BUG #11039: installation fails when trying to install C++ redistributable

The following bug has been logged on the website:

Bug reference: 11039
Logged by: Rick Voland
Email address: rpvoland(at)spamcop(dot)net
PostgreSQL version: 9.4beta2
Operating system: Windows XP 32-bit
Description:

computer has MS-Windows XP SP3 32-bit with all security updates.
Pentium M, 2 GB RAM
1) I log in as administrator.
2) I uninstall postgresql-9.3.4-1.
3) I double-click on postgresql-9.4.0-beta2-windows.exe (32-bit)
4) Installation starts, shows postgresql splash screen, shows progress box
for Microsoft Redistributable C++ 12.x Runtime.
5) Progress bar never gets beyond initial position.
6) Another box displays error for running "getlocales.exe"
7) Installation program stops and cleans up.

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Microsoft website indicates that Visual C++ 2013 redistributable runs on
Windows XP. (versions 12.x as tried to install here)
http://www.microsoft.com/en-us/download/details.aspx?id=40784