EFTA Document EFTA01377170

Deutsche Bank's senior unsecured ratings reflect the German bail-in law treatment of senior unsecured debt Moody's S&P Operating company 4110 Holding company • • P/A-1 P/A-1 P/A-1 P/A-1 P/A-2 P/A-2 Aa2/AA Aa3/AA- A1/A+ A2/A A3/A- Baa-/BBIE1+ P/A-2 Baa2/BBB P/A-3 I Baa3/B8B- • • • • • Swiss Peers CS .1--- ! so . • • . ... • . • P f E !• i I I I : UBS US Peers BoA Citi GS JPM MS 1 Note: Data from company information / rating agencies, as of