Deutsche Bank AG UK Regulatory Announcement: Important Notice to DB ETC plc Shareholders

LONDON–(BUSINESS WIRE)–

IMPORTANT NOTICE TO SECURITYHOLDERS

by

DB ETC plc

(the “Transmitter”)

under its secured ETC precious metals linked securities program

compared to his

Series 1 Xtrackers Physical Gold ETC (ISIN: GB00B5840F36) and

Series 13 Xtrackers Physical Gold GBP Hedged ETC (ISIN: GB00B68FL050)

(together the “Titles”)

RECLASSIFICATION OF THE CASH FLOW STATEMENT

Capitalized terms used herein shall have the meanings given to them in the Master Terms of the Notes as set out in the Issuer’s Base Prospectus dated 26 April 2021.

In the Company’s financial statements as at December 31, 2020, certain of the 2019 comparative amounts in the statement of cash flows have been reclassified. It was revealed in these financial statements that “In the statement of cash flows, some of the 2019 comparable amounts have been reclassified as additional non-cash flow information. This is not considered to be a material or significant change for the purposes of the users of these financial statements.‘.

Following a review of these financial statements by the Irish Accounting and Auditing Supervisory Authority (IAASA), Ireland’s accounting authority, the Directors have now concluded that:

a) the reclassification of certain of the 2019 comparative amounts in the statement of cash flows is a material item, and

(b) the information provided in the Company’s financial statements as at 31 December 2020 in this regard does not fully comply with the requirements of paragraph 49 of IAS 8 Accounting Methods, Changes in Accounting Estimates and Errors.

Paragraph 49 of IAS 8 requires that, when correcting a prior period error by retrospective restatement, an entity discloses the nature of the prior period error and the amount of the correction for each financial statement line item. affected.

The Directors note that all transactions are effected by physical exchange, which means that for every amount of ETC securities issued/transferred, a corresponding amount of metals will be exchanged. Therefore, there is no real cash flow. The reclassification had no impact on the Company’s reported free cash flow.

The disclosures required by paragraph 49 of IAS 8 regarding reclassification are presented below.

All transactions are carried out by physical exchange, which means that for every amount of ETC securities issued/transferred, a corresponding amount of metals will be exchanged. Therefore, there is no real cash flow. Amounts previously presented as cash flows have been reclassified and are now presented as non-cash transactions.

The amount of the correction for each affected financial statement item is shown in the following table.

2019

Like before

declared

Reprocessing

As reworded

Cash flow from operating activities

Profit before tax

0

0

0

Adjustments for:

Increase in other receivables

(4,408,022)

0

(4,408,022)

Increase in other debts

4,408,022

0

4,408,022

Net fair value gain on inventory at fair value less costs to sell and metal

bullion owed by program counterparty at fair value

(1,083,848,615)

(1,083,848,615)

0

Net fair value loss on financial liabilities designated at fair value through profit or loss

1,083,848,615

1,083,848,615

0

Net cash from operating activities

0

0

Cash flow from investing activities

Purchase of inventory

(3,514,550,366)

(3,514,550,366)

0

Proceeds from disposal of inventory

2,205,913,763

2,205,913,763

0

Net cash generated by operating activities

(1,308,636,603)

0

Cash flow from financing activities

Proceeds from the issuance of designated financial liabilities

at fair value through profit or loss

3,514,550,366

3,514,550,366

0

Reimbursement of financial liabilities designated at fair value through profit or loss

(2,205,913,763)

(2,205,913,763)

0

Net cash used in financing activities

1,308,636,603

0

Movement of cash and cash equivalents

0

0

Cash and cash equivalents at the beginning of the year

2

2

Cash and cash equivalents at the end of the year

2

2

Notices to Noteholders are validly delivered to the Clearing System(s) for communication by the Clearing System(s) to Noteholders.

If you are not the ultimate beneficial owner of the Securities, or if you have recently transferred the Securities, please forward this notice to the ultimate beneficial owner or purchaser, respectively.

Securityholders with questions regarding this notice may direct them to the following email: [email protected]

DB ETC plc

April 05, 2022

Category Code: MSCM

Sequence number: 798100

Received time (offset from UTC): 20220405T095547+0100

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