NOTICE N.º 1463/07
We hereby inform that, on 14th December, 2007, the following issues of bearer warrants, were registered, issued by Commerzbank Aktiengesellshaft:
| Code | Name | Quantity |
| KCTAWP | Warrants sobre Adidas AG - Call - 46 EUR - 20.03.2008 | 500.000 |
| KCT4WP | Warrants sobre Adidas AG - Call - 50 EUR - 20.03.2008 | 500.000 |
| KCT5WP | Warrants sobre Adidas AG - Call - 45 EUR - 20.06.2008 | 500.000 |
| KCT6WP | Warrants sobre Adidas AG - Call - 52 EUR - 20.06.2008 | 500.000 |
| KCUWWP | Warrants sobre Adidas AG - Put - 46 EUR - 20.06.2008 | 500.000 |
| KCUXWP | Warrants sobre Alcatel-Lucent - Call - 6,5 EUR - 19.03.2008 | 500.000 |
| KCUYWP | Warrants sobre Alcatel-Lucent - Put - 5 EUR - 19.03.2008 | 500.000 |
| KCVHWP | Warrants sobre Allianz SE - Call - 150 EUR - 20.03.2008 | 500.000 |
| KCVIWP | Warrants sobre Allianz SE - Call - 180 EUR - 20.06.2008 | 500.000 |
| KCVJWP | Warrants sobre Deutsche Telekom - Call - 15 EUR - 20.03.2008 | 500.000 |
| KCVKWP | Warrants sobre Deutsche Telekom - Call - 16 EUR - 20.03.2008 | 500.000 |
| KCVOWP | Warrants sobre Deutsche Telekom - Put - 15 EUR - 20.06.2008 | 500.000 |
| KCVQWP | Warrants sobre France Telecom - Call - 26 EUR - 19.03.2008 | 500.000 |
| KCWTWP | Warrants sobre France Telecom - Put - 25 EUR - 19.03.2008 | 500.000 |
| KCWZWP | Warrants sobre Nokia - Call - 28 EUR - 20.03.2008 | 500.000 |
| KCX4WP | Warrants sobre Nokia - Put - 26 EUR - 20.03.2008 | 500.000 |
| KCX6WP | Warrants sobre Rio CVRD ADR - Call - 35 USD - 20.03.2008 | 500.000 |
| KCYLWP | Warrants sobre Rio CVRD ADR - Call - 37,5 USD - 20.03.2008 | 500.000 |
| KCYUWP | Warrants sobre Rio CVRD ADR - Put - 30 USD - 20.03.2008 | 500.000 |
| KCYWWP | Warrants sobre Sanofi-Aventis - Call - 62 EUR - 19.03.2008 | 500.000 |
| KC7NWP | Warrants sobre Sanofi-Aventis - Call - 68 EUR - 19.03.2008 | 500.000 |
| KC7OWP | Warrants sobre Sanofi-Aventis - Put - 64 EUR - 19.03.2008 | 500.000 |
| KC7PWP | Warrants sobre Telefonica - Call - 24 EUR - 20.03.2008 | 500.000 |
| KC7QWP | Warrants sobre Telefonica - Put - 22 EUR - 20.03.2008 | 500.000 |
| KC77WP | Warrants sobre Vallourec - Call - 180 EUR - 19.03.2008 | 500.000 |
| KC8LWP | Warrants sobre Vallourec - Call - 210 EUR - 19.03.2008 | 500.000 |
| KC8MWP | Warrants sobre Vallourec - Put - 180 EUR - 19.03.2008 | 500.000 |
INTERBOLSA, 17th December, 2007