Post-stabilisation notice
16th January 2018
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
KFW
0.625 % € 5,000,000,000 Global SEC registered Notes due 2028
Post-Stabilisation Notice
Commerzbank (contact: Daniela Olt-Farrelly; telephone: +49 69 13623492 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: | DE000A2GSNR0 |
| Aggregate nominal amount: | € 5,000,000,000 |
| Description: | 0.625 % senior, unsecured Notes due 7th January 2028 |
| Stabilisation Coordinator: Stabilisation Managers: | Commerzbank BNP Goldman Sachs |
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 theUnited States or any other jurisdiction in which such distribution would be unlawful.
