NOTICE N.º 0046/15
We hereby inform that, on 16th January, 2015, the following issues of warrants, shall be registered, issued by Commerzbank Aktiengesellshaft:
| Code | Name | Quantity |
| KE2ZWP | Warrants Estruturados s/ DAX-Call-9.400 EUR-17.03.2015 | 500.000 |
| KE21WP | Warrants Estruturados s/ DAX-Call-9.450 EUR-17.03.2015 | 500.000 |
| KE22WP | Warrants Estruturados s/ DAX-Call-9.500 EUR-17.03.2015 | 500.000 |
| KE23WP | Warrants Estruturados s/ DAX-Call-9.550 EUR-17.03.2015 | 500.000 |
| KE24WP | Warrants Estruturados s/ DAX-Call-9.600 EUR-17.03.2015 | 500.000 |
| KE25WP | Warrants Estruturados s/ DAX-Call-9.650 EUR-17.03.2015 | 500.000 |
| KE26WP | Warrants Estruturados s/ DAX-Call-9.700 EUR-17.03.2015 | 500.000 |
| KE27WP | Warrants Estruturados s/ DAX-Call-9.750 EUR-17.03.2015 | 500.000 |
| KE28WP | Warrants Estruturados s/ DAX-Call-9.800 EUR-17.03.2015 | 500.000 |
INTERBOLSA, 15th January, 2015