EFTA Document EFTA01377134

Deutsche Bank's senior unsecured ratings reflect the German bail-in law treatment of senior unsecured debt P/A-1 ! Aa2/AA P/A-1 Aa3/AA- _i P/A-1 Al/A+ P/A-1 A2/A P/A-2 A3/A- P/A-2 iBaa1/BBB P/A-2 Baa2/8BB P/A-3 Baa3/8138- O • • t i• BNP HSBC • • o • • 0 SOC Swiss Peers CS • UBS • • Moody's S&P Operating company • Holding company • US Peers BoA GS JPM • Citi • MS O1 • 1 • € Note Data from company information rating agencies, as of 15 December 20