Pan-European lender continues to enhance offering for individual clients     UniCredit has partnered with Blackstone, a global leader in alternative asset management, to distribute the Blackstone Private Equity Strategies Fund (BXPE) to its wealth clients in Italy.   BXPE is an actively managed semi-liquid open-ended alternative investment fund which provides qualified investors with broad exposure to the entire breadth of Blackstone’s private equity platform across a diversified portfolio of high-growth companies.   The strategy encompasses the asset manager’s investments across corporate private equity, tactical opportunities, secondaries, life sciences, and growth investing.   At the same time, the partnership seeks to lower the private equity market’s historically high barriers to entry by providing access to Blackstone’s diverse platform through a single fund, which aims to deliver robust returns through a flexible structure.   UniCredit's Wealth Management clients in Italy can subscribe to BXPE from December 3, 2024.   Renato Miraglia, Head of Wealth Management at UniCredit Italy, said: “We are delighted to broaden our partnership with Blackstone, with BXPE providing our wealth clients with the opportunity to diversify their portfolios through direct exposure to private equity investments. We will continue to build our business around clients – striking the best possible partnerships to improve their options.”   Andrea Valeri, Chairman of Blackstone Italy, said: “We have already observed significant interest from individual investors in Italy looking to diversify their investment portfolios into asset classes that were once exclusive to institutional investors. By expanding our partnership with UniCredit to include private equity, we can further expand our distribution capacity via a trusted partner to meet this demand.”   Rashmi Madan, Head of EMEA for Blackstone Private Wealth Solutions, added: “This is the next step in the expansion of Private Wealth Solutions in Italy, as we continue to execute against our strategy to provide individual investors across Europe with greater access to institutional quality solutions. The fund leverages our extensive experience and expertise in private equity investing, allowing investors to access a diversified portfolio of high-growth companies while aiming to deliver attractive returns.”   Milan, 4 December 2024   For further information, please contact: mediarelations@unicredit.eu    

  UniCredit notes the announcements made today by the European Banking Authority (EBA) and the European Central Bank (ECB) regarding the information of the 2024 EU-wide Transparency Exercise and fulfilment of the EBA Board of Supervisors’ decision.   Background 2024 EU-wide Transparency Exercise   The EBA Board of Supervisors approved the package for the 2024 EU-wide Transparency Exercise, which since 2016 is performed on an annual basis and published along with the Risk Assessment Report (RAR). The annual transparency exercise will be based solely on COREP/FINREP data on the form and scope to assure a sufficient and appropriate level of information to market participants.   The templates were centrally filled in by the EBA and sent afterwards for verification by banks and supervisors. Banks had the chance to correct any errors detected and to resubmit correct data through the regular supervisory reporting channels, and to add specific information as required for further clarify individual data.   The 2024 Transparency exercise covers four reference dates: 30th September and 31st December 2023, 31st March and 30th June 2024.   Milan, 2nd December 2024     Enquiries   Investor Relations e mail: investorrelations@unicredit.eu   Media Relations e mail: mediarelations@unicredit.eu

  Fitch Ratings has affirmed UniCredit SpA’s Long-Term Issuer Default Rating (IDR) and Senior Preferred rating at ‘BBB+’ with a positive outlook.   The rating therefore remains one notch above the Italian sovereign.   The rating action follows UniCredit’s exchange offer on Banco BPM. Fitch Ratings expects that a potential transaction with Banco BPM would not alter the group’s credit profile to an extent that would affect its ratings.   All other ratings on UniCredit SpA were also affirmed by the rating agency.   For further details please refer to Fitch Ratings’ corresponding press release on the website of the rating agency: www.fitchratings.com   Milan, 2 December 2024     Contacts Media Relations: e-mail MediaRelations@unicredit.eu Investor Relations: e-mail InvestorRelations@unicredit.eu

  Against backdrop of COP29, pan-European bank urges collaboration on new solutions and alternative models, as it brings together colleagues, clients and leading ESG experts to tackle the challenges of the green transition   On 14th November, UniCredit hosted its second ESG Day – A challenged future: choosing the path ahead. The one-day event saw more than 13,000 participants join in either online or in person across ten different Group locations.   Attendees including clients, partners, employees and other stakeholders, alongside a host of renowned ESG experts, engaged in a series of impactful discussions covering the full spectrum of ESG topics.   The event spanned three roundtable panels and a joint interview, all moderated by CNBC’s Silvia Berzoni, and featuring appearances from UniCredit CEO and Head of Italy, Andrea Orcel, and Head of Group Strategy & ESG, Fiona Melrose. There were also keynote speeches from philosophers Andrea Colamedici and Maura Gancitano, Founders of the Tlon Project, and Dieter Helm, Professor of Economic Policy University of Oxford.   One of the key takeaways was the need to be “brutally realistic” about the current environmental scenario. More than three decades on from the publication of the Brundtland Report in 1987, the global economy is still around 80% dependent on fossil fuels – and that 80% is of a much larger world energy demand. This problem is compounded by continued depletion of the world’s biodiversity and carbon sinks.   The introductory speech from Tlon saw a reprise of last year’s theme of “cathedral thinking”, whilst at the same time, encouraging a gardener’s mindset – understanding that everything is interconnected and every action has long-term consequences. We must move away from controlling nature to collaborating with it.   The first session focused on “The social dilemma: how climate change and technology are reshaping society?”, recognising the “S” component as a fundamental lever for a just and fair transition. The panellists also highlighted eco-anxiety as something that can be channelled into concrete community actions to build resilience. To harness this, companies must define clear ecological values that reflect those of their workers.   This was followed by a session entitled “A zero-sum game? Solving sustainability trade-offs”, which highlighted the need to manage conflicting interests as part of the transition, with meaningful action often requiring a delicate balancing act between environmental, social and biodiversity issues. There’s no silver bullet for this difficult situation; firms will have to take a nuanced approach, taking into account their own unique and complex contexts, to drive gradual progress with a clear governance. As the panellists noted, it’s important to be realistic about what is being sacrificed for what.   The next session was focused on practical steps forward in the face of these challenges: “The way forward: from responsibility to response-ability”, which focused on the importance of establishing alternative models and approaches in order to foster more sustainable ways of doing business. Examples included service providers tracking consumer behaviour and offering rewards such as better pricing for customers that demonstrate sustainable tendencies. Similarly, this approach could be applied to investors, with creditors who contribute to a company’s sustainability goals earning a better return.   The event also provided a moment for the bank to formally launch the workers’ stream of its Skills for Transition programme, which delivers strategic training to the workforce of companies expected to be impacted by the green transition – helping them to develop the skills they need to meet the demands of a changing environment whilst generating a measurable social impact. Fully funded by UniCredit, the programme spans six UniCredit Group countries: Italy, Germany, Bulgaria, Czech Republic, Slovakia and Romania, delivering specific learning paths via a digital platform and in workers' local languages.   Commenting on the event, Fiona Melrose, Head of Group Strategy & ESG, UniCredit, said, “The road to transition is not straightforward; it's littered with complexities and trade-offs. But it's a road that we all walk together. That's why it was so energising to have a room full of clients for our second ESG Day, tackling the tough questions and adding value by sharing concrete actions that we can all take. We must be realistic about the difficult scenario we face, but that doesn't mean we can't be optimistic, as sustainability and environmental transition also allow us to rethink the way we do things.”   More information on the themes discussed on the day can be found in this white paper, produced in advance of the event to serve as framing content, whilst more details on the event itself – including a full recording of the sessions – can be found on the dedicated ESG Day website.   More information on the bank’s Skills for Transition programme can be found here.     Milan, 28 November 2024   For further information, please contact: mediarelations@unicredit.eu

  The rating agency Moody’s has affirmed UniCredit SpA’s Senior Preferred (unsecured) debt and long-term deposit ratings at Baa1, with a stable outlook.   According to the agency, should the acquisition of Banco BPM be finalized, the creditworthiness of UniCredit would remain broadly stable.   The affirmation also reflects the rating agency’s assessment that the acquisition of Banco BPM would not prevent UniCredit’s potential acquisition of Commerzbank AG.   Moody’s reaffirms that, in the event of UniCredit acquiring Commerzbank, it will consider the potential for UniCredit's stand-alone rating (Baseline Credit Assessment) currently at baa3 to be upgraded to baa2, one notch above Italy's sovereign rating. This would lead to higher ratings on senior non-preferred and junior debt as well.   For further details please refer to the corresponding press release on the website of the rating agency: www.moodys.com   Milan, 27 November 2024     Contacts Media Relations: e-mail MediaRelations@unicredit.eu Investor Relations: e-mail InvestorRelations@unicredit.eu