NOTICE N.º 0868/06
We hereby inform that, on 15th September, 2006, the following issues of warrants were registered, issued by Commerzbank Aktiengesellshaft:
| Code | Name | Quantity |
| KC7UWP | Warrants s/ Adidas - Call - 38 EUR - 13.12.2006 | 2.500.000 |
| KC7VWP | Warrants s/ Adidas - Call - 40 EUR - 14.03.2007 | 2.500.000 |
| KC7WWP | Warrants s/ Allianz AG - Call - 135 EUR - 14.03.2007 | 2.500.000 |
| KC7XWP | Warrants s/ Allianz AG - Call - 140 EUR - 14.03.2007 | 2.500.000 |
| KC7YWP | Warrants s/ BCP - Call - 2,4 EUR - 14.12.2006 | 2.500.000 |
| KC7ZWP | Warrants s/ BCP - Call - 2,5 EUR - 15.03.2007 | 2.500.000 |
| KC81WP | Warrants s/ BCP - Call - 2,6 EUR - 15.03.2007 | 2.500.000 |
| KC82WP | Warrants s/ BCP - Put - 2,4 EUR - 14.12.2006 | 2.500.000 |
| KC83WP | Warrants s/ BCP - Put - 2,2 EUR - 15.03.2007 | 2.500.000 |
| KC84WP | Warrants s/ CAC 40 - Call - 5200 EUR - 13.12.2006 | 2.500.000 |
| KC85WP | Warrants s/ CAC 40 - Call - 5400 EUR - 13.12.2006 | 2.500.000 |
| KC86WP | Warrants s/ CAC 40 - Put - 5000 EUR - 13.12.2006 | 2.500.000 |
| KC87WP | Warrants s/ DaimlerChrysler - Call - 42 EUR - 13.12.2006 | 2.500.000 |
| KC88WP | Warrants s/ DaimlerChrysler - Call - 44 EUR - 13.12.2006 | 2.500.000 |
| KC89WP | Warrants s/ DaimlerChrysler - Call - 45 EUR - 14.03.2007 | 2.500.000 |
| KC8AWP | Warrants s/ Dax30 - Call - 6000 EUR - 14.03.2007 | 2.500.000 |
| KC8BWP | Warrants s/ Dax30 - Call - 6200 EUR - 14.03.2007 | 2.500.000 |
| KC8CWP | Warrants s/ Dax30 - Put - 5600 EUR - 14.03.2007 | 2.500.000 |
| KC8DWP | Warrants s/ Dax30 - Put - 5800 EUR - 14.03.2007 | 2.500.000 |
| KC8EWP | Warrants s/ Deutsche Telekom - Call - 12 EUR - 13.12.2006 | 2.500.000 |
| KC8FWP | Warrants s/ Deutsche Telekom - Call - 12 EUR - 14.03.2007 | 2.500.000 |
| KC8GWP | Warrants s/ Deutsche Telekom - Call - 13 EUR - 14.03.2007 | 2.500.000 |
| KC8HWP | Warrants s/ Deutsche Telekom - Put - 11 EUR - 13.12.2006 | 2.500.000 |
| KC8IWP | Warrants s/ EDP - Call - 3,2 EUR - 14.12.2006 | 2.500.000 |
| KC8JWP | Warrants s/ EDP - Call - 3,3 EUR - 15.03.2007 | 2.500.000 |
| KC8KWP | Warrants s/ EDP - Put - 3 EUR - 14.12.2006 | 2.500.000 |
| KC8LWP | Warrants s/ EUR/USD - Call - 1,26 USD - 07.03.2007 | 2.500.000 |
| KC8MWP | Warrants s/ EUR/USD - Call - 1,28 USD - 07.03.2007 | 2.500.000 |
| KC8NWP | Warrants s/ EUR/USD - Call - 1,3 USD - 07.03.2007 | 2.500.000 |
| KC8OWP | Warrants s/ EUR/USD - Call - 1,32 USD - 07.03.2007 | 2.500.000 |
| KC8PWP | Warrants s/ EUR/USD - Put - 1,26 USD - 07.03.2007 | 2.500.000 |
| KC8QWP | Warrants s/ EUR/USD - Put - 1,24 USD - 07.03.2007 | 2.500.000 |
| KC8RWP | Warrants s/ France Telecom - Call - 17 EUR - 14.03.2007 | 2.500.000 |
| KC8SWP | Warrants s/ France Telecom - Call - 19 EUR - 14.03.2007 | 2.500.000 |
| KC8TWP | Warrants s/ France Telecom - Put - 16,5 EUR - 14.03.2007 | 2.500.000 |
| KC8UWP | Warrants s/ Google - Call - 400 USD - 14.12.2006 | 2.500.000 |
| KC8VWP | Warrants s/ Google - Call - 420 USD - 15.03.2007 | 2.500.000 |
| KC8WWP | Warrants s/ Google - Put - 360 USD - 14.12.2006 | 2.500.000 |
| KC8XWP | Warrants s/ IBEX35 - Call - 12200 EUR - 13.12.2006 | 2.500.000 |
| KC8YWP | Warrants s/ IBEX35 - Call - 12500 EUR - 13.12.2006 | 2.500.000 |
| KC8ZWP | Warrants s/ IBEX35 - Put - 12000 EUR - 13.12.2006 | 2.500.000 |
| KC91WP | Warrants s/ Microsoft - Call - 26 USD - 14.12.2006 | 2.500.000 |
| KC92WP | Warrants s/ Microsoft - Call - 28 USD - 15.03.2007 | 2.500.000 |
| KC93WP | Warrants s/ Microsoft - Call - 30 USD - 15.03.2007 | 2.500.000 |
| KC94WP | Warrants s/ Microsoft - Put - 25 USD - 14.12.2006 | 2.500.000 |
| KC95WP | Warrants s/ Nasdaq100 - Call - 1550 USD - 13.12.2006 | 2.500.000 |
| KC96WP | Warrants s/ Nasdaq100 - Call - 1600 USD - 13.12.2006 | 2.500.000 |
| KC97WP | Warrants s/ Nasdaq100 - Call - 1600 USD - 14.03.2007 | 2.500.000 |
| KC98WP | Warrants s/ Nasdaq100 - Call - 1700 USD - 14.03.2007 | 2.500.000 |
| KC99WP | Warrants s/ Nasdaq100 - Put - 1500 USD - 14.03.2007 | 2.500.000 |
| KC9AWP | Warrants s/ Nikkei225 - Call - 16000 JPY - 07.03.2007 | 2.500.000 |
| KC9BWP | Warrants s/ Nikkei225 - Call - 17000 JPY - 07.03.2007 | 2.500.000 |
| KC9CWP | Warrants s/ Nikkei225 - Call - 17500 JPY - 07.03.2007 | 2.500.000 |
| KC9DWP | Warrants s/ Nikkei225 - Put - 15000 JPY - 07.03.2007 | 2.500.000 |
| KC9EWP | Warrants s/ Nokia - Call - 15 EUR - 14.12.2006 | 2.500.000 |
| KC9FWP | Warrants s/ Nokia - Call - 16 EUR - 14.12.2006 | 2.500.000 |
| KC9GWP | Warrants s/ Nokia - Call - 17 EUR - 14.12.2006 | 2.500.000 |
| KC9HWP | Warrants s/ Nokia - Call - 16 EUR - 15.03.2007 | 2.500.000 |
| KC9IWP | Warrants s/ Nokia - Call - 17 EUR - 15.03.2007 | 2.500.000 |
| KC9JWP | Warrants s/ Nokia - Call - 18 EUR - 15.03.2007 | 2.500.000 |
| KC9KWP | Warrants s/ Nokia - Put - 15 EUR - 14.12.2006 | 2.500.000 |
| KC9LWP | Warrants s/ Petroleo Brasileiro ADR - Call - 90 USD - 15.03.2007 | 2.500.000 |
| KC9MWP | Warrants s/ Repsol SA - Call - 21,5 EUR - 14.12.2006 | 2.500.000 |
| KC9NWP | Warrants s/ Repsol SA - Call - 23 EUR - 14.12.2006 | 2.500.000 |
| KC9OWP | Warrants s/ Repsol SA - Call - 22,5 EUR - 15.03.2007 | 2.500.000 |
| KC9PWP | Warrants s/ Repsol SA - Call - 24 EUR - 15.03.2007 | 2.500.000 |
| KC9QWP | Warrants s/ Repsol SA - Put - 21 EUR - 14.12.2006 | 2.500.000 |
| KC9RWP | Warrants s/ Siemens AG - Call - 70 EUR - 13.12.2006 | 2.500.000 |
| KC9SWP | Warrants s/ Siemens AG - Call - 75 EUR - 15.03.2007 | 2.500.000 |
| KC9TWP | Warrants s/ Telefonica - Call - 13 EUR - 14.12.2006 | 2.500.000 |
| KC9UWP | Warrants s/ Telefonica - Call - 13,5 EUR - 14.12.2006 | 2.500.000 |
| KC9VWP | Warrants s/ Telefonica - Call - 13,5 EUR - 15.03.2007 | 2.500.000 |
| KC9WWP | Warrants s/ Telefonica - Call - 14 EUR - 15.03.2007 | 2.500.000 |
| KC9XWP | Warrants s/ Telefonica - Put - 12,8 EUR - 14.12.2006 | 2.500.000 |
| KC9YWP | Warrants s/ Yahoo - Call - 30 USD - 14.12.2006 | 2.500.000 |
| KC9ZWP | Warrants s/ Yahoo - Call - 32 USD - 14.12.2006 | 2.500.000 |
| KCO1WP | Warrants s/ Yahoo - Call - 30 USD - 15.03.2007 | 2.500.000 |
| KCO2WP | Warrants s/ Yahoo - Call - 33 USD - 15.03.2007 | 2.500.000 |
| KCO3WP | Warrants s/ Yahoo - Put - 26 USD - 14.12.2006 | 2.500.000 |
INTERBOLSA, 15th September, 2006