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Moody's places UniCredit on creditwatch

UniCredito Italiano informs that Moody's placed its "Aa2" long-term credit rating and "B+" financial strength rating on UniCredito Italiano SpA under review for possible downgrade. At the same time, Moody's placed its "Aa2" long-term credit rating on Locat SpA under review for possible downgrade.

Moody's action follows the announcement by UniCredito Italiano that it will make voluntary all-share offers for 100% of the share capital of Hypo-und-Vereinsbank, Bank Austria and BPH.

UniCredit points out that placement under review is Moody's normal business practice in presence of deals of this kind.


Investor Relations:
Tel. 02/88628715; mail: UCI-InvestorRelations@unicredit.it

Media Relations:
Tel. 02/88623030; mail: Uci.Ufficiostampa@unicredit.it

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA OR JAPAN.