The Bank strengthens its ability to support the real economy with new permanent capital

The Bank will not use the accessible for the financial sector and already used by other financial institutions possibilities for state support from the Italian and the Austrian government.

The Management Committee of UniCredit approved unanimously a proposal for increase of the Group’s capital with EUR 4 billion with the issue of new common shares. Thus the Group’s capital base will additionally increase with 80 basis points. As of end June 2009 the Core Tier 1 stood at 6.85%.

In connection with the implementation of the decision an extraordinary general shareholders’ meeting will be convened in mid November 2009. After obtaining all required approvals from the authorities the increase is expected to be completed in the first quarter of 2010.

Lead managers of the issue will be Merrill Lynch and UniCredit Corporate & Investment Banking. Managers of the issue are Credit Suisse, Goldman Sachs International, Mediobanca and UBS Investment Bank.

Apart from the decision on capital increase the Management Board resolved not to use government support possibilities made available by Italy and Austria to interested banks. Although the government support, which many financial institutions have already used, will not be needed, the Management Board highly appreciated the activities of the two governments for stabilization of the financial sector.

UniCredit confirms that the aim of the capital increase is to support the countries in which it is active and to develop lending to small and medium-sized enterprises, individual clients and households.

With the decision to increase its capital, UniCredit reestablishes its role of a leading bank in Europe and among the first institutions to fulfill the requirements of G20 (the 19-th biggest world economies plus the EU), the local and the international financial regulators.

The official press release of Unicredit Group is accessible at www.unicreditgroup.eu

About UniCredit Group:

UniCredit Group is a leading international banking group with strong presence in 22 European countries as well as representative offices on 27 other markets, with more than 40 mio clients and more than 10,200 branches and approximately 174 thousand employees.

In the region of Central and Eastern Europe UniCredit has the biggest international network with over 4 thousand branches and offices where around 78 thousand employees service more than 28 mio clients.

In Bulgaria UniCredit Group is represented by the biggest bank in terms of assets UniCredit Bulbank (with around 260 branches and 4000 employees), UniCredit Leasing, UniCredit Factoring, UniCredit Consumer Financing and Pioneer Investments.

Contacts:

UniCredit Bulbank, Public Relations and Corporate Communications

Victoria Blajeva, tel: 02/9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch

Ekaterina Ancheva, tel: 02/9264 963, flbufsjob/bodifwbAvojdsfejuhspvq/ch