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CIBC continues offer to purchase outstanding Series 28 Preferred Shares

    TORONTO, Nov. 20 /CNW/ - CIBC (CM: TSX; NYSE) announced that it is
continuing with its offer to purchase for cancellation all of the outstanding
Class A Preferred Shares, Series 28 ("Series 28 Shares") from holders at a
price of $10.00 per Series 28 Share.
    The offer may be withdrawn by CIBC by providing 60 days notice, in French
and English, in a national Canadian newspaper. The offer will expire without
notice on June 17, 2009.
    Holders should contact their broker for assistance in accepting this
offer. Brokers should contact CIBC World Markets Inc. at (416) 956-6045
referencing the Series 28 Shares for further information.
    %SEDAR: 00002543E

For further information:
For further information: John Ferren, Vice-President, Investor
Relations, (416) 980-2088 or Mary Lou Frazer, Senior Director, Investor &
Financial Communications, (416) 980-4111