6th Issuer Substitution

• - Old Issuer Substitution Clause – All Exchanges and non Listed
• - New Issuer Substitution Clause – Non Listed
• - New Issuer Substitution Clause - Germany

5th Issuer Substitution

• - New Issuer Substitution Clause - Germany
• - Old Issuer Substitution Clause - Germany
• - New Issuer Substitution Clause - Italy
• - Old Issuer Substitution Clause - Italy
• - New Issuer Substitution Clause - Nordics
• - Old Issuer Substitution Clause - Nordics and Luxembourg

4th Issuer Substitution

• - New Issuer Substitution Clause
• - Old Issuer Substitution Clause

3rd Issuer Substitution - Nordic

• - Amendment to Notice of Issuer Substitution - Nordic
• - 2nd Amendment to Notice of Issuer Substitution - Nordic
• - New Issuer Substitution Clause
• - Old Issuer Substitution Clause

2nd Issuer Substitution

• - New Issuer Substitution Clause
• - Old Issuer Substitution Clause

1st Issuer Substitution

• - New Issuer Substitution Clause
• - Old Issuer Substitution Clause

Holders of managed certificates can observe the performance of their certificates on http://pbterms.commerzbank.com

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