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Registry of warrants issued by Commerzbank Aktiengesellshaft

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07/1286

NOTICE N.º 1286/07

We hereby inform that, on 6th November, 2007, 90.000 units, regarding the increase of the issue "Warrants sobre Portucel - Call - 3 EUR - 20.03.2008", issued by the company Commerzbank Aktiengesellshaft, were registered, under the code KEBIWP. These warrants are fungible with 300.000 warrants already issued (total amount in circulation: 390.000).

INTERBOLSA, 7th November, 2007