Deutsche Bank AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

DGAP Voting Rights Announcement: Deutsche Bank AG Deutsche Bank AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution 24.05.2019 / 11:14 Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Notification of Major Holdings 1. Details of issuer Name: Deutsche Bank AG Street: Taunusanlage 12 Postal code: 60325 City: Frankfurt a. M. Germany Legal Entity Identifier (LEI): 7LTWFZYICNSX8D621K86 2. Reason for notification   Acquisition/disposal of shares with voting rights X Acquisition/disposal of instruments   Change of breakdown of voting rights   Other reason: 3. Details of person subject to the notification obligation Legal entity: UBS Group AG City of registered office, country: Zurich, Switzerland 4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3. 5. Date on which threshold was crossed or reached: 17 May 2019 6. Total positions   % of voting rights attached to shares (total of 7.a.) % of voting rights through instruments (total of 7.b.1 + 7.b.2) Total of both in % (7.a. + 7.b.) Total number of voting rights pursuant to Sec. 41 WpHG New 2.04 % 5.81 % 7.85 % 2066773131 Previous notification 2.08 % 0.59 % 2.68 % / 7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG) ISIN Absolute In %   Direct (Sec. 33 WpHG) Indirect (Sec. 34 WpHG) Direct (Sec. 33 WpHG) Indirect (Sec. 34 WpHG) DE0005140008 42161852 % 2.04 % Total 42161852 2.04 % b.1. Instruments according to Sec. 38 (1) no. 1 WpHG Type of instrument Expiration or maturity date Exercise or conversion period Voting rights absolute Voting rights in % Right to recall of lent shares At any time 9946051 0.48 % Right of use over shares At any time 13375772 0.65 % Physically Settled Long Call Options 21.06.2019 to 08.03.2023 11778992 0.57 % Physically Settled Long Call Options 17.06.2019 to 17.12.2020 50842621 2.46 %     Total 85943436 4.16 % b.2. Instruments according to Sec. 38 (1) no. 2 WpHG Type of instrument Expiration or maturity date Exercise or conversion period Cash or physical settlement Voting rights absolute Voting rights in % Short Put Options 21.06.2019 to 18.12.2020 Physical 14971571 0.72 % Equity Swaps 29.07.2019 to 01.03.2024 Cash 4840860 0.23 % Equity Futures 21.06.2019 to 20.12.2019 Cash 14324038 0.69 %       Total 34136469 1.65 % 8. Information in relation to the person subject to the notification obligation   Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.). X Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity: Name % of voting rights (if at least 3% or more) % of voting rights through instruments (if at least 5% or more) Total of both (if at least 5% or more) UBS Group AG % % % UBS AG - % 5.35 % 6.82 %   UBS Group AG % % % UBS AG - % 5.35 % 6.82 % UBS Switzerland AG % % %   UBS Group AG % % % UBS AG - % 5.35 % 6.82 % UBS Europe SE % % % UBS Gestion S.G.I.I.C., SA % % %   UBS Group AG % % % UBS AG - % 5.35 % 6.82 % UBS Europe SE % % %   UBS Group AG % % % UBS AG - % 5.35 % 6.82 % Lantern Structured Asset Management Limited % % %   UBS Group AG % % % UBS AG - % 5.35 % 6.82 % UBS Americas Holding LLC % % % UBS Americas Inc. % % % UBS Asset Management (Americas) Inc. % % % UBS Asset Management Trust Company % % %   UBS Group AG % % % UBS AG - % 5.35 % 6.82 % UBS Asset Management AG % % % UBS Asset Management Holding (No. 2) Ltd % % % UBS Asset Management Holding Ltd % % % UBS Asset Management (UK) Limited % % %   UBS Group AG % % % UBS AG - % 5.35 % 6.82 % UBS Asset Management AG % % % UBS Asset Management Holding (No. 2) Ltd % % % UBS Asset Management Holding Ltd % % % UBS Asset Management Life Ltd % % %   UBS Group AG % % % UBS AG - % 5.35 % 6.82 % UBS Asset Management AG % % % UBS Asset Management (Australia) Ltd % % %   UBS Group AG % % % UBS AG - % 5.35 % 6.82 % UBS Asset Management AG % % % UBS Asset Management (Singapore) Ltd % % %   UBS Group AG % % % UBS AG - % 5.35 % 6.82 % UBS Asset Management AG % % % UBS Fund Management (Luxembourg) SA % % %   UBS Group AG % % % UBS AG - % 5.35 % 6.82 % UBS Asset Management AG % % % UBS Third Party Management Company SA % % %   UBS Group AG % % % UBS AG - % 5.35 % 6.82 % UBS Asset Management AG % % % UBS Fund Management (Switzerland) AG % % %   UBS Group AG % % % UBS AG - % 5.35 % 6.82 % UBS Asset Management AG % % % UBS Asset Management (Hong Kong) Ltd % % %   UBS Group AG % % % UBS AG - % 5.35 % 6.82 % UBS Trustees (Bahamas) Ltd % % %   UBS Group AG % % % UBS AG - % 5.35 % 6.82 % UBS Trustees (Singapore) Ltd % % %   UBS Group AG % % % UBS AG - % 5.35 % 6.82 % UBS (Jersey) Limited % % % UBS Trustees (Jersey) Ltd % % %   UBS Group AG % % % UBS AG - % 5.35 % 6.82 % UBS Americas Holding LLC % % % UBS Americas Inc. % % % UBS Asset Management (Americas) Inc. % % %   UBS Group AG % % % UBS AG - % 5.35 % 6.82 % UBS Americas Holding LLC % % % UBS Americas Inc. % % % UBS Securities LLC % % % 9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting: Proportion of voting rights Proportion of instruments Total of both % % % 10. Other explanatory remarks: Date 22 May 2019 24.05.2019 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Deutsche Bank AG
	Taunusanlage 12
	60325 Frankfurt a. M.
	Germany
Internet:	www.db.com

End of News	DGAP News Service

815155  24.05.2019