ERSTE-SPARINVEST KAG

Fact sheet

ESPA GARANT BEST CHOICE

Status at 08/31/2010

Investment features
ESPA GARANT BEST CHOICE is an investment fund with 100% capital protection at maturity on 7/31/2013. In the aggregate, the investor takes an interest in the performance of three funds: ESPA STOCK COMMODITIES, ESPA STOCK AGRICULTURE and ESPA STOCK BOND BRIK CORPORATE. These are weighted as follows: 50% of the best performing, 30 % of the second-best and 20% of the third-rank fund, respectively. For calculating the performance, the quarterly detected average prices are adducted from the starting point. The share of participation accounts to 86%. Attention: Share certificates could only be purchased within the subscription period from 7/16 to 7/31/2008!

This is an advertisement. Unless otherwise noted, data source ERSTE-SPARINVEST KAG. Our languages of communication are German and English. The latest version of the Prospectus (and any changes thereto) has been published in the “Amtsblatt zur Wiener Zeitung”, in accordance with the provisions of the Austrian Investmentfondsgesetz [Investment Funds Act]. Copies are available free of charge to interested parties at the registered offices of both ERSTE-SPARINVEST Kapitalanlagegesellschaft m.b.H. and Erste Group Bank AG (the custody bank). The most recent publication date and details of any other collection offices are published on the ERSTE-SPARINVEST KAG website (www.sparinvest.com). This document serves to provide additional information to our investors and reflects the knowledge of its authors at the time of going to press. Our analyses and conclusions are of a general nature and do not take into account the personal needs of our investors in terms of income, fiscal situation or attitude to risk. It should be noted that past performance is not a reliable indicator of the future performance of a fund.

Fund key data

Base currency	EUR
Fund volume	12,308,144.27
Fund accounting year	01.08. to 31.07.
Day of first issue	08/01/2008
Sales authorisation	AT
Management fee	1.00 % p.a.
Recommended holding period	III
Investor experience	C - D
Investor risk tolerance	5
Contact	ansprechpartner@sparinvest.com

Share certificates

Type	ISIN	Currency	Net asset value	Initial charge
T.	AT0000A09Y46	EUR	100.11	4.00%

Performance according to OeKB (Oesterreichische Kontrollbank AG) (in %, p.a.) (Reporting date: 08/31/2010)

Currency	1 Year	3 Years	5 Years	10 Years	Beginning of the year ^*	Inception
EUR	4.85				3.31	0.07

^* absolute

Annual performance (in %, in fund base currency)

Year				2008	2009
Performance				-6.98	4.20

Benefits for investor- 100% capital protection at maturity
- 86% participation in three selected ESPA-funds
- Best performers automatically receive higher weightings
- Possible repurchase to the calculated value, less deduction of 3 %, at any time
- Concerning Austrian investors: due taxes will be deducted

Please note- Capital protection is only valid at maturity
- Purchasing share certificates was only possible during the subscription period
- Premature repurchase is feasible to the calculated value, less a deduction of 3%

Performance

Performance (incl. distribution of dividends) between 08/04/2008 and 08/31/2010