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March 28, 2006

Bernd Knobloch appointed to Commerzbank board

Commerzbank's supervisory board approved the bank`s 2005 annual results at its meeting today, fully confirming the figures presented on February 15. The payment of a 0.50 euros per share dividend was proposed for approval at the annual general meeting.

The supervisory board also appointed Bernd Knobloch, 54, as a new member of Commerzbank's board of managing directors effective April 1st. Bernd Knobloch will continue to serve as chairman of the board of Eurohypo, while responsible for Commerzbank's commercial real estate financing in Germany and abroad. In addition he will be responsible for real estate leasing. His appointment coincides with the March 31st closing day of Commerzbank's acquiring a further 49 percent in Eurohypo, bringing the bank's total stake to 98.04 percent.

Klaus-Peter Müller, chairman of Commerzbank's board of managing directors, looks forward to working closely with Mr. Knobloch: "With Bernd Knobloch we add a proven real estate expert to our board. His competence and expert knowledge as well as his management qualities have been successfully demonstrated at Eurohypo. His appointment is at the same time a sign that the integration process of Eurohypo into the Commerzbank is going well and is imbued with a spirit of partnership."


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