Commerzbank AG / Corporate Action/Acquisition 08.01.2009 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - Additional equity of EUR 10 billion - Core capital ratio of the new bank to be approximately 10% - Federal Government with 25% plus one share major shareholder in the new Commerzbank - Closing of Dresdner Bank acquisition near completion - Allianz strengthens the capital of Dresdner Bank by EUR 1.45 billion The German Governments Financial Markets Stabilization Fund (SoFFin), Allianz and Commerzbank intend to strengthen the equity of Dresdner Bank and Commerzbank. The planned capital measures will increase the new Commerzbanks core capital ratio (Tier 1, HGB) to approximately 10%. Against the background of the intensified financial crisis, the new bank will thus be enabled to meet the substantially higher capital requirements for banks. SoFFin intends to provide additional equity totalling EUR 10 billion to the new Commerzbank. This will be realized by issuing roughly 295 million ordinary shares, plus a silent participation of approximately EUR 8.2 billion. A price of EUR 6 per share has been agreed. After the transaction, the Federal Government will hold a stake of 25 % plus one share in the new Commerzbank. The terms of the silent participation are similar to those offered to Commerzbank in December. The Federal Government is clarifying all further details with the EU Commission. With the completion of the takeover, it is also intended that Allianz will boost Dresdner Banks capital by EUR 1.45 billion by transferring collateralized debt obligations (CDOs) to Allianz with a nominal value of EUR 2 billion at a purchase price of EUR 1.1 billion. For the new Commerzbank, this will lead to a reduction in RWAs of EUR 17.5 billion and therewith a release of capital of EUR 700 million according to Basel II. Furthermore Allianz will subscribe for a silent participation of EUR 750 million. The closing of the Dresdner Bank acquisition is therefore near completion. The planned measures are subject to the approval by the appropriate Boards. Commerzbank AG Group Communications Telephone +49 69 1 36-2 28 30 pressestelle@commerzbank.com DGAP 08.01.2009 --------------------------------------------------------------------------- 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 WKN: 803200 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 End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: SoFFin, Allianz and Commerzbank intend to strengthen the new Commerzbanks equity
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