NOTICE N.º 0038/08
We hereby inform that, on 14th January, 2008, the following issues of bearer warrants, were registered, issued by Commerzbank Aktiengesellshaft:
| Code | Name | Quantity |
| KD3AWP | Warrants Estruturados sobre Dax - Put - 7.800 EUR - 19.03.2008 | 1.500.000 |
| KD3BWP | Warrants Estruturados sobre Dax - Put - 7.850 EUR - 19.03.2008 | 1.500.000 |
| KD3CWP | Warrants Estruturados sobre Dax - Put - 7.900 EUR - 19.03.2008 | 1.500.000 |
INTERBOLSA, 14th January, 2008