Multi Asset Investment Process The Multi Asset Committee's 3 Pillar Approach Multi Asset Investment Committee (MIC) 1 2 What it does Creates a multi asset allocation based on discretionary input and bottom-up analysis Considers risk allocation aspects when taking the final discretionary decision on cross-asset allocation strategy as part of the Deutsche Bank WM CIO View MIC Process Asset and Risk Allocation Pillar 1 Pillar 2 Allocation Asset Class Input Drivers On discretion of Systematic our most senior analysis of investment potential market professionals drivers Pillar 3 Risk Analysis Risk assessment considered as part of asset-allocation decision Results in a global lead asset allocation, accompanied by cross-asset views which serve as the basis for regional implementation Source: Deutsche Bank Wealth Management Deutsche Bank Weryirl 9 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0073279 SDNY_GM_00219463 EFTA01376843