Erste Group Bank AG

INVITATION TO TENDER NOTES FOR REPURCHASE FOR CASH

Adhoc announcement according to article 48d section 1 BörseG

Vienna (pta038/30.09.2014/17:45) - ERSTE GROUP BANK AG ANNOUNCES 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: Invitation to the Holders (the "Noteholders") of Notes (the "Notes") listed in the table below to tender for repurchase for cash (each an "Offer") according to the Tender Offer Memorandum and the Rückkauf-Memorandum, respectively (the "Invitation").

Issue Title ISIN Repurchase rate in % 7,71 % nachrangige Ergänzungskapital-Anleihe 2000-2015 der Erste Bank AT0000273727 102.50 5,5 % nachrangige Ergänzungskapital Bankschuldverschreibungen 2003-2015/3 AT0000275862 99.50 Nachrangige Ergänzungskapital-Kapitalmarkt-Floater-Bankschuldverschreibungen 2003-2015/6 AT0000275953 99.20 4,5 % nachrangige Ergänzungskapital-Bankschuldverschreibungen 2003-2015/12 AT0000298260 100.40 Nachrangige Ergänzungskapital-Kapitalmarkt-Floater-Bankschuldverschreibungen 2003-2015/14 AT0000298286 99.20 Nachrangige Ergänzungskapital Bankschuldverschreibungen 2006-2016 AT000B000062 101.30 Nachrangige Ergänzungskapital Bankschuldverschreibungen 2006-2016 AT000B000195 100.90 Nachrangige Ergänzungskapital Stufenzins BSV 2006-2016 AT000B000450 100.90 Nachrangige Ergänzungskapital Stufenzins BSV 2006-2016 AT000B000518 101.00 Nachrangige Ergänzungskapital Fix/CMS Bankschuldverschreibungen 2007-2015 AT000B000658 99.10 Nachrangiger Ergänzungskapital Geldmarkt Floater 2007-2015 AT000B000708 100.70 Nachrangiger Ergänzungskapital Geldmarkt Floater 2007-2016 AT000B001078 100.20 Nachrangiger Ergänzungskapital Geldmarkt Floater 2008-2016 AT000B001466 102.40 EUR 10 M Erste Bank subordinated supplementary CMS-linked Notes due 2017 XS0143383148 94.30

The Notes listed in the above table carrying AT-ISINs are hereinafter referred to as the "AT-NOTES" and the Notes listed in the above table carrying a XS-ISIN are hereinafter referred to as the "XS-NOTES".

Noteholders whose tenders are accepted for repurchase will receive a purchase price (the "Repurchase Price") for each Note by the Issuer which corresponds to the product of a multiplication of (i) the nominal amount of such Note and (ii) the repurchase rate (as listed in the table above, the "Repurchase Rate"). Interest accrued and unpaid on the Notes from and including the immediately preceding interest payment date to but excluding the Settlement Date is paid for Notes which are repurchased.