Erste Group Bank AG announced that its management board decided to exercise the option to redeem in whole the Additional Tier 1 notes EUR 500,000,000 Undated Fixed to Fixed Resettable Notes (ISIN XS1425367494) (the "Notes"). Name: EUR 500,000,000 Undated Fixed to Fixed Resettable Notes ISIN: XS1425367494 Call Redemption Date: 15 October 2021. Call Redemption Amount: 100% together with distributions accrued and unpaid to the Call Redemption Date (excluding) 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.