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UniCredit finalises the disposal of 183 branches to 13 banks

UniCredit announces that - following the press release issued on the 16 May 2008 - it has today finalised the disposal of 183 branches to Banca Popolare di Milano, Credito Emiliano, Banca popolare dell'Emilia Romagna, Banca Popolare del Mezzogiorno (Banca Popolare dell'Emilia Romagna Group), Banca Carige, Banca Popolare dell'Etruria e del Lazio, Banca Agricola Popolare di Ragusa, Banca Popolare S. Angelo, BCC San Giuseppe di Petralia Sottana, BCC di Lercara Friddi, BCC Don Rizzo - Credito Cooperativo della Sicilia Occidentale, BCC di Sambuca, BCC "G. Toniolo" di San Cataldo (together, the "Purchasing Banks").
The transaction - which will become effective on 1 December 2008 - is in compliance with the commitments made by UniCredit to the Italian Antitrust Authority in the context of the merger with Capitalia S.p.A.
UniCredit has been assisted by Morgan Stanley and UniCredit Markets & Investment Banking as financial advisors, with Legance Studio Legale Associato, acting as UniCredit's legal advisor, whilst the Purchasing Banks have been assisted by KPMG Corporate Finance, Mediobanca - Banca di Credito Finanziario and Rothschild as financial advisors and by Chiomenti Studio Legale and Studio Legale Iuris Prof. Avv. Bonfatti (for Credem) as legal advisors.

Milan, 27 November 2008

Enquiries:

Media Relations:
Tel. +39 02 88628236; e-mail: MediaRelations@unicreditgroup.eu

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