Post-stabilisation notice
20th March 2018
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.
FMS Wertmanagement
USD 500,000,000 senior, unsecured Tap due 2020
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: | FMS Wertmanagement |
| Guarantor (if any): | The Financial Market Stabilisation Fund of the Federal Republic of Germany |
| ISIN: | XS1762964028 |
| Aggregate nominal amount: | USD 500,000,000.00 |
| Description: | 2.25% senior, unsecured Notes due 3rd February 2020 - immediately fungible |
| Stabilisation Coordinator: Stabilisation Managers: | Commerzbank AG Credit Agricole CIB Toronto-Dominion Bank |
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.
