Wolf Theiss advises Erste Group Bank AG on a tender offer and the new issue of EUR 750 million Undated Fixed to Fixed Resettable Additional Tier 1 Notes

Vienna, 1 July 2026 – Wolf Theiss advised Erste Group Bank AG (“Erste Group”) on its tender offer for its EUR 500,000,000 Undated Fixed to Fixed Resettable Additional Tier 1 Notes (ISIN: XS2108494837) and its EUR 750,000,000 Undated Fixed to Fixed Resettable Additional Tier 1 Notes (ISIN: AT0000A2L583) as well as on the new issue of the EUR 750,000,000 Undated Fixed to Fixed Resettable Additional Tier 1 Notes (ISIN AT0000A3VRR8).

The tender offer commenced on 22 June 2026 and was conducted in accordance with the terms and conditions set out in the Tender Offer Memorandum dated the same day. Notes in the aggregate amount of EUR 748,600,000 were validly tendered. Settlement took place on 1 July 2026.

In parallel, Erste Group successfully completed the placement of EUR 750 million Undated Fixed to Fixed Resettable Additional Tier 1 Notes with institutional investors and eligible counterparties. The issuance carries an initial coupon of 5.875 per cent per annum. The Notes have a denomination of EUR 200,000 per Note and are listed on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange. Closing took place on 29 June 2026.

The Wolf Theiss team advising Erste Group on the tender offer and the new issuance included Counsel Nikolaus Dinhof-Renezeder and Senior Associate Sebastian Prakljacic, supported by Partner Claus Schneider and Associate Magdalena Bertsch (all Capital Markets), as well as Partner Eva Stadler and Senior Associate Alexander Quendler (both Tax).

The international banking syndicate was advised by White & Case LLP and, as to Austrian law, by CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH.