Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 184

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 184
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 in all relevant securities including shares and debt instruments issued by Deutsche Bank AG. Trading derivatives, including those related to securities of Deutsche Bank AG, is prohibited. Trading shares of Deutsche Bank AG or of DWS Group GmbH & Co. KGaA, the bank’s 79.49% owned, publicly traded subsidiary (“DWS”), and related financial instruments is additionally prohibited during “Restricted Periods” prior to the release of annual or quarterly earnings releases, with all staff being restricted from trading in the three days prior to the release of earnings, staff designated as “private” being restricted in the 30 days up to and including the release of earnings and staff designated as “permanent insiders” being restricted outside of a 30-day window following the release of earnings. The Personal Account Dealing Policy is filed as Exhibit 11.1 hereto. An excerpt from the Code of Conduct is filed as Exhibit 11.2 hereto. Item 16K: Cybersecurity For information on Cybersecurity see “Combined Management Report: Risk Report: Information security” in the Annual Report 2024.

| 111 |

| Deutsche Bank                   |
| Annual Report 2024 on Form 20-F |

Disclosures Under Iran Threat Reduction and Syria Human Rights Act of 2012 Under Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012, which added Section 13(r) of the U.S. Securities Exchange Act of 1934, as amended, an issuer of securities registered under the Securities Exchange Act of 1934 is required to disclose in its periodic reports filed under the Securities Exchange Act of 1934 certain of its activities and those of its affiliates relating to Iran and to other persons sanctioned by the U.S. under programs relating to terrorism and proliferation of weapons of mass destruction that occurred during the period covered by the report. The bank describes below a number of potentially disclosable activities of Deutsche Bank AG and its affiliates. Disclosure is generally required regardless of whether the activities, transactions or dealings were conducted in compliance with applicable law. Deutsche Bank also reports transactions in whichother Iranian persons or entities listedon OFACsanctions lists were involved, whether or not they are directly or indirectly owned or controlled by the Iranian government. Legacy Contractual Obligations Related to Guarantees and Letters of Credit. Prior to 2007, Deutsche Bank provided guarantees to a number of Iranian entities. In almost all of these cases, the bank issued counter-indemnities in support of guarantees issued by Iranian banks because the Iranian