UniCredit: tender offer on bank capital securities results

The settlement date for the purchase by the Bank of the Securities that have been validly tendered and accepted pursuant to the Offers is expected to be 27 May 2016.

The Bank has procured that the UC Lux T1 Euro Notes and the UCI Lux T1 Sterling Notes accepted for purchase pursuant to the Invitations shall be purchased by, and payment of the Purchase Price in relation to such Securities shall be made by UniCredit Bank Ireland p.l.c. as principal and not as agent for the Bank.

In relation to the Securities it has accepted for purchase, the Bank reserves the right to hold, re-issue, resell or surrender such Securities for cancellation, subject to the terms and the conditions of the respective Security.

The Offers were subject to invitation and distribution restrictions in, amongst other countries, the United States, the United Kingdom, Italy, Belgium and France, as more fully set out in the Invitation for Offers. The distribution of this announcement and the Invitation for Offers in those jurisdictions is restricted by the laws of such jurisdictions.

Morgan Stanley & Co. International plc, UBS Limited and UniCredit Bank AG acted as Dealer Managers in relation to the Offers. Lucid Issuer Services Limited acted as Tender Agent in relation to the Offers.

The Dealer Managers:

Morgan Stanley & Co. International plc

Attention: Liability Management Group

Tel.: +44 (0)20 7677 5040

E-mail: liabilitymanagementeurope@morganstanley.com

UBS Limited

Attention: Liability Management Group

Tel.: +44 20 7568 2133

E-mail: ol-liabilitymanagement-eu@ubs.com

UniCredit Bank AG

Attention: Liability Management

Tel.: +49 89 378 15581 / +39 02 8862 0701

E-mail: liability.management@unicredit.de

Tender Agent:

Lucid Issuer Services Limited

Attention: Paul Kamminga

Tel.: +44 (0) 20 7704 0880

E-mail: unicredit@lucid-is.com

DISCLAIMERS

This announcement must be read in conjunction with the Invitation for Offers. No invitation to sell Securities is being made pursuant to this announcement. The distribution of this announcement and the Invitation for Offers in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Invitation for Offers comes are required by the Bank, the Dealer Managers, and the Tender Agent to inform themselves about, and to observe, any such restrictions.

Milan, 25 May 2016

Enquiries:

Media Relations:

Tel.+39 02 88623569; e-mail: mediarelations@unicredit.eu

Investor Relations:

Tel. + 39 02 88621872; e-mail: investorrelations@unicredit.eu