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Notice to the Noteholders - ISIN XS1070428732


"EUR 185,000,000 Tier II Subordinated Callable Notes due 21 May 2024"

ISIN XS1070428732



With reference to the above issue, UniCredit S.p.A. in accordance with the relevant Final Terms dated 19 May 2014, obtained the prior approval by the relevant authority, will exercise its option to early redeem in whole the Notes on 21 May 2019 (the "Optional Redemption Date").

The early redemption of the issue will be at par and the interests shall cease to accrue on the Optional Redemption Date.



Milan, 23 April, 2019



UniCredit S.p.A.









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