NDX NOTICE: #08-446 LISTING OF WARRANTS ISSUED BY COMMERZBANK AG

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As from November 6, 2008, 6 warrants issued by Commerzbank AG will be listed on NDX. The instruments will be registered at VPC AB.

Issuer: Commerzbank AG
Type of security: Call and put warrants of European type
Execution: Automatic cash settlement
Term: As from November 6, 2008 to expiry date
Market Maker: Commerzbank

For more details see attached file.

For further information concerning this NDX notice please call Market Surveillance, at +46 8 566 390 55.

Nordic Growth Market NGM AB


About NDX
Nordic derivatives Exchange (NDX) is a market for listing and trading of derivatives and other structured products. The market is operated by Nordic Growth Market (www.ngm.se), a regulated exchange under the supervision of the Swedish Financial Supervisory Authority.

NDX offers listing and trading of derivatives and structured products and the ambition is to offer issuers and other market participants a flexible market for all types of products. Especially important for NDX is the encouragement of a market driven product development as well as the establishment of a powerful framework for marketing of issuers and issuers' products.

NDX offers an increased influence for issuers and increased opportunities for product development. Further, NDX offers a platform that also aims at increasing the understanding and knowledge of derivatives and other structured products for the members' customers.