UniCredit has reached an agreement with a securitisation vehicle managed by illimity S.p.A. (“illimity”) in relation to the disposal on a non-recourse basis (pro-soluto) of a mixed non-performing loans portfolio.   The portfolio consists entirely of Italian non-performing exposures with a total gross claim value of approximately € 1.3 billion.   The impact will be registered in the second quarter 2022 financial statements.   The sale is part of UniCredit’s on-going strategy to reduce non-performing exposures.     Milan, 30 June 2022      Enquiries Investor Relations e mail: investorrelations@unicredit.eu Media Relations e mail: mediarelations@unicredit.eu

  At the conclusion of the competitive selection process launched by the bank in the last quarter of 2021, UniCredit and Prelios have signed an agreement for the specialized management of Unlikely-To Pay (UTP) loans.   The agreement with Prelios, a leading market operator, has as its main objective the maximization of returns to performing and the resulting positive impact on the bank's customers, with direct benefits on the real economy and the Italian productive and social environment. It also represents for UniCredit an important part of the strategy to enhance the value of the non-performing portfolio, while allowing a reduction in the stock of impaired loans.   The long-term agreement calls for Prelios to be the preferred partner in the management of UTP loans in the corporate segment held by UniCredit: an initial stock under management for the year 2022 will be complemented by future flows of new UTP loans for the next six years.   At the same time, Prelios advised UniCredit in the sale and securitization of a UTP loan portfolio, mainly in the Corporate and SME segments, amounting to approximately € 2 billion gross of value adjustments, of which it will be master and special servicer pursuant to Law 130/99.   This transaction allows UniCredit to achieve the full accounting deconsolidation of the portfolio in the second quarter of 2022 with the private equity fund Christofferson, Robb and Company ("CRC") as the main investor of the Mezzanine and Junior notes.   UniCredit was assisted by PwC and Deloitte as financial advisors, by Chiomenti, BonelliErede and Uniqlegal as legal advisors. Prelios was assisted by Bain & Company as strategic advisor, KPMG and EY as financial advisors, CRCCD and Linklaters as legal advisors.   "The partnership with Prelios represents a significant step forward in addressing the potential post-pandemic aftermath of Italian companies in a structural manner. We are constantly committed to identify the most effective tools to support our customers, in this case favoring their return to better performance along a path of economically sustainable growth over time" Andrea Orcel, CEO of UniCredit commented.   "The choice of UniCredit strengthens our position as market leader in the management of UTP credits" stated Fabrizio Palenzona, President of the Prelios Group, "and allows us to support the real economy of our country, helping to bring the largest possible number of companies back to performing. This is the mission that Prelios pursues with strength and with even greater determination and efficiency, collaborating with credit institutions and all those involved. Personally, finding myself as a partner of the bank I helped to found is a source of great pride and equal responsibility ".              Contacts   UniCredit Media Relations email: MediaRelations@unicredit.eu

  Within the UniCredit S.p.A. (the “Company” or “UniCredit”) share buy-back programme communicated to the market on 10 May 2022 and initiated on 11 May 2022, in execution of the resolution of the shareholders’ meeting held on 8 April 2022 (the “First Tranche of the Buy-Back Programme 2021”) – on the basis of the information received from Goldman Sachs International as intermediary in charge of executing, in full independence (so-called “riskless principal” or “matched principal”), the First Tranche of the Buy-Back Programme 2021 – 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 20 June 2022 to 24 June 2022.  

  The Chairman of the Board of Directors, Piercarlo Padoan, and the Chief Executive Officer, Andrea Orcel, offer their sincere condolences following the loss of Leonardo Del Vecchio, also on behalf of the Board of Directors and all staff of the UniCredit Group:   “We are deeply saddened to learn of the loss of Leonardo Del Vecchio. We have lost a great man: Leonardo’s extraordinary leadership and vision was evident from the very start of his career. A truly international entrepreneur, he successfully dedicated his entire career to development and economic growth, both in Italy and across the world. He believed that courage, creativity and determination were the key to achieving success, not only for his company but also for the global economic system it operates in. His contribution to making Italy a great industrial nation will be remembered and felt for decades to come and his loss keenly felt. UniCredit is grateful for his support throughout various stages of our expansion and growth and we are proud to call him part of our Group. Our thoughts are with his family and friends.”   Milan, 27 June 2022 Enquiries: UniCredit Media Relations mediarelations@unicredit.eu  

  • Recent activity confirms UniCredit’s position as a leading arranger and financier of European fibre optic networks, as well as the bank’s commitment to the development of digital infrastructure.   • Open Fiber deal represents biggest-ever EMEA financing transaction in telecommunications networks.   UniCredit has played a key role in the financing of European fibre optic networks in recent months, bringing fibre-to-the-home (‘FTTH’) connections to over 34 million households as the region looks to improve its connectivity to meet European Union objectives.   In Italy, the bank concretely supported Open Fiber’s EUR 7.17 billion project financing agreement to fund the development of a national fibre optic network that will connect 24 million households over the next six years – thereby advancing the Italian government’s agenda to close the ‘digital divide’.   The deal itself represents the biggest-ever EMEA financing transaction in telecommunications networks.   In Germany, over the last fifteen months, UniCredit has been at the forefront of project financing agreements with Deutsche Glasfaser, GlasfaserPlus and Unsere Grüne Glasfaser. Taken together, these projects are expected to bring FTTH connections to over ten million households.   Elsewhere in Romania, UniCredit advised Meridiam Infrastructure around the roll out of Bucharest’s fiber network – assisting the client in raising a EUR 55 million financing package.   Goffredo Guizzardi, UniCredit’s Head of Specialised Lending, commented: “Recently syndicated deals involving Open Fiber, Deutsche Glasfaser, GlasfaserPlus and Unsere Grüne Glasfaser both confirm UniCredit’s steadfast commitment to supporting clients in the digital space and the bank’s pan-European credentials. Moving forward, we want to continue to play an active role in the provision of fast and future-proof internet services – consolidating our position as one of the leading telecom banks in Europe whilst empowering our communities to progress.”     ADDITIONAL INFORMATION:   JUNE 2022 – UniCredit supports Open Fiber in EUR 7.17 billion project financing to fund the development of a national fibre-optic network to connect 24 million households over next six years   In its capacity as Mandated Lead Arranger, Underwriter and Bookrunner, Agent, Account and Guarantee Issuing Bank, UniCredit supported the successful closing and syndication of a EUR 7.17 billion project financing agreement with Open Fiber, which currently represents the biggest-ever EMEA financing transaction in telecommunications networks. Open Fiber is the largest FTTH network operator in Europe and the project benefits from the support of strategic sponsors CDP and Macquarie European Infrastructure Fund 6 SCSP. The new business plan rests on the wholesale-only model which Open Fiber pioneered from the outset, a technologically advanced network available to all operators on equal terms, built on environmental, economic and social sustainability. The project covers both commercially attractive areas (ca. 19.3 million households), as well as less dense areas (overall ca. 4.3m households), benefitting from public grants of roughly EUR 3.7 billion made available from the PNRR to finance up to 70% of the investments’ costs to deploy the network.     APRIL 2022 – UniCredit supports GlasfaserPlus GmbH in EUR 2.15 billion project financing to fund roll out of FTTH network across rural and semi-rural Germany   In its capacity as Bookrunner, Underwriter, Mandated Lead Arranger, Facility and Security Agent, UniCredit supported the successful closing and syndication of a EUR 2.15 billion financing for GlasfaserPlus GmbH – a joint venture between Deutsche Telekom and the IFM Global Infrastructure Fund (advised by IFM Investors) which expects to build roughly four million FTTH connections across Germany by 2028.     MARCH 2022 – UniCredit advises Meridiam Infrastructure around roll out of Bucharest fiber network   In its capacity as Sole M&A and Debt Adviser, UniCredit advised Meridiam Infrastructure around the roll out of Bucharest’s fiber network. UniCredit advised the client in raising a EUR 55 million financing package from senior lenders to both refinance and restructure 100% of the existing debt at project level, as well as to finance the further expansion of the Romanian capital’s fiber network – thereby aiming to double coverage of the current underground network over the next four years.     JANUARY 2022 – UniCredit supports Deutsche Glasfaser in EUR 5.75 billion project financing to establish over four million fibre-to-the home connections across Germany by 2025   In its capacity as Bookrunner, Underwriter and Mandated Lead Arranger, UniCredit supported the successful closing and syndication of a EUR 5.75 billion financing for Deutsche Glasfaser – a leading independent FTTH network operator in Germany’s rural and suburban areas. The project will support the roll out of FTTH connections to over four million households by YE2025. It is the largest FTTH financing in Germany to date and includes ESG-linked features, including the reduction of Deutsche Glasfaser’s CO2 emissions in line with the Paris Agreement, its speed in connecting underserved regions, and the company’s performance as a socially responsible place to work.     MARCH 2021 – UniCredit supports Unsere Grüne Glasfaser in EUR 1.65 billion project financing to fund roll out of FTTH network across rural and semi-rural Germany   In its capacity as Mandated Lead Arranger and Bookrunner, UniCredit supported the successful closing of a EUR 1.65 billion project financing agreement with Unsere Grüne Glasfaser (UGG) – a leading German FiberCo. Set up as a joint venture between Telefonica and Allianz Capital Partners, UGG plans to invest some EUR 5 billion of equity and debt to fund its roll out of a FTTH network that will connect two million households in rural and semi-rural areas of Germany over the next six years. The partnership is the largest single infrastructure investment for Allianz Capital Partners (with EUR 1.0 billion of publicly committed equity) and will support Telefonica’s growth strategy in Germany.     Milan, 21 June 2022 Enquiries: UniCredit Media Relations mediarelations@unicredit.eu