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Folie 1 - Commerzbank AG

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Positive outlook for 2007<br />

PBC<br />

MSB<br />

C&M<br />

CRE<br />

PFT<br />

Group<br />

August 9th, 2007<br />

H1 06 1 H2 06 2 H1 07 2 Outlook FY 2007<br />

189<br />

271<br />

349<br />

262<br />

203<br />

98*<br />

533<br />

276<br />

298<br />

91<br />

249<br />

535<br />

383<br />

317<br />

Operating profit should exceed €350m<br />

Similar level for H2 2007 as in H1 2007<br />

Similar level as in FY 2006 (€625m)<br />

H2 2007 in-line with H1 2007<br />

H2 2007 in-line with H1 2007<br />

FY 2007 net RoE expected to exceed our 12% target significantly<br />

1 pro-forma operating profit in € m<br />

95<br />

2 operating profit in € m<br />

* excl. One-off provision of €293m<br />

18

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