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Dear Mr./Mrs. [Firstname Lastname], We offer you access to investment product and services at the highest standards We are glad to announce you that the Ministry of Public Finance will continue the Fidelis program between July 10th - 28th, 2017, offering a new issuance of government securities, having maturity in 2020. We are honored that Raiffeisen Bank is part of the Mediation Syndicate of this new edition, continuing the tradition of the past two years. The securities issued will have an interest rate of 2,5% p.a., with annual payment, the related interest and capital gains begin tax exempt.     For more details on this edition of the Fidelis program, please contact your personal banker and consult the issuance prospectus here.       Sincerely, Friedrich Wilhelm Raiffeisen Team Best Private Bank

004.021.306.7777   www.fwrbanking.ro   Available 24/7 You can contact us at our Friedrich Wilhelm Raiffeisen customer number

The Prospectus for Government securities is published in electronic format on the website of the Ministry of Public Finance (www.mfinante.ro) and on the website of Raiffeisen Bank at www.raiffeisen.ro/fidelis/. An investment in government securities involves risks, including but not limited to, changes in legislation, including the tax regime applicable, or interest rate risks. Raiffeisen Bank SA, headquartered in Bucharest, district 1, no. 246C Calea Floreasca, zip code 014476 Romania, tel/fax:*2000 / 021.230.06.84, is registered within Financial Supervisory Authority (FSA) by the number PJR01INCR/400009, and authorized by the Financial Supervisory Authority through the FSA Decision no. A75/30.01.2014, followed by the FSA Decision no. A239/27.03.2014. For further information regarding the present advertising material go to www.raiffeisen.ro/fidelis/.   You have received this email because your email address is in the Raiffeisen Bank S.A. database, following your expressed acceptance regarding the receiving of informative messages from Raiffeisen Bank S.A. This message is addressed to you with the purpose of informing you regarding the services, products or activities carried on by Raiffeisen Bank S.A and it is transmitted to you with the purpose of keeping you updated with the latest products/services that we offer and the activities that we carry on. In conformity with the law regarding electronic content, this message cannot be considered spam because: • It contains the identification data of the addresser; • It contains instructions of how to unsubscribe; • Receiving the offer does not involve you financially. Read Legal Terms. In case the Internet provider filters the received emails, please add the address info@raiffeisenbank.ro in your Address Book, in order to make sure that you receive all the information from Raiffeisen Bank S.A. in due time. If you no longer wish to receive information via email from Raiffeisen Bank S.A., please click the next link: Click here.