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July 26, 2005

Commerzbank statement on increasing its stake in comdirect bank

Achim Kassow, Commerzbank board member responsible for Retail Banking and Asset Management, as well as chairman of the supervisory board of comdirect bank, welcomed the opportunity to boost Commerzbank¿s stake in its subsidiary:

¿The comdirect bank is obviously on its way up and investing heavily in the expansion of its business. We want to have a better chance to share in these opportunities. But we do not plan to fully integrate comdirect bank into the parent bank. Rather comdirect bank will continue as an independent company under its own brand name while operating successfully within the Commerzbank group.¿

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