NOTICE N.º 1223/08
We hereby inform that, on 19th November, 2008, the following issues of bearer warrants, were registered, issued by Commerzbank Aktiengesellshaft:
| Code | Name | Quantity |
| KE21WP | Warrants Estruturados s/ DAX - Call - 4.300 EUR - 17.12.2008 | 1.500.000 |
| KE22WP | Warrants Estruturados s/ DAX - Call - 4.350 EUR - 17.12.2008 | 1.500.000 |
| KE23WP | Warrants Estruturados s/ DAX - Call - 4.450 EUR - 17.12.2008 | 1.500.000 |
| KE24WP | Warrants Estruturados s/ DAX - Put - 4.700 EUR - 14.01.2009 | 1.500.000 |
| KE25WP | Warrants Estruturados s/ DAX - Put - 4.800 EUR - 14.01.2009 | 1.500.000 |
| KE26WP | Warrants Estruturados s/ DAX - Put - 4.850 EUR - 14.01.2009 | 1.500.000 |
| KE27WP | Warrants Estruturados s/ Nasdaq100 - Call - 1.000 USD - 17.12.2008 | 1.000.000 |
| KE28WP | Warrants Estruturados s/ Nasdaq100 - Put - 1.200 USD - 14.01.2009 | 1.000.000 |
| KE29WP | Warrants Estruturados s/ IBEX - Put - 8.600 EUR - 14.01.2009 | 1.500.000 |
| KCQZWP | Warrants Estruturados s/ IBEX - Put - 8.800 EUR - 14.01.2009 | 1.500.000 |
| KCTGWP | Warrants Estruturados s/ IBEX - Put - 9.000 EUR - 14.01.2009 | 1.500.000 |
INTERBOLSA, 19th November, 2008