pta20191118023
Holding announcement according to article 135 section 2 BörseG (ESMA 2015/1597)

BAWAG Group AG: Release according to art. 135 section 2 BörseG

Vienna (pta023/18.11.2019/23:00 UTC+1) - Release of Announcement according to article 135 section 2 BörseG

Notification of Major Holdings

1. Issuer
BAWAG Group AG, Wiedner Gürtel 11, 1100 Wien, Austria

2. Reason for notification
Acquisition / disposal of shares with voting rights

3. Details of person subject to the notification obligation

Name: Steven A. Tananbaum

4. Names of shareholders, if different from declarants (3)
GoldenTree HoldCo Lux 1 S.à.r.l.
GoldenTree HoldCo Lux 2 S.à.r.l.
GoldenTree HoldCo Lux 3 S.à.r.l.
GoldenTree Asset Management Dutch BV
GN3 SIP LP
Stichting PGGM Depositary

5. Date on which threshold was crossed or reached
12.11.2019

6. Total positions

  % of voting rights attached to shares (total of 7.a.) % of voting rights through instruments (total of 7.b.1 + 7.b.2) total of both in % (7.a. + 7.b.) total number of voting rights of issuer
Resulting situation on the date on which threshold was crossed / reached 24,97 n/a 24,97 100,000,000
Position of previous notification 25,69 n/a 25,69

7. Notified details of the resulting situation

7.A: Voting rights attached to shares

ISIN code absolute direct (Sec 130 BörseG 2018) absolute indirect (Sec 133 BörseG 2018) in % direct (Sec 130 BörseG 2018) in % indirect (Sec 133 BörseG 2018)
AT0000BAWAG2 24,973,335 0 24.97 0.00
Total:   24,973,335   24.97

7.B.1: Financial / Other Instruments pursuant to Sec. 131 para. 1 No. 1 BörseG 2018

type of instrument Maturity / Expiration Exercise or conversion period Voting Rights Absolute Voting Rights in %
    Total: 0 0

7.B.2: Financial / Other Instruments pursuant to Sec. 131 para. 1 No. 2 BörseG 2018

type of instrument Maturity / Expiration Exercise or conversion period Cash or physical transaction Voting Rights Absolute Voting Rights in %
      Total: 0 0

8. Information in relation to the person subject to the notification obligation

Full chain of controlled undertakings through which the voting rights and/or the financial/other instruments are effectively held starting with the ultimate controlling natural person or legal entity.

No. Name Directly controlled by No. Shares held directly (%) Financial/other instruments held directly (%) Total of both (%)
1 Steven A. Tananbaum n/a n/a n/a
2 GoldenTree Asset Management LLC 1 n/a n/a n/a
3 GoldenTree Asset Management LP 2 n/a n/a n/a
4 High Yield and Bank Loan Series Trust 3 n/a n/a n/a
5 San Bernardino County Employees Retirement Association 3 n/a n/a n/a
6 City of New York Group Trust 3 n/a n/a n/a
7 GT NM, L.P. 3 n/a n/a n/a
8 GoldenTree Partners, II, L.P. 3 n/a n/a n/a
9 GoldenTree Offshore Intermediate Fund II, L.P. 3 n/a n/a n/a
10 GoldenTree Partners (100), L.P. 3 n/a n/a n/a
11 GoldenTree Insurance Fund Series Interests of the SALI Multi-Series Fund, L.P. 3 n/a n/a n/a
12 GTAM TS Investment LLC 3 n/a n/a n/a
13 GoldenTree Select Partners, L.P. 3 n/a n/a n/a
14 GoldenTree Select Offshore Intermediate Funds, L.P. 3 n/a n/a n/a
15 GoldenTree Entrust Onshore Customized Portfolio LP 3 n/a n/a n/a
16 GoldenTree Entrust Intermediate Fund SPC 3 n/a n/a n/a
17 GoldenTree E Distressed Debt Fund II LP 3 n/a n/a n/a
18 GoldenTree E Distressed Debt Master Fund II LP 3 n/a n/a n/a
19 GoldenTree Credit Opportunities Master Fund, Ltd 3 n/a n/a n/a
20 Golden Tree Asset Management Lux LLC 3 n/a n/a n/a
21 Golden Tree Asset Management Lux II S.à.r.l. 20 n/a n/a n/a
22 Golden Tree Asset Management Lux S.à.r.l. 21 n/a n/a n/a
23 GoldenTree Partners, LP 3 n/a n/a n/a
24 GoldenTree ParentCo 3 S.à.r.l. 23 n/a n/a n/a
25 GoldenTree Offshore Intermediate Fund. L.P. 3 n/a n/a n/a
26 GoldenTree ParentCo 2 S.à.r.l. 25 n/a n/a n/a
27 GoldenTree Entrust Distressed Debt Fund, LP 3 n/a n/a n/a
28 GoldenTree EnTrust Distressed Debt Master Fund, LP 3 n/a n/a n/a
29 GoldenTree Distressed Debt Fund. LP 3 n/a n/a n/a
30 GoldenTree Distressed Debt Master Fund. LP 3 n/a n/a n/a
31 GoldenTree ParentCo 1 S.à.r.l. 27,28,29,30 n/a n/a n/a
32 Stichting PGGM Depositary 3 0,02 n/a 0,02
33 GN3 SIP LP 3 2,53 n/a 2,53
34 GoldenTree Asset Management Dutch BV 22 5,69 n/a 5,69
35 GoldenTree HoldCo Lux 3 S.à.r.l. 24 4,81 n/a 4,81
36 GoldenTree HoldCo Lux 2 S.à.r.l. 26 5,73 n/a 5,73
37 GoldenTree HoldCo Lux 1 S.à.r.l. 31 6,19 n/a 6,19

9. In case of proxy voting

Date of general meeting:
Voting rights after general meeting:

10. Other useful information

Note: The majority of the disposals of shares made by GoldenTree Asset Management Dutch BV have not been sold in the market but rather distributed in kind to a party not controlled by Mr. Steven A. Tananbaum, reflecting the investor's shorter term orientation.

(end)

Emitter: BAWAG Group AG
Wiedner Gürtel 11
1100 Wien
Austria
Contact Person: BAWAG Group Investor Relations
Phone: +43 (0)59905-34444
E-Mail: investor.relations@bawaggroup.com
Website: www.bawaggroup.com
ISIN(s): AT0000BAWAG2 (Share)
Stock Exchange(s): Vienna Stock Exchange (Official Trade)
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