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UniCredit:assignment of shares to the employees

UniCredito Italiano informs that today Fitch Ratings placed its "AA-" Long-term, "F1+" Short-term and "B" Individual credit ratings on UniCredito Italiano SpA on creditwatch with negative implications, simultaneously removing the positive outlook.

Fitch'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 e BPH.

UniCredit points out that placement on creditwatch is Fitch'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.