NOTICE N.º 0306/07
We hereby inform that, on 21th March, 2007, the following issues of warrants, were registered, issued by Commerzbank Aktiengesellshaft:
| Code | Name | Quantity |
| KCYMWP | Warrants sobre CAC 40 - Call - 5.300 EUR - 16.05.2007 | 2.000.000 |
| KCYNWP | Warrants sobre CAC 40 - Call - 5.500 EUR - 16.05.2007 | 2.000.000 |
| KCYOWP | Warrants sobre CAC 40 - Call - 5.700 EUR - 16.05.2007 | 2.000.000 |
| KCYPWP | Warrants sobre CAC 40 - Put - 5.200 EUR - 16.05.2007 | 2.000.000 |
| KCYQWP | Warrants sobre CAC 40 - Call - 5.300 EUR - 13.06.2007 | 2.000.000 |
| KCYRWP | Warrants sobre CAC 40 - Call - 5.500 EUR - 13.06.2007 | 2.000.000 |
| KCYSWP | Warrants sobre CAC 40 - Call - 5.700 EUR - 13.06.2007 | 2.000.000 |
| KCYTWP | Warrants sobre CAC 40 - Put - 5.200 EUR - 13.06.2007 | 2.000.000 |
| KCYVWP | Warrants sobre DAX30 - Call - 6.500 EUR - 18.04.2007 | 2.000.000 |
| KCYYWP | Warrants sobre DAX30 - Call - 6.600 EUR - 18.04.2007 | 2.000.000 |
| KCY1WP | Warrants sobre DAX30 - Call - 6.700 EUR - 18.04.2007 | 2.000.000 |
| KCY2WP | Warrants sobre DAX30 - Put - 6.500 EUR - 18.04.2007 | 2.000.000 |
| KCY3WP | Warrants sobre DAX30 - Call - 6.500 EUR - 16.05.2007 | 2.000.000 |
| KCY4WP | Warrants sobre DAX30 - Call - 6.600 EUR - 16.05.2007 | 2.000.000 |
| KCY5WP | Warrants sobre DAX30 - Call - 6.700 EUR - 16.05.2007 | 2.000.000 |
| KCY6WP | Warrants sobre DAX30 - Put - 6.400 EUR - 16.05.2007 | 2.000.000 |
| KCY7WP | Warrants sobre DAX30 - Call - 6.500 EUR - 13.06.2007 | 2.000.000 |
| KCY8WP | Warrants sobre DAX30 - Call - 6.700 EUR - 13.06.2007 | 2.000.000 |
| KCY9WP | Warrants sobre DAX30 - Call - 7.000 EUR - 13.06.2007 | 2.000.000 |
| KCZAWP | Warrants sobre DAX30 - Call - 7.100 EUR - 13.06.2007 | 2.000.000 |
| KCZBWP | Warrants sobre DAX30 - Put - 6.500 EUR - 13.06.2007 | 2.000.000 |
| KCZCWP | Warrants sobre DAX30 - Put - 6.300 EUR - 13.06.2007 | 2.000.000 |
| KCZDWP | Warrants sobre IBEX35 - Call - 14.000 EUR - 13.06.2007 | 1.000.000 |
| KCZEWP | Warrants sobre IBEX35 - Call - 14.500 EUR - 13.06.2007 | 1.000.000 |
| KCZGWP | Warrants sobre IBEX35 - Put - 13.800 EUR - 13.06.2007 | 1.000.000 |
| KCZHWP | Warrants sobre Nasdaq100 - Call - 1.750 USD - 16.05.2007 | 1.000.000 |
| KCZJWP | Warrants sobre Nasdaq100 - Call - 1.775 USD - 16.05.2007 | 1.000.000 |
| KCZKWP | Warrants sobre Nasdaq100 - Call - 1.800 USD - 16.05.2007 | 1.000.000 |
| KCZLWP | Warrants sobre Nasdaq100 - Put - 1.725 USD - 16.05.2007 | 1.000.000 |
| KCZMWP | Warrants sobre Nikkei225 - Call - 16.500 JPY - 04.05.2007 | 1.000.000 |
| KCZNWP | Warrants sobre Nikkei225 - Call - 17.000 JPY - 04.05.2007 | 1.000.000 |
| KCZOWP | Warrants sobre Nikkei225 - Put - 16.500 JPY - 04.05.2007 | 1.000.000 |
| KCZPWP | Warrants sobre Adidas - Call - 38 EUR - 13.06.2007 | 1.000.000 |
| KCZQWP | Warrants sobre Adidas - Call - 40 EUR - 19.09.2007 | 1.000.000 |
| KCZRWP | Warrants sobre Adidas - Put - 36 EUR - 13.06.2007 | 1.000.000 |
| KCZSWP | Warrants sobre Alcatel-Lucent - Call - 9.2 EUR - 13.06.2007 | 1.000.000 |
| KCZTWP | Warrants sobre Alcatel-Lucent - Call - 10 EUR - 19.09.2007 | 1.000.000 |
| KCZUWP | Warrants sobre Alcatel-Lucent - Put - 9 EUR - 13.06.2007 | 1.000.000 |
| KCZVWP | Warrants sobre Allianz AG - Call - 150 EUR - 13.06.2007 | 1.000.000 |
| KCZWWP | Warrants sobre Allianz AG - Call - 160 EUR - 13.06.2007 | 1.000.000 |
| KCZXWP | Warrants sobre Allianz AG - Call - 155 EUR - 19.09.2007 | 1.000.000 |
| KCZYWP | Warrants sobre Allianz AG - Put - 145 EUR - 13.06.2007 | 1.000.000 |
| KCZZWP | Warrants sobre Altri - Call - 5.5 EUR - 20.09.2007 | 150.000 |
| KCZ2WP | Warrants sobre Amazon - Call - 38 USD - 15.06.2007 | 1.000.000 |
| KCZ3WP | Warrants sobre Amazon - Call - 42 USD - 15.06.2007 | 1.000.000 |
| KCZ4WP | Warrants sobre Amazon - Call - 44 USD - 21.09.2007 | 1.000.000 |
| KCZ5WP | Warrants sobre Amazon - Put - 36 USD - 15.06.2007 | 1.000.000 |
| KCZ6WP | Warrants sobre Apple Inc - Call - 100 USD - 21.09.2007 | 1.000.000 |
| KCZ7WP | Warrants sobre Axa - Call - 30 EUR - 13.06.2007 | 1.000.000 |
| KCZ8WP | Warrants sobre Axa - Call - 33 EUR - 13.06.2007 | 1.000.000 |
| KCZ9WP | Warrants sobre Axa - Put - 29 EUR - 13.06.2007 | 1.000.000 |
| KC1AWP | Warrants sobre Bayer AG - Call - 44 EUR - 13.06.2007 | 1.000.000 |
| KC1BWP | Warrants sobre Bayer AG - Call - 46 EUR - 13.06.2007 | 1.000.000 |
| KC1CWP | Warrants sobre Bayer AG - Call - 46 EUR - 19.09.2007 | 1.000.000 |
| KC1DWP | Warrants sobre Bayer AG - Put - 43 EUR - 13.06.2007 | 1.000.000 |
| KC1EWP | Warrants sobre BBVA - Call - 17.5 EUR - 14.06.2007 | 1.000.000 |
| KC1FWP | Warrants sobre BBVA - Call - 18.5 EUR - 14.06.2007 | 1.000.000 |
| KC1GWP | Warrants sobre BBVA - Call - 19 EUR - 20.09.2007 | 1.000.000 |
| KC1HWP | Warrants sobre BBVA - Put - 17.5 EUR - 14.06.2007 | 1.000.000 |
| KC1IWP | Warrants sobre BCP - Call - 2.7 EUR - 20.09.2007 | 1.000.000 |
| KC1KWP | Warrants sobre BCP - Put - 2.6 EUR - 20.09.2007 | 1.000.000 |
| KC1LWP | Warrants sobre BCP - Call - 2.6 EUR - 14.06.2007 | 1.000.000 |
| KC1MWP | Warrants sobre BCP - Put - 2.6 EUR - 14.06.2007 | 1.000.000 |
| KC1NWP | Warrants sobre BMW - Call - 42 EUR - 13.06.2007 | 1.000.000 |
| KC1OWP | Warrants sobre BMW - Call - 45 EUR - 19.09.2007 | 1.000.000 |
| KC1PWP | Warrants sobre BMW - Put - 40 EUR - 13.06.2007 | 1.000.000 |
| KC1QWP | Warrants sobre Brisa - Call - 10 EUR - 20.09.2007 | 150.000 |
| KC1RWP | Warrants sobre Cimpor - Call - 6.3 EUR - 20.09.2007 | 100.000 |
| KC1SWP | Warrants sobre Cofina - Call - 1.8 EUR - 20.09.2007 | 150.000 |
| KC1TWP | Warrants sobre Continental AG - Call - 90 EUR - 13.06.2007 | 1.000.000 |
| KC1UWP | Warrants sobre Continental AG - Call - 95 EUR - 13.06.2007 | 1.000.000 |
| KC1VWP | Warrants sobre Continental AG - Call - 100 EUR - 19.09.2007 | 1.000.000 |
| KC1WWP | Warrants sobre Continental AG - Put - 90 EUR - 13.06.2007 | 1.000.000 |
| KC1XWP | Warrants sobre DaimlerChrysler - Call - 54 EUR - 13.06.2007 | 1.000.000 |
| KC1YWP | Warrants sobre DaimlerChrysler - Call - 57 EUR - 13.06.2007 | 1.000.000 |
| KC1ZWP | Warrants sobre DaimlerChrysler - Put - 53 EUR - 13.06.2007 | 1.000.000 |
| KC11WP | Warrants sobre DaimlerChrysler - Call - 57 EUR - 19.09.2007 | 1.000.000 |
| KC12WP | Warrants sobre Deutsche Telekom - Call - 12.5 EUR - 13.06.2007 | 1.000.000 |
| KC13WP | Warrants sobre Deutsche Telekom - Call - 13.5 EUR - 13.06.2007 | 1.000.000 |
| KC14WP | Warrants sobre Deutsche Telekom - Put - 12 EUR - 13.06.2007 | 1.000.000 |
| KC15WP | Warrants sobre Deutsche Telekom - Call - 14 EUR - 19.09.2007 | 1.000.000 |
| KC16WP | Warrants sobre E.ON - Call - 105 EUR - 13.06.2007 | 1.000.000 |
| KC17WP | Warrants sobre E.ON - Put - 95 EUR - 13.06.2007 | 1.000.000 |
| KC18WP | Warrants sobre E.ON - Call - 110 EUR - 19.09.2007 | 1.000.000 |
| KC19WP | Warrants sobre EADS - Call - 21.5 EUR - 13.06.2007 | 1.000.000 |
| KC2AWP | Warrants sobre EADS - Call - 23 EUR - 13.06.2007 | 1.000.000 |
| KC2BWP | Warrants sobre EADS - Put - 21 EUR - 13.06.2007 | 1.000.000 |
| KC2CWP | Warrants sobre Ebay Inc - Call - 30 USD - 15.06.2007 | 1.000.000 |
| KC2DWP | Warrants sobre Ebay Inc - Call - 32 USD - 15.06.2007 | 1.000.000 |
| KC2EWP | Warrants sobre Ebay Inc - Call - 34 USD - 15.06.2007 | 1.000.000 |
| KC2FWP | Warrants sobre Ebay Inc - Put - 28 USD - 15.06.2007 | 1.000.000 |
| KC2GWP | Warrants sobre Ebay Inc - Call - 33 USD - 21.09.2007 | 1.000.000 |
| KC2HWP | Warrants sobre EDP - Put - 4 EUR - 14.06.2007 | 1.000.000 |
| KC2IWP | Warrants sobre EDP - Call - 4 EUR - 20.09.2007 | 1.000.000 |
| KC2JWP | Warrants sobre EDP - Call - 4.2 EUR - 20.09.2007 | 1.000.000 |
| KC2KWP | Warrants sobre EDP - Put - 4 EUR - 20.09.2007 | 1.000.000 |
| KC2LWP | Warrants sobre Electricité de France - Call - 55 EUR - 13.06.2007 | 1.000.000 |
| KC2MWP | Warrants sobre Electricité de France - Call - 58 EUR - 13.06.2007 | 1.000.000 |
| KC2NWP | Warrants sobre Electricité de France - Put - 54 EUR - 13.06.2007 | 1.000.000 |
| KC2OWP | Warrants sobre ENEL - Call - 8 EUR - 14.06.2007 | 1.000.000 |
| KC2PWP | Warrants sobre ENI - Call - 24 EUR - 14.06.2007 | 1.000.000 |
| KC2QWP | Warrants sobre Fiat SpA - Call - 18 EUR - 14.06.2007 | 1.000.000 |
| KC2RWP | Warrants sobre France Telecom - Call - 19 EUR - 13.06.2007 | 1.000.000 |
| KC2SWP | Warrants sobre France Telecom - Call - 20.5 EUR - 19.09.2007 | 1.000.000 |
| KC2TWP | Warrants sobre France Telecom - Put - 18 EUR - 13.06.2007 | 1.000.000 |
| KC2UWP | Warrants sobre Galp - Call - 7 EUR - 14.06.2007 | 250.000 |
| KC2VWP | Warrants sobre Galp - Call - 7.2 EUR - 14.06.2007 | 250.000 |
| KC2WWP | Warrants sobre Galp - Put - 7.1 EUR - 14.06.2007 | 250.000 |
| KC2XWP | Warrants sobre Galp - Call - 7 EUR - 20.09.2007 | 250.000 |
| KC2ZWP | Warrants sobre Galp - Call - 7.2 EUR - 20.09.2007 | 250.000 |
| KC21WP | Warrants sobre Google - Call - 480 USD - 21.09.2007 | 1.000.000 |
| KC22WP | Warrants sobre IBM - Call - 90 USD - 15.06.2007 | 1.000.000 |
| KC26WP | Warrants sobre IBM - Call - 95 USD - 15.06.2007 | 1.000.000 |
| KC27WP | Warrants sobre IBM - Call - 100 USD - 21.09.2007 | 1.000.000 |
| KC28WP | Warrants sobre IBM - Put - 92 USD - 15.06.2007 | 1.000.000 |
| KC29WP | Warrants sobre Infineon - Call - 11.5 EUR - 13.06.2007 | 1.000.000 |
| KC3BWP | Warrants sobre Infineon - Call - 12.5 EUR - 19.09.2007 | 1.000.000 |
| KC3CWP | Warrants sobre Intel - Call - 20 USD - 21.09.2007 | 1.000.000 |
| KC3GWP | Warrants sobre Juniper Networks - Call - 18 USD - 15.06.2007 | 1.000.000 |
| KC3IWP | Warrants sobre Juniper Networks - Call - 20 USD - 15.06.2007 | 1.000.000 |
| KC3JWP | Warrants sobre Juniper Networks - Put - 17 USD - 15.06.2007 | 1.000.000 |
| KC3LWP | Warrants sobre Juniper Networks - Call - 21 USD - 21.09.2007 | 1.000.000 |
| KC3PWP | Warrants sobre Microsoft - Call - 29 USD - 21.09.2007 | 1.000.000 |
| KC3QWP | Warrants sobre Mota-Engil - Call - 5.6 EUR - 20.09.2007 | 100.000 |
| KC3SWP | Warrants sobre Nokia - Call - 15.5 EUR - 15.06.2007 | 1.000.000 |
| KC3TWP | Warrants sobre Nokia - Call - 16.5 EUR - 15.06.2007 | 1.000.000 |
| KC3VWP | Warrants sobre Nokia - Call - 17 EUR - 15.06.2007 | 1.000.000 |
| KC3WWP | Warrants sobre Nokia - Call - 17.5 EUR - 15.06.2007 | 1.000.000 |
| KC31WP | Warrants sobre Nokia - Put - 16 EUR - 15.06.2007 | 1.000.000 |
| KC32WP | Warrants sobre Pfizer Inc - Call - 26 USD - 21.09.2007 | 1.000.000 |
| KC34WP | Warrants sobre Portucel - Call - 2.6 EUR - 20.09.2007 | 300.000 |
| KC35WP | Warrants sobre Portugal Telecom - Call - 9.8 EUR - 14.06.2007 | 1.000.000 |
| KC37WP | Warrants sobre Portugal Telecom - Call - 10 EUR - 14.06.2007 | 1.000.000 |
| KC4AWP | Warrants sobre Portugal Telecom - Put - 9.8 EUR - 14.06.2007 | 1.000.000 |
| KC4BWP | Warrants sobre Portugal Telecom - Call - 9.8 EUR - 20.09.2007 | 1.000.000 |
| KC4DWP | Warrants sobre Portugal Telecom - Call - 10 EUR - 20.09.2007 | 1.000.000 |
| KC4EWP | Warrants sobre PT-Multimedia - Call - 11 EUR - 20.09.2007 | 150.000 |
| KC4FWP | Warrants sobre Sanofi-Aventis - Call - 63 EUR - 13.06.2007 | 1.000.000 |
| KC4GWP | Warrants sobre Sanofi-Aventis - Call - 65 EUR - 13.06.2007 | 1.000.000 |
| KC4HWP | Warrants sobre Sanofi-Aventis - Put - 62 EUR - 13.06.2007 | 1.000.000 |
| KC4IWP | Warrants sobre Semapa - Call - 11 EUR - 20.09.2007 | 150.000 |
| KC4JWP | Warrants sobre Siemens AG - Call - 80 EUR - 13.06.2007 | 1.000.000 |
| KC4KWP | Warrants sobre Siemens AG - Call - 85 EUR - 13.06.2007 | 1.000.000 |
| KC4LWP | Warrants sobre Siemens AG - Put - 75 EUR - 13.06.2007 | 1.000.000 |
| KC4MWP | Warrants sobre Siemens AG - Call - 85 EUR - 19.09.2007 | 1.000.000 |
| KC4PWP | Warrants sobre Sonae Industria - Call - 9 EUR - 20.09.2007 | 150.000 |
| KC4QWP | Warrants sobre Sonae SGPS - Call - 1.6 EUR - 20.09.2007 | 750.000 |
| KC4WWP | Warrants sobre Sonaecom - Call - 4.8 EUR - 20.09.2007 | 150.000 |
| KC4XWP | Warrants sobre STMicroelectronics - Call - 14.5 EUR - 13.06.2007 | 1.000.000 |
| KC43WP | Warrants sobre STMicroelectronics - Call - 15.5 EUR - 13.06.2007 | 1.000.000 |
| KC44WP | Warrants sobre STMicroelectronics - Put - 14 EUR - 13.06.2007 | 1.000.000 |
| KC46WP | Warrants sobre Suez - Call - 36 EUR - 13.06.2007 | 1.000.000 |
| KC47WP | Warrants sobre Suez - Call - 39 EUR - 13.06.2007 | 1.000.000 |
| KC49WP | Warrants sobre Suez - Put - 35 EUR - 13.06.2007 | 1.000.000 |
| KC5BWP | Warrants sobre Sun Microsystems - Call - 6 USD - 15.06.2007 | 1.000.000 |
| KC5CWP | Warrants sobre Sun Microsystems - Call - 6.5 USD - 15.06.2007 | 1.000.000 |
| KC5DWP | Warrants sobre Sun Microsystems - Call - 7 USD - 15.06.2007 | 1.000.000 |
| KC5EWP | Warrants sobre Telefonica - Call - 15.5 EUR - 14.06.2007 | 1.000.000 |
| KC5FWP | Warrants sobre Telefonica - Call - 16.5 EUR - 20.09.2007 | 1.000.000 |
| KC5GWP | Warrants sobre Telefonica - Put - 15 EUR - 14.06.2007 | 1.000.000 |
| KC5HWP | Warrants sobre Total - Call - 50 EUR - 13.06.2007 | 1.000.000 |
| KC5IWP | Warrants sobre Total - Call - 52 EUR - 19.09.2007 | 1.000.000 |
| KC5KWP | Warrants sobre Total - Put - 48 EUR - 13.06.2007 | 1.000.000 |
| KC5LWP | Warrants sobre Vallourec - Call - 170 EUR - 13.06.2007 | 1.000.000 |
| KC5MWP | Warrants sobre Vallourec - Call - 190 EUR - 19.09.2007 | 1.000.000 |
| KC5NWP | Warrants sobre Veolia Environnement - Call - 52 EUR - 13.06.2007 | 1.000.000 |
| KC5OWP | Warrants sobre Veolia Environnement - Call - 56 EUR - 19.09.2007 | 1.000.000 |
| KC5PWP | Warrants sobre Vivendi - Call - 29 EUR - 13.06.2007 | 1.000.000 |
| KC5SWP | Warrants sobre Vivendi - Call - 31 EUR - 19.09.2007 | 1.000.000 |
| KC5TWP | Warrants sobre Yahoo! - Call - 32 USD - 21.09.2007 | 1.000.000 |
INTERBOLSA, 21th March, 2007