Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 571

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 571
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 |   -5 |     |    0 |     |   -10 |
| Longevity improvements by 10 %:3                             |     |              |     |      |     |      |     |       |     |              |     |      |     |      |     |       |
| (Increase) in DBO                                            |     |         -205 |     |  -60 |     |  -20 |     |   -10 |     |         -225 |     |  -60 |     |  -20 |     |   -10 |
| Expected increase in plan assets                             |     |            0 |     |   55 |     |    0 |     |     0 |     |            0 |     |   40 |     |    0 |     |     0 |
| Expected net impact on funded status (de-) increase          |     |         -205 |     |   -5 |     |  -20 |     |   -10 |     |         -225 |     |  -20 |     |  -20 |     |   -10 |

1 Expected changes in the fair value of plan assets contain the simulated impact from the biggest plans in Germany, the UK, the U.S., Channel Islands, Switzerland and Belgium which cover over 99% of the total fair value of plan assets. The fair value of plan assets for other plans is assumed to be unchanged for this presentation

2 Incorporates sensitivity to changes in pension benefits to the extent linked to the price inflation assumption

3 Estimated to be equivalent to an increase of around 1 year in overall life expectancy

| 306 |

| Deutsche Bank      |
| Annual Report 2024 |

Expected cash flows

The following table shows expected cash flows for post-employment benefits in 2025, including contributions to the Group’s external pension trusts in respect of funded plans, direct payment to beneficiaries in respect of unfunded plans, as well as contributions to defined contribution plans.

|                                                              |     |  2025 |
| in € m.                                                      |     | Total |
| Expected contributions to                                    |     |       |
| Defined benefit plan assets                                  |     |    85 |
| BVV                                                          |     |    60 |
| Other defined contribution plans                             |     |   280 |
| Expected benefit payments for unfunded defined benefit plans |     |    30 |
| Expected total cash flow related to post-employment benefits |     |