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May 30, 1996

CIBC WI – Dividend Declared

At a meeting of the Directors on May 30, an interim dividend of two cents (Bd.$0.02) was declared on the common shares. Payment date is July 12 to shareholders on

CIBC Ja.- Interim Dividend

At a Board meeting July 23, 1996 approval was given for an interim cash dividend in respect of 1996 of twelve cents (12) per stock unit amounting to $23.2 million