Canadian Bail-in Regime Update

Sustainable Returns to Shareholders 8.00% 7.50% 7.00% 6.50% 6.00% 5.50% 5.00% 4.50% 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% Q2 2003] CIBC has a strong track record of shareholder returns Quarterly Dividend (RHS) CIBC has not missed a regular dividend or reduced its dividend since the first dividend payment in 18681 Flat dividends from Q2-2020 to Q4-2021 due to temporary OSFI policy2 Q2 2009 Q1 2010 Yield (LHS) Q4 2010] Q3 2011 Q2 2012 Q1 2013] Q4 2013] Q3 2014] Q2 2015 Q1 2016. Q4 2016 Q3 2017] Q2 2018 Q1 2019 Q4 2019] Q3 2020 Q2 2021 Q1 2022 Q4 2022] Q3 2023] $- $1.00 $0.90 $0.80 $0.70 $0.60 $0.50 0 $0.40 $0.30 $0.20 $0.10 CAD CIBC Source: CIBC Note: Dividend of CAD 0.90 per share for the quarter ending January 31, 2024 payable on February 29, 2024 to shareholders of record at the close of business on December 28, 2023 1. On April 7, 2022, CIBC shareholders approved a two-for-one share split (Share Split) of CIBC's issued and outstanding common shares. Each shareholder of record at the close of business on May 6, 2022 (Record Date) received one additional share on May 13, 2022 (Payment Date) for every one share held on the Record Date. 2. On March 13, 2020, OSFI prohibited dividend increases and cancelled future share buybacks. On November 4, 2021, OSFI announced, with immediate effect, the lifting of the temporary restrictions on regular dividend increases and common share repurchases. 17

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