Forward-looking statements

This management report contains statements and forecasts pertaining to the future development of DB Group, its business units and individual companies. These fore­casts are estimates based on information that is available at the current time. Actual developments and profits may diverge from the current expectations as a result of the non-­­materialization of the assumptions upon which our forecasts are based or the materialization of risks such as those presented in the Risk report.

DB Group does not assume any obligation to update the statements made within this management report.

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