UniCredit Foundation proudly reaffirms its dedication to nurturing young talent and fostering academic excellence by launching a new tranche of scholarships and research opportunities, bringing its educational financing to over €4 million in 2024.   Building on successful initiatives from earlier in the year, this substantial investment — valued at €1.4 million — is the latest to be delivered as part of our Foundation's 2024 strategy, which committed to investing a total of €30 million to tackle educational poverty in UniCredit's communities across Europe.   The investment reaffirms the UniCredit Foundation's role as a vital bridge between academia and opportunities for education and growth, particularly in the fields of economics, finance, and multidisciplinary studies on educational topics.   This new tranche will provide funding through three competitions and two academic collaborations, encompassing 37 merit-based scholarships and research grants, alongside three specific research projects focused on educational themes. These opportunities are designed for recent graduates and researchers across Europe, with a dual purpose: to support students specializing abroad at prestigious universities and to promote 'brain gain' by enabling them to contribute to sustainable economic growth in the countries where UniCredit operates.   Scholarships and Research Opportunities Launching in December 2024:   Research Grants: 1st Multidisciplinary Education Research Grant: This grant supports one multidisciplinary research project aimed at enhancing education in UniCredit’s core regions, with total funding of €250,000. Applications are open until March 31, 2025. 3rd Education Research Grant: This grant will fund two economic research projects focused on improving educational outcomes, offering a total of €400,000. Submissions will be accepted until April 1, 2025. 3rd Marco Fanno PhD Research Grant: Open until March 15, 2025, this encompasses two research grants totaling €80,000 for leading Italian university departments in economics or finance. 15th Best Paper Award on Gender Economics: This competition invites young economists and researchers from UniCredit’s core regions to submit research papers focused on gender economics and education until May 15 2025, with €5,000 awarded to the two best papers. Academic Collaborations: 15th Master Scholarship Program: This program offers eight one-year master’s scholarships in economics or finance at top European universities, such as Bocconi University, London School of Economics, and Oxford University, with total funding of €300,000. 14th US PhD Giovannini Scholarship: Supporting five two-year PhD scholarships at prestigious U.S. universities, including Harvard, MIT, and Stanford, this initiative provides a total of €325,000 in funding for aspiring scholars. Employee Initiatives: 11th Summer School Scholarships: Offering twenty scholarships for UniCredit employees to attend summer courses in economics, finance, banking, management engineering, political science, law, and related fields at prestigious institutions, such as the Barcelona School of Economics and the London School of Economics and Political Science. The total funding of €70,000 is available, with applications open until March 15, 2025.   All proposals are available on UniCredit Foundation website.   “Education is one of the most powerful tools for self-development and is fundamental to helping people achieve their ambitions. The UniCredit Foundation is proud to be empowering young people by supporting their journeys from school to university and employment, so they can give back to their communities using the skills and knowledge they have acquired. This unprecedented investment of over €4 million in one year alone is enabling the UniCredit Foundation supports the progress of Europe by empowering its next generation, building a better tomorrow for all”, said Andrea Orcel, CEO of UniCredit and Chairman of UniCredit Foundation.   By leveraging partnerships with more than 50 esteemed universities and a robust academic network developed over two decades, UniCredit Foundation is dedicated to nurturing Europe’s brightest talents. To date, the Foundation has positively impacted over 10,000 young people across the continent, delivering effective solutions to today’s educational and social challenges.     Milan, 19 December 12024   Contacts Media Relations E mail: mediarelations@unicredit.eu

  UniCredit announces that the cancellation of No. 85,556,650 treasury shares, without reduction of the share capital, was ordered today in execution of the resolution passed by the Shareholders' Meeting on 12 April 2024.   The number of cancelled shares is equal to the sum of the shares purchased in execution of the “Third Tranche of the 2023 Buy-Back Program” which was completed on 19 August 2024, and not previously cancelled, and the shares purchased in execution of the “2024 SBB Anticipation”, which was completed on 14 November 2024.   The Bank's share capital, which amounts to € 21,367,680,521.48, is now divided into No. 1,551,419,850 shares with no nominal value.   The notarial deed of cancellation of such treasury shares has been filed today with the Company Register.   Below is the change in the number of UniCredit shares as a result of the cancellation:  

  Today UniCredit has entered into new financial instruments relating to Commerzbank shares, in line with its previously stated ambition to reach a 29.9% stake.   UniCredit’s overall position now totals circa 28%, of which 9.5% through a direct stake and circa 18.5% through derivative instruments.   UniCredit has submitted the necessary regulatory filings to acquire a stake in Commerzbank in excess of 10% up to 29.9%. The authorization process is now activated, and interactions with authorities ongoing.   UniCredit’s average entry price for the entire position is below current trading levels and fulfills the full financial metrics that we have committed to our shareholders to abide by.   UniCredit’s economic exposure is almost fully hedged, displaying prudency in approach and providing full flexibility and optionality.   This move reinforces UniCredit’s view that substantial value exists within Commerzbank that needs to be crystalized. It reflects the belief in Germany, its businesses and its communities, and the importance of a strong banking sector in powering Germany’s economic development.   The position remains at this time solely an investment and does not have any impact on the public exchange offer with Banco BPM.   The primary focus for UniCredit’s management team remains on the continued execution of UniCredit Unlocked and the delivery of sustainable profitable growth and distributions for shareholders. Indeed, this is where UniCredit continues to believe it can extract the most value for all its stakeholders.   Milan, 18 December 2024   Contacts Media Relations: e-mail MediaRelations@unicredit.eu Investor Relations: e-mail InvestorRelations@unicredit.eu

  The bank taking part in “RiParto”, to support mothers’ return to work and promote work-life balance. The program is latest element of UniCredit’s Welfare Reconnect dedicate to wellbeing of employees, Welfare Reconnect   UniCredit joins “RiParto”, public project dedicated to mums. The program, is dedicates to companies that want to introduce new welfare projects, supports mums who return to work and promotes work-life balance. This represents a fundamental objective in UniCredit's strategy and is in line with the caring plan dedicated to employees.   The new welfare services will be introduced in 2025. New mothers will have a one-off voucher of up to 1,000 euros, which they can use to reimburse babysitting and nursery costs; they will also be able to access a new online channel, through which they can benefit from services such as psychological support, obstetric and pedagogical consultancy, as well as career counselling, which will make their return to corporate life easier.   This initiative increases UniCredit's company welfare offer, Welfare Reconnect, aimed at protecting purchasing power, neutralizing gender disparities, improving the reconciliation between personal and professional life of employees, and promoting individual well-being, organizational well-being, and social well-being.   The Welfare Reconnect program - articulated in the length of purchasing power, education, and well-being - demonstrates how UniCredit continues to invest in people’s Caring, with solutions that generate positive impacts also on family members (with parenting and caregiving initiatives) and on the communities, in an integrated welfare system.   This commitment is realized through constant dialogue with the Welfare Commission and the Trade Union Organizations and has seen important external awards, such as MF Innovation Award, HRC Award and Global Welfare Score 2024.   Milan, 16 December 2024     Contacts   Media Relations E mail: MediaRelations@unicredit.eu      

  NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION     VOLUNTARY PUBLIC EXCHANGE OFFER LAUNCHED BY UNICREDIT S.P.A. ON ALL ORDINARY SHARES OF BANCO BPM S.P.A.   ***   PRESS RELEASE   pursuant to article 37-ter, paragraph 3 of the CONSOB Regulation no. 11971 of 14 May 1999   FILING OF THE OFFER DOCUMENT WITH CONSOB     Milan, 13 December 2024 – Pursuant to and for the purposes of article 102, paragraph 3, of the Consolidated Law on Finance and Article 37-ter of the Issuers’ Regulation, UniCredit S.p.A. (the “Offeror”) hereby communicates that, today, it has filed with the Italian National Commission for Companies and the Stock Exchange (Commissione Nazionale per le Società e la Borsa) (“CONSOB”) the offer document (the “Offer Document”) relating to the voluntary exchange offer (the “Offer”) launched pursuant to Articles 102 et seq. of the Consolidated Law on Finance over all the ordinary shares of Banco BPM S.p.A. (“BPM” or the “Issuer”), a company whose shares are traded on Euronext Milan (“Euronext Milan”), a regulated market organized and managed by Borsa Italiana S.p.A., i.e. a total of maximum 1,515,182,126 ordinary shares of BPM (“BPM Shares”).   As consideration for the Offer, UniCredit will offer 0.175 newly issued ordinary shares of the Offeror, with no par value, regular dividend entitlement and the same characteristics as the UniCredit ordinary shares already outstanding on the issue date, which will be listed on Euronext Milan, on the Official Market (Amtlicher Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse), managed by Deutsche Boerse AG, as well as on the Warsaw Stock Exchange (Giełda Papierów Wartościowych w Warszawie SA), for BPM Share tendered to the Offer (the “Consideration”).   Therefore, for each 1,000 BPM Shares tendered in the Offer, 175 newly issued ordinary shares of the Offeror will be offered in exchange.   On the basis of the official price of the Offeror’s shares on 22 November 2024 (last trading day preceding the Offeror’s notice given pursuant to article 102, paragraph 1, of the Consolidated Law on Finance and article 37 of the Issuers’ Regulations, the “102 Notice”) equal to Euro 38.0411 (the “UniCredit Reference Price”), the Consideration evidences a valuation equal to Euro 6.657 (rounded to the third decimal place) for each Issuer’s Share (the “BPM Reference Price”) and therefore incorporates a premium equal to:     (a)                0.5% compared to the official price of the Issuer’s Shares on 22 November 2024, (equal to Euro 6.626); and (b)                14.8% compared to the official prices of the Issuer’s Shares on 6 November 2024 (equal to Euro 6.408) prior to the announcement of the voluntary tender offer by Banco BPM Vita S.p.A., in concert with BPM, on all the ordinary shares of Anima Holding S.p.A.   The Offer Document will be published following the completion by CONSOB of its approval procedure, pursuant to article 102, paragraph 4, of the Consolidated Law on Finance.   The Offeror further announces that it has today submitted to the competent authorities the notices and/or applications and/or pre filings for authorization required by the regulations applicable to the Offer.   Pending the publication of the Offer Document, full reference should be made to the 102 Notice, whereby on 25 November 2024 the Offeror notified CONSOB and disclosed to the public its decision to launch the Offer, and which sets out the legal requirements, terms, conditions and essential elements of the Offer.   The Offer is launched in Italy, as the BPM Shares are listed exclusively on the Euronext Milan, and is addressed, on a non-discriminatory basis and on equal terms, to all the shareholders holding BPM Shares. The Offer has not and will not be made to the public in the United States and has not been and will not be made in Canada, Japan, Australia and any other jurisdiction where making the Offer or participating in the tender would not be in compliance with financial or other laws and regulations of any such jurisdiction, or would require prior registration, approval or filing with any regulatory authority. Such jurisdictions, including the United States, Canada, Japan and Australia are referred to as the “Excluded Countries” in the Offer Document. The Offer has not been and will not be made by using national or international media of communication or commerce of the Excluded Countries (including, by way of example, the postal network, fax, telex, e-mail, telephone and internet), and neither has been or will be made through any network of any of the Excluded Countries’ financial intermediaries, or in any other way. No actions have been taken or will be taken to allow the making of the Offer in any of the Excluded Countries. However, the Offeror reserves the right to extend the Offer in the United States exclusively to certain professional investors who qualify as Qualified Institutional Buyers, as defined in Rule 144A under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act’), by way of a private placement in compliance with United States federal laws and regulations concerning the offer of financial instruments and with United States laws concerning tender offers, insofar as applicable. Such potential extension of the Offer in the United States would occur by way of a separate offer document restricted to Qualified Institutional Buyers.   This announcement, as well as a copy of the 102 Notice, is published on the Offeror’s website (www.unicreditgroup.eu).   It should also be noted that, in order to provide information relating to the Offer, as from 16 December 2024, Sodali, as Global Information Agent for the Offer, shall make available to all BPM's shareholders both a dedicated e-mail address (ops.bancobpm@investor.sodali.com) and  telephone numbers for calls from Italian landlines (800 126 341) , from mobiles and abroad (+39 06 85870096), and for WhatsApp (+39 340 4029760), all active from 9:00 to 18:00 CET on weekdays.   ** ** **   UniCredit CEO Andrea Orcel said: “We consider our initial offer to Banco BPM shareholders to be fair and appropriate, delivering a ca.15-20% premium to the share price of Banco BPM before it was positively impacted by the expectation of its closing in full its offer for Anima and additional M&A speculation.    Also, based on the closing price of last night, Banco BPM is trading at a c. 31% premium to UniCredit on a 2025 consensus P/E basis and a c. 44% premium on a 2026 consensus P/E basis, notwithstanding what we believe to be UniCredit’s far greater resiliency and diversification going into a challenging year and 2x higher total distribution yield.   We remain committed to our disciplined approach to all M&A, with any transaction having to prove strategic fit and meeting or exceeding our core financial metrics: it must be value accretive to our shareholders and favorably compare to our alternative of buying back our own stock. Those metrics must be met for any transaction to be successful.    Our share offer for Banco BPM allows shareholders to participate in a great value creation through the realization of efficiencies and synergies while benefitting from a 2x higher distribution yield in 2025 and increasing that positive gap going forward.   UniCredit has and we expect shall continue outperforming all peers, thanks to strong geographical diversification towards attractive countries, high quality revenues, superior operational and capital efficiency as well as investment capacity, an unrivalled capital position and the ability to weather the uncertain environment better than any peer.    Given the robustness of our approach, premium put forward and the situation remaining the same to that existing at the time of our original offer, we are moving forward at such terms.  We are in continuous discussions with all relevant stakeholders.   We fundamentally believe in the strategy that underpins UniCredit.  A strategy that has delivered consistently over 15 quarters. Our focus has always remained the execution of our vision, our strategy and our plan. M&A is a potential value adding growth accelerator, but only if based on the right metrics”.     1Source: FactSet official price (VWAP)