Commerzbank AG — Investor Presentation 2013

May 7, 2013

Operating Profit

in € m

Commerzbank – Figures, Facts, Targets

Investor Relations

1st Quarter 2013

Authorised by "Bundesanstalt für Finanzdienstleistungsaufsicht" and by the Financial Services Authority; regulated by the Financial Services Authority for the conduct of UK business.

This publication appears four times a year to accompany the quarterly results and the annual financial statements.

This publication can also be found on Commerzbank's website, in German and English.

German: www.commerzbank.de Investor Relations Investor Relations Publikation English: www.commerzbank.com Investor Relations Investor Relations Publication

Completed on May 6, 2013

Commerzbank – Figures, Facts, Targets

Content

Commerzbank Financials at a glance
Group operating result of €469m in Q1 2013 ______ 2
Group revenues 5% higher
in Q1 2013 Profit per quarter ________ 3
Commerzbank Group's income statement
Net interest income ______ 4
Loan loss provisions by segment
Breakdown of net commission income _____ 5
Net trading income and net income from hedge accounting
Operating expenses _____ 6
Profitability ratios
Development of business volumes ______ 7
Claims on customers
Probability of Default-Rating _____ 8
Breakdown of assets
Breakdown of liabilities ___ 9
Revaluation reserve
RWA, Tier 1 capital ratio, total capital ratio and
core Tier 1 capital ratio __ 10
Commerzbank is more resilient
than before Dresdner Bank acquisition New strategic agenda ___ 11
Segment structure
of Commerzbank Group
Operating profit by segment ____ 12
Segment reporting
Value drivers ____ 13

Private Customers Mittelstandsbank _______ 14
Central & Eastern Europe Corporates & Markets ___ 15
Non-Core Assets New brand promise:
"The bank at your side" __ 16
Group equity definitions Average capital employed within Commerzbank Group ___ 17
Basel III CET 1 comfortably above 9% under phase-in Optimise capital allocation ______ 18
Capital market funding
Key figures of Commerz bank share _____ 19
Commerzbank's shareholders
Equity and market capitalisation _ 20
Performance of the Commerzbank share
Trading volume of the
Commerzbank share ____ 21
Offices of Commerzbank Group worldwide
Personnel data ________ 22

All figures – if not stated otherwise – according to IAS/IFRS

Commerzbank financials at a glance

G r o u p	Q 1 2 0 1 2	Q 4 2 0 1 2	Q 1 2 0 1 3
O ti ul ( € ) t p e r a n g r e s m	6 5 7	4 0 -	4 6 9
C Ti 1 ti B 2. 5 ( % ) o r e e r r a o	1 1. 3	1 2. 0	1 1. 5
( € ) R W A b n	2 2 3	2 0 8	2 1 0
L ti e e r a g e r a o v	2 0	1 9	2 0
C ( O & C ) B k in cl o r e a n	Q 1 2 0 1 2	Q 4 2 0 1 2	Q 1 2 0 1 3
O ( € ) ti ul t p e r a n g r e s m	8 6 6	4 0 8	5 5 6
O R E ( % ) p. o	2 1. 2	8. 4	1 1. 9
C I R ( % )	6 5. 5	7 6. 6	7 1. 7
Ri k d si f E D ( b ) ty s e n o a p s	2 8	2 7	2 8
L T D ti ( % ) r a o	8 1	7 6	7 5
1) N C A	Q 1 2 0 1 2	Q 4 2 0 1 2	Q 1 2 0 1 3
O ti ul ( € ) t p e r a n g r e s m	4 4 5 -	4 4 8 -	8 7 -
E D i cl N P L ol ( € b ) a n v u m e n	1 7 1	1 5 1	1 4 3
f ( ) Ri k d si ty E D b s e n o a p s	1 4	6 6	2 7

1) EBA-Buffer re-allocated as of Q4 2012 from O&C to NCA (restated in Q3 2012)

Group operating result of €469m in Q1 2013 – complete restructuring costs booked

Basel III phase-in ratio of 10.1% and fully phased-in at 7.5% at end of Q1 Good progress in NCA run-down using the positive market environment: €7.3bn EaD (incl. NPL) reduction in Q1 2013, €16.1bn EaD (incl. NPL) reduction (>10%) since 30 September 2012 Group revenues of €2.46bn 5% higher vs. Q4 2012 – net commission income up 11% vs. Q4 2012 and nearly flat vs. Q1 2012, interest income remains subdued Group pre-tax result of €-24m includes complete restructuring charge of €493m, as already announced with Q4 2012 reporting; net result attr. to shareholders of €-94m Group operating result of €469m incl. positive OCS effect of €25m, Core Bank with operating result of €556m vs. €408m in Q4 2012

Note: All numbers for previous quarters are restated to conform to new financial disclosure as of 1 January 2013 for comparability

Group revenues 5% higher in Q1 2013 vs. Q4 2012, LLPs and costs lower

Q1 2013 vs. Q4 2012

-Strong fee business and improved trading income due to a recovery in client activity but lower net interest income

• -Seasonally lower LLPs vs. Q4 2012 mainly driven by NCA
• -Further improvement in operating costs reflects recently initiated efficiency measures
• Complete restructuring charges of €493m booked in Q1 2013, as announced with Q4 2012 reporting

1) Consolidated result attributable to Commerzbank shareholders

Profit per quarter

Commerzbank Group, in € ^m

	1. 1. 3 1. 3. 2 0 1 3 -	1) 1. 1. 3 1. 3. 2 0 1 2 -	C h a	n g e
	i € n m	in € m	in € m	in %
N t i nt st i e e r e n c o m e	1, 3 5 6	1, 6 9 4	3 3 8 -	2 0. 0 -
L l vi si o a n o s s p r o o n s	2 6 7 -	2 1 2 -	5 5 -	2 9 5.
ft N t i nt st i r l lo vi si e e r e n c o m e a e o a n s s p r o o n s	1, 0 8 9	1, 4 8 2	3 9 3 -	2 6. 5 -
N t is si in e c o m m o n c o m e	8 4 7	8 6 4	-1 7	2. 0 -
N di i t i f h d t tr nt + e a n g n c o m e n e n c o m e r o m e g e a c c o u	3 1 7	1 6 4	1 5 3	9 3. 3
N t i i st nt e n v e m e n c o m e	6 -	-1 6 7	1 0 7	9 6. 6 -
C nt t i f ni nt d f u rr e n e n c o m e r o m c o m p a e s a c c o u e o r si t h ui ty th d u n g e e q m e o	8	1 1	3 -	2 3 7. -
O th t i e r n e n c o m e	6 2 -	2 1	8 3 -
In b f l l vi si c o m e e o r e o a n o s s p r o o n s	2, 4 6 0	2, 5 7 8	-1 1 8	4. 6 -
O ti p e r a n g e x p e n s e s	1, 2 7 4	1, 9 0 7	6 6 -	3. 7 -
O fi ti t l p e r a n g p r o o r o s s	4 6 9	6 5 7	-1 0 7	-1 8. 6
f I ai nt d ill d b d m p r m e s o g o o w a n r a n n a m e s	-	-
R st ct ri e ru u n g e x p e n s e s	4 9 3	3 4	4 5 9
N ai r l fr al f di al t e g n o o s s o m s e o s p o s g r o u p s	-	-
P -t fi t l r e a x p r o o r o s s	2 4 -	5 4 2	5 6 6 -
T in a x e s o n c o m e	4 5	1 5 9	-1 1 4	7 1. 7 -
C li d d fi l t t o n s o a e p r o o r o s s	6 9 -	3 8 3	4 5 2 -
tt ri b ut bl t nt ol li i nt st a a e o n o n c o r n g e r e s - -	2 5	2 8	3 -	-1 0. 7
tt ri b ut bl t C B K h h ol d a a e o s a r e e rs -	9 4 -	3 5 5	4 4 9 -

1) Prior-year figures restated due to first-time application of the amended IAS 19 and other disclosure changes

Net interest income

Commerzbank Group, in € ^m

1) Prior-year figures restated due to first-time application of the amended IAS 19 and other disclosure changes

Loan loss provisions by segment

Commerzbank Group, in € ^m

Breakdown of net commission income

Commerzbank Group, in € ^m

1) Prior-year figures restated due to disclosure changes

Net trading income and net income from hedge accounting

Commerzbank Group, in € ^m

1) Prior-year figures restated due to disclosure changes

Operating expenses

Commerzbank Group, in € ^m

1) Prior-year figures restated due to first-time application of the amended IAS 19 and other disclosure changes

in %

1) Prior-year figures restated due to first-time application of the amended IAS 19 and other disclosure changes

Development of business volumes

Commerzbank Group, in € bn

1) after provisions; 2) Prior-year figures restated due to first-time application of the amended IAS 19

Claims on customers1)

Commerzbank Group

Probability of Default-Rating of Commerzbank

Breakdown of assets

Commerzbank Group, in € ^m

Balance-sheet total

1) after provisions; 2) Prior-year figures restated due to first-time application of the amended IAS 19

Breakdown of liabilities

Commerzbank Group, in € ^m

1) Prior-year figures restated due to first-time application of the amended IAS 19

in € bn

RWA, Tier I capital ratio, total capital ratio and core Tier I capital ratio

1) The core Tier I capital ratio is the ratio of core Tier I capital (ordinary shares, retained earnings and silent participations) to risk-weighted assets

Commerzbank is more resilient than before Dresdner Bank acquisition

1) Commerzbank stand-alone figures; segmental structure as at year-end 2009; 2) Liabilities to and claims on customers

Taking into account the changed market environment, Commerzbank sets up its new strategic agenda

Segment structure of Commerzbank Group

P C	M S B	C E E	C & M	N C A	O t h e r s
C P ri at st v e u o m er s S al R ai l d et e s a n B si u n e s s C st u o m er s ( N E) d ( S W ) a n S al W al th e s e M nt a n a g e m e Di ct B ki re a n n g C R al o m m er z e	C at B ki or p or e a n n g St te d ra g a n y P je ct ro s S S ( ) al M E N W e s d ( S E) a n S al L e s ar g e C ( ) at N W or p or e s ( S E) d a n S al C at e s or p or e s In io al te at rn n Fi ci al n a n In it io st ut n s	C E E H ol di n g B R E B k a n	C at Fi or p or e n a n c e & E ui ty M k et q ar s C di ti o m m o e s Fi d In & x e c o m e C ci T di ur re n e s ra n g Fi d In & x e c o m e C ci S al ur re n e s e s C di P tf ol io t re or M nt a n a g e m e Cl ie nt R el at io hi n s p M nt a n a g e m e R h e s e ar c L d o n o n N Y k e w or	C R E G er m a n y C R E In te at io al rn n P bli Fi u c n a n c e D ut h e s c e S hi ff b k c s a n	G S t ro u p u p p or F ct io u n n s G T ro p re a s ur u y
Fi f 3 1. 3. 2 0 1 g u re s a s o	3
R W A (€ b n)	R W A (€ b n)	R W A (€ b n)	R W A (€ b n)	R W A (€ b n)	R W A (€ b n)
2 9	5 5	1 4	3 4	6 5	1 2
E D (€ b n) a	E D (€ b n) a	E D (€ b n) a	E D (€ b n) a	E D (€ b n) a	E D (€ b n) a
7 7	1 1 3	2 5	6 6	1 3 2	4 0

Operating profit by segment1)

in € ^m

Segment reporting

Commerzbank Group, 1.1.-31.3.2013, in € ^m

	P C	M S B	C E E	C & M	N C A	O t h & e r s C ol i o n s d ti a o n	T al t o
N et i nt st i e re n c o m e	4 3 1	4 5 7	1 0 3	1 9 6	1 6 9	-	1, 3 5 6
L lo vi si o a n s s p ro o n s	-3 5	-7 8	-6	2 6	-1 7 5	1	-2 6 7
N et i nt st i af te e re n c o m e r lo lo vi si a n s s p ro o n s	3 9 6	3 7 9	9 7	2 2 2	-6	1	1, 0 8 9
N et is si in c o m m o n c o m e	4 2 7	2 8 0	4 7	8 2	1 9	-8	8 4 7
N di in et t et + ra n g c o m e n in fr h d c o m e o m e g e nt a c c o u	1	1	2 3	3 0 7	-4 3	2 8	3 1 7
N et i st nt i n v e m e n c o m e	5	-1 2	-	-6	8	-1	-6
C nt et i fr u rr e n n c o m e o m ni nt d fo c o m p a e s a c c o u e r si th ui ty et h d n g e e q m o u	9	-	-	2	-2	-1	8
O th et i e r n n c o m e	-1 5	2	1 2	2	2 0	-8 3	-6 2
fo In b L L P c o m e e r e s	8 8 5	2 8 7	1 8 5	8 3 5	1 1 7	6 5 -	2, 4 6 0
O ti p e ra n g e x p e n s e s	7 5 3	3 2 5	1 0 4	3 3 8	8 3	1 2 1	1, 7 2 4
O ti fi r l t p e r a n g p r o o o s s	0 7	3 2 5	7 5	2 1 7	-8 7	-1 8 5	4 6 9
I ai nt f d ill m p r m e s o g o o w d b d a n ra n n a m e s	-	-	-	-	-	-	-
R ri st ct e ru u n g e x p e n s e s	-	-	-	-	-	4 9 3	4 9 3
N ai r l fr al et g n o o s s o m s e f di al o s p o s g ro u p s	-	-	-	-	-	-	-
P -t fi t r l r e a x p r o o o s s	7 0	3 2 5	7 5	2 7 1	-8 7	-6 7 8	-2 4

Value drivers

Commerzbank Group, 1.1.-31.3.2013

	P C	M S B	C E E	C & M	N C A	O t h & e r s C li o n s o d ti a o n	T t l o a
A pi al t v e r a g e c a pl d ( € ) e m o y e m	4 ,0 0 2	8 2 9 5,	1, 1 7 7	3, 2 4 5	1 0, 0 8 5	3, 8 1 4	2 8, 6 4 7
R W A ( d f ri d ) e n o p e o	2 8, 8 0 7	5 5, 3 6 4	1 4 ,5 4 8	3 3, 9 0 8	6 5, 1 3 5	1 2, 0 3 3	2 0 9 7 9 6 ,
O ti p e r a n g t/i c o s n c o m e ti ( % ) r a o	8 7. 8	4 4 .6	5 6. 2	5 8. 0	4 8. 5	-	7 0 .1
O ti t p e r a n g r e u r n 1) ui t ( % ) o n e q y	7. 0	2 2. 3	1 7. 5	3 3. 3	3. 5 -	-	6. 5
S ff ( t a a v e r a g e t) h d e a c o u n	1 6, 8 4 6	5, 4 1 7	7, 7 2 7	1, 8 7 1	6 6 7	1 7, 9 8 4	5 0, 5 1 2

1) annualised

Private Customers

C b k ' S t t i o m m e r z a n s r a e g c P it i o s o n	O f G t h l d i ri t t b k i it h t b l n e o e e a n g p v a e c u s o m e r a n s n e r m a n y w s a e › b f b 1 1 ill i ri t t t t c u s o m e r a s e o a o u m o n p v a e c u s o m e r s : O f h l ri b d i G it h t t t t n e o e a r g e s p v a e c u s o m e r r a n s n e r m a n y w › h i h ti i d g n a o n w e c o v e r a g e d ir t G : l d i si ti O li B k d i c o m e c r o u p e a n g p o o n a s n n e r o e r a n n › f li ri ti b si i t o n n e s e c e s n e s s o r n e s o r s u u v O f t h l d i lt h i G it h l n e o e e a n g w e a m a n a g e r s n e r m a n y w a a r g e › ti i d n a o n w e c o v e r a g e H i h tt ti it f ri t b ki t g a r a c v y o r p v a e a n n g c u s o m e r s › S f fi f tr i d ci l i b si t o n g p r o e r o n a n a s e r c e s o r n e s s c s o m e r s › v v u u B si d l si tl b d ri ti h h t t t t u n e s s m o e c o n s e n y a s e o n c u s o m e r o e n a o n r o u g : ›
P fi b il it D ri t r o a y v e r s	R i i t tr t b si t t d iti l l e g a n n g c u s o m e r u s y r e v e r o n o r a o n a v a u e s › h f ir d t t h b tr t h i t h s u c a s a n e s s a n c o m p e e n c e : e r e y s e n g e n n g e b si it h is ti t b ll i i u n e s s w o u r e x n g c u s o m e r a s e a s w e a s g a n n g t n e w c u s o m e r s L -t d is ti f O li B ki d b h o n g e r m m o e r n a o n o o r n n e a n n g a n r a n c › u t k n e o r w
S t t i G l r a e g c o a s	G 's f f T b b k h i h is ti t d ri t t o e e r m a n a n o c o c e o r s o p c a e p a e c s o m e r s › y v u fi b li t t h d t b ili t q a g r o a n p r o a y u y w y , B i T h b k si d " f t t e n g e a n a y o u r e o r o u r c u s o m e r s › " A b i ci ti i l h d rt -t t t o v e a v e r a g e p a p a o n n o n g e r m g r o w r e n s ›

Mittelstandsbank

C S b k ' t t i o m m e r a n s r a e g c z 1 ) P it i o s o n P fi b il it D ri t r o a y v e r s	L d i si ti f h G " M it ls d " i d ti k t t t t e a n g p o o n o r e e r m a n e a n n o m e s c m a r e › d b d a n a r o a S i b l d i f h ti " M it ls d " t tr t rt t t t u s a n a e a n s a e g c p a n e r o r e e n r e e a n a c r o s s › k t cl m a r e c y e s O f h l d i b k i f i d i i h E t t t n e o e e a n g a n s n o r e g n r a e s e r v c e s n e u r o z o n e › ll i E t tr ti rl d i d a s w e a s n u r o p a y m e n a n s a c o n s w o w e C i ci d b l b si d l: t o n v n n g a n s a e u n e s s m o e U ri l d i l i d ti k t d d n v a e r e g o n a c o v e r a g e n o m e s c m a r e a n e n s e ›
	2 ) i t ti l t k n e r n a o n a n e o r w R l ti h i b d i h i ti l l ti f t e a o n s p a s e s e r v c e a p p r o a c a m s a o p m a s o u o n s o r › - h i d i i d l cl i t e a c n v u a e n F i d is cl i i f i ci d t rt t rt t o r e g n r a e e x p e e o s u p p o o u r e n s n n a n n g a n › si f f i t d ti iti p r o c e s n g o o r e g n r a e a c v e s C li i it l k k h d b C & t- tr t t e n c e n c c a p a m a r e n o w o w e n s u r e y o r p o r a e s › - M k t it d d i t d t t h " M it t ls t d " a r e s u n s e c a e o s e r v e e e a n R si li t lt si 2 0 0 9 li d K P I i ti ti ri e e n r e s s n c e s o s n c o m p e e c o m p a s o n › u v , ( R E C I R ) o ,
S t t i G l r a e g c o a s	F rt h si d tr t h i f si ti b u e r e x p a n o n a n s e n g e n n g o o u r p o o n y : G i i ll cl i d i si h f ll i t t a n n g n e w s m a c a p e n s a n n c r e a n g o u r s a r e o w a e n › t h i d /l cl i t t e m a r g e c a p e n s e g m e n I ti l h b li is ti b si d l t t n e r n a o n a g r o w y s c a n g e x n g u n e s s m o e › E t si f h t d t d f i b si x e n o n o c a s m a n a g e m e n a n r a e n a n c e u n e s s › f F rt h ti iz ti t d i i t e r o p m a o n o c s o m e r p r o c e s s e s a n n c r e a s e n c o s › u u ff i ci e e n c y

1) according to own estimates 2) 150 locations in Germany, >30 international branches, global network of correspondent banks

Central & Eastern Europe

C b k ' S t t i o m m e r z a n s r a e g c P it i o s o n	A d i t i t ti t l d i G b k i P l d it h c c o r n g o s o n e s m a e e a n g e r m a n a n n o a n w w h 4 ill i t t m o r e a n m o n c u s o m e r s F si C b k' k t ci i f ll i o c u n g o n o m m e r z a n s e y c o m p e e n e s n u s e r v c e C b ki i P l d d d ir t b ki i P l d h R b li a n n g n o a n a n e c a n n g n o a n e c e p c z u , d S l ki a n o v a a C tr ti fi t b l i t h it h i t h k t o n c e n a o n o n p r o a e o r g a n c g r o w w n e s e m a r e s
fi P t b il it D ri r o a e r s y v	F si fi t b l b si o c n g o n p r o a e c o r e n e s s u u O ti iz ti f d f li t rt p m a o n o p r o u c p o o o D l t f b si d e v e o p m e n o n e w u n e s s a n r e v e n u e s o u r c e s O ff i i ci n g o n g e e n c m e a s r e s y u
S t t i G l r a e g c o a s	F rt h i si fi t b ili t i t b ki f d t h u e r n c r e a n g p r o a y n c o r p o r a e a n n g o c u s e g r o w , i t il b ki n r e a a n n g S i ri k ti ff i ci i d tr t t, t c s m a n a g e m e n c o n n u o u s e e n c y m p r o v e m e n a n d l t f tr e v e o p m e n o n e w r e v e n u e s e a m s f F rt h d l t b si d ls b si i d e r e e o p m e n o n e s s m o e e g n e s s m a n u v u u x , ti l ll o p e r a o n a e x c e e n c e

Corporates & Markets

C b k ' S i t t o m m e r z a n s r a e g c P it i o s o n	L i ti l i h l it h it h t tr t t a r g e n e r n a o n a n c e p a y e r w s o n g c o m m m e n o o m e › k t & t h i d E i d f d l b l m a r e e w e r u r o p e a n r e g o n a n a o c u s e g o a p r e s e n c e C li t- tr i b si d l b il t l -t l ti h i › e n c e n c u n e s s m o e u o n o n g e r m r e a o n s p s a s ll d t d i d tr t rt is w e a s p r o u c a n n u s y s e c o r e x p e e P d t ri k t d d i t d ri t t d i d k › r u e n s m a n a g e m e n n o e c a e p r o p e a r y r a n g e s s – D i si fi d b si d l it h f i ill C tr t t › v e r e u n e s s m o e w o u r s a e g c p a r s : o r p o r a e F i E it M k & C d iti F i d I & t n a n c e q u y a r e s o m m o e s x e n c o m e , , C ci d C d it P rt f li M t u rr e n e s a n r e o o o a n a g e m e n S tr it t t ti is d it l d b l h t › o n g c o m m m e n o o p m e c a p a a n a a n c e s e e u s a g e ff d t i ci a n c o s e e n c y
P fi t b il it D ri r o a y v e r s	C lli h G 's si cl i fr h is t t t t r o s s s e n g o e r o u p e x e n v e e n a n c e › - A k l d d d t rt is c n o e g e p r o c e p e e › w u x : N N 1 si ti i 2 0 1 2 t h S A d › u m e r o u s o p o o n s n a c r o s s e c o p e w a r s , T h E l S E F X P ll, D h R is k t t o m s o n x e u r v e y u r o m o n e y o e u s c e s , C ifi D ri ti R ki d iti B si A d Z rt k t e a e s a n n g s o m m o e s n e s s a r s e a e v v u w , , A d S tr t d R t il P d t A d d S tr t d P d t w a r s u c u r e e a r o u c s w a r s a n u c u r e r o u c s , M zi A si d E A d a g a n e a a n u r o p e w a r s f C S N 1 B t A M i d L t t h E k d i t d › o e s rr a n g e r o a p o a n s a e r o e e n c a e u w y - L A d d d d t -i L d k D l f t h Y ll o a n s w a r s a n a w a r e m n a n m a r e a o e e a r, a s w e l d f i l i C it l M k t t a s n u m e r o u s a c c o a e s o r o u r n v o v e m e n n a p a a r e s tr ti a n s a c o n s
S t t i G l r a e g c o a s	S tr t h E k t l d h i i ri ti d d t e n g e n u r o p e a n m a r e e a e r s p n s e c u s e p r o u c s › E h si ti i i C d it, I R d F X is k t l ti n a n c e p o o n n g n r e a n r m a n a g e m e n s o u o n s › f C f F rt h i E D b t it l M k t h is u e r r e n o r c e u r o p e a n e a p a a r e s r a n c e › S tr t h d is tr i b ti t i ti t ti l cl i t e n g e n u o n o n s u o n a e n s ›

Non-Core Assets (NCA)

C b k ' o m m e r z a n s p r o v e n t k d r a c r e c o r	C b k h tr d f rt f li i d d d it o m m e r z a n a s a s o n g r e c o r o p o o o w n o w n e s p e a › h ll i ir t e r c a e n g n g e n o n m e n v y v B Y E 2 0 0 8 d 1 Q 2 0 1 3 N C A f li d ti ( E D t rt + e w e e n a n p o o o r e u c o n a › N P L ) f t h 5 0 % t € 1 4 3 b o m o r e a n o n
R d t t u n o w n s r a e g y	V l i d it h f f t rt f li d ti d a u e p r e s e r v n g r u n o w n w o c u s o n a s p o o o r e u c o n a n › ri k iti ti s m g a o n K ti t ti t ri t f t h rt f li d e y q u a n a v e s e e n g p a r a m e e r s o r e p o o o r u n o w n › ill b t it l li f d d ti f rt f li l e n e c a p a r e e a n r e c o n o p o o o o m e w u v u I d d iti k li ti ri ill b is k t t t n a o n e y q u a a v e s e e n g p a r a m e e r s w e r › , d ti t b ili ti f ls d ti f l it r e u c o n s a z a o n o c o v e r p o o r e u c o n o c o m p e x y , , f W i d d d it rt li i ti it h cl i t n o n c r e p o o o n c o o p e r a o n e n s › w w A l d ti i d d f it h it l li f d / t t t c c e e r a e a c v e w n o w n o r a s s e s w n e c a p a r e e a n o r › ti is k tl k n e g a v e r o u o o
S i l t t r a e g c g o a s	E D d ti V l i f li d ti f € 1 4 3 b rt a r e u c o n : a u e p r e s e r v n g p o o o r e u c o n r o m n › - ( 1 Q 2 0 1 3 ) t € 9 3 b ( Y E 2 0 1 6 ) l d o n p a n n e f f A ti rt li t: ti is rt li d ti b si t t c v e p o o o m a n a g e m e n o p m e p o o o r e u c o n y c o n s e n › ri h ll cl t t s e e n g a p p r o a c a c r o s s a a s s e a s s e s F rt h ti is i d f d i tr t it h f d u e r o p m e a c c o m p a n e u n n g s u c u r e w o c u s o n s e c u r e › f d i u n n g O ti l fr h is f rt h t b ili d b ti ti t ff p e r a o n a a n c e u e r s a z e y m o v a n g s a ›

New brand promise: "The bank at your side"

Group equity definitions

R ci li ti f it d fi it i e c o n a o n o e q u y e n o n s			E q	it b si f R E u y a s o r o
E ui d ef in iti in € ty q o n s m	Q 1 2 0 1 3 E d f ri d n o p e o	3 M A v e ra g e
S b ib d pi ta l u s cr e c a	5, 8 2 7	5, 8 2 7
C pi ta l r a e s er v e	8, 7 3 2	8, 7 3 3
R et ai d ni n e e ar n g s	1 0, 9 4 8	1 0, 9 9 0
Si le nt ti ci at io S F Fi n/ Al lia p ar p n s o n z	2, 3 7 6	2, 3 7 6
C tr sl at io ur re n c y a n n re s er v e	-7 7	-1 0 5
C & L* ol id at d P o n s e	-1 4 7	-2
In st ' C pi ta l it h ut nt ol li in te st e o rs a o n o n- c o r n g re v w	2 7, 6 5 9 s	2 8 1 9 7,		B si f R E et fi t a s o r o o n n p r o
N nt lli in te st (I F R S ) o n- c o ro n g re s	8 5 7	8 5 5
In st ' C pi ta l v e o rs a	2 8, 5 1 6	2 8, 6 7 4		B si f ti R E d R E -t a s o r o p e ra n g o a n p re a x o
C pi ta l d d cti d wi ll d ot h dj st nt a e u o n s, g o o a n er a u m e s	-4 ,3 5 0
B el II pi ta l it h ut h b ri d pi ta l a s c o re c a w o y c a	2 4, 1 6 6
H br id pi ta l c a y	2, 2 8 4
B el II T ie r I pi ta l a s c a	2 6, 4 5 0

* After deduction of distribution to silent participants;** excluding: Revaluation reserve and cash flow hedges

Average capital employed within Commerzbank Group

Average, 1.1.-31.3.2013

Basel III CET 1 comfortably above 9% under phase-in

Note: estimated impacts as of Q1 2013, numbers may not add up due to rounding

Optimise capital allocation: RWA reduction in NCA results in significantly improved capital allocation in 2016

1) figures according to current NCA structure

Limited unsecured issuance in 2013 – flexible funding approach to support franchise demand and diversify funding

Senior Unsecured

• Focus on private placements
• ›€0.7bn senior unsecured funding in Q1 2013

Covered Bonds

• €0,5bn 5Y inaugural SME structured covered bond successfully issued
• › Innovative structure to refinance SME business
• ›Attractive funding cost for the bank

LTRO

›LTRO funding completely repaid in Q1 2013

Key figures of Commerzbank share

1) result for the quarter on accumulative basis; 2) Prior-year figures restated due to first-time application of the amended IAS 19

Commerzbank's shareholders

as of 31.12.2012

1) according to latest shareholder ID

Equity and market capitalisation

Commerzbank Group, in € bn

1) as shown in balance-sheet; 2) Prior-year figures restated due to first-time application of the amended IAS 19

Performance of the Commerzbank share

Month-end figures, January 2011 = 100

Trading volume1) of the Commerzbank share

Offices of Commerzbank Group wordwide

as of 31.3.2013

Personnel data

1) C G b k o m m e r a n r o p z u	2 0 1 0	2 0 1 1	2 0 1 2	3 1 3 2 0 1 3
E l m p o y e e s	5 9 ,1 0 1	5 8 ,1 6 0	5 3 6 0 1 ,	5 4 0 6 8 ,
in G e r m a n y	4 5, 3 0 1	4 4 ,4 7 4	4 2 ,8 5 7	4 2 ,1 0 1
b d a r o a	1 3, 8 0 0	1 3, 6 8 6	1 0, 4 4 7	1 1, 9 6 7

1) year-end figures

Disclaimer

Reservation regarding forward-looking statements

This publication contains forward-looking statements on Commerzbank's business and earnings performance, which are based upon our current plans, estimates, forecasts and expectations. The statements entail risks and uncertainties, as there are a variety of factors which influence our business and to a great extent lie beyond our sphere of influence. Above all, these include the economic situation, the state of the financial markets worldwide and possible loan losses. Actual results and developments may, therefore, diverge considerably from our current assumptions, which, for this reason, are valid only at the time of publication. We undertake no obligation to revise our forward-looking statements in the light of either new information or unexpected events.

2013/2014 Financial Calendar

Commerzbank AG Head Office Kaiserplatz Frankfurt am Main

www.commerzbank.com Postal address 60261 Frankfurt am Main

Group Management

Investor Relations Tel. +49 (0)69 / 136-2 22 55 Fax +49 (0)69 / 136-2 94 92

Mail ir@commerzbank.com