UniCredit adopted measures for further strengthening of the capital base of the Group in line with the regulators’ requirements. The Board of Directors approved a capital increase in the amount of 7.5 bn euro. After implementing the capital measures, UniCredit will meet fully and prior to the expiry of the deadlines the requirements of the European bank regulators.

The proposed measures are in accordance also with the fact that recently UniCredit has been classed as one of the 29 most important banks for the world’s financial system.

In this way the bank will achieve the indicator Common Equity Tier 1 (CET1) under Basel 3 above 9% in 2012, which is a lot more above the regulatory requirements and prior to the expiry of the regulatory deadlines, and above 10% in 2015. The measures will be presented for approval at the Extraordinary Shareholders Meeting on 15th December 2011.

Reasons for the capital increase

The measures that are undertaken aim at further strengthening of the capital base of UniCredit, required pursuant to the legislative requirements. Through them the Group will be positioned favourably in the conditions of the insecure macroeconomic environment and the new regulatory requirements.

These measures will put UniCredit in a favourable position also with regard to the fulfillment of the Strategic Plan of the Group until 2015 and will ensure constant and effective support to the customers and employees in the main markets.

In addition, the capital increase will bring for UniCredit:

1) greater strategic flexibility in undertaking other actions for efficient capital management;

2) significant economic and financial benefits, among which lower costs of funding;

3) ability for an attractive policy for distribution of dividends for the shareholders;

4) adequate cushion against possible impairment in the sovereign debt market or other external shocks.

Focus on CEE

In the strategic plan presented to the shareholders today UniCredit confirms its commitment to CEE and to keeping its position of an indisputable leader in the region.

Italy

The aim of the Strategic Plan until 2015 is to recover the role of UniCredit, which is the largest Italian bank, as an effective and innovative leading commercial bank, which provides to its customers unique access to a vast international network. The main actions foreseen in the plan involve deposit growth in Italy by 15% until 2015, 5,200 layoffs in Italy until 2015, improvement of the cost of risk through tighter rules for loan origination, etc.

Dividend distribution policy

As part of its measures for strengthening the capital base UniCredit does not foresee payout of dividends in 2012 for the results in 2011.

3Q results

UniCredit reports 9.3 bn loss for 3Q this year as a result from losses in the amount of 10.64 bn euro for 3Q. The loss is in line with the expected results in the 2010-2015 strategic plan of UniCredit and comes as a result from one-off goodwill write-off amounting to 10,17 bn euro, as well as from the unfavourable macroeconomic environment and the changes in the regulatory requirements.

In spite of this, the 3Q net operating profit is 2.9 bn euro, which is higher than the result for the first nine months of the past year.

UniCredit expects to return to profitability already in the next quarter.

Full information on the 2015 Strategic Plan, the 3Q results and the capital increase is available at www.unicreditgroup.eu