Erste Asset Management expands Management Board

Wolfgang Traindl (59) and Peter Karl (43) to join the Management Board of Erste Asset Management GmbH (EAM)
The new Management Board of Erste Asset Management will therefore consist of Heinz Bednar (CEO), Winfried Buchbauer, Wolfgang Traindl, and Peter Karl

On 1 March 2018, Wolfgang Traindl and Peter Karl will join the Management Board of Erste Asset Management GmbH (EAM).

Erste Asset Management GmbH (www.erste-am.at) coordinates and is responsible for the management of investment funds and portfolio solutions within Erste Group Bank AG. At its locations in Austria, Germany, Croatia, Romania, Slovakia, the Czech Republic, and Hungary it manages assets of EUR 63.3bn (as of 31 December 2017).

In his new function Wolfgang Traindl will be responsible for Institutional Sales and internal Audit. Traindl was heading the division Private Banking and Institutional Clients of Erste Bank Oesterreich for more than 20 years and has been Chairman of the Supervisory Board of ERSTE-SPARINVEST since 2002. As Heinz Bednar says, “Wolfgang Traindl has vast experience in finance and sales, and he has provided advisory to our business and our clients for many years from his position within the bank.” Traindl will follow Christian Schön, who will tackle new challenges outside Erste Group.

Peter Karl will be responsible for Product Management and Retail Sales Austria, and he will also contribute his expertise in connection with alternative investments, which he has built as Director of ERSTE Immobilien KAG. Since the establishment of ERSTE Immobilien KAG in 2007 Peter Karl has been chairman of the Management Board and has developed the company into a leading real estate manager with assets under management of EUR 1.8bn. Karl holds a Master of Laws from the University of Vienna and joined the banking sector and, more specifically, the area of real estate management and product management in 2001.

Peter Karl will remain chairman of the Management Board of ERSTE Immobilien KAG, 75.1% of which is held by Erste Asset Management. “We want to use Peter Karl’s expertise in non-traditional forms of investment for EAM and develop new business areas. At the same time, we want to use the excellent track record of our successful real estate subsidiary in Retail Sales,” as Bednar explains.

As of 1 March 2018, the new Management Board of ERSTE-SPARINVEST, the biggest subsidiary of EAM, will consist of Heinz Bednar (CEO), Günther Mandl, Wolfgang Traindl, and Peter Karl.

For further queries please contact:

Erste Asset Management, Communications & Digital Marketing

Paul Severin
Tel. +43 (0)50 100 19982
E-Mail: paul.severin@erste-am.com

Erste Asset Management GmbH
Am Belvedere 1, A-1100 Wien
www.erste-am.com
Sitz Wien, FN 102018b,
Handelsgericht Wien, DVR 0468703

Disclaimer

This document is an advertisement. Please refer to the prospectus of the UCITS or to the Information for Investors pursuant to Art 21 AIFMG of the alternative investment fund and the Key Information Document before making any final investment decisions. All data is sourced from Erste Asset Management GmbH, unless indicated otherwise. Our languages of communication are German and English.

The prospectus for UCITS (including any amendments) is published in accordance with the provisions of the InvFG 2011 in the currently amended version. Information for Investors pursuant to Art 21 AIFMG is prepared for the alternative investment funds (AIF) administered by Erste Asset Management GmbH pursuant to the provisions of the AIFMG in connection with the InvFG 2011.

The fund prospectus, Information for Investors pursuant to Art 21 AIFMG, and the Key Information Document can be viewed in their latest versions at the web site www.erste-am.com within the section mandatory publications or obtained in their latest versions free of charge from the domicile of the management company and the domicile of the custodian bank. The exact date of the most recent publication of the fund prospectus, the languages in which the Key Information Document is available, and any additional locations where the documents can be obtained can be viewed on the web site www.erste-am.com. A summary of investor rights is available in German and English on the website www.erste-am.com/investor-rights as well as at the domicile of the management company.

The management company can decide to revoke the arrangements it has made for the distribution of unit certificates abroad, taking into account the regulatory requirements.

Detailed information on the risks potentially associated with the investment can be found in the fund prospectus or Information for investors pursuant to Art 21 AIFMG of the respective fund. If the fund currency is a currency other than the investor's home currency, changes in the corresponding exchange rate may have a positive or negative impact on the value of his investment and the amount of the costs incurred in the fund - converted into his home currency.

Our analyses and conclusions are general in nature and do not take into account the individual needs of our investors in terms of earnings, taxation, and risk appetite. Past performance is not a reliable indicator of the future performance of a fund.

The issue and redemption of unit certificates and the execution of payments to unit holders has been transferred to the Fund's custodian bank/depositary, Erste Group Bank AG, Am Belvedere 1, 1100 Vienna, Austria. Redemption requests can be submitted by investors to their custodian bank, which will forward them to the Custodian Bank/Depositary of the Fund for execution via the usual banking channels. All payments to investors are also processed via the usual banking clearing channel with the investor's custodian bank. In Germany, the issue and return prices of shares are published in electronic form on the web site www.erste-am.com (and also at www.fundinfo.com). Any other information for Shareholders is published in the Bundesanzeiger, Cologne.

Important legal information - ERSTE Immobilien Kapitalanlagegesellschaft m.b.H.

This document is an advertisement. Please refer to the prospectus of the UCITS or to the Information for Investors pursuant to Art 21 AIFMG of the alternative investment fund and the Key Information Document before making any final investment decisions. Unless indicated otherwise, source: Erste Asset Management GmbH and ERSTE Immobilien Kapitalanlagegesellschaft m.b.H. The language of communication of the sales offices is German and the languages of communication of the management companies also include English.

Information for Investors pursuant to Art 21 AIFMG is prepared for the alternative investment funds (AIF) administered by ERSTE Immobilien Kapitalanlagegesellschaft m.b.H. pursuant to the provisions of the AIFMG in connection with ImmoInvFG and published at the web site www.ersteimmobilien.at.

The currently valid versions of the prospectus, the Information for Investors pursuant to Art 21 AIFMG, and the key information document can be found on the website www.erste-am.com or www.ersteimmobilien.at under “Mandatory publications” and can be obtained free of charge by interested investors at the offices of the respective management company and at the offices of the respective depositary bank. The exact date of the most recent publication of the prospectus and the Information for Investors pursuant to Art 21 AIFMG, the languages in which the key information document is available, and any other locations where the documents can be obtained are indicated on the website www.erste-am.com or www.ersteimmobilien.at. A summary of the investor rights is available in German and English on the website www.erste-am.com/investor-rights and can also be obtained from the Management Company.

The Management Company can decide to suspend the provisions it has taken for the sale of unit certificates in other countries in accordance with the regulatory requirements.

Note: You are about to purchase a product that may be difficult to understand. We recommend that you read the indicated fund documents before making an investment decision. In addition to the locations listed above, you can obtain these documents free of charge at the offices of the referring Sparkassen bank and the offices of Erste Bank der oesterreichischen Sparkassen AG. You can also access these documents electronically at www.erste-am.com or www.ersteimmobilien.at.

N.B.: The performance scenarios listed in the key information document are based on a calculation method that is specified in an EU regulation. The future market development cannot be accurately predicted. The depicted performance scenarios merely present potential earnings, but are based on the earnings in the recent past. The actual earnings may be lower than indicated.

Our analyses and conclusions are general in nature and do not take into account the individual characteristics of our investors in terms of earnings, taxation, experience and knowledge, investment objective, financial position, capacity for loss, and risk tolerance.

Please note: Past performance is not a reliable indicator of the future performance of a fund. Investments in securities entail risks in addition to the opportunities presented here. The value of units and their earnings can rise and fall. Changes in exchange rates can also have a positive or negative effect on the value of an investment. For this reason, you may receive less than your originally invested amount when you redeem your units. Persons who are interested in purchasing units in investment funds are advised to read the current fund prospectus(es) and the Information for Investors pursuant to Art 21 AIFMG, especially the risk notices they contain, before making an investment decision. If the fund currency is different than the investor’s home currency, changes in the relevant exchange rate can positively or negatively influence the value of the investment and the amount of the costs associated with the fund in the home currency.

We are not permitted to directly or indirectly offer, sell, transfer, or deliver this financial product to natural or legal persons whose place of residence or domicile is located in a country where this is legally prohibited. In this case, we may not provide any product information, either.

Please consult the corresponding information in the fund prospectus and the Information for Investors pursuant to § 21 AIFMG for restrictions on the sale of the fund to American or Russian citizens.

It is expressly noted that this communication does not provide any investment recommendations, but only expresses our current market assessment. Thus, this communication is not a substitute for investment advice, does not take into account the legal regulations aimed at promoting the independence of financial analyses, and is not subject to a prohibition on trading following the distribution of financial analyses.

This document does not represent a sales activity of the respective management company and therefore may not be construed as an offer for the purchase or sale of financial or investment instruments.

Erste Asset Management GmbH and ERSTE Immobilien Kapitalanlagegesellschaft m.b.H. are affiliated with the referring Sparkassen banks and Erste Bank.

Please also read the “Information about us and our securities services” published by your bank.

Subject to misprints and errors.

ERSTE Immobilien Kapitalanlagegesellschaft, Am Belvedere 1, 1100 Vienna
Imprint / Media owner and publisher: ERSTE Immobilien KAG, Am Belvedere 1, 1100 Vienna
service@ersteimmobilien.at / www.ersteimmobilien.at / Place of publication: Vienna