D. E. Shaw Valence Portfolios, L.L.C., Wilmington, Delaware, United States of America (USA)

Notification of Major Holdings

1. Details of issuer

Name :	Commerzbank Aktiengesellschaft
Street:	Kaiserstraße 16
Postal code:	60311
City:	Frankfurt am Main Germany
Legal Entity Identifier (LEI):	851WYGNLUQLFZBSYGB56

2. Reason for notification

	Acquisition/disposal of shares with voting rights
X	Acquisition/disposal of instruments
	Change of breakdown of voting rights
	Other reason:

3. Details of person subject to the notification obligation

Legal entity: D. E. Shaw Valence Portfolios, L.L.C. City of registered office, country: Wilmington, Delaware, United States of America (USA)

4. Names of shareholder(s)
holding directly 3% or more voting rights, if different from 3.

5. Date on which threshold was crossed or reached:

08 Apr 2026

6. Total positions

	% of voting rights attached to shares (total of 7.a.)	% of voting rights through instruments (total of 7.b.1 + 7.b.2)	Total of both in % (7.a. + 7.b.)	Total number of voting rights pursuant to Sec. 41 WpHG
New	0.00 %	4.71 %	4.71 %	1127496195
Previous notification	0.00 %	5.16 %	5.16 %	/

7. Details on total positions
a. Voting rights attached to shares (Sec. 33, 34 WpHG)

ISIN	Absolute		In %
	Direct (Sec. 33 WpHG)	Indirect (Sec. 34 WpHG)	Direct (Sec. 33 WpHG)	Indirect (Sec. 34 WpHG)
DE000CBK1001	0	0	0.00 %	0.00 %
Total	0		0.00 %

b.1. Instruments according to Sec. 38 (1) no. 1 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Voting rights absolute	Voting rights in %
European Call FLEX Option	15/04/2026	15/04/2026	3350000	0.30 %
European Call FLEX Option	22/04/2026	22/04/2026	3350000	0.30 %
European Call FLEX Option	29/04/2026	29/04/2026	3350000	0.30 %
European Call FLEX Option	06/05/2026	06/05/2026	3350000	0.30 %
European Call FLEX Option	13/05/2026	13/05/2026	3350000	0.30 %
European Call FLEX Option	20/05/2026	20/05/2026	3350000	0.30 %
		Total	20100000	1.78 %

b.2. Instruments according to Sec. 38 (1) no. 2 WpHG

Type of instrument	Expiration or maturity date	Exercise or conversion period	Cash or physical settlement	Voting rights absolute	Voting rights in %
European Put FLEX Option	15/04/2026	15/04/2026	Physical	3350000	0.30 %
European Put FLEX Option	22/04/2026	22/04/2026	Physical	3350000	0.30 %
European Put FLEX Option	29/04/2026	29/04/2026	Physical	3350000	0.30 %
European Put FLEX Option	06/05/2026	06/05/2026	Physical	3350000	0.30 %
European Put FLEX Option	13/05/2026	13/05/2026	Physical	3350000	0.30 %
European Put FLEX Option	20/05/2026	20/05/2026	Physical	3350000	0.30 %
European Put Option	18/12/2026	18/12/2026	Physical	900000	0.08 %
American Put Option	19/06/2026	11/04/2025 -19/06/2026	Physical	1500000	0.13 %
American Put Option	18/12/2026	17/04/2025 – 18/12/2026	Physical	200000	0.02 %
American Put Option	18/12/2026	08/05/2025 -18/12/2026	Physical	400000	0.04 %
American Put Option	18/06/2027	01/08/2025-18/06/2027	Physical	550000	0.05 %
American Put Option	18/06/2027	18/11/2025-18/06/2027	Physical	500000	0.04 %
American Put Option	18/06/2027	01/08/2025-18/06/2027	Physical	1000000	0.09 %
American Put Option	18/06/2027	14/11/2025-18/06/2027	Physical	1300000	0.12 %
American Put Option	18/06/2027	17/11/2025-18/06/2027	Physical	800000	0.07 %
American Put Option	17/12/2027	20/08/2025-17/12/2027	Physical	1000000	0.09 %
American Put Option	17/12/2027	09/12/2025-17/12/2027	Physical	1000000	0.09 %
American Put Option	17/12/2027	06/01/2026-17/12/2027	Physical	500000	0.04 %
American Put Option	17/12/2027	27/01/2026-17/12/2027	Physical	500000	0.04 %
American Put Option	16/06/2028	15/12/2025-16/06/2028	Physical	1000000	0.09 %
American Put Option	16/06/2028	16/12/2025-16/06/2028	Physical	1000000	0.09 %
American Put Option	16/06/2028	17/12/2025-16/06/2028	Physical	750000	0.07 %
			Total	33000000	2.93 %

8. Information in relation to the person subject to the notification obligation

	Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).
X	Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity:

Name	% of voting rights (if at least 3% or more)	% of voting rights through instruments (if at least 5% or more)	Total of both (if at least 5% or more)
D. E. Shaw Valence Portfolios, L.L.C.	%	%	%
D. E. Shaw Valence International, Inc.	%	%	%

9. In case of proxy voting according to Sec. 34 para. 3 WpHG
(only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG)

Date of general meeting:
Holding total positions after general meeting (6.) after annual general meeting:

Proportion of voting rights	Proportion of instruments	Total of both
%	%	%

10. Other explanatory remarks:

Date

14 Apr 2026