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REG-Commerzbank AG: Post-stab KfW 3.125% € 5bn due 2030

Post-stabilisation notice

15 March 2023

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)

EUR 5 billion due 2030

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:                                               DE000A30V9J0                                
 Aggregate nominal amount:                           EUR 5,000,000,000                           
 Description:                                        3.125 % due 7 June 2030                     
 Stabilisation Coordinator: Stabilisation Managers:  Commerzbank Goldman Sachs Bank HSBC Nomura  

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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