Canadian Bail-in Regime Update

Covered Bond Structure CIBC Seller Computershare Trust Company of Canada Bond Trustee / Custodian Trust Deed (incl. Covered Bond Guarantee) and Security Agreement Consideration Loans and Related Security Intercompany Loan Proceeds CIBC Covered Bond (Legislative) Guarantor LP Guarantor CIBC Issuer/Bank CIBC Interest Rate Swap Provider Repayment of Intercompany Loan CIBC Covered Bond Swap Provider Covered Bondholders Covered Bonds CMHC Registrar Ernst & Young Asset Monitor In April 2012, the Canadian government introduced legislation which provides a framework for the issuance of covered bonds by Canadian financial institutions In July 2012, the National Housing Act was amended to establish a legal framework for covered bond programmes in Canada Eligible collateral consists of uninsured Canadian residential mortgage loans and home equity lines of credit 1 There will be monthly monitoring tests completed on the programme that are independently verified by auditors on at least an annual basis, as well as periodic reviews completed by the rating agencies On a monthly basis, investor reports are published on the CIBC Investor Relations website (www.cibc.com/ca/investor-relations/debt-info/legislative-covered-bond- program.html) CMHC has been given responsibility to administer the legal framework for Canadian registered covered bond programmes CIBC 1. No plans to include home equity lines of credit in the near future 39

View entire presentation