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TPA Horwath confirms the Cash Compensation for the BA-CA Squeezeout

 Today, TPA Horwath Wirtschaftsprüfung GmbH ("TPA Horwath"), the independent auditor appointed by the competent commercial court of Vienna, has released its report on the cash compensation to be paid in the context of the envisaged BA-CA squeeze-out. In its report, TPA Horwath has stated the correctness of the Joint Report issued by UniCredito Italiano S.p.A. (" UniCredit") and the management board of Bank Austria Creditanstalt AG (" BA-CA") on 26 March 2007 and confirmed the adequacy of the squeeze-out compensation of Euro 129.4 per share, which was determined on 26 March 2007 by UniCredit and the management board of BA-CA.

Milan, 28 March 2007



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