UniCredit S.p.A. (“UniCredit”) has started the process to internalize its life bancassurance business in Italy through the termination of the current agreements with CNP Assurances S.A. (“CNP Assurances”) and Allianz S.p.A. (“Allianz”). This entails the exercise of the related rights to acquire CNP Assurances 51% stake in CNP UniCredit Vita S.p.A. (“CUV”) and Allianz’s 50% stake in UniCredit Allianz Vita S.p.A. (“UAV”). Upon closing, UniCredit will hold 100% in CUV and UAV.   Following long-standing partnerships with two of the most reputable global insurance groups such as CNP Assurances and Allianz, the internalization of life bancassurance factories in Italy will allow UniCredit to accelerate growth in a commission-focused sector with attractive profitability where UniCredit is already one of the leading players, extract business synergies and further strengthen the service level offered to customers.   The current set-up of the non-life bancassurance business will not be impacted and will continue to be operated through the joint ventures with Allianz at the terms communicated to the market in January 2022.   As part of the mentioned internalization process, the Board of Directors of UniCredit approved: (1) the termination of the shareholders’ agreement with CNP Assurances and the simultaneous exercise of the call option on the entire stake (51%) held by CNP Assurances in CUV and (2) the termination of the shareholders’ agreement with Allianz and the related acquisition of the entire stake (50%) held by Allianz in UAV.   The exercise of the call option on CUV is based on the terms of the shareholders’ agreement entered in 2017, as amended from time to time. Under this agreement, the purchase price will be determined through a specific procedure based on agreed methodologies.   The exercise of the termination right from the agreement with Allianz and related acquisition of the Allianz stake in UAV is based on the terms of the shareholders’ agreement originally entered in 1996, last renewed in 2022. Also under this agreement, the purchase price will be determined through a specific procedure based on agreed methodologies. The process, among other, foresees the engagement of an independent expert to certify the purchase price.   For both companies, which are planned to be eventually merged, operations will rely on the current setup including, for a transitional period, on the services provided by the current insurance partners, according to the shareholders’ agreements.   Closing of each of the transactions is subject to the standard authorizations by the competent authorities and is expected in 2025.   Upon closing, the two companies will report managerially to the recently created bancassurance division led by Alessandro Santoliquido who is responsible for overseeing the insurance business at Group level.   The transactions will be cash funded. The impact on the Group’s capital position will depend on the purchase prices that will be determined. Based on preliminary estimates, the overall impact on the Group’s CET1 ratio is expected to be approximately 20bps, as a result of UniCredit being acknowledged by ECB as a fully-fledged financial conglomerate subject to supplementary supervision and the application of the Danish Compromise.   Key figures In 2023 the two companies, UAV and CUV, collected roughly Euro 7.5bn of Gross Written Premiums, with total technical reserves of about Euro 44.9bn.   In Italy, the Life Bancassurance business generated circa €500m in distribution fees (12% of total Italy fees) in 2023, on top of the circa €85m of profits from the shareholdings in the two companies.     Milan, 25 September 2024   Contacts Media Relations e mail: mediarelations@unicredit.eu Investor Relations e mail: InvestorRelations@unicredit.eu

  Within the UniCredit S.p.A. (the “Company” or “UniCredit”) share buy-back programme communicated to the market on 16 September 2024 and initiated on the same date, as per the authorisation granted by the Shareholders’ Meeting of the Company held on 12 April 2024 (the “2024 SBB Anticipation”) – on the basis of the information received from Morgan Stanley & Co. International Plc as intermediary in charge of executing, in full independence (so-called “riskless principal” or “matched principal”), the 2024 SBB Anticipation – UniCredit informs, pursuant to art. 2, paragraph 3, of the Delegated Regulation (EU) 2016/1052, that it has carried out the transactions indicated below.   The chart below provides aggregate details of the daily purchases of UniCredit ordinary shares (ISIN IT0005239360), made from 16 September 2024 to 20 September 2024.   Summary of purchase transactions from 16 September 2024 to 20 September 2024 Date Type of transaction Aggregated volume Weighted average price (Euro) Trading venue 16 September 2024 Purchase 1,444,391 37.1579 MTA 17 September 2024 Purchase 1,388,796 37.4649 MTA 18 September 2024 Purchase 1,388,317 37.5413 MTA 19 September 2024 Purchase 1,437,895 37.5625 MTA 20 September 2024 Purchase 1,150,722 38.0028 MTA   Total 6,810,121 37.5269     The details of all the purchase transactions carried out in the period indicated above are available in Excel format at www.unicreditgroup.eu (“Press & Media” / “Press releases”).   As of 20 September 2024, since the launch of the 2024 SBB Anticipation, UniCredit purchased no. 6,810,121 shares, equal to 0.42% of the share capital for a total consideration of Euro 255,562,453.55 (equal to 15.03% of the total amount of the 2024 SBB Anticipation). As of the same date, following the cancellation of the treasury shares on 26 June 2024, UniCredit holds a total of 49,053,096 treasury shares equal to 3.00% of the share capital.  

  Consistent with its statement on 11 September 2024, UniCredit submitted the required regulatory filing for acquiring a stake in Commerzbank in excess of 10% up to 29.9%.   Meanwhile, UniCredit has today entered into financial instruments relating to ca. 11.5% Commerzbank shares,  Physical settlement under the new financial instruments may only occur after the required approvals have been obtained. Together with the position of ca. 9% communicated previously, UniCredit’s overall position now totals ca. 21%.    The majority of UniCredit’s economic exposure has been hedged to provide it with full flexibility and optionality to either retain its shareholding, sell its participation with a floored downside, or increase the stake further.  This will depend on the outcome of engagement with Commerzbank, its management and supervisory boards as well as its wider stakeholders in Germany.      UniCredit believes that there is substantial value that can be unlocked within Commerzbank, either stand-alone or within UniCredit, for the benefit of Germany and the bank’s wider stakeholders.  However, as was the case for UniCredit, such potential requires action for it to be crystalized.     In line with the recent EU Commission report, UniCredit shares the belief that a strong banking union within Europe is key to the continent’s economic success and through it, the prosperity of each one of its nations.  Ensuring growth and competitiveness within the German banking sector is critical for both the German economy and for Europe as a whole.   In every one of the 12 markets where we are present across Europe, UniCredit has proven itself to be a committed, supportive and respectful participant.  Specifically in Germany, we have been present for nearly 20 years, supporting our employees and serving our clients, faithfully delivering an all-round comprehensive product offering and performance.   Whilst this situation and what it could lead to requires careful consideration, the primary focus for UniCredit’s management team remains on the continued execution of UniCredit Unlocked and the delivery of sustainable profitable growth and distributions for shareholders.  Indeed, this is where UniCredit continues to believe it can extract the most value for all its stakeholders.   Milan, 23 September 2024   Contacts: Media Relations: e-mail: MediaRelations@unicredit.eu Investor Relations: e-mail: InvestorRelations@unicredit.eu

  UniCredit S.p.A. (the “Company” or “UniCredit”) announces, as per the authorisation granted by the Shareholders’ Meeting held on 12 April 2024, that it has defined the measures for the execution of the share buy-back programme related to the anticipation of the expected distributions for the 2024 financial year (the “2024 SBB Anticipation”) for an amount of Euro 1,700,000,000.   As disclosed on 13 September 2024, the 2024 SBB Anticipation has been authorised by the ECB.   UniCredit engaged Morgan Stanley & Co. International Plc as qualified third-party broker (the “Broker”), which will decide on the stock purchases in full independence, also in relation to the timing of the transactions and in compliance with the daily price and volume limits and the terms of the programme (so-called “riskless principal” or “matched principal”).   The 2024 SBB Anticipation has the following features:   ·       purposes and procedures according to which the purchases may be made: implemented for the purposes set forth in Article 5, paragraph 2, letter a), of Regulation (EU) 596/2014 (the “MAR”) and the individual purchases shall be made in compliance with Article 132 of the Italian Consolidated Financial Act, Article 144-bis of CONSOB Regulation no. 11971/99, as well as in compliance with Article 5 of the MAR and Delegated Regulation (EU) 2016/1052; ·       maximum amount in cash allocated and maximum number of shares to be purchased: the purchases will be made, also partially and in one or more transactions, for a total expenditure up to Euro 1,700,000,000.00 and, in any case, not exceeding no. 112,897,854 UniCredit shares (the latter equal to approximately 7% of UniCredit share capital at the date of this press release); ·       duration: the purchases will start on 16 September 2024 and, pursuant to the mandate granted to the Broker, it is envisaged that the purchases may be completed indicatively by November 2024; ·       minimum and maximum price: the purchases must be made in accordance with the limits set out by Delegated Regulation (EU) 2016/1052, it being understood that the purchase price cannot diverge downwards or upwards by more than 10% from the official price that will be registered by the UniCredit share in the trading session of Euronext Milan, organised and managed by Borsa Italiana S.p.A., on the day prior to the execution of each individual purchase transaction; ·       exchange: the purchases will be made on Euronext Milan, organised and managed by Borsa Italiana S.p.A..   The transactions completed will be disclosed to the market in accordance with the terms and conditions set out in the laws and regulations in force.   Any subsequent changes to the 2024 SBB Anticipation will be promptly disclosed to the public in the manners and terms provided for by the laws and regulations in force.   The UniCredit shares that will be acquired as part of the 2024 SBB Anticipation will be cancelled in execution of the resolution of the abovementioned Shareholders’ Meeting.   For further details, please refer to the Directors Report to the Shareholders’ Meeting of 12 April 2024, available on the institutional website of UniCredit (www.unicreditgroup.eu) and on the eMarket STORAGE (www.emarketstorage.it/en).     Milan, 16 September 2024   Contacts: Media Relations e-mail: MediaRelations@unicredit.eu Investor Relations e-mail: InvestorRelations@unicredit.eu

  UniCredit S.p.A ("UniCredit", "The Company") informs it has received ECB authorization for the execution of the first tranche of the 2024 share buy-back programme for a maximum of Euro 1.7 billion.   The approval was based on financial information provided by UniCredit that demonstrated a robust position in stress scenarios. UniCredit's CET1 ratio of 16.2% as of 30 June 2024 already reflects this distribution.   Together with the proposed 2024 interim dividend and the 2023 distributions already executed this year, 2024 calendar year distribution shall reach circa Euro 10 billion, or a total yield of over 16% solely through capital generation and hence without denting CET1. This confirms UniCredit's ability to provide shareholders with attractive and sustainable distributions while maintaining capital strength.   The share buy-back – for which all relevant approvals have been received - is expected to commence as soon as possible, subject to market conditions.   Milan, 13 September 2024     Contacts Media Relations: e-mail MediaRelations@unicredit.eu Investor Relations: e-mail InvestorRelations@unicredit.eu