BAWAG GROUP AG hereby announced the results of its solicitation to noteholders of its EUR 400,000,000 Tier 2 Callable Subordinated Notes due March 2029 (ISIN XS1968814332) (the Notes) to tender their Notes for purchase by the Company for cash. The Solicitation was announced on 15 November 2023 and is subject to the conditions set out in the Tender Offer Memorandum dated 15 November 2023 prepared by the company. This notice is for information only and should be read in conjunction with the Tender Offer Memorandum.

Capitalized terms used in this announcement and not otherwise defined herein have the meanings given to them in the Tender Offer Memorandum. The Expiration Deadline for receipt by the Tender Agent for Tender Instructions was 5:00 p.m. (CET) on 22 November 2023. The company will also pay Accrued Interest on such Notes accepted for purchase pursuant to the Solicitation on the Settlement Date.

The Solicitation commenced on 15 November 2023 and expired at 5:00 p.m. (CET) on 22 November 2023. The Settlement Date is expected to take place on 27 November 2023 and will be subject to the New Issue Condition being fulfilled on the Settlement Date. Notes that are not successfully tendered and accepted for purchase pursuant to the Solicitation will remain outstanding.