EFTA Document EFTA01373767

For Key Client Partners or US Institutional Investors. Not for Retail Distribution Deutsche Bank Municipal Capital Markets Group The Most Efficient and Focused Muni business in U.S. Municipals Client-Focused Efficient Adaptive Effective Substantial Capacity Ntutsche Sank • Focus on providing customized client solutions and creating partnerships • Deep relationships help generate unique and programmatic opportunities • Significant amount of repeat business • Fourth largest Muni busin