The rating agency Moody’s has affirmed UniCredit SpA’s Senior Preferred (unsecured) debt and long-term deposit ratings at Baa1, with a stable outlook.   At the same time, the rating agency stated that, in the event of UniCredit acquiring Commerzbank, it will consider the potential for UniCredit’s stand-alone rating (Baseline Credit Assessment) currently at baa3 to be upgraded to baa2, one notch above Italy’s sovereign rating. This would lead to higher ratings on senior non-preferred and junior debt as well.   For further details please refer to the corresponding press release on the website of the rating agency: www.moodys.com     Milan, 2 October 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 23 September 2024 to 27 September 2024.   Summary of purchase transactions from 23 September 2024 to 27 September 2024 Date Type of transaction Aggregated volume Weighted average price (Euro) Trading venue 23 September 2024 Purchase 1,830,264 37.2068 MTA 24 September 2024 Purchase 1,664,793 37.2140 MTA 25 September 2024 Purchase 752,961 37.7006 MTA 26 September 2024 Purchase 26,980 38.5174 MTA 27 September 2024 Purchase 428,575 39.4120 MTA   Total 4,703,573 37.4968     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 27 September 2024, since the launch of the 2024 SBB Anticipation, UniCredit purchased no. 11,513,694 shares, equal to 0.70% of the share capital for a total consideration of Euro 431,931,605.68 (equal to 25.41% 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 53,756,669 treasury shares equal to 3.28% of the share capital.  

  Here below the updated UniCredit's financial calendar for 2025.  

  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.