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

3. Details of person subject to the notification obligation

Natural person (first name, surname): David Elliot Shaw Date of birth: 29 March 1951

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:

23 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	0.00 %	5.20 %	5.20 %	1127496195
Previous notification	0.00 %	4.94 %	4.94 %	/

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 %
European Call FLEX Option	01/04/2026	01/04/2026	3350000	0.30 %
European Call FLEX Option	08/04/2026	08/04/2026	3350000	0.30 %
European Call FLEX Option	15/04/2026	15/04/2026	3350000	0.30 %
European Call FLEX Option	22/04/2026	22/04/2026	3350000	0.30 %
European Call FLEX Option	29/04/2026	29/04/2026	3350000	0.30 %
European Call FLEX Option	06/05/2026	06/05/2026	3350000	0.30 %
European Call FLEX Option	13/05/2026	13/05/2026	3350000	0.30 %
European Call FLEX Option	20/05/2026	20/05/2026	3350000	0.30 %
		Total	26800000	2.38 %

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	09/04/2026	n/a	Cash	336929	0.03 %
Equity Swap	02/09/2027	n/a	Cash	5947	0 %
Equity Swap	03/05/2030	n/a	Cash	111242	0.01 %
European Put FLEX Option	01/04/2026	01/04/2026	Physical	3350000	0.30 %
European Put FLEX Option	08/04/2026	08/04/2026	Physical	3350000	0.30 %
European Put FLEX Option	15/04/2026	15/04/2026	Physical	3350000	0.30 %
European Put FLEX Option	22/04/2026	22/04/2026	Physical	3350000	0.30 %
European Put FLEX Option	29/04/2026	29/04/2026	Physical	3350000	0.30 %
European Put FLEX Option	06/05/2026	06/05/2026	Physical	3350000	0.30 %
European Put FLEX Option	13/05/2026	13/05/2026	Physical	3350000	0.30 %
European Put FLEX Option	20/05/2026	20/05/2026	Physical	3350000	0.30 %
European Put Option	18/12/2026	18/12/2026	Physical	900000	0.08 %
American Put Option	19/06/2026	11/04/2025 -19/06/2026	Physical	1500000	0.13 %
American Put Option	18/12/2026	15/04/2025 - 18/12/2026	Physical	500000	0.04 %
American Put Option	18/12/2026	17/04/2025 - 18/12/2026	Physical	1000000	0.09 %
American Put Option	18/12/2026	08/05/2025 -18/12/2026	Physical	400000	0.04 %
American Put Option	18/06/2027	23/07/2025 -18/06/2027	Physical	300000	0.03 %
			Total	31854118	2.83 %

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)
David Elliot Shaw	%	%	%
D. E. Shaw & Co., Inc.	%	%	%
D. E. Shaw & Co., L.P.	%	5.20 %	5.20 %
D. E. Shaw Investment Management, L.L.C.	%	%	%
-	%	%	%
David Elliot Shaw	%	%	%
D. E. Shaw & Co., Inc.	%	%	%
D. E. Shaw & Co., L.P.	%	5.20 %	5.20 %

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

29 Jul 2025