The licence held by Tirolinvest Kapitalanlagegesellschaft m.b.H. to conduct banking transactions requiring a licence pursuant to Article 1 para. 1 no. 13 BWG in conjunction with Article 5 para. 1 InvFG 2011 has lapsed pursuant to Article 7 para. 1 no. 6 BWG in conjunction with Article 7 para. 2 InvFG 2011 as a result of its merging with ERSTE-SPARINVEST Kapitalanlagegesellschaft m.b.H..