Stabilisation Notice

RNS Number:0733W
Nomura International PLC
21 December 2005

21st December 2005

                Japan Bank for International Co-operation (JBIC)

                              Stabilisation Notice

Nomura International plc London (Sophia Rozza;[phone]) hereby gives
notice that the Stabilising Manager(s) named below undertook stabilisation
(within the meaning of the rules of the Financial Services Authority) in
relation to the offer of the following securities, as set out below.

Issuer:                           Japan Bank for International Co-operation

Guarantor (if any):               Japan

Aggregate nominal amount:         USD 1,000,000,000

Description:                      4.75% Global notes due 25-May-2011 - ISIN 
                                  codes XS0236310677 /US471048AB46 
                                  (blackfriars structure)

Stabilising Manager(s)            Nomura International plc - Nomura House, 1 
                                  St Martin's-le-Grand, London EC1A 4NP

                                  Morgan Stanley & Co International - 20 Cabot 
                                  Square, Canary Wharf, London, E14 4QA

                                  UBS Limited - 100 Liverpool Street, London, 
                                  EC2M 2RH

Stabilisation started:            17th November 2005

Stabilisation last occurred:      21st November 2005

This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or dispose
of any securities of the Issuer in any jurisdiction.

END


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