Commerzbank AG — Board/Management Information 2009

May 7, 2009

News Details

UK Regulatory | 7 May 2009 18:37

Personnel changes on the board of management of Commerzbank

Commerzbank AG / Change of Personnel/Acquisition

Release of a UK Regulatory Announcement, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Personnel changes on the board of management of Commerzbank

The Supervisory Board of Commerzbank today appointed Martin Blessing,
spokesperson for the board of management, as the chairman of the board of
management. In addition, the Supervisory Board appointed Ulrich Sieber (43)
and Jochen Klösges (44) as at June 1 as new members of the board. Ulrich
Sieber will at the same time be the Chief Human Resources Officer of the
bank. Finally, the Supervisory Board decided that Wolfgang Hartmann (59) is
to leave the board of management. His successor with immediate effect as
Chief Risk Officer will be Dr. Stefan Schmittmann (52), to date responsible
on the board for the areas Commercial Real Estate and Central & Eastern
Europe (CEE).

In the course of these personnel decisions the board of management of
Commerzbank has decided to change the division of responsibilities as
follows from June 1, 2009 onwards: Ulrich Sieber will be responsible on the
board for the area of Human Resources and Integration. As of June 1 Jochen
Klösges will also assume his new function as the board member with
responsibility for the newly-created segment Real Estate und Public
Finance.

The board of management has also decided to expand the responsibilities of
Dr. Eric Strutz and Dr. Achim Kassow. Chief Financial Officer Eric Strutz
will also head the newly-created Portfolio Restructuring Unit from June 1
onwards. In this newly-established unit Commerzbank intends to reduce the
portfolios that are not part of its core business; this reduction is to
have as little impact as possible while maximizing their value. Achim
Kassow, responsible on the board for Private Clients, will also assume
responsibility for the segment Central & Eastern Europe (CEE) from June 1
onwards.

Ulrich Sieber was active in various senior positions at Dresdner Bank from
2001 to 2005. Since 2006 he has been the head of the group area Human
Resources at Commerzbank. Jochen Klösges, who was with Dresdner Bank from
1983 to 2001, moved to Eurohypo in 2002, where he was a member of the board
for several years, and has been in charge of group development at
Commerzbank since March 2007. With Martin Blessing, Markus Beumer, Jochen
Klösges and Ulrich Sieber the board of management now has four members who
have spent the major part of their professional careers with Commerzbank
and Dresdner Bank.

Stefan Schmittmann started his banking career in 1986 with what is now HVB,
the then Bayerische Vereinsbank, after studying economic sciences at the
University of St. Gallen. He held various senior functions in the credit
sector and controlling, before taking over the co-management of the risk
management at the group's headquarters in Munich in 1996; five years later
he rose to the position of Chief Risk Officer on the divisional board.

'We would like to thank Wolfgang Hartmann for his many years of commitment
to the bank. He has established an excellent reputation as Chief Risk
Officer and served Commerzbank excellently over many years,' said
Klaus-Peter Müller, chairman of the Supervisory Board of Commerzbank.

Martin Blessing: 'I am looking forward to working with my two new
colleagues. We will form a strong team on the board, able to master the
forthcoming challenges. And Stefan Schmittmann is a proven expert in the
field of risk management, with many years of experience as Chief Risk
Officer. This makes him exactly the right person for this task.'

*****

This release contains statements concerning the expected future business of
Commerzbank, efficiency gains and synergies expected in connection with the
transaction, expected growth prospects and other opportunities for an
increase in value of the company as well as expected future net income per
share, restructuring costs and other financial data. These forward-looking
statements are based on management's current expectations, estimates and
projections. They are subject to a number of assumptions and involve known
and unknown risks, uncertainties and other factors that may cause actual
results and developments to differ materially from any future results and
developments expressed or implied by such forward-looking statements.
Commerzbank has no obligation to periodically update or release any
revisions to the forward-looking statements contained in this release to
reflect events or circumstances after the date of this release.

This release does not constitute an offer to sell or a solicitation of an
offer to buy shares of Commerzbank. Shares of Commerzbank may not be
offered or sold in the United States of America absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as
amended. Commerzbank does not intend to conduct a public offering of shares
in the United States.

Contact:
Commerzbank AG
Group Communications
Tel.: +49 69 136 - 22830
mediarelations@commerzbank.com

07.05.2009 Financial News transmitted by DGAP

Language: English
Issuer: Commerzbank AG
Kaiserplatz
60261 Frankfurt am Main
Deutschland
Phone: +49 (069) 136 20
Fax: -
E-mail: ir@commerzbank.com
Internet: www.commerzbank.de
ISIN: DE0008032004
Indices: DAX, CDAX, HDAX, PRIMEALL
Listed: Regulierter Markt in Berlin, Frankfurt (Prime
Standard), Hannover, München, Hamburg, Düsseldorf,
Stuttgart; Terminbörse EUREX; Foreign Exchange(s)
London, SWX
Category Code: BOA
LSE Ticker: CZB
Sequence Number: 187
Time of Receipt: May 07, 2009 18:33:25

End of News DGAP News-Service

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