Post Stabilisation Notice - KFW

4-Nov-21

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

Post-stabilisation Period Announcement

Further to the pre-stabilisation period announcement dated 06/10/20211 Deutsche Bank AG Frankfurt (contact: DCM Syndication TA; telephone: 0207 54 54153 hereby gives notice that no stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) or the rules of the Financial Conduct Authority)2 was undertaken by the Stabilisation Manager(s)3 named below in relation to the offer of the following securities.

The Securities:

Issuer: Kreditanstalt fuer Wiederaufbau (KFW)

Guarantor (if any): the Federal Republic of Germany

Aggregate nominal amount: GBP 300m

Description: KfW GBP 300m Tap of 1.375% 15 Dec 2025

Stabilisation Manager(s): BofA / DB

Offer Price: 102.239%