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    

  UniCredit is pleased to announce that it has acquired an equity stake equal to around 9% in the share capital of Commerzbank AG.  4.49% has been acquired in an accelerated book building offering on behalf of the Federal Republic of Germany in line with its intention to reduce its stake in Commerzbank AG, and the rest of the stake has been acquired through market activity.   UniCredit is supportive of Commerzbank AG’s management board and supervisory board and the progress that they have made in improving the bank’s performance.   The acquisition of the stake in Commerzbank AG is consistent with UniCredit’s strategy and the parameters within which it will make any investment.   UniCredit will engage with Commerzbank AG to explore value creating opportunities for all stakeholders in both banks.   Any decision on the stake will again depend on the investment meeting UniCredit’s strict financial parameters which have been clearly and consistently communicated to the market. That said, to maintain flexibility, UniCredit will submit regulatory filings for authorization to potentially exceed 9.9% of Commerzbank if and when necessary.   UniCredit’s management remains focused on the continued execution of UniCredit Unlocked and the delivery of sustainable profitable growth and distributions for all shareholders.  Indeed, this is where UniCredit continues to believe it can extract the most value for its shareholders.   The transaction will impact UniCredit’s CET1 ratio by around 15 bps and will not affect the existing distribution policy.     Milan, 11 September 2024      Contacts: Media Relations: e-mail: MediaRelations@unicredit.eu Investor Relations: e-mail: InvestorRelations@unicredit.eu

  Today UniCredit S.p.A. has issued “Additional Tier 1” Non-Cumulative Temporary Write-Down Deeply Subordinated Fixed Rate Resettable Notes targeted to institutional investors, for a total amount of EUR 1 billion.   This is UniCredit’s first Additional Tier 1 after more than 3 years improving the Tier 1 ratio by about 35 basis points and completing UniCredit’s institutional MREL funding plan for 2024.   The issuance follows a book building process that gathered a demand of approx. EUR 3.8 billion from more than 220 investors globally, enabling to review downwards the guidance, initially set at 7% area, and to fix the coupon at 6.5%.   The final allocation has been mainly in favor of funds (66%), hedge funds (19%) insurances & pension funds (9%) and banks (6%), with the following geographical distribution: UK (38%), France (22%), Italy (8%), US offshore (7%), Nordics (6%) and BeNeLux (6%).   The Notes have a 5.125% Common Equity Tier 1 (CET1) trigger - if the Group or Issuer CET1 ratio at any time falls below the trigger level, the instrument will be temporarily written down to cure the breach, taking into consideration other instruments with similar write down triggers, ranking pari-passu.   The securities are perpetual (with maturity linked to corporate duration of UniCredit S.p.A.) and may be called by the Issuer on any calendar day during the six-month period commencing on 3rd December, 2031 and ending on 3rd June, 2032 and thereafter on any interest payment date, subject to Regulatory approval.   Notes pay fixed rate coupons of 6.5% per annum up to June 2032 on a semi-annual basis; if not called, coupon will be reset every 5 years to the aggregate of the then 5-Years Mid-Swap rate plus 421.2 bps, calculated on an annual basis and then converted to a semi-annual rate in accordance with market conventions. In line with the regulatory requirements, the coupon payments are fully discretionary.   UniCredit Bank GmbH acted as Global Coordinator and as Joint Bookrunner together with Barclays, BNP Paribas, BofA Securities, Morgan Stanley and Santander.   The notes are expected to be rated “Ba3“ by Moody’s.     Milan, 9th September 2024   Contacts: Media Relations e-mail: MediaRelations@unicredit.eu Investor Relations e-mail: InvestorRelations@unicredit.eu

  Recognition underscores bank’s concerted focus on payments and its ongoing digital transformation   UniCredit has been named Best Bank for Transaction Banking in Europe at The Banker’s 2024 Transaction Banking Awards, the first time it has been recognised as such.   Amongst the leading industry standards for banking excellence, The Banker’s annual Transaction Banking Awards give recognition to the importance of transaction banking and its key players globally.   Two themes came to the fore this year throughout the judging process: firstly, how banks are approaching cross-border payments, and secondly, the ongoing process of digitising banking and providing faster and more transparent transaction banking services.   Having recently carved out a new business vertical focused solely on payments solutions, UniCredit’s new structure allows it to focus on initiatives that take advantage of its pan-European scale to bring product innovation and service excellence to all its clients across its networks.   Meanwhile, the bank continues to upgrade its channels, including its proprietary Trade Finance Gate platform, which offers real-time tracking, document management and fully-digital transaction submission – underpinning them with technology and data as it seeks to simplify the client experience and increase the number of touchpoints it offers.   In the working capital space, the bank’s Smart Factor platform, developed to enable clients to manage their advance payment on receivables, has been considerably strengthened – offering a single, user-friendly digital environment for all services, information, and devices.   Across the award period, UniCredit’s UC PayFX international payments service added payment options in non-negotiable currencies, such as the Korean won, Taiwan dollar, Philippine peso, Egyptian pound and Brazilian real – resulting in a significantly expanded client base for cross-border payments.   The service was also rolled out to new geographies in Germany, Italy and Romania, serving a growing portion of the small-to-mid-cap market — with more than 3,000 small and medium-sized enterprises onboarded in Italy and Germany by the end of 2023.   Moreover, earlier this year, UniCredit became the first and only bank across its core markets to offer Swift GPI on international payments across each of its client segments – from retail clients up to SMEs and multinational corporates – following its roll-out of the free service in Austria, Italy and Germany.   Swift GPI enables banks to offer a faster, transparent, and traceable cross-border payments service, with end-to-end visibility on transactions and accurate and real-time payment information.   At Group level, the bank also entered a multi-year strategic alliance with Mastercard, putting in place an unprecedented single card multi-market strategy in Europe, with the shared ambition of increasing the speed of innovation in the payments space.   Commenting on the win, Richard Burton, UniCredit’s Head of Client Solutions, said: “Transaction banking and payments are in our DNA and represent the backbone of many of our client relationships, from individuals to the largest of corporates. This achievement is a reflection of how we are building our business around those clients, as well as integrated channels and best-in-class products. In payments, we continue to pursue our ambition of becoming every European client’s first choice.”     Milan, 04 September 2024   Contacts Media Relations E mail: mediarelations@unicredit.eu  

  With reference to the above mentioned Notes, in accordance with the applicable terms and conditions, UniCredit S.p.A. announces that, having received the European Central Bank authorisation, it will exercise the option to early redeem in whole the Notes on 23 September 2024 (the “Optional Redemption Date”).   The early redemption of the Notes will be at par, together with accrued and unpaid interest. Interest shall cease to accrue on the Optional Redemption Date.   Milan, 30 August 2024     Contacts:  Media Relations e-mail: MediaRelations@unicredit.eu Investor Relations e-mail: InvestorRelations@unicredit.eu