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July 05, 2006

Michael Reuther joins Commerzbank's management board

At its meeting today, Commerzbank's supervisory board appointed Michael Reuther (47) to the bank's board of managing directors. The exact date upon which he will take up his duties has still to be fixed. Mr. Reuther, a treasury expert, comes from Deutsche Bank and will be responsible for Group Treasury at Commerzbank. He has worked for Deutsche Bank since 1987, where - after several years in New York and London - he has been active as head of European treasury operations in recent years, based in Frankfurt. He was also responsible for global funding activities.

Klaus M. Patig, who has been in charge of this area, among others, will be retiring from the board at the end of next January when he turns 63. Until that time, Mr. Patig will continue to bear responsibility for Group Treasury as well as for Human Resources and Legal Services.