UniCredit Group ("UCG") announces that a binding agreement to transfer Ukrsotsbank ("USB") into Alfa Group has been signed.

The transaction structure envisages UCG to contribute its exposure in USB to ABH Holdings S.A. ("ABHH" - a privately owned Luxembourg-based holding company investing into several banking activities in the CIS) in exchange for newly issued shares representing 9.9% stake of ABHH post transaction.

As next step, the parties will be seeking the necessary regulatory approvals. The closing of the transaction is expected to happen in 2016.

UniCredit announced the intention of selling Ukrsotsbank in the strategic plan of the group for the period up to 2018, which was presented in November last year.

In the same document UniCredit once again confirms that the region of the CEE countries and Poland, including Bulgaria, continues to be a main strategic market, in which the group is ready to invest additional capital in the next years.

Additional information is available here:

https://www.unicreditgroup.eu/en/pressandmedia/pressreleases-price-sensitive/2016/ucraina.html?ucmenu=IMG-4X7RZTID1X

More information for media:

UniCredit Bulbank, Identity & Communications Department

Viktoria Blajeva, Phone: + 359 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch