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Notice to the Noteholders - ISIN XS0724831549

"€ 28,000,000 Fixed to Floating Rate Callable Notes due 23 December 2019"

ISIN XS0724831549


UniCredit S.p.A. in accordance with the Final Terms of the above issue (the "Notes"), will exercise its option to early redeem in whole the Notes on 23 December, 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, 30 November 2015

UniCredit S.p.A.


Investor Relations

tel: 02 88624324


Media Relations

tel: +39 02 88623569