Board of Statutory Auditors

The Ordinary Shareholders’ Meeting appoints 5 standing Statutory Auditors, from whom it also elects the Chairman and two substitute Auditors. The standing and substitute Auditors may be re-elected.

The Chairman of the Board of Statutory Auditors is appointed by the Shareholders’ Meeting from among the standing Auditors elected by the minority shareholders.

The UniCredit Ordinary Shareholders’ Meeting on April 22, 2010 appointed the following members (standing and substitute) of the Board of Statutory Auditors, whose term in office expires with the approval of 2012 Financial Statements.