NOTICE N.º 0874/07
We hereby inform that, on 30th July, 2007, the following issues of bearer warrants, were registered, issued by Commerzbank Aktiengesellshaft:
| Code | Name | Quantity |
| KD4OWP | Warrants sobre Adidas AG - Call - 45 EUR - 19.12.2007 | 500.000 |
| KD4PWP | Warrants sobre Adidas AG - Call - 50 EUR - 19.12.2007 | 500.000 |
| KD4QWP | Warrants sobre Alcatel-Lucent - Call - 10 EUR - 19.12.2007 | 500.000 |
| KD4RWP | Warrants sobre Alcatel-Lucent - Call - 11 EUR - 19.12.2007 | 500.000 |
| KD4SWP | Warrants sobre Allianz AG - Call - 165 EUR - 19.12.2007 | 500.000 |
| KD4TWP | Warrants sobre Allianz AG - Call - 190 EUR - 19.12.2007 | 500.000 |
| KD4UWP | Warrants sobre ALTRI - Call - 7,5 EUR - 20.12.2007 | 150.000 |
| KD4VWP | Warrants sobre Apple Computer, Incorp. - Call - 160 USD - 21.09.2007 | 500.000 |
| KD4WWP | Warrants sobre Apple Computer, Incorp. - Call - 140 USD - 19.10.2007 | 500.000 |
| KD4XWP | Warrants sobre Apple Computer, Incorp. - Call - 160 USD - 19.10.2007 | 500.000 |
| KD4YWP | Warrants sobre Apple Computer, Incorp. - Call - 150 USD - 16.11.2007 | 500.000 |
| KD4ZWP | Warrants sobre Apple Computer, Incorp. - Call - 180 USD - 16.11.2007 | 500.000 |
| KD41WP | Warrants sobre Apple Computer, Incorp. - Call - 170 USD - 21.12.2007 | 500.000 |
| KD42WP | Warrants sobre Apple Computer, Incorp. - Call - 200 USD - 21.12.2007 | 500.000 |
| KD43WP | Warrants sobre Amazon.com, Incorp. - Call - 85 USD - 21.09.2007 | 500.000 |
| KD44WP | Warrants sobre Amazon.com, Incorp. - Call - 75 USD - 19.10.2007 | 500.000 |
| KD45WP | Warrants sobre Amazon.com, Incorp. - Call - 95 USD - 19.10.2007 | 500.000 |
| KD46WP | Warrants sobre Amazon.com, Incorp. - Call - 80 USD - 16.11.2007 | 500.000 |
| KD47WP | Warrants sobre Amazon.com, Incorp. - Call - 100 USD - 16.11.2007 | 500.000 |
| KD48WP | Warrants sobre Amazon.com, Incorp. - Call - 90 USD - 21.12.2007 | 500.000 |
| KD49WP | Warrants sobre Amazon.com, Incorp. - Call - 120 USD - 21.12.2007 | 500.000 |
| KD5AWP | Warrants sobre GALP - Call - 11 EUR - 20.12.2007 | 250.000 |
| KD5BWP | Warrants sobre GALP - Call - 12 EUR - 20.12.2007 | 250.000 |
| KD5CWP | Warrants sobre GALP - Put - 11 EUR - 26.10.2007 | 250.000 |
| KD5DWP | Warrants sobre Google, Incorp. - Call - 530 USD - 21.09.2007 | 500.000 |
| KD5EWP | Warrants sobre Google, Incorp. - Call - 500 USD - 19.10.2007 | 500.000 |
| KD5FWP | Warrants sobre Google, Incorp. - Call - 540 USD - 19.10.2007 | 500.000 |
| KD5GWP | Warrants sobre Google, Incorp. - Call - 560 USD - 19.10.2007 | 500.000 |
| KD5HWP | Warrants sobre Google, Incorp. - Put - 500 USD - 19.10.2007 | 500.000 |
| KD5IWP | Warrants sobre Google, Incorp. - Call - 480 USD - 16.11.2007 | 500.000 |
| KD5JWP | Warrants sobre Google, Incorp. - Call - 550 USD - 16.11.2007 | 500.000 |
| KD5KWP | Warrants sobre Google, Incorp. - Put - 480 USD - 16.11.2007 | 500.000 |
| KD5LWP | Warrants sobre Google, Incorp. - Call - 520 USD - 21.12.2007 | 500.000 |
| KD5MWP | Warrants sobre Google, Incorp. - Call - 600 USD - 21.12.2007 | 500.000 |
| KD5NWP | Warrants sobre IBM - Call - 130 USD - 21.12.2007 | 500.000 |
| KD5OWP | Warrants sobre Impresa - Call - 3,5 EUR - 20.12.2007 | 150.000 |
| KD5PWP | Warrants sobre Intel, Corp. - Call - 28 USD - 21.09.2007 | 500.000 |
| KD5QWP | Warrants sobre Intel, Corp. - Call - 23 USD - 19.10.2007 | 500.000 |
| KD5RWP | Warrants sobre Intel, Corp. - Call - 25 USD - 19.10.2007 | 500.000 |
| KD5SWP | Warrants sobre Intel, Corp. - Call - 28 USD - 19.10.2007 | 500.000 |
| KD5TWP | Warrants sobre Intel, Corp. - Put - 24 USD - 19.10.2007 | 500.000 |
| KD5UWP | Warrants sobre Intel, Corp. - Call - 24 USD - 16.11.2007 | 500.000 |
| KD5VWP | Warrants sobre Intel, Corp. - Call - 26 USD - 16.11.2007 | 500.000 |
| KD5WWP | Warrants sobre Intel, Corp. - Call - 29 USD - 16.11.2007 | 500.000 |
| KD5XWP | Warrants sobre Intel, Corp. - Put - 23 USD - 16.11.2007 | 500.000 |
| KD5YWP | Warrants sobre Intel, Corp. - Call - 25 USD - 21.12.2007 | 500.000 |
| KD5ZWP | Warrants sobre Intel, Corp. - Call - 28 USD - 21.12.2007 | 500.000 |
| KD51WP | Warrants sobre Intel, Corp. - Call - 30 USD - 21.12.2007 | 500.000 |
| KD52WP | Warrants sobre Intel, Corp. - Put - 24 USD - 21.12.2007 | 500.000 |
| KD53WP | Warrants sobre Juniper Networks, Incorp. - Call - 30 USD - 21.12.2007 | 500.000 |
| KD54WP | Warrants sobre Juniper Networks, Incorp. - Call - 35 USD - 21.12.2007 | 500.000 |
| KD55WP | Warrants sobre Microsoft, Corp. - Call - 31 USD - 19.10.2007 | 500.000 |
| KD56WP | Warrants sobre Microsoft, Corp. - Call - 33 USD - 19.10.2007 | 500.000 |
| KD57WP | Warrants sobre Microsoft, Corp. - Put - 31 USD - 19.10.2007 | 500.000 |
| KD58WP | Warrants sobre Microsoft, Corp. - Call - 32 USD - 16.11.2007 | 500.000 |
| KD59WP | Warrants sobre Microsoft, Corp. - Call - 34 USD - 16.11.2007 | 500.000 |
| KD6AWP | Warrants sobre Microsoft, Corp. - Call - 30 USD - 21.12.2007 | 500.000 |
| KD6BWP | Warrants sobre Microsoft, Corp. - Call - 35 USD - 21.12.2007 | 500.000 |
| KD6CWP | Warrants sobre Microsoft, Corp. - Put - 32 USD - 21.12.2007 | 500.000 |
| KD6DWP | Warrants sobre Mota-Engil - Call - 7,8 EUR - 20.12.2007 | 150.000 |
| KD6EWP | Warrants sobre Nokia OYJ - Call - 22 EUR - 21.09.2007 | 500.000 |
| KD6FWP | Warrants sobre Nokia OYJ - Call - 21 EUR - 21.09.2007 | 500.000 |
| KD6GWP | Warrants sobre Nokia OYJ - Put - 20 EUR - 19.10.2007 | 500.000 |
| KD6HWP | Warrants sobre Nokia OYJ - Call - 22 EUR - 19.10.2007 | 500.000 |
| KD6IWP | Warrants sobre Nokia OYJ - Call - 21 EUR - 16.11.2007 | 500.000 |
| KD6JWP | Warrants sobre Nokia OYJ - Call - 23 EUR - 16.11.2007 | 500.000 |
| KD6KWP | Warrants sobre Nokia OYJ - Call - 22 EUR - 21.12.2007 | 500.000 |
| KD6LWP | Warrants sobre Nokia OYJ - Call - 24 EUR - 21.12.2007 | 500.000 |
| KD6MWP | Warrants sobre Nokia OYJ - Put - 20 EUR - 21.12.2007 | 500.000 |
| KD6NWP | Warrants sobre Petroleo Brasil - Call - 70 USD - 21.12.2007 | 500.000 |
| KD6OWP | Warrants sobre Petroleo Brasil - Call - 90 USD - 21.12.2007 | 500.000 |
| KD6PWP | Warrants sobre Petroleo Brasil - Put - 70 USD - 21.12.2007 | 500.000 |
| KD6QWP | Warrants sobre Portucel - Call - 3,5 EUR - 20.12.2007 | 350.000 |
| KD6RWP | Warrants sobre PT - Multimedia - Call - 12 EUR - 20.12.2007 | 150.000 |
| KD6SWP | Warrants sobre Rio CVRD ADR - Call - 50 USD - 21.12.2007 | 500.000 |
| KD6TWP | Warrants sobre Rio CVRD ADR - Call - 65 USD - 21.12.2007 | 500.000 |
| KD6UWP | Warrants sobre Rio CVRD ADR - Put - 50 USD - 21.12.2007 | 500.000 |
| KD6VWP | Warrants sobre Sanofi-Aventis - Call - 60 EUR - 19.12.2007 | 500.000 |
| KD6WWP | Warrants sobre Sanofi-Aventis - Call - 68 EUR - 19.12.2007 | 500.000 |
| KD6XWP | Warrants sobre Sanofi-Aventis - Put - 60 EUR - 19.12.2007 | 500.000 |
| KD6YWP | Warrants sobre SEMAPA - Call - 14 EUR - 20.12.2007 | 200.000 |
| KD6ZWP | Warrants sobre Siemens AG - Call - 110 EUR - 19.12.2007 | 500.000 |
| KD61WP | Warrants sobre Siemens AG - Call - 130 EUR - 19.12.2007 | 500.000 |
| KD62WP | Warrants sobre Siemens AG - Put - 100 EUR - 19.12.2007 | 500.000 |
| KD63WP | Warrants sobre SONAE Indústria - Call - 11 EUR - 20.12.2007 | 150.000 |
| KD64WP | Warrants sobre SONAE.com - Call - 5 EUR - 20.12.2007 | 150.000 |
| KD65WP | Warrants sobre Teixeira Duarte - Call - 4 EUR - 20.12.2007 | 100.000 |
| KD66WP | Warrants sobre Telefónica, S.A. - Call - 17 EUR - 20.12.2007 | 500.000 |
| KD67WP | Warrants sobre Telefónica, S.A. - Call - 18 EUR - 20.12.2007 | 500.000 |
| KD68WP | Warrants sobre Telefónica, S.A. - Put - 17 EUR - 20.12.2007 | 500.000 |
| KD69WP | Warrants sobre Vallourec - Call - 210 EUR - 19.12.2007 | 500.000 |
| KD7AWP | Warrants sobre Vallourec - Call - 250 EUR - 19.12.2007 | 500.000 |
| KD7BWP | Warrants sobre Vallourec - Put - 200 EUR - 19.12.2007 | 500.000 |
| KD7CWP | Warrants sobre Veolia Environnement - Call - 58 EUR - 19.12.2007 | 500.000 |
| KD7DWP | Warrants sobre Veolia Environnement - Call - 62 EUR - 19.12.2007 | 500.000 |
| KD7EWP | Warrants sobre Veolia Environnement - Put - 56 EUR - 19.12.2007 | 500.000 |
| KD7FWP | Warrants sobre Yahoo!, Incorp. - Call - 25 USD - 21.09.2007 | 500.000 |
| KD7GWP | Warrants sobre Yahoo!, Incorp. - Call - 28 USD - 21.09.2007 | 500.000 |
| KD7HWP | Warrants sobre Yahoo!, Incorp. - Put - 25 USD - 21.09.2007 | 500.000 |
| KD7IWP | Warrants sobre Yahoo!, Incorp. - Call - 26 USD - 19.10.2007 | 500.000 |
| KD7JWP | Warrants sobre Yahoo!, Incorp. - Call - 28 USD - 19.10.2007 | 500.000 |
| KD7KWP | Warrants sobre Yahoo!, Incorp. - Call - 30 USD - 19.10.2007 | 500.000 |
| KD7LWP | Warrants sobre Yahoo!, Incorp. - Put - 24 USD - 19.10.2007 | 500.000 |
| KD7MWP | Warrants sobre Yahoo!, Incorp. - Call - 25 USD - 16.11.2007 | 500.000 |
| KD7NWP | Warrants sobre Yahoo!, Incorp. - Call - 27 USD - 16.11.2007 | 500.000 |
| KD7OWP | Warrants sobre Yahoo!, Incorp. - Call - 29 USD - 16.11.2007 | 500.000 |
| KD7PWP | Warrants sobre Yahoo!, Incorp. - Put - 24 USD - 16.11.2007 | 500.000 |
| KD7QWP | Warrants sobre Yahoo!, Incorp. - Call - 26 USD - 21.12.2007 | 500.000 |
| KD7RWP | Warrants sobre Yahoo!, Incorp. - Call - 30 USD - 21.12.2007 | 500.000 |
| KD7SWP | Warrants sobre Yahoo!, Incorp. - Put - 24 USD - 21.12.2007 | 500.000 |
| KD7TWP | Warrants sobre Redes Energeticas Nacionais - Call - 4,5 EUR - 20.12.2007 | 250.000 |
| KD7UWP | Warrants sobre MARTIFER - Call - 11 EUR - 20.12.2007 | 250.000 |
| KD91WP | Warrants sobre EDP - Call - 4,3 EUR - 20.12.2007 | 1.000.000 |
| KD92WP | Warrants sobre EDP - Call - 4,6 EUR - 20.12.2007 | 1.000.000 |
| KD93WP | Warrants sobre EDP - Put - 4,2 EUR - 20.12.2007 | 1.000.000 |
| KD94WP | Warrants sobre Electricité de France - Call - 90 EUR - 19.12.2007 | 500.000 |
| KD95WP | Warrants sobre Electricité de France - Put - 75 EUR - 19.12.2007 | 500.000 |
| KD96WP | Warrants sobre France Telecom, S.A. - Call - 20 EUR - 19.12.2007 | 500.000 |
| KD97WP | Warrants sobre France Telecom, S.A. - Call - 22 EUR - 19.12.2007 | 500.000 |
| KD98WP | Warrants sobre France Telecom, S.A. - Put - 20 EUR - 19.12.2007 | 500.000 |
| KD99WP | Warrants sobre GALP - Call - 10 EUR - 20.12.2007 | 250.000 |
| KD9AWP | Warrants sobre Banco Bradesco ADR - Call - 28 USD - 21.12.2007 | 500.000 |
| KD9BWP | Warrants sobre Banco Bradesco ADR - Call - 30 USD - 21.12.2007 | 500.000 |
| KD9CWP | Warrants sobre Banco Bradesco ADR - Call - 35 USD - 21.12.2007 | 500.000 |
| KD9DWP | Warrants sobre BPI - Call - 7 EUR - 20.12.2007 | 250.000 |
| KD9EWP | Warrants sobre BRISA - Call - 11 EUR - 20.12.2007 | 250.000 |
| KD9FWP | Warrants sobre BMW - Call - 50 EUR - 19.12.2007 | 500.000 |
| KD9GWP | Warrants sobre BMW - Put - 45 EUR - 19.12.2007 | 500.000 |
| KD9HWP | Warrants sobre CIMPOR - Call - 8 EUR - 20.12.2007 | 250.000 |
| KD9IWP | Warrants sobre Cisco Systems, Incorp. - Call - 30 USD - 21.09.2007 | 500.000 |
| KD9JWP | Warrants sobre Cisco Systems, Incorp. - Call - 34 USD - 21.09.2007 | 500.000 |
| KD9KWP | Warrants sobre Cisco Systems, Incorp. - Call - 32 USD - 21.12.2007 | 500.000 |
| KD9LWP | Warrants sobre Cisco Systems, Incorp. - Call - 35 USD - 21.12.2007 | 500.000 |
| KD9MWP | Warrants sobre COFINA - Call - 2 EUR - 20.12.2007 | 150.000 |
| KD9NWP | Warrants sobre Deutsche Telekom AG - Call - 13 EUR - 19.12.2007 | 500.000 |
| KD9OWP | Warrants sobre Deutsche Telekom AG - Call - 14 EUR - 19.12.2007 | 500.000 |
| KD9PWP | Warrants sobre EADS - Call - 23 EUR - 19.12.2007 | 500.000 |
| KD9QWP | Warrants sobre EADS - Call - 26 EUR - 19.12.2007 | 500.000 |
| KD9RWP | Warrants sobre e-BAY - Call - 33 USD - 19.10.2007 | 500.000 |
| KD9SWP | Warrants sobre e-BAY - Call - 35 USD - 19.10.2007 | 500.000 |
| KD9TWP | Warrants sobre e-BAY - Put - 33 USD - 19.10.2007 | 500.000 |
| KD9UWP | Warrants sobre e-BAY - Call - 34 USD - 16.11.2007 | 500.000 |
| KD9VWP | Warrants sobre e-BAY - Call - 36 USD - 16.11.2007 | 500.000 |
| KD9WWP | Warrants sobre e-BAY - Put - 33 USD - 16.11.2007 | 500.000 |
| KD9XWP | Warrants sobre e-BAY - Call - 35 USD - 21.12.2007 | 500.000 |
| KD9YWP | Warrants sobre e-BAY - Call - 38 USD - 21.12.2007 | 500.000 |
| KD9ZWP | Warrants sobre e-BAY - Put - 32 USD - 21.12.2007 | 500.000 |
INTERBOLSA, 31th July, 2007