Commentary & Deal Flow

Launched: 5yr: €1bn @ MS+25bp - Final book above €1.9bn (incl. €235m JLM)

Book Update: Books above €1.5bn (incl. €185m JLM)

Guidance: 5yr: MS+30a

• Issuer: Erste Group Bank AG (Ticker: ERSTBK)
• LEI: PQOH26KWDF7CG10L6792
• Issuer Ratings: A1/A+/A (Moody's/S&P/Fitch)
• Exp. Issue Ratings: Aaa (Moody's)
• Issue Type: Mortgage Covered Bond (Hypothekenpfandbrief), EU harmonisation label European Covered Bond (Premium)
• Format: Reg S, Bearer Notes, Digital Global Notes
• Size: €1bn
• Settlement Date: 09-Apr-26 (T+5)
• Maturity Date: 09-Apr-31, soft bullet
• Coupon: [●]%, fixed, annual, actual/actual (ICMA), unadjusted
• Reference Benchmark: DBR 0 15-Feb-31 Corp (HR: 109%)
• Hedge Deadline: 13:40 CET
• Business Days: T2 and Clearing Systems, Following Business Day Convention
• Documentation: Erste Group Covered Bonds Programme dated 16-Dec-25 and the Registration Document dated 10-Jun-25 as supplemented.
• Denoms/Listing/Law: EUR 100,000 + EUR 100,000 / Vienna (Official Market) / Austrian Law
• ISIN: AT0000A3TF46
• Clearing: Euroclear / Clearstream / OeKB
• Manufacturer target market: Manufacturer target market (MiFID II / UK MiFIR product governance) is eligible counterparties and professional investors only (all distribution channels). No EU or UK PRIIPs key information document (KID) has been prepared as not available to retail in the EEA or in the UK
• Advertisement: This communication is an advertisement for the purposes of Regulation (EU) 2017/1129 and underlying legislation. It is not a prospectus. The Base Prospectus and the Final Terms, when published, will be available at: https://www.erstegroup.com/en/about-us/erste-group-issues/prospekte/anleihen
• Joint Bookrunners: BMO Capital Markets, CIBC Capital Markets, Danske Bank, Erste Group (B&D), HSBC, Natixis, UBS Investment Bank, UniCredit
• Fees: The Banks will be paid a fee by the Issuer in respect of the placement of the Notes.
• Timing: Books open, today’s business. Books go subject at 11:30 CET.