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February 26, 2009

Core capital ratio after completion of the Dresdner Bank takeover unchanged at approx. 10%

Taking into account Dresdner Bank's preliminary results for Q4 and the full year 2008 published today, the core capital ratio (Tier 1) of the new Commerzbank remains unchanged at around 10% (calculated as at January 1, 2009), following the takeover of Dresdner Bank that closed in January 2009. This number accounts for the funds approved by SoFFin and Allianz in 2009 as well as the announced sale of a portfolio of Collateralised Debt Obligations previously owned by Dresdner Bank to Allianz.

Without calculating for the funds from SoFFin and Allianz approved in January 2009 and the sale of the portfolio of Collateralised Debt Obligations, Commerzbank's respective core capital ratio (Tier 1) would stand at approximately 7%.

The calculation of the aforementioned core capital ratio is based on the preliminary results of Dresdner Bank which were announced today.

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