Directors’ Dealings | 9 February 2011 16:04

DGAP-DD: Deutsche Bank AG english

Notification concerning transactions by persons performing managerial responsibilities pursuant to section 15a of the WpHG Directors’ Dealings notification transmitted by DGAP – a company of EquityStory AG. The person with duty of notification is solely responsible for the content of this announcement. ————————————————————————— Details of the person subject to the disclosure requirement Last name: Waugh First name: Seth Harrison Company: Deutsche Bank Securities Inc. Position: Member of the Group Executive Committee, CEO Deutsche Bank Americas Information about the transaction with duty of notification Description of the financial instrument: Deutsche Bank AG Shares ISIN/WKN of the financial instrument: DE0005140008 Type of transaction: Sale Date: 04.02.2011 Price: 62.603 Currency: USD No. of items: 33544.00 Total amount traded: 2099955.03 Place: NYSE Explanation for publication: Sale executed via a joint account held by Seth Waugh and his wife, Sheila Waugh Information about the company with duty of publication Issuer: Deutsche Bank AG Taunusanlage 12 60325 Frankfurt a. M. Deutschland ISIN: DE0005140008 WKN: 514000 End of Directors’ Dealings Notification (c) DGAP 09.02.2011 DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de ID 12717