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UniCredit e Munich Re/ERGO: to extend co-operation to CEE region

Ad-hoc-Meldung / Ad hoc Release
nach § 15 WpHG / pursuant to § 15 of the German Securities Trading Act

UniCredit and Munich Re/ERGO to extend co-operation to CEE region

UniCredit's Board of Directors has yesterday approved a framework agreement between UniCredit, Munich Re and ERGO to extend the existing co-operation in Germany, Austria and Poland to further growth markets in the CEE region.

The extended co-operation focuses on the development of the distribution of both life and non-life insurance products of ERGO through the branches of the UniCredit subsidiaries operating in Romania, Slovakia, Slovenia, Hungary, Russia and, partially, Poland where co-operation with Bank Pekao's existing partner will continue. In the medium term, the same type of co-operations will also be extended to Serbia, Ukraine, Bosnia and the Baltic States.

In this context, Munich Re and ERGO will set-up a centralized hub for the supply of cost efficient and effective services to support local operations.

With this agreement the two Groups aim to implement a long-term partnership and create value for both parties ensuring high quality standards for their clients.

Milan, May 10th, 2007
UniCredito Italiano S.p.A.
Via San Protaso 1/3
20121 Milano

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


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