Board of Managing Directors of KfW IPEX-Bank GmbH expanded / Christiane Laibach appointed as new board member / Christian K Murach seconded to KfW for limited time

Frankfurt am Main (ots) - KfW Bankengruppe, as shareholder of KfW
IPEX-Bank GmbH, today appointed Christiane Laibach as a further
Managing Director of KfW IPEX-Bank effective immediately. The Board
of Managing Directors of KfW IPEX-Bank is thus being expanded from
four to five members.

Most recently Ms Laibach served as Director of the Aviation
Finance Department. An economist, the 46-year-old joined KfW in 1990.
Following various positions within the Export and Project Finance
Division as well as secondments to KfW Entwicklungsbank and Credit
Suisse First Boston in New York, she went on to serve as First Vice
President of the Rail and Road Department for four years. In 2001 she
was appointed Senior Vice President and took over as head of Aviation
Finance. On the Board of Managing Directors she will initially be in
charge of the business area managed by Mr Murach. This area includes
the departments of Aviation, Shipping, Rail and Road, Ports,
Airports, Real Estate, Construction Industry/PPP as well as Leveraged
Finance/Mezzanine/Equity and Syndication and Treasury.

Christian K Murach will take a leave of absence from the Board of
Managing Directors of KfW IPEX-Bank for an undefined period in order
to serve the Board of Managing Directors of KfW Bankengruppe under
special assignment. Afterwards Mr Murach will resume his work on the
Board of Managing Directors of KfW IPEX-Bank. Other board members are
Michael Ebert, Markus Scheer and Heinrich Heims (Speaker).

About KfW IPEX-Bank GmbH

Within KfW Bankengruppe KfW IPEX-Bank GmbH provides project and
corporate finance and offers trade and export finance both in Germany
and abroad. Worldwide it conducts all market activities of KfW
Bankengruppe that are carried out on commercial terms. KfW IPEX-Bank
GmbH has been operating as a legally independent subsidiary since 1
January 2008 and continues to play an important role in fulfilling
the promotional mission assigned to KfW Bankengruppe. It has some 450
staff (as at March 2008) and is represented in key economic and
financial centres throughout the globe.

Originaltext: KfW-IPEX-Bank
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Pressekontakt:
KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 Frankfurt
Pressestelle: E-Mail: dela.strumpf@kfw.de
Tel. 069 7431-2984, Fax: 069 7431-9409, E-Mail:
info@kfw-ipex-bank.de, Internet: www.kfw-ipex-bank.de