UniCredit has received ECB authorization to acquire a direct stake in Alpha Bank S.A. (“Alpha Bank”) of up to 29.9%. This approval underscores once more UniCredit's financial strength and regulatory compliance.   Approval by the National Competent Authorities of the indirect qualifying holding of UniCredit in the regulated entities of the Alpha Bank Group is pending (“Remaining Regulatory Approvals”).   In line with the requested authorization by the ECB, UniCredit has entered into additional financial instruments, increasing its aggregate position in Alpha Bank to c.29.5%.   The increase in exposure has been performed at a discount to prevailing market prices and combined with the execution of a hedge to protect part of the combined stake from downside at favorable financial conditions, hence only marginally affecting the return of the investment. The capital impact in case of the potential full conversion of the financial instruments to reach a direct stake of c.29.5% remains at around -80 bps of CET1 ratio as previously communicated.       After receiving all the remaining regulatory approvals, 9.8% of the stake currently held by UniCredit will be equity consolidated bringing an equivalent amount of Alpha Bank net profit to both UniCredit revenue and net profit lines. The related capital absorption of the 9.8% stake that is equity consolidated is not significant.   The decision as to whether and when to convert and consolidate the remaining Alpha Bank stake held via derivative financial instruments will be made in the future assessing the trade-off between return and profit contribution on one side and capital impact and distributions on the other. A similar approach applies to the additional 3% stake in Commerzbank held through derivative financial instruments. UniCredit will continue to be guided in its actions by the best interest of its shareholders.   UniCredit believes in the positive prospects of the Greek economy and banking sector. The successful partnership with Alpha Bank allows the two groups to capitalize on their respective strengths and further increase their collaboration into payments, specialized financing services, advisory, capital markets, asset management and insurance products, allowing Greek clients to have access to best in class and innovative products and UniCredit to leverage its product factories while accounting for a significant share of Alpha Bank net profits going forward.    Milan, 30 October 2025     Contacts:  Media Relations e-mail: MediaRelations@unicredit.eu Investor Relations  e-mail: InvestorRelations@unicredit.eu

  Milan, 27 October 2025 – Within the UniCredit S.p.A. (the “Company” or “UniCredit”) share buy-back programme communicated to the market on 23 October 2025 and initiated on the same date, as per the authorisation granted by the Shareholders’ Meeting of the Company held on 27 March 2025 (the “Second Tranche of the SBB 2024 Residual ”) – on the basis of the information received from JP Morgan SE as intermediary in charge of executing, in full independence (so-called “riskless principal” or “matched principal”), the Second Tranche of the SBB 2024 Residual – 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 October 2025 to 24 October 2025.  

  Milan, 23 October 2025 - UniCredit S.p.A. (the “Company” or “UniCredit”) announces, as per the authorisation granted by the Shareholders’ Meeting held on 27 March 2025, that it has defined the measures for the execution of the second and last tranche of the share buy-back program to be paid out for the financial year 2024 for a maximum amount of Euro 1,774,462,057.30 and for a number of UniCredit shares not exceeding 82,494,835 (the “Second Tranche of the SBB 2024 Residual”).   For the purpose of executing the Second Tranche of the SBB 2024 Residual, UniCredit engaged J.P. Morgan SE 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 Second Tranche of the SBB 2024 Residual has the following features:   purposes and procedures according to which the purchases may be made: the Second Tranche of the SBB 2024 Residual 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 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 Second Tranche of the SBB 2024 Residual 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 1,774,462,057.30 and, in any case, not exceeding no. 82,494,835 UniCredit shares (the latter equal to approximately 5% of UniCredit share capital at the date of this press release); duration of the Second Tranche of the SBB 2024 Residual: the purchases will start on 23 October 2025 and, pursuant to the mandate granted to the Broker, it is envisaged that the purchases may be completed indicatively by February 2026; 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 Second Tranche of the SBB 2024 Residual 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 Second Tranche of the SBB 2024 Residual 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 27 March 2025, available on the Company’s website (www.unicreditgroup.eu/agm27march2025) and on the website of the authorized storage mechanism "eMarket STORAGE" managed by Teleborsa S.r.l. (www.emarketstorage.it/en).     Contacts: Media Relations e-mail: MediaRelations@unicredit.eu Investor Relations e-mail: InvestorRelations@unicredit.eu  

  On 21 October 2025 the Board of Directors of UniCredit S.p.A., having fulfilled the requirements set forth in Article 2433-bis of the Italian Civil Code, and on the basis of Company's balance sheet as at 30 June 2025, approved a resolution to distribute an interim dividend to shareholders on the 2025 results, for a total amount of 2,171,674,000 euro, equal to a "per share" amount for each of N° 1,520,494,371 outstanding and having the right shares at 20 October 2025 and, therefore, also deducting the N° 27,505,165 of the treasury shares in portfolio at the same date, of 1.4282 euro (DPS), gross of any withholding tax established by law.    The interim dividend will be paid, in accordance with the applicable laws and regulations, on 26 November 2025, with the "ex-dividend date" on 24 November 2025 (coupon N° 11), through the intermediaries participating in the settlement service (Monte Titoli). The shareholders entitled to receive the interim dividend will be those with evidenced ownership at the end of the day 25 November 2025 (record date).   Subject to what is stated above, own shares purchased by the Bank after the 20 October 2025 and held in the treasury shares portfolio at the record date, are not entitled to receive the interim dividend, which will be allocated to the Statutory Reserve.   The Directors' report and the Company report of UniCredit S.p.A. as at 30 June 2025, to which refer for further information, are available to the public on the Company's website www.unicreditgroup.eu/en/investors/equity-investors/dividends.html and on the website of the authorized storage mechanism "eMarket STORAGE" managed by Teleborsa S.r.l. (www.emarketstorage.it/en).   These documents, together with the opinion of the Independent Auditors, are also available, for shareholders' consultation, at the Company's registered Office in Milan till the approval of the current annual financial statements.   Milan, 22 October 2025       Contacts: Media Relations e-mail: MediaRelations@unicredit.eu Investor Relations e-mail: InvestorRelations@unicredit.eu  

  19 QUARTERS OF CONSISTENT PROFITABLE GROWTH DELIVERING A RECORD THIRD QUARTER AND OUR BEST 9M EVER   STRONG, DIVERSIFIED DELIVERY ACROSS ALL KPIs AND CAPITAL DISCIPLINE, LEADING TO GREATER SHAREHOLDER RETURNS     Record results with 3Q25 net profit at €2.6 billion and 9M25 net profit at €8.7 billion, up 13% nine months on nine months, further reinforcing our unique equity story and future prospects   Accelerating the execution of our winning strategy with RoTE improved1 to 19.1% in 3Q25 and 21.7% in 9M25, with all regions and business lines contributing to profitability   Net revenue up 1.2% year on year to €6.1 billion in 3Q25, beating all our KPIs   Costs down 0.1% in 3Q25 versus last year, up 0.4% in 9M25 absorbing the increase of perimeter2 reflecting continued operational efficiency whilst investing and innovating for the future   Cost of risk remains low at 10 basis points at 9M25, default rate is stable and overlays maintained at c. €1.7 billion3   CET1 ratio at 14.8%, thanks to strong organic capital generation of €2.6 billion and other levers offsetting regulatory headwinds   FY25 net profit guidance at c. €10.5 billion, excluding potential management actions to benefit FY26-27 and beyond   FY25 total distribution equal to or above €9.5 billion4, of which at least €4.75 billion cash dividend. Interim 2025 cash dividend of €2.2 billion5, or €1.4282 dividend per share to be paid on 26th November. €1.8 billion residual 2024 share buyback to start by end of October     Andrea Orcel, Chief Executive Officer of UniCredit S.p.A. said:   “UniCredit delivered yet another set of record results, with net revenues up 1.2% and costs down 0.1% versus last year while absorbing our extended perimeter. Net profit is up to €2.6 billion delivering a ROTE of 19.1% and our CET1 ratio stood at 14.8% thanks to strong organic capital generation. We are confirming our 2025 net profit guidance of around €10.5 billion pre any management actions to further propel our future results, and we are on track to deliver our best year ever. By accelerating our strategy and deploying excess capital to create value, we have bolstered our best-in-class earnings and shareholder distribution trajectory. These results reflect disciplined execution, and I am confident that we will continue to build sustainable value for all stakeholders.”     FINANCIAL REVIEW   On 21 October 2025, the Board of Directors of UniCredit S.p.A. (“UniCredit” or “the Group”) approved the consolidated Group’s results for the third quarter and first nine months of 2025. UniCredit delivered another excellent quarter, extending its multi-year track record of quality profitable growth.   Net profit was €2.6 billion in 3Q25, up by 4.7% year on year, bringing 9M25 total net profit to €8.7 billion, up 12.9% nine months on nine months. This result underscores the strength and resilience of UniCredit’s diversified business model.   Return on Tangible Equity (“RoTE”) stood at 19.1% for the quarter and 21.7% for the nine months, supported by operational and capital excellence, and robust P&L buffers. Net revenues were €6.1 billion in 3Q25, up 1.2% versus prior year, comprising net interest income (“NII”) at €3.4 billion, fees and net insurance result at €2.1 billion and loan loss provisions (“LLPs”) of €0.1 billion.   We are advancing in the execution of our transformation, also via targeted acceleration on priority geographies, clients and products while further enhancing operational and capital excellence. We have confidence in 2026 and 2027, despite macro headwinds, as we not only have strong underlying growth, but we will also boost net profit through the internalization of life insurance in Italy and the equity consolidation of Commerzbank and Alpha Bank6.   Net interest income fell 2.7% quarter on quarter to €3.4 billion, a resilient outcome in a lower interest rate quarter, largely thanks to a disciplined management of our deposits pass-through, closing the quarter at an average of c. 30 per cent. NII was down 5.4% year on year. The Group’s prioritisation of quality and profitable clients and segments resulted in a net NII7 of €3.3 billion in 3Q25.   Fees & net insurance result in 3Q25 were up 0.3% quarter on quarter, and up 7.6% year on year, in part driven by strong investment fees.   Operational costs were €2.3 billion in the quarter, a decrease of 0.1% year on year, a notable result considering the broader perimeter2 of the Group. Thanks to proactive actions taken in recent years, we have optimized our operating model without affecting revenue growth. Our cost-income-ratio (“C/I”) remains the lowest among our peers at 37%, despite continued investments.   Cost of Risk (“CoR”) remained structurally low at 10 basis point, with €113 million of loan loss provision in the quarter. The Group has a good quality credit portfolio with sound coverage levels and strong lines of defence with c. €1.7 billion of overlays3 on the performing portfolio.   The Group organically generated 89 basis points of capital in 3Q25, amounting to €2.6 billion, supporting accrued shareholder distribution of €2.7 billion in the quarter. After absorbing 117 basis points from the equity consolidation of a 26% stake in Commerzbank, the CET1 ratio stood at 14.8%, well above the 12.5% - 13% CET1 ratio management target range. RWAs stood at €291.5 billion in 3Q25, up 1.3% Q/Q and up 4.9% Y/Y.   OUTLOOK AND GUIDANCE   These results reflect UniCredit’s successful transformation and strategic focus on clients, operational excellence, and capital efficiency. The Group continues to unlock opportunities from recent strategic initiatives, which are expected to further strengthen recurring earnings and capital generation in FY26 and FY27. Based on year-to-date delivery, the Group confirms FY25 net profit guidance of c. €10.5 billion, excluding management actions to benefit FY26 and 27.   Medium-term ambitions remain unchanged, with FY27 net profit at above €11 billion, RoTE over 20% and double digit EPS and DPS growth on FY24-27.   In line with UniCredit’s commitment to shareholder value creation, FY25 total distribution is confirmed to equal or above €9.5 billion4, of which at least €4.75 billion in cash dividends. The residual 2024 share buyback amount of €1.8 billion will be started by the end of October.   The UniCredit Board of Directors, after the completion of the necessary requirements, approved a resolution to distribute an interim dividend to shareholders on the FY25 results for a total amount of €2.2 billion, equal to a dividend per share (DPS) amount of €1.4282. The “per share” amount is calculated on the outstanding and having the right shares at 20 October 2025. The expected dividend dates are: ex-dividend date on 24 November 2025, record date on 25 November 2025 and payment date on 26 November 2025.    STRATEGIC PROGRESS   Disciplined capital allocation continues to enhance structural earnings. The equity consolidation of Commerzbank and Alpha Bank6, the internalization of life insurance in Italy, and investments in Vodeno and Alpha Bank Romania strengthen geographic and client mix, increasing recurring profitability, and support a higher, more sustainable distribution capacity from 2026 onwards.   ESG AND COMMUNITIES   The Group is progressing towards its 2025 ESG penetration targets: ESG Lending 16% (vs 15% target), sustainable bonds 14% (vs 15% target) and ESG AuM stock share 52% (vs 50% target). UniCredit Foundation confirmed a €30 million education budget and launched €1.7 million in scholarships; its Edu-Fund platform has awarded over €14 million to 30 initiatives combating educational poverty. UniCredit also partnered with FAI to product cultural and environmental heritage in Italy and with Rise Europe to foster European innovation champions. The bank was named Best Bank for ESG in CEE and Italy.   The key recent events in 3Q25 and since the end of the quarter, include:   Notice of early redemption UniCredit S.p.A. US$1,000,000,000 2.569% Fixed-to-Fixed Rate Non-Preferred Senior Callable Notes due 2026 (the "Notes") Reg S Notes ISIN: XS2233264808 Global Receipts ISINs: US904678AU32, US904678AV15 (press release published on 17 July 2025); Press release (press release published on 22 July 2025); Launch of the first tranche of the 2024 Share Buy-back Residual (press release published on 24 July 2025); Consolidated First Half Financial Report as at 30 June 2025 (press release published on 1 August 2025); 2025 EBA EU-Wide Stress Test Results (press release published on 2 August 2025); UniCredit: update on the execution of the share buy-back programme during the period from 25 July 2025 to 19 september 2025 (collection of press releases published weekly between 4 August 2025 and 22 September 2025); UniCredit Bank Romania merger with Alpha bank Romania successfully completed (press release published on 18 August 2025); UniCredit further converts into shares part of its synthetic position in Commerzbank also increasing its voting rights to around 26% (press release published on 25 August 2025); UniCredit enters additional instruments relating to Alpha Bank S.A. shares for c. 5%, increasing its aggregate position to c. 26% (press release published on 28 August 2025); UniCredit successfully issued EUR 1.25 billion 6NC5 Senior Non-Preferred bond (press release published on 15 September 2025); Revised date for 3Q25 results (press release published on 24 September 2025); UniCredit enters single A territory as Fitch upgrades issuer rating to A- (press release published on 25 September 2025); Concluded the first tranche of the Share Buy-back 2024 Residual. Update on the execution of the share buy-back programme during the period from 22 to 26 September 2025 (press release published on 29 September 2025); UniCredit receives its second single-A rating as S&P upgrades the issuer rating to A-, one notch above the sovereign (press release published on 9 October 2025).     Please refer to the General Notes and Main Definition sections at the back of this document for information regarding the financial metrics and defined terms mentioned in this press release. 1 9M/9M. 2 i.e. including Vodeno and Alpha Bank Romania majority stake acquisition and internalization of life-insurance.  3  Including calibration factor. 4 Distributions subject to supervisory, board of directors and shareholder approvals, inorganic opportunities and delivery of financial ambitions. They include cash dividends at 50% of net profit excluding the non-distributable one-offs (amounting to €848 million in 9M25 and related to: (i) revaluation of the stakes in the life insurance joint ventures and (ii) badwill stemming from the equity consolidation of a 9.9 per cent stake in Commerzbank), and additional distributions, including the excess capital. 5 As approved by the UniCredit Board of Directors on 21 October 2025, having noted the fulfilment of the requirements of article 2433 bis of Italian Civil Code. The expected dividend dates are: ex-dividend date on 24 November 2025, record date on 25 November 2025 and payment date on 26 November 2025.   6 Equity consolidation of Alpha Bank pending necessary regulatory approvals. 7 Stated NII net of LLPs.