COMMERZBANK AG: Pre Stabilisation - Deutsche Pfandbriefbank EUR 4yr

COMMERZBANK AG: Pre Stabilisation - Deutsche Pfandbriefbank EUR 4yr
Pre-Stabilisation notice 
2nd September 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                           
                                EUR 500,000,000                                
                       tba% Notes due 11 September 2017                        
                    Launched off the issuer's DIP 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 securities to be stabilised:                                               


                                                                           
Issuer:                        Deutsche Pfandbriefbank AG                       
                                                                           
Guarantor (if any):            n/a                                              
                                                                           
ISIN                           Tba                                              
                                                                           
Aggregate nominal amount:      EUR 500,000,000                                  
                                                                           
Description:                   EUR500mil tba% Notes due 11 September 2017       
                                                                           
Offer price:                   Tba                                              
                                                                           
Other offer terms:             Listing: Munich / denoms EUR1k+1k. Payment date  
                           9 September 2013.                                
                                                                           
Stabilisation:                                                                  
                                                                           
Stabilising Manager(s):        Coordinating Stabilisation Manager:              


                                                                               
                               Commerzbank Aktiengesellschaft                  
                                                                               
                               Stabilisation Managers:                         
                                                                               
                               Deutsche Bank AG                                
                                                                               
                               DZ Bank                                         
                                                                               
                               LBBW                                            
                                                                               
                               UniCredit                                       


                                                                           
Stabilisation period commences 2nd September 2013                               
                                                                           
Stabilisation period expected  No later than 30 days                           
to end on:                                                                      
                                                                           
Existence, maximum size and    The Stabilising Manager(s) may over-allot the   
conditions of use of           securities to the extent permitted in accordance
over-allotment facility.       with applicable German 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- Sep/02/2013 07:38 GMT