Events after the balance sheet date

War in Ukraine

On February 24, 2022, the Russian Federation’s armed forces launched an invasion of Ukraine. The specific effects of the Ukraine crisis on DB Group are currently not fully foreseeable and quantifiable. Until now, DB Group has only been active in Ukraine with its logistics subsidiary DB Schenker, which employs about 90 employees in the country. We have discontinued operations at the logistics offices in Ukraine. Other effects will include those resulting from sanctions against Russia. In addition, the increase in energy and raw material prices will have an impact on DB Group.

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