NOTICE N.º 0038/07
We hereby inform that, on 15th January, 2007, the following issues of warrants were registered, issued by Commerzbank Aktiengesellshaft:
| Code | Name | Quantity |
| KCS1WP | Warrants Estruturados sobre DAX - Call - 6.550 EUR - 23.02.2007 | 5.000.000 |
| KCS2WP | Warrants Estruturados sobre DAX - Call - 6.600 EUR - 23.02.2007 | 5.000.000 |
| KCS3WP | Warrants Estruturados sobre DAX - Put - 6.850 EUR - 21.03.2007 | 5.000.000 |
INTERBOLSA, 15th January, 2007