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Statement about Telecom

With reference to press rumors regarding possible industrial and banking investor groups interested in the acquisition of a stake in Telecom Italia S.p.A., UniCredit - upon a specific request by Consob - declares that it is not part of any such group and that no negotiations are currently taking place with any such group or with the selling shareholder.


Milan, 10 April 2007


Contacts:

Media Relations:
Tel. +39 02 88628236; e-mail: MediaRelations@unicreditgroup.eu
Investor Relations:
Tel. + 39 02 88628715; e-mail: InvestorRelations@unicreditgroup.eu