The measurement & evaluation system has been developed with the think tank Human Foundation, to drive greater outcomes of social impact finance projects     In line with the mission of UniCredit’s Social Impact Banking (SIB) initiative, to concretely contribute to building a fairer and more inclusive society, SIB has developed a new measurement & evaluation (M&E) system together with the think tank Human Foundation, focused on advancing social impact finance measurement standards and maximising the related direct and indirect social outcomes.   The dedicated M&E system allows UniCredit SIB to consistently monitor and evaluate its social impact finance activities across all 11 Group markets where SIB is active: Austria, Bosnia & Herzegovina, Bulgaria, Croatia, Czech Republic, Germany, Hungary, Italy, Romania, Serbia and Slovakia.   The aim is to track performance and the impact generated by comparing expected and achieved results on a continued basis through a tailored framework that also accounts for the characteristics of the different beneficiaries of specific projects. The Human Foundation think tank was chosen as a partner for the development of the M&E system thanks to their work in promoting innovative solutions to societal issues.   Laura Penna, Head of Group Social Impact Banking at UniCredit, commented: “At UniCredit, ESG is part of our DNA and this includes a strong social commitment in all our markets. Our Social Impact Banking programme helps us drive tangible positive social change in our communities and in order to ensure we are always growing our impact and making a real difference, we need to be able to track and measure social impact finance outcomes in a concrete and uniform way. This new measurement & evaluation system has been designed to help us do this effectively as well as make an important contribution for increased transparency and common standards in the wider social impact finance sector.”   The purpose of social impact finance is to create tangible positive social benefits through the financing of projects and initiatives that have the potential to deliver such outcomes. The sector has significantly grown worldwide in recent years [1] and we expect this trend to accelerate driven by the effects of the Covid-19 crisis.   This context increases the need for clear and common measurement methods to ensure the credibility of impact finance activities and avoid the risk of “impact washing”[2]. It is also important for the beneficiaries of impact finance programmes to guarantee a level playing field, agreement on specific KPIs for each project and increase transparency in the selection process.   UniCredit’s social impact finance offer is aimed at supporting social innovation as a driver of change through loans at advantageous conditions as well as providing financial training and access to relevant partnerships and networks. A “pay for success” mechanism is integral to the offer to allow for additional economic benefits to the project / initiative based on the successful achievement of agreed social impact goals. In addition, UniCredit’s Social Impact Banking programme is also committed to inclusive finance, supporting entrepreneurs and small businesses through microcredit and to financial education to encourage greater financial knowledge and social inclusion that can empower active citizenship.   UniCredit’s Social Impact Banking has also recently been recognised by the European Venture Philanthropy Association (EVPA) with their Data Transparency Label 2021 for the continued commitment to data transparency regarding social impact finance.   To find more information on the M&E system please refer to the SIB Position Paper here.   For more information on UniCredit Social Impact Banking, please see here.   Milan, 13 May 2021     Notes:   [1] Total impact investing market value was estimated at USD 502 billion as of end of 2018 (GIIN, 2019). [2] “Impact washing” refers to the process of any bank, firm or fund using the social / environmental impact narrative for reputational and market purposes, but not contributing to the achievement of any tangible positive impact (IDS, 2019).     Enquiries: mediarelations@unicredit.eu

The Rating Agency Moody's affirmed UniCredit SpA’s long-term deposit and senior debt ratings at 'Baa1'. The outlook remains stable.   The BCA/ stand-alone rating was affirmed at ‘baa3’.   For further details please see Moody’s corresponding press release on the rating agency website www.moodys.com.     Milan, 12 May 2021       Enquiries:     Media Relations: e-mail: MediaRelations@unicredit.eu   Investor Relations: e-mail: InvestorRelations@unicredit.eu  

UniCredit Group today announces a new organisational structure and a new management team to drive the business effectively and deliver its new strategic plan during H2 2021.   This new structure creates a simplified organisation that will enable greater accountability across all businesses and areas.  It ensures our clients remain at the heart of everything that we do, further integrates technology and digitalisation as a key driver of our future success and provides clarity on key roles and responsibilities. In summary, with today’s announcement UniCredit:   Creates a new Group Executive Committee (‘GEC’) of fifteen people to replace the former Executive Management Committee of twenty-seven, increasing ownership and accountability. Removes a layer of management, minimising co-Heads of businesses and functions and creates a more cohesive partnership Empowers country CEOs to better manage their geographies in delivering best practice and synergies across all business lines. Italy, Germany, Central Europe and Eastern Europe will now form the key geographic reporting lines for the Group. Positions Italy as a standalone geography, reflecting the critical importance of this country to our Group, honouring the roots, essence and spirit that underscore the origins of UniCredit. Puts in place a transversal matrix, positioning Corporate and Investment Banking across all geographies to offer our clients a seamless suite of products and services that serve different local demands. Creates a new Digital division that will elevate technology, digitalisation and data to the new GEC, ensuring it will be embedded in every strategic deliverable underscoring the critical importance of this area to the future of the business. Launches a widespread simplification exercise across the organisation, starting with the SpA, reducing existing committees from 44 to a maximum of 15-20. Creates a new People & Culture division to expand the remit of the former Human Capital function, reflecting the importance of our people as carriers of our new culture and ensuring that the Group can attract, hire and retain best-in-class talent for the long-term benefit of UniCredit and its clients. Creates a CEO office to include Strategy & Optimisation, and the newly created function of Stakeholder Engagement. Both functions will be part of the GEC.   Andrea Orcel, CEO of UniCredit, commented:   “When I began as CEO of UniCredit, I promised that one of my first priorities would be to reduce complexity and simplify UniCredit’s structure. Today, you can see the first steps in delivering on that promise: streamlining our business, clarifying key roles, and improving accountability so that we can better deliver for all our stakeholders. I also said that we would increase the pace of digitalisation so that technology and data is firmly embedded in every decision we take, and we are today announcing a new Digital division to further integrate it as a core part of our DNA. As a business it is important that we recognise our origins and the cultural roots that have shaped us, which is why we are positioning Italy as a standalone geography, alongside Germany, Central Europe and Eastern Europe. I am keenly aware that our people will be the driving force of UniCredit’s success, and today we are also announcing an expanded People & Culture function that will ensure that we attract, hire, and retain the best people to transform the Bank. This is the first step in an ambitious programme to unlock UniCredit’s full potential. It will allow us to transition from a period of retrenchment to one designed to achieve sustainable and profitable growth   Group Executive Committee (“GEC”)   ·         Group Chief Executive Officer - Andrea Orcel ·         Head of Italy – Niccolo Ubertalli ·         Head of Germany – Michael Diederich ·         Head of Central Europe – Gianfranco Bisagni ·         Head of Eastern Europe – Teodora Petkova ·         Head of Corporate & Investment Banking – Richard Burton ·         Chief Financial Officer – Stefano Porro ·         Group People & Culture Officer – Annie Coleman ·         Group Digital & Information Officer – Jingle Pang (ad interim Daniele Tonella) ·         Group Operating Officer – Ranieri de Marchis ·         Head of Group Strategy & Optimisation – Fiona Melrose ·         Head of Group Stakeholder Engagement – Joanna Carss ·         Group Risk Officer – TJ Lim ·         Group Compliance – Serenella De Candia ·         Group Legal Officer – Gianpaolo Alessandro     Today’s internal announcement can be found here: www.unicreditgroup.eu/content/unicreditgroup-eu/en/one-unicredit/our-people/2021/may/a-new-organisational-structure-.html   Milan, 12 May 2021      

  UniCredit S.p.A. (the “Company” or “UniCredit”) announces, in execution of the authorisation granted by the Shareholders’ Meeting of the Company held on 15 April 2021, that it has defined and approved the measures for the execution of the share buy-back programme for a maximum amount of Euro 178,688,534.90 and for a number of UniCredit ordinary shares not exceeding 30,000,000 (the “First Buy-Back Programme 2021”). As already disclosed to the market on 15 April 2021, the First Buy-Back Programme 2021 has been already authorised by the ECB on 12 April 2021.   The First Buy-Back Programme 2021 is aimed at the FY2020 ordinary shareholders remuneration, in accordance with the policy approved by the Board of Directors on 10 February 2021 and coherently with the ECB recommendation issued in December 2020 (the "ECB Recommendation"). In February 2021, the Board of Directors, applying the measures provided in the ECB Recommendation, resolved to allocate to shareholders’ remuneration 15% of the consolidated net profits accumulated in FY2019 and FY2020, adjusted to include the prescriptions of the ECB Recommendation.   For the purpose of executing the First Buy-Back Programme 2021, UniCredit today engaged Citigroup Global Markets Limited 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 First Buy-Back Programme 2021 has the following features:   purposes and procedures according to which the purchases may be made: the First Buy-Back Programme 2021 will be 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, paragraph 1, letter b), 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 to the First Buy-Back Programme 2021 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 178,688,534.90 and, in any case, not exceeding no. 30,000,000 ordinary UniCredit shares (the latter equal to approximately 1.34% of UniCredit's share capital at the date of this press release); duration of the First Buy-Back Programme 2021: the purchases will start in the current week and pursuant to the mandate granted to the Broker, it is envisaged that the purchases may be completed indicatively by the end of July 2021; 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 the Mercato Telematico Azionario, 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 the Mercato Telematico Azionario, 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 First Buy-Back Programme 2021 will be promptly disclosed to the public in the manners and terms provided for by the laws and regulations in force.   Finally, it should be noted that as of the date of this press release UniCredit holds no. 4,760 treasury shares in the portfolio, equal to 0.00021% of the share capital of UniCredit at the same date.   The ordinary UniCredit shares that will be acquired as part of the First Buy-Back Programme 2021 will be cancelled in execution of the resolution of the abovementioned extraordinary Shareholders’ Meeting.   For further details, please refer to the authorisation resolution approved by the Shareholders’ Meeting and the related report by the Board of Directors, available in the “Governance” section of the Company’s website (www.unicreditgroup.eu) and on the eMarket STORAGE (www.emarketstorage.com).       Milan, 11 May 2021     Enquiries   Media Relations e mail: mediarelations@unicredit.eu   Investor Relations e mail: InvestorRelations@unicredit.eu