BAWAG: November 19, 2021 – Acquisition of DEPFA BANK by BAWAG Group successfully completed

PRESS RELEASE

VIENNA, November 19, 2021

ACQUISITION OF DEPFA BANK BY BAWAG GROUP SUCCESSFULLY COMPLETED

VIENNA, November 19, 2021 – Today, the BAWAG group announces the successful completion of the acquisition of DEPFA BANK plc and its subsidiary DEPFA ACS Bank DAC, from the German FMS Wertmanagement AöR (“FMS-WM”). Following receipt of all regulatory approvals, the transaction announced in February was successfully completed.

Anas Abuzaakouk, CEO of BAWAG Group: “Today is another important step forward as we continue to implement our strategy. The acquisition of DEPFA represents an attractive and accretive capital investment opportunity. This allows us to acquire high quality, low risk assets, leverage our balance and public sector experience, and leverage our operational capabilities to execute an orderly and expedited liquidation of the Bank. ”

The DEPFA group, headquartered in Dublin, Ireland, was part of Hypo Real Estate Holding AG, which was nationalized in 2009. Prior to nationalization, the DEPFA group mainly focused on the issuance of public sector covered bonds . The DEPFA group was acquired by FMS-WM in 2014 and has been in the process of ceasing its banking operations since 2009. The BAWAG group will continue to ensure an orderly liquidation of the bank building on the infrastructure and operational capacities. of the group as a whole. .

About DEPFA BANQUE

The name DEPFA is derived from Deutsche Pfandbriefbank. DEPFA provided a range of financial products to the public sector and was the issuer of Irish public sector covered bonds through its subsidiary DEPFA ACS Bank DAC. After a bailout, the German government was left with 100% ownership of DEPFA’s parent company, HRE Group in 2009. Since the government bailout, DEPFA Group management and employees have focused on management and the reduction of its public sector financial asset base. On December 19, 2014, the DEPFA group became a 100% subsidiary of the German public agency FMS Wertmanagement AöR (FMS-WM), which was established in 2010 as the liquidation institution of the Federal Republic of Germany for the nationalized group HRE. FMS-WM is under the direct control of the German Financial Market Stabilization Fund (“FMS”), which is managed by the Federal Agency for Financial Market Stabilization (“FMSA”). The DEPFA Group has not made any new commercial commitments since then. The DEPFA Group continues to preserve its capital and liquidate its portfolio in order to maintain value.

About the BAWAG group

BAWAG Group AG is a publicly traded holding company headquartered in Vienna, Austria, serving 2.3 million retail, small business, corporate, real estate and public sector customers in Austria , Germany, Switzerland, the Netherlands, Western Europe and the United States. The Group operates under different brands and through multiple channels offering comprehensive savings, payment, credit, leasing, investment, construction, factoring and insurance products and services. Our goal is to provide simple, transparent and affordable financial products and services that our clients need.

BAWAG Group Investor Relations website https://www.bawaggroup.com/ircontains additional information, including financial and other information for investors.

PRESS RELEASE

VIENNA, November 19, 2021

Contact us:

Financial community:

Jutta Wimmer (Head of Investor Relations) Phone: +43 (0) 5 99 05-22474 IR-Hotline: +43 (0) 5 99 05-34444 e-mail:Investor.relations@bawaggroup.com

Media:

Manfred Rapolter (responsible for corporate communications, spokesperson) Tel. : +43 (0) 5 99 05-31210

E-mail: communications@bawaggroup.com

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