Erste Group Bank AG - Tender Offer - Launch

Erste Group Bank AG intends to repurchase EUR 500,000,000 Undated Fixed to Fixed Resettable Notes (ISIN: XS1597324950)

05 SEPTEMBER 2023

Full announcement including disclaimers and offer restrictions available via Pressetext

Erste Group Bank AG ("Erste Group") will publish today an invitation to holders (the "Holders") of its EUR 500,000,000 Undated Fixed to Fixed Resettable Notes (ISIN: XS1597324950) (the "Notes") to tender any and all of their Notes for purchase by Erste Gro up for cash, at 100 per cent, with a settlement date on or around 15 September 2023 (the "Tender Offer").

The Tender Offer is made exclusively on the basis of a tender offer memorandum dated 5 September 2023 (the "Tender Offer Memorandum"), copies of which are available to Holders on their request from the Tender Agent. The Tender Offer will begin on 5 September 2023 and will expire at 5:00 p.m. (CEST) on 12 September 2023, unless extended, re opened, amended or terminated as provided in the Tender Offer Memorandum. Instructions to participate in the Tender Offer are to be submitted in accordance with the provisions of the Tender Offer Memorandum to Kroll Issuer Services Limited The Shard, 32 London Bridge Street, London SE1 9SG, United Kingdom as the tender agent (the "Tender Agent"). Any Notes tendered by the Holders may be rejected at the sole discretion of Erste Group.

Furthermore, Erste Group intends, subject to market conditions, to issue a new series of euro denominated undated fixed to fixed resettable Additional Tier 1 notes under the base prospectus for its Additional Tier 1 Notes Programme dated 11 November 2022."

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