Erste Group Bank AG

INVITATION TO TENDER NOTES FOR REPURCHASE FOR CASH - Seite 4

24 October 2014 Settlement Date Date on which the Repurchase Price is credited to the cash account of the Noteholder in return for the repurchase of the tendered Notes.

For further information and details: A detailed description of the terms and conditions of the Invitation is specified in the Rückkauf-Memorandum regarding AT-Notes and in the Tender Offer Memorandum regarding XS-Notes. Further information on the transaction can be retrieved from the Issuer with respect to the AT-Notes and from the Tender Agent with respect to the XS-Notes:

ISSUER Erste Group Bank AG Graben 21 1010 Vienna Fax: [phone] E-mail: [e-mail]

TENDER AGENT (regarding XS-Notes) THE BANK OF NEW YORK MELLON One Canada Square London E14 5AL Fax: [phone] E-mail: [e-mail]

A copy of the Rückkauf-Memorandum regarding AT-Notes may be obtained from the Issuer upon request of authorized persons. A copy of the Tender Offer Memorandum regarding XS-Notes may be obtained from the Issuer and/or the Tender Agent upon request of authorized persons. Neither the Issuer nor the Tender Agent nor any of their directors, employees or affiliates makes any recommendation whatsoever to whether Noteholders should accept the Invitation to tender Notes save for cases where Noteholders are explicitly advised by the Issuer or its affiliates. This announcement must be read in conjunction with the Rückkauf-Memorandum regarding AT-Notes and the Tender Offer Memorandum regarding XS-Notes. This Announcement does not constitute an offer to tender any Notes. Any such invitation is only made in the Rückkauf-Memorandum regarding AT-Notes and in the Tender Offer Memorandum regarding XS-Notes, and any such purchase or acceptance of tender offers will only be made based on the information contained therein. This announcement and the Rückkauf-Memorandum regarding AT-Notes and the Tender Offer Memorandum regarding XS-Notes contain important information which must be read carefully prior to any decision with respect to the Invitation or proposals for resolutions. In the event that a Noteholder should have substantial doubts as to which measures to pursue, he is advised to seek advice, including advice on any tax consequences, with his legal and tax advisers or any other independent consultant.