Deutsche Bank AG Deutsche Bank Completes Acquisition of Numis (9974P)

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RNS Number : 9974P

Deutsche Bank AG

13 October 2023

For immediate release

Deutsche Bank Completes Acquisition of Numis

Combined business will be known as 'Deutsche Numis' - a leading force in UK investment banking

FRANKFURT & LONDON - 13 October, 2023 - Deutsche Bank AG today announces that it has completed its acquisition of Numis Corporation Plc. Reflecting the combined strength and reputations of both brands in the UK and internationally, together they are pleased to introduce 'Deutsche Numis', a leading force in UK investment banking and the adviser of choice for UK listed companies .

The transaction accelerates Deutsche Bank's Global Hausbank strategy to become the first point of contact for clients in financial services and will unlock a deeper engagement with corporates across the UK. Deutsche Numis will serve more than 170 corporate broking clients and will continue to broaden its relationships with existing and new clients by delivering comprehensive financial and advisory solutions to support their ambitions.

Deutsche Numis will assume a leading position across advisory services, corporate broking, and ECM - including IPOs, research, sales and execution. As part of the Deutsche Bank Group, Deutsche Numis will also be able to offer broader corporate finance capabilities as well as access to a broad international network.

Alex Ham and Ross Mitchinson will become Co-CEOs of Deutsche Numis, reporting to Henrik Johnsson, Co-Head of EMEA Investment Banking at Deutsche Bank and the new Chairman of Deutsche Numis. Luke Savage, former Chairman of Numis, will continue to sit on the Board and work closely with the leadership team.

Fabrizio Campelli, Head of Corporate Bank and Investment Bank at Deutsche Bank said:

" The combination of Deutsche Bank's UK and Ireland corporate finance business with Numis is a perfect partnership and we are delighted to bring the teams together under the new brand, Deutsche Numis. The transaction is strongly aligned to our Global Hausbank strategy, allowing us to expand our reach amongst UK and international corporates in Europe's largest investment banking market, and underlines our long-term commitment to the UK. We are proud to introduce Deutsche Numis as a leading corporate broker in the UK and we look forward to working with Alex, Ross and the rest of the team."

Alex Ham, Co-CEO of Deutsche Numis said, "Deutsche Numis is now a leading force in UK investment banking, building on a long track record of providing innovative financial advice and solutions for ambitious public and private companies, and investors doing business in the UK. We are delighted to now be part of the wider Deutsche Bank Group and are looking forward to working together with our new colleagues across all our businesses."

Ross Mitchinson, Co-CEO of Deutsche Numis said, "Continuing to deliver for our people and our clients will be at the heart of Deutsche Numis and we are confident that the professionalism, high performance, and client service that has long underpinned both companies will only be further enhanced by this combination. We look forward to continuing to build our position in UK investment banking, enhanced by the scale and strength of Deutsche Bank, including the ability to draw on a global industry capability and a broader array of financing solutions."

More information regarding the transaction can be found at https://investor-relations.db.com/ .

Media Contacts

Deutsche Bank Communications

Victoria Garrod

Charlie Olivier

+ 44 20 7547 2409

Deutsche Numis Communications

Noreen Biddle Shah

+44 7711 356 978

FGS Global (PR Adviser to Deutsche Bank)

James Murgatroyd

Charlie Chichester

Rory King

+44 20 7251 3801

FTI Consulting (PR Adviser to Deutsche Numis)

Edward Bridges

Daisy Hall

Ambrose Fullalove

+44 20 3727 1000

Disclaimers

Important notice

This announcement is for information purposes only and is not intended to, and does not, constitute or form part of any offer to sell or subscribe for or any invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the transaction referenced in this announcement or otherwise.

Notice relating to Deutsche Bank

Deutsche Bank AG is a joint stock corporation incorporated with limited liability in the Federal Republic of Germany, with its head office in Frankfurt am Main where it is registered in the Commercial Register of the District Court under number HRB 30 000. Deutsche Bank AG is authorised under German banking law. The London branch of Deutsche Bank AG is registered in the register of companies for England and Wales (registration number BR000005) with its registered address and principal place of business at Winchester House, 1 Great Winchester Street, London EC2N 2DB. Deutsche Bank AG is authorised and regulated by the European Central Bank and the German Federal Financial Supervisory Authority (BaFin). With respect to activities undertaken in the United Kingdom, Deutsche Bank AG is authorised by the Prudential Regulation Authority. It is subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of Deutsche Bank AG's authorisation and regulation by the Prudential Regulation Authority are available from Deutsche Bank AG on request.

Notice relating to Deutsche Numis

Deutsche Numis is the trading name to be used by Deutsche Bank AG, Numis Securities Limited and Numis Europe Limited for the combined UK and Ireland Corporate Finance business.

Cautionary note regarding forward-looking statements

This announcement (including information incorporated by reference into this announcement) may contain certain forward-looking statements with respect to the financial condition, strategies, objectives, results of operations and businesses of Deutsche Bank AG ("Deutsche Bank") and its subsidiaries and subsidiary undertakings (together the "Deutsche Bank Group") and Numis Corporation Plc ("Numis") and its subsidiaries and subsidiary undertakings (together the "Numis Group").

All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Deutsche Bank and the Deutsche Bank Group and Numis and the Numis Group to market risks, statements as to accretion and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions, including as to future potential cost savings, synergies, earnings, cash flow, return on capital employed, production and prospects. These forward-looking statements are identified by their use of terms and phrases such as "aims", "anticipate", "believe", "could", "estimate", "expect", "goals", "hopes", "intend", "may", "objectives", "outlook", "plan", "probably", "project", "risks", "seek", "should", "target", "will", "would" and similar terms and phrases.

By their very nature, forward-looking statements involve risks and uncertainties. There are a number of factors that could affect the future operations of Deutsche Bank and the Deutsche Bank Group and Numis and the Numis Group and could cause those results to differ materially from those expressed in the forward-looking statements included in this announcement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which the Deutsche Bank Group and/or the Numis Group derives a substantial portion of its revenues and in which the Deutsche Bank Group and/or the Numis Group holds a substantial portion of its assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of Deutsche Bank's and/or Numis' strategic initiatives, the reliability of Deutsche Bank's and/or Numis' risk management policies, procedures and methods, and other risks referenced in Deutsche Bank's and/or Numis' filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in Deutsche Bank's SEC Form 20-F of 17 March 2023 under the heading "Risk Factors" (available at https://investor-relations.db.com/ ). These factors also should be considered by the reader.

No profit forecasts or estimates

No statement in this announcement is intended as a profit forecast or estimate for any period and no statement in this announcement should be interpreted to mean that earnings or earnings per share for Deutsche Bank for the current or future financial years would necessarily match or exceed the historical published earnings or earnings per share for Deutsche Bank.

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