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Notice to the Noteholders - ISIN XS0210710058

Notice to the Noteholders



"€ 200,000,000 Fixed to Index Linked Notes due January 2035"


ISIN XS0210710058



UniCredit S.p.A., in accordance with the Pricing Supplement of the above issue (the "Notes"), will exercise its option to early redeem in whole the Notes on 15 February, 2015 (such date being the "Optional Redemption Date").


As a result, the Issuer will redeem in whole the Notes at 100% of their outstanding principal amount (such amount being the Optional Redemption Amount) on the Optional Redemption Date, together with interest accrued but unpaid up to (but excluding) such Optional Redemption Date.


The Notice of early redemption is published on the website of the LSE,



Milan, 29 January, 2015



UniCredit S.p.A.