26.10.2017 09:30

USD 400,000,000 8 per cent. Subordinated Notes due 2023

(ISIN: XS0878492791)



(the "Notes" and the holders thereof, the "Noteholders")

Credit Europe Bank N.V. (the "Issuer") intends to redeem the Notes at their call date on 24 January 2018. The redemption is subject to formal approval from the Dutch Central Bank (De Nederlandsche Bank N.V.) and, if obtained, the Issuer intends to give formal notice to the Noteholders in accordance with the terms of the documentation.

Credit Europe Bank N.V. hereby also informs that it is in the process of spinning-off its Russian subsidiary, Credit Europe Bank Ltd., within its shareholders group, subject to formal regulatory approvals. Further information on the transaction will be made available through the Bank’s corporate website (www.crediteuropebank.com) in the coming period.

DISCLAIMER

This announcement is not intended to and does not constitute or form part of any offer to sell or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities in any jurisdiction, nor shall it (or the fact of its distribution) form the basis of, or be relied on in connection with, any contract therefore or be considered a recommendation that any investor should subscribe for or purchase or invest in any securities.

The securities described in this announcement have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, or under any relevant securities laws of any state of the United States of America and may not be offered, sold or delivered in the United States of America or to, or for the account of or benefit of, U.S. Persons, subject to certain limited exemptions.

This press release is published by Credit Europe Bank N.V. and contains inside information within the meaning of article 7 (1) to (4) of Regulation (EU) No 596/2014 (Market Abuse Regulation).