Common Share Description

Authorized

An unlimited number of common shares without par value issuable for an aggregate consideration not exceeding $10 billion.

Outstanding

380,769,941 shares as at April 30, 2008

Listings

Toronto and New York under ticker symbol "CM"

CUSIP

CUSIP # 136069-10-1

Restrictions on ownership

Under the Bank Act (Canada), no person or group of associated persons may own more than 10% of any class of bank shares. Canadian or foreign governments are prohibited from owning any bank shares.

Restrictions on the payment of dividends

CIBC is prohibited by the Bank Act (Canada) from declaring any dividends on its preferred or common shares when CIBC is, or would be placed by such declaration, in contravention of the capital adequacy and liquidity regulations or any regulatory directives issued under the Act. In addition, the ability to pay common share dividends is restricted by the terms of the outstanding preferred shares whereby CIBC may not pay dividends on its common shares at any time unless all dividends to which preferred shareholders are then entitled have been declared and paid or set apart for payment.

Voting rights

Holders of CIBC common shares are entitled to one vote for each common share held. This voting privilege applies to all shareholder meetings, except meetings at which only holders of a specified class or series of preferred shares are entitled to vote.

Stock splits

March 27, 1997	Two for one (by way of a 100% stock dividend)
January 31, 1986	Two for one
August 9, 1967	Five for one

Latest public offering

January 14, 2008

23,904,380 shares issued by private placements at $65.26
21,441,750 shares issued by public offering at $67.05

Valuation day price

For capital gains purposes, common shares closed at $6.4375 per share on Valuation Day, December 22, 1971, after adjusting for a two-for-one stock split on January 31, 1986 and a two-for-one stock split by way of a 100% stock dividend on March 27, 1997.

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