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Decisions of the Board of Directors and effects on profitability and capital ratios trends foreseen for the current year

The Board of Directors of UniCredit, given the current adverse market conditions, has decided not to pursue the disposal of the real estate fund in the terms originally planned. Instead, the Board has approved a possible transaction consisting of a smaller disposal of real estate assets through a fund. The Group communicates that, as of today, it expects to achieve a consolidated net profit of around Euro 4 bn in 2008, without including such possible transaction. The Group confirms its capital strengthening plan aimed at reaching a Core Tier 1 ratio of approximately 6.7% at year end.

 

 


Milan, 18 December 2008



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