UniCredit S.p.A. (“UniCredit”) announces that, having received all necessary approvals from the relevant authorities, it has today completed the internalisation of its life bancassurance business in Italy, acquiring full control of the joint ventures with CNP Assurances S.A. (“CNP Assurances”) and Allianz S.p.A. (“Allianz”).   As an effect of the closing of the acquisition, CNP UniCredit Vita S.p.A. has been renamed UniCredit Life Insurance (“ULI”), while UniCredit Allianz Vita S.p.A. has been renamed UniCredit Vita Assicurazioni (“UVA”).   Alessandro Santoliquido has been appointed CEO of both companies alongside his role as Head of Group Insurance.   ULI and UVA are expected to merge in 2026: the resulting new Italian life bancassurance company represents a significant expansion of the Client Solutions factories and will hold a leadership position in high-value segments such as unit-linked and term life policies.   In line with the relevant regulations, UniCredit plans to apply for recognition of the Danish Compromise once classified as a Financial Conglomerate.   Following long-standing partnerships with two of the most reputable global insurance groups, CNP Assurances and Allianz, the internalisation of the life bancassurance factories in Italy will allow UniCredit to:   ·       build an efficient company in a fee-based sector where UniCredit is already one of the leading players; ·       extract business synergies to further strengthen service levels and the value for money offered to customers, while also driving a substantial growth of the business.   The current set-up of the Italian non-life bancassurance business will not be impacted and will continue to operate through the joint venture UniCredit Allianz Assicurazioni S.p.A. under the terms communicated to the market in January 2022.   The impact of the transaction on the Group's second quarter CET1 ratio is expected to be circa -25 basis points. This impact is expected to be neutralized once UniCredit will be recognised as a fully-fledged Financial Conglomerate subject to supplementary supervision and it obtains the application of the Danish Compromise.   UniCredit expects the two transactions will substantially contribute to the EUR 0.4 billion growth in insurance annual revenues by FY27, compared to FY24.   Alessandro Santoliquido, Head of Group Insurance at UniCredit, commented: “This transaction is a key milestone in the journey towards the creation of a leading life insurance company in Italy. Our aim is to become the market reference point not only in terms of size, but also for efficiency, product innovation and quality of customer service. Our commitment is now to carry out the merger as quickly as possible, to enter the next stage of growth offering customers the best available solutions”.     Key figures   In 2024, the two companies, UAV and CUV, collected roughly EUR 8.6 billion of Gross Written Premiums (with a market share of 7.2% of the whole life insurance market), with total technical reserves of about EUR 45.6 billion.   In Italy, in 2024, UniCredit’s life bancassurance business generated circa EUR 580 million in distribution fees (13.4% of UniCredit’s total net commissions in Italy), in addition to over EUR 100 million of profits from its shareholdings in the two companies.   Milan, 20 June 2025   Contacts:  Media Relations e-mail: mediarelations@unicredit.eu Investor Relations  e-mail: InvestorRelations@unicredit.eu

  NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.   VOLUNTARY PUBLIC EXCHANGE OFFER LAUNCHED BY UNICREDIT S.P.A. ON ALL ORDINARY SHARES OF BANCO BPM S.P.A.   PRESS RELEASE     Milan, 19 June 2025 - With reference to the public exchange offer (‘Offer’) promoted pursuant to articles 102 et seq. of the TUF on all the ordinary shares of Banco BPM S.p.A. (‘BPM’), today UniCredit S.p.A. (‘UniCredit’) received from the Directorate General for Competition (DGCOMP) authorization for the acquisition of Banco BPM.   This authorisation is subject to the implementation of commitments aimed at addressing the competition aspects of the transaction. In particular, it is foreseen the disposal of 209 Banco BPM branches to qualified operators.   The 30-day suspension of the offer period, decided by Consob on 21 May 2025 pursuant to Article 102, paragraph 6, lett. b) of TUF, will end on 21 June 2025 and, therefore, the offer period, without prejudice to any UniCredit rights, will restart running on 23 June 2025.   Shortly after the restart of the offer period, the documentation relating to the Offer will be updated by way of publication (subject to Consob’s approval) of a supplement to the prospectus and the offer document, and shareholders that tendered the shares will be allowed to withdraw, in accordance with the applicable legal provisions.   * * *     THIS PRESS RELEASE DOES NOT CONSTITUTE THE EXTENSION OF AN OFFER TO ACQUIRE, PURCHASE, SUBSCRIBE FOR, SELL OR EXCHANGE (OR THE SOLICITATION OF AN OFFER TO ACQUIRE, PURCHASE, SUBSCRIBE FOR, SELL OR EXCHANGE), ANY SECURITIES IN ANY JURISDICTION, INCLUDING THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE LAWS OF SUCH JURISDICTION AND ANY SUCH OFFER (OR SOLICITATION) MAY NOT BE EXTENDED IN ANY SUCH JURISDICTION.   The public voluntary exchange offer described in this press release (the “Offer”) will be promoted by UniCredit S.p.A. (the “Offeror” or “UniCredit”) over the totality of the ordinary shares of Banco BPM S.p.A. (“BPM”).   This press release does not constitute an offer to buy or sell BPM’s shares.   The Offer will be launched in Italy and will be made on a non-discriminatory basis and on equal terms to all shareholders of Banco BPM S.p.A. The Offer will be promoted in Italy as BPM’s shares are listed on the Euronext Milan organised and managed by Borsa Italiana S.p.A. and, except for what is indicated below, is subject to the obligations and procedural requirements provided for by Italian law.   The Offer is not being made in Canada, Japan, Australia or any other jurisdiction where to do so would constitute a violation of the laws of such jurisdiction and any such offer (or solicitation) may not be extended in any such jurisdiction (“Other Countries”). The Offer is otherwise being made (i) outside the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act of 1933, as amended (“Regulation S”)(the “U.S. Securities Act”) and, as applicable, in accordance with law in any such other jurisdiction, or (ii) within the United States, only to “qualified institutional buyers” as defined in Rule 144A of the U.S. Securities Act (“QIBs”) in a private placement that is exempt from, or not subject to, registration under the U.S. Securities Act and that meets the requirements of Rule 144A or another available exemption from registration, in each case, in accordance with any applicable securities laws of any state of the United States.  The extension of the Offer in the United States is occurring by way of a separate private placement memorandum restricted to QIBs.   A copy of any document that the Offeror will issue in relation to the Offer, or portions thereof, is not and shall not be sent, nor in any way transmitted, or otherwise distributed, directly or indirectly, in the Other Countries. Anyone receiving such documents shall not distribute, forward or send them (neither by postal service nor by using national or international instruments of communication or commerce) in the Other Countries.   Any tender in the Offer resulting from solicitation carried out in violation of the above restrictions will not be accepted. This press release and any other document issued by the Offeror in relation to the Offer do not constitute and are not part neither of an offer to buy or exchange, nor of a solicitation to offer to sell or exchange financial instruments in the United States or in the Other Countries. Financial instruments cannot be offered or sold in the United States unless they have been registered pursuant to the U.S. Securities Act, or are exempt from, or not subject to, registration. Financial instruments offered in the context of the transaction described in this press release will not be registered pursuant to the U.S. Securities Act. UniCredit does not intend to carry out a public offer of such financial instruments in the United States.  No financial instrument can be offered or transferred in the Other Countries without specific approval in compliance with the relevant provisions applicable in such countries or without exemption from such provisions.   This press release may only be accessed in or from the United Kingdom who are “qualified investors” within the meaning of Article 2(e) of assimilated Regulation (EU) 2017/1129 as it forms part of domestic United Kingdom law by virtue of European Union (Withdrawal) Act 2018, as amended, and who (i) have professional experience in investment matters under section 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Decree”); (ii) are persons who have a high net worth and who fall within article 49(2) (a) - (d) of the Decree; or (iii) are persons to whom it may otherwise be lawfully communicated (the aforementioned persons being the “Relevant Persons”). Any investment activity to which this document refers is available only to Relevant Persons. Financial Instruments described in this press release are made available only in the United Kingdom to Relevant Persons (and any solicitation, offer, agreement to subscribe, purchase or otherwise acquire such financial instruments will be directed exclusively at such persons). Any person who is not a Relevant Person should not act or rely on this document or any of its contents.   Tendering in the Offer by persons residing in jurisdictions other than Italy may be subject to specific obligations or restrictions imposed by applicable legal or regulatory provisions of such jurisdictions. Recipients of the Offer are solely responsible for complying with such laws and, therefore, before tendering in the Offer, they are responsible for determining whether such laws exist and are applicable by relying on their own advisors. The Offeror does not accept any liability for any violation by any person of any of the above restrictions.  

  UniCredit (issuer rating Baa1/BBB+/BBB+) has successfully issued a Tier 2 subordinated bond with a 12-year maturity, callable after 7 years, targeted at institutional investors thus reaffirming its solid fixed income investor base and market access capacity across different formats. The amount issued is equal to EUR 1.0 billion.   This is the first Tier 2 issuance in 2025paying a fixed coupon of 4.175% until June 2032 and with an issue price of 99.928%, equivalent to a spread of 180 bps over the reference mid swap rate. If the issuer does not call the bonds after 7 years, the coupon for the subsequent period until maturity will be reset based to the then applicable 5-year swap rate, plus the initial spread.   Given the strong market feedback and the sizeable order book, the guidance which was initially set at 215 bps area over mid-swap, was strengthened and set at 180 bps.   The transaction had very strong demand from approximately 200 institutional investors, with an orderbook of over EUR 3.4 billion. The final allocation has been mainly in favor of funds (67%), with the following geographical distribution: UK (33%), France (33%) and Germany/Austria/Swiss (9%).   UniCredit Bank GmbH acted as sole Global Coordinator and as Joint Bookrunner together with Barclays, HSBC, ING, Mediobanca, Santander, SocGen and Toronto Dominion.   The bond, documented under the issuer's Euro Medium Term Notes Program, completes the subordinated issuance plan for 2025 and will be part of UniCredit's Tier 2 regulatory capital, contributing to the Total Capital Ratio.   In light of the subordinated status, the expected ratings are as follows: Ba1 (Moody’s); BBB- (S&P); BBB- (Fitch).   Listing will be on the Luxembourg Stock Exchange.     Milan, 17 June 2025   Contacts:  Media Relations e-mail: MediaRelations@unicredit.eu Investor Relations e-mail: InvestorRelations@unicredit.eu

  UniCredit, the pan-European commercial bank, has successfully launched “Employee Share Ownership Plan - U Share” (“U Share” or the “Plan”), the share incentive plan for employees of UniCredit Group enabling personnel to directly access the material benefits of the Company’s success.   U Share, approved by Shareholders’ Meeting on April 12,2024 and also detailed in the 2025 Group Remuneration Policy, gives UniCredit Group employees the possibility to join their employer’s investor base.   The Group recognises that it is essential to unlock the potential of its people. The Plan’s purpose is to put the core value of ownership in action, thus further aligning interests between shareholders, management and staff with a global and consistent approach.   Eligible personnel can discretionally enrol to the Plan and commit to investing between a minimum of €500.00 and a maximum of €10,000.00 in the Company’s ordinary shares at market valuation with favourable terms.   In fact, UniCredit will contribute for each Plan participant, conditional on their stay with the Group throughout the intervening period:   -        Discount Shares: equal to 20% of the initial investment, in the form of additional “free of charge” shares or equity rights, to be assigned to the Plan participant, simultaneously with the Purchased shares at Plan Launch. These shares will vest in 18 months’ time.   -        Matching Shares: equal to 20% of the initial investment, in the form of additional shares on top of the Discount Shares, to be delivered after 36 months at U Share plan end. The distribution of Matching Shares is also conditional to the achievement of specific Group KPIs.   The U Share plan is a single-cycle plan and will end after 36 months.   “UniCredit’s success lays on the dedication and commitment that our people demonstrate across the network every day,” said Andrea Orcel, CEO UniCredit. “U Share is our way to reward the fundamental role they play in the achievement of our Group’s objectives and remarkable performance over the last four years. We are very pleased to launch this new plan, that is dedicated to all our people – they are the backbone of UniCredit. Now, investors, executives, and all our people are bound by one shared mission to elevate our support for clients, families, and local communities.”       Contact Media Relations: MediaRelations@unicredit.eu

  The new campus will contribute to the urban regeneration of Scalo Farini     UniCredit is delighted to announce Herzog & de Meuron, one of the most prestigious and recognized architecture practices in the world, will design its new headquarters in Milan.   The headquarters designed by world-renowned architects will be in the Scalo Farini area, which will include, in addition to the bank’s new offices, green spaces, offices, residences, social housing, and new services for the entire city.   The new UniCredit campus will promote a virtuous and sustainable model of social integration, contributing to Scalo Farini’s urban regeneration – one of the most important initiatives of its kind in Europe.   The design of the headquarters will embody UniCredit's values of innovation and sustainability, contributing to the rebirth of Scalo Farini and serving as a monument to the progress of the city, Milan, and Italy at large. Through the campus, UniCredit intends to promote the future development of local communities and guarantee a new sustainable and modern workplace for its employees.   Founded in Basel in 1978, international architecture practice Herzog de Meuron has a firm track record of architectural excellence including such iconic works as the National Stadium in Beijing, the Tate Modern in London and the Elbphilharmonie in Hamburg.   For the new headquarters, the practice proposes an integrated design vision combining architectural precision and rigor, with innovative experimentation and reverence for the physical context of Scalo Farini.   The development of the headquarters will take place simultaneously with the regeneration of the area of Scalo Farini, in step with international urban transformation trends and inspired by the most up-to-date principles of environmental sustainability. UniCredit has started the administrative process to approve the plan for the new headquarters.   Andrea Orcel, UniCredit Group CEO, said: “We are proud to collaborate with Herzog & de Meuron on the new UniCredit headquarters. As a bank driven by a fundamental purpose, to empower communities to progress, we are delighted that we have the opportunity to contribute to the regeneration of Scalo Farini in Milan. Employees of our new campus will enjoy working in a unique, sustainable, and welcoming campus with modern facilities and solutions.  Our investment in Scalo Farini represents more than the opportunity to give back to our community, it is also the ability for us to invest in Italy and to put into tangible action our commitment to invest socially and the responsibility we have environmentally as we work to regenerate this area for our own people and beyond”.   Jacques Herzog, founder of Herzog & de Meuron, said: “The UniCredit headquarters gives us the opportunity to continue our work in Milan, a city where we have been able to establish a meaningful architectural presence. It is of course also especially exciting for us to work for one of the greatest global banking institutions in Europe. The building will be an exploration in both ecological and social sustainability - a rejection of a closed, hermetic office tower towards an organic shape which allows the interiors and workspaces to be surrounded by gardens and trees, creating high quality working conditions throughout the building”.     Milan, 6 June 2025     Contacts: Media Relations: MediaRelations@unicredit.eu