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UniCredit prices Extendible Note for 2 billion dollar in the US market

UniCredito Italiano, through its Irish subsidiary UniCredito Italiano Bank (Ireland) p.l.c., has priced yesterday an Extendible Note for a total amount of US$ 2 billion.
The deal, lead by Goldman Sachs as sole bookrunner and by UniCredit Markets & Investment Banking (HVB) as co-manager, is the first 2007 extendible deal priced by UniCredito Italiano in the US market.
This extremely successful transaction follows similar deals made during 2006; the deal marks another important success for UniCredit Group in the US market.
The note offers a coupon stepping up by 1 bps every year, starting from $Libor - 1 bp for the first year (achieving 5 years funding at a blended cost of $Libor +1 bp). The coupon is quarterly. The initial maturity is 13 months with option for investors to extend the final maturity up to 5 years.

Milan, April 4, 2007


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