Erste Group

Erste Group Bank AG decides to consent to optional redemption of hybrid capital issues

Public disclosure of inside information according to article 17 MAR

Vienna (pta021/08.08.2016/13:35) - Erste Group Bank AG announces that it has decided to grant consent that each of the following issuers exercises its option to redeem in whole the following instruments, to the extent outstanding or remaining on issue, on the (optional) redemption dates at the optional redemption prices / amounts listed below, in each case plus accrued and unpaid dividends / interest (whether or not declared) for the then ending dividend / interest periods, in accordance with the relevant statements of rights / terms and conditions of the instruments as well as applicable laws (the "Optional Redemptions").

Name	ISIN	Issuer	(Optional) Redemption Date	Optional Redemption Price / Amount
EUR 200,000,000 Series J Fixed Rate Perpetual Reset Non-cumulative Non-voting Preference Shares	XS0215338152	Erste Finance (Jersey) (6) Limited	23. Sep 16	EUR 1,000 per Preference Share
EUR 275,000,000 Series H Floating Rate Perpetual Reset Non-cumulative Non-voting Preference Shares	XS0188305741	Erste Finance (Jersey) (4) Limited	24 September 2016	EUR 1,000 per Preference Share
Non-cumulative Fixed/Floating Rate Perpetual Subordinated Notes /Series 1	XS0268694808	Erste Capital Finance (Jersey) Tier 1 PC	28 September 2016	Nominal amount of each Note

The European Central Bank has approved the Optional Redemptions. The issuers of the instruments have already decided to effect the Optional Redemptions.

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emitter: Erste Group
address: Am Belvedere 1, 1100 Wien
country: Austria
contact person: Thomas Sommerauer / Gerald Krames
phone: [phone] - 17326
e-mail: [e-mail]
website: www.erstegroup.com

ISIN(s): AT0000652011 (share)
stock exchanges: official trade in Vienna
other stock exchanges: Bucharest Stock Exchange, Prague Stock Exchange

[ source: http://www.pressetext.com/news/20160808021 ]