Commentary & Deal Flow

Reoffer: 3yr: MS+37bp / 99.849 / 3.554% 7yr: MS+70bp / 99.417 / 3.972%
Benchmark: 3yr: OBL 2½ 29 #190 @ 98.61 / B+58.0bp 7yr: DBR 2.6 15-Aug-33 @ 96.47 / B+79.8bp

Tranche 1 (3yr): Final books >€1.2bn (incl. €40m JLM). Peak book >€2.5bn (incl. €40m JLM interest), pre-rec
Tranche 2 (7yr): Final books >€1bn (incl. €50m JLM). Peak book >€2bn (incl. €50m JLM interest), pre-rec

Launched:
3yr: €750m @ MS+37bp - Books > €2.5bn (incl. €40m JLM interest), pre-rec
7yr: €750m @ MS+70bp - Books > €2bn (incl. €50m JLM interest), pre-rec
Book Update: Combined books above €3bn ex JLM (slightly skewed to 3yrs)
IPTs: 3yr: MS+70a 7yr: MS+100a

• Issuer: Erste Group Bank AG
• Ticker: ERSTBK
• LEI: PQOH26KWDF7CG10L6792
• Issuer Ratings: Aa3/A+/A (positive/positive/stable) (Moody's/S&P/Fitch)
• Expected Issue Ratings: A1/A+/A (Moody's/S&P/Fitch)
• Status: The Notes constitute direct, unsecured and unsubordinated obligations of the Issuer and are intended to qualify as eligible liabilities instruments (Preferred Senior Notes). Exclusion of set-off, no acceleration rights.
• Format: Reg S, Bearer Notes, Digital Global Note
• Size:
  • 3yr: €750m
  • 7yr: €750m
• Settlement Date: 7-Sep-26 (T+4)
• Maturity Date:
  • 3yr: 7-Sep-29
  • 7yr: 7-Sep-33
• Reoffer:
  • 3yr: MS+37bp / 99.849 / 3.554%
  • 7yr: MS+70bp / 99.417 / 3.972%
• Benchmark:
  • 3yr: OBL 2½ 29 #190 + 58.0bp (98.61)
  • 7yr: DBR 2.6 15-Aug-33 + 79.8bp (96.47)
• Coupon:
  • 3yr: 3.500% per annum, payable annually, commencing on 7-Sep-27 act/act (ICMA) / following / unadjusted
  • 7yr: 3.875% per annum, payable annually, commencing on 7-Sep-27 act/act (ICMA) / following / unadjusted
• Business Days: T2 and Clearing Systems
• Documentation: Erste Group Bank AG's Multi Issuer EMTN Programme, consisting of the Securities Note dated 28-Nov-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:
  • 3yr: AT0000A3X172
  • 7yr: AT0000A3X180
• Clearing: Euroclear / Clearstream / OeKB
• Selling Restrictions: Reg S, and as further set out in the Multi Issuer EMTN Programme
• 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 FCA Product Disclosure Sourcebook (DISC) disclosure document 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
• Global Coordinator: Erste Group
• Joint Bookrunners:
  • 3yr: Barclays, BayernLB, Danske Bank, DZ BANK, Erste Group (B&D), Scotiabank and UniCredit
  • 7yr: Barclays, BayernLB, Danske Bank, DZ BANK, Erste Group (B&D), Jyske Bank, Scotiabank and UniCredit
• Fees: The Banks will be paid a fee by the Issuer in respect of the placement of the Notes.
• Timing: Priced, TOE: 3yr - 16:08 CET / 7yr - 16:10 CET // FTT: 16:35 CET