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

SELLING RESTRICTIONS
This Prospectus may not be published in any country in which regulations for the registration,
admission or other provisions in connection with a public offer exists or may exist, which could
be against the publication or an offer of the Notes. In particular, the Prospectus may not be
brought into the United States of America.
The Notes issued under this Prospectus by the Issuer have not been and will not be
registered under the United States Securities Act of 1933 and may include Notes in bearer
form that are subject to US tax law requirements. Subject to certain exceptions, notes may
not be offered, sold or delivered within the United States or to US persons. (as defined by the
applicable rules).
Public offerings of the Notes may be made in Luxembourg, the Czech Republic and the
Slovak Republic or any other country where the Prospectus has been successfully notified to
(each an "Offer Jurisdiction"). The Notes may not be offered publicly in any other Member
State of the European Economic Area which has implemented the Prospectus Directive,
except to the extent that the offer will be made pursuant to an exemption under Article 3 of the
Prospectus Directive from the requirement to publish a prospectus by the Issuer.
"Public offering" of the Notes in an Offer Jurisdiction which is a Member State of the
European Economic Area means a communication to the general public in any form
whatsoever that contains adequate information on the terms and conditions of an offering or
an invitation to subscribe for securities, and on the securities themselves that gives potential
investors a basis on which to reach an informed decision on the purchase or subscription to
securities, provided that deviations from this definition under national implementation
provisions shall be included by the definition.
Page 91