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Press Release

Following the press release dated 20 April 2016 published by Quaestio Capital Management SGR S.p.A. ("Quaestio"), UniCredit S.p.A. ("UniCredit") announces that it has executed an agreement with Quaestio providing for the extension of the subscription commitment of the Fund "Atlante" under the Sub-Underwriting Agreement in relation to the capital increase of Banca Popolare di Vicenza S.p.A. also in case the capital increase is not fully subscribed and the shares of the bank are not admitted to listing and, in that context and perspective, the corresponding extension of the UniCredit's commitments to Banca Popolare di Vincenza S.p.A..


It is recalled that the Fund "Atlante"'s subscription commitment will be up to the maximum amount of € 1,500 million and with a price per share of no higher than € 0.10 and remains subject to the required authorizations from the competent Supervisory Authority.



Milan, 25 April 2016






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