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Ad-hoc-Meldung / Ad hoc Release nach § 15 WpHG / pursuant to § 15 of the German Securities Trading Act : UniCredit's BoD has approved a capital increase linked to the Group Long Term Incentive Plan 2007

UniCredit's Board of Directors has approved a capital increase linked to the Group Long Term Incentive Plan 2007 (the "Plan") for a selected group of key people.
The Plan provides for the allocation of nr. 29,809,423 stock options and the promise to grant nr. 8,205,268 performance shares, conditional upon achieving performance targets set at Group and single Division level in the Strategic Plan, to nr. 860 selected key managers and employees of the Group.
The Plan is designed to support the achievement of the Group's strategic objectives, the growth in UniCredit share-price in line with Shareholders expectations and the retention of Key Talents strategic for its success.

Milan, June 12, 2007



Enquiries:

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



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