DIE ERSTE österreichische Spar-Casse ... - ERSTE Stiftung

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The purpose is achieved by the following: a) holding an interest in Erste Group Bank in any type or legal form and guaranteeing current and future liabilities in the case of insolvency, in the amounts and for the periods defined by law; b) holding participating interests in Erste Group Bank and other companies with similar activities; c) support of regional and inter-regional measures of Erste Group Bank, also by acquiring investments; d) promotion of academic research work in the fields of banking, savings banks, stock exchange and the capital market matters; e) ensuring that there are always sufficient funds available for the purposes defined above. ERSTE Foundation is to retain a qualified holding in Erste Group Bank unless other economic or banking sector considerations require different structural measures. ERSTE Foundation may take up business activities to the extent permitted by law insofar as these activities do not exceed the scope of an ancillary business. Business Overview ERSTE Foundation started its business activities in the year 2005 and it based its mission on the tradition of savings banks which were founded as non-profit companies 190 years ago. The ERSTE Foundation is devoted to unanswered questions of social and ethical coherence, cultural development and the challenge of the European unification process. In addition, the ERSTE Foundation as the largest single shareholder of Erste Group Bank secures its individual prospects and is devoted, apart from managing its investments, to serving the common good with its focus on social development, culture and Europe. Based on assets on its disposal (which as of 30 September 2011 amounted to EUR 1,522,883,888.04), the ERSTE Foundation is one of the largest non-profit foundations in the German-speaking region: Name: Assets in EUR (rounded, based on financial year 2010) Robert Bosch Stiftung GmbH 5,126,918,000 (B) 2 Dietmar-Hopp-Stiftung gGmbH 3,400,000,000 (M) 3 Else Kröner-Fresenius-Stiftung 2,900,000,000 (M) 2 (B) = book value 3 (M) = market value Page 48
VolkswagenStiftung 2,457,544,000 (M) Baden-Württemberg Stiftung gGmbH 2,243,078,000 (B) Deutsche Bundesstiftung Umwelt 1,986,394,000 (B) Klaus Tschira Stiftung gGmbH 1,960,962,000 (B) Joachim Herz Stiftung 1,300,000,000 (B) Software AG-Stiftung 1,288,170,000 (M) Alfried Krupp von Bohlen und Halbach-Stiftung 1,066,803,000 (B) Gemeinnützige Hertie-Stiftung ZEIT-Stiftung Ebelin und Gerd Bucerius Bertelsmann Stiftung Körber-Stiftung Fritz Thyssen Stiftung 886,000,000 (M) 731,764,000 (B) 618,998,000 (B) 515,000,000 (B) 425,269,000 (B) Source: Bundesverband deutscher Stiftungen http://www.stiftungen.org/fileadmin/bvds/de/News_und_Wissen/Zahlen_und_Daten/GroessteStiftungen_20110525_ VglJahr2010_01.pdf According to a study by the European Foundation Center ("Foundations in the European Union, Facts and Figures Report on Work by EFC Research Task Force") in May 2008, the average spending of the 58,588 non-profit foundations in 14 EU member states is around EUR 1 million. This significantly distinguishes ERSTE Foundation from other foundations also in relation to spending volume, especially in the CEE/SEE region. There is frequent cooperation with other large European foundations such as the Robert Bosch Stiftung (Germany), König Baudouin Stiftung (Belgium), Compagnia di San Paolo (Italy). Examples are the European Fund for the Balkans seated in Belgrade, which was created and is funded and strategically supported by the three above mentioned foundations jointly with ERSTE Foundation as well as the Balkan Fellowship for Journalistic Excellence which is being offered for the fourth time together with the Robert Bosch Stiftung and the Balkan Investigative Researching Network. Use of funds The use of funds of the foundation is as follows in the business years 2009 and 2010 and as of 30 September 2011: In EUR thousands (rounded) 2009 2010 September 2011 Fundings for projects 5,960.4 5,822.0 6,187.9 Project expenses 1,935.0 1,766.1 1,651.4 good.bee 573.0 Page 49
Page 1 and 2: DIE ERSTE österreichische Spar-Cas
Page 3 and 4: In this Prospectus, unless otherwis
Page 5 and 6: SELLING RESTRICTIONS ..............
Page 7 and 8: DOCUMENTS INCORPORATED BY REFERENCE
Page 9 and 10: SUMMARY OF THE PROGRAMME This summa
Page 11 and 12: Credit Risk Credit risk is the risk
Page 13 and 14: Business of ERSTE Foundation DIE ER
Page 15 and 16: Risk Factors arising from Erste Gro
Page 17 and 18: RISK FACTORS Prospective investors
Page 19 and 20: implementation of the Issuer's stra
Page 21 and 22: Interest rate fluctuations may adve
Page 23 and 24: of the Notes. A downgrading of the
Page 25 and 26: Noteholders are exposed to the risk
Page 27 and 28: Holders of Fixed Rate Notes are exp
Page 29 and 30: Investors have to rely on the funct
Page 31 and 32: epresented by a global note in bear
Page 33 and 34: exclusive jurisdiction. Consumers w
Page 35 and 36: Terms and Conditions [Title of Note
Page 37 and 38: [insert definition of EURIBOR and E
Page 39 and 40: [in the case of "Actual/365" or "Ac
Page 41 and 42: § 9 Taxation All payments of princ
Page 43 and 44: [In case of early redemption on the
Page 45 and 46: 17. 18. (iii) Partial Redemption: (
Page 47: General DIE ERSTE ÖSTERREICHISCHE
Page 51 and 52: The development objective of ERSTE
Page 53 and 54: financial services by other banks d
Page 55 and 56: In the case that funds will be requ
Page 57 and 58: ("AGM") not to pay a dividend for t
Page 59 and 60: Member Boris Marte Other positions:
Page 61 and 62: Member Maximilian Hardegg Privatsti
Page 63 and 64: Sparkassen AG, with the procedure i
Page 65 and 66: The foundation’s auditor is the a
Page 67 and 68: Other assets 7.132 6.898 Subscribed
Page 69 and 70: Revenue reserves 197,597 203,784 -3
Page 71 and 72: The English translation of the repo
Page 73 and 74: MATERIAL CONTRACTS Since 31 Decembe
Page 75 and 76: the taxation of financial instrumen
Page 77 and 78: Private foundations pursuant to the
Page 79 and 80: CZECH REPUBLIC General Czech tax im
Page 81 and 82: interest paid (with the exception o
Page 83 and 84: LUXEMBOURG The following summary is
Page 85 and 86: Luxembourg income tax on interest a
Page 87 and 88: Capital gains Income from the sale
Page 89 and 90: OFFER AND SUBSCRIPTION The Programm
Page 91 and 92: SELLING RESTRICTIONS This Prospectu
Page 93 and 94: (ii) the published annual report an
Page 95 and 96: LIBOR means the London Inter-bank O

DIE ERSTE österreichische Spar-Casse ... - ERSTE Stiftung

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