21 October 2014

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

Kreditanstalt für Wiederaufbau KfW

Post Stabilisation Notice

Barclays Bank PLC (contact : Ralph Caluori) hereby gives notice that no stabilisation (within the meaning of the rules of the Financial Services Authority ) was undertaken by the Stabilising Manager(s) named below in relation to the offer of the following securities.

Issuer:

Kreditanstalt für Wiederaufbau KfW

Guarantor (if any):

Federal Republic of Germany

Aggregate nominal amount:

GBP 150m

Description:

TAP 2% Due 2018

Offer price:

100.850

Stabilisation Manager:

Barclays Bank PLC

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 an offer of securities for sale into the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration.There has not been and will not be a public offer of the securities in the United States.


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