Roadshow Green Bond | June 2021 # COMPANY PROFILE

2 Roadshow Green Bond | June 2021 FACT SHEET OBERBANK Oberbank 7th largest bank in Facts & Figures

Bank Total assets in EUR Staff (FTEs) 2,168 1 Bank 277.4 billion 2 Raiffeisen Bank International AG 166.0 billion Receivables from customers 3 Bank Austria AG 118.5 billion 17.3 billion 4 BAWAG P.S.K. 53.1 billion 5 Raiffeisenlandesbank OÖ AG 41.5 billion Primary funds 15.4 billion 6 Raiffeisenlandesbank NÖ-Wien AG 27.7 billion 7 Oberbank 24.4 billion Number of branches 8 HYPO NOE Gruppe 16.4 billion 176 Raiffeisen-Landesbank Steiermark 9 16.0 billion ▪ Source: Oberbank AG, Annual Report 2020 | Annual Reports of the respective institutions AG ▪ As of 31.12.2020

3 Roadshow Green Bond | June 2021 5 COUNTRIES – 176 BRANCHES – ONE OBERBANK

2020: 176 Filialen Potsdam Branch openings 2021 • Potsdam • Jindřichův Hradec • Tatabánya (planned)

Mainz Jindřichův Hradec Karlsruhe Kosice

Memmingen Tatabány a

Source: Oberbank AG Roadshow Green Bond | June 2021 4 As of: 31.12.2020 INDEPENDENCE DEVELOPED OVER YEARS

1869 1984 1990 2004 2019 Founded in End of syndicate Market entry Market entry in 150 Years of agreement with /Germany the Czech Oberbank Creditanstalt Republic 177 Branches

1945 2000 2009 13 branches First presentation Market entry in of Oberbank, BTV and BKS as 3 Banken Gruppe

1952 2002 2013 Creditanstalt 100 branches 150 branches sells 1/3 of its shares to BKS and BTV 1986 2007 1929 Initial public offering Market entry in Creditanstalt at the Stock becomes majority Exchange shareholder

5 Roadshow Green Bond | June 2021 ISSUER RATING OF OBERBANK

Rating by Standard & Poor‘s

Credit rating Outlook

Long-term issuer rating A negative

Short-term issuer rating A-1

Mortgage-backed cover pool AAA stable

Source: Standard & Poor‘s As of: 11.02.2021 Issuer rating; 23.03.2021 Rating of mortgage-backed cover pool; 22.10.2020 Rating Senior Non- Preferred

6 Roadshow Green Bond | June 2021 SHAREHOLDER STRUCTURE ENSURES AUTONOMY

Bank für Tirol und Vorarlberg AG (incl. BTV 2000) 16.15% Free Float 31.63%

Shareholder Structure BKS Bank AG 14.79% 31.03.2021 (incl. subordination syndicate with BVG)

4.50% Wüstenrot Wohnungs- UniCredit Bank Austria AG, Wien 3.41% wirtschaft reg. Gen.m.b.H

23.76% 1.62% Generali 3 Banken Holding AG 4.14% CABO Beteiligungsgesellschaft m.b.H Employees

Source: Oberbank AG 7 Roadshow Green Bond | June 2021 As of: 31.03.2021 WE HAVE ONE OF THE OLDEST EMPLOYEE PARTICIPATION PROGRAMMES IN AUSTRIA

4.14 % ~ EUR 130 million of Oberbank belongs to invested by employees our employees

4.14 % since 1994 ~ 2,600 Employees one of the oldest employee employees hold shares participation programme

Employee Foundation (Mitarbeiterstiftung) special offers for employees

Source: Oberbank AG 8 Roadshow Green Bond | June 2021 As of: 31.03.2021 BUSINESS MODEL

Corporate & Business Customers Portfolio Retail Customers

ca. 56,000 ca. 284,000

Export & investment (Structured) finance finance, private Real estate equity, finance Retirement Documentary mezzanine & provisioning business & capital, leasing subsidised loans

Business Finance Business guarantees Interest rate & Business currency investments & Risk Risk Private banking &

Mgmt. Consumer loans & management pension plans asset vehicle leasing Payment management services & cash

services management Payment Payment

Source: Oberbank AG: Annual Report per 31.12.2020 9 Roadshow Green Bond | June 2021 As of: 31.12.2020 EXPANSION ALSO REFLECTED IN DEVELOPMENT OF LENDING VOLUME

17,265 16,570 15,632 14,411 13,379 12,403

13,102 13,557 12,421 11,413 10,550 +5 % +3.5 % 9,759 +9 % +8 % +3 % +8 %

3,708 2,644 2,829 2,998 3,211 3,468 +11 % +7 % +6 % +7 % +8 % +6.9 %

2015 2016 2017 2018 2019 2020 Retail Loans Corporate Loans

Source: Oberbank AG, Annual Reports 2015 to 2020 10 Roadshow Green Bond | June 2021 As of 31.12.2020 | Amounts in EUR billion DISTRIBUTION OF LOANS REFLECTS THE REGIONAL FOCUS

SK 3% HU 5%

CZ 8%

Distribution of DE 17% loans in the , regions 45%

Lower Austria 8%

Vienna 14%

Source: Oberbank AG 11 Roadshow Green Bond | June 2021 As of 31.03.2021 EQUITY CONTINUALLY INCREASED OVER THE PAST YEARS

4 bn. 20 %

17.87% Billions

3.11 bn EUR

3 bn. 15

11.61%

2 bn. 10

1.53 bn EUR

Equity Tier 1 Capital Ratio* 1 bn. 5 2014 2015 2016 2017 2018 2019 2020 Q1/2021

* Tier 1 Capital Ratio according to Basel III (since 2014)

Source: Oberbank Annual Reports 2014 – 2020; 12 Roadshow Green Bond | June 2021 Oberbank Shareholder Report 31.03.2021 WE MEET THE STATUTORY CAPITAL REQUIREMENTS

20.43% MREL* 17.84% 18.17% IST zum 31.12. TREA TLOF 2020 IST zum Requirement* 21.72 % 14.25 % 31.12. As of As of As of IST zum 2020 31.12. 31.12. 31.12. 31.12. As of 2020 28.54 % 17.98 % 2020 2020 2020 31.12.2020 +1.30% SREP Premium 10.55%

8.55% 7.05%

Gesetzliches Gesetzliches RegulatoryErfordernis ErfordernisRegulatory Regulatory Requirement Requirement Requirement

Harte CETKernkapitalquote Tier 1 Ratio Kernkapitalquote Tier 1 Capital Ratio GesamtkapitalquoteTotal Capital Ratio

▪ * From January 2022 on, Oberbank must fulfill MREL – requirements as prescribed by FMA; MREL= Minimum requirement of eligible liabilities and own funds ; TREA = total risk exposure amount ; TLOF = total liabilities and own funds

Source: Oberbank Annual Report 31.12.2020; 13 Prospectus 2021 and Brospectus Supplement No. 1 dated 23.03.2021 Roadshow Green Bond | June 2021 OBERBANK'S INVESTMENT STRATEGY

Financial and Industrial Sector Private Equity Other Insurance companies

Source: Oberbank AG 14 Roadshow Green Bond | June 2021 As of 31.12.2020 OBERBANK STRATEGY 2025

15 Roadshow Green Bond | June 2021 DIGITALISATION IS A KEY STRATEGIC GOAL: DIGITAL SERVICES IN OUR CORPORATE & PERSONAL BANKING IT Support by

Extension of Service and Sales Functions

Onboarding Digital Household Online eKYC New Customers Credit Card Planner Consumer Loans Apple Pay Redesign Banking App

Online Wertpapier Safe Integration Investor Profile Address Changes Performance Investments

Investment Funds Guarantees

App optimized Multi-Bank Cash for BC Management iTrader Push Alerts Ability

2020 2021 2022

Source: Oberbank AG 16 Roadshow Green Bond | June 2021 As of 31.12.2020 OBERBANK AT A GLANCE - KEY FIGURES Q1 2021

Profits before Tax Cost-Income-Ratio

59.2 mn. +134.1 mn.1 53.5% + 0,1%n.a.2-P.

as of 31.03.2021 Lending Volume Primary Funds

+ 0.5 bn.3 + 0.7 bn.3 17.8 bn. + 3.0% 16.2 bn. + 4.7%

1 Reference figures: 31.03.2020 2 no informative value 3 Reference figures: 31.12.2020

Source: Oberbank AG 17 Roadshow Green Bond | June 2021 As of 31.03.2021 | Amounts in EUR LONG-TERM DEVELOPMENT OF PROFITS BEFORE TAX

300 276.2 mn. EUR

250

200 167.5 mn. EUR

150

100

50

0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

18 Source: Oberbank Annual Reports 2002 – 2020 Roadshow Green Bond | June 2021 STABLE COST STRUCTURE

Cost-Income-Ratio (CIR)

58.5 % 53.5 % 50.5 % 50.8 % 49.9 % 48.9 % 50.0 %

2015 2016 2017 2018 2019 2020 Q1/2021

Source: Oberbank AG, Annual Reports 2015 – 2020; 19 Oberbank Shareholder Report 31.03.2021 Roadshow Green Bond | June 2021 As of 31.12. and 31.03.2021 respectively LOAN LOSS PROVISIONS

Charges for losses on loans Risk Indicators 2017 2018 2019 2020 (in mn. EUR) NPL-Ratio gross* 2.59 % 2.43 % 1.96 % 2.05% 50

45 47.1 41.8 40

35

30

25 28.4 25.0 25.6 20

15

10 12.2 5

0 2015 2016 2017 2018 2019 2020

Source: Oberbank AG, Annual Reports 2015 – 2020; 20 As of 31.12. | As of 31.12.2020; * annual publication Roadshow Green Bond | June 2021 # SUSTAINABILITY

21 Roadshow Green Bond | June 2021 SUSTAINABILITY AT OBERBANK

• Clear commitment to the goal of the Paris Climate Agreement to limit global warming to 1.5°C E • Decarbonisation of the credit portfolio by applying limits, exclusion criteria and positive criteria • Impact reporting: measurement and reporting on the impact of our loans (CO2 reduction) Environment • Climate neutrality of own operations (in Scope 1 & Scope 2) by 2025

• Fair employer & employee satisfaction • Sustainable human resources development & active health management S • Employee participation scheme: one of the oldest employee participation schemes in Austria Social • Social responsibility: we support numerous initiatives in our regions

• Identification and measurement of ESG risks in our credit portfolio • Proactive stakeholder dialogue as a fixed component of sustainability management G • Commitment to the Austrian Code of Corporate Governance (ÖCGK) Governance • Compliance: high quality training courses guaranteed for all employees

22 Roadshow Green Bond | June 2021 OBERBANK’S CONTRIBUTION TO THE UN SUSTAINABLE DEVELOPMENT GOALS

The sustainability ambitions of Oberbank comply with the UN’s sustainable development goals. Minimum of EUR 1.5 billion in sustainable loans to individuals We make concrete, measurable contributions to help achieve the SDGs:

23 Roadshow Green Bond | June 2021 MATERIALITY ANALYSIS AS A BASIS OF THE ESG STRATEGY

Focus Areas The results of the materiality analysis are at the heart of Oberbank’s very high Portfolio of sustainable sustainability strategy. Protection of products and lending policy customer data Customer satisfaction Compliance The materiality analysis is high Fair employer Asset the cornerstone of

management & making of stakeholders stakeholders of making - Treasury • our sustainability strategy Protect labour rights & ensure safe working environment Corporate Governance

moderate Social engagement / Human resources • sustainability goals, measures and corporate citizenship development Work-life balance indicators Sustainable procurement & relationships with • annual sustainability report (in suppliers Environmentally- low compatible accordance with GRI standards: core operations option)

high very high

Influence on assessment and decision and assessment on Influence low moderate

Economic, environmental, social impacts of activities

24 Roadshow Green Bond | June 2021 SUSTAINABILITY MANAGEMENT

Stakeholder dialogue: Sustainability Officer Sustainability • Regular re-evaluations of our sustainability for the entire bank Committee engagement with our key stakeholder groups • Recognized best-practices peer

Sustainability Officer for each central department Participants of the stakeholder dialogue 2020

Private sector Public sector Sustainability organisation at Oberbank: institutions • Sustainability Officer is the first point of contact and hub for the various sustainability tasks within the Group • One Sustainability Officer for each department to ensure that the topic is well-established in all areas • Sustainability Committee (management board & department heads) ensures the implementation of the sustainability strategy and approves new measures Interest group representatives, advisors

25 Roadshow Green Bond | June 2021 AWARDS AND MEMBERSHIPS

Memberships and industry initiatives

UN Global Compact Our activities received the VÖNIX Sustainability Award of the Vienna Stock Exchange in 2020

Österreichische Gesellschaft für Umwelt und Technik Austrian environmental label for sustainable financial products for: • Sustainable portfolio management • Sustainable account models austrian business council for sustainable development (be(e) green giro account, be green savings account)

26 Roadshow Green Bond | June 2021 STRATEGIC FIELDS OF ACTION UNTIL 2025

Governance Finance and Asset Environment Society Customers lending policy Management Commitment to Climate neutrality Commitment to Retain high customer 1.5 C goal Minimum of EUR 1.5 Double the Scope 1 & Scope 2 regionality principle satisfaction rating billion in sustainable volume of (Net Promoter Score Sustainability is CO2 carbon footprint 95% of our loans granted to sustainable > 60) part of the overall individuals investments to per employee sponsoring budget bank strategy EUR 2.5 billion < 1 ton CO2 goes into our Digitisation degree Decarbonisation of markets of customers Engagement in the portfolio > 80% ESG initiatives Employees Procurement Impact reporting: primarily from the Dialogue with Next generation: 80% region stakeholders 50% of all new of management staff recruited issues meet ESG from within the company criteria (green/social Gender balance: 30% female bonds) management staff

27 Roadshow Green Bond | June 2021 EXCLUSION CRITERIA

Oberbank will not enter into business relationships Absolutely excluded transactions

with companies and will distance itself from a Sector/criterion Excluded company for which it is known or becomes known in • Production of nuclear power Nuclear power • Mining of uranium and enrichment the course of a business relationship that it • Handling and trade in radioactive waste or hazardous • waste and/or receipt of commissions on such trade violates labour law, human rights • Production and trade in drugs not permitted for Drugs • or employs child labour. consumption in Austria by law Gemstones and conflict • Mining of conflict materials or blood diamonds or similar materials • Non-compliance with internationally recognized standards Fishery and treaties Exclusion criteria for countries • Trade in endangered and threatened species, or trade in Trade in protected species protected by the Washington Convention on Criterion Excluded animals or export International Trade in Endangered Species of Wild Fauna Countries on the black, dark gray or gray list of the leather and Flora (CITES) or in parts of such animals FATF list Financial Action Task Force on Money Laundering (FATF) • Brokering of hunts or hunting of such animals Countries on the EU list of high-risk countries (RE (EU) High-volume fracking EU list of high-risk countries • Primary business purpose is high-volume fracking or 2020/855) and extraction of oil extraction of oil sands Countries that have not ratified the 2015 Paris Climate sands Climate protection Agreement • Exclusive extraction of coal Freedom of the press and Countries in which press and media freedom is massively Coal media restricted (on blacklist of Reporters Without Borders) • Destructive human embryo research that contributes Embryo research significantly to revenues (excluding in-vitro fertilization) Countries against which EU sanctions have been imposed unless specifically defined policies and procedures are in Sanctions place at Oberbank to mitigate the relevant risks in a lawfully compliant manner.

28 Roadshow Green Bond | June 2021 # OBERBANK AG GREEN BOND FRAMEWORK

29 Roadshow Green Bond | June 2021 OBERBANK AG GREEN BOND FRAMEWORK The Framework is based on the current version of the Green Bond Principles of ICMA (2021), the Delegated Acts for Environmental Objectives 1 and 2 of the EU Taxonomy (June 2021) and the requirements of the draft of the EU Green Bond Standard (2020).

Net proceeds of the Green Bond Instruments will be used to finance or refinance, in whole or in part, loans or Use of Proceeds investments that promote the transition to a low-carbon, climate resilient and sustainable economy

Process for Loan Evaluation & Oberbank‘s Green Bond Committee is responsible for the selection and evaluation of Green Loans, which Selection were previously declared eligible .

Management of The net proceeds of Green Bond Instruments issued under this Framework are managed by the Green Bond Proceeds Committee applying a portfolio approach.

Annual reporting on the allocation of the proceeds to the green portfolio on an aggregate (portfolio) basis & Reporting on the environmental impact of the green loans financed with the net proceeds of the Green Bond Instruments.

30 Roadshow Green Bond | June 2021 USE OF PROCEEDS

Green Green Definition Eligibility criteria UN SDG EU-Taxonomy project category sub-category Energy Performance Certificate (EPC) Class A. Alternatively, buildings that belongs to the top Environmental Acquisition and ownership of residential 15% most energy efficient buildings at the Objective (1): buildings (single-family and multi-family) built national or regional level in terms of Climate Change before 31 December 2020 operational primary energy demand (PED), with Mitigation Construction of new the corresponding certification. buildings The primary energy demand (PED), which defines energy efficiency of a building after construction, is at least 10% below the national Acquisition and threshold for nearly zero energy buildings ownership of (NZEB) and verified by an Energy Performance Green Buildings Acquisition and ownership of residential residential buildings buildings (single-family and multi-family) built Certificate (EPC). (residential) after 31 December 2020 For residential buildings over 5.000 m2: Testing for air tightness and thermal integrity upon completion or, alternatively, verifiable quality control processes during the construction process.

Renovation of Building renovation complies with the applicable Renovation of existing single-family and multi- requirements for major renovations. existing residential familiy homes Alternatively, it leads to a reduction in primary buildings energy demand (PED) for at least 30%.

31 Roadshow Green Bond | June 2021 LOAN EVALUATION & SELECTION

Precise internal review processes and responsibilities have been defined at Oberbank to assess sustainability (according to the EU Taxonomy) and the eligibility of loans granted by Oberbank for green bond funds.

Oberbank's existing business in the area of retail mortgages was analysed by an external partner (Drees & Sommer) and assessed for eligibility as sustainable financing for the first issue of a green bond under this Framework. In the future, new business will also be assessed internally according to the same logic.

Oberbank has set up a Green Bond Committee (GBC) to manage the Green Bond Framework. The member of Oberbank’s Management Board responsible for sustainability is on Oberbank's GBC (and also chairs it) as well as the relevant department heads and the Oberbank's sustainability officers. The Green Bond Committee is responsible for • Approval of green loans identified in accordance with the aforementioned definition of green loans • Exclusion of green loans that no longer meet the green bond criteria • Identification and management of potential ESG risks of green loans • Monitoring the distribution of net proceeds from Green Bond Instruments • Review and updating of the Green Bond Framework

32 Roadshow Green Bond | June 2021 MANAGEMENT OF PROCEEDS

The net proceeds of Green Bond Instruments issued under this Framework are managed by the Green Bond Committee applying a portfolio approach.

• Oberbank allocates the net proceeds from Green Bond Instruments to a portfolio of eligible loans that meet the green bond criteria as described in the section on Use of Proceeds. Eligible green loans are flagged as such in the bank's internal system, and can therefore be represented in a portfolio. • Oberbank’s aim is to fully allocate eligible green loans to the portfolio (Green Portfolio) until maturity, but at the latest 18 months after the issue. If loans are removed from the Green Portfolio due to early repayment, redemption, sale or loss of status as eligible for the Green Portfolio, they will be replaced by eligible green loans. • The availability of eligible green loans and compliance with green bond criteria is reviewed on a quarterly basis.

33 Roadshow Green Bond | June 2021 REPORTING & GREEN PORTFOLIO Oberbank will prepare and make available reports on • the allocation of the net proceeds to the Green Portfolio on a nominal equivalence basis one year after the issuance of the respective Green Bond Instruments (Allocation Reporting); • on the environmental impact of the green loans financed with the net proceeds of the Green Bond Instruments (Impact Reporting). These reports will be updated annually until full allocation. The reports will be assessed and approved by Oberbank‘s Green Bond Committee.

Green Portfolio as of 31.05.2021

Annual CO Annual final 2 Type Number of loans Signed amounta emissions energy savingsb avoidancec

[-] [EUR] [MWh/year] [tCO2/year] Oberbank AG - AT Green Building 1115 250,599,973.52 49,021.36 6,917.83

a Legally committed signed amount by the issuer for the porfolio or portfolio components eligible for green bond cGreenhouse gas emissions avoidance determined by multiplying the final energy savings with the carbon emissions intensity financing. bFinal energy savings calculated using the difference between the top 15% and the national building stock benchmarks

34 Roadshow Green Bond | June 2021 SECOND PARTY OPINION – ISS ESG

Part 1: • According to the ISS ESG Corporate Rating the issuer shows a high sustainability Consistent Green Bonds link performance against the industry peer group on key ESG issues faced by the Public with issuer’s to issuer’s & Regional Banks sector. sustainability sustainability • The issuer is rated 32 out of 277 companies within its sector. strategy strategy

Part 2: • The issuer has defined a formal concept for its Green Bonds regarding use of Performance proceeds, processes for project evaluation and selection, management of against the Green proceeds and reporting. This concept is in line with the Green Bond Principles Positive Bond Principles (June 2021). • The use of proceed categories ‘green buildings’ have a positive contribution to SDG 13 ‘Climate Action’.

Part 3: • Based on robust processes for selection of Green Loans, ISS ESG considers the Alignment of the green eligible projects to be aligned with the EU Taxonomy (June 2021) and the Use of Proceeds relevant activity-specific Technical Screening Criteria, Do No Significant Harm Aligned with the EU Criteria and Minimum Social Safeguards. Taxonomy

Source: ISS ESG Second Party Opinion on Oberbank AG Green 35 Bond Framework, 17.06.2021 Roadshow Green Bond | June 2021 # REAL ESTATE MARKET

36 Roadshow Green Bond | June 2021 DEVELOPMENT OF THE REAL ESTATE MARKET IN AUSTRIA

300 Prices: Austria total 300 Prices: Austria excluding Vienna (2003Q1=100) (2003Q1=100) 250 250

200 200

150 150

100 100

50 50 2003 2006 2009 2012 2015 2018 2021 2003 2006 2009 2012 2015 2018 2021

Austria Vienna Austria excluding Vienna Single-family Houses New condominiums Used condominiums

▪ Increasing prices for residential properties in all price Price Increase segments, especially strong demand for single-family Q1 / 2021 Reference figure Reference figure houses Q4 / 2020 Q1 / 2020 ▪ COVID-19 pandemic has evoked the desire for living in AT +3.9 % +12.3 % the countryside or with an own garden AT excl. Vienna +4.6 % +14.0 % ▪ Price development in Vienna in line with the rest of Vienna +3.3 % +10.9 % Austria

Source: OeNB Roadshow Green Bond | June 2021 37 As of: 1st Quarter 2021 RESIDENTIAL BUILDING: RECOVERY FROM COVID-19 PANDEMIC

Real housing investment (Annual change in %) 10 5 0 -5 -10 Residential Building Activities 2020 -15 2003 2006 2009 2012 2015 2018 2021 Decrease of real housing investments compared Building permits to 2019: -4.0 % 60 (Annual change in %) 40 Decrease of building permits compared to 2019: -2.2 20 % 0 -20 -40 2006 2009 2012 2015 2018 2021

Number of dwelling units Gross loor space

Source: OeNB Roadshow Green Bond | June 2021 38 As of:4th Quarter 2020 CONSTANT GROWTH OF HOUSING LOANS

Affordability 180 (Average since 1989=100) 160 140 120 100 ▪ The nominal annual growth rate of housing loans 80 to private households has slightly increased in 60 40 March 2021 to 6.1 % (6.0 % in March 2020) 1991 1996 2001 2006 2011 2016 2021

Austria Vienna ▪ Favourable conditions Housing loans ▪ Average interest rate for housing loans to 30 (Annual chnge in %) private households in March 2021: 1.18 % 20 (-22 basis points compared to March 2020) 10

0 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021

To private households

Source: OeNB Roadshow Green Bond | June 2021 39 As of: 1st Quarter 2021 SUMMARY REAL ESTATE MARKET

▪ Decrease in residential ▪ Stable real estate market ▪ Higher Unemployment

building activities 2020 despite COVID-19 ▪ Government aids compensate ▪ Forecast 2021: Recovery uncertainty of planning for market participants

▪ Favourable terms of financing

40 Roadshow Green Bond | June 2021 # COVER POOL

41 Roadshow Green Bond | June 2021 OBERBANK MORTGAGE-BACKED COVER POOL

Granular cover No loans at risk pool / included/ only EUR loans rating floor

Conservative AAA-Rating lending / S&P risk managment

Strong Focus on economic regions residential AT & GE real estate

42 Roadshow Green Bond | June 2021 HIGH OVERCOLLATERALISATION – FOCUS ON HOUSING SECTOR

Cover Pool (in mn. EUR) Portfolio

2,256 Surplus cover Commercial EUR 1,019.2 mn. 22.6 %

Total issues EUR 1,236.5 mn. thereof EUR 500 mn. Retained Covered Bond Residential 77.4 % Cover pool Issues

June 2021: Emmission of a new Retained Covered Bond (EUR 280 Mio.)

43 Source: ATT Cover Pool Reporting as of 31.03.2021 Roadshow Green Bond | June 2021 COVER POOL - COMPOSITION

Granularity – 50% < 300.000 EUR* Regional distribution**

9% 20% 16% 445 mn. 362 mn. 15% 30%

16% 5% 355 mn. 34% 775 mn. 8% 7% 149 mn. 8% 20% 170 mn. 14%

Upper Austria Vienna Salzburg < 100.000 100.000 - 300.000 300.000 - 500.000 500.000 - 1.000.000 1.000.000 - 5.000.000 >= 5.000.000 Other AT Bavaria Other DE

Source: * Fundierte Bankschuldverschreibung Reporting as of 31.03.2021 Roadshow Green Bond | June 2021 44 ** ATT Cover Pool Reporting as of 31.03.2021; Stand: 31.03.2021 TREND TOWARD FIXED INTEREST RATES FOR HOUSING LOANS

Interest terms in Austria in the cover pool

fixed 38% 31.03.2021 floating 62%

in % of the portfolio

45 Source: ATT Cover Pool Reporting as of 31.03.2021 Roadshow Green Bond | June 2021 # FUNDING

46 Roadshow Green Bond | June 2021 FUNDING ACTIVITIES

2020 Senior Non-Preferred 2019 Debut 2021 Senior Preferred Club Deal Covered Bond* Debut EUR 100 mn. 7 years EUR 250 mn. 7 years

PLANNING > 2021 **

2020 Covered Bond 2021 2018 EUR 250 mn. 10 years Senior Non-Preferred Covered Bond Debut EUR 250 mn. 8 years EUR 300 mn. 15 years

* Sub-Benchmark ** The planning status is 31.03.2021. Issuances cannot be guaranteed, because they depend on the market situation and other economic and regulatory factors.

Source: Oberbank AG, Icon made by Darius Dan from www.flaticon.com 47 As of 31.03.2021 Roadshow Green Bond | June 2021 LEGAL FRAMEWORK

Oberbank Covered Bond Status quo - Law on Covered Bank Bonds

Harmonisation of the „Pfandbriefgesetz“ in elaboration: ▪ First draft of a uniform Austrian Law on Covered-Bonds ▪ Legal establishment of Soft-Bullet Structures ▪ Increase of LTV limit for private loans to 80% ▪ Introduction of a 180-day liquidity buffer ▪ Internal trustee

48 Roadshow Green Bond | June 2021 INDICATIVE GREEN COVERED BOND TERMS

Issuer: Oberbank AG Expected Rating of the Notes: AAA by Standard & Poor’s Status of the Notes: Mortgage Covered Bond (Hypothekarisch fundierte Bankschuldverschreibung) Maturity: 7-10 years Maturity Type: Soft Bullet Day Count Fraction: Actual / Actual (ICMA), unadjusted (TARGET) Denomination: EUR 100.000 + EUR 100.000 Listing: Vienna Exchange, Official Market (Amtlicher Handel) Law: Austrian Law Documentation:: Oberbank’s Debt Issuance Programme, Base Prospectus dated 12th February 2021 and supplemented on 23th March 2021, 25th May 2021 and 15th June 2021 Use of proceeds: Use of Proceeds will be allocated by the Issuer to Eligible Green Projects as set out in the Oberbank Green Bond Framework, available at https://www.oberbank.at/bondinvestoren Manufacturer target market: eligible counterparties and professional clients only

49 Roadshow Green Bond | June 2021 SUMMARY

Independence is a key goal Strong & sustainable ownership structure

High degree of stability Sustainability ▪ Stable results ▪ Concrete, measurable ▪ Total capital ratio of 20,19 %* contributions to help achieve the ▪ Long-term issuer rating (S&P): SDG A, with a negative outlook** ▪ Strategic fields of action until 2025

Clear expansion strategy Focus on strong economic regions of Austria, Germany, , Hungary and Slovakia

▪ * Oberbank Shareholder Report 31.03.2021, ▪ **As of 11.02.2021 Issuer rating by Standard & Poor‘s

50 Source: Oberbank AG Roadshow Green Bond | June 2021 CONTACTS

Florian Hagenauer Robert Musner

Member of the Board Head of Treasury & Trading

+43 / 732 / 7802 - 37206 +43 / 732 / 7802 - 32640 +43 / 664 / 805565 000 +43 / 664 / 805565 224 [email protected] [email protected]

Nora Berger Thomas Katzlinger

Sustainability Management Group Head Trading / Capital Markets

+43 / 732 / 7802 - 37127 +43 / 732 / 7802 - 32637 +43 / 664 / 805565 551 +43 / 664 / 805565 534 [email protected] [email protected]

51 Source: Oberbank AG Roadshow Green Bond | June 2021 DISCLAIMER

This presentation (“Presentation") has been prepared by Oberbank AG (“Company") exclusively for advertising purposes. It serves merely as information and does not constitute a financial analysis or advice or recommendation for any financial instrument; neither does it constitute an offer to sell or a solicitation to buy securities of the Company. Neither the Company nor the management or staff of the Company or affiliated companies are under the obligation to update the data contained in this Presentation or to adjust the data to future events and developments; neither do they make any declarations, warranties or representations - explicitly or implied - to the effect that the statements in this Presentation are correct, complete and not misleading.

Any public offering of debt securities of the Company subject to the obligation to publish a prospectus shall be carried out exclusively on the basis of the capital market prospectus approved and published by the Financial Market Authority (FMA) on 12 February 2020 including the relevant final terms and conditions and all supplements (“Prospectus”). This Prospectus is available free of charge from the Company at Untere Donaulände 28, 4020 Linz, and is also available in electronic form on the issuer’s website (https://www.oberbank.at/anleihen).

The approval of the Prospectus by the FMA may not be construed as a recommendation for the debt securities offered in the Prospectus. Only the information contained in the Prospectus shall be binding. Investors are recommended to read the Prospectus before reaching an investment decision in order to fully understand the potential risks and opportunities of an investment in securities. Investors are requested to read the risk warnings carefully before reaching an investment decision. This Presentation or any copy of it is not permitted to be brought to or published in the United States of America, Australia, Canada, Japan, Ireland, United Kingdom or any other country in which the distribution, the use and the publication of these materials are against the law. The debt securities have not been registered pursuant to the United States Securities Act of 1933 or any other authority of a U.S. state or pursuant to the applicable securities laws of Australia, Canada, Japan, Ireland or the United Kingdom and are not permitted to be offered for sale or sold in the United States or for the account of a US person or another person who is a resident of Australia, Canada, Japan, Ireland or the United Kingdom. There will be no public offering of the debt securities in the United States, Australia, Canada, Japan, Ireland or the United Kingdom. Potential recipients of this Presentation may not interpret the contents of this Presentation as advice in legal, tax or investment matters, and must reach their own assessments with respect to such matters and other consequences of an investment in the Company or in securities issued by the Company, including the benefits of investments and the related risks.

By accessing this Presentation, you confirm to the Company that you are (i) permitted to receive such information under all applicable laws, and (ii) that you alone are responsible for your own assessment of the market position of the Company and will conduct your own analysis, furthermore, you are solely responsible for reaching an opinion on the potential development of the Company.

Although the Company assesses the sources used in this Presentation as reliable, we do not assume any liability for the completeness or correctness of the information provided in this Presentation. In particular, the Company does not assume any liability for the correctness of the figures given. The figures given in this Presentation refer to the past. These can not be used to derive future trends.

Oberbank AG, legal form: Aktiengesellschaft (joint stock company), registered office in: Linz Companies Register FN 79063 w, District Court Linz, DVR: 0019020

52 Roadshow Green Bond | June 2021