KfW exchangeable bonds exchanged into Deutsche Post AG shares. KfW stake falls to 30.6%.

Frankfurt (ots) - Almost all of the KfW bonds exchangeable for
shares in Deutsche Post AG which had been issued in December 2003,
have been exchanged, i.e. 99.58%. The bonds had been issued with a
volume of EUR 1.15 billion and a maturity until 8 January 2007. With
this exchange transaction, around 55.8 million shares held by KfW
were finally placed in the market.

The exchange price per share was EUR 20.54, including a premium of
30% to the share price at the time of the bond issue in 2003.

As a result of the transaction, the number of Deutsche Post AG
shares held by KfW decreases by 4.64% from 424 million shares to
368.3 million shares. KfW now holds approx. 30.6% of the share
capital of Deutsche Post AG. Concurrently, the free float of the
share increased from approx. 64.7% to approx. 69.4%.

NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES, CANADA OR
JAPAN

This press release is for information purposes only and does not
constitute an offer to sell, or a solicitation for an offer to buy
any securities. The distribution of this announcement and the offer
and sale of securities of Deutsche Post AG in certain jurisdictions
may be restricted by law. Any person reading this announcement should
inform themselves of and observe any such restrictions.

This press release and the information contained in this press
release is not intended to be distributed in the United States of
America ("United States")or within the United States. This press
release does not constitute an offer to sell or the solicitation of
an offer to purchase securities in the United States. Securities may
not be offered or sold in the United States absent registration or an
exemption from registration under the US Securities Act of 1933
("Securities Act"). The securities referred to in this press release
have not been and will not be registered under the Securities Act and
will not be publicly offered in the United States.

This announcement is furthermore only directed at persons who (i)
are outside the United Kingdom or (ii) are in the United Kingdom and
either (a) have professional experience in matters relating to
investments thereby falling within Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
"Order") or (b) to persons who fall under Article 49 of the Order
(high net worth companies, unincorporated associations etc). In the
following, all such persons are being referred to collectively as
"relevant persons". This announcement must not be acted on or relied
on by persons who are not relevant persons. Any investment or
investment activity to which this announcement relates is available
only to relevant persons and will be sold only to relevant persons.

The information contained in this press release is not intended to
be released or distributed in Canada or Japan and constitutes no
offer to sell securities in such jurisdictions.

Originaltext: KfW
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For further information please call:
Nathalie Drücke,
Phone: +49 (0)69 7431-2098, E-Mail: nathalie.druecke@kfw.de

KfW, Palmengartenstraße 5-9, 60325 Frankfurt
Kommunikation (KOM)
Tel. 069 7431-4400, Fax: 069 7431-3266,
E-Mail: presse@kfw.de, Internet: www.kfw.de


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