What is the blue economy?

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State of Kuwait

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United Arab Emirates

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State of Qatar

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Kingdom of Belgium

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Kingdom of Saudi Arabia

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United Kingdom

This document is a financial promotion and is communicated by Deutsche Bank Wealth Management.

Deutsche Bank Wealth Management is a trading name of DB UK Bank Limited. Registered in England & Wales No. 315841. Registered Office: 23 Great Winchester Street, London, EC2P 2AX. DB UK Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Registration Number 140848. DB UK Bank is a member of the Deutsche Bank Group.

 

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Hong Kong

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Singapore

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United States

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Germany

This information is advertising. The texts do not meet all legal requirements to ensure the impartiality of investment and investment strategy recommendations or financial analyses. There is no prohibition for the compiler or for the company responsible for the compilation to trade with the respective financial instruments before or after the publication of these documents. The information contained in this document does not constitute an investment recommendation, investment advice or a recommendation to act, but is intended solely for information purposes. The information does not replace advice tailored to the individual circumstances of the investor. General information on financial instruments is contained in the brochures "Basic Information on Securities and Other Investments", "Basic Information on Financial Derivatives", "Basic Information on Forward Transactions" and the information sheet "Risks in Forward Transactions", which the customer can request from the Bank free of charge. Forecasts are based on assumptions, estimates, opinions and hypothetical models or analyses. Although, from the Bank's point of view, they are based on adequate information, it may turn out in the future that they are not accurate or correct. Past performance or simulated performance is not a reliable indicator of future performance. Unless otherwise indicated in this document, all statements of opinion reflect the current assessment of Deutsche Bank, which may change at any time. Deutsche Bank assumes no obligation to update the information contained in this document or to notify investors of any available updated information. Deutsche Bank AG is a stock corporation (“Aktiengesellschaft”) incorporated under the laws of the Federal Republic of Germany with principal office in Frankfurt am Main. It is registered with the district court (“Amtsgericht”) in Frankfurt am Main under No HRB 30 000 and licensed to carry on banking business and to provide financial services. Supervisory authorities: The European Central Bank (“ECB”), Sonnemannstrasse 22, 60314 Frankfurt am Main, Germany and the German Federal Financial Supervisory Authority (“Bundesanstalt für Finanzdienstleistungsaufsicht” or “BaFin”), Graurheindorfer Strasse 108, 53117 Bonn and Marie-Curie-Strasse 24- 28, 60439 Frankfurt am Main, Germany.

 

India

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Italy

This report is distributed in Italy by Deutsche Bank S.p.A., a bank incorporated and registered under Italian law subject to the supervision and control of Banca d’Italia and CONSOB.

 

Luxembourg

This report is distributed in Luxembourg by Deutsche Bank Luxembourg S.A., a bank incorporated and registered under Luxembourg law subject to the supervision and control of the Commission de Surveillance du Secteur Financier.

 

Spain

Deutsche Bank, Sociedad Anónima Española is a credit institution regulated by the Bank of Spain and the CNMV and registered in their respective Official Registries under the Code 019. Deutsche Bank, Sociedad Anónima Española may only undertake the financial services and banking activities that fall within the scope of its existing license. The principal place of business in Spain is located in Paseo de la Castellana number 18, 28046 - Madrid. Registered in the Mercantile Registry of Madrid, volume 28100, book 0. Folio 1. Section 8. Sheet M506294. Registration 2. NIF: A08000614. This information has been distributed by Deutsche Bank, Sociedad Anónima Española.

 

Portugal

Deutsche Bank AG, Portugal Branch is a credit institution regulated by the Bank of Portugal and the Portuguese Securities Commission (“CMVM”), registered with numbers 43 and 349, respectively and with commercial registry number 980459079. Deutsche Bank AG, Portugal Branch may only undertake the financial services and banking activities that fall within the scope of its existing license. The registered address is Rua Castilho, 20, 1250-069 Lisbon, Portugal. This information has been distributed by Deutsche Bank AG, Portugal Branch.

 

Austria

This document is distributed by Deutsche Bank AG Vienna Branch, registered in the commercial register of the Vienna Commercial Court under number FN 140266z. Deutsche Bank AG is a public company incorporated under German law and authorized to conduct banking business and provide financial services. It is supervised by the European Central Bank (ECB), Sonnemannstraße 22, 60314 Frankfurt am Main, Germany and by the Federal Financial Supervisory Authority (BaFin), Graurheindorfer Straße 108, 53117 Bonn, Germany and Marie-Curie-Strasse 24-28, 60439 Frankfurt am Main, Germany. The Vienna branch is also supervised by the Austrian Financial Market Authority (FMA), Otto-Wagner Platz 5, 1090 Vienna. This document has neither been submitted to nor approved by the aforementioned supervisory authorities. Prospectuses may have been published for certain of the investments mentioned in this document. In such a case, investment decisions should be made solely on the basis of the published prospectuses, including any annexes. Only these documents are binding. This document constitutes marketing material for informational and promotional purposes only and is not the result of any financial analysis or research.

 

The Netherlands

This document is distributed by Deutsche Bank AG, Amsterdam Branch, with registered address at De entree 195 (1101 HE) in Amsterdam, the Netherlands, and registered in the Netherlands trade register under number 33304583 and in the register within the meaning of Section 1:107 of the Netherlands Financial Supervision Act (Wet op het financieel toezicht). This register can be consulted through www.dnb.nl.

 

France

Deutsche Bank AG is an authorized credit institution, subject to the overall supervision of the European Central Bank and BaFin, the German Federal Financial Supervisory Authority. Its various branches are locally supervised, for certain activities, by the competent banking authorities, such as the Prudential Control and Resolution Authority (The ACPR) and the Financial Markets Authority (The AMF) in France. This document has been prepared for discussion purposes only. It is not a financial analysis document. The opinions expressed in this document may differ from those expressed by other departments of de Deutsche Bank, including the financial analysis department. The manner of circulation and distribution of this document may be restricted by law or regulation in certain countries, including the United States. This document is not intended for distribution to, or use by, any person or entity who is a national of, or resident or located in, any country, state or jurisdiction where such distribution, publication, availability or use would be contrary to applicable laws and regulations or would subject Deutsche Bank AG or any of its subsidiaries to any additional registration or licensing requirements. Persons in possession of this document are required to inform themselves about and observe any such restrictions. This document and the information contained herein do not constitute investment advice, an offer, an inducement or a recommendation to engage in any transaction. This document is not and should not be considered a prospectus. Nothing in this document constitutes financial, legal, tax or other advice and no investment or other decision should be made solely based on this document. Deutsche Bank AG therefore urges potential investors to seek independent advice from their own professional tax, legal, accounting and other advisers as to the appropriateness of the proposed transaction in light of their objectives, financial and operational resources or any other criteria prior to any investment decision, including the potential risks and rewards of the transaction, particularly where it involves foreign currency transactions, investments in countries other than France, high yield fixed income securities, hedge funds, commodities or private equity funds. It is the sole responsibility of potential investors to obtain the documentation (prospectus, Term Sheets, subscription agreement, etc.) and information required to evaluate the investment and the risks involved. Deutsche Bank AG cannot be held responsible for any risks associated with the products mentioned in this document. They may not be suitable for all investors and/or may only be suitable for certain categories of investors. Furthermore, the financial products mentioned in this document are only suitable for investors who have the knowledge and experience to evaluate and bear the risks inherent in an investment, including, financial, political and market risks, as well as the risk of losing the entire amount invested. Past performance is not indicative of future performance and is not consistent over time. Nothing in this document constitutes a representation or warranty as to future performance. Any reproduction, representation, distribution or redistribution, in whole or in part, of the contents of this document in any medium or by any process whatsoever, as well as any sale, resale, retransmission or making available to third parties in any manner whatsoever, is prohibited. This document may not be reproduced or distributed without our written permission.