Washington, DC, April 29, 2008 – The International Bank for Reconstruction and Development (the "World Bank") rated Aaa/AAA, launched a 500 million South African Rand (ZAR) due November 10, 2011 for European retail investors. The ZAR 500 million bond is a syndicated transaction lead managed by Deutsche Bank. The co-lead managers are JP Morgan, KBC, RBC, and UBS.
 
Amount: ZAR* 500 million
Settlement date: May 8, 2008
Maturity date: November 10, 2011
Issue price: 100.5255%
Coupon: 11% annually
Denomination: ZAR 10,000
Listing: Luxembourg
Clearing systems: Euroclear and Clearstream
ISIN: XS0362287764

* On July 11, 2008, IBRD agreed to increase the principal amount of the bond by the launch of a second tranche for an amount of ZAR 500 million with an issue price of 98.9375% plus 74 days accrued interest (settlement date: July 21,2008). The new total outstanding principal amount

is ZAR 1 billion.

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.