UniCredit's Board of Directors today resolved to raise the amount of capital increase to be presented for approval to the shareholders' meeting necessary for the launch of its public tender offers for the shares of HVB, Bank Austria and BPH - from a maximum of € 2,342,636,292.50 to a maximum of € 2,343,642,931 (corresponding to a maximum of 4,687,285,862 ordinary shares) - with no change to the issue price per share.
Such increase is the consequence of a verification on the number of BPH shares, which could be delivered under UniCredit's tender offer, made on the basis of information received after 12 June 2005 (the date of the previous Board meeting) directly from Bank Austria in respect of the number of BPH shares owned by Bank Austria.