Notice to Shareholders

LONDON--(BUSINESS WIRE)--

db x-trackers II

Investment Company with Variable Capital

Registered office: 49, avenue J.F. Kennedy, L-1855 Luxembourg

R.C.S. Luxembourg B-124.284

(the “Company”)

IMPORTANT NOTICE TO SHAREHOLDERS OF THE FOLLOWING SUB-FUNDS:

db x-trackers II IBOXX GBP LIQUID CORPORATE UCITS ETF

db x-trackers II UK GILTS SHORT DAILY UCITS ETF

db x-trackers II US TREASURIES SHORT DAILY UCITS ETF

db x-trackers II IBOXX £ GILTS 1-5 UCITS ETF

db x-trackers II IBOXX £ GILTS UCITS ETF

db x-trackers II IBOXX UK GILT INFLATION-LINKED UCITS ETF

(each a “Sub-Fund” and together the “Sub-Funds”)

29 July 2016

This notice is to inform the Shareholders of the Company on behalf of the board of directors of the Company (the “Board of Directors”) about recent developments in respect of the Sub-Fund(s) in which you hold Shares.

Capitalised terms used in this notice shall have the same meaning ascribed to them in the latest version of the prospectus of the Company (the “Prospectus”) unless the context otherwise requires.

The Board of Directors has resolved to close the Sub-Funds with effect from 6 September 2016 (the “Termination Date”) as set out in the table below and to proceed with the compulsory redemption of all outstanding shares of the Sub-Funds in accordance with the applicable provisions of the Articles of Incorporation and Prospectus (the “Terminations”). The last Net Asset Value of the Sub-Funds will be calculated as of 6 September 2016.

The Board of Directors deems it appropriate to close the Sub-Funds because they have demonstrated sustained small levels of demand. This will allow the Board of Directors to focus on key areas of growth, thereby better securing the needs of Shareholders of the Sub-Funds in general.

Name of sub-fund	ISIN	Stock Exchange from which the Sub-Fund is to be de-listed	Last Trading Day on Stock Exchange from which the Sub-Fund is to be de-listed	Applicable Cut-Off Date for primary market orders	Termination Date
db x-trackers II IBOXX GBP LIQUID CORPORATE UCITS ETF	LU0675343288	London Stock Exchange	30 August 2016	31 August 2016	6 September 2016
db x-trackers II UK GILTS SHORT DAILY UCITS ETF	LU0429459430	London Stock Exchange	30 August 2016	31 August 2016	6 September 2016
db x-trackers II US TREASURIES SHORT DAILY UCITS ETF	LU0429458622	London Stock Exchange	30 August 2016	31 August 2016	6 September 2016
db x-trackers II IBOXX £ GILTS 1-5 UCITS ETF	LU0429458978	London Stock Exchange	30 August 2016	31 August 2016	6 September 2016
db x-trackers II IBOXX £ GILTS UCITS ETF	LU0321464066	London Stock Exchange	30 August 2016	31 August 2016	6 September 2016
db x-trackers II IBOXX UK GILT INFLATION-LINKED UCITS ETF	LU0321464223	London Stock Exchange	30 August 2016	31 August 2016	6 September 2016

Trading of the Sub-Funds on the London Stock Exchange will cease with effect from close of trading on 30 August 2016 (the "Last Trading Day"). Therefore, sale or purchase of Shares in the Sub-Funds in the secondary market may only be made until close of trading on 30 August 2016. For the avoidance of doubt the secondary market includes both trades on the London Stock Exchange and any over-the-counter trades.

Requests for subscription and redemption for Shares in the Sub-Funds in the primary market, where applicable, may be made in the usual manner for processing in accordance with the Prospectus until the applicable cut-off on 31 August 2016. However, the liquidation costs will be taken into account in the Redemption Price. After the applicable cut-off on 31 August 2016, no further redemptions and subscriptions will be accepted.

The following terms and conditions of the compulsory redemptions have been determined in accordance with article 21 of the Articles of Incorporation and shall apply as of the Termination Date:

1. each Sub-Fund shall be liquidated and the Redemption Price for each Class of Shares of each of the Sub-Funds will be determined by reference to the Net Asset Value of the respective Class of Shares of each Sub-Fund as of the Termination Date (the “Reference NAV”). The Reference NAV will take into account, amongst other expenses, all costs resulting from the anticipated realisation and liquidation of the remaining investments of each of the Sub-Funds;

2. no Redemption Charge will be applied;

3. the Redemption Proceeds will be paid in the relevant Reference Currency;

4. the payment of the Redemption Proceeds to the registered Shareholders and the clearing agents, resulting from the compulsory redemption, will take place at the latest 10 Luxembourg Business Days after the Termination Date (the “Payment Date”). It should be noted that payment of the Redemption Proceed to Shareholders who hold shares via intermediaries may take longer than 10 Luxembourg Business Day; and

5. the Redemption Proceeds relating to Shares for which payment to Shareholders could not be made, will be deposited with the Caisse de Consignation in Luxembourg on behalf of the persons entitled thereto as soon as possible after the Payment Date and in any event before the closure of the liquidation procedure.

Shareholders who subscribe or redeem Shares in any of the Sub-Funds on the primary market, where applicable, are entitled to redeem their Shares in any of the Sub-Funds in accordance with the Prospectus as indicated above. Please note that the Company does not charge any redemption fee for the sale of Shares in the secondary market. Orders to sell Shares through a stock exchange can be placed via an authorised intermediary or stockbroker. However, Shareholders should note that orders in the secondary market may incur costs over which the Company has no control and to which the above disapplication of the Redemption Charge does not apply.

Any further information in relation to the Terminations may be obtained from the legal entities mentioned under ‘Contact information’ below, the offices of foreign representatives or by sending an email to [e-mail].

If, after reading this notice, you have further questions then please do not hesitate to contact the db X-trackers ETF hotline on [phone] or [phone].

Shareholders should consult their own professional advisers as to the specific tax implications of the Terminations under the laws of the countries of their nationality, residence, domicile or incorporation.

If you have any queries or if any of the above is not clear you should seek advice from your stockbroker, bank manager, legal adviser, accountant or other independent financial advisor.

db x-trackers II

The Board of Directors

Contact information

db x-trackers II

49, avenue J.F. Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg

Deutsche Asset Management S.A.

2, boulevard Konrad Adenauer, L-1115 Luxembourg, Grand Duchy of Luxembourg

Category Code: MSCU

Sequence Number: 538211

Time of Receipt (offset from UTC): 20160720T162946+0100