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January 13, 2011

Successful placement of approximately 118 million shares of Commerzbank


Today, a syndicate of banks comprising Credit Suisse, Citigroup, Goldman Sachs and UBS placed 118.135291 million shares of Commerzbank – equivalent to 10% minus one share of the current share capital of Commerzbank AG – with institutional investors. The placement price was fixed at € 5.30 per share. The issue was multiple times oversubscribed.


This share placement was executed in connection with a Commerzbank’s capital management initiative announced by the bank today through which hybrid equity instruments (Trust Preferred Securities) issued by Commerzbank Group companies are to be contributed in kind in exchange for the issue of Commerzbank shares.


The placement of the shares is subject to the condition that Commerzbank’s capital increase by means of a contribution in kind will be executed. The necessary resolutions, including the ultimate size of the capital increase, are expected to be adopted by the Board of Managing Directors and the Supervisory Board on January 21, 2011. The settlement of the transaction is expected to take place on January 26, 2011.


The German Financial Market Stabilisation Fund (SoFFin) intends to continue to maintain its equity interest ratio in Commerzbank (25% plus one share) upon completion of the transaction. For this purpose, a corresponding portion of the silent participations held by SoFFin is intended to be converted into shares, using the conditional capital authorized in the 2009 Annual Meeting of Shareholders.


Press contact:
Reiner Rossmann +49 69 136 46646
Maximilian Bicker +49 69 136 28696


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About Commerzbank

Commerzbank is the leading bank for private and corporate clients in Germany. With the segments Private Clients, Mittelstandsbank, Corporates & Markets, Central & Eastern Europe as well as Asset Based Finance, the bank offers its customers an attractive product portfolio, and is a strong partner for the export-oriented SME sector in Germany and worldwide. With a total of some 1,200 branches, Commerzbank has the densest network of branches among German private banks. It has above 60 sites in more than 50 countries and serves approximately 14 million private clients as well as 1 million business and corporate clients. In 2009, it posted gross revenues of EUR 10.9 billion with some 63,000 employees.


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Disclaimer

This release contains statements concerning the expected future business of Commerzbank, efficiency gains and expected synergies, expected growth prospects and other opportunities for an increase in value of the company as well as expected future net income per share, restructuring costs and other financial developments and information. These forward-looking statements are based on management's current expectations, estimates and projections. They are subject to a number of assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from any future results and developments expressed or implied by such forward-looking statements. Commerzbank has no obligation to periodically update or release any revisions to the forward-looking statements contained in this release to reflect events or circumstances after the date of this release.

This release does not constitute an offer to sell or a solicitation of an offer to buy shares of Commerzbank. Shares of Commerzbank may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Commerzbank does not intend to conduct a public offering of shares in the United States.

Contact

kontakt

pressestelle@ commerzbank.com

Phone:
+49(0)69-136-22830

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