1. February 2016 CONFIDENTIAL Global Markets: Access the products, services and know-how needed to effectively transact in multiple asset classes and markets around the world. Foreign Exchange | Commodities | Rates | Equity Derivatives Growth Markets | Tailored Products | Securitization

2. 1 CONFIDENTIAL Global Markets Coverage includes foreign exchange, commodities, fixed income, equities and growth markets Structured notes, equity derivatives and a range of interest rate, commodity and foreign exchange hedging solutions are also available We are positioned to source available Canadian pools of liquidity interacting with Canadian, U.S., and Foreign Equity order flow, and trade inter-listed symbols simultaneously in the Canadian and U.S. markets A full array of execution methods based on your preferences and needs that include access to: −Professionals on our trading desks −An advanced suite of electronic trading solutions −Trading capabilities on globally recognized multi-dealer platforms Asset-backed debt products are provided to clients 1 We work with corporations, government and institutional and retail clients across a broad array of asset classes. Comprehensive Global Markets Capabilities: Commodities Electronic Execution Equities Foreign Exchange Growth Markets Prime Brokerage Rates Research Risk Management Solutions Securitization Structured Notes Trading & Measuring Solutions

3. 2 CONFIDENTIAL Global Markets Global Markets professionals work closely with you to deliver innovative ideas and tailored solutions Intelligence from our widely-recognized Research teams include: −Timely economic analysis that delves into opportunities and risks in the Canadian and global markets −Cross-asset class research that offers insightful perspectives on rates, foreign exchange and government and corporate credit −High-quality equity research with in-depth coverage of all major sectors of the Canadian economy and select international companies Power your growth strategies with extensive resources from across CIBC Capital Markets.