KfW Watch

from S-B 17 pages Dated May 14, 2012 KfW as Issuer Agency Rules Relating to Global Bonds Denominated in Euro, Global Notes Denominated in U.S. Dollars, Canadian Dollars and in Other Currencies Hengeler Mueller Frankfurt Am Main Contents

from S-B 17 pages Dated May 16, 2011 KfW as Issuer and the Bank of New York Mellon as Paying Agent in Respect of the Issuer’s Global Bonds Denominated in Euro, Global Notes Denominated in U.S. Dollars, Canadian Dollars and in Other Currencies and the Bank of New York Mellon (Luxembourg) S.A. as Registrar in Respect of the Issuer’s Global Bonds Denominated in Euro, Global Notes Denominated in U.S. Dollars, Canadian Dollars and in Other Currencies Agency Agreement Hengeler Mueller Frankfurt Am Main

from S-B 22 pages Dated January [L], 2009 KfW as Issuer and Deutsche Bank Trust Company Americas as Fiscal Agent and Registrar and Deutsche Bank Aktiengesellschaft as Exchange Rate Agent in Respect of the Issuer’s Medium-Term Notes Due Twelve Months or More From Date of Issue Amended and Restated Fiscal Agency Agreement

from S-B 19 pages Dated [•], 2008 KfW as Issuer and Deutsche Bank Aktiengesellschaft as Registrar and Paying Agent in Respect of the Issuer’s Global Bonds Denominated in Euro and Global Notes in Currencies Other Than U.S. Dollars, Euro or and Canadian Dollars and Deutsche Bank Trust Company Americas C/O Deutsche Bank National Trust Company as Registrar and Paying Agent in Respect of the Issuer’s Global Notes Denominated in U.S. Dollars and Canadian Dollars Amended and Restated Agency Agreement Hengeler Mueller Frankfurt Am Main

from S-B 52 pages Fiscal Agency Agreement Dated January 4, 2006 KfW as Issuer and Deutsche Bank Trust Company Americas as Fiscal Agent and Registrar and Deutsche Bank Aktiengesellschaft as Exchange Rate Agent in Respect of the Issuer’s Medium-Term Notes Due Nine Months or More From Date of Issue

from S-B 87 pages Dated December 15, 2006 KfW as Issuer and Deutsche Bank Aktiengesellschaft as Registrar and Paying Agent in Respect of the Issuer’s Global Bonds Denominated in Euro and Deutsche Bank Trust Company Americas as Registrar and Paying Agent in Respect of the Issuer’s Global Notes Denominated in U.S. Dollars and Canadian Dollars and as Registrar and Paying Agent in Respect of the Issuer’s Global Notes Denominated in Currencies Other Than Euro, U.S. Dollars and Canadian Dollars Amended and Restated Agency Agreement Hengeler Mueller Frankfurt Am Main

from POS AM 52 pages Form of Fiscal Agency Agreement Dated January [L], 2006 KfW as Issuer and Deutsche Bank Trust Company Americas as Fiscal Agent and Registrar and Deutsche Bank Aktiengesellschaft as Exchange Rate Agent in Respect of the Issuer’s Medium-Term Notes Due Nine Months or More From Date of Issue

from S-B 73 pages Dated December 16, 2004 KfW as Issuer and Deutsche Bank Aktiengesellschaft as Registrar and Paying Agent in Respect of the Issuer’s Global Bonds Denominated in Euro and Deutsche Bank Trust Company Americas as Registrar and Paying Agent in Respect of the Issuer’s Global Notes Denominated in U.S. Dollars and in Respect of the Issuer’s Global Notes Denominated in Currencies Other Than Euro and U.S. Dollars Amended and Restated Agency Agreement Hengeler Mueller Frankfurt Am Main

from S-B ~50 pages Indenture or similar