DGAP-Adhoc

Deutsche Bank intends to raise capital, plans additional measures and announces new financial targets

DGAP-Ad-hoc: Deutsche Bank AG / Key word(s): Capital Increase/Strategic Company Decision Deutsche Bank intends to raise capital, plans additional measures and announces new financial targets 05-March-2017 / 16:32 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Frankfurt am Main, 5 March 2017 - Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) intends to increase its capital from the issuance of new shares with subscription rights for existing shareholders with proceeds expected to be around EUR 8 billion. Additionally, the Bank plans to take a number of additional measures and is announcing new financial targets.

Strengthening capital

Deutsche Bank expects to issue up to 687.5 million new shares with
subscription rights to existing shareholders and with the same dividend
rights as all other outstanding shares. The volume of around EUR 8
billion in proceeds is underwritten by a syndicate of banks including
Credit Suisse, Barclays, Goldman Sachs, BNP Paribas, Commerzbank, HSBC,
Morgan Stanley, and UniCredit. Deutsche Bank will act as global
coordinator and joint bookrunner.

Subject to approval by the BaFin, a securities prospectus is expected to be
published on March 20 2017. The subscription period of the rights is
expected to run through April 6 2017.

Upon completion of the proposed capital raise, the Bank's fully loaded
December 31 2016 pro forma CET1 ratio would be 14,1%, and its pro forma
leverage ratio 4,1% (Footnote 1).

Additional measures

The Bank plans a series of additional actions and sets new financial
targets that replace the existing targets originally announced in October
2015. These additional measures are intended to strengthen the Bank's
status as a leading European bank with a global reach supported by its
strong home base in Germany. The Bank intends to continue serving the
needs of its clients across transaction banking, corporate finance, capital