On May 5, 2021, following the favourable opinion of the Corporate Governance & Nomination Committee, the board of directors carried out, in compliance with the applicable provisions, the assessment of the requirements of the members of the Board of Directors and the substitute Statutory Auditor, appointed by the Shareholders’ Meeting on April 15, 2021.   With reference to the independence requirements, the board of directors assessed and confirmed that the corporate officers possess the requirements declared on occasion of their appointment on the basis of the statements they made and of the information available to UniCredit. Specifically:   - Directors Lamberto Andreotti, Vincenzo Cariello, Elena Carletti, Jayne-Anne Gadhia, Jeffrey Alan Hedberg, Beatriz Ángela Lara Bartolomé, Luca Molinari, Maria Pierdicchi, Francesca Tondi and Alexander Wolfgring are independent pursuant to the Legislative Decree no. 58/1998 (“Italian Consolidated Law on Finance”), the Decree issued by the Ministry of Economics and Finance no. 169/2020 (“Decree”) and the Italian Corporate Governance Code; - Chairman Pietro Carlo Padoan is independent pursuant to the Italian Consolidated Law on Finance and the Italian Corporate Governance Code; - Director Renate Wagner is independent pursuant to the Italian Consolidated Law on Finance and the Decree; - the substitute Statutory Auditor Ciro Di Carluccio is independent pursuant to the Italian Consolidated Law on Finance, the Decree and the Italian Corporate Governance code.   With specific reference to the independence requirements laid down by the Italian Corporate Governance Code, information was taken into account relating to the existence of direct or indirect relationships (credit relationships, business/professional relationships and employee relationships, as well as significant offices held) that the corporate officers and their other connected subjects may have with UniCredit and Group Companies.   In order to assess the potential significance of these relationships, the board of directors decided not to solely set pre-defined economic targets, which – if exceeded – could "automatically" indicate that independence was compromised. To guarantee an assessment of both objective and subjective aspects, the following criteria were taken into account: (i) the nature and characteristics of the relationship; (ii) the total amount in absolute and relative terms of the transactions; and (iii) the subjective profile of the relationship.   More specifically, for the purposes of assessing the significance of such relationship, the following information, where available, is considered by the board:   credit relations: the amount in absolute value of the credit granted, its weighting in relation to the system and, where appropriate, the economic and financial situation of the borrower; professional/commercial relations: the characteristics of the transaction/relationship, the amount of the consideration and, where appropriate, the economic and financial situation of the counterparty; and offices held in Group companies: the total amount of any additional remunerations.   Following the above assessment, no relationships emerged affecting the independence of Directors and of the substitute Statutory Auditor.   Milan, May 5, 2021     Enquiries   Media Relations e mail: mediarelations@unicredit.eu   Investor Relations e mail: InvestorRelations@unicredit.eu  

The two banks are funding investments that will allow the company to build an innovative plant in Brescia based on advanced environmental standards         UniCredit and DZ Bank have granted Duferco, supported by the German Export Credit Agency (ECA) Euler Hermes by means of a buyer's credit, a loan of €72 million for the construction of a new production plant, based on advanced environmental standards, that will enable the company to carry out cutting-edge production processes at the Brescia site with the emphasis on sustainability and benefitting from positive environmental impacts.   The loan has been granted to Duferco Travi e Profilati, the Italian company of the Group among the European leaders in the production of beams and long laminates,  to support the purchase and installation of an innovative production line, built by German manufacturer SMS group GmbH, that will make it possible to expand and innovate the production capacity of the San Zeno Naviglio site, in the province of Brescia. The project will allow the company to produce so-called ‘long’ products with a vertically integrated cycle, a sector in which Duferco boasts a market share of around 40% in Italy.   The new plant, which will increase production capacity by 650,000 tonnes, will be built according to the most advanced environmental standards in terms of both energy, with the prevalent use of energy from renewable sources (and the possibility of a hydrogen power supply), and the materials used, which will include 97% ferrous waste. It will also bring direct and indirect employment opportunities to the area.   The loan has been taken out for 11 years, with UniCredit and DZ Bank serving as Mandated Lead Arrangers and Bookrunners. UniCredit also acts as ECA Agent and Facility Agent.   “This is a forward-looking project”, explains Augusto Gozzi, CEO at Duferco Travi e Profilati, “in that it represents an important investment that confirms our group's projection towards an innovative and sustainable development model. Integrated with the San Zeno Naviglio steel plant, the new SBM (SanZeno Beam Mill) will be entirely powered by renewable sources and will equip Duferco Travi e Profilati with an extremely efficient system in the heart of the Italian and European consumer market, allowing for the verticalisation of steel production. The overall investment, which amounts to some €180 million, will also create new direct employment for around 150 people and countless opportunities for other activities in the area”.   “We are particularly pleased to have completed this transaction in Duferco’s favour for a number of reasons”, explains Alfredo De Falco, Head of CIB Italy at UniCredit. “We are, in fact, supporting an investment that will create new jobs, place the greatest emphasis on sustainable production processes and increase the competitiveness in European markets of an Italian company that has shaped the history of the steel sector and is growing thanks to innovation. Our European dimension has allowed us to complete a cross-border transaction that also involves a leading German supplier and client, demonstrating our ability to offer concrete and effective solutions to meet businesses’ needs”.     With 900,000 tonnes of steel produced every year at the 9 plants located in Italy, France and Denmark, the steel division of DUFERCO is the European leader in the production of beams and long rolled products. The new plant is expected to go into production by the end of 2022.       Enquiries   UniCredit Media Relations: e-mail: MediaRelations@unicredit.eu Twitter: @UniCredit_PRcom

This is to inform you that the new Articles of Association, modified by the Extraordinary Shreholders' Meeting of 15 April 2021, has been published and is available on the Company’s website www.unicreditgroup.eu and on the website of the authorized storage mechanism “eMarket STORAGE” managed by Spafid Connect S.p.A (www.emarketstorage.com) and it is available to shareholders at the Company’s Registered Office in Milan.   Link UniCredit SpA: https://www.unicreditgroup.eu/articles-association                      Enquiries:   Investor Relations e mail: investorrelations@unicredit.eu   Media Relations e mail: mediarelations@unicredit.eu   

An Italian-led project to study the impact of the coronavirus on children     The project CORONA: children and COVID-19 has kicked off. Supported by the UniCredit Foundation and led by the Penta Foundation of Padua and the One Health Center of the University of Florida, the study aims to provide the national and international scientific community with new data on the impact of the pandemic on children – from a Circular Health perspective.   Over a year since the outbreak of the SARS-CoV-2 pandemic, there is still no clear picture of children's risk in developing symptoms, their role in transmitting the virus to adults and the long-term effects of the restrictive measures on children.   The CORONA project aims to contribute to the global scientific effort by collecting epidemiological and clinical data on children. Data collected will be used to check how often children contract the virus, as well as the way in which the disease manifests itself, develops and interacts with other diseases that may already be in progress.   The researchers also aim to identify the factors that predispose children to develop COVID-19, and how likely they are to develop it in a severe form. These data will help health authorities to plan future vaccination campaigns and, when a cure for children under 16 becomes available, to enable targeted and effective interventions.   One year after the first lockdown in Europe, the study looks to describe the psychological effects of the restrictive measures and the social distancing put in place to limit the spread of the virus on children and adolescents.   "Thanks to this project, it will be possible to study the impact of COVID-19 on children, both as a direct effect of the virus but also for the effects on the psyche and on social life. We cannot continue to think in watertight compartments, but we must understand the ramifications of the pandemic event in their complexity ". Ilaria Capua, Director of One Health Center.   In short, this is a study that promises to shed light on the impact of the coronavirus on the psycho-physical well-being of children.   The project will draw from the thirty-year scientific expertise of Penta – an international network for medical research in the paediatric field, chaired by Prof. Carlo Giaquinto; and the One Health Centre – the interdisciplinary research center, directed by Prof. Ilaria Capua.   "We are proud to be working with Ilaria Capua and her center of excellence in the United States and even more grateful to the UniCredit Foundation for believing in the value of this extraordinary collaboration, which will help us put children at the center of clinical research on COVID-19. As a scientific community, we have a duty to protect and support minors in this pandemic”. Carlo Giaquinto, President of the Penta Foundation.   "It is an honor for us to support the Penta Foundation of Padua and the One Health Center of the University of Florida in this important study on the pandemic impact on children. This is testament of our continued commitment to support children through the solidarity activities of UniCredit Foundation. In this last year, they have been particularly affected by COVID-19, especially as a result of the restrictions that have limited their possibility to interact, socialise and learn". Maurizio Beretta, Chairman of the UniCredit Foundation.   The Penta Foundation will mobilize its infectious disease experts in three different European countries – that is researchers working in the United Kingdom at University College London, in Madrid at the Research Institute of the 12 de Octubre Hospital, and the Department of Women's and Child Health at the Hospital of Padua.