1. CONFIDENTIAL February 2016

2. Leading Edge Electronic Trading Capabilities @ CIBC brings you sophisticated trading solutions that put you ahead of the curve. 1 Tied for 3rd for Perceived Quality of Research Coverage (Brendan Wood International, Worldwide Equity Capital Markets Performance – Canadian Equities 2014 Report). Avery Shenfeld: 2014 TopGun Equity Analyst – Economics (Ranked #2 according to the Brendan Wood International 2014 Canadian Equity Research Sales & Trading Performance Report). CONFIDENTIAL From equities to foreign exchange, fixed income and more, we provide efficient access to markets and liquidity Now we have enhanced our offering by bringing together all of our e-capabilities into a unified offering: @ CIBC This integrated offering delivers optimal access to liquidity, speed, competitive pricing and the enhanced risk controls you want when connecting to the market Beyond trading, @ CIBC gives you access to market structure expertise, insightful analytics, industry-renowned research 1 and intelligence into markets and economies Leverage comprehensive services and robust trading tools @ CIBC. 1

3. Robust Trading Tools Readily access multiple asset classes or tap into liquidity on recognized multi-dealer platforms. 2 CONFIDENTIAL FX Online @ CIBC −Order foreign currency wires and drafts, transfer funds between cross-currency accounts and more — all in one transaction from your desktop −The online payments platform can be used to trade a range of currency products — from spots and swaps to open and fixed-dated forward contracts — and conveniently confirm and settle trades electronically or over the telephone Fixed Income Online @ CIBC −Easily trade fixed income instruments, such as Government of Canada, provincial, municipal, crown and corporate bonds −Advanced functionality enables you to search offerings and securities, allocate orders among accounts, maintain custom portfolios and customize the presentation of data on your screen Money Market Online @ CIBC −Access CIBC bankers acceptances and Canadian pay securities, including Bank of Canada and crown T-bills, commercial paper and provincial and municipal short- term notes Take your trading strategies to a new level. Do more @ CIBC.

4. Robust Trading Tools Get breadth of access and depth of liquidity where and when you need it. 3 CONFIDENTIAL Power Play @ CIBC −Institutional and large corporate users get optimal access to global liquidity through our low-latency infrastructure −A variety of capabilities are available through one local connection including depth of book, advanced order management, algorithmic execution and FIX API connectivity −We also have a presence on globally recognized multi- dealer platforms for clients wanting to trade on these venues Co-Location @ CIBC −Help maximize trading strategies through Co-Location @ CIBC, our low-latency access to the Canadian equity and derivative marketplaces −We work with the TMX Group in Markham — a premiere co-location facility and the only one in Canada designed and built exclusively for capital markets −We have also co-located our foreign exchange infrastructure at Equinix™ in New York and London, enabling us to interconnect locally to many inter-bank and multi-dealer trading venues, and leverage connectivity for fast price discovery and efficient execution Experience the difference @ CIBC.

5. Robust Trading Tools Leverage capabilities that drive your access to liquidity, and support fast price discovery and efficient execution. 4 1 TSX and ATS Market Share Report, 2009-present, IRESS Market Technology as at date of publication; #1 in volume, value and number of trades. CONFIDENTIAL Execution @ CIBC −As the leader in Canadian equity trading 1, clients leverage advanced direct electronic access to lit and dark markets trading Canadian equities and seamless interlisted trading −In addition, CORE @ CIBC, our central order routing engine, automatically sources liquidity for inter-listed securities in both Canadian and U.S. markets — optimizing price and cross-border liquidity discovery −As a technology leader, we are a destination choice from every major EMS/OMS platform CORE @ CIBC −Let intelligence, reliability and speed drive your choice of execution destinations with CORE @ CIBC, our smart order router −CORE is powered by an ultra low-latency, high-throughput engine that supports static, dynamic and compound rules using specialized hardware −Let CORE drive your access to liquidity with flexible and controllable routing capabilities, real-time liquidity profiling and robust risk filtering See how we deliver the edge you need to power your trading strategies @ CIBC.

6. Robust Trading Tools Tap into a range of advanced trading strategies, and risk controls to safeguard your order flow. 5 1 CIBC Capital Markets is a Greenwich Share Leader in Canadian Equity Algorithmic Trading (Greenwich Associates Canadian Equity Investors Study 2014 - 2015). Powered by Pragma TM and the Pragma logo are trademarks of Pragma Securities, LLC and used herein with permission of Pragma Securities, LLC. Pragma Securities, LLC is not an affiliate of Canadian Imperial Bank of Commerce or any of its affiliates. CONFIDENTIAL Algos @ CIBC −Powered by Pragma™, our powerful set of algorithms 1 for Canadian, U.S. and inter-listed execution is built to help you better navigate an increasingly complex marketplace −We provide a range of advanced trading strategies — from Trajectory-Based to Opportunistic and Dynamic DMA — offering high-quality and risk-controlled execution, with reduced market impact Filters @ CIBC −Our customized gating solutions provide a variety of risk controls to safeguard your order flow, including credit checks, open exposure limits, price collars, position limits, restricted lists and more, tailored to your trading style Benefit from our advanced suite of electronic trading solutions. Get more @ CIBC.

7. Robust Trading Tools Outsource functions to a proven counterparty and stay on top of market developments with extensive thought leadership pieces. 6 CONFIDENTIAL Broker Services @ CIBC −As regulations continue to evolve, we are helping broker-dealers focus exclusively on the key areas of their businesses where they can add value by accessing a wide range of outsourced services −Focus on your core revenue-generating activities while Broker Services @ CIBC handles your clearing and financing, execution, market access, risk management, operations and technology infrastructure Analytics and Market Structure @ CIBC −Access our series of briefing notes and white papers that address a wide range of subjects that impact the operating environment and competitiveness of the Canadian marketplace, such as IIROC studies, market volumes, pricing models and much more −Clients who trade @ CIBC also have access to the full breadth of economics, equity research and capital markets investment strategy our specialists provide Find the expertise, insight and intelligence you want when connecting to the markets. Get more @ CIBC.