Deutsche Bank Freezes Job Expansion Plans in North Carolina

FRANKFURT AM MAIN, Germany–(BUSINESS WIRE)–Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB) announced today that it will
freeze plans to create 250 new jobs at its Cary, North Carolina,
location.

The Bank’s decision is due to state-wide legislation enacted in North
Carolina on March 23 that invalidated existing protections of the rights
of lesbian, gay, bisexual and transgender fellow citizens in some
municipalities and prevents municipalities from adopting such
protections in the future.

John Cryan, Co-Chief Executive Officer of Deutsche Bank, said: “We take
our commitment to building inclusive work environments seriously. We’re
proud of our operations and employees in Cary and regret that as a
result of this legislation we are unwilling to include North Carolina in
our US expansion plans for now. We very much hope that we can re-visit
our plans to grow this location in the near future.”

Deutsche Bank currently employs approximately 900 people at its software
application development center in Cary and is committed to sustaining
that existing presence.

On 22 September 2015, Deutsche Bank confirmed plans to add 250 jobs in
Cary through 2017.

For further information on that announcement, please visit: https://governor.nc.gov/press-release/db-global-technology-expansion-create-250-jobs-wake-county

About Deutsche Bank

Deutsche Bank provides commercial and investment banking, retail
banking, transaction banking and asset and wealth management products
and services to corporations, governments, institutional investors,
small and medium-sized businesses, and private individuals. Deutsche
Bank is Germany’s leading bank, with a strong position in Europe and a
significant presence in the Americas and Asia Pacific.

Contacts

Deutsche Bank AG
Press & Media Relations
Renee Calabro, +1
(212) 250-5525
renee.calabro@db.com
or
Michael
Golden, +44 (20) 754-56469
michael.golden@db.com
or
Frank
Hartmann, +49 (0) 69 910 42744
frank.hartmann@db.com