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Korea Development Bk (72XV)

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Tuesday 03 July, 2007

Korea Development Bk

Early Redemption

KOREA DEVELOPMENT BANK
                  

                             Korea Development Bank

                               USD 10,000,000 MTN

                               Floating Rate Notes

                                   Due 07/2014


                                  XS0196021843

Please be advised that the Issuer has called the above issue in full for value
12.07.2007.

The new outstanding is Nil.

Please arrange for this to be reflected in your records.