NOTICE N.º 1234/08
We hereby inform that, on 21th November, 2008, the following issues of warrants, were registered, issued by Commerzbank Aktiengesellshaft:
| Code | Name | Quantity |
| KCTOWP | Warrants Estruturados s/ DAX - Call - 4.150 EUR - 17.12.2008 | 1.500.000 |
| KCWPWP | Warrants Estruturados s/ DAX - Call - 4.100 EUR - 17.12.2008 | 1.500.000 |
| KCWQWP | Warrants Estruturados s/ DAX - Call - 4.050 EUR - 17.12.2008 | 1.500.000 |
| KCWTWP | Warrants Estruturados s/ DAX - Call - 3.900 EUR - 17.12.2008 | 1.500.000 |
| KCWVWP | Warrants Estruturados s/ DAX - Put - 4.400 EUR - 14.01.2009 | 1.500.000 |
| KC94WP | Warrants Estruturados s/ DAX - Put - 4.450 EUR - 14.01.2009 | 1.500.000 |
| KD16WP | Warrants Estruturados s/ DAX - Put - 4.500 EUR - 14.01.2009 | 1.500.000 |
| KD19WP | Warrants Estruturados s/ DAX - Put - 4.600 EUR - 14.01.2009 | 1.500.000 |
| KD2AWP | Warrants Estruturados s/ Nasdaq100 - Call - 950 USD - 17.12.2008 | 1.000.000 |
| KD6BWP | Warrants Estruturados s/ Nasdaq100 - Put - 1.150 USD - 14.01.2009 | 1.000.000 |
| KD6CWP | Warrants Estruturados s/ IBEX - Put - 8.400 EUR - 14.01.2009 | 1.500.000 |
INTERBOLSA, 21th November, 2008