Book size: 2300; First Pay: 2027-02-19; Redemption: 2029-02-19; Registration: Reg S Only; Comments: EUR500m Green 4NC3 fxd-to-frn cpn 2.875% at 99.81, yld 2.942%. Spread: MS+65. DBR 0.25% 02/15/29 +80.20 bps (@94.55%), HR 102%. Clean-up Call: 75%. LEI: 7LTWFZYICNSX8D621K86;

Reoffer: 4NC3: MS+65bp / 99.81 / 2.942% Benchmark: 4NC3: DBR 0.25% 15-Feb-29 @ 94.55% / B+80.2 / HR 102% Final Books: €2.3bn+. Peak book above €3.5bn. Launched: 4NC3: €500m @ MS+65bp - Books above €3.5bn Book Update: Books above €2.5bn IPTs: 4NC3: MS+95a Issuer: Deutsche Bank Aktiengesellschaft Issuer ratings: A1 (Stable) / A (Positive) / A (Stable) (Moody’s / S&P / Fitch) Exp. issue ratings: Baa1 / BBB / A- (Moody’s / S&P / Fitch) Securities: Fixed-to-Floating Rate Senior Non-Preferred Notes issued as European Green Bonds under the European Green Bond Regulation Status: Unsecured, unsubordinated (senior non-preferred) Eligible liabilities format: Yes (no right to set-off, no security provided; no events of default; purchases of the Notes by the Issuer, in the open market or otherwise, and early redemption, if applicable, subject to prior regulatory approval; contractual reference to resolution measures) Size: €500m Settlement Date: 19-Feb-26 (T+7) Maturity Date: 19-Feb-30 Call Date: 19-Feb-29 Coupon: 2.875% p.a., payable annually in arrears until but excluding the Call Date on 19-Feb-29 in each year, commencing on 19-Feb-27 (Fixed Rate Period) (Act./Act. following unadjusted). From and including the Call Date to but excluding the Maturity Date 0.65% p.a. above the 3-months-EURIBOR-Rate, payable quarterly in arrears on 19 May, 19 August, 19 November and the Maturity Date, commencing 19-May-29 (Floating Rate Period) (Act./360, modified following, adjusted). A Rate Replacement provision and customary fallback provisions will apply to the 3-months-EURIBOR-Rate. Use of Proceeds: The issuer will designate, at issuance an amount corresponding to at least the net proceeds for the financing or refinancing of financial assets within a portfolio of EU Taxonomy Aligned Assets. The Notes are issued in accordance with the European Green Bond Regulation, the Factsheet dated 29-Jan-26 as assessed by the Pre-issuance Review dated 29-Jan-26 in accordance with Article 10 of the Green Bond Regulation, both of which are available on the website of the Issuer (under https://investor-relations.db.com/creditors/prospectuses/sustainable-instruments). Business Days: T2 Early Redemption: The issuer has the right to redeem the Notes in whole or in part, at 100% of the Principal Amount together with any accrued but unpaid interest on the Call Date by giving not less than 5 and not more than 60 Business Days’ prior notice, subject to prior regulatory approval Redemption Amount: 100% of Principal Amount at Maturity Date and upon Early Redemption Additional Call Features: Clean-up Call (75%) Target Market: MiFID II / UK MiFIR professionals and ECP’s (all distribution channels) Listing: On or after the closing date: Luxembourg Stock Exchange (regulated market) Format: Reg S (bearer form) Minimum Denomination: €100,000 + €100,000 Governing Law: German ISIN: DE000A460FV1 LEI: 7LTWFZYICNSX8D621K86 Sole ESG Structuring Coordinator: Deutsche Bank Joint Lead Managers: ABN AMRO, Crédit Agricole CIB, Deutsche Bank (B&D), Natixis, NatWest, SEB Timing: PRICED, T.O.E. 14.05 ukt, FTT 14.30ukt Documentation: EUR 80,000,000,000 Debt Issuance Programme. The Base Prospectus is available at https://www.db.com/ir/en/dip-base-prospectuses.htm and the issuer description as well as any supplements are available at https://www.db.com/ir/en/registration-documents.htm

The Notes are issued in accordance with the European Green Bond Regulation, the Factsheet dated 29 January 2026 as assessed by the Pre-issuance Review dated 29 January 2026 in accordance with Article 10 of the Green Bond Regulation