Invitation to Annual General Meeting of Commerzbank on 30 April 2024

EQS-News: Commerzbank Aktiengesellschaft / Key word(s): AGM/EGM
Invitation to Annual General Meeting of Commerzbank on 30 April 2024

20.03.2024 / 15:36 CET/CEST
The issuer is solely responsible for the content of this announcement.

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  * Decision on dividend proposal of EUR0.35 per share and on authorisation to
    execute share buybacks on agenda

  * Once again virtual format with right to speak and ask questions live at
    the event

Today, Commerzbank AG has published the invitation to its Annual General
Meeting on Tuesday, 30 April 2024. The event will take place virtually
without the physical presence of the shareholders or their proxies based on
the authorisation in the Articles of Association granted by a large majority
of last year's Annual General Meeting. The Annual General Meeting will begin
at 10.00 a.m. CET and will be transmitted live on the corporate webpage of
Commerzbank for registered and legitimate shareholders. As was the case last
year, shareholders or their proxies will have the opportunity to actively
participate live with the right to speak and to ask questions at the event.
As in previous years, the speech of the Chief Executive Officer (CEO)
Manfred Knof and the statement of the Chairman of the Supervisory Board Jens
Weidmann will be transmitted live and will be available publicly on 30 April
2024 from 10.00 a.m. CET at www.commerzbank.com/agm.

The letter to the shareholders from the Chairman of the Supervisory Board
was recently published and made available online at www.commerzbank.com/agm
together with the full text version of the invitation to the Annual General
Meeting 2024 including the agenda and explanations of each item. In
addition, the advance manuscripts of the speech by the CEO and of the main
points addressed by the Chairman of the Supervisory Board are expected to be
available on the same webpage from 23 April 2024.

Of particular note are the following items on the agenda:

Resolution on the use of distributable profits (item 2)
The Board of Managing Directors and the Supervisory Board of Commerzbank
propose that the distributable profits for the financial year 2023 are used
to pay a dividend of EUR0.35 per dividend-bearing share. The dividend payment
complements the share buyback of around EUR600 million completed on 5 March
2024. As planned, the Bank will return a total of around EUR1 billion to its
shareholders for the 2023 financial year.

Authorisation to execute share buybacks (items 7 and 8)
The Bank aims to continue a combination of share buybacks and dividend
payments when it comes to capital return. In order to be able to further use
share buybacks, the Bank is to be given the opportunity to acquire own
shares in a volume of up to 10% of the value of the share capital by 29
April 2029. The acquisition is to be made via the stock exchange or by means
of a public purchase offer addressed to all shareholders. The Bank also
plans to acquire its own shares through multilateral trading systems and by
using derivatives. The Annual General Meeting last approved the
authorisation to repurchase its own shares in 2020, under which the Bank
carried out two share buybacks totalling around 5.45% of the share capital.
The new authorisation replaces it.

Further information is available in the convocation of the Annual General
Meeting published today at www.commerzbank.com/agm.

Press contact
Svea Junge +49 69 9353-45691
Kathrin Jones +49 69 9353-45687

Investors' contact
Jutta Madjlessi +49 69 9353-47707
Ute Sandner +49 69 9353-47708

About Commerzbank
Commerzbank is the leading bank for the German Mittelstand and a strong
partner for around 25,500 corporate client groups and almost 11 million
private and small-business customers in Germany. The Bank's two Business
Segments - Private and Small-Business Customers and Corporate Clients -
offer a comprehensive portfolio of financial services. Commerzbank transacts
approximately 30 per cent of Germany's foreign trade and is present
internationally in more than 40 countries in the corporate clients'
business. The Bank focusses on the German Mittelstand, large corporates, and
institutional clients. As part of its international business, Commerzbank
supports clients with a business relationship to Germany, Austria, or
Switzerland and companies operating in selected future-oriented industries.
In the Private and Small-Business Customers segment, the Bank is at the side
of its customers with its brands Commerzbank and comdirect: online and
mobile, in the advisory centre, and personally in its branches. Its Polish
subsidiary mBank S.A. is an innovative digital bank that serves
approximately 5.8 million private and corporate customers, predominantly in
Poland, as well as in the Czech Republic and Slovakia.

Disclaimer
This release contains forward-looking statements. Forward-looking statements
are statements that are not historical facts. In this release, these
statements concern inter alia the expected future business of Commerzbank,
efficiency gains and expected synergies, expected growth prospects and other
opportunities for an increase in value of Commerzbank as well as expected
future financial results, restructuring costs and other financial
developments and information. These forward-looking statements are based on
the management's current plans, 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. Such factors
include the conditions in the financial markets in Germany, in Europe, in
the USA and other regions from which Commerzbank derives a substantial
portion of its revenues and in which Commerzbank holds a substantial portion
of its assets, the development of asset prices and market volatility,
especially due to the ongoing European debt crisis, potential defaults of
borrowers or trading counterparties, the implementation of its strategic
initiatives to improve its business model, the reliability of its risk
management policies, procedures and methods, risks arising as a result of
regulatory change and other risks. Forward-looking statements therefore
speak only as of the date they are made. Commerzbank has no obligation to
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.


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20.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Commerzbank Aktiengesellschaft
                   Kaiserstraße 16
                   60311 Frankfurt am Main
                   Germany
   Phone:          +49 (069) 136 20
   Fax:            -
   E-mail:         newsroom@commerzbank.com
   Internet:       www.commerzbank.de
   ISIN:           DE000CBK1001
   WKN:            CBK100
   Indices:        DAX, CDAX, HDAX, PRIMEALL
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1863251

End of News EQS News Service
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1863251 20.03.2024 CET/CEST