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Erste Bank JPMorgan Merrill Lynch International

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Stabilization measures. In connection with the Offering, <strong>Erste</strong> <strong>Bank</strong> der oesterreichischen<br />

Sparkassen AG (“<strong>Erste</strong> <strong>Bank</strong>”) is acting as stabilization manager (the “Stabilization Manager”) on<br />

behalf of the Joint Global Coordinators and may, to the extent permitted by applicable law, over-allot<br />

or effect transactions with a view to stabilizing or maintaining the market price of the Shares or other<br />

securities of the Issuer at levels above those which might otherwise prevail in the open market from<br />

the date of publication of the Subscription and Offer Price (“Stabilization Measures”). Such transactions<br />

may be effected on the Vienna Stock Exchange, in the over-the-counter (“OTC”) market or<br />

otherwise. However, there is no obligation on the Stabilization Manager to do so. There is no<br />

assurance that such stabilization will be undertaken and, if it is, it may be discontinued at any time<br />

and it must be brought to an end 30 days after the date of allotment of the Offer Shares (the<br />

“Stabilization Period”). See “Plan of Distribution — Stabilization, Share Lending and Over-allotment<br />

Option”.<br />

Within one week after the end of the Stabilization Period, a notification will be published in the<br />

Amtsblatt zur Wiener Zeitung announcing whether any Stabilization Measures have been effected, the<br />

date on which Stabilization Measures were first effected and the date of the last Stabilization Measure,<br />

as well as the range of prices within which Stabilization Measures have been effected.<br />

The distribution of this Prospectus, the exercise of Subscription Rights and the offer and sale of<br />

the Offer Shares offered hereby may be restricted by law in certain jurisdictions. Persons in<br />

possession of this Prospectus are required to inform themselves about, and to observe, any such<br />

restrictions. This Prospectus may not be used for, or in connection with, and does not constitute, any<br />

offer to sell, or an invitation to purchase, any of the Offer Shares offered hereby (or the exercise of<br />

any Subscription Rights) in any jurisdiction in which such offer or invitation would be unlawful.

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