Strong decline in Level 3 assets In EUR bn, at period end, unless otherwise stated NCOU disposals significant driver in recent past Comments 38 2007 Deutsche Bank Investor Relations % of DB Group assets -71% 25 2012 1.5% 26 3Q16 NCOU Core Bank Level 3 classification does not explicitly imply an asset is more risky Level 3 assets are instruments where the fair value of one or more parameters cannot be determined directly by market information and where pricing techniques must be employed Level 3 assets include Commercial Real Estate loans, some municipal bonds as well as OTC derivatives Level 3 assets only account for 1.5% of DB assets Sensitivity analysis around the uncertainty of unobservable market parameters (consistent with prevailing market evidence) shows limited downside of EUR 1.1bn (-20 bps pro-forma impact on 3Q16 CETI ratio) versus a potential increase in asset valuations of EUR 1.6bn (-30 bps pro-forma impact on 3Q16 CETI ratio) As of 30 Sept 2016, -70% of Level 3 assets are financial assets available for sale and trading securities - with the intention for sale within the next 12 months 9 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0073703 CONFIDENTIAL SDNY_GM_00219887 EFTA01377131