Deutsche Bank : Public Offer - XS0460007577

Programme

Issue of up to 50,000 Deutsche Bank AG (DE) Green Note Step-Up Coupon 2030 (corresponds to product no. 36 in the Securities Note for Notes) at EUR 1,000 each with an aggregate nominal amount of up to EUR 50,000,000, due July 2030

WKN: DB2EUT

ISIN: XS0460007577

Notice to Securityholders

This Notice is dated 27 July 2022 and should be read in conjunction with the Final Terms dated 20 June 2022 in respect of the Issue of up to 50,000 Deutsche Bank AG (DE) Green Note Step-Up Coupon 2030 (corresponds to product no. 36 in the Securities Note for Notes) at EUR 1,000 each with an aggregate nominal amount of up to EUR 50,000,000, due July 2030 (the"Securities") issued by Deutsche Bank AG Frankfurt am Main.

Any information not updated or amended herein should be regarded as unchanged.

Further to its public offer of the Issue of up to 50,000 Deutsche Bank AG (DE) Green Note Step-Up Coupon 2030 (corresponds to product no. 36 in the Securities Note for Notes) at EUR 1,000 each with an aggregate nominal amount of up to EUR 50,000,000, due July 2030 (the"Securities"), issued by Deutsche Bank AG Frankfurt am Main (the "Issuer") under its X-markets Programme (each a "Security" together the "Securities"), the Issuer will issue EUR 9,700,000 at an Issue Price of 102.00% of the Nominal Amount (Nominal Amount being EUR 1,000 per Security).

The Issue Date of the Notes is 29 July 2022.

Application has been made to list the Securities on the Official List of the Luxembourg Stock Exchange and to trade them on the Regulated market of the Luxembourg Stock Exchange, which is a regulated market for the purposes of Directive 2014/65/EU (as amended).

27 July 2022

Deutsche Bank