DGAP-DD: Deutsche Bank AG english

| Source: EQS Group AG

Notification concerning transactions by persons performing managerial
responsibilities pursuant to section 15a of the WpHG

Directors' Dealings notification transmitted by DGAP - a company of EQS Group
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: Folkerts-Landau
First name: David 
Company: Deutsche Bank AG

Position: Chief Economist & Global Head of Research

Information about the transaction with duty of notification

Description of the financial instrument: Deutsche Bank AG subscription rights
ISIN/WKN of the financial instrument: DE000A11QV10
Type of transaction: Sale
Date: 18.06.2014
Price: 1.5368
Currency: EUR
No. of items: 166.00
Total amount traded: 255.11
Place: XETRA

Explanation for publication:

Automatic sale of subscription rights at a weighted average price of EUR
1.5368 executed by an employee share ownership plan administrator in
accordance with the plan rules

Information about the company with duty of publication

Issuer: Deutsche Bank AG
Taunusanlage 12
60325 Frankfurt a. M.
ISIN: DE0005140008
WKN: 514000

End of Directors' Dealings Notification 
(c) DGAP 24.06.2014

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