NOTICE N.º 0020/09
We hereby inform that, on 5th January, 2009, the following issues of bearer warrants, were registered, issued by Commerzbank Aktiengesellshaft:
| Code | Name | Quantity |
| KCTBWP | Warrants Estruturados s/ DAX - Call - 4.500 EUR - 18.02.2009 | 1.500.000 |
| KCTEWP | Warrants Estruturados s/ DAX - Call - 4.600 EUR - 18.02.2009 | 1.500.000 |
| KCTHWP | Warrants Estruturados s/ DAX - Call - 4.700 EUR - 18.02.2009 | 1.500.000 |
| KCWFWP | Warrants Estruturados s/ DAX - Put - 5.000 EUR - 18.03.2009 | 1.500.000 |
| KCWHWP | Warrants Estruturados s/ DAX - Put - 5.100 EUR - 18.03.2009 | 1.500.000 |
| KC2CWP | Warrants Estruturados s/ EUR/USD - Call - 1,3 USD - 17.02.2009 | 250.000 |
| KC2DWP | Warrants Estruturados s/ EUR/USD - Call - 1,34 USD - 17.02.2009 | 250.000 |
| KC31WP | Warrants Estruturados s/ EUR/USD - Call - 1,36 USD - 17.02.2009 | 250.000 |
| KC4KWP | Warrants Estruturados s/ EUR/USD - Call - 1,38 USD - 17.02.2009 | 250.000 |
| KC4XWP | Warrants Estruturados s/ EUR/USD - Put - 1,42 USD - 18.03.2009 | 250.000 |
| KC43WP | Warrants Estruturados s/ EUR/USD - Put - 1,44 USD - 18.03.2009 | 250.000 |
| KC5BWP | Warrants Estruturados s/ EUR/USD - Put - 1,46 USD - 18.03.2009 | 250.000 |
| KC5EWP | Warrants Estruturados s/ EUR/USD - Put - 1,5 USD - 18.03.2009 | 250.000 |
| KC5NWP | Warrants Estruturados s/ GOLD SPOT $/OZ - Call - 700 USD - 17.02.2009 | 250.000 |
| KC5PWP | Warrants Estruturados s/ GOLD SPOT $/OZ - Call - 750 USD - 17.02.2009 | 250.000 |
| KC5QWP | Warrants Estruturados s/ GOLD SPOT $/OZ - Call - 800 USD - 17.02.2009 | 250.000 |
| KC5VWP | Warrants Estruturados s/ GOLD SPOT $/OZ - Put - 900 USD - 18.03.2009 | 250.000 |
| KC57WP | Warrants Estruturados s/ GOLD SPOT $/OZ - Put - 950 USD - 18.03.2009 | 250.000 |
| KC6MWP | Warrants Estruturados s/ GOLD SPOT $/OZ - Put - 1.000 USD - 18.03.2009 | 250.000 |
INTERBOLSA, 5th January, 2009