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

X	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: UniCredit S.p.A. City of registered office, country: Piazza Gae Aulenti 3 - Tower A - 20154 Milano, Italy

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:

08 Jul 2025

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	19.20 %	8.72 %	27.92 %	1184669009
Previous notification	9.49 %	18.59 %	28.08 %	/

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	227275962	190173	19.18 %	0.02 %
Total	227466135		19.20 %

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 %
Total return swap	15.10.2025 - 11.11.2025	09.05.2025 - 10.11.2025	32250000	2.72 %
Total return swap	01.07.2026 - 18.12.2026	01.11.2024 - 17.12.2026	23693490	2.00 %
Total return swap	01.07.2026 - 18.12.2026	25.11.2024 - 17.12.2026	1000000	0.08 %
Total return swap	01.07.2026 - 18.12.2026	25.11.2024 - 17.12.2026	1000000	0.08 %
Total return swap	01.07.2026 - 18.12.2026	26.11.2024 - 17.12.2026	1000000	0.08 %
Total return swap	01.07.2026 - 18.12.2026	28.11.2024 - 17.12.2026	670000	0.06 %
Total return swap	01.07.2026 - 18.12.2026	16.12.2024 - 17.12.2026	2250000	0.19 %
Listed option	19.12.2025 - 18.12.2026	Anytime	750000	0.06 %
Down & Out Put Option	19.12.2025	19.12.2025	100	0 %
		Total	62613590	5.29 %

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 %
OTC Put Option	17.12.2025	Anytime	Cash	50	0 %
Total return swap	01.12.2026 - 14.05.2027	18.12.2024 - 13.05.2027	Cash	10078139	0.85 %
Total return swap	01.12.2026 - 14.05.2027	18.12.2024 - 13.05.2027	Cash	30627040	2.59 %
			Total	40705229	3.44 %

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)
UniCredit S.p.A.	19.18 %	8.66 %	27.84 %
UniCredit Bank GmbH	%	%	%

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

10 Jul 2025