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Ad-hoc-Meldung/Ad hoc Release nach § 15 WpHG/pursuant to § 15 of the German Securities Trading Act The General Shareholders' Meeting appoints the Directors and authorise the sale of treasury shares

Ad-hoc-Meldung / Ad hoc Release
nach § 15 WpHG / pursuant to § 15 of the German Securities Trading Act

The General Shareholders' Meeting appoints the Directors and authorises the sale of treasury shares

The Ordinary Shareholders' Meeting has today appointed the Directors for financial years 2006-2008 thus with their term in office expiring at the shareholders' meeting called to approve the 2008 financial statements and determined their number in 24 members. The Directors appointed are: Franco Bellei, Roberto Bertazzoni, Manfred Bischoff, Vincenzo Calandra Buonaura, Giovanni Desiderio, Volker Doppelfeld, Giancarlo Garino, Francesco Giacomin, Piero Gnudi, Gianfranco Gutty, Friedrich Kadrnoska, Max Dietrich Kley, Luigi Maramotti, Diether Muenich, Fabrizio Palenzona, Carlo Pesenti, Alessandro Profumo, Dieter Rampl, Carlo Salvatori, Hans-Juergen Schinzler, Giovanni Vaccarino, Paolo Vagnone, Nikolaus von Bomhard and Anthony Wyand.

During today's meeting the remuneration due to the Board of Directors and to the Executive Committee for each year in office has been determined in accordance with section 26 of the bank's articles of association as well as to the members of the Audit Committee and to the Chairman of the Supervisory Committee set up under Legislative Decree 231/01.

The General Shareholders' Meeting also resolved on the authorization to sell, without any time limits, the treasury shares held by the bank at a minimum price that is not lower than the higher of the weighted average purchase price obtained by applying the "risk free" rate for the purposes of capitalizing the shares purchased until the date of executing the transaction (for capitalization purposes, the 3-month Euribor rate will be used, taken as the average of daily rates in the six months prior to the transaction's commencement) and the market price at the transaction's commencement, less 5%; the sale may be carried out on or off-market, spot and/or forward, including through convertible instruments or using derivatives, according to the market conditions existing when the transaction commences and with the goal of maximizing income and capital in line with the group's standards.


Enquiries:
Media Relations:
Tel. +39 02 88623030; mail: Uci.Ufficiostampa@unicredit.it
Investor Relations:
Tel. + 39 02 88628715; mail: UCI-InvestorRelations@unicredit.it

Securities listed on German regulated markets:
ISIN IT0000064854
WKN: 850832
Listed: Official Market (Amtlicher Markt), Frankfurt Stock Exchange (General Standard)