Deutsche Bank AG - Registered Shares

**Strong Operating Performance and Revenue Targets:** Deutsche Bank reported revenues of €22.9 billion for the first nine months of 2024, on track to meet its goal of €30 billion for the year, indicating a 3% year-on-year growth. The adjusted costs were maintained at €5 billion per quarter, aligning with 2024 guidance, reinforcing stable operating leverage.

**Capital Management and Share Buyback Initiatives:** The Common Equity Tier 1 (CET1) ratio stands at a robust 13.8%, allowing the bank to seek authorization for a share buyback. Management remains confident in delivering over €8 billion in capital distributions from 2021 to 2025, despite recent litigation rulings which do not affect their capital plans as they are fully provisioned for related claims.

**Credit Loss Provisions and Expectations:** Provisions for credit losses were reported at €494 million for Q3 2024, equivalent to 41 basis points of average loans. The bank anticipates a decline in provisions towards normalized levels, projecting improvements driven by stabilization in commercial real estate and a resolution of transitional effects from the Postbank integration.