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PRESS RELEASE January 16, 1976

World Bank Announces Subscription of 100 Million Dutch Guilders 7-Year Notes

The International Bank for Reconstruction and Development today announced that a placement of 100,000,000 Dutch guilders 8% Seven-Year Notes, offered on January 12 at a price of 100%, has been fully subscribed. Consequently, the subscription was closed today. These notes were placed with non-residents of The Netherlands by a syndicate of Dutch banks headed by Algemene Bank Nederland N.V. Other members of the syndicate are. Amsterdam-Rotterdam Bank N.V.,

Bank Mees en Hope NV and Pierson, Heldring en Pierson N.V.