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UniCredit: BA-CA acquire a 9.97% interest in russian bank IMB

UniCredit announces that Bank Austria Creditanstalt AG (BA-CA), responsible within the Group for the commercial banking activities in CEE, has today given notice to the European Bank for Reconstruction and Development (EBRD) to exercise its call option to acquire 12,978 common shares of CJSC International Moscow Bank (IMB), representing a shareholding of 2.79% of IMB's total share capital. Pursuant to the call option agreement, the price for such shares will be ca. US$41.3 million (ca. €30.8 million at current exchange rate).
In addition, BA-CA and EBRD have today signed an agreement to acquire a further 6,822 common shares and 26,533 preference shares of IMB, representing a shareholding of 7.17% of IMB's total share capital for a price of US$188.1 million (ca. €140.4 million).
Following completion of the acquisition of the shares held by EBRD, which is currently expected to take place in July subject to regulatory approvals, BA-CA will hold 100% of IMB's total share capital.



About IMB
International Moscow Bank was established in October 1989 and was the first international bank in Russia. Originally specialized in corporate banking, IMB is currently focusing on a significant expansion of its retail banking activities.
At present IMB is the 8th largest bank in Russia, with total assets of €7,8 billion as at 31 March 2007. The bank currently employs some 2.100 staff, serves 280,000 customers and operates 48 branches.
About UniCredit
With a current market capitalization of approximately €70 billion, ranking among the top financial groups in Europe, UniCredit has a presence in 20 countries, with over 35 million clients and 7,200 branches, approximately 142 thousand employees and total assets of approximately €846 billion as of 31 March 2007.
Upon completion of the merger with Capitalia (announced on 20 May 2007), UniCredit will significantly strengthen its presence in Italy, which is one of its key markets alongside Germany, Austria and CEE, increasing its market capitalization, on a pro-forma basis, to approximately €90 billion.

Enquiries:

Media Relations:
+39 02 88628212; e-mail: MediaRelations@unicreditgroup.eu
Investor Relations:
+39 02 88628715; e-mail: InvestorRelations@unicreditgroup.eu