COMMERZBANK AG STOCK EXCHANGE RELEASE 22 MARCH, 2007 COMMERZBANK AG HAS ESTABLISHED A BASE PROSPECTUS FOR ISSUANCE OF STANDARD AND TURBO WARRANTS AND ISSUES 26 NEW STANDARD WARRANTS AND TURBO WARRANTS ON DAX INDEX AND NOKIA OYJ SHARE Commerzbank AG (“Commerzbank”), Germany's leading issuer of structured products, has established a new base prospectus for standard warrants (“Warrants”) and turbo warrants (“TURBO Warrants”) dated 13 March, 2007 (“Base Prospectus”) and issues a total of 26 new European Warrants and TURBO Warrants on the Helsinki Stock Exchange. The Warrants and the TURBO Warrants will be subject to public trading on the Helsinki Stock Exchange as of March 26, 2007. The underlying asset of the Warrants will be the NOKIA OYJ share and the underlying asset of the TURBO Warrants will be the DAX Index and the NOKIA OYJ share. The issue includes 6 TURBO CALL Warrants and 9 TURBO PUT Warrants as well as 7 CALL Warrants and 4 PUT Warrants (no Asian tail). The Warrants and the TURBO Warrants will be issued under the new Commerzbank's Base Prospectus dated 13 March, 2007. The listing particulars in the Base Prospectus and the Final Terms are available as of today at the Commerzbank warrant website at www.warrants.commerzbank.com and at the office of the Helsinki Stock Exchange at Fabianinkatu 14, Helsinki. For more information, please contact Commerzbank's warrant hotline 0800-199988, or visit the website: www.warrants.commerzbank.com. Market making for the Warrants and TURBO Warrants issued by Commerzbank will be provided by Commerzbank under normal market conditions during opening hours of the Helsinki Stock Exchange. In the case where a TURBO Warrant reaches the knock-out level, market making in the TURBO Warrant will end. For more specific information about a knock-out event and potential redemption value, please read the relevant final terms and Base Prospectus available at the Commerzbank warrant website at www.warrants.commerzbank.com. Commerzbank AG will during normal market conditions provide a minimum volume of 1000 Warrants and TURBO Warrants with a maximum spread between BID and ASK price of EUR 0.10 for Warrants and TURBO Warrants with a price that is less than EUR 2 and 5% for Warrants and TURBO Warrants with a price higher than EUR 2. For Warrants and TURBO Warrants with a price less than EUR 0.01, BID prices will not be provided. Commerzbank reserves the right to base the price of the Warrants and TURBO Warrants according to parameters decided by Commerzbank at its own discretion. Trading Commerzbank Warrants and TURBO Warrants: Investors will be able to sell back their Warrants and TURBO Warrants until the closing of the exchange on the expiry date of such Warrants or TURBO Warrants. The investor will be able to buy the Warrants and TURBO Warrants issued by Commerzbank until the closing of the exchange on the day before the expiry date of such Warrants or TURBO Warrants. TURBO Warrants: Underlying Nokia Oyj Type CALL Turbo Strike 15.50 Knock-Out 16.00 Last Trading date 18-May-2007 Parity (1 per underlying) 1 Trading Code 7ENOEW155T ISIN code DE000CB3ANB9 Underlying Nokia Oyj Type CALL Turbo Strike 13.50 Knock-Out 14.00 Last Trading date 18-May-2007 Parity (1 per underlying) 1 Trading Code 7ENOEW135T ISIN code DE000CB3ANC7 Underlying Nokia Oyj Type PUT Turbo Strike 18.50 Knock-Out 18.00 Last Trading date 15-Jun-2007 Parity (1 per underlying) 1 Trading Code 7RN1EW185T ISIN code DE000CB3AND5 Underlying Nokia Oyj Type PUT Turbo Strike 19.50 Knock-Out 19.00 Last Trading date 15-Jun-2007 Parity (1 per underlying) 1 Trading Code 7RNOEW195T ISIN code DE000CB3ANE3 Underlying Nokia Oyj Type PUT Turbo Strike 19.00 Knock-Out 18.50 Last Trading date 21-Sep-2007 Parity (1 per underlying) 1 Trading Code 7UNOKEW19T ISIN code DE000CB3ANF0 Underlying Nokia Oyj Type PUT Turbo Strike 20.00 Knock-Out 19.50 Last Trading date 21-Sep-2007 Parity (1 per underlying) 1 Trading Code 7UNOKEW20T ISIN code DE000CB3ANG8 Underlying Nokia Oyj Type PUT Turbo Strike 19.00 Knock-Out 18.50 Last Trading date 21-Dec-2007 Parity (1 per underlying) 1 Trading Code 7YNOKEW19T ISIN code DE000CB3ANH6 Underlying DAX Type CALL Turbo Strike 6400 Knock-Out 6400 Last Trading date 13-Jun-2007 Parity (1 per underlying) 200 Trading Code 7FDAXEW64T ISIN code DE000CB3ANJ2 Underlying DAX Type CALL Turbo Strike 6500 Knock-Out 6500 Last Trading date 13-Jun-2007 Parity (1 per underlying) 200 Trading Code 7FDAXEW65T ISIN code DE000CB3ANK0 Underlying DAX Type CALL Turbo Strike 6200 Knock-Out 6200 Last Trading date 13-Jun-2007 Parity (1 per underlying) 200 Trading Code 7FDAXEW62T ISIN code DE000CB3ANL8 Underlying DAX Type CALL Turbo Strike 6000 Knock-Out 6000 Last Trading date 13-Jun-2007 Parity (1 per underlying) 200 Trading Code 7FDAXEW60T ISIN code DE000CB3ANM6 Underlying DAX Type PUT Turbo Strike 7100 Knock-Out 7100 Last Trading date 18-Jul-2007 Parity (1 per underlying) 200 Trading Code 7SDAXEW71T ISIN code DE000CB3ANN4 Underlying DAX Type PUT Turbo Strike 7200 Knock-Out 7200 Last Trading date 18-Jul-2007 Parity (1 per underlying) 200 Trading Code 7SDAXEW72T ISIN code DE000CB3ANP9 Underlying DAX Type PUT Turbo Strike 7000 Knock-Out 7000 Last Trading date 18-Jul-2007 Parity (1 per underlying) 200 Trading Code 7SDA1EW70T ISIN code DE000CB3ANQ7 Underlying DAX Type PUT Turbo Strike 7100 Knock-Out 7100 Last Trading date 17-Oct-2007 Parity (1 per underlying) 200 Trading Code 7VDAXEW71T ISIN code DE000CB3ANR5 Warrants: Underlying Nokia Oyj Type European Call Warrant Strike 16.50 Last Trading date 15-Jun-2007 Parity (1 per underlying) 5 Trading Code 7FNOKEW165 ISIN code DE000CB3AMQ9 Underlying Nokia Oyj Type European Call Warrant Strike 17.50 Last Trading date 15-Jun-2007 Parity (1 per underlying) 5 Trading Code 7FNO1EW175 ISIN code DE000CB3AMR7 Underlying Nokia Oyj Type European Call Warrant Strike 18.50 Last Trading date 15-Jun-2007 Parity (1 per underlying) 5 Trading Code 7FNOKEW185 ISIN code DE000CB3AMS5 Underlying Nokia Oyj Type European Put Warrant Strike 16.00 Last Trading date 15-Jun-2007 Parity (1 per underlying) 5 Trading Code 7RNO4EW160 ISIN code DE000CB3AMT3 Underlying Nokia Oyj Type European Put Warrant Strike 15.00 Last Trading date 15-Jun-2007 Parity (1 per underlying) 5 Trading Code 7RNO3EW150 ISIN code DE000CB3AMU1 Underlying Nokia Oyj Type European Call Warrant Strike 17.00 Last Trading date 21-Sep-2007 Parity (1 per underlying) 5 Trading Code 7INO2EW170 ISIN code DE000CB3AMV9 Underlying Nokia Oyj Type European Call Warrant Strike 18.00 Last Trading date 21-Sep-2007 Parity (1 per underlying) 5 Trading Code 7INO4EW180 ISIN code DE000CB3AMW7 Underlying Nokia Oyj Type European Put Warrant Strike 15.00 Last Trading date 21-Sep-2007 Parity (1 per underlying) 5 Trading Code 7UNO3EW150 ISIN code DE000CB3AMX5 Underlying Nokia Oyj Type European Call Warrant Strike 17.00 Last Trading date 21-Dec-2007 Parity (1 per underlying) 5 Trading Code 7LNO1EW170 ISIN code DE000CB3AMY3 Underlying Nokia Oyj Type European Call Warrant Strike 18.00 Last Trading date 21-Dec-2007 Parity (1 per underlying) 5 Trading Code 7LNO2EW180 ISIN code DE000CB3AMZ0 Underlying Nokia Oyj Type European Put Warrant Strike 15.00 Last Trading date 21-Dec-2007 Parity (1 per underlying) 5 Trading Code 7YNO1EW150 ISIN code DE000CB3ANA1
COMMERZBANK AG HAS ESTABLISHED A BASE PROSPECTUS FOR ISSUANCE OF STANDARD AND TURBO WARRANTS AND ISSUES 26 NEW STANDARD WARRANTS AND TURBO WARRANTS
| Source: COMMERZBANK AG