UniCredit and Amundi entered into a binding agreement to sell Pioneer Investments with the exception of Pioneer in Poland;

Pioneer will be purchased for more than € 3.5 bn;

Amundi and UniCredit also agreed that both companies go into a long-term strategic partnership to sell asset management products on UniCredit network;

The transaction is expected to increase further UniCredit CET1 ratio.

UniCredit reached an agreement with the French company Amundi to sell the subsidiary company Pioneer Investments engaged in asset management. This is a € 3.545 bn transaction. In addition, UniCredit will receive a € 315 mn pre-transaction dividend.

As a result of the transaction UniCredit will enjoy a partnership with a leading asset management player, number 1 in Europe and number 8 worldwide.  Amundi manages assets to the value of about  € 1.3 trillion.

Amundi and UniCredit agreed that both companies go into a long-term strategic partnership to sell asset management products on UniCredit network.

The transaction will have a significant positive impact on UniCredit CET1 ratio.

The transaction, which has been approved by the Boards of Directors of UniCredit, Pioneer and Amundi, is subject to regulatory approvals. The transaction is expected to close in the first half of 2017.

Commenting on the transaction, Jean Pierre Mustier, Chief Executive Officer of UniCredit, said: “the sale of Pioneer to Amundi is another tangible example of UniCredit’s new strategic approach announced in July 2016. Pioneer is a highly regarded asset manager, attracting a lot of interest from a range of quality buyers. We are particularly pleased with the outcome as Pioneer, its teams, its retail and institutional clients will now become part of arecognized world leading asset management firm. UniCredit’s customers will have access to an extended range of qualityproducts and services in the field of asset management."

About Pioneer

Pioneer Investments is a leading global asset manager with a presence in 28 countries and an experienced team of over 2,000 employees, including more than 350 investment professionals.  Pioneer Investments manages € 222 billion in assets available on UniCredit network and other intermediary and institutional clients. In Bulgaria Pioneer Investments is the largest asset manager on the market.

About Amundi

Publicly traded since November 2015, Amundi is the largest European Asset Manager. Headquartered in Paris, France, Amundi currently has six investment hubs all worldwide. Amundi has 100 millionretail clients, 1,000 institutional clients and 1,000 distributors in more than 30 countries.

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Additional media information:

Identity and Communications Department, UniCredit Bulbank

Victoria Blajeva, tel +359 (0) 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch

Beatris Nikolova, tel +359 (0) 2 9232 528, cfbusjt/ojlpmpwbAvojdsfejuhspvq/ch