Investor Presentaiton

2 THE WORLD BANK IDA Notification in Relation to Private Placement of Bonds in Japan The following presentation can be considered to be a solicitation of offer to acquire bonds under the laws of Japan (the "Acquisition Solicitation"). This presentation, and any such Acquisition Solicitation, is targeted only to Qualified Institutional Investors (Q"QII") and only Qlls can be purchasers (the "Purchaser") of any bonds mentioned in this presentation. QIIs who would purchase any of the bonds mentioned herein are prohibited from transferring such bonds to any person other than another QII. Pursuant to Article 23-13 of the Financial Instruments and Exchange Law ("FIEL"), the following notification to each of the QIls receiving solicitation in relation to the Acquisition Solicitation of any bonds mentioned herein is hereby made as follows: - • • Note: As the Acquisition Solicitation falls under the situation as specified in Article 2(3)(ii)(a) of the FIEL, no securities registration statement has been or will be filed with respect to any of the bonds mentioned herein under Article 4(1) of the FIEL. The restriction that Qlls who would purchase any of the bonds mentioned herein are prohibited from transferring such bonds to any person other than another QII is stated in this presentation. - "Qualified Institutional Investor" or "QII" is defined in Article 10, paragraph 1 of the Cabinet Office Ordinance Concerning the Definitions as Stipulated in Article 2 of the Financial Instruments and Exchange Law (MOF Ordinance No. 14 of 1993, as amended) and refers to those investors that are deemed to have expert knowledge of, and experience with, investments in securities (Tekikaku Kikan Toshika). "FIEL" refers to the Financial Instruments and Exchange Law - Law No. 25 of 1948, as amended. ANY SOLICITATION OF OFFER TO ACQUIRE BONDS DISCUSSED IN THIS PRESENTATION IS INTENDED EXCLUSIVELY TO QUALIFIED INSTITUTIONAL INVESTORS IN JAPAN. THIS PRESENTATION IS FOR INFORMATION PURPOSES ONLY FOR, AND SHOULD NOT BE CONSTRUED AS A SOLICITATION OR OFFER OR RECOMMENDATION TO ENGAGE IN ANY TRANSACTION WITH, ENTITIES OR INDIVIDUALS THAT ARE NOT QUALIFIED INSTITUTIONAL INVESTORS IN JAPAN. IDA International Development Association WORLD BANK GROUP

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