Important: This document is issued in Singapore by Deutsche Bank AG, acting through its Singapore branch. For Singapore regulatory purposes, Xtrackers (the “Company”) is the responsible person for the ETFs. This document is for informational purposes only and does not create any legally binding obligations on the part of Deutsche Bank AG and/or its affiliates (“DB”). Without limitation, this document does not constitute an offer, an invitation to offer or a recommendation to enter into any transaction. When making an investment decision, you should rely solely on the final documentation relating to the transaction and not the summary contained herein. DB is not acting as your financial adviser or in any other fiduciary capacity. The transaction(s) or products(s) mentioned herein may not be appropriate for all investors and before entering into any transaction you should take steps to ensure that you fully understand the transaction and have made an independent assessment of the appropriateness of the transaction in the light of your own objectives and circumstances, including the possible risks and benefits of entering into such transaction. You should refer to the latest version of the Singapore prospectus issued by the Company (“Singapore Prospectus”) for details before deciding whether to invest in shares of the relevant ETF. Copies of the Singapore Prospectus are available at www.etf.db.com/sg and may also be obtained from the Singapore Representative (Deutsche Securities Asia Limited, Singapore Branch). You should also consider seeking advice from your own advisers in making this assessment. If you decide to enter into a transaction with DB, you do so in reliance on your own judgment. The information contained in this document is based on material we believe to be reliable; however, we do not represent that it is accurate, current, complete, or error free. Assumptions, estimates and opinions contained in this document constitute our judgment as of the date of the document and are subject to change without notice. Any projections are based on a number of assumptions as to market conditions and there can be no guarantee that any projected results will be achieved. Investment in the ETFs involves risks, including the possible loss of the principal amount invested. The value of the shares and the income from the ETFs may fall as well as rise. Past performance of Deutsche Bank AG, any ETF and/or any other person referred to in this document and any opinions, forecasts, assumptions, estimates made are not necessarily indicative of future or likely performance of Deutsche Bank AG, any ETF and/or any other person referred to in this document. You should note further that information and performance of the respective indices should not be used or construed as information or a proxy, prediction, forecast or projection of the performance or future performance of any ETF. An investment in any ETF with a high risk grading as further described in the Singapore Prospectus is only suitable for investors who are able and willing to take such risk. The listing of the shares in any ETF does not guarantee a liquid market for the shares. You may only redeem shares in the relevant ETF with the Company under certain specified conditions as described in the Singapore Prospectus. The ETF may enter in over-the-counter derivative transactions such as swap(s) which will expose the relevant ETF to the credit risk of the counterparties to such transactions. The NAV of the relevant ETF may have a high volatility due to its investment objectives, policies or portfolio management techniques. Please refer to the Singapore Prospectus for more details. The swap counterparty is currently Deutsche Bank AG. This may give rise to potential conflicts of interest. Information on the creditworthiness of Deutsche Bank AG can be found at www.db.com.