#16-687 Listing of Constant Leverage Certificates issued by Commerzbank AG

As from December 20, 2016, 44 Constant Leverage Certificates issued by Commerzbank AG will be listed on NDX Finland and will be included on the list for Certificates. The instruments will be registered at Euroclear Finland Oy.

Issuer: Commerzbank AG

Type of security: Call Certificates

Execution: Automatic cash settlement

Term: As from December 20, 2016, open ended

Market Maker: Commerzbank AG

Underlying:

Volkswagen AG

Kone Oyj

Neste Corporation

Nokian Renkaat Oyj

Nordea Bank AB

Outokumpu Oyj

UPM-Kymmene Oyj

Cargotec Oyj

Daimler AG

Elisa Oyj

Fortum Oyj

Kemira Oyj

Nokia Oyj

Outotec Oyj

Sampo Oyj

Stora Enso Oyj

Telia Company AB

Commerzbank AG

Deutsche Bank AG

Wärtsilä Oyj

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

About NDX

Nordic derivatives Exchange (NDX) is a market for listing and trading of derivatives and other structured products. The market is operated by Nordic Growth Market (www.ngm.se), a regulated exchange under the supervision of the Swedish Financial Supervisory Authority. NDX offers listing and trading of derivatives and structured products and the ambition is to offer issuers and other market participants a flexible market for all types of products. Especially important for NDX is the encouragement of a market driven product development as well as the establishment of a powerful framework for marketing of issuers and issuers' products. NDX offers an increased influence for issuers and increased opportunities for product development. Further, NDX offers a platform that also aims at increasing the understanding and knowledge of derivatives and other structured products for the members' customers.

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