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German State of North Rhine-Westphalia (NRW)

Post-Stabilisation Notice

NatWest Markets Plc (contact: Rom Balax, TEL: +44 207 085 6268) hereby gives notice that no stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014)), was undertaken by the Stabilising Manager(s) named below in relation to the offer of the following securities.

Issuer:   German State of North Rhine-Westphalia (NRW) Guarantor (if any): n/a Aggregate nominal amount: USD1bn Description: 2-year FRN, DE000NRW0LD7 Stabilising Manager(s) Nomura International Plc

NatWest Markets Plc

Scotiabank Europe PLC (co-ordinating stabilisation manager)

Offer price: 100

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.

NatWest Markets PlcRom BalaxTEL: +44 207 085 6268