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COMMERZBANK AG: Pre-Stabilisation Deutsche Pfanbriefbank €500mil 4yr


COMMERZBANK AG: Pre-Stabilisation Deutsche Pfanbriefbank €500mil 4yr Pre-Stabilisation notice

23rd January, 2013

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.


                          Deutsche Pfandbriefbank AG                           
                                 €500,000,000                                 
                   0.875%. Mortgage Pfandbrief due 30 January 2017                
                   Launched off the issuer's EMTN Programme                    

Stabilisation Notice

Commerzbank AG (contact: Ian Turner; telephone: 44-207-475-1817) hereby
announces that the Stabilising Manager(s) named below may stabilise the offer
of the following securities in accordance with Commission Regulation (EC) No.
2273/2003 implementing the Market Abuse Directive (2003/6/EC).

The security to be stabilised:                                                 

Issuer: Deutsche Pfandbriefbank AG

Guarantor (if any): n/a

ISIN DE000A1RFEY7

Aggregate nominal amount: € 500,000,000

Description: €500mil 0.875% Hypotheken due 30 January

2017

Offer price: 99.785

Other offer terms: Payment 30-Jan, Listing Munich. Denoms:


                                    1k+1k. Expected Rating: Aa1 Moody's / AA+ S
                                    &P                                         

Stabilisation:

Stabilising Manager(s): Coordinating Stabilsation Manager:


                                                                               
                                    Commerzbank Aktiengesellschaft             
                                                                               
                                    Stabilisation Managers                     
                                                                               
                                    Barclays Bank plc                          
                                                                               
                                    BNP Paribas                                
                                                                               
                                    NORD/LB                                    
                                                                               
                                    UniCredit                                  

Stabilisation period commences 23rd January, 2013

Stabilisation period expected to No later than 30 days end on:

Existence, maximum size and The Stabilising Manager(s) may over-allot conditions of use of over-allotment the securities to the extent permitted in facility. accordance with applicable law.

In connection with the offer of the above securities, the Stabilising Manager (s) may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilising Manager(s) will take any stabilisation action and any stabilisation action, if begun, may be ended at any time Any stabilisation action or over-allotment shall be conducted in accordance with all applicable laws and rules.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not for distribution, directly or indirectly, in or into the United States or any other jurisdiction in which such distribution would be unlawful.

END

-0- Jan/23/2013 13:33 GMT

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