Commerzbank AG (London Branch) – Post Stabilisation Notice – KFW EUR5bn 2.875% Green SNR 30 June 2031

Post Stabilisation Notice

April 13, 2026

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»)

EUR5bn 2.875% Green Bonds due June 2031

Guaranteed by The Federal Republic of Germany

Launched pursuant to the Issuers EMTN Programme

Commerzbank (contact: Ian Turner; telephone: +44 207 475 1817) 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.

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|Issuer: |Kreditanstalt für Wiederaufbau |
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|Guarantor (if any): |The Federal Republic of Germany |
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|ISIN: |XS3344416287 |
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|Aggregate nominal amount: |€ 5,000,000,000 |
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|Description: |2.875% Green Bonds due 30 June 2031|
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|Stabilisaiton Coordinator:|Commerzbank AG |
| | |
|Stabilisation Managers: |Banco Santander S.A. |
| | |
| |NatWest Markets N.V. |
| | |
| |UBS AG London |
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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.

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