Washington, DC, May 8, 2008 – The International Bank for Reconstruction and Development (the "World Bank") rated Aaa/AAA, issued a Russian Ruble (RUB) 3-year note. The notes will be placed with retail and institutional investors in Luxembourg, Switzerland, Germany, as well as Italian asset managers. TD Securities is the sole lead manager of the transaction, JP Morgan is the co-lead manager, and Deutsche Bank and UBS are co-managers.

Amount: RUB 1,500 million
Settlement Date: May 27, 2008
Maturity Date: May 27, 2011
Issue Price: 100.854%
Coupon: 6.75% annually
Denomination: RUB 10,000
Listing: Luxembourg
Clearing Systems: Euroclear and Clearstream
ISIN: XS0364160688

The World Bank's bond products and investor presentation can be accessed through the website of the World Bank for bond investors (www.worldbank.org/debtsecurities). For a list of selected bonds issued recently by the World Bank, see: http://treasury.worldbank.org/recentissues.