Deutsche Bank : Public Offer - XS2011168486

Programme

Issue of up to 100,000 Coupon Notes with Partial Capital Protection (corresponds to product no. N71 in the Securities Note) at EUR 1,000 each with an aggregate nominal amount of up to EUR 100,000,000 relating to STOXX® Global Select Dividend 100 Index (the "Securities")

WKN: DC5PS8

ISIN: XS2011168486

Notice to Securityholders

This Notice is dated 14 October 2021 and should be read in conjunction with the Final Terms dated 26 July 2021 in respect of the Issue of up to 100,000 Coupon Notes with Partial Capital Protection (corresponds to product no. N71 in the Securities Note) at EUR 1,000 each with an aggregate nominal amount of up to EUR 100,000,000 relating to STOXX® Global Select Dividend 100 Index (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 100,000 Coupon Notes with Partial Capital Protection (corresponds to product no. N71 in the Securities Note) at EUR 1,000 each with an aggregate nominal amount of up to EUR 100,000,000 relating to STOXX® Global Select Dividend 100 Index (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 10,711,000 at an Issue Price of 100.00% of the Nominal Amount (Nominal Amount being EUR 1,000 per Security).

The Issue Date of the Notes is 15 October 2021.

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).

14 October 2021

Deutsche Bank