Erste Group Bank AG: ANNOUNCES THE RESULTS OF THE INVITATION TO TENDER NOTES FOR REPURCHASE FOR CASH

Vienna (pta025/23.10.2014/15:35 UTC+2) ERSTE GROUP ANNOUNCES THE RESULTS OF THE INVITATION TO TENDER NOTES FOR REPURCHASE FOR CASH
NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA OR TO PEOPLE WHO RESIDE AND/OR LIVE IN THE UNITED STATES OF AMERICA OR TO ANY U.S. PERSON

Erste Group Bank AG announces hereby:

Announcement of the results of the invitation to tender for repurchase for cash the subordinated supplementary capital notes (the "Notes") listed in the table below

On the basis of and in accordance with the provisions of the Rückkauf-Memorandum and the Tender Offer Memorandum, each of 1 October 2014, (together, the "Tender Offer Memoranda") Erste Group Bank AG (the "Issuer") has invited the holders of Notes (the "Noteholders") to tender Notes for repurchase for cash by the Issuer (subject to the restrictions stated in the Tender Offer Memoranda) for a fixed repurchase price including interest accrued and unpaid on the Notes from and including the immediately preceding interest payment date for the Notes to but excluding the Settlement Date (the "Invitation"). The offer period with respect to the Invitation started on 1 October 2014 and ended on 21 October 2014, 3.00 p.m. (CET). Settlement date is 24 October 2014 (the "Settlement Date").
Due to the Invitation Noteholders have submitted tenders for the repurchase of Notes held by them to the Issuer in the aggregate nominal amount of EUR 346,374,000 (at a total outstanding aggregate nominal amount of Notes in EUR 439,500,000). The Issuer has accepted the aggregate nominal amount of Notes tendered for repurchase.
Noteholders whose tenders were accepted for repurchase on the basis of the submitted tenders by the Issuer receive a repurchase price including interest for the total nominal amount of Notes repurchased from each relevant Noteholder (rounded to the nearest Euro 0.01 with Euro 0.005 being rounded up) on the Settlement Date. The total amount of the repurchase price amounts to EUR 347,072,636. Information on the repurchased nominal amount in EUR and on the total outstanding nominal amount in EUR following the close of the invitation - with respect to each individual issue of Notes - is listed in the table below.

(see also PDF file)

Issue Title, ISIN, Repurchased nominal amount in EUR , Outstanding nominal amount in EUR

7,71 % nachrangige Ergänzungskapital-Anleihe 2000-2015 der Erste Bank /AT0000273727 / 7,000,000 / 0
5,5 % nachrangige Ergänzungskapital Bankschuldverschreibungen 2003-2015/3 / AT0000275862 / 32,408,000 / 9,842,000
Nachrangige Ergänzungskapital-Kapitalmarkt-Floater-Bankschuldverschreibungen 2003-2015/6 / AT0000275953 / 90,423,000 / 15,377,000
4,5 % nachrangige Ergänzungskapital-Bankschuldverschreibungen 2003-2015/12 / AT0000298260 / 16,423,000 / 4,577,000
Nachrangige Ergänzungskapital-Kapitalmarkt-Floater-Bankschuldverschreibungen 2003-2015/14 / AT0000298286 / 68,163,000 / 21,337,000
Nachrangige Ergänzungskapital Bankschuldverschreibungen 2006-2016 / AT000B000062 / 4,286,000 / 2,714,000
Nachrangige Ergänzungskapital Bankschuldverschreibungen 2006-2016 / AT000B000195 / 8,984,000 / 1,016,000
Nachrangige Ergänzungskapital Stufenzins BSV 2006-2016 / AT000B000450 / 5,020,000 / 2,680,000
Nachrangige Ergänzungskapital Stufenzins BSV 2006-2016 / AT000B000518 / 3,607,000 / 1,393,000
Nachrangige Ergänzungskapital Fix/CMS Bankschuldverschreibungen 2007-2015 / AT000B000658 / 4,411,000 / 589,000
Nachrangiger Ergänzungskapital Geldmarkt Floater 2007-2015 / AT000B000708 / 23,525,000 / 4,475,000
Nachrangiger Ergänzungskapital Geldmarkt Floater 2007-2016 / AT000B001078 / 9,382,000 / 3,618,000
Nachrangiger Ergänzungskapital Geldmarkt Floater 2008-2016 / AT000B001466 / 70,042,000 / 24,708,000
EUR 10 M Erste Bank subordinated supplementary CMS-linked Notes due 2017 XS0143383148 2,700,000 800,000

THIS ANNOUNCEMENT MUST NEITHER, DIRECTLY NOR INDIRECTLY, BE DISTRIBUTED IN THE UNITED STATES OF AMERICA INCLUDING ITS TERRITORIES OR POSSESSIONS OR ANY STATE OF THE UNITED STATES OF AMERICA INCLUDING THE DISTRICT OF COLUMBIA (THE "UNITED STATES"). THE INVITATION TO WHICH THIS ANNOUNCEMENT IS RELATED WILL, NEITHER DIRECTLY NOR INDIRECTLY, BE DISTRIBUTED IN OR INTO THE UNITED STATES BY USE OF THE MAILS OR BY ANY MEANS OR INSTRUMENTALITY OF INTERSTATE OR FOREIGN COMMERCE OR OF ANY FACILITY OF A NATIONAL SECURITIES EXCHANGE OF THE UNITED STATES. THE INVITATION CANNOT BE ACCEPTED BY SUCH MEANS OR SUCH FACILITY OR WITHIN THE UNITED STATES.
NOT FOR DISTRIBUTION TO PERSONS WHO LIVE OR RESIDE IN THE REPUBLIC OF ITALY AND NOT INTENDED, NEITHER DIRECTLY NOR INDIRECTLY, FOR TO THE PUBLIC IN UNITED KINGDOM, BELGIUM OR FRANCE.

The five biggest listed issues of Erste Group Bank AG in terms of issue volume have the following ISINs:
AT0000A17ZZ3, AT0000A17ZV2, XS0743547183, XS0580561545, XS0432079381

The issues of Erste Group Bank AG are admitted to trading on the following regulated markets:
Vienna, Luxembourg, Budapest, Bucharest, Zagreb, Stuttgart

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Emitter:	Erste Group Bank AG Milchgasse 1 1010 Wien Austria
Contact Person:	Thomas Sommerauer/ Simone Pilz
Phone:	+ 43 (0)5 0100 - 17741
E-Mail:	investor.relations@erstegroup.com
Website:	www.erstegroup.com
ISIN(s):	AT0000652011 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)