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Ad-hoc-Meldung/Ad hoc Release nach § 15 WpHG/pursuant to § 15 of the German Securities Trading Act - UniCredit and MST have reached an agreement

Ad-hoc-Meldung/Ad hoc Release nach § 15 WpHG/pursuant to § 15 of the German Securities Trading Act
UniCredit and MST have reached an agreement

Today the MST and UniCredit have reached an agreement setting forth their understanding.

The agreement is aimed at ensuring that BPH will remain an independent bank in the Polish market. UniCredit will sell 200 outlets and related banking services operating under the brand BPH to an independent third party through a competitive and transparent international process.

The operations not disposed shall be merged into Pekao.

In the management of the disposal process UniCredit will ensure that there will be no lay-offs in Pekao or BPH through 31 March 2008. Efficiencies will be achieved by the banks through natural attrition.

As a way to ensure proper cooperation by the MST the agreement contemplates the right of the MST to appoint two members of the Supervisory Board of BPH.

The agreement resolves the difference of views between UniCredit and the MST in relation to the Privatization Agreements.

This Agreement represents the best solution for a responsible running of the business of Pekao and BPH, both from the employees' and clients' perspective and once again demonstrates the constant commitment of UniCredit towards its stakeholders and towards Poland, as well as the will of the Polish government to solve disagreements and protect its legitimate interest.

Enquiries:

Media Relations:
Tel. +39 02 88628236; e-mail: Uci.Ufficiostampa@unicredit.it
Investor Relations:
Tel. + 39 02 88628715; e-mail: UCI-InvestorRelations@unicredit.it

UniCredito Italiano S.p.A.
Via San Protaso 1/3
20121 Milano
Italien

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