However, this alone is not enough. To entrench a strong risk culture, Deutsche Bank encourages everyone to speak out when something doesn't seem right. This “Speak-Up Culture” is what we expect. Another important aspect of a strong risk culture is that our bank can meet the requirement to record business-related communications. As such, our employees are only permitted to use approved communication channels, and Deutsche Bank has further strengthened its processes and controls here. Although we understand we have work to do to deliver our controls remediation program and adapt it to increasing regulatory requirements, the progress so far across all elements has made our bank safer. We also see the value of our investments in exceptional times. Strong controls and good corporate governance have contributed to our ability to adapt to evolving sanctions and help clients deal with key market challenges. Our bank is represented in 58 countries and home to 157 nationalities. Actively promoting diversity, equity and inclusion remains a priority and we continue to equip our people to fulfill this. We have made our goal of improving gender balance transparent, especially at our most senior management levels, and continue to make progress towards our 2025 targets. In the Human Rights Campaign's annual Corporate Equality Index, we received the highest score of 100 for 19 consecutive years. In order to further embed diversity, equity and inclusion in the bank’s culture, we rely on our managers; they must lead diverse teams, behave inclusively and support their employees in their careers. To support our leaders, we have created our Leadership Kompass, a set of eight behaviors that we expect from all of our leaders. These include sustainable business practices, the development and well-being of our employees, and the way we put clients and employees at the heart of all decisions, in line with our values and beliefs. When it comes to social responsibility, our bank has a long and impressive history. This is deeply rooted in our culture, even and especially in difficult times. In response to the humanitarian plight of refugees from Ukraine, Deutsche Bank donated € 1 million in 2022. Our employees donated a further € 500,000+ and many were involved in Ukraine aid projects. With the launch of the How We Live environmental projects in 2022, the bank is aligning its social responsibility strategy even more closely with its ESG objectives. These projects contribute towards the protection and regeneration of nature worldwide. We are also proud to report that, by the end of 2022, more than 1,000 of our employees in Germany had registered for the financial education project “So geht Geld”, which provides students with practical financial knowledge. This is far beyond our goal of recruiting 700 colleagues for the project by the end of the reporting year. In total, we invested more than € 55 million as part of our social commitment as well as in art, culture and sports projects. More than 3 million people worldwide benefited from this. In addition, more than 18,700 employees volunteered on our social projects giving a total of almost 190,000 hours. This commitment is remarkable. It underpins that we are at the heart of society and act responsibly. Progress on all of our non-financial targets is only possible if we are successful in business. We were able to meet this requirement in 2022 and achieved the best result in 15 years. We can look to the future with confidence; our bank is once again sustainably profitable. It is more efficient and has four strong, mutually-reinforcing, well-balanced business divisions. Our clients, our shareholders and our employees play a significant role in this success. Our special thanks therefore go to them. Yours sincerely, Christian Sewing 4