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- Complete repayment of silent participations of SoFFin (EUR 1.6 bn) and Allianz (EUR 750 m)

- Capital increase with subscription rights of EUR 2.5 bn; 10:1 share consolidation

- Clear improvement in capital structure and ability to pay dividends

- Fully phased-in Basel 3 Common Equity Tier 1 ratio expected to increase after transaction to 8.6 % (pro forma at year-end 2012), up from 7.6 % at year-end 2012

- Blessing: With the complete repayment of the silent participation of SoFFin, we are repaying ahead of schedule all components of the state support over which we have influence.

Commerzbank is planning an early repayment in full of the silent participations of the Financial Market Stabilization Fund (SoFFin) of about EUR 1.6 billion and Allianz of EUR 750 million by means of a combined cash capital increase/capital increase through contributions in kind with subscription rights in the amount of EUR 2.5 billion. The capital increase is to be approved at the annual general meeting of Commerzbank, which is being brought forward to April 19, 2013. After the completion of the capital increase, SoFFins shareholding in Commerzbank is expected to decrease from 25 % plus one share to below 20 %. The regulatory capital structure of Commerzbank will be considerably improved by this transaction. The fully phased-in Basel 3 Common Equity Tier 1 ratio will increase as a result of this the transaction from 7.6 % as of year-end 2012 to 8.6 % on a pro forma basis as of that date.

With the complete repayment of the silent participations of SoFFin we are repaying ahead of schedule all components of the state support over which we have influence. At the same time we are improving Commerzbanks fully phased-in Basel 3 capital base on a sustainable basis and are enhancing future dividend paying ability, said Martin Blessing, Chairman of the Board of Managing Directors of Commerzbank. The support of politicians and the taxpayer was very important for us during the financial crisis. We would once again like to take this opportunity to thank them for this support. For us the repayment of the silent participations and the reduction in the Federal Republics stake marks the beginning of the end of the Federal Republics engagement in Commerzbank.

Silent participations of SoFFin to be repaid in full

During the financial crisis, the Federal Republic supported Commerzbank with silent participations totaling EUR 16.4 billion in two steps in 2008 and 2009. The Bank has already repaid EUR 14.3 billion of this amount in 2011 together with a one-time payment of EUR 1.03 billion. With the announced repayment of the remaining EUR 1.6 billion, the silent participations of the Federal Republic will be repaid in full. At the same time SoFFin will receive a one-time payment of approximately EUR 60 million to compensate for the early repayment.

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DGAP-News: Commerzbank plans to repay silent participations of SoFFin and Allianz in full - shareholding of Federal ...