DGAP-Adhoc: Commerzbank AG: Commerzbank sets the conditions for the capital increase for the repayment in full of the silent participations of SoFFin and Allianz - subscription period starts on May 15

Commerzbank AG / Key word(s): Capital Increase

14.05.2013 07:45

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

THIS AD HOC RELEASE AND THE INFORMATION CONTAINED HEREIN ARE NOT BEING
ISSUED AND MAY NOT BE DISTRIBUTED IN THE UNITED STATES OF AMERICA, CANADA,
JAPAN OR AUSTRALIA.

Commerzbank is beginning with the implementation of the adopted capital
increase for the complete and early repayment of the silent participations
of the Financial Market Stabilisation Fund (SoFFin) and of Allianz. To this
end, the Board of Managing Directors, with the consent of the Supervisory
Board, set the subscription price today, as well as further details on the
execution of the capital increase with subscription rights. Gross issue
proceeds of approximately EUR 2.5 billion are being sought. These are to be
used to repay the silent participations of SoFFin in the amount of
approximately EUR 1.6 billion and of Allianz in the amount of approximately
EUR 750 million.

In total, Commerzbank is issuing 555,555,556 new shares, which are endowed
with full dividend rights as of January 1, 2013. The subscription price of
the new shares is EUR 4.50 per share. The new shares will be offered to the
shareholders in the ratio 21 to 20. This means that 21 outstanding shares
entitle the holder to subscribe for 20 new shares. The subscription right
is excluded with respect to a share fraction of 363,761 new shares. The
subscription period will start on May 15, 2013 and will run until May 28,
2013. From May 15, 2013 to May 24, 2013 the subscription rights will be
traded on the regulated market (Xetra and Xetra Frankfurt Spezialist;
securities identification number CBKBZR) of the Frankfurt Stock Exchange.
The new shares will likely be included in stock exchange trading on May
29, 2013.

The consortium banks accompanying the offering have undertaken to assume
the shares which are not allotted by SoFFin's subscription rights in full
and under customary market conditions and to thereby guarantee the targeted
issue proceeds. The bank consortium is headed by the joint global
coordinators and joint bookrunners Commerzbank and Deutsche Bank as well as
the joint bookrunners Citi and HSBC.

*****
Disclaimer

The information contained herein serves information purposes and does not
constitute a prospectus or any offer for sale or subscription of or
solicitation or invitation of any offer to buy or subscribe for any
securities for the purposes of EU Directive 2003/71/EC. Securities will
solely be offered on the basis of a prospectus or other offering circular
to be issued by the company in connection with such offering. Subject to
approval by the German Federal Financial Services Supervisory Authority, a
prospectus will be available free of charge from COMMERZBANK
Aktiengesellschaft (Kaiserstraße 16 (Kaiserplatz), 60311 Frankfurt am Main)
and on the website of COMMERZBANK Aktiengesellschaft under
www.commerzbank.com. The securities will be offered exclusively on the
basis of the prospectus required to be approved by the Federal Financial
Services Supervisory Authority.

This ad hoc release does not constitute an offer to sell securities, or a
solicitation of an offer to buy securities, in the United States of
America. Securities may not be offered or sold in the United States of
America absent registration or an exemption from registration under the
U.S. Securities Act of 1933, as amended (the 'Securities Act'). The
securities of COMMERZBANK Aktiengesellschaft described herein have not been
and will not be registered under the Securities Act, or the laws of any
State, and may not be offered or sold within the United States, except
pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable State laws.
COMMERZBANK Aktiengesellschaft does not intend to register any portion of
the offering in the United States or conduct a public offering of
securities in the United States.

This ad hoc release is for information purposes only and does not
constitute an offer document or an offer of transferable securities to the
public in the U.K. to which section 85 of the Financial Services and
Markets Act 2000 of the U.K. ('FSMA') applies and should not be considered
as a recommendation that any person should subscribe for or purchase any of
the Securities. The Securities will not be offered or sold to any person in
the U.K. except in circumstances which have not resulted and will not
result in an offer to the public in the U.K. in contravention of section
85(1) of FSMA.

The communication of this document is restricted by law; it is not intended
for distribution to, or use by any person in, any jurisdiction where such
distribution or use would be contrary to local law or regulation.

This ad hoc release is not being distributed by, nor has it been approved
for the purposes of section 21 of FSMA by, a person authorised under FSMA.
This document is being communicated only at (I) persons who are outside the
United Kingdom (II) to investment professionals falling within Article
19(5) of the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005, as amended (the 'Order') or (III) high net worth companies and
other persons within the categories described in Article 49(2)(a) to (d) of
the Order (all such persons together being referred to as 'Relevant
Persons').

Any person who is not a Relevant Person should not act or rely on this
document or any of its contents. The Securities are available only to, and
any invitation, offer or agreement to purchase will be engaged in only with
Relevant Persons. Persons in possession of this document are required to
inform themselves of any relevant restrictions. No part of this document
should be published, reproduced, distributed or otherwise made available in
whole or in part to any other person without the prior written consent of
COMMERZBANK Aktiengesellschaft.

This release contains forward-looking statements. Forward-looking
statements are statements that are not historical facts. In this release,
these statements concern the expected future business of Commerzbank,
efficiency gains and expected synergies, expected growth prospects and
other opportunities for an increase in value of Commerzbank as well as
expected future financial results, restructuring costs and other financial
developments and information. These forward-looking statements are based on
the management's current expectations, estimates and projections. They are
subject to a number of assumptions and involve known and unknown risks,
uncertainties and other factors that may cause actual results and
developments to differ materially from any future results and developments
expressed or implied by such forward-looking statements. Such factors
include the conditions in the financial markets in Germany, in Poland,
elsewhere in Europe and other regions from which Commerzbank derives a
substantial portion of its revenues and in which Commerzbank holds a
substantial portion of its assets, the development of asset prices and
market volatility, potential defaults of borrowers or trading
counterparties, the implementation of Commerzbank's strategic initiatives,
the reliability of Commerzbank's risk management policies, procedures and
methods, and other risks. Forward-looking statements therefore speak only
as of the date they are made. Commerzbank has no obligation to periodically
update or release any revisions to the forward-looking statements contained
in this release to reflect events or circumstances after the date of this
release.

Contact:
Commerzbank AG
Group Communications
Tel.: +49 69 136 - 22830
mediarelations@commerzbank.com

---------------------------------------------------------------------------

Language: English
Company: Commerzbank AG
Kaiserplatz
60261 Frankfurt am Main
Germany
Phone: +49 (069) 136 20
Fax: -
E-mail: ir@commerzbank.com
Internet: www.commerzbank.de
ISIN: DE000CBK1001
WKN: CBK100
Indices: DAX, CDAX, HDAX, PRIMEALL
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
EUREX; London, SIX

End of Announcement DGAP News-Service

---------------------------------------------------------------------------