Post-stabilisation notice

February 2, 2022

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

Kreditanstalt fuer Wiederaufbau (KFW)

€ 5 bn senior, unsecured Notes due 2027

Post-Stabilisation Notice

Commerzbank (contact: Daniela Olt-Farrelly; telephone: +49 69 136-20) hereby gives notice that no stabilisation (within the meaning of Article 3.2 (d) of the Market Abuse Regulation (EU Regulation 596/2014) was undertaken by the Stabilising Managers named below in relation to the offer of the following securities.

Issuer: KfW
Guarantor (if any): Federal Republic of Germany
ISIN: DE000A3MP7H9
Aggregate nominal amount: € 5,000,000,000
Description: 0% Notes due 30th April 2027
Stabilisaiton Coordinator:
Stabilisation Managers:
Commerzbank AG
Goldman Sachs Europe
HSBC
SG CIB

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not for distribution, directly or indirectly, in or into the United States or any other jurisdiction in which such distribution would be unlawful.

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