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UBM and Banca IMI sign an agreement for the joint development and promotion of TLX markets

UniCredit Banca Mobiliare (UniCredit Group) and Banca IMI (Sanpaolo IMI Group) have signed an agreement for the joint development and promotion of TLX-managed markets.

The agreement calls for Banca IMI to acquire a 50% shareholding in TLX S.p.A., currently wholly controlled by UBM.
Joint operations by the two investment banks will commence in the first part of January 2007.

TLX S.p.A. is a market organization and management consortium for the negotiation of financial instruments to meet private investor needs. Incorporated in 2002 and operating since 1 January 2003, the company manages the TLX-regulated market and the EuroTLX Organized Exchange System.

Over 950 bonds (Government, supernational, emerging countries, corporate and bank bonds) and foreign shares are listed and negotiated on the TLX markets, with a high level of price transparency and pre and post trading.

Within the Italian market framework, TLX markets complete the range of instruments offering liquidity and efficiency to private investors - through the competitive, continuous auction-based market model and the presence of two market makers, UBM and Banca IMI - and allow member banks to achieve higher operating efficiency and to offer a constantly improving customer service.

The TLX markets are currently accessed by 40 banking networks. UBM and Banca IMI will promote equity investment in TLX S.p.A. from other banks to emphasize its transparency, liquidity and easy access features.



Contacts:
UniCredit Banca Mobiliare
Media Relations:
Tel. +39 02 88622612; e-mail: mediarelations@unicreditgroup.eu
Investor Relations:
Tel. +39 02 88628715; e-mail: investorrelations@unicreditgroup.eu

Banca IMI
External Communications:
Andrea Monzani, tel. +39.02.7751.2502; e-mail: andrea.monzani@bancaimi.it
Marco Micheli, tel. +39.02.7751.2597; e-mail: marco.micheli@bancaimi.it