#17-32 Listing of Knock out warrants issued by Commerzbank AG

As from December 11, 2017, 21 Knock out warrants issued by Commerzbank AG will be listed on ETP Norway and will be included on the list for Knock-Outs. The instruments will be registered at Verdipapirsentralen ASA - Norwegian Central Securities Depository.

Issuer: Commerzbank AG

Type of security: Knock out warrants, open ended

Execution: Automatic cash settlement

Term: As from December 11, 2017 and forward or until time for knock out event

Market Maker: Commerzbank AG

Underlying:

DNO International ASA

Marine Harvest ASA

Norsk Hydro ASA

Norwegian Air Shuttle ASA

Petroleum Geo-Services ASA

Subsea 7 S.A.

Telenor ASA

Yara International ASA

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 NGM notice please contact:

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

Nordic Growth Market NGM AB

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