Commerzbank Capital Funding Trust I

Wilmington, Delaware, U.S.A.

2,961 Trust Lower Tier II Securities

- ISIN: DE000A0GPYR7 –

Capitalised terms not otherwise defined herein shall have the meanings given to them in the prospectus issued in connection with the Trust Lower Tier II Securities (previously named Noncumulative Trust Preferred Securities) of Commerzbank Capital Funding Trust I (the "Trust Lower Tier II Securities") dated 28 March 2006 (the "Prospectus") and approved by the Irish Financial Services Regulatory Authority as well as in the amendments published in the Announcement of the Issuer as of 23 June 2014 (RNS Number: 2958K).

Reference is made to the Announcement of the Trust as of 18 August 2014 (RNS Number: 4411P) in which the Trust gave Redemption Notice in respect of the Trust Lower Tier II Securities.

The Trust wishes to announce that it has received notice from the Calculation Agent that the Early Redemption Price will be the Make Whole Amount. The Calculation Agent has determined as of today (the Early Redemption Calculation Date) that the Make Whole Amount is equal to EUR 53,574.98 per Class B Preferred Security. This Make Whole Amount, plus any accrued and unpaid Capital Payments from and including 12 April 2014 to but excluding 18 September 2014, will be paid to the Property Trustee in order for such amounts to be deposited with Clearstream Banking AG, Frankfurt to pay the Early Redemption Amount with respect to the Trust Lower Tier II Securities on 18 September 2014.

Further, the Trust wishes to announce, that trading and listing of the Trust Lower Tier II Securities at the Frankfurt Stock Exchange will be terminated as of today.

Enquiries:

Commerzbank Aktiengesellschaft

Investor Relations

Phone: +49 69 136 21331