Deutsche Bank : Public Offer

Programme

Issue of up to 100,000 Notes with Quarterly Coupons (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 100,000,000 relating to the 3 Month EURIBOR

WKN: DB2D2E

ISIN: XS0459881479

Notice to Securityholders

This Notice is dated 25 January 2023 and should be read in conjunction with the Final Terms dated 23 November 2022 in respect of the Issue of up to 100,000 Notes with Quarterly Coupons (corresponds to product no. 36 in the Securities Note) at EUR 1,000 each with an aggregate nominal amount of up to EUR 100,000,000 relating to the 3 Month EURIBOR

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 Notes with Quarterly Coupons (corresponds to product no. 36 in the Securities Note) at EUR 1,000 each with an aggregate nominal amount of up to EUR 100,000,000 relating to the 3 Month EURIBOR (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 60,000,000 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 27 January 2023.

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).

25 January 2023

Deutsche Bank