TIDM59MK

RNS Number : 8116N

Deutsche Bank AG London

22 May 2020

22-May-20

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in

which such distribution would be unlawful.

State of Israel

Post-stabilisation Period Announcement

Further to the pre-stabilisation period announcement dated 27/04/20(1) Deutsche Bank AG (contact: DCM Syndication TA; telephone: 0207 54 54153 hereby gives notice that no stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) or the rules of the Financial Conduct Authority)(2) was undertaken by the Stabilisation Manager(s)(3) named below in relation to the offer of the following securities.

The Securities:

   Issuer:                                                                            State of Israel

Guarantor (if any):

   Aggregate nominal amount:                                       USD 5 Billion

Description: State of Israel USD 40yr

Stabilisation Manager(s): Goldman Sachs (Asia) L.L.C, Taipei Branch; Deutsche Bank AG, Taipei Branch

   Offer Price:                                                                         100%

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END

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