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Standard and Poor's places UniCredit on Creditwatch

UniCredito Italiano informs that today Standard & Poor's Ratings Services placed its "AA-" long-term and "A-1+" short-term counterparty credit ratings on UniCredito Italiano SpA and UniCredit Banca Mobiliare SpA on creditwatch with negative implications. At the same time, Standard & Poor's placed its "A+" long-term and "A-1" short-term counterparty credit ratings on Locat SpA on creditwatch with negative implications.

Standard & Poor's action follows UniCredito Italiano's and Bayerische Hypo-und-Vereinsbank's press release confirming that the two banking groups are in discussions regarding a potential business combination.

UniCredit points out that placement on creditwatch is Standard & Poor's normal business practice in presence of potential deals of this kind.


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

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



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