Notice of Hearing: In the Matter of Canadian Imperial Bank of Commerce and CIBC World Markets Inc.

      TAKE NOTICE that the Ontario Securities Commission (the “Commission”) will hold a hearing pursuant to sections 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) at the Commission offices, 20 Queen Street West, 17th Floor, in Hearing Room A, Toronto, Ontario, commencing on the 21st day of December, 2009 at 1:00 p.m. or as soon thereafter as the hearing can be held;

      TO CONSIDER whether it is in the public interest to approve the settlement agreement entered into between Staff of the Commission (“Staff”), Canadian Imperial Bank of Commerce and CIBC World Markets Inc.;

      BY REASON OF the allegation set out in the Statement of Allegations dated December 18, 2009;

      AND TAKE FURTHER NOTICE that any party to the proceeding may be represented by counsel if that party attends or submits evidence at the hearing;

      AND TAKE FURTHER NOTICE that, upon failure of any party to attend at the time and place aforesaid, the hearing may proceed in the absence of that party, and such party is not entitled to any further notice of the proceeding.

      DATED at Toronto this 18^th day of December, 2009

"John Stevenson" John Stevenson                Secretary to the Commission