Ms. Jill Sutherland reports

CIBC TO LAUNCH ADDITIONAL U.S. CANADIAN DEPOSITARY RECEIPT

Canadian Imperial Bank of Commerce (CIBC) intends to list a new U.S. Canadian depositary receipt on the Toronto Stock Exchange, with trading expected to begin on Nov. 18, 2026. With this addition, CIBC will offer 145 CDRs across six countries.

Introduced to investors over five years ago, CDRs make it easy to gain access and exposure to many of the world's largest companies -- in Canadian dollars. Offered at a fraction of the price per share of the underlying reference share and with a built-in notional currency hedge, CDRs provide investors with affordable access to global stocks while mitigating the currency risk associated with global investing.

CIBC's CDRs represent well-known U.S. companies. The new CDR is listed below with the corresponding TSX ticker symbol:

• Nebius Group CDR (CAD Hedged) -- NBIS.

This listing will add to the existing lineup of CDRs which are currently available for trading.

The prospectus supplement for this latest CDR has been filed on SEDAR+.

About Canadian Imperial Bank of Commerce (CIBC)

CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across personal and business banking, commercial banking, wealth management, and capital markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world.