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CIBC to redeem subordinated indebtedness

    TORONTO, April 22 /CNW/ - CIBC (CM: TSX; NYSE) today announced its
intention to redeem all $750,000,000 of its 4.25% Debentures (subordinated
indebtedness) due June 1, 2014 (the "Debentures"). In accordance with their
terms, the Debentures will be redeemed at 100% of their principal amount on
June 1, 2009. The interest accrued on the Debentures to the redemption date
will be paid through CIBC Mellon Trust Company in the usual manner. The
redemption will be financed out of the general corporate funds of CIBC.

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For further information:
For further information: Valentina Wong, CIBC Investor Relations, (416)
980-8306 or Jason Patchett, CIBC Investor Relations, (416) 980-8691 or Mary
Lou Frazer, CIBC Communications and Public Affairs, (416) 980-4111