Commerzbank: Martin Zielke offers a mutual termination of his Board Membership and Stefan Schmittmann resigns from office as Chairman of the Supervisory Board

The Presiding and Nomination Committee of the Supervisory Board of Commerzbank has discussed in its meeting today the offer of Martin Zielke to resign early as a Board Member of Commerzbank AG on the basis of a mutual termination of his Board membership and, if in the view of the Supervisory Board, such resignation is in the interest of Commerzbank. The Presiding and Nomination Committee has decided to recommend to the Supervisory Board of Commerzbank to mutually terminate the appointment of Martin Zielke as Board Member and Chairman of the Board of Managing Directors of Commerzbank at a point in time to be agreed between Martin Zielke and the Supervisory Board but the latest by 31 December 2020. The Supervisory Board will decide on this in its meeting on 8^th July 2020.

Stefan Schmittmann has announced to resign from office at today's Presiding and Nomination Committee meeting with effect from the 3^rd of August 2020.

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