DGAP-Adhoc: SoFFin, Allianz and Commerzbank intend to strengthen the new Commerzbank’s equity

| Source: EQS Group AG EQS Group AG 

Commerzbank AG / Corporate Action/Acquisition

08.01.2009 

Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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  - Additional equity of EUR 10 billion

  - Core capital ratio of the new bank to be approximately 10%

  - Federal Government with 25% plus one share major shareholder in the new
    Commerzbank 

  - Closing of Dresdner Bank acquisition near completion

  - Allianz strengthens the capital of Dresdner Bank by EUR 1.45 billion

The German Government’s Financial Markets Stabilization Fund (SoFFin),
Allianz and Commerzbank intend to strengthen the equity of Dresdner Bank
and Commerzbank. The planned capital measures will increase the new
Commerzbank’s core capital ratio (Tier 1, HGB) to approximately 10%.
Against the background of the intensified financial crisis, the new bank
will thus be enabled to meet the substantially higher capital requirements
for banks. 

SoFFin intends to provide additional equity totalling EUR 10 billion to the
new Commerzbank. This will be realized by issuing roughly 295 million
ordinary shares, plus a silent participation of approximately EUR 8.2
billion. A price of EUR 6 per share has been agreed. After the transaction,
the Federal Government will hold a stake of 25 % plus one share in the new
Commerzbank. The terms of the silent participation are similar to those
offered to Commerzbank in December. The Federal Government is clarifying
all further details with the EU Commission.

With the completion of the takeover, it is also intended that Allianz will
boost Dresdner Bank’s capital by EUR 1.45 billion by transferring
collateralized debt obligations (CDOs) to Allianz with a nominal value of
EUR 2 billion at a purchase price of EUR 1.1 billion. For the new
Commerzbank, this will lead to a reduction in RWAs of EUR 17.5 billion and
therewith a release of capital of EUR 700 million according to Basel II.
Furthermore Allianz will subscribe for a silent participation of EUR 750
million.

The closing of the Dresdner Bank acquisition is therefore near completion.
The planned measures are subject to the approval by the appropriate Boards.






Commerzbank AG
Group Communications
Telephone +49 69 1 36-2 28 30
pressestelle@commerzbank.com




DGAP 08.01.2009 
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Language:     English
Issuer:       Commerzbank AG
              Kaiserplatz
              60261 Frankfurt am Main
              Deutschland
Phone:        +49 (069) 136 20
Fax:          -
E-mail:       ir@commerzbank.com
Internet:     www.commerzbank.de
ISIN:         DE0008032004
WKN:          803200
Indices:      DAX, CDAX, HDAX, PRIMEALL
Listed:       Regulierter Markt in Berlin, Frankfurt (Prime Standard),
              Hannover, München, Hamburg, Düsseldorf, Stuttgart;
              Terminbörse EUREX; Foreign Exchange(s) London, SWX
End of News                                     DGAP News-Service
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