Cancellation of the registry of KEFAWP

NOTICE N.º 1438/12

We hereby inform that, as a result of the existence of the conditions for the anticipated loss of the rights inherent to "Warrants Estruturados s/ DAX 30 - Call-7.050 EUR-19.12.2012", issued by Commerzbank Aktiengesellshaft, and registered under the code KEFAWP, one was cancelled the registry on 20^th November, 2012.

INTERBOLSA, 21^th November, 2012