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Deutsche Bank AG (64FZ)

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Friday 09 November, 2018

Deutsche Bank AG

ISIN XS0170398068 – Notice related to issuer Call option

ISIN XS0170398068 – Notice related to issuer Call option

Deutsche Bank AG London

Commonwealth Bank of Australia

Issue of £150,000,000 Subordinated Fixed to Floating Rate Step-Up Notes due 2023

under the U.S.$10,000,000,000 Euro Medium Term Note Programme

CBA EMTN Series 507 – ISIN XS0170398068

Commonwealth Bank of Australia hereby irrevocably gives notice to the holders of the above Notes that it is exercising its option under Condition 6(c) of the above Notes to redeem all the Notes at their Optional Redemption Amount on the Interest Payment Date falling on 19 December 2018 and confirms it has received written approval from APRA to exercise the call option.

Principal Paying Agent

Deutsche Bank AG, London Branch

Winchester House

1 Great Winchester Street

London EC2N 2BD

United Kingdom

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