ERSTE-SPARINVEST KAG

Fact sheet

ESPA CASH EURO-MÜNDELGilt-edged, near money market fund in EUR

Status at 08/31/2010

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

Dividend	01.10.
Base currency	EUR
Fund volume	21,378,710.13
Fund accounting year	01.07. to 30.06.
Day of first issue	09/14/2009
Sales authorisation	AT
Management fee	0.24 % p.a.
Recommended holding period	I
Investor experience	A - B
Investor risk tolerance	1
Contact	ansprechpartner@sparinvest.com

Share certificates

Type	ISIN	Currency	Net asset value	Initial charge
A.	AT0000A0EU54	EUR	100.61	0.75%
T.	AT0000A0EU62	EUR	100.61	0.75%
T.C.	AT0000A0EU70	EUR	100.61	0.75%

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					0.38	0.61

^* absolute

Annual performance (in %, in fund base currency)

Year					2009
Performance					0.23

Benefits for investorSuitable for trustee-eligible investments.
High level of security and low price volatility.
Suitable for severance payment and pension provisions.
Meets the regulations of the Austrian SME Promotion Act.

Please noteRecommended length of holding at least 1-3 years.
Total coverage regarding Austrian pension liabilities: EUR 100,75 per share.

Top positions

Security	Share of fund assets
OEST.VOLKSBKN 09/12 MTN	14.60%
RAIF.LABA NO 10-13 S7	13.14%
PFSTELLE 05/15 MTN FLR	10.58%
KA FINANZ AG 09/12	10.36%
UNICR.BK AUS. 10-13	9.11%

Fund ratios*

Average securities return	1.60%
Average time to maturity	2.99 Years
Duration	0.83 Year
Mod. Duration	0.82%

* Explanation of financial terms

Performance

Performance (incl. distribution of dividends) between 09/14/2009 and 08/31/2010

Securitytypes