Ms. Kathryn Lawler of CIBC reports

CIBC LAUNCHES ADDITIONAL EUROPEAN CANADIAN DEPOSITARY RECEIPTS ("CDRS")

Canadian Imperial Bank of Commerce (CIBC) has launched seven new European Canadian depositary receipts (CDRs), now listed on the Toronto Stock Exchange and available for trading. Introduced to investors over four years ago, CIBC has a total of 116 CDRs, spanning six countries, available in market.

CDRs make it easy to invest in 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 electronic access to global stocks while mitigating the currency risk associated with global investing.

CIBC's newest CDRs are based on well-known European companies. The seven new CDRs are listed below with corresponding TSX ticker symbols:

• Hermes CDR (CAD Hedged) -- HRMS;
• L'Oreal CDR (CAD Hedged) -- LORL;
• LVMH CDR (CAD Hedged) -- LVMH;
• Novo Nordisk CDR (CAD Hedged) -- NOVO;
• Sanofi CDR (CAD Hedged) -- SNY;
• Schneider Electric CDR (CAD Hedged) -- SCHN;
• TotalEnergies CDR (CAD Hedged) -- TTES.

These seven will add to the existing lineup of CDRs that are currently available for trading.

The prospectus supplement for these latest series of CDRs has been filed on SEDAR+.