EFTA Document EFTA01377165

ECB stress test validates DB's progress and strength DB improved CET1 ratio, fully II Net stress CET1 ratio Starting stress test CET1 ratio: results loaded delta under the adverse 9.2% versus scenario 2014 stress 11.1% test DB's stressed CET1 ratio in-line with peers 2018 adverse scenario CETI ratio, fully loaded 8.8% I I 8.5% 11-32)bP!1) 8.2% Cp15)bpi) 8.1% 7.8% Ii 7.5% 7.0% 7.8% 7.4% 7.3% 7.1% 2014 Stress Test 2016 Stress Test Deutsche Bank's result -80bps