REG-Commerzbank Aktiengesellschaft Commerzbank Takes Note of Publication of UniCredit’s Offer Document

COMMERZBANK AGAnnouncement

05/05/2026 12:15

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   Commerzbank Aktiengesellschaft (CZB)
   Commerzbank Takes Note of Publication of UniCredit’s Offer Document

   05-May-2026 / 13:06 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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     • UniCredit publishes offer document on unchanged terms: 0.485 UniCredit
       shares per Commerzbank share, equivalent to approximately €31.07 per
       share based on UniCredit’s closing price of €64.06 as of 4 May 2026
     • Implied offer price represents a discount of 8.7% to the prior day's
       closing price of Commerzbank of €34.02
     • Commerzbank’s Board of Managing Directors and Supervisory Board will
       review the offer document and publish their reasoned opinion pursuant
       to Section 27 of the German Securities Acquisition and Takeover Act
       (WpÜG)
     • Commerzbank will present quarterly results and strategy update through
       2030 on 8 May 2026

   Commerzbank AG takes note of the offer document published today by
   UniCredit S.p.A. as part of its unsolicited takeover offer.

   The offer reflects the terms announced on 16 March 2026: UniCredit is
   offering 0.485 new UniCredit shares per Commerzbank share, which, based on
   UniCredit’s closing price of €64.06 as of 4 May 2026, the day prior to
   publication of the offer document, corresponds to a price of approximately
   €31.07. The implied offer price thus represents a discount of 8.7% to the
   prior day’s closing price of Commerzbank shares of €34.02.

   The Board of Managing Directors and the Supervisory Board of Commerzbank
   will carefully review the offer document and publish their reasoned
   opinion pursuant to Section 27 of the German Securities Acquisition and
   Takeover Act (WpÜG) within the statutory deadline.

   On 8 May, Commerzbank will present its quarterly results alongside a
   strategy update including updated financial targets through 2030.

    

   Press contact
   Max Hohenberg +49 69 9353-34249

   Investors’ contact
   Christoph Wortig +49 69 9353-47710

    

   About Commerzbank
   With its two business segments – Corporate Clients and Private and
   Small-Business Customers –, Commerzbank, as a full-service bank, offers a
   comprehensive portfolio of financial services. It is the leading bank in
   the Corporate Clients Business in Germany and for the German Mittelstand
   and a strong partner for around 24,000 corporate client groups and
   accounts for approximately 30% of German foreign trade. The Bank is
   present internationally in more than 40 countries in the corporate
   clients’ business – wherever its Mittelstand clients, large corporates,
   and institutional clients need it. In addition, Commerzbank supports its
   international clients with a business relationship to Germany, Austria, or
   Switzerland and companies operating in selected future-oriented
   industries. With more than €400bn assets under management, Commerzbank is
   also one of the leading banks for private and small-business customers in
   Germany. Under the brand Commerzbank, it offers a wide range of products
   and services with an omni-channel approach: online and mobile, via phone
   or video in the remote advisory centre, and personally in its around
   400 branches. Under the brand comdirect, it offers all core services as a
   digital primary bank 24/7 and, as a performance broker, solutions for
   saving, investing, and securities trading. Its Polish subsidiary mBank
   S.A. is an innovative digital bank that serves around 5.9 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, amongst others, 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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   Dissemination of a Regulatory Announcement, transmitted by  1 EQS Group.
   The issuer is solely responsible for the content of this announcement.

   View original content:  2 EQS News

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   ISIN:          DE000CBK1001
   Category Code: MSCL
   TIDM:          CZB
   LEI Code:      851WYGNLUQLFZBSYGB56
   Sequence No.:  426486
   EQS News ID:   2321716


    
   End of Announcement EQS News Service

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