/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, Sept. 9, 2022 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced a domestic public offering of $600 million of Non-Cumulative 5-Year Fixed Rate Reset Class A Preferred Shares, Series 56 (Non-Viability Contingent Capital (NVCC)) (the "Preferred Shares"). The Preferred Shares will be sold to certain institutional investors through a dealer syndicate led by CIBC Capital Markets.