#17-113 Listing of Knock out warrants issued by Commerzbank AG

As from March 16, 2017, 2 Knock out warrants issued by Commerzbank AG will be listed on NDX Finland and will be included on the list for Knock-Outs. The instruments will be registered at Euroclear Finland Oy.

Issuer: Commerzbank AG

Type of security: Knock out warrants, open ended

Execution: Automatic cash settlement

Term: As from March 16, 2017 and forward or until time for knock out event

Market Maker: Commerzbank AG

Underlying:

DAX 30 Index

Current values of strike and barrier can be found at:

[ NGM Market Data Web - KnockOutWarrants ]

www.warrants.commerzbank.com

For more details see attached file.

For further information concerning this NDX notice please contact:

NDX Listing on +46 8 566 390 20 or at ndxlist@ngm.se

Nordic Growth Market NGM AB

As from March 16, 2017, 2 Knock out warrants issued by Commerzbank AG will be listed on NDX Finland and will be included on the list for Knock-Outs. The instruments will be registered at Euroclear Finland Oy.

Issuer: Commerzbank AG

Type of security: Knock out warrants, open ended

Execution: Automatic cash settlement

Term: As from March 16, 2017 and forward or until time for knock out event

Market Maker: Commerzbank AG

Underlying:

DAX 30 Index

Current values of strike and barrier can be found at:

[ NGM Market Data Web - KnockOutWarrants ]

www.warrants.commerzbank.com

For more details see attached file.

For further information concerning this NDX notice please contact:

NDX Listing on +46 8 566 390 20 or at ndxlist@ngm.se

Nordic Growth Market NGM AB