Commerzbank Aktiengesellschaft / DE000CBK1001

Notification of Major Holdings

1. Details of issuer

Name:	Commerzbank Aktiengesellschaft
Street:	Kaiserstraße 16
Postal code:	60311
City:	Frankfurt am Main Germany
Legal Entity Identifier (LEI):	851WYGNLUQLFZBSYGB56

2. Reason for notification

	Acquisition/disposal of shares with voting rights
X	Acquisition/disposal of instruments
	Change of breakdown of voting rights
	Other reason:

3. Details of person subject to the notification obligation

Legal entity: D. E. Shaw Valence Portfolios, L.L.C. City of registered office, country: Wilmington, Delaware, United States of America (USA)

4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.

5. Date on which threshold was crossed or reached:

07 Nov 2024

6. Total positions

	% of voting rights attached to shares (total of 7.a.)	% of voting rights through instruments (total of 7.b.1 + 7.b.2)	Total of both in % (7.a. + 7.b.)	Total number of voting rights pursuant to Sec. 41 WpHG
New	0.00 %	5.003957945185 %	5.003957945185 %	1184669009
Previous notification	n/a %	n/a %	n/a %	/

7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)

ISIN	Absolute		In %
	Direct (Sec. 33 WpHG)	Indirect (Sec. 34 WpHG)	Direct (Sec. 33 WpHG)	Indirect (Sec. 34 WpHG)
DE000CBK1001	0	0	0.00 %	0.00 %
Total	0		0.00 %

b.1. Instruments according to Sec. 38 (1) no. 1 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Voting rights absolute	Voting rights in %
American Call Option	20/12/2024	29/04/2024 – 20/12/2024	300000	0.03 %
American Call Option	20/12/2024	11/10/2024 – 20/12/2024	400000	0.03 %
European Call FLEX Option	01/04/2026	01/04/2026	3350000	0.28 %
European Call FLEX Option	08/04/2026	08/04/2026	3350000	0.28 %
European Call FLEX Option	15/04/2026	15/04/2026	3350000	0.28 %
European Call FLEX Option	22/04/2026	22/04/2026	3350000	0.28 %
European Call FLEX Option	29/04/2026	29/04/2026	3350000	0.28 %
European Call FLEX Option	06/05/2026	06/05/2026	3350000	0.28 %
European Call FLEX Option	13/05/2026	13/05/2026	3350000	0.28 %
European Call FLEX Option	20/05/2026	20/05/2026	3350000	0.28 %
		Total	27500000	2.32 %

b.2. Instruments according to Sec. 38 (1) no. 2 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Cash or physical settlement	Voting rights absolute	Voting rights in %
Equity Swap	06/05/2025	n/a	Cash	203294	0.02 %
Equity Swap	11/11/2025	n/a	Cash	750000	0.06 %
Equity Swap	15/12/2025	n/a	Cash	1126364	0.10 %
Equity Swap	07/09/2029	n/a	Cash	2300681	0.19 %
American Put Option	20/12/2024	12/09/2024 -20/12/2024	Physical	600000	0.05 %
European Put FLEX Option	01/04/2026	01/04/2026	Physical	3350000	0.28 %
European Put FLEX Option	08/04/2026	08/04/2026	Physical	3350000	0.28 %
European Put FLEX Option	15/04/2026	15/04/2026	Physical	3350000	0.28 %
European Put FLEX Option	22/04/2026	22/04/2026	Physical	3350000	0.28 %
European Put FLEX Option	29/04/2026	29/04/2026	Physical	3350000	0.28 %
European Put FLEX Option	06/05/2026	06/05/2026	Physical	3350000	0.28 %
European Put FLEX Option	13/05/2026	13/05/2026	Physical	3350000	0.28 %
European Put FLEX Option	20/05/2026	20/05/2026	Physical	3350000	0.28 %
			Total	31780339	2.68 %

8. Information in relation to the person subject to the notification obligation

	Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).
X	Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name	% of voting rights (if at least 3% or more)	% of voting rights through instruments (if at least 5% or more)	Total of both (if at least 5% or more)
D. E. Shaw Valence Portfolios, L.L.C.	%	%	%
D. E. Shaw Valence International, Inc.	%	5.00 %	5.00 %

9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)

Date of general meeting:
Holding total positions after general meeting (6.) after annual general meeting:

Proportion of voting rights	Proportion of instruments	Total of both
%	%	%

10. Other explanatory remarks:

Date

13 Nov 2024