CZB Commerzbank Ord

Post-stabilisation notice

17^th November 2020

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

European Union (EU)

€ 8 billion due 2025

€ 6 billion due 2050

Post-Stabilisation Notice

Commerzbank (contact: Daniela Olt-Farrelly; telephone: +49 69 136-20) hereby gives notice that no stabilisation (within the meaning of Article 3.2 (d) of the Market Abuse Regulation (EU Regulation 596/2014) was undertaken by the Stabilising Managers named below in relation to the offer of the following securities.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not for distribution, directly or indirectly, in or into the United States or any other jurisdiction in which such distribution would be unlawful.