Erste Bank : 17.08.2021 - Erste Group Bank AG decides optional redemption of a series of Additional Tier 1 Notes

Disclosure of inside information (MAR Article 17)

Vienna, 17 August 2021

Erste Group Bank AG decides optional redemption of a series of Additional Tier 1 Notes

Erste Group Bank AG announces that its management board decided today to exercise the option to redeem in whole the following Additional Tier 1 notes

EUR 500,000,000 Undated Fixed to Fixed Resettable Notes (ISIN XS1425367494) (the "Notes").

Name	ISIN	Call Redemption Date	Call Redemption Amount
EUR 500,000,000			100 per cent together with distributions
Undated Fixed to
XS1425367494	15 October 2021	accrued and unpaid to the Call Redemption
Fixed Resettable
		Date (excluding)
Notes

Erste Group Bank AG will thus redeem the Notes on the Call Redemption Date 15 October 2021 at the Call Redemption Amount - original principal amount together with accrued and unpaid distributions (whether or not declared) for the then ending distribution period - in accordance with the applicable terms and conditions of the Notes as well as applicable laws (the "Optional Redemption").

The European Central Bank has approved the Optional Redemption in writing.

Erste Group shares (ISIN AT0000652011) are traded in Vienna, Prague Bucharest.

The issues of Erste Group Bank AG are admitted to trading on the following regulated markets: Vienna, Luxembourg, Budapest, Bucharest, Stuttgart. The five biggest listed issues of Erste Group Bank AG in terms of issue volume have the following ISINs:

XS0743547183, XS1750974658, AT0000A2GH08, AT0000A2KW37, AT0000A2L583.

For more information, please contact:

Erste Group, Investor Relations, Am Belvedere 1, 1100 Vienna, Austria

Email:	[e-mail]
Internet:	http://www.erstegroup.com/investorrelations	http://twitter.com/ErsteGroupIR	http://slideshare.net/Erste_Group
Thomas Sommerauer	Tel [phone],	Email:[e-mail]
Peter Makray	Tel [phone],	Email:[e-mail]
Simone Pilz	Tel [phone],	Email:[e-mail]
Gerald Krames	Tel [phone],	Email:[e-mail]

This information is also available https://www.erstegroup.com/en/investors/news and on the Erste Group Investor Relations App for iPad, iPhone and Android https://www.erstegroup.com/en/investors/ir-service.

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