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Cash Consideration for the BA-CA Squeeze-out Set at Euro 129.4 per Share

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

Cash Consideration for the BA-CA Squeeze-out Set at Euro 129.4 per Share

Today, UniCredito Italiano S.p.A. ("UniCredit") and the management board of Bank Austria Creditanstalt AG ("BA-CA") have determined the adequate cash compensation to be paid in the context of envisaged BA-CA squeeze-out to amount to Euro 129.4 for each of the 7,374,016 outstanding bearer share, representing approximately 3.65% of BA-CA's entire share capital.

This corresponds to a total cash compensation of approximately Euro 950 million.

The squeeze-out compensation has been determined on the basis of an expert report prepared by Deloitte Valuation Services GmbH, Vienna, Austria, in accordance with the Austrian evaluation standard KFS BW1.

A report on the adequacy of the determined cash compensation is expected to be issued by TPA Horwath Wirtschaftsprüfung GmbH, the independent auditor appointed by the competent commercial court of Vienna, by the end of this week.

BA-CA shareholders' meeting is envisaged to take place on 3 May 2007 in order to resolve on the squeeze-out.

These assessments are subject to the following disclaimer:
Certain of the statements contained herein may be statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. UniCredito Italiano S.p.A. assumes no obligation to update any information contained herein.

Milan, 26 March 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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