TOWERS WATSON & CO

CUSIP: 891894107 Class: CL A

DEUTSCHE BANK AG\'s Holding History (CIK: 0000948046)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015
Shares 437,347 Value ($000) $56,179 Avg Close — Range —
Q3 2015
Shares 510,887 Value ($000) $59,966 Avg Close — Range —
Q2 2015
Shares 392,029 Value ($000) $49,315 Avg Close — Range —
Q1 2015
Shares 382,035 Value ($000) $50,496 Avg Close — Range —
Q4 2014
Shares 283,182 Value ($000) $32,046 Avg Close — Range —
Q3 2014
Shares 376,092 Value ($000) $37,418 Avg Close — Range —
Q2 2014
Shares 217,616 Value ($000) $22,679 Avg Close — Range —
Q1 2014
Shares 202,709 Value ($000) $23,116 Avg Close — Range —
Q4 2013
Shares 312,760 Value ($000) $39,909 Avg Close — Range —
Q3 2013
Shares 599,349 Value ($000) $64,104 Avg Close — Range —