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Commerzbank AG provides you through Corporate Banking portal content, informaton and the accesss to different bank service applications.

The content shown is made available to you purely for information purposes and may not be reproduced, in part or as a whole, passed on to other persons, or published. This content is aimed exclusively at customers who are domiciled in one of the following countries of the Europen Union: Belgium, Germany, Denmark, Finland, France, Greece, Italy, Irleland, Luxembourg, Netherlands, Austria, Portugal, Spain und Schweden. In particular, customers domiciled in the United States of America, Canada and Great Britain have no right of access to that content. The content is provided exclusively for information purposes; this applies especially to product information, studies or other publications, or to assessments of securities.

The content shall not represent an individual investment recommendation, nor an invitation to subscribe or an offer to purchase or sell securities or other financial instruments. It is merely designed to facilitate the customer's own independent investment decision and does not replace investor or investment specific advice. Please contact your investment advisor for such advice. The only legally binding document for new issues and investment funds shall be the relevant sales prospectus.

Although Commerzbank AG procures and prepares the information content provided with all due care, we do so without liability for the correctness, completeness, relevance, accuracy and availability of the exchange data and economic information, exchange rates, prices, indices, general market data, valuations, assessments and other accessible content available to be called up and displayed. This also applies to content provided by third parties. Assessments and valuations reflect the opinions of the relevant author at the time of creation. Such assessments or valuations may be outdated, or may have changed in another way because of current developments without changes being made to such assessments, valuations, studies and information provided. Where content is provided by third parties, or reproduces the opinions of third parties, these may not agree with or may even contradict opinions held by Commerzbank AG. In particular the facts connected with product information only serve as illustrations and shall not represent statements on future profits or losses. Any terms and conditions stated are to be understood as non-binding indications and are dependent of the market activity on the date of closing.

The Commerzbank Group and/or its executive bodies, executives and staff may have/ have held, shares or interests in securities or financial products that are the subject matter of the content provided, especially regarding opinions, assessments or valuations. In addition Commerzbank AG may also have assumed market-maker functions for such securities. Commerzbank AG may also perform banking services or other advisory services for the issuers of such securities.

Information about credit transfers

Payment data of cross border credit transfers and other urgent payments are transferred via the only worldwide acting provider of financial messaging service SWIFT (Society for Worldwide Interbank Financial Telecommunication) based in Belgium to the beneficiary´s bank. For data security reasons, SWIFT stores the transaction data temporarily in their data processing center in the Netherlands and in Switzerland.

The occasion of this information is the resolution of the EU-Council in November 2009 to grant US-authorities access to credit transfer data from February 1st, 2010 until October 31st, 2010 in the data processing center in Switzerland in order to fight international terrorism.

Dow Jones

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Commerzbank constantly tries to verify and update the information of this internet portal. Nevertheless there might be a lack of actuality. We do neither make representations and warranties for the actuality, correctness or completeness of the information we provide nor for the actuality, correctness or completeness of the web-pages we refer to by hyperlink. Commerzbank AG provides those hyperlinks for information only and is not responsible for their content.

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This internet portal is designed for business entities with registered office in one of the following countries of the Europen Union: Belgium, Germany, Denmark, Finland, France, Greece, Italy, Irleland, Luxembourg, Netherlands, Austria, Portugal, Spain und Schweden. The English version is a not-binding translation and for your convenience only.

Disclaimer STOCK OPTIONS

STOCK OPTIONS / COSOPIA is designed for business entities with office in Germany being registered in Germany according to German law, and their employees who are residents of Germany. The information displayed on these pages is designed solely for use by these entities and persons. Commerzbank does not accept any liabilities concerning the usability of this information for other persons or in other locations. Users accessing this website from other locations will do so of their own accord and on their own risk. Commerzbank does not assume responsibility that this website, its use or the information within is in accordance with the laws effective in these locations. Any information recall must not affect other users.

Securities quotes are provided without guarantee and do not constitute any form of counseling or recommendation.

Copyright

Commerzbank owns all copyrights in this website. Downloading, copying and saving of all or parts of this website is only allowed for private reasons. Other measures or purposes require the written consent of Commerzbank. Creation of Links to this internet portal or the display of COSOPIA webpages in a frame is prohibited and requires written consent of Commerzbank. Commerzbank assures you of extraordinary diligence and compliance to applicable laws handling your personal data.

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