#17-552 Listing of Warrants issued by Commerzbank AG

As from November 20, 2017 89 Warrants issued by Commerzbank AG will be listed on NDX Finland and will be included on the list for Plain vanillas. The instruments will be registered at Euroclear Finland Oy.

Issuer: Commerzbank AG

Type of security: Warrants

Execution: Automatic cash settlement

Term: As from November 20, 2017 to expiry date.

Market Maker: Commerzbank AG

Underlying:

Fortum Oyj

Kone Oyj

Neste Corporation

Nokia Oyj

Nokian Renkaat Oyj

Nordea Bank AB

Outokumpu Oyj

Sampo Oyj

Stora Enso Oyj

UPM-Kymmene 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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