Deutsche Bank recognizes the importance of protecting the privacy of the personal information,
which has been given to us. We believe that the confidentiality and protection of information
entrusted to us by our clients and website visitors is one of our fundamental responsibilities. We
have been safeguarding our clients' privacy for decades by maintaining strict standards of security

Why does Deutsche Bank collect personal data?

We collect, retain and use information about you for the purpose of better serving your financial
needs and administering our business. We limit the collection and use of client information to the
minimum required for delivering outstanding service to our clients.

How does Deutsche Bank collect data and how long will it be stored?

Whenever we collect personal data, our website visitors will be informed about the extent to whichwe collect. Furthermore, we will not collect personal data without the explicit consent from ourwebsite visitors.

All personal data will normally be stored until it has fulfilled the purpose it was collected for.
However, if a website visitor wants his personal data removed from our databases, we will delete
his personal data upon written request (in accordance with the applicable laws). At your request,
we will also inform you about personal data stored concerning yourself.

Deutsche Bank is committed to the continuous improvement of its websites. We gather and
analyze data regarding the use of our websites anonymously, including domain names, number of
hits, pages visited, length of user session, etc., to evaluate the usefulness of our sites, but these
are for statistical purposes only and are not shared with any other organization outside the
Deutsche Bank Group.

How is data saved, protected and used?

The personal information gathered will be referred to the relevant Deutsche Bank unit. Bankingsecrecy and confidentiality of that data will be kept. Controller of the data will be the relevant legalentity. Data will not be shared with any organization outside the Deutsche Bank Group, unless thisshould be required to for example perform information services, which may be done by asubcontractor (e.g. sending out publications to which the customer has subscribed before). Thedata will only be used according to the purposes described on the respective website where thedata had been collected.

Pages where we collect personal data from our website visitors are usually encrypted with your
browser's internal encryption module. These pages, as well as the e-trade system of Deutsche
Bank, are certified by renowned international accredited certification institutions. Deutsche Bank
has implemented additional, comprehensive state-of-the-art security procedures for our e-trade
system. A firewall prevents external access to account information from Deutsche Bank's system.
Moreover, multiple layers of encryption and identification prevent unauthorized inquiries or
interception by the transmission of client information. In addition to the encryption procedures
provided by standard browsers, Deutsche Bank uses even stronger encryption systems within its
banking systems, to further exclude decoding by unauthorized persons. An electronic finger print,
which guarantees that no manipulation takes place during the transmission, is produced
simultaneously.

If at any time you are not satisfied with our procedure to protect your privacy, or if you have
questions regarding the collection and/or use of your personal data or regarding our privacy policy,
please contact us. We will use all commercially reasonable efforts to promptly address your
concern. Feel free to contact us via e-mail to deutsche.bank@db.com in order to send your inquiry
to us.

Published by Deutsche Bank AG.
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All rights reserved.