NOTICE N.º 0878/11
We hereby inform that, on 21th June, 2011, the following issues of warrants, were registered, issued by Commerzbank Aktiengesellshaft:
| Code | Name | Quantity |
| KFLAWP | Warrants s/ BCP-Call-0,65 EUR-14.12.11 | 500.000 |
| KFLBWP | Warrants s/ BCP-Call-0,55 EUR-14.12.11 | 500.000 |
| KFLCWP | Warrants s/ BCP-Call-0,45 EUR-14.12.11 | 500.000 |
| KFLDWP | Warrants s/ BCP-Put-0,45 EUR-14.12.11 | 500.000 |
| KFLEWP | Warrants s/ BCP-Put-0,35 EUR-14.12.11 | 500.000 |
| KFLFWP | Warrants s/ BCP-Put-0,25 EUR-14.12.11 | 500.000 |
| KFLGWP | Warrants s/ BPI SGPS-Call-1,15 EUR-14.12.11 | 250.000 |
| KFLHWP | Warrants s/ BPI SGPS-Call-1,05 EUR-14.12.11 | 250.000 |
| KFLIWP | Warrants s/ BPI SGPS-Call-0,95 EUR-14.12.11 | 250.000 |
| KFLJWP | Warrants s/ BPI SGPS-Put-0,95 EUR-14.12.11 | 250.000 |
| KFLKWP | Warrants s/ BPI SGPS-Put-0,85 EUR-14.12.11 | 250.000 |
| KFLLWP | Warrants s/ BPI SGPS-Put-0,75 EUR-14.12.11 | 250.000 |
| KFLMWP | Warrants s/ BRISA-Call-5,35 EUR-14.12.11 | 250.000 |
| KFLNWP | Warrants s/ BRISA-Call-4,35 EUR-14.12.11 | 250.000 |
| KFLOWP | Warrants s/ BRISA-Put-4,25 EUR-14.12.11 | 250.000 |
| KFLPWP | Warrants s/ BRISA-Put-3,25 EUR-14.12.11 | 250.000 |
| KFLQWP | Warrants s/ GALP Energia-Call-15,5 EUR-14.12.11 | 500.000 |
| KFLRWP | Warrants s/ GALP Energia-Call-14,5 EUR-14.12.11 | 500.000 |
| KFLSWP | Warrants s/ GALP Energia-Put-14,5 EUR-14.12.11 | 500.000 |
| KFLTWP | Warrants s/ GALP Energia-Put-13,5 EUR-14.12.11 | 500.000 |
| KFLUWP | Warrants s/ Nokia-Call-5,25 EUR-14.12.11 | 500.000 |
| KFLVWP | Warrants s/ Nokia-Call-4,25 EUR-14.12.11 | 500.000 |
| KFLWWP | Warrants s/ Nokia-Put-4,25 EUR-14.12.11 | 500.000 |
| KFLXWP | Warrants s/ Nokia-Put-3,25 EUR-14.12.11 | 500.000 |
| KFLYWP | Warrants s/ Zon Multimedia-Call-5,25 EUR-14.12.11 | 150.000 |
| KFLZWP | Warrants s/ Zon Multimedia-Call-4,25 EUR-14.12.11 | 150.000 |
| KFL1WP | Warrants s/ Zon Multimedia-Call-3,25 EUR-14.12.11 | 150.000 |
INTERBOLSA, 21th June, 2011