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April 08, 2002

Commerzbank: 0.40 euro dividend and capital-raising measures

At its meeting on April 8, Commerzbank's supervisory board approved the financial statements for 2001. Despite a lower consolidated net profit of 102m euros, the bank will propose a dividend payment of 0.40 euros per share to its shareholders at the annual general meeting on May 31. With this dividend, which is half of the amount paid last year, it is offering shareholders a current return on their investment, while also expressing its confidence that the bank will successfully achieve a turnaround in its earnings.

To enable the bank to adjust its equity flexibly to its business needs at all times and to exploit attractive market opportunities, shareholders will be requested at the AGM to approve the issue of a maximum of 25m new shares and also a maximum of 1bn euros of profit-sharing certificates. In addition, shareholders are being requested once again to authorize the bank to repurchase up to 10% of its own shares.


Note:

The complete financial statements for 2001, including the annual report, will be presented at a press conference for this purpose in Frankfurt on April 9, at 10.30 a.m. The address by the chairman of the bank's management board, Klaus-Peter Müller, will also be broadcast live on the internet (www.commerzbank.com).

The analysts' conference will take place on April 10, at 10.30 a.m.. It will also be broadcast live on the internet.



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