Deutsche Bank AG: Correction of a release from 01/11/2018 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: Correction of a release from 01/11/2018 according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution 26.10.2020 / 13:00 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 X Acquisition/disposal of shares with voting rights   Acquisition/disposal of instruments   Change of breakdown of voting rights   Other reason: 3. Details of person subject to the notification obligation Natural person (first name, surname): Douglas L. Braunstein Date of birth: 15 Jan 1961 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: 31 Oct 2018 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 3.14 % 0.00 % 3.14 % 2066773131 Previous notification N/A % N/A % N/A % / 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 64861476 % 3.14 % Total 64861476 3.14 % 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 % 0 0.00 %     Total 0 0.00 % 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 % 0 0.00 %       Total 0 0.00 % 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) Douglas L. Braunstein % % % HEC Management GP LLC % % % HEC SPV II GP LLC % % % HEC Investment Fund Cayman Master Ltd % % %   Douglas L. Braunstein % % % HEC Management GP LLC % % % HEC Performance GP LLC % % % HEC Onshore Fund LP / HEC Intermediate Fund LP % % % HEC Master Fund LP % % %   Douglas L. Braunstein % % % HEC Management GP LLC % % % Hudson Executive Capital LP 3.14 % % % 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 Oct 2020 26.10.2020 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

1142897  26.10.2020