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: Stevens
First name: David
Company: Deutsche Bank AG

Position: Head of Market Risk Management

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: 19.06.2014
Price: 1.4302
Currency: EUR
No. of items: 13248.00
Total amount traded: 18947.29
Place: Frankfurt

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

DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

ID 19046