Extension of the offering period
Considering the positive outcome of the Offer UniCredit has decided to extend the Offering Period until, and including, 15 May 2015 at 4.00 pm. Therefore, the holders of the Existing Notes may also tender their notes under the Offer after 30 April 2015, on each Business Day included in the period between, and including, 4 May 2015 at 8.30 am and 15 May 2015 at 4.00 pm, subject to early closing, or further extension, or reopening of the Offer (the "Extended Offering Period").
The Existing Notes tendered under the Offer during the Extended Offering Period will be repurchased by the Offeror pursuant to the terms and conditions set forth in the tender offer memorandum dated 13 April 2015 and available on the Offeror's website www.unicreditgroup.eu/repurchasesubordinatednotes (the "Tender Offer Memorandum"), as supplemented and/or amended, as the case may be, by the provisions of this press release.
The applications received during the Extended Offering Period shall be submitted according to the procedures set forth in the Tender Offer Memorandum, in view of the extension of the Offering Period and of the provisions referred to in this press release (see, in particular, Paragraph E. "Modalità di adesione e ulteriori termini e condizioni dell'Offerta" of the Tender Offer Memorandum), by the subscription and delivery of the appropriate acceptance form set for the Extended Offering Period (the "Acceptance Form for the Extended Offering Period").
Any defect or irregularity noticed by the Offeror in respect of the applications received during the Extended Offering Period must be remedied by 18 May 2015 at 10.00 am.
The Repurchase Price of each series of Existing Notes shall be the same as the one announced by the Offeror in the press release dated 10 April 2015 (available on the Offeror's website www.unicreditgroup.eu/repurchasesubordinatednotes) and set forth in the Tender Offer Memorandum (see Paragraph D. "Corrispettivo" of the Tender Offer Memorandum). The Interest Accrual for each series of Existing Notes was recalculated by the Offeror to take into account the Second Settlement Date (as defined below) and is displayed in the table below.
While the settlement date for the applications validly submitted by, and including, 30 April 2015 and accepted by the Offeror shall remain 5 May 2015, the settlement date for the applications to be validly submitted during the Extended Offering Period and accepted by the Offeror shall be 19 May 2015 (the "Second Settlement Date"), including in the event of early closing. In the event of further extension or reopening of the Offer, the Offeror shall set a specific value date for the settlement of the applications received during such further extension period or reopening of the Offer.
For the terms and conditions of the Offer, a description of the risk factors pertaining thereto and information on potential conflicts of interest that UniCredit has in relation to the Offer, please refer to the Tender Offer Memorandum, which is available, together with the other documents relating to the Offeror mentioned therein, online at www.unicreditgroup.eu/repurchasesubordinatednotes.