Erste Group Bank AG: Intention to repurchase EUR 500,000,000 Undated Fixed to Fixed Resettable Notes (ISIN: XS1961057780)

Vienna (pta022/07.05.2024/10:40 UTC+2)

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: XS1961057780) (the "Notes") to tender any and all of their Notes for purchase by Erste Group for cash, at 99.25 per cent, with a settlement date on or around 21 May 2024 (the "Tender Offer").

The Tender Offer is made exclusively on the basis of a tender offer memorandum dated 7 May 2024 (the "Tender Offer Memorandum"), copies of which are available to Holders on the website of the Tender Agent or on their request from the Tender Agent. The Tender Offer will begin on 7 May 2024 and will expire at 5:00 p.m. (CEST) on 16 May 2024, 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 13 November 2023.

Disclaimer:

Neither the Tender Offer Memorandum nor this announcement constitutes or contains an offer of, or the solicitation of an offer to buy or subscribe for, securities issued by Erste Group to any jurisdiction in which the submission of such an offer or such an invitation to submit an offer or in which the submission of an offer by or to certain persons is prohibited. Holders of Notes who are outside of the Republic of Austria and who come into possession of this announcement and/or the Tender Offer Memorandum and/or who wish to make an offer to sell the Notes from outside the Republic of Austria are required to inform themselves about the relevant legal provisions in connection therewith and to comply with these provisions. Neither Erste Group nor the Tender Agent nor any of the Dealer Managers (as set out in the Tender Offer Memorandum) assumes any liability whatsoever in connection with the submission of an offer to sell notes from outside the Republic of Austria.

This announcement is mandatory pursuant to Article 17 of the Market Abuse Regulation. It does not constitute financial analysis or advice relating to financial securities. This announcement is neither a recommendation nor an offer, invitation or solicitation to purchase or sell any securities of Erste Group.

THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA OR IN OR INTO OR TO ANY PERSON RESIDENT OR LOCATED IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT.

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Emitter:	Erste Group Bank AG Am Belvedere 1 1100 Wien Austria
Contact Person:	Thomas Sommerauer / Gerald Krames
Phone:	+43 (0)50100-17326
E-Mail:	investor.relations@erstegroup.com
Website:	www.erstegroup.com
ISIN(s):	AT0000652011 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)
Other Stock Exchanges:	Bucharest Stock Exchange, Prague Stock Exchange