ERSTE GROUP BANK (=) : Progressing with Poland

Research evidence excerpt

ERSTE GROUP BANK (=) : Progressing with Poland

Qatar Central Bank in accordance with their regulations or any other regulations in Qatar. Securities in the

company/ies that is/are the subject of this report are not and will not be traded on the Qatar Stock Exchange.

Singapore: This report is being distributed in Singapore by BNP Paribas, acting through its Singapore Branch, and may be distributed in Singapore

only to an Accredited or Institutional Investor, each as defined under the Financial Advisers Regulations ("FAR") and the Securities and Futures Act

2001 of Singapore, as amended from time to time. In relation to the distribution to such categories of investors, BNP Paribas, acting through its

Singapore Branch, and its representatives are exempted under Regulation 35 of the FAR from the requirements in Section 45 of the Financial Advisers

Act 2001 of Singapore, regarding the disclosure of certain interests in, or certain interests in the acquisition or disposal of, securities, securities-based

derivatives contracts or units in a collective investment scheme, referred to in this report. For Institutional and Accredited Investors in Singapore, please

contact BNP Paribas, acting through its Singapore Branch (company registration number: S71FC2142G; address: 10 Collyer Quay, 34/F Ocean

Financial Centre, Singapore 049315; tel: (65) 6210 1288; fax: (65) 6210 1980) for all matters and queries relating to this report.

South Africa: BNPP is a bank incorporated in France with a local branch registered with the South African Reserve Bank and registered as an external

company in terms of the South African Companies Act, 2008 . BNPP is an authorised Financial Services Provider (FSP 44610) and subject to regulation

by the Financial Services Board and South African Reserve Bank.