CIBC declares dividends

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    TORONTO, Dec. 4 /CNW/ - (CM: TSX; NYSE) - CIBC's board of directors today
declared a dividend of 87 cents per share on common shares for the quarter
ending January 31, 2009 payable on January 28, 2009 to shareholders of record
at the close of business on December 29, 2008.Class A Preferred Shares

    Other dividends per share for the quarter ending January 31, 2009, payable
on January 28, 2009 to shareholders of record at the close of business on
December 29, 2008, were declared as follows:

    Series 18 - $0.343750
    Series 19 - $0.309375
    Series 23 - $0.331250
    Series 26 - $0.359375
    Series 27 - $0.350000
    Series 28 - $0.020000
    Series 29 - $0.337500
    Series 30 - $0.300000
    Series 31 - $0.293750
    Series 32 - $0.281250
    Series 33 - $0.52401(*)

    (*) For the period from September 10, 2008 to January 31, 2009

For further information:

For further information: Rob McLeod, Senior Director, Communications and
Public Affairs, (416) 980-3714; or John Ferren, Vice-President, Investor
Relations, (416) 980-2088

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