0 0 0 0 0 0 0 N / M N / M N / M I m pa i r m en t o f good w ill an d o t he r i n t ang i b le a ss e t s 2 , 16 8 0 285 ( 0 ) 0 285 0 6 ( 0 ) 0 6 N / M N / M ( 98 ) % R e s t r u c t u r i n g a c t i v i t i e s 129 144 96 40 18 299 32 66 ( 5 ) ( 12 ) 82 N / M 15 7 % ( 73 ) % T o t a l non i n t e r e s t e x pen s e s 18 , 85 6 3 , 75 7 3 , 70 5 3 , 33 3 3 , 39 8 14 , 19 3 3 , 64 2 3 , 00 0 3 , 01 1 3 , 45 7 13 , 11 0 2 % 1 5 % ( 8 ) % N on c on t r o lli n g i n t e r e s t s 26 23 2 22 2 49 4 19 2 1 26 ( 26 ) % ( 25 ) % ( 46 ) % I n c o m e ( l o ss ) be f o r e i n c o m e t a x e s ( 376 ) 709 460 969 ( 433 ) 1 , 70 5 706 543 361 ( 733 ) 877 6 9 % N / M ( 49 ) % R e s ou r c e s E m p l o y ee s ( f r on t o ff i c e f u ll - t i m e equ i v a l en t , a t pe r i o d end ) 17 , 15 9 16 , 94 7 16 , 77 4 17 , 25 3 17 , 12 9 17 , 12 9 16 , 70 3 16 , 28 4 16 , 80 1 17 , 25 1 17 , 25 1 1 % 3 % 1 % T o t a l e m p l o y ee s ( f u ll - t i m e equ i v a l en t , a t pe r i o d end ) 11 39 , 76 6 39 , 88 9 40 , 07 9 39 , 78 6 39 , 62 3 39 , 62 3 39 , 22 5 40 , 19 3 40 , 41 8 41 , 34 9 41 , 34 9 4 % 2 % 4 % A ss e t s ( a t pe r i o d end , in € bn ) 12 1 , 23 7 1 , 35 5 1 , 39 4 1 , 29 6 1 , 20 2 1 , 20 2 1 , 17 6 1 , 21 0 1 , 16 2 1 , 12 7 1 , 12 7 ( 6 ) % ( 3 ) % ( 6 ) % R i sk - w e i gh t e d a ss e t s ( a t pe r i o d end , in € bn ) 4 247 253 255 246 238 238 244 242 242 232 232 ( 3 ) % ( 4 ) % ( 3 ) % CRR / CR D 4 l e v e r ag e e x po s u r e ( a t pe r i o d end , in € bn ) 1 , 13 1 , 00 8 1 , 01 3 1 , 01 7 970 954 954 979 1 , 07 9 1 , 05 0 1 , 03 0 1 , 03 0 8 % ( 2 ) % 8 % A v e r ag e a ll o c a t e d s ha r eho l de r s ' equ i t y in € b n 39 40 40 41 41 41 40 45 46 46 44 1 2 % ( 1 ) % 9 % E ff i c i en c y R a t i o s 2 C o s t/ i n c o m e r a t io 99 . 8 % 81 . 0 % 85 . 7 % 73 . 5 % 103 . 9 % 84 . 7 % 82 . 6 % 82 . 9 % 86 . 8 % 126 . 5 % 92 . 2 % 22 . 6 pp t 39 . 7 pp t 7 . 5 pp t P o s t - t a x r e t u r n o n a v e r ag e s ha r eho l de r s ' equ i t y 2 , 18 ( 0 . 6 ) % 4 . 6 % 3 . 0 % 6 . 2 % ( 2 . 8 ) % 2 . 8 % 4 . 7 % 3 . 2 % 2 . 1 % ( 4 . 3 ) % 1 . 3 % ( 1 . 5 ) pp t ( 6 . 4 ) pp t ( 1 . 4 ) pp t P o s t - t a x r e t u r n o n a v e r ag e t ang i b le s ha r eho l de r s ' equ i t y 2 , 6 , 18 ( 0 . 7 ) % 4 . 9 % 3 . 2 % 6 . 7 % ( 3 . 0 ) % 3 . 0 % 5 . 0 % 3 . 5 % 2 . 3 % ( 4 . 6 ) % 1 . 4 % ( 1 . 6 ) pp t ( 6 . 9 ) pp t ( 1 . 5 ) pp t Compensation and benefits Policyholder benefits and claims

For footnotes please refer to page 20. 6 Deutsche Bank Q4 2017 Financial Data Supplement Private & Commercial Bank ( I n € m . , un l e s s s t a t e d o t he r w i s e ) F Y 201 5 Q 1 201 6 Q 2 201 6 Q 3 201 6 Q 4 201 6 F Y 201 6 Q 1 201 7 Q 2 201 7 Q 3 201 7 Q 4 201 7 F Y 201 7 Q 4 201 7 v s . Q 4 201 6 Q 4 201 7 v s . Q 3 201 7 F Y 201 7 v s . F Y 201 6 5 , 60 3 1 , 36 5 1 , 36 7 1 , 26 5 1 , 22 9 5 , 22 5 1 , 29 9 1 , 30 7 1 , 34 8 1 , 05 9 5 , 01 3 ( 14 ) % ( 21 ) % ( 4 ) % 3 , 11 2 861 903 779 824 3 , 36 6 771 726 824 80 2 3 , 12 4 ( 3 ) % ( 3 ) % ( 7 ) % 2 , 09 7 498 490 497 396 1 , 88 0 634 526 429 45 2 2 , 04 1 1 4 % 5 % 9 % ( 175 ) ( 124 ) 6 ( 20 ) 756 618 0 0 0 0 0 N / M N / M ( 100 ) % T o t a l ne t r e v enue s 10 , 63 7 2 , 59 9 2 , 76 6 2 , 52 0 3 , 20 5 11 , 09 0 2 , 70 4 2 , 55 9 2 , 60 2 2 , 31 3 10 , 17 8 ( 28 ) % ( 11 ) % ( 8 ) % t he r e i n : 6 , 41 5 1 , 63 6 1 , 54 8 1 , 55 2 1 , 46 5 6 , 20 1 1 , 38 9 1 , 53 6 1 , 44 6 1 , 50 5 5 , 87 6 3 % 4 % ( 5 ) % 3 , 81 6 922 850 801 822 3 , 39 5 924 852 817 775 3 , 36 7 ( 6 ) % ( 5 ) % ( 1 ) % 406 42 368 167 917 1 , 49 4 392 171 339 33 935 ( 96 ) % ( 90 ) % ( 37 ) % P r o v i s i o n f o r c r ed it l o ss e s 511 78 101 102 158 439 78 22 90 123 313 ( 22 ) % 3 6 % ( 29 ) % C o m pen s a t i o n an d bene f i t s 4 , 16 1 1 , 04 4 1 , 01 3 1 , 01 8 967 4 , 04 2 996 979 986 1 , 00 5 3 , 96 6 4 % 2 % ( 2 ) % 5 , 13 9 1 , 23 7 1 , 22 1 1 , 23 2 1 , 33 8 5 , 02 9 1 , 28 0 1 , 25 2 1 , 19 7 1 , 42 8 5 , 15 7 7 % 1 9 % 3 % 0 0 0 0 0 0 0 0 0 0 0 N / M N / M N / M 3 , 60 8 0 0 0 0 0 0 0 ( 0 ) 12 12 N / M N / M N / M 586 56 64 ( 20 ) 41 141 ( 48 ) ( 4 ) ( 5 ) 417 360 N / M N / M 15 5 % T o t a l non i n t e r e s t e x pen s e s 13 , 49 5 2 , 33 6 2 , 29 8 2 , 23 1 2 , 34 7 9 , 21 2 2 , 22 8 2 , 22 7 2 , 17 9 2 , 86 1 9 , 49 5 2 2 % 3 1 % 3 % N on c on t r o lli n g i n t e r e s t s 0 0 0 0 0 0 ( 0 ) ( 1 ) 1 ( 12 ) ( 12 ) N / M N / M N / M I n c o m e ( l o ss ) be f o r e i n c o m e t a x e s ( 3 , 370 ) 185 367 187 700 1 , 43 9 399 310 332 ( 659 ) 382 N / M N / M ( 73 ) % R e s ou r c e s 46 , 60 1 46 , 80 4 46 , 59 3 45 , 90 8 45 , 04 5 45 , 04 5 44 , 65 1 44 , 13 0 43 , 67 1 43 , 46 0 43 , 46 0 ( 4 ) % ( 0 ) % ( 4 ) % 54 , 50 9 54 , 62 4 54 , 44 5 54 , 62 2 53 , 53 3 53 , 53 3 53 , 69 6 51 , 36 6 51 , 30 3 51 , 11 8 51 , 11 8 ( 5 ) % ( 0 ) % ( 5 ) % 313 313 336 338 330 330 332 333 331 333 333 1 % 1 % 1 % 93 94 95 93 86 86 88 89 89 87 87 2 % ( 1 ) % 2 % 330 328 349 349 342 342 342 346 342 344 344 0 % 1 % 0 % 14 15 15 15 15 15 14 15 15 15 15 ( 2 ) % ( 1 ) % ( 1 ) % 583 558 557 514 501 501 508 504 505 506 506 1 % 0 % 1 % 3 ( 6 ) ( 3 ) ( 10 ) ( 24 ) ( 42 ) 2 3 ( 0 ) ( 0 ) 4 N / M N / M N / M E ff i c i en c y R a t i o s 2 C o s t/ i n c o m e r a t io 126 . 9 % 89 . 9 % 83 . 1 % 88 . 5 % 73 . 2 % 83 . 1 % 82 . 4 % 87 . 0 % 83 . 7 % 123 . 7 % 93 . 3 % 50 . 5 pp t 40 . 0 pp t 10 . 2 pp t P o s t - t a x r e t u r n o n a v e r ag e s ha r eho l de r s ' equ i t y 2 , 18 ( 15 . 2 ) % 3 . 2 % 6 . 5 % 3 . 2 % 12 . 0 % 6 . 3 % 7 . 5 % 5 . 4 % 5 . 9 % ( 11 . 8 ) % 1 . 7 % ( 23 . 9 ) pp t ( 17 . 7 ) pp t ( 4 . 6 ) pp t P o s t - t a x r e t u r n o n a v e r ag e t ang i b le s ha r eho l de r s ' equ i t y 2 , 6 , 18 ( 17 . 3 ) % 3 . 7 % 7 . 4 % 3 . 7 % 13 . 7 % 7 . 2 % 8 . 7 % 6 . 3 % 6 . 8 % ( 13 . 8 ) % 2 . 0 % ( 27 . 5 ) pp t ( 20 . 6 ) pp t ( 5 . 2 ) pp t Private & Commercial Clients Postbank Wealth Management Hua Xia Net interest income Commission and fee income Remaining income Remaining income General and administrative expenses Policyholder benefits and claims Impairment of goodwill and other intangible assets Restructuring activities Employees (front office full-time equivalent, at period end) Total employees (full-time equivalent, at period end)11 Assets (at period end, in € bn)12 Risk-weighted assets (at period end, in € bn)4 CRR/CRD 4 leverage exposure (at period end, in € bn)1,13 Average allocated shareholders' equity in € bn Assets under management (at period end, in € bn.)14 Net flows (in € bn.)

For footnotes please refer to page 20. 7 Deutsche Bank Q4 2017 Financial Data Supplement Deutsche Asset Management ( I n € m . , un l e s s s t a t e d o t he r w i s e ) F Y 201 5 Q 1 201 6 Q 2 201 6 Q 3 201 6 Q 4 201 6 F Y 201 6 Q 1 201 7 Q 2 201 7 Q 3 201 7 Q 4 201 7 F Y 201 7 Q 4 201 7 v s . Q 4 201 6 Q 4 201 7 v s . Q 3 201 7 F Y 201 7 v s . F Y 201 6 M anage m en t F e e s 2 , 29 9 532 531 541 557 2 , 16 1 555 569 545 545 2 , 21 5 ( 2 ) % ( 0 ) % 2 % P e r f o r m an c e & T r an s a c t i o n F e e s 246 22 25 44 127 219 19 85 29 66 199 ( 48 ) % 12 4 % ( 9 ) % O t he r R e v enue s 213 93 77 41 27 239 32 22 54 11 118 ( 60 ) % ( 80 ) % ( 51 ) % M a r k - t o - m a r k e t m o v e m en t s o n po li cy ho l de r po s i t i on s in A bbe y L i f e 258 43 71 195 88 396 0 0 0 0 0 N / M N / M N / M T o t a l ne t r e v enue s 3 , 01 6 690 705 821 799 3 , 01 5 607 676 628 621 2 , 53 2 ( 22 ) % ( 1 ) % ( 16 ) % P r o v i s i o n f o r c r ed it l o ss e s 1 0 0 0 ( 0 ) 1 ( 0 ) ( 0 ) ( 0 ) ( 0 ) ( 1 ) N / M 6 9 % N / M C o m pen s a t i o n an d bene f i t s 870 197 164 174 172 708 190 194 184 208 776 2 0 % 1 3 % 1 0 % G ene r a l an d ad m i n i s t r a t i v e e x pen s e s 1 , 20 9 281 271 253 267 1 , 07 1 234 245 250 292 1 , 02 1 9 % 1 7 % ( 5 ) % P o li cy ho l de r bene f i t s an d c l a i m s 256 44 74 167 88 374 0 ( 0 ) 0 0 0 N / M N / M N / M I m pa i r m en t o f good w ill an d o t he r i n t ang i b le a ss e t s 0 0 0 0 1 , 02 1 1 , 02 1 0 0 0 3 3 ( 100 ) % N / M ( 100 ) % R e s t r u c t u r i n g a c t i v i t i e s ( 2 ) 6 26 12 3 47 2 2 ( 2 ) 3 6 1 4 % N / M ( 88 ) % T o t a l non i n t e r e s t e x pen s e s 2 , 33 4 528 535 606 1 , 55 1 3 , 22 0 426 441 433 506 1 , 80 6 ( 67 ) % 1 7 % ( 44 ) % N on c on t r o lli n g i n t e r e s t s ( 0 ) 0 0 0 0 0 0 1 0 0 1 ( 69 ) % ( 52 ) % N / M I n c o m e ( l o ss ) be f o r e i n c o m e t a x e s 682 161 170 215 ( 753 ) ( 206 ) 181 234 195 115 725 N / M ( 41 ) % N / M R e s ou r c e s E m p l o y ee s ( f r on t o ff i c e f u ll - t i m e equ i v a l en t , a t pe r i o d end ) 3 , 98 3 3 , 93 6 3 , 87 3 3 , 90 9 3 , 88 8 3 , 88 8 3 , 82 3 3 , 79 9 3 , 84 2 3 , 80 3 3 , 80 3 ( 2 ) % ( 1 ) % ( 2 ) % T o t a l e m p l o y ee s ( f u ll - t i m e equ i v a l en t , a t pe r i o d end ) 11 5 , 57 6 5 , 67 1 5 , 50 4 5 , 47 8 5 , 37 3 5 , 37 3 5 , 24 4 5 , 08 1 5 , 08 6 5 , 06 6 5 , 06 6 ( 6 ) % ( 0 ) % ( 6 ) % A ss e t s ( a t pe r i o d end , in € bn ) 12 30 28 26 26 12 12 12 12 12 8 8 ( 35 ) % ( 30 ) % ( 35 ) % R i sk - w e i gh t e d a ss e t s ( a t pe r i o d end , in € bn ) 4 11 12 13 13 9 9 10 9 10 8 8 ( 6 ) % ( 12 ) % ( 6 ) % CRR / CR D 4 l e v e r ag e e x po s u r e ( a t pe r i o d end , in € bn ) 1 , 13 5 5 5 4 3 3 3 3 3 3 3 ( 8 ) % ( 13 ) % ( 8 ) % A v e r ag e a ll o c a t e d s ha r eho l de r s ' equ i t y in € b n 5 5 5 5 5 5 5 5 5 5 5 1 % 1 % ( 3 ) % M anage m en t f e e m a r g in ( in bp s ) 15 30 . 7 29 . 2 29 . 7 30 . 0 31 . 4 30 . 1 31 . 2 31 . 7 30 . 9 30 . 7 31 . 1 ( 0 . 8 ) bp s ( 0 . 2 ) bp s 1 . 1 bp s A ss e t s unde r m anage m en t ( a t pe r i o d end , in € bn . ) 14 744 711 719 715 706 706 723 711 711 702 702 ( 1 ) % ( 1 ) % ( 1 ) % N e t f l o w s ( in € bn . ) 18 ( 12 ) ( 9 ) ( 8 ) ( 13 ) ( 41 ) 5 6 4 1 16 N / M N / M N / M E ff i c i en c y R a t i o s 2 C o s t/ i n c o m e r a t io 77 . 4 % 76 . 5 % 75 . 8 % 73 . 8 % 194 . 2 % 106 . 8 % 70 . 2 % 65 . 3 % 69 . 0 % 81 . 4 % 71 . 3 % ( 112 . 8 ) pp t 12 . 5 pp t ( 35 . 5 ) pp t P o s t - t a x r e t u r n o n a v e r ag e s ha r eho l de r s ' equ i t y 2 , 18 8 . 2 % 8 . 2 % 9 . 1 % 12 . 1 % ( 42 . 3 ) % ( 2 . 8 ) % 10 . 1 % 13 . 3 % 11 . 2 % 6 . 6 % 10 . 3 % 48 . 9 pp t ( 4 . 7 ) pp t 13 . 1 pp t P o s t - t a x r e t u r n o n a v e r ag e t ang i b le s ha r eho l de r s ' equ i t y 2 , 6 , 18 144 . 8 % N / M N / M N / M N / M N / M 72 . 5 % 67 . 3 % 53 . 3 % 30 . 5 % 54 . 7 % N / M ( 22 . 8 ) pp t N / M

For footnotes please refer to page 20. 8 Deutsche Bank Q4 2017 Financial Data Supplement Non-Core Operations Unit The Non-Core Operations Unit (NCOU) has ceased to exist as a separate corporate division of the Group from 2017 onwards. The remaining legacy assets are now managed by the corresponding operating segments, predominately CIB and PCB. As historical data has not been restated, the 2015 and 2016 results are still shown separately on this page. ( I n € m . , un l e s s s t a t e d o t he r w i s e ) F Y 201 5 Q 1 201 6 Q 2 201 6 Q 3 201 6 Q 4 201 6 F Y 201 6 Q 1 201 7 Q 2 201 7 Q 3 201 7 Q 4 201 7 Q 4 201 7 v s . F Y 201 7 Q 4 201 6 Q 4 201 7 v s . Q 3 201 7 F Y 201 7 v s . F Y 201 6 T o t a l ne t r e v enue s 794 16 ( 349 ) ( 191 ) 142 ( 382 ) - - - - - N / M N / M N / M P r o v i s i o n f o r c r ed it l o ss e s 51 75 5 17 31 128 - - - - - N / M N / M N / M C o m pen s a t i o n an d bene f i t s 86 15 17 13 24 68 - - - - - N / M N / M N / M G ene r a l an d ad m i n i s t r a t i v e e x pen s e s 2 , 92 1 454 263 367 1 , 59 5 2 , 67 8 - - - - - N / M N / M N / M P o li cy ho l de r bene f i t s an d c l a i m s 0 0 0 0 0 0 - - - - - N / M N / M N / M I m pa i r m en t o f good w ill an d o t he r i n t ang i b le a ss e t s 0 0 0 ( 49 ) 0 ( 49 ) - - - - - N / M N / M N / M R e s t r u c t u r i n g a c t i v i t i e s ( 1 ) 5 ( 1 ) 0 ( 0 ) 4 - - - - - N / M N / M N / M T o t a l non i n t e r e s t e x pen s e s 3 , 00 6 475 278 330 1 , 61 8 2 , 70 1 - - - - - N / M N / M N / M N on c on t r o lli n g i n t e r e s t s 1 ( 0 ) ( 0 ) ( 0 ) ( 4 ) ( 4 ) - - - - - N / M N / M N / M I n c o m e ( l o ss ) be f o r e i n c o m e t a x e s ( 2 , 264 ) ( 533 ) ( 632 ) ( 538 ) ( 1 , 504 ) ( 3 , 207 ) - - - - - N / M N / M N / M R e s ou r c e s E m p l o y ee s ( f r on t o ff i c e f u ll - t i m e equ i v a l en t , a t pe r i o d end ) 141 133 132 117 116 116 - - - - - N / M N / M N / M T o t a l e m p l o y ee s ( f u ll - t i m e equ i v a l en t , a t pe r i o d end ) 11 1 , 24 3 1 , 25 1 1 , 26 8 1 , 21 7 1 , 20 4 1 , 20 4 - - - - - N / M N / M N / M A ss e t s ( a t pe r i o d end , in € bn ) 12 23 19 15 11 6 6 - - - - - N / M N / M N / M R i sk - w e i gh t e d a ss e t s ( a t pe r i o d end , in € bn ) 4 33 31 27 18 9 9 - - - - - N / M N / M N / M CRR / CR D 4 l e v e r ag e e x po s u r e ( a t pe r i o d end , in € bn ) 1 , 13 37 31 19 15 8 8 - - - - - N / M N / M N / M A v e r ag e a ll o c a t e d s ha r eho l de r s ' equ i t y in € b n 4 2 2 2 1 2 - - - - - N / M N / M N / M

For footnotes please refer to page 20. 9 Deutsche Bank Q4 2017 Financial Data Supplement Consolidation & Adjustments Historical financial information restated to reflect the alignment of certain parts of our technology and other overhead functions to its business divisions. For purposes of the 2017 average shareholders’ equity allocation the Non-Core Operations Unit (NCOU) balances from year-end 2016 have been allocated to Consolidation & Adjustments (C&A) as Non-Core Operations Unit (NCOU) has ceased to exist as a separate corporate division from 2017 onwards. ( I n € m . , unle s s s t a t e d o t he r w i s e ) F Y 201 5 Q 1 201 6 Q 2 201 6 Q 3 201 6 Q 4 201 6 F Y 201 6 Q 1 201 7 Q 2 201 7 Q 3 201 7 Q 4 201 7 F Y 201 7 Q 4 201 7 v s . Q 4 201 6 Q 4 201 7 v s . Q 3 201 7 F Y 201 7 v s . F Y 201 6 T o t a l ne t r e v enue s 179 124 ( 58 ) ( 190 ) ( 347 ) ( 471 ) ( 373 ) ( 237 ) 79 44 ( 488 ) N / M ( 44 ) % 3 % P r o v i s i o n f o r c r ed it l o ss e s ( 0 ) 1 ( 1 ) ( 0 ) ( 0 ) ( 0 ) ( 1 ) 1 0 0 ( 0 ) N / M 18 0 % ( 18 ) % C o m pen s a t i o n an d bene f i t s 3 , 27 9 803 791 727 779 3 , 10 1 848 796 723 821 3 , 18 7 5 % 1 3 % 3 % G ene r a l an d ad m i n i s t r a t i v e e x pen s e s ( 2 , 299 ) ( 714 ) ( 883 ) ( 692 ) ( 689 ) ( 2 , 979 ) ( 809 ) ( 750 ) ( 686 ) ( 719 ) ( 2 , 964 ) 4 % 5 % ( 0 ) % P o li cy ho l de r bene f i t s an d c l a i m s 0 0 0 0 0 0 0 0 0 0 0 N / M N / M N / M I m pa i r m en t o f good w ill an d o t he r i n t ang i b le a ss e t s 0 0 0 0 ( 0 ) ( 0 ) 0 0 0 0 0 N / M N / M N / M R e s t r u c t u r i n g a c t i v i t i e s ( 3 ) ( 1 ) ( 5 ) 12 ( 13 ) ( 7 ) 0 ( 0 ) ( 0 ) ( 0 ) ( 0 ) ( 99 ) % ( 50 ) % ( 98 ) % T o t a l non i n t e r e s t e x pen s e s 976 89 ( 97 ) 47 77 116 39 45 37 101 223 3 1 % 17 2 % 9 3 % N on c on t r o lli n g i n t e r e s t s ( 27 ) ( 23 ) ( 2 ) ( 22 ) 1 ( 46 ) ( 4 ) ( 19 ) ( 3 ) 10 ( 16 ) N / M N / M ( 65 ) % I n c o m e ( l o ss ) be f o r e i n c o m e t a x e s ( 770 ) 57 42 ( 215 ) ( 425 ) ( 541 ) ( 407 ) ( 265 ) 44 ( 67 ) ( 695 ) ( 84 ) % N / M 2 8 % R e s ou r c e s E m p l o y ee s ( f u ll - t i m e equ i v a l en t , a t pe r i o d end ) 33 , 22 0 33 , 62 5 33 , 93 6 33 , 92 7 33 , 56 5 33 , 56 5 33 , 00 0 32 , 43 8 32 , 50 2 33 , 02 0 33 , 02 0 ( 2 ) % 2 % ( 2 ) % A ss e t s ( a t pe r i o d end , in € bn ) 12 26 25 31 18 41 41 44 14 17 7 7 ( 84 ) % ( 60 ) % ( 84 ) % R i sk - w e i gh t e d a ss e t s ( a t pe r i o d end , in € bn ) 4 13 12 12 14 16 16 16 15 15 17 17 6 % 1 1 % 6 % CRR / CR D 4 l e v e r ag e e x po s u r e ( a t pe r i o d end , in € bn ) 1 , 13 16 13 25 15 40 40 44 15 25 18 18 ( 55 ) % ( 29 ) % ( 55 ) % A v e r ag e a ll o c a t e d s ha r eho l de r s ' equ i t y in € b n 6 0 0 0 0 0 0 0 ( 0 ) ( 0 ) 0 N / M 10 0 % N / M

For footnotes please refer to page 20. 10 Deutsche Bank Q4 2017 Financial Data Supplement Credit risk ( I n € m . , unle s s s t a t e d o t he r wi s e ) F Y 201 5 Q 1 201 6 Q 2 201 6 Q 3 201 6 Q 4 201 6 F Y 201 6 Q 1 201 7 Q 2 201 7 Q 3 201 7 Q 4 201 7 F Y 201 7 Q 4 201 7 v s . Q 4 201 7 v s . F Y 201 7 v s . Q 4 201 6 Q 3 201 7 F Y 201 6 A ll o w an c e f o r l oa n l o ss e s B a l an c e , beg i nn i n g o f pe r i o d P r o v i s i o n f o r l oa n l o ss e s 5 , 21 2 882 5 , 02 8 292 4 , 64 4 287 4 , 47 6 300 4 , 56 2 469 5 , 02 8 1 , 34 7 4 , 54 6 130 4 , 27 5 81 3 , 95 3 4 , 03 9 21 4 128 4 , 54 6 552 ( 11 ) % ( 73 ) % 2 % ( 10 ) % ( 40 ) % ( 59 ) % N e t c ha r ge - o ff s C ha r ge - o ff s R e c o v e r i e s O t he r ( 1 , 094 ) ( 610 ) ( 443 ) ( 185 ) ( 526 ) ( 1 , 764 ) ( 382 ) ( 312 ) ( 77 ) ( 248 ) ( 1 , 019 ) ( 53 ) % ( 52 ) % ( 42 ) % ( 93 ) % N / M ( 42 ) % 16 9 % ( 41 ) % 3 4 % ( 32 ) % N / M 14 3 % ( 1 , 255 ) 161 28 ( 665 ) 55 ( 66 ) ( 470 ) 27 ( 12 ) ( 219 ) 34 ( 29 ) ( 598 ) 72 42 ( 1 , 951 ) 187 ( 65 ) ( 403 ) 22 ( 19 ) ( 345 ) 32 ( 90 ) ( 108 ) 31 ( 51 ) ( 290 ) 41 3 ( 1 , 146 ) 127 ( 158 ) B a l an c e , en d o f pe r i o d 5 , 02 8 4 , 64 4 4 , 47 6 4 , 56 2 4 , 54 6 4 , 54 6 4 , 27 5 3 , 95 3 4 , 03 9 3 , 92 1 3 , 92 1 ( 14 ) % ( 3 ) % ( 14 ) % A ll o w an c e f o r o ff - ba l an c e s hee t po s i t i on s B a l an c e , beg i nn i n g o f pe r i o d P r o v i s i o n f o r o ff - ba l an c e s hee t po s i t i on s O t he r 226 74 11 312 13 ( 6 ) 319 ( 27 ) ( 5 ) 287 27 ( 2 ) 312 23 10 312 36 ( 2 ) 346 3 ( 1 ) 348 ( 2 ) ( 11 ) 33 5 300 ( 30 ) 2 ( 5 ) ( 17 ) 346 ( 27 ) ( 34 ) ( 4 ) % ( 93 ) % N / M ( 10 ) % 1 1 % N / M N / M N / M N / M B a l an c e , en d o f pe r i o d 312 319 287 312 346 346 348 335 30 0 285 285 ( 17 ) % ( 5 ) % ( 17 ) % P r o v i s i o n f o r c r ed it l o ss e s 16 956 304 259 327 492 1 , 38 3 133 79 18 4 129 525 ( 74 ) % ( 30 ) % ( 62 ) % I m pa i r e d l oan s ( a t pe r i o d end ) T o t a l i m pa i r e d l oan s ( a t pe r i o d end ) I m pa i r e d l oa n c o v e r ag e r a t io 17 8 , 15 1 6 2 % 7 , 60 7 6 1 % 7 , 36 2 6 1 % 7 , 53 2 6 1 % 7 , 44 8 6 1 % 7 , 44 8 6 1 % 6 , 93 0 6 2 % 6 , 68 3 5 9 % 6 , 68 0 6 , 23 4 6 0 % 6 3 % 6 , 23 4 6 3 % ( 16 ) % 2 pp t ( 7 ) % ( 16 ) % 2 pp t 2 pp t Loans T o t a l l oan s 432 , 77 7 428 , 70 4 432 , 88 7 427 , 54 1 413 , 45 5 413 , 45 5 413 , 62 7 402 , 65 1 400 , 27 6 405 , 62 1 405 , 62 1 ( 2 ) % 1 % ( 2 ) % D edu c t A ll o w an c e f o r l oa n l o ss e s 5 , 02 8 4 , 64 4 4 , 47 6 4 , 56 2 4 , 54 6 4 , 54 6 4 , 27 5 3 , 95 3 4 , 03 9 3 , 92 1 3 , 92 1 ( 14 ) % ( 3 ) % ( 14 ) % T o t a l l oan s ne t 427 , 74 9 424 , 06 0 428 , 41 1 422 , 97 9 408 , 90 9 408 , 90 9 409 , 35 2 398 , 69 8 396 , 23 7 401 , 69 9 401 , 69 9 ( 2 ) % 1 % ( 2 ) % M e m o : N e t c ha r ge - o ff s / T o t a l l oan s ( 0 . 3 ) % ( 0 . 1 ) % ( 0 . 1 ) % ( 0 . 0 ) % ( 0 . 1 ) % ( 0 . 4 ) % ( 0 . 1 ) % ( 0 . 1 ) % ( 0 . 0 ) % ( 0 . 1 ) % ( 0 . 3 ) % 0 . 1 pp t ( 0 . 0 ) pp t 0 . 2 pp t

For footnotes please refer to page 20. 11 Deutsche Bank Q4 2017 Financial Data Supplement CRR/CRD 4 Regulatory capital ( I n € m . , unle s s s t a t e d o t he r wi s e ) De c 31 , 201 5 M a r 31 , 201 6 J u n 30 , 201 6 S e p 30 , 201 6 De c 31 , 201 6 M a r 31 , 201 7 Pr o - f o r m a J u n 30 , 201 7 J u n 30 , 201 7 S e p 30 , 201 7 De c 31 , 201 7 De c 31 , 201 7 v s . De c 31 , 201 6 R egu l a t o r y c ap i t a l ( f u ll y l oaded) 3 C o mm o n E qu i t y T i e r 1 c ap i t a l 44 , 10 1 42 , 77 0 43 , 52 0 42 , 86 4 42 , 27 9 42 , 22 1 50 , 12 5 41 , 92 2 49 , 12 8 48 , 35 8 1 4 % T i e r 1 c ap i t a l 48 , 65 1 47 , 32 0 48 , 07 1 47 , 41 4 46 , 82 9 46 , 77 1 54 , 67 5 46 , 47 2 53 , 74 9 52 , 97 8 1 3 % T i e r 2 c ap i t a l 12 , 32 5 11 , 76 5 12 , 60 0 12 , 35 2 12 , 67 3 12 , 49 5 11 , 96 6 11 , 96 6 11 , 63 3 10 , 49 8 ( 17 ) % T o t a l c ap i t a l 60 , 97 6 59 , 08 5 60 , 67 1 59 , 76 6 59 , 50 2 59 , 26 6 66 , 64 1 58 , 43 8 65 , 38 2 63 , 47 6 7 % R i sk - w e i gh t e d a ss e t s an d c ap i t a l adequa c y r a t i o s ( f u ll y l oaded) 2 , 3 R i sk - w e i gh t e d a ss e t s 396 , 71 4 400 , 89 6 402 , 21 7 384 , 70 1 357 , 51 8 357 , 65 5 355 , 10 2 354 , 68 8 355 , 11 3 344 , 18 2 ( 4 ) % C o mm o n E qu i t y T i e r 1 c ap i t a l r a t i o 11 . 1 % 10 . 7 % 10 . 8 % 11 . 1 % 11 . 8 % 11 . 8 % 14 . 1 % 11 . 8 % 13 . 8 % 14 . 0 % 2 . 2 pp t T i e r 1 c ap i t a l r a t i o 12 . 3 % 11 . 8 % 12 . 0 % 12 . 3 % 13 . 1 % 13 . 1 % 15 . 4 % 13 . 1 % 15 . 1 % 15 . 4 % 2 . 3 pp t T o t a l c ap i t a l r a t i o 15 . 4 % 14 . 7 % 15 . 1 % 15 . 5 % 16 . 6 % 16 . 6 % 18 . 8 % 16 . 5 % 18 . 4 % 18 . 4 % 1 . 8 pp t R egu l a t o r y c ap i t a l ( pha s e - i n ) 3 C o mm o n E qu i t y T i e r 1 c ap i t a l 52 , 42 9 48 , 31 6 48 , 97 7 48 , 46 2 47 , 78 2 44 , 91 7 52 , 63 4 44 , 46 5 51 , 65 0 50 , 90 0 7 % T i e r 1 c ap i t a l 58 , 22 2 55 , 65 5 56 , 38 2 55 , 77 5 55 , 48 6 54 , 08 3 61 , 28 9 53 , 11 9 60 , 22 2 57 , 72 3 4 % T i e r 2 c ap i t a l 6 , 29 9 6 , 00 0 6 , 69 0 6 , 45 0 6 , 67 2 6 , 72 5 6 , 23 1 6 , 23 1 6 , 00 8 6 , 55 3 ( 2 ) % T o t a l c ap i t a l 64 , 52 2 61 , 65 6 63 , 07 1 62 , 22 5 62 , 15 8 60 , 80 8 67 , 52 0 59 , 35 0 66 , 23 0 64 , 27 7 3 % R i sk - w e i gh t e d a ss e t s an d c ap i t a l adequa c y r a t i o s ( pha s e - i n ) 2 , 3 R i sk - w e i gh t e d a ss e t s 397 , 38 2 401 , 49 6 402 , 67 7 385 , 32 6 356 , 23 5 356 , 74 8 354 , 19 3 353 , 77 9 354 , 23 4 343 , 28 6 ( 4 ) % C o mm o n E qu i t y T i e r 1 c ap i t a l r a t i o 13 . 2 % 12 . 0 % 12 . 2 % 12 . 6 % 13 . 4 % 12 . 6 % 14 . 9 % 12 . 6 % 14 . 6 % 14 . 8 % 1 . 4 pp t T i e r 1 c ap i t a l r a t i o 14 . 7 % 13 . 9 % 14 . 0 % 14 . 5 % 15 . 6 % 15 . 2 % 17 . 3 % 15 . 0 % 17 . 0 % 16 . 8 % 1 . 2 pp t T o t a l c ap i t a l r a t i o 16 . 2 % 15 . 4 % 15 . 7 % 16 . 1 % 17 . 4 % 17 . 0 % 19 . 1 % 16 . 8 % 18 . 7 % 18 . 7 % 1 . 3 pp t

For footnotes please refer to page 20. 12 Deutsche Bank Q4 2017 Financial Data Supplement CRR/CRD 4 Leverage ratio measures1, 3 ( I n € bn . , unle s s s t a t e d o t he r wi s e ) De c 31 , 201 5 M a r 31 , 201 6 J u n 30 , 201 6 S e p 30 , 201 6 De c 31 , 201 6 M a r 31 , 201 7 Pr o - f o r m a J u n 30 , 201 7 J u n 30 , 201 7 S e p 30 , 201 7 De c 31 , 201 7 De c 31 , 201 7 v s . De c 31 , 201 6 T o t a l a ss e t s 1 , 62 9 1 , 74 1 1 , 80 3 1 , 68 9 1 , 59 1 1 , 56 5 1 , 56 9 1 , 56 9 1 , 52 1 1 , 47 5 ( 7 ) % Changes f r o m I F R S t o CRR / CR D 4 ( 234 ) ( 350 ) ( 389 ) ( 335 ) ( 243 ) ( 196 ) ( 126 ) ( 126 ) ( 101 ) ( 80 ) ( 67 ) % D e r i v a t i v e s ne tt i n g ( 460 ) ( 523 ) ( 556 ) ( 491 ) ( 437 ) ( 377 ) ( 359 ) ( 359 ) ( 338 ) ( 328 ) ( 25 ) % D e r i v a t i v e s add - o n 166 157 157 148 146 147 140 140 140 142 ( 2 ) % W r i tt e n c r ed i t de r i v a t i v e s 30 31 24 21 17 18 18 18 20 16 ( 5 ) % S e c u r i t i e s F i nan c i n g T r an s a c t i on s 25 25 35 28 20 21 28 28 30 41 10 1 % O ff - ba l an c e s hee t e x po s u r e a f t e r app li c a t i o n o f credit conversion factors 109 102 102 99 102 102 96 96 93 95 ( 7 ) % C on s o li da t i on , r egu l a t o r y an d o t he r ad j u s t m en t s ( 104 ) ( 140 ) ( 151 ) ( 141 ) ( 92 ) ( 107 ) ( 48 ) ( 49 ) ( 46 ) ( 46 ) ( 49 ) % CRR / leverage exposure measure (fully loaded) 1 , 39 5 1 , 39 0 1 , 41 5 1 , 35 4 1 , 34 8 1 , 36 9 1 , 44 3 1 , 44 2 1 , 42 0 1 , 39 5 4 % CRR / CR D 4 l e v e r ag e e x po s u r e m ea s u r e ( pha s e - i n ) 1 , 35 0 1 , 37 0 1 , 44 4 1 , 44 3 1 , 42 1 1 , 39 6 3 % T o t a l equ i t y 67 . 6 66 . 5 66 . 8 66 . 7 64 . 8 64 . 9 71 . 2 71 . 2 70 . 6 68 . 3 5 % CRR / CR D 4 T i e r 1 c ap i t a l ( f u ll y l oaded ) 48 . 7 47 . 3 48 . 0 47 . 4 46 . 8 46 . 8 54 . 7 46 . 5 53 . 7 53 . 0 1 3 % CRR / CR D 4 Le v e r ag e R a t i o ( f u ll y l oaded ) i n % 2 3 . 5 3 . 4 3 . 4 3 . 5 3 . 5 3 . 4 3 . 8 3 . 2 3 . 8 3 . 8 0 . 3 pp t CRR / CR D 4 T i e r 1 c ap i t a l ( pha s e - i n ) 55 . 5 54 . 1 61 . 3 53 . 1 60 . 2 57 . 7 4 % CRR / CR D 4 Le v e r ag e R a t i o ( pha s e - i n ) i n % 2 4 . 1 3 . 9 4 . 2 3 . 7 4 . 2 4 . 1 0 . 0 pp t CRD 4

For footnotes please refer to page 20. 13 Deutsche Bank Q4 2017 Financial Data Supplement Deutsche Asset Management: Non-GAAP financial measures (1/4) ( I n € m . , un l e s s s t a t e d o t he r wi s e ) F Y 201 5 Q 1 201 6 Q 2 201 6 Q 3 201 6 Q 4 201 6 F Y 201 6 Q 1 201 7 Q 2 201 7 Q 3 201 7 Q 4 201 7 F Y 201 7 Q 4 201 7 v s . Q 4 201 6 Q 4 201 7 v s . Q 3 201 7 F Y 201 7 v s . F Y 201 6 C o r po r a t e & I n v e s t m en t B an k : I n c o m e ( l o ss ) be f o r e i n c o m e t a x e s ( I B I T ) ( 376 ) 709 460 969 ( 433 ) 1 , 70 5 706 543 361 ( 733 ) 877 6 9 % N / M ( 49 ) % N e t I n c o m e ( l o ss ) ( 243 ) 464 301 634 ( 283 ) 1 , 11 5 473 364 242 ( 491 ) 587 7 3 % N / M ( 47 ) % N e t i n c o m e ( l o ss ) a tt r i bu t ab le t o non c on t r o lli n g i n t e r e s t s 0 0 0 0 0 0 0 0 0 0 0 N / M N / M N / M N e t I n c o m e a tt r i bu t ab le t o D B s ha r eho l de r s an d add i t i ona l equ i t y c o m ponen t s ( 243 ) 464 301 634 ( 283 ) 1 , 11 5 473 364 242 ( 491 ) 587 7 3 % N / M ( 47 ) % A v e r ag e a ll o c a t e d s ha r eho l de r s ' equ i t y 39 , 25 8 40 , 27 2 40 , 49 4 40 , 58 7 40 , 60 6 40 , 51 8 40 , 37 4 44 , 98 3 45 , 95 8 45 , 51 9 44 , 18 2 1 2 % ( 1 ) % 9 % A d d ( dedu c t ) : A v e r ag e a ll o c a t e d good w ill an d o t he r i n t ang i b le a ss e t s ( 3 , 177 ) ( 2 , 684 ) ( 2 , 679 ) ( 2 , 749 ) ( 2 , 781 ) ( 2 , 749 ) ( 2 , 894 ) ( 3 , 027 ) ( 2 , 989 ) ( 2 , 993 ) ( 2 , 965 ) 8 % 0 % 8 % A v e r ag e a ll o c a t e d t ang i b le s ha r eho l de r s ' equ i t y 36 , 08 1 37 , 58 8 37 , 81 5 37 , 83 8 37 , 82 5 37 , 76 9 37 , 48 0 41 , 95 6 42 , 96 9 42 , 52 6 41 , 21 7 1 2 % ( 1 ) % 9 % P o s t - t a x r e t u r n o n a v e r ag e s ha r eho l de r s ' equ i t y 2 , 18 ( 0 . 6 ) % 4 . 6 % 3 . 0 % 6 . 2 % ( 2 . 8 ) % 2 . 8 % 4 . 7 % 3 . 2 % 2 . 1 % ( 4 . 3 ) % 1 . 3 % ( 1 . 5 ) pp t ( 6 . 4 ) pp t ( 1 . 4 ) pp t P o s t - t a x r e t u r n o n a v e r ag e t ang i b le s ha r eho l de r s ' equ i t y 2 , 6 , 18 ( 0 . 7 ) % 4 . 9 % 3 . 2 % 6 . 7 % ( 3 . 0 ) % 3 . 0 % 5 . 0 % 3 . 5 % 2 . 3 % ( 4 . 6 ) % 1 . 4 % ( 1 . 6 ) pp t ( 6 . 9 ) pp t ( 1 . 5 ) pp t P r i v a t e & C o mm e r c i a l B an k : I n c o m e ( l o ss ) be f o r e i n c o m e t a x e s ( I B I T ) ( 3 , 370 ) 185 367 187 700 1 , 43 9 399 310 332 ( 659 ) 382 N / M N / M ( 73 ) % N e t I n c o m e ( l o ss ) ( 2 , 177 ) 121 240 122 458 941 267 208 223 ( 442 ) 256 N / M N / M ( 73 ) % N e t i n c o m e ( l o ss ) a tt r i bu t ab le t o non c on t r o lli n g i n t e r e s t s 0 0 0 0 0 0 0 0 0 0 0 N / M N / M N / M N e t I n c o m e a tt r i bu t ab le t o D B s ha r eho l de r s an d add i t i ona l equ i t y c o m ponen t s ( 2 , 177 ) 121 240 122 458 941 267 208 223 ( 442 ) 256 N / M N / M ( 73 ) % A v e r ag e a ll o c a t e d s ha r eho l de r s ' equ i t y 14 , 33 3 14 , 89 9 14 , 85 3 15 , 09 8 15 , 21 7 15 , 01 8 14 , 32 6 15 , 32 3 15 , 15 5 14 , 94 9 14 , 93 8 ( 2 ) % ( 1 ) % ( 1 ) % A d d ( dedu c t ) : A v e r ag e a ll o c a t e d good w ill an d o t he r i n t ang i b le a ss e t s ( 1 , 781 ) ( 1 , 964 ) ( 1 , 948 ) ( 1 , 838 ) ( 1 , 850 ) ( 1 , 896 ) ( 1 , 965 ) ( 2 , 129 ) ( 2 , 107 ) ( 2 , 149 ) ( 2 , 079 ) 1 6 % 2 % 1 0 % A v e r ag e a ll o c a t e d t ang i b le s ha r eho l de r s ' equ i t y 12 , 55 2 12 , 93 6 12 , 90 5 13 , 25 9 13 , 36 7 13 , 12 2 12 , 36 1 13 , 19 4 13 , 04 8 12 , 80 0 12 , 85 9 ( 4 ) % ( 2 ) % ( 2 ) % P o s t - t a x r e t u r n o n a v e r ag e s ha r eho l de r s ' equ i t y 2 , 18 ( 15 . 2 ) % 3 . 2 % 6 . 5 % 3 . 2 % 12 . 0 % 6 . 3 % 7 . 5 % 5 . 4 % 5 . 9 % ( 11 . 8 ) % 1 . 7 % ( 23 . 9 ) pp t ( 17 . 7 ) pp t ( 4 . 6 ) pp t P o s t - t a x r e t u r n o n a v e r ag e t ang i b le s ha r eho l de r s ' equ i t y 2 , 6 , 18 ( 17 . 3 ) % 3 . 7 % 7 . 4 % 3 . 7 % 13 . 7 % 7 . 2 % 8 . 7 % 6 . 3 % 6 . 8 % ( 13 . 8 ) % 2 . 0 % ( 27 . 5 ) pp t ( 20 . 6 ) pp t ( 5 . 2 ) pp t I n c o m e ( l o ss ) be f o r e i n c o m e t a x e s ( I B I T ) 682 161 170 215 ( 753 ) ( 206 ) 181 234 195 115 725 N / M ( 41 ) % N / M N e t I n c o m e ( l o ss ) 441 105 111 141 ( 492 ) ( 135 ) 121 157 131 77 486 N / M ( 41 ) % N / M N e t i n c o m e ( l o ss ) a tt r i bu t ab le t o non c on t r o lli n g i n t e r e s t s 0 0 0 0 0 0 0 0 0 0 0 N / M N / M N / M N e t I n c o m e a tt r i bu t ab le t o D B s ha r eho l de r s an d add i t i ona l equ i t y c o m ponen t s 441 105 111 141 ( 492 ) ( 135 ) 121 157 131 77 486 N / M ( 41 ) % N / M A v e r ag e a ll o c a t e d s ha r eho l de r s ' equ i t y 5 , 35 2 5 , 11 7 4 , 87 8 4 , 66 2 4 , 65 3 4 , 86 4 4 , 79 1 4 , 70 7 4 , 65 5 4 , 71 1 4 , 72 5 1 % 1 % ( 3 ) % A d d ( dedu c t ) : A v e r ag e a ll o c a t e d good w ill an d o t he r i n t ang i b le a ss e t s ( 5 , 048 ) ( 5 , 020 ) ( 4 , 920 ) ( 4 , 814 ) ( 4 , 806 ) ( 4 , 907 ) ( 4 , 122 ) ( 3 , 775 ) ( 3 , 676 ) ( 3 , 698 ) ( 3 , 837 ) ( 23 ) % 1 % ( 22 ) % A v e r ag e a ll o c a t e d t ang i b le s ha r eho l de r s ' equ i t y 304 97 ( 41 ) ( 152 ) ( 153 ) ( 43 ) 668 932 980 1 , 01 4 889 N / M 3 % N / M P o s t - t a x r e t u r n o n a v e r ag e s ha r eho l de r s ' equ i t y 2 , 18 8 . 2 % 8 . 2 % 9 . 1 % 12 . 1 % ( 42 . 3 ) % ( 2 . 8 ) % 10 . 1 % 13 . 3 % 11 . 2 % 6 . 6 % 10 . 3 % 48 . 9 pp t ( 4 . 7 ) pp t 13 . 1 pp t P o s t - t a x r e t u r n o n a v e r ag e t ang i b le s ha r eho l de r s ' equ i t y 2 , 6 , 18 144 . 8 % N / M N / M N / M N / M N / M 72 . 5 % 67 . 3 % 53 . 3 % 30 . 5 % 54 . 7 % N / M ( 22 . 8 ) pp t N / M

(In € m., unless stated otherwise) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 FY 2017 Q4 2017 vs. Q4 2017 vs. FY 2017 vs. Q4 2016 Q3 2017 FY 2016 Non-Core Operations Unit: Consolidation & Adjustments: For footnotes please refer to page 20. 14 Deutsche Bank Q4 2017 Financial Data Supplement Non-GAAP financial measures (2/4) Income (loss) before income taxes (IBIT) (2,264) (533) (632) (538) (1,504) (3,207) - - - - - N/M N/M N/M Net Income (loss) (1,463) (349) (413) (352) (984) (2,097) - - - - - N/M N/M N/M Net income (loss) attributable to noncontrolling interests 0 0 0 0 0 0 - - - - - N/M N/M N/M Net Income attributable to DB shareholders and additional equity components (1,463) (349) (413) (352) (984) (2,097) - - - - - N/M N/M N/M Average allocated shareholders' equity 3,735 2,287 1,786 1,661 1,004 1,682 - - - - - N/M N/M N/M Add (deduct): Average allocated goodwill and other intangible assets (72 ) (373 ) (454 ) (445 ) (118 ) (324 ) - - - - - N/M N/M N/M Average allocated tangible shareholders' equity 3,663 1,915 1,333 1,217 886 1,359 - - - - - N/M N/M N/M Post-tax return on average shareholders' equity2,18 N/M N/M N/M N/M N/M N/M N/M N/M N/M N/M N/M N/M N/M N/M Post-tax return on average tangible shareholders' equity2,6,18 N/M N/M N/M N/M N/M N/M N/M N/M N/M N/M N/M N/M N/M N/M Income (loss) before income taxes (IBIT) (770) 57 42 (215) (425) (541) (407) (265) 44 (67) (695) (84)% N/M 28 % Net Income (loss) (3,331) (105) (219) (267) (589) (1,181) (286) (263) 53 (1,330) (1,826) 126 % N/M 55 % Net income (loss) attributable to noncontrolling interests (21) (23) (2) (22) 1 (45) (4) (19) (2) 10 (15) N/M N/M (66)% Net Income attributable to DB shareholders and additional equity components (3,353) (128) (221) (289) (588) (1,226) (290) (281) 51 (1,320) (1,841) 125 % N/M 50 % Average allocated shareholders' equity 6,377 0 0 0 0 0 321 0 (0) (0) 99 N/M 100 % N/M Add (deduct): Average allocated goodwill and other intangible assets (3,831) 0 0 0 0 (0) (3) 0 0 0 (1) N/M N/M N/M Average allocated tangible shareholders' equity 2,546 0 0 0 0 0 318 0 0 (0) 98 N/M N/M N/M Post-tax return on average shareholders' equity2,18 N/M N/M N/M N/M N/M N/M N/M N/M N/M N/M N/M N/M N/M N/M Post-tax return on average tangible shareholders' equity2,6,18 N/M N/M N/M N/M N/M N/M N/M N/M N/M N/M N/M N/M N/M N/M

(In € m., unless stated otherwise) FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 FY 2017 Q4 2017 vs. Q4 2017 vs. Q4 2016 Q3 2017 FY 2017 vs. FY 2016 Group: Basic Shares Outstanding: For footnotes please refer to page 20. 15 Deutsche Bank Q4 2017 Financial Data Supplement Non-GAAP financial measures (3/4) I n c o m e ( l o ss ) be f o r e i n c o m e t a x e s ( I B I T ) ( 6 , 097 ) 579 408 619 ( 2 , 416 ) ( 810 ) 878 822 933 ( 1 , 345 ) 1 , 28 9 ( 44 ) % N / M N / M I n c o m e t a x e x pen s e ( 675 ) ( 343 ) ( 388 ) ( 340 ) 525 ( 546 ) ( 303 ) ( 357 ) ( 284 ) ( 842 ) ( 1 , 786 ) N / M 19 6 % N / M N e t I n c o m e ( l o ss ) ( 6 , 772 ) 236 20 278 ( 1 , 891 ) ( 1 , 356 ) 575 466 649 ( 2 , 186 ) ( 497 ) 1 6 % N / M ( 63 ) % N e t i n c o m e ( l o ss ) a tt r i bu t ab le t o non c on t r o lli n g i n t e r e s t s ( 21 ) ( 23 ) ( 2 ) ( 22 ) 1 ( 45 ) ( 4 ) ( 19 ) ( 2 ) 10 ( 15 ) N / M N / M ( 66 ) % N e t I n c o m e a tt r i bu t ab le t o D B s ha r eho l de r s an d add i t i ona l equ i t y c o m ponen t s ( 6 , 794 ) 214 18 256 ( 1 , 890 ) ( 1 , 402 ) 571 447 647 ( 2 , 176 ) ( 512 ) 1 5 % N / M ( 63 ) % A v e r ag e s ha r eho l de r s ' equ i t y 69 , 05 5 62 , 57 5 62 , 01 1 62 , 00 8 61 , 48 0 62 , 08 2 59 , 81 2 65 , 01 3 65 , 76 9 65 , 17 9 63 , 94 4 6 % ( 1 ) % 3 % A d d ( dedu c t ) : A v e r ag e good w ill an d o t he r i n t ang i b le a ss e t s ( 13 , 909 ) ( 10 , 040 ) ( 10 , 001 ) ( 9 , 846 ) ( 9 , 555 ) ( 9 , 876 ) ( 8 , 984 ) ( 8 , 930 ) ( 8 , 772 ) ( 8 , 840 ) ( 8 , 881 ) ( 7 ) % 1 % ( 10 ) % A v e r ag e t ang i b le s ha r eho l de r s ' equ i t y 55 , 14 6 52 , 53 5 52 , 01 1 52 , 16 2 51 , 92 5 52 , 20 6 50 , 82 8 56 , 08 2 56 , 99 7 56 , 33 9 55 , 06 3 9 % ( 1 ) % 5 % P o s t - t a x r e t u r n o n a v e r ag e s ha r eho l de r s ' equ i t y 2 , 18 ( 9 . 8 ) % 1 . 4 % 0 . 1 % 1 . 6 % ( 12 . 3 ) % ( 2 . 3 ) % 3 . 8 % 2 . 7 % 3 . 9 % ( 13 . 4 ) % ( 0 . 8 ) % ( 1 . 1 ) pp t ( 17 . 3 ) pp t 1 . 5 pp t P o s t - t a x r e t u r n o n a v e r ag e t ang i b le s ha r eho l de r s ' equ i t y 2 , 6 , 18 ( 12 . 3 ) % 1 . 6 % 0 . 1 % 2 . 0 % ( 14 . 6 ) % ( 2 . 7 ) % 4 . 5 % 3 . 2 % 4 . 5 % ( 15 . 5 ) % ( 0 . 9 ) % ( 0 . 9 ) pp t ( 20 . 0 ) pp t 1 . 8 pp t T ang i b le B oo k V a l ue : T o t a l s ha r eho l de r s ' equ i t y ( B oo k v a l ue ) 62 , 67 8 61 , 59 2 61 , 86 5 61 , 77 0 59 , 83 3 59 , 83 3 59 , 88 5 66 , 25 8 65 , 67 6 63 , 40 5 63 , 40 5 6 % ( 3 ) % 6 % G ood w ill an d o t he r i n t ang i b le a ss e t s 10 , 07 8 9 , 90 6 9 , 90 7 9 , 56 0 8 , 98 2 8 , 98 2 9 , 03 9 8 , 83 4 8 , 77 3 8 , 83 9 8 , 83 9 ( 2 ) % 1 % ( 2 ) % T ang i b le s ha r eho l de r s ' equ i t y ( T ang i b le boo k v a l ue ) 52 , 60 0 51 , 68 6 51 , 95 8 52 , 21 0 50 , 85 1 50 , 85 1 50 , 84 6 57 , 42 4 56 , 90 3 54 , 56 6 54 , 56 6 7 % ( 4 ) % 7 % N u m be r o f s ha r e s i ss ue d 1 , 545 . 5 1 , 545 . 5 1 , 545 . 5 1 , 545 . 5 1 , 545 . 5 1 , 545 . 5 1 , 545 . 5 2 , 066 . 8 2 , 066 . 8 2 , 066 . 8 2 , 066 . 8 3 4 % 0 % 3 4 % T r ea s u r y s ha r e s ( 0 . 4 ) ( 13 . 8 ) ( 13 . 8 ) ( 0 . 5 ) ( 0 . 2 ) ( 0 . 2 ) ( 5 . 2 ) ( 1 . 4 ) ( 0 . 6 ) ( 0 . 4 ) ( 0 . 4 ) 6 3 % ( 37 ) % 6 3 % V e s t e d s ha r e a w a r d s 9 . 9 21 . 4 24 . 8 13 . 3 23 . 3 23 . 3 48 . 4 42 . 7 27 . 5 28 . 5 28 . 5 2 2 % 4 % 2 2 % B a s ic S ha r e s O u t s t and i n g 1 , 555 . 0 1 , 553 . 1 1 , 556 . 5 1 , 558 . 3 1 , 568 . 6 1 , 568 . 6 1 , 588 . 7 2 , 108 . 1 2 , 093 . 7 2 , 094 . 9 2 , 094 . 9 3 4 % 0 % 3 4 % B oo k v a l u e pe r ba s ic s ha r e ou t s t and i n g in € € 40 . 3 1 € 39 . 6 6 € 39 . 7 5 € 39 . 6 4 € 38 . 1 4 € 38 . 1 4 € 37 . 6 9 € 31 . 4 3 € 31 . 3 7 € 30 . 2 7 € 30 . 2 7 ( 21 ) % ( 4 ) % ( 21 ) % T ang i b le boo k v a l u e pe r ba s ic s ha r e ou t s t and i n g in € € 33 . 8 3 € 33 . 2 8 € 33 . 3 8 € 33 . 5 0 € 32 . 4 2 € 32 . 4 2 € 32 . 0 0 € 27 . 2 4 € 27 . 1 8 € 26 . 0 5 € 26 . 0 5 ( 20 ) % ( 4 ) % ( 20 ) %

In € m. FY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 FY 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 FY 2017 Q4 2017 vs. Q4 2016 Q4 2017 vs. Q3 2017 FY 2017 vs. FY 2016 Corporate & Investment Bank: Private & Commercial Bank: Deutsche Asset Management: Consolidation & Adjustments: Group: For footnotes please refer to page 20. 16 Deutsche Bank Q4 2017 Financial Data Supplement Non-GAAP financial measures (4/4) Noninterest expenses 18,856 3,757 3,705 3,333 3,398 14,193 3,642 3,000 3,011 3,457 13,110 2 % 15 % (8)% Impairment of Goodwill and other intangible assets 2,168 0 285 (0) 0 285 0 6 (0) 0 6 N/M N/M (98)% Litigation incl. loan processing fees 2,932 (68) 141 342 192 608 (27) (78) 93 56 44 (71)% (39)% (93)% Restructuring and Severance 257 186 109 66 31 391 61 79 10 1 152 (97)% (91)% (61)% Adjusted Costs: 13,499 3,639 3,170 2,924 3,175 12,909 3,608 2,993 2,908 3,400 12,908 7 % 17 % (0)% Noninterest expenses 13,495 2,336 2,298 2,231 2,347 9,212 2,228 2,227 2,179 2,861 9,495 22 % 31 % 3 % Impairment of Goodwill and other intangible assets 3,608 0 0 0 0 0 0 0 (0) 12 12 N/M N/M N/M Litigation incl. loan processing fees 56 8 55 (4) (3) 56 (3) 48 11 (3) 53 15 % N/M (7)% Restructuring and Severance 679 71 70 (15) 78 204 (37) 9 (3) 429 399 N/M N/M 95 % Adjusted Costs: 9,152 2,258 2,173 2,249 2,272 8,951 2,267 2,170 2,170 2,424 9,032 7 % 12 % 1 % Noninterest expenses 2,334 528 535 606 1,551 3,220 426 441 433 506 1,806 (67)% 17 % (44)% Impairment of Goodwill and other intangible assets 0 0 0 0 1,021 1,021 0 0 0 3 3 (100)% N/M (100)% Litigation incl. loan processing fees 1 1 0 (0) (1) (0) (1) 0 1 4 5 N/M 195 % N/M Policyholder benefits and claims 256 44 74 167 88 374 0 (0) 0 0 0 N/M N/M N/M Restructuring and Severance 8 23 34 9 2 69 4 4 (0) 10 18 N/M N/M (74)% Adjusted Costs: 2,069 460 426 430 441 1,757 422 437 432 489 1,780 11 % 13 % 1 % Non-Core Operations Unit: Noninterest expenses 3,006 475 278 330 1,618 2,701 ----- N/M N/M N/M Impairment of Goodwill and other intangible assets 0 0 0 (49) 0 (49) ----- N/M N/M N/M Litigation incl. loan processing fees 1,849 242 (5) 163 1,350 1,750 ----- N/M N/M N/M Restructuring and Severance 24 6 1 1 15 23 -----N/MN/MN/M Adjusted Costs: 1,133 227 281 215 254 977 -----N/MN/MN/M Noninterest expenses 976 89 (97) 47 77 116 39 45 37 101 223 31 % 172 % 93 % Impairment of Goodwill and other intangible assets 0 0 0 0 (0) (0) 0 0 0 0 0 N/M N/M N/M Litigation incl. loan processing fees 380 5 (72) (0) 49 (18) 0 4 34 74 112 49 % 115 % N/M Restructuring and Severance (3) (1) (8) 14 (12) (6) 1 2 (1) (0) 2 (99)% (89)% N/M Adjusted Costs: 599 84 (18) 34 40 140 39 40 4 27 109 (31)% N/M (22)% Noninterest expenses 38,667 7,184 6,718 6,547 8,992 29,442 6,334 5,715 5,660 6,925 24,633 (23)% 22 % (16)% Impairment of Goodwill and other intangible assets 5,776 0 285 (49) 1,021 1,256 0 6 (0) 15 21 (99)% N/M (98)% Litigation incl. loan processing fees 5,218 187 120 501 1,588 2,397 (31) (26) 140 131 213 (92)% (7)% (91)% Policyholder benefits and claims 256 44 74 167 88 374 0 (0) 0 0 0 N/M N/M N/M Restructuring and Severance 965 285 207 76 114 681 29 95 7 440 570 N/M N/M (16)% Adjusted Costs: 26,451 6,668 6,032 5,852 6,181 24,734 6,336 5,641 5,513 6,340 23,829 3 % 15 % (4)%

Definition of certain financial measures (1/3) Non-GAAP Financial Measures This document and other documents the Group has published or may publish contain non-GAAP financial measures. Non-GAAP financial measures are measures of the Group’s historical or future performance, financial position or cash flows that contain adjustments that exclude or include amounts that are included or excluded, as the case may be, from the most directly comparable measure calculated and presented in accordance with IFRS in the Group’s financial statements. Return on Equity Ratios The Group reports a post tax return on average shareholders’ equity and a post- tax return on average tangible shareholders’ equity, each of which is a non- GAAP financial measure. The post-tax returns on average shareholders’ equity and average tangible shareholders' equity are calculated as net income (loss) attributable to Deutsche Bank shareholders as a percentage of average shareholders’ equity and average tangible shareholders' equity, respectively. Net income (loss) attributable to Deutsche Bank shareholders is a non-GAAP financial measure and is defined as net income (loss) excluding post-tax income (loss) attributable to noncontrolling interests. For the Group, it reflects the reported effective tax rate which was (63)% for the 4th quarter 2017 and 22 % for the prior year’s comparative period. The tax rate was 139 % for the year ended December 31, 2017 and (67)% for the prior year’s comparative period. For the segments, the applied tax rate was 33 % for all quarters in 2017 and 35 % for all reported periods in 2015 and 2016. At the Group level, tangible shareholders' equity is shareholders’ equity as reported in the Consolidated Balance Sheet excluding goodwill and other intangible assets. Tangible shareholders’ equity for the segments is calculated by deducting goodwill and other intangible assets from shareholders’ equity as allocated to the segments. Shareholders’ equity and tangible shareholders’ equity are presented on an average basis. The Group believes that a presentation of average tangible shareholders’ equity makes comparisons to its competitors easier, and refers to this measure in the return on equity ratios presented by the Group. However, average tangible shareholders’ equity is not a measure provided for in IFRS, and the Group’s ratios based on this measure should not be compared to other companies’ ratios without considering differences in the calculations. Allocation of Average Shareholders’ Equity Starting 2017, the Group has refined its capital allocation methodology. Shareholders’ equity is now fully allocated to the Group’s segments based on the regulatory capital demand of each segment and is no longer capped at the amount of shareholders’ equity required to meet the externally communicated targets for the Group’s Common Equity Tier 1 ratio and the Group’s Leverage ratio. Regulatory capital demand reflects the combined contribution of each segment to the Groups’ Common Equity Tier 1 ratio, the Groups’ Leverage ratio and the Group’s Capital Loss under Stress. Contributions in each of the three dimensions are weighted to reflect their relative importance and level of constraint for the Group. Contributions to the Common Equity Tier 1 ratio and the Leverage ratio are measured through Risk Weighted Assets (RWA) and Leverage Ratio Exposure (LRE) assuming full implementation of CRR/CRD 4 rules. The Group’s Capital Loss under Stress is a measure of the Group’s overall economic risk exposure under a defined stress scenario. Goodwill and other intangibles continue to be directly attributed to the Group’s segments in order to allow the determination of allocated tangible shareholders’ equity and the respective returns. Shareholders’ equity and tangible shareholders’ equity is allocated on a monthly basis and averaged across quarters and for the full year. All reported periods in 2015 and 2016 have been restated. Segment average shareholders' equity in December 2015 represents the spot values for the period end. The difference between the spot values of the segments and the average Group amount is captured in C&A. 17 Deutsche Bank Q4 2017 Financial Data Supplement

Definition of certain financial measures (2/3) We also set forth in this and other documents such CRR/CRD 4 measures on a “fully loaded” basis, reflecting full application of the rules without consideration of the transitional provisions under CRR/CRD 4. With respect to risk-weighting, we assumed until third quarter 2017 in our CRR/CRD 4 “fully loaded” methodology for a limited subset of equity positions that the impact of the expiration of these transitional rules will be mitigated through sales of the underlying assets or other measures prior to the expiration of the grandfathering provisions by end of 2017. Since the fourth quarter 2017 we have not applied this grandfathering rule anymore, but instead applied a risk weight between 190 % and 370 % determined based on Article 155 CRR under the CRR/CRD 4 fully loaded rules to all our equity positions. Consequently, in this regard, there are no transitional arrangements any longer considered in our fully loaded RWA numbers for December 31, 2017. Only for the comparative periods these transitional rules within the risk weighting were still applicable Such fully loaded metrics are described in (i) “Management Report: Risk Report: Risk and Capital Performance: Capital and Leverage Ratio” on pages 136 to 152 of our Annual Report 2016 and “Supplementary Information: Non-GAAP Financial Measures: Fully Loaded CRR/CRD 4 Measures” on pages 471 to 472 of our Annual Report 2016 and in (ii) the subsections “Management Report: Risk Report: Risk and Capital Performance: Regulatory Capital”, “Management Report: Risk Report: Leverage Ratio” and “Other Information (unaudited): Fully loaded CRR/CRD 4 Measures” of our Q1, Q2 and Q3 Interim Reports. Such sections also provide reconciliation to the respective CRR/CRD 4 transitional or IFRS values. As the final implementation of CRR/CRD 4 may differ from our expectations, and our competitors’ assumptions and estimates regarding such implementation may vary, our fully loaded CRR/CRD 4 measures may not be comparable with similarly labeled measures used by our competitors. Allocation of Average Shareholders’ Equity (cont’d) For purposes of the 2017 average shareholders’ equity allocation the Non-Core Operations Unit (NCOU) balances from year-end 2016 have been allocated to Consolidation & Adjustments (C&A) as Non-Core Operations Unit (NCOU) has ceased to exist as a separate corporate division from 2017 onwards. Adjusted Costs Adjusted costs is one of the key performance indicators outlined in our strategy. It is a non-GAAP financial measure for which the most directly comparable IFRS financial measure is noninterest expenses. Adjusted costs is calculated by deducting from noninterest expenses under IFRS (i) impairment of goodwill and other intangible assets, (ii) litigation, (iii) policyholder benefits and claims and (iv) restructuring and severances. Policyholder benefits and claims arose from the Abbey Life Assurance business which was sold in late 2016 and so will not occur in future periods. The Group believes that a presentation of noninterest expenses excluding the impact of these items provides a more meaningful depiction of the costs associated with our operating businesses. Fully loaded CRR/CRD 4 Measures Since January 1, 2014, our regulatory assets, exposures, risk-weighted assets, capital and ratios thereof are calculated for regulatory purposes under CRR/CRD4. CRR/CRD 4 provides for “transitional” (or “phase-in”) rules, under which capital instruments that are no longer eligible under the new rules are permitted to be phased out as the new rules on regulatory adjustments are phased in, as well as regarding the risk weighting of certain categories of assets. In some cases, CRR/CRD 4 maintains transitional rules that had been adopted in earlier capital adequacy frameworks through Basel 2 or Basel 2.5. These relate e.g. to the risk weighting of certain categories of assets and include rules permitting the grandfathering of equity investments at a risk-weight of 100 %. 18 Deutsche Bank Q4 2017 Financial Data Supplement

Definition of certain financial measures (3/3) Book Value and Tangible Book Value per Basic Share Outstanding Book value per basic share outstanding and tangible book value per basic share outstanding are non-GAAP financial measures that are used and relied upon by investors and industry analysts as capital adequacy metrics. Book value per basic share outstanding represents the Bank’s total shareholders’ equity divided by the number of basic shares outstanding at period-end. Tangible book value represents the Bank’s total shareholders’ equity less goodwill and other intangible assets. Tangible book value per basic share outstanding is computed by dividing tangible book value by period-end basic shares outstanding. Cost ratios Cost/income ratio: Noninterest expenses as a percentage of total net revenues, which are defined as net interest income before provision for credit losses plus noninterest income. Compensation ratio: Compensation and benefits as a percentage of total net revenues, which are defined as net interest income before provision for credit losses plus noninterest income. Noncompensation ratio: Noncompensation noninterest expenses, which are defined as total noninterest expenses less compensation and benefits, as a percentage of total net revenues, which are defined as net interest income before provision for credit losses plus noninterest income. Other key ratios Diluted earnings per share: Net income (loss) attributable to Deutsche Bank shareholders, which is defined as net income (loss) excluding noncontrolling interests, divided by the weighted-average number of diluted shares outstanding. Diluted earnings per share assume the conversion into common shares of outstanding securities or other contracts to issue common stock, such as share options, convertible debt, unvested deferred share awards and forward contracts. Other key ratios (cont’d) Book value per basic share outstanding: Book value per basic share outstanding is defined as shareholders’ equity divided by the number of basic shares outstanding (both at period end). Tangible book value per basic share outstanding: Tangible book value per basic share outstanding is defined as shareholders’ equity less goodwill and other intangible assets, divided by the number of basic shares outstanding (both at period-end). Tier 1 capital ratio: Tier 1 capital, as a percentage of the risk-weighted assets for credit, market and operational risk. Common Equity Tier 1 capital ratio: Common Equity Tier 1 capital, as a percentage of the risk-weighted assets for credit, market and operational risk. Fully loaded CRR/CRD4 Leverage Ratio: Tier 1 capital (CRR/CRD4 fully loaded), as a percentage of the CRR/CRD4 leverage ratio exposure measure (fully loaded). Phase-in CRR/CRD4 Leverage Ratio: Tier 1 capital (CRR/CRD4 phase-in), as a percentage of the phase-in CRR/CRD4 leverage ratio exposure measure (phase-in). 19 Deutsche Bank Q4 2017 Financial Data Supplement

Footnotes We calculate our leverage ratio exposure on a fully loaded basis in accordance with Article 429 of the CRR as per Delegated Regulation (EU) 2015/62 of October 10, 2014 published in the Official Journal of the European Union on January 17, 2015 amending Regulation (EU) No 575/2013. Definitions of ratios are provided on pages 17, 18 and 19 of this document. At period end. Regulatory capital amounts, risk weighted assets and capital ratios are based upon CRR/CRD 4 fully-loaded. The reconciliation of adjusted costs is provided on page 16 of this document. The reconciliation of average tangible shareholders‘ equity is provided on page 13-15 of this document. The number of average basic and diluted shares outstanding has been adjusted for all periods before April 2017 in order to reflect the effect of the bonus component of subscription rights issues in April 2017 in connection with the capital increase. Earnings were adjusted by € 298 million, € 276 million and € 228 million net of tax for the coupons paid on Additional Tier 1 Notes in April 2017, April 2016 and April 2015, respectively. The coupons paid on Additional Tier 1 Notes are not attributable to Deutsche Bank shareholders and therefore need to be deducted in the calculation in accordance with IAS 33. Diluted Earnings per Common Share include the numerator effect of assumed conversions. In case of a net loss potentially dilutive shares are not considered for the earnings per share calculation, because to do so would decrease the net loss per share. Source for share price information: Bloomberg, based on XETRA; high and low based on intraday prices. To reflect the capital increase in 2017, the historical share prices up to and including March 20, 2017 (last trading day cum rights) have been adjusted with retroactive effect by multiplication with the correcting factor of 0.8925 (R-Factor). Includes net interest income and net gains (losses) on financial assets/liabilities at fair value through profit or loss, net fee and commission income and remaining revenues. Reflects front office employees and related Infrastructure employees (allocated on a pro forma basis). Segment assets represent consolidated view, i.e. the amounts do not include intersegment balances (except for Central Liquidity Reserves, Shorts Coverage, Liquidity Portfolio and Repack reallocations from CIB to PCB and NCOU, regarding assets consumed by other segments but managed by CIB). Contains Group-neutral reallocation of Central Liquidity Reserves to business divisions, majority re-allocated from CIB to PCB. Assets under Management include assets held on behalf of customers for investment purposes and/or assets that are managed by DB. They are managed on a discretionary or advisory basis or are deposited with DB. Annualized management fees devided by average Assets under Management. Includes provision for loan losses and provision for off-balance sheet positions. Impaired loan coverage ratio: balance of the allowance for loan losses as a percentage of impaired loans (both at period end). Based on Net income (loss) attributable to Deutsche Bank shareholders (Post-tax). 20 Deutsche Bank Q4 2017 Financial Data Supplement