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UniCredit: Bank Austria's squeeze-out registered at the Commercial Court of Vienna

UniCredit is pleased to announce that today the squeeze-out of Bank Austria's free float shareholders has been registered with the commercial register of the Commercial Court of Vienna as a result of a final settlement regarding all challenge claims in Austria.

The total consideration for the squeeze-out amounts to approx. EUR 1,045 million, which includes statutory interests and the cost of settlement with the plaintiffs who have challenged the resolutions rendered in Bank Austria's shareholders' meeting dated 3 May 2007.

The squeeze-out price and relevant interests will be paid to the minority shareholders within mandatory terms following the publication of the registration of the squeeze-out: the payment is therefore expected to take place by the end of July.

Milan, 21 May 2008


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