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CIBC to redeem subordinated indebtedness 

    TORONTO, Aug. 27 /CNW/ - CIBC (CM: TSX; NYSE) today announced its
intention to redeem all $500,000,000 of its 4.50% Debentures (subordinated
indebtedness) due October 15, 2014 (the "Debentures"). In accordance with
their terms, the Debentures will be redeemed at 100% of their principal amount
on October 15, 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
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