Top 10 OVERALL INTEREST RATES (Cont.) CURRENCY (Cont.) EQUITY (Cont.)

gs gs Rankin Rankin 2013 2013

Top 10 OVERALL INTEREST RATES (cont.) CURRENCY (cont.) EQUITY (cont.)

2013 2012 Bank % Options FX Forwards Equity index options 1 1 Deutsche Bank 14.9 2013 2012 Bank % 2013 2012 Bank % DJ Eurostoxx 1 1 Deutsche Bank 19.4 1 1 Commerzbank 19.1 2013 2012 Bank % 2 2 Commerzbank 13.8 2 – UniCredit 16.8 2 2 Deutsche Bank 18.4 1 1 UniCredit 21.6 3 2 Commerzbank 15.3 3 – BNP Paribas 11.4 2 2 Deutsche Bank 19.6 3 3 UniCredit 13.3 4 – DZ Bank 10.3 4 5 UniCredit 10.9 3 3 Commerzbank 14.8 4 – Landesbank Baden- Württemberg 7.3 5 – Landesbank Baden-Württemberg 7.5 5 4 HSBC 9.5 4 5 UBS 9.9 5 – BNP Paribas 7.9 5 9 DZ Bank 7.2 Forward rate agreements Exotic currency products 6 – BNP Paribas 6.9 2013 2012 Bank % 2013 2012 Bank % S&P 500 1 2 Deutsche Bank 20.1 1 n/a Commerzbank 24.8 2013 2012 Bank % 7 10 HSBC 5.8 2 – UniCredit 17.8 2 Deutsche Bank 22.6 1 3= Deutsche Bank 21.0 3 1 Commerzbank 13.8 3 BNP Paribas 13.0 2 1= UniCredit 18.2 8 8 Barclays 5.5 4 – Landesbank Baden-Württemberg 10.1 4 HSBC 10.6 3 – Bank of America Merrill Lynch 14.3 9 4 UBS 5.3 5= – DZ Bank 8.2 5 UniCredit 10.1 4 – Commerzbank 10.1 5= – WestLB 8.2 5 3= UBS 9.8 10 6 Société Générale 4.8

Repurchase agreements Exotic equity products OVERALL 2013 2012 Bank % first-class risk management consulting 2013 2012 Bank % 1 1 Deutsche Bank 22.2 1 1 Société Générale 24.1 2 – UniCredit 17.8 2 5 Deutsche Bank 23.1 Interest rates 3 2 Commerzbank 15.2 Derivates and risk management advisory 3 – UniCredit 17.1 2013 2012 Bank % 4 – DZ Bank 10.0 2013 2012 Bank % 4 – UBS 14.2 1 1 Deutsche Bank 17.2 5 – Landesbank Baden-Württemberg 8.9 1 1 Commerzbank 20.3 5 3 Commerzbank 9.6 2 5 UniCredit 15.0 2 2 Deutsche Bank 18.8 3 2 Commerzbank 13.1 Cross-currency swaps 3 3 UniCredit 15.1 Exchange-traded funds 4 – Landesbank Baden-Württemberg 9.3 2013 2012 Bank % 4 5 DZ Bank 9.6 2013 2012 Bank % 5 – DZ Bank 8.9 1 1 Commerzbank 19.1 5 4 Landesbank Baden-Württemberg 8.8 1 1 UniCredit 24.8 2 2 Deutsche Bank 17.8 2 2 Deutsche Bank 17.9 Currency 3 5 UniCredit 16.9 3 4 Commerzbank 10.0 2013 2012 Bank % 4 – Landesbank Baden-Württemberg 10.6 4 3 Société Générale 9.6 EQUITY 1 1 Commerzbank 18.1 5 – DZ Bank 10.1 5 5 Nomura 7.3 2 2 Deutsche Bank 17.3 3 – UniCredit 10.5 Exotic interest rate products OTC single stock options OTHER 4 – BNP Paribas 8.3 2013 2012 Bank % Germany 5 5 HSBC 8.1 1 n/a Deutsche Bank 22.5 2013 2012 Bank % Credit derivatives 2 UniCredit 16.8 1 1 UniCredit 20.5 2013 2012 Bank % Equity 3 Commerzbank 13.1 2 2 Deutsche Bank 20.1 1 2= Commerzbank 20.3 2013 2012 Bank % 4 Landesbank Baden-Württemberg 9.4 3 5 Commerzbank 16.9 2 1 Deutsche Bank 19.4 1 1 UniCredit 16.7 5 ForBarclays review7.9 only4= 4 DZ Bank 10.7 3 4 UniCredit 12.9 2 2 Deutsche Bank 13.9 4= 3 UBS 10.7 4 2= JP Morgan 11.8 3 3 Commerzbank 10.0 CURRENCY 5 5 BNP Paribas 9.6 4 4 UBS 8.9 International 5 5 Société Générale 7.4 FX Swaps 2013 2012 Bank % Commodities 2013 2012 Bank % 1 1 UniCredit 21.6 2013 2012 Bank % 1 2 Deutsche Bank 20.8 2 2 Deutsche Bank 19.1 1 1 Commerzbank 25.2 2 1 Commerzbank 18.3 3 4 Commerzbank 17.1 2 2 Deutsche Bank 19.5 3 5 UniCredit 12.6 4 3 UBS 12.1 3 – Bank of America Merrill Lynch 12.2 4 – BNP Paribas 9.9 5 – BNP Paribas 7.1 4 3 UBS 11.8 INTEREST RATES 5 – HSBC 9.3 5 5 Goldman Sachs 9.4 Equity index options Swaps FX Options Dax Structured products 2013 2012 Bank % 2013 2012 Bank % 2013 2012 Bank % 2013 2012 Bank % 1 1 Deutsche Bank 20.3 1 2 Commerzbank 20.7 1 1 UniCredit 23.3 1 4= Commerzbank 24.1 2 4= UniCredit 15.8 2 1 Deutsche Bank 18.1 2 3= Deutsche Bank 18.0 2 3 UniCredit 20.5 3 2 Commerzbank 14.2 3= – BNP Paribas 12.3 3 2 Commerzbank 15.1 3 2 Deutsche Bank 18.2 4 3 DZ Bank 10.6 NOT3= – UniCredit FOR12.3 REPRODUCTION4= – BNP Paribas 8.4 4= 1 Société Générale 12.8 5 – Landesbank Baden-Württemberg 8.8 5 5 Barclays 9.6 4= 3= UBS 8.4 4= – UBS 12.8

Deutsches Risk Autumn 2013 Deutsches Risk Autumn 2013