Minutes - UniCredit Group

Notary’s Register no. 7037 Serial no. 4878
MINUTES OF THE ORDINARY AND EXTRAORDINARY
SHAREHOLDERS' MEETING OF
"UniCredit, società per azioni"
ITALIAN REPUBLIC
On the twenty-ninth day of April of
the year two thousand and eleven
at 10.30 am
In the city of Rome at no. 180 Viale Umberto Tupini
29 April 2011
On the request of "UniCredit, società per azioni", the Hol-
Registrato a Albano Laziale
il 23/05/2011
ding Company of the UniCredit Banking Group, a member of the
N. 3492
Register of Banking Groups, code no. 3135.1, and of the In-
Serie 1/T
terbank Deposit Protection Fund, with registered offices in
Euro 168,00
Rome, at no. 16 Via Alessandro Specchi, and Head Office in
Milan,
on Piazza Cordusio, with share capital of Euros
9,649,245,346.50, fully paid-up, membership number in the Ro-
me Trade and Companies Register and Tax Code, VAT number
00348170101 (R.E.A. RM 1179152).
I, Mr SALVATORE MARICONDA, Notary Public resident in Genzano
di Roma, a registered member of the Notary District Boards of
Rome, Velletri and Civitavecchia, did on the aforesaid day
and time go to Rome, no. 180 Viale Umberto Tupini, to assist
and draw up the minutes of the resolutions taken by the sha-
reholders of the requesting company as called at the afore-

said premises, at 10.30 am in second call for the ordinary
session and in third call for the extraordinary session since
the necessary attendance quorum was not reached on the date
set for the first call of the ordinary and extraordinary ses-
sions, at 6.00 pm on 27 April 2011 at Palazzo de Carolis, no.
16 Via Alessandro Specchi in Rome, as per the deed under my
hand and seal on 27 April 2011, Notary’s Register no. 7027,
in the process of being registered, and since the necessary
attendance quorum was not reached on the date set for the se-
cond call of the extraordinary meeting, called for 28 April
2011 at 9.00 am in the same place, as per the deed under my
hand and seal on 28 April 2011, Notary’s Register no. 7028,
in the process of being registered, in order to discuss and
resolve the following
Agenda:
Ordinary part
1. Presentation of the financial statements as at 31 Decem-
ber 2010, accompanied by the Directors’ and audit firm’s re-
ports; Report from the Board of Statutory Auditors. Presenta-
tion of the consolidated financial statements;
2. Allocation of the net profit of the year;
3. Appointment of a Director for integration of the Board of
Directors, after reducing the number of Board members from 23
to 22;
4. Redefinition of the total compensation due to the Direc-

tors who are members of Board Committees and other Company’s
bodies;
5. Integration of hours and fees of the audit firm KPMG
S.p.A. for the 2011 and 2012 financial years;
6. The Company’s absorption of the cost of remuneration due
to the Savings Shareholders’ Common Representative;
7. UniCredit's Regulations governing general meetings: a-
mendment to Clauses 1, 2, 3, 4, 5, 7, 8, 9, 10, 11, 12, 16
and 17; Extraordinary removal of Clauses 18 and 19 and conse-
quent renumbering of subsequent clauses; amendment of current
Clause 22 (to be renumbered as Clause 20);
8. Group compensation policy;
9. 2011 Group compensation practices;
10. UniCredit Group's 2011 employee share ownership plan.
Extraordinary part
1. Amendments to Clauses 1, 2, 3, 5, 6, 7, 8, 9, 10, 11, 12,
13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27,
28, 29, 30 and 32 of the Articles of Association;
2. Delegation to the Board of Directors, pursuant to Article
2443 of the Italian Civil Code, of the authority to resolve,
on one or more occasions and for a maximum period of five
years starting from the date of the shareholders’ resolution,
and to carry out a free share capital increase, as allowed by
Article 2349 of the Italian Civil Code, for a maximum nominal
amount of Euros 103,000,000 corresponding to a maximum of

206,000,000 ordinary shares in UniCredit with a par value of
Euros 0.50 each, to be assigned to the employees of the Hol-
ding Company and of Group banks and companies who hold posi-
tions of particular importance for the purposes of achieving
the Group’s overall objectives; consequent amendments to the
Articles of Association
3. Delegation to the Board of Directors, pursuant to Arti-
cle 2443 of the Italian Civil Code, of the authority to re-
solve, on one or more occasions and for a maximum period of
five years starting from the date of the shareholders’ reso-
lution, and to carry out a paid increase in share capital,
though not via pre-emption rights, as allowed by Article
2441, paragraph eight of the Italian Civil Code, for a maxi-
mum nominal amount of Euros 34,000,000, to service the exer-
cise of rights regarding the subscription of a maximum of
68,000,000 UniCredit ordinary shares with a par value of Eu-
ros 0.50 each, to be reserved for the employees of the Hol-
ding Company and of Group banks and companies who hold posi-
tions of particular importance for the purposes of achieving
the Group’s overall objectives; consequent amendments to the
Articles of Association.
Upon entering the meeting hall I acknowledged the presence at
the Chairman’s table of Mr Dieter RAMPL, born in Munich (Ger-
many) on 5 September 1947 and domiciled for the purposes of
the office hereunder in Milan on Piazza Cordusio, the Chair-

man of the requesting company, who in such capacity, pursuant
to Clause 15 of the Articles of Association, assumed the
chair of the meeting.
Mr Rampl, whose personal identity is known to me, Notary, ap-
pointed me, Notary, with the shareholders’ approval, as se-
cretary to the meeting and asked to receive the minutes of
the meeting in the English language, declaring not to have a-
dequate knowledge of Italian.
Complying with the said request, I, Notary, specified that
pursuant to Article 54 of the Notary Law, the original ver-
sion of these minutes would be drafted in English, a language
that is known to me, Notary, and at the foot of the same
would follow the Italian language translation; the relevant
annexes would be inserted in English with the Italian langua-
ge translation.
The Chairman duly noted that the notice of call had been pu-
blished on 28 March 2011 on the company's website, in the
newspapers Il Sole 24 ore, the Financial Times (European edi-
tion), and Frankfurter Allgemeine Zeitung, at Borsa Italiana
S.p.A. and, on 29 March 2011, in Milano Finanza.
He also reminded everyone that simultaneous interpretation
was provided for English and Italian to help all participate
in the meeting.
Consequently, it was necessary for all contributions to be
made from the speaker's stand or, at least, using the micro-

phone since the translation would not otherwise be available
and this would prevent people who had the right from taking
an informed part in the debate.
The Chairman stated that the following persons were in atten-
dance:
from the Board of Directors:
• Luigi CASTELLETTI Substitute Vice Chairman
• Vincenzo CALANDRA BUONAURA Deputy Chairman
• Fabrizio PALENZONA Deputy Chairman
• Federico GHIZZONI Chief Executive Officer
• Giovanni BELLUZZI Director
• Donato FONTANESI Director
• Francesco GIACOMIN Director
• Piero GNUDI Director
• Friedrich KADRNOSKA Director
• Marianna LI CALZI Director
• Luigi MARAMOTTI Director
• Antonio Maria MAROCCO Director
• Lucrezia REICHLIN Director
• Hans-Jürgen SCHINZLER Director
• Theodor WAIGEL Director
• Anthony WYAND Director
• Franz ZWICKL Director
• Lorenzo LAMPIANO Board Secretary
from the Board of Statutory Auditors:

• Maurizio LAURI Chairman
• Cesare BISONI Standing Auditor
• Vincenzo NICASTRO Standing Auditor
• Michele RUTIGLIANO Standing Auditor
• Marco VENTORUZZO Standing Auditor
Apologies were received from the following Directors:
• Farhat Omar BENGDARA Deputy Chairman
• Manfred BISCHOFF Director
• Enrico Tommaso CUCCHIANI Director
• Carlo PESENTI Director
The following were also present:
• Roberto NICASTRO General Manager
• Jean-Pierre MUSTIER Deputy General Manager
Pursuant to Clause 2 of the Meeting Regulations, there were
also Head Office Senior Managers and other bank personnel in-
volved in organising the meeting.
Also pursuant to Clause 2 of the same Meeting Regulations,
experts, financial analysts and accredited trade journalists
were also allowed to access the meeting in a separate room
connected via a closed-circuit audio-visual system.
Also in attendance were:
- Messers Mario Corti, Domenico Fumagalli, Paolo Valsecchi
and Giorgio Vergani representing the audit firm KPMG S.p.A.,
which was engaged to audit the company’s accounts;
- Mr Vannicelli, representing Servizio Titoli S.p.a., with

egistered office in Milan at no. 6 Via Mantegna, the company
designated by UniCredit pursuant to Article 135 (xi) of Legi-
slative Decree no. 58/98 (the "Designated Representative").
He then asked that the following be admitted as guests:
- Ms Alessandra Stefanoni from the Economics faculty at the
University of Viterbo (Tuscia) and her students Valentina
Sabbatini, Mirko Di Leo, Elisa Pianura and Damiano Fioretti,
who had asked to be allowed to observe proceedings.
The Chairman informed the meeting that pursuant to Clause 3,
paragraph 3 of the Meeting Regulations, the meeting was being
filmed and recorded.
The Chairman then stated that the company’s share capital a-
mounted to Euros 9,649,245,346.50 , made up as follows:
- Euros 9,637,125,855 represented by 19,274,251,710 ordinary
shares;
- Euros 12,119,491.50 represented by 24,238,983 savings sha-
res, whose holders were not entitled to vote or attend the
meeting, in accordance with Clauses 5 and 12 of the Articles
of Association.
In accordance with Article 145 of the "Consolidated Law on
Finance", the portion of share capital represented by savings
shares was not counted for the purposes of computing the mee-
ting’s attendance and voting quorums.
Next, the Chairman stated that:
- the compliance of the proxies with the provisions of Arti-

cle 2372 of the Italian Civil Code and Articles 136 (ix) and
136 (xi) of the "Consolidated Law on Finance" had been veri-
fied;
- there were currently 7,674,617,428 ordinary shares repre-
sented in the meeting hall, corresponding to 39,817979% of
the ordinary share capital represented by 48 persons holding
voting rights either directly or via proxy, made up as fol-
lows: 36 holders of voting rights were in attendance in per-
son and 2,204 holders of voting rights were represented by
proxy. He clarified that 4 of the holders of voting rights
had given their proxy, pursuant to Article 135 (xi) of Legi-
slative Decree no. 58/98, to the Company's Designated Repre-
sentative.
The Chairman thus declared the meeting to be duly established
and able to pass valid resolutions on the items on the agenda
in accordance with the law and the Articles of Association.
He then indicated that:
- based on the contents of the Register of Shareholders, as
updated for notices received pursuant to the law and for
checks carried out for the purposes of admission to voting,
the Register of Shareholders currently reported a total of
nearly 485,000 shareholders;
- the following shareholders held over 2% of voting share ca-
pital either directly or indirectly and had given the notifi-
cations required by existing primary legislation and regula-

tions:
MEDIOBANCA S.P.A., holding 1,031,986,580 ordinary shares, e-
quating to 5.354% of the ordinary share capital, including
967,564,061 ordinary shares without voting rights, equating
to 5.020% of the ordinary share capital, underlying the Con-
vertible and Subordinated Hybrid Equity-linked Securities
(CASHES) with a usufruct right in favour of UniCredit S.p.A.
and a pledge in favour of the Bank of New York, the issuer;
Aabar Luxembourg Sarl, holding 962,000,000 ordinary shares,
equating to 4.991% of the ordinary share capital;
Central Bank of Libya, directly holding 859,579,143 ordinary
shares, equating to 4.460% of the ordinary share capital and,
through the Libyan Foreign Bank, holding 101,842,731 equating
to 0.528% of the ordinary share capital for a total amount e-
quating to 4.988% of the ordinary share capital;
Fondazione Cassa di Risparmio di Verona Vicenza Belluno e An-
cona, holding 811,550,000 ordinary shares, equating to 4.211%
of the ordinary share capital;
BlackRock Inc.,
holding 775,638,495 ordinary shares, equating
to 4.024% of the ordinary share capital;
Fondazione Cassa di Risparmio di Torino, holding 639,734,920
ordinary shares, equating to 3.319% of the ordinary share ca-
pital;
Carimonte Holding S.p.A., holding 557,706,383 ordinary sha-
res, equating to 2.894% of the ordinary share capital;

Libyan Investment Authority, holding 500,000,000 ordinary
shares, equating to 2.594% of the ordinary share capital;
Gruppo Allianz, holding 393,825,802 ordinary shares, equating
to 2.043% of the ordinary share capital.
A copy of the documentation relating to this meeting had been
filed at the company's registered office and its head office,
made available to the public at Borsa Italiana S.p.A., publi-
shed on the Company’s website and sent to CONSOB in accordan-
ce with existing legislative and regulatory provisions.
Pursuant to Clause 17 of the Meeting Regulations, the Chair-
man stated that voting would take place through a computeri-
sed system using the terminals ("televoter") in possession of
each shareholder.
The folder received on admission contained
instructions on how to use the voting terminal.
The Chairman asked the shareholders to make sure they had
read those instructions.
He then stressed that voters should cast their votes for eve-
ry ballot, only once they had been asked to do so, by pres-
sing the corresponding button on the "televoter" and then
confirming their choice by pressing the "OK" button. If the
device failed to work as described, voters were invited to
contact the personnel on hand in the hall to provide assi-
stance with this and any other needs. Proxy holders and re-
presentatives of fiduciary companies needing to cast diffe-
rent votes at each ballot should inform the notary of this

equirement and cast their votes at the specific "assisted
voting stations" set up for this purpose.
The electronic system used to record the number of persons
present and votes cast produced the following documents,
which were signed by the Chairman and myself, Notary, and
then appended to the meeting's minutes:
- lists of shareholders present in person and by proxy, lists
that specify the names of person who arrived later or who
left the meeting hall;
- separate lists for the different types of vote cast.
Having concluded these essential opening remarks and before
turning to the meeting agenda, the Chairman indicated that
following documents had been made available to shareholders
and the market (including through publication on the Compa-
ny’s website):
- the Report on corporate governance and ownership structures
and
- the document made available to the market entitled "Infor-
mation on the 2011 compensation systems based on financial
instruments for UniCredit Group employees" drawn up according
to Consob Issuers Regulation no. 11971/99 and concerning the
shared-based incentive plans to be submitted to the Sharehol-
ders’ meeting on that day.
These reports – providing the shareholders with a detailed
presentation of the matters on hand – were contained in the

folder the shareholders received on admission.
The Chairman then said that those shareholders who had formu-
lated questions on matters on the agenda pursuant to Article
127 (iii) of the Consolidated Law on Finance using the met-
hods indicated in the meeting notification, had received re-
plies directly.
The Chairman then turned to the agenda.
Given the close connection between the approval of the ac-
counts and the allocation of net profit, the Chairman propo-
sed that items 1 and 2 on the agenda be dealt with together,
although he did stress that two different resolutions would
be submitted for approval:
Items 1 and 2 on the agenda
"Presentation of the financial statements as at 31 December
2010, accompanied by the Directors’ and audit firm's reports;
Report from the Board of Statutory Auditors. Presentation of
the consolidated financial statements."
"Allocation of the net profit of the year"
Since there were no objections to the Chairman's proposal, he
called on the Chief Executive Officer, Mr Federico GHIZZONI,
to provide an overview, using slides, of the key points re-
garding the accounts, the related directors' report and the
proposed allocation of profits. Providing there were no o-
bjections, he said he would not read out the documents in
their entirety since a copy of the draft accounts and the

directors' report had been included in the folder given to
shareholders and sent in advance to all those shareholders so
requesting, as well as being published and being made availa-
ble for inspection at the company's registered office and its
head office in the manner and terms required by law.
The operating results were then presented along with the most
important issues regarding the Group's consolidated accounts.
Mr Elman ROSANIA
then took the floor and asked that the docu-
mentation regarding the accounts be read in full. The mee-
ting, with a unanimous vote of all those holding voting
rights, rejected the proposal made by Mr Elman ROSANIA.
The Chairman then gave the floor to the Chief Executive Offi-
cer (CEO), Mr Federico GHIZZONI.
The CEO, who referred to various slides during his presenta-
tion, provided an overview of the company's accounts and the
consolidated accounts for the Group as well as explaining the
proposed allocation of net profits.
The presentation used by the CEO regarding the accounts and
the allocation of profit, entitled "UNICREDIT GROUP FY10 RE-
SULTS", is annexed to these minutes.
The Chairman then took the floor again to ask CEO GHIZZONI to
provide the disclosure required by CONSOB in communication
no. 3558 of 18 April 1996 concerning the requirements for
companies appointed to audit the accounts.
The CEO took the floor once more and noted that the Sharehol-

ders' Meeting on 10 May 2007 had approved the proposal, pre-
sented by the Board of Statutory Auditors, to extend KPMG's
appointment, for 2007-2012, to audit the Company's accounts,
the consolidated ones of the Group and the first half report
as well as to perform the continuous accounting controls. He
added that the Board of Directors, in its meeting on 12 Fe-
bruary 2009, had approved the proposal, presented by the
Board of Statutory Auditors, to increase the fees paid to
KPMG for the period 2009-2012 (net of out-of-pocket expenses,
regulatory fees and VAT) as per the hourly rates agreed on at
the time when the appointment was extended and adjusted on
the basis of ISTAT. The annual expenses were as follows:
- Euros 267,084 for the annual accounts and the continuous
accounting controls (corresponding to 2,150 hours);
- Euros 497,984 for the consolidated accounts (corresponding
to 3,550 hours);
- Euros 176,704 for the limited audit of the half-year report
(corresponding to 1,300 hours)
to which specific fees related to the international branches
needed to be added:
- Euros 31,124 for the London Branch's accounts (correspon-
ding to 200 hours);
- Euros 65,260 for the New York Branch's accounts (correspon-
ding to 400 hours);
- Euros 22,088 for the Hong Kong branch's accounts (corre-

sponding to 180 hours);
- Euros 15,060 for the Madrid branch's accounts (correspon-
ding to 100 hours);
- Euros 15,060 for the Paris Branch's accounts (corresponding
to 100 hours).
He then informed the shareholders that KPMG S.p.A, due to the
extraordinary operations involving the company (One4C project
with the merger, dated 1 November 2010, of what were UniCre-
dit Banca S.p.A., UniCredit Banca di Roma S.p.A., Banco di
Sicilia S.p.A., UniCredit Corporate Banking S.p.A., UniCredit
Private Banking S.p.A., UniCredit Family Financing Bank
S.p.A. and UniCredit Bancassurance Management & Administra-
tion S.c.r.l. into UniCredit S.p.A. and the reorganisation of
the foreign branches) had estimated that, for the 2010 finan-
cial year, the number of hours would increase to 40,820.
He then specified that this increase concerned the audit of
the accounts (37,850 hours corresponding to Euros 5,632,916)
and the consolidated accounts (2,750 hours corresponding to
Euros 402,016) as well as the limited audit of the internal
accounts of the foreign branches (220 hours corresponding to
Euros35,408).
The new fees, including the aforementioned increases, had
been defined by KPMG for the 2010 financial year (net of
out-of-pocket expenses, regulatory fees and VAT) as follows:
- Euros 5,900,000 for the annual accounts and the continuous

accounting controls (corresponding to 40,000 hours);
- Euros 900,000 for the consolidated accounts (corresponding
to 6300 hours);
- Euros 184,000 for the partial audit of the internal ac-
counts of the international branches (London, New York, Mu-
nich and Shanghai) (corresponding to 1,200 hours).
The Accounting and Internal Audit offices had reviewed, sepa-
rately and for their respective areas of competence, the pro-
posal and determined, before submitting it to the Board of
Directors, that it fitted the new company scenario. The Board
had decided that the KPMG S.p.A.'s request to amend the audit
contract was justified and consistent and that it complied
with the contractual clauses, thus it had approved the re-
quest on 22 March 2011.
Finally, to complete the disclosure, the CEO provided details
of the total number of hours and the related invoice from
KPMG S.p.A. for:
1. the audit of company and consolidated accounts as at 31
December 2010;
2. the partial audit of the half year report as at 30 June
2010.
The total hours worked for auditing in 2010 were 50,000 cor-
responding to a total invoice of Euros 7,160,704, broken down
as follows:
Task no. hours required fees

Consolidated Accounts 6,700 900,000
Company's Accounts 40,200 5,900,000
Company's Accounts –
New York branch 400 65,000
Company's Accounts
- London branch 300 46,500
Company's Accounts
- Shanghai branch 100 12,500
Company's Accounts
- Munich branch 400 60,000
Half-year report 1,900 179,000
The Chairman, having taken the floor again, invited Mr Mario
Corti, a partner at the audit firm KPMG S.p.A., to read out
the report prepared under Article 156 of Consolidated Law on
Finance.
Mr Mario Corti then read the report:
"Shareholders of UniCredit S.p.A. We have audited UniCredit
S.p.A.'s financial statements as at and for the year ended 31
December 2010, comprising the balance sheet, income state-
ment, statement of comprehensive income, statement of changes
in shareholders' equity, cash flow statement and the notes
thereto. UniCredit S.p.A.’s directors are responsible for
preparing the financial statements in accordance with the In-
ternational Financial Reporting Standards endorsed by the Eu-
ropean Union and the Italian regulations implementing Article

9 of Legislative Decree no. 38/2005. Our responsibility is to
express a professional opinion on these financial statements
based on our audit.
We conducted our audit in accordance with the auditing stan-
dards recommended by Consob, the Italian Commission for Li-
sted Company and the Stock Exchange. The aforementioned stan-
dards and criteria require that we plan and perform the audit
to obtain reasonable assurance about whether the financial
statements are free of material misstatement and are, as a
whole, reliable.
The audit process involves examining, on a sample basis, the
evidence supporting the amounts and disclosures in the finan-
cial statements and includes assessing the accounting princi-
ples used and how reasonably any significant estimates made
by directors are. We believe that our audit provides a reaso-
nable basis for our professional opinion.
Reference should be made to our report dated 31 March 2010
for our opinion on the previous financial statements, which
are included for comparative purposes.
In our opinion, the Financial Statements of UniCredit S.p.A.
for the year ending 31 December 2010 are compliant with the
International Financial Reporting Standards adopted by the
European Union, as well as the advice issued pursuant to Ar-
ticle 9 of Legislative Decree no. 38/2005. Therefore, they a-
re clearly stated and provide a true and fair view of the e-

quity and financial situation, the profit & loss account and
the cash flow for UniCredit S.p.A. for the year ending on the
above date.
The responsibility for preparing the report on management and
corporate governance and ownership structures, as published
in the "Governance" section of UniCredit S.p.A.’s website, in
accordance with statutory and regulatory requirements, lies
with the Directors of UniCredit S.p.A..
Our responsibility is to express an opinion as to the consi-
stency of the management report and the information contained
in paragraph 1, letters c), d), f), l), m) and paragraph 2,
letter b), of Article 123 (ii) of Legislative Decree no.
58/98, presented in the report on corporate governance and
ownership structures along with the Financial Statements, as
required by the Law.
To this end, we conducted the procedures indicated in audit
principle No. 001, issued by the National Council of Accoun-
tants and Accounting Experts and recommended by CONSOB.
In our opinion, the management report and the information
contained in paragraph 1, letters c), d), f), l), m) and pa-
ragraph 2, letter b), of Article 123 (ii) of Legislative De-
cree no. 58/98 presented in the report on corporate governan-
ce and ownership structures are consistent with the Financial
Statements of UniCredit S.p.A. for the year ending 31 Decem-
ber 2010. Milan, 4 April 2011."

The Chairman then took the floor to ask the Chairman of the
Board of Statutory Auditors, Mr Maurizio Lauri, to read the
conclusions of the Board of Statutory Auditors’ report, but
not to read the full report, if there were no objections,
since the report was included in the folder distributed to
all present at the meeting and to all shareholders who had
requested it in advance and filed at the Company's registered
office and head office pursuant to law.
Maurizio LAURI then read the conclusions of the report from
the Board of Statutory Auditors.
"Having regard to the foregoing and all that is indicated in
the published report made available to you, the Board of Sta-
tutory Auditors, having examined the reports drawn up by the
external audit firm KPMG S.p.A., having noted the joint cer-
tification by the Chief Executive Officer and the Officer re-
sponsible for drawing up the Company’s financial statements,
within its competence, finds that there is no impediment to
the approval of the financial statements submitted by the
Board of Directors.
The Board of Statutory Auditors is of the opinion, in light
of the financial statements as at 31 December 2010 and the
revenue projections, that the allocation of net profit as
proposed by the Board of Directors does not breach any laws,
regulations or the Articles of Association.
The Chairman then took the floor again and opened the floor

to discussion, requesting that anyone who spoke state their
name and keep their contribution as succinct as possible,
bearing in mind that it was felt appropriate that no share-
holder should speak for more than 10 minutes.
As the current meeting was held in English and the minutes
would be drawn up in English with an Italian translation by
means of a notarial deed, he invited the shareholders who wi-
shed to take the floor to use either of these languages.
Mr Michel MARBOT took the floor and, as part of a general a-
nalysis of the current political and financial scenario, a-
sked what effect inflation would have on interest rates and,
as a result, on the Bank’s customers, considering for example
that which had happened in the past in Poland, where interest
rates had surged to 36%-40%.
He then continued his analysis urging the Meeting to consider
the Bank’s business and opportunities taking into account in
particular the relationships with Central and Eastern Euro-
pean countries and Arabic countries.
Then, with reference to the new Bank’s leadership and in par-
ticular, the new figure of the CEO, he expressed great confi-
dence and the utmost admiration for Mr Ghizzoni and urged him
to be the Bank’s leader by exercising his power also in de-
fence of small shareholders.
At that stage he asked when Poland would turn the corner and
asked the CEO for his vision on the subject of professional

ethics.
Shareholder Jerzy Cezary BIELEWICZ
who is also a shareholder
of Bank Pekao SA, a subsidiary of UniCredit in Poland and
President of an association for transparent markets, took the
floor.
He agreed with Mr Marbot in expressing his hope that the
Group’s policies would change as a result of the appointment
of UniCredit’s new CEO, despite noticing that no changes were
taking place in the operations of Bank Pekao SA. Indeed he
pointed out that the situation of the above bank, whose ac-
counts for 2010, featured, in his view, many an issue, may
have a negative impact on the whole UniCredit Group.
He reminded the Meeting that there were several court cases
pending linked to the so-called "Chopin Project" whose finan-
cial outcomes, were they to be upheld, would have a strong
impact in terms of propriety and appropriateness of Bank Pe-
kao SA’s accounts.
In this respect, he asked whether the UniCredit Group had ma-
de any provisions for sufficient amounts should the above
court cases have a negative outcome and whether, in order to
increase such provisions, it was in the Group’s interest if
Bank Pekao SA chose not to pay any dividends.
At this stage he asked what were the interest rates paid by
UniCredit on loans granted by Bank Pekao SA, what was UniCre-
dit’s average debt in 2010 and the debt at the beginning and

at the end of 2010 and what was the average remuneration paid
to Bank Pekao SA’s Management.
He then asked the CEO whether there was any plan to sell Bank
Pekao SA, who potential bidders would be and what was the
Bank’s position regarding possible conflicts of interest if
the previous CEO were to suggest this kind of acquisition to
potential buyers. Finally, he asked what the policy was in
regards to the Ukraine for 2011.
Shareholder Germano CASSINELLI
who called for an open exchan-
ge which the new CEO that could lead to fruitful cooperation
with small shareholders, took the floor. He expressed his fa-
vourable opinion as regards the accounts.
He pointed out that, as highlighted by the media, from a
strategic viewpoint there did not seem to be any upcoming
changes compared to the past and that, therefore, UniCredit
would continue to be a Pan-European and systemic bank: and
the shareholder fully agreed with such prospects.
However, he did express some concern regarding the size of
the net profits of the Group as recorded in the accounts,
which were lower than those achieved by a smaller Group, na-
mely Intesa Sanpaolo, despite the Group’s total assets being
far greater than those of the latter competitor. He therefore
urged the Meeting to reflect on the reasons that delivered,
despite greater business volumes, lesser profit compared to
this direct competitor. In light of this and considering the

imminent capital increase by Banca Intesa, he asked what
projects the Company had in this regard for the future.
He believed there had been some discrepancy between the si-
zeable financial benefits paid to the previous CEO Mr Profumo
and the subsequent decision to have him removed with a very
significant payout based on reasons that, in his opinion, had
not been disclosed to small shareholders.
Ho hoped that a transparent discussion could be held on the
subject and proposed that a limit should be introduced in the
corporate regulations regarding the payouts to Company execu-
tives upon their dismissal.
Shareholder Adalberto ROVEDA
took the floor and sought clari-
fication regarding the sudden decision to replace Mr Profumo.
He hoped that, over time, he could have an opportunity of
getting to better know the new CEO who he understood to be a
member of the Bank staff and an excellent and professional
individual who however, in his opinion, was not very well
known internationally.
He recalled that in the past he proposed to merge all the
banks belonging to the Group in order to do away with useless
structure duplications and simplify banking red tape with re-
sulting savings for the Bank and pointed out that currently
such a project appeared to be beginning to be implemented.
He said he was in favour of any regulatory projects aimed at
depriving Foundations of the chance to hold significant Bank

stock and doing away with the link between the Bank and the
Foundations. In this respect he maintained that the Founda-
tions should limit themselves to be third sector providers.
He criticised the objections levied at the Bank for accessing
Middle Eastern capital. In fact, such capital had allowed the
Bank to have the liquidity required to face the repayment re-
quests by account holders in November 2008.
He stated he was definitely in favour of UniCredit’s choice
to open a branch office in Sao Paulo in order to service Ita-
lian businesses operating in Brazil, stressing that this
South American nation was growing in an exponential fashion.
Going on to deal with the recent events in the sporting are-
na, he hoped that the sale of the AS Roma Football Club would
not entail an excessive loss for the Bank, and finally he was
confident that in the future the Bank would give priority to
the sponsorship of so-called minor sports rather than colos-
sal events such as the UEFA Champions League.
Shareholder Riccardo PACIFICO
who agreed with the statements
made by Mr Marbot concerning the need to turn the corner and
cease dwelling on the past, took the floor. As regards the
interim report on the quarterly operations, he asked why it
was not possible, as it happens in other companies, to relea-
se it prior to the Meeting.
He sought clarification regarding the amount of the payout to
the previous CEO Mr Profumo, who, in his opinion, should not

have been rewarded in view of the results achieved.
On the topic of UniCredit’s profitability, he pointed out
that despite a large growth of equity compared to the past,
profits had been decidedly lower and blamed this outcome on a
management approach lacking due foresight and not in line
with the approaches by other banks operating on the market.
If this was not the reason, then the shareholder wondered if
the Bank’s equity had been overvalued.
He further believed that there was a non-declared control
Group.
He sought clarifications regarding the convertible and subor-
dinated hybrid equity-linked securities ("Cashes") and, in
particular, regarding various data he had noted in the ac-
counts related to the usufruct of the shares underlying the
"Cashes" and the costs for those instruments.
He further stated that the compliance with the minimum asset
"ratios" was, in his view, too modest a goal for a Bank pur-
porting to be a leader in Europe.
Finally he expressed some concern regarding medium to long
term indebtedness – identified, based on his analysis, at ap-
proximately Euros 10/12 billion and repaid at a rate greater
than 6% - that, in his opinion, might become extremely one-
rous in view of the future evolution of interest rates.
Shareholder Francesco SANTORO
took the floor and asked for
his speech to be transcribed in full in the minutes. He went

on to read his speech as follows:
"Mr Chairman, quite a few years ago, a man named Plato, whom
I am certain even our Directors have heard of, wrote a be-
stseller entitled "The Republic", in which he claimed that
all forms of government degenerate and democracy degenerates
into demagogy, which arises whenever – in an effort to gain
or retain power – people are promised just about anything.
Mr Chairman, in this amazing country of ours, some 2400 years
later, we have managed to go one step further than Plato: we
have let democracy degenerate into something that a Senator
sitting in our Parliament somewhat coarsely described as
"whore-ocracy", which, somewhat more scientifically, could be
defined as a form of government in which the worst rule over
the best. Mr Chairman, I believe that since the days of Sin-
dona and the P2 Masonic Lodge, this Bank has emblematically
represented the financial version of this degenerated form of
the democratic system, which is why I have always attended
these general meetings, if for no other reason than to see
just how far all this will go.
Mr Chairman, I am not surprised by the things that happen at
these meetings. After the annihilation of Immobiliare Roma,
the debts of a con-man like Senator Ciarrapico being forgiven
and forgotten, and Mr Geronzi receiving a life-time achieve-
ment award, in total contempt of the law and the articles of
association. But then last year I was taken aback to hear Mr

Profumo referring to that same Mr Geronzi’s sentences as
"presumed sentences", overlooking the fact that this share-
holders’ meeting had twice before been forced to confirm its
confidence in Mr Geronzi because our Magistracy, along with
certain convictions, had also ruled that he should be banned
for life from holding directorship positions in any compa-
nies, for his "delinquent tendencies", as stated in the ru-
ling.
There is evidence that we have not yet hit rock bottom, one
of the fans of our Board of Directors is an international
criminal: Mr Geddafi.
Mr Chairman, I also wonder how a civilised country could al-
low a Board of Directors to urge investors and employees to
underwrite a capital increase while its Directors wouldn’t
touch a single share with a ten foot pole. The reason appears
more than clear: our Directors know full well that the finan-
cial statements presented every year are totally unreliable
and consequently they would never be so foolish as to invest
their money in buying our Bank’s shares. The real fools were
those who bought shares at Euros6 a pop that are now worth
less than 2. But some may recall Mr Profumo revealing that he
had underwritten quite a few shares, which, however, repre-
sented only a tiny portion of his vast wealth, and were, at
the end of the day, only fool's gold.
But let’s look at the evidence, Mr Chairman, that this year’s

accounts are just as unreliable.
In the short time I have
been given, I will mention just two pieces of evidence.
In December last year, Management Bank – one of the opera-
tional arms of our bank – sent thousands of Italian citizens
peremptory orders to pay for loans sold to mysterious inve-
stment firms named Trevi 1, Trevi 2, Trevi 3 etcetera – which
had acquired these loans using our Bank's money. Many years
later, our bank naturally sought to get its money back from
these elusive securitisation companies, which they did, and
these securitisation companies then asked for these loans to
be repaid through our bank, i.e. Management Bank, which was
acting on behalf of the sellers of the credit. Which is where
the surprises begin, Mr Chairman, because the credit that was
sold either did not exist at all or was hugely overvalued,
and to prove that things in Italy are never tragic but always
tragic-comic, one of these requests was received by my son,
who has never owed money to the bank, nor even ever been a
customer of the bank, and another was received by my wife,
who did not owe money to the bank, but indeed was owed money
BY the bank.
Mr Chairman, if this is the tip of the iceberg, which I think
it is, then our Bank should not be able to pass even the ea-
siest of stress tests.
Our Directors actually represent quite different interests to
those that they should uphold, and here lies the second piece

of evidence; some may have read in the papers a few days ago
that a wonderful investment firm, Dharma Holding, had bitten
the dust in Rome. Unbeknownst to all our various control bo-
dies, it was exporting capital offshore for Rome’s glittera-
ti, including Senator Guzzanti, the one who invented the term
"whore-ocracy".
Well, amazing as it may be, besides expor-
ting capital outside the country, this company, Dharma Hol-
ding, was also issuing certificates of deposit, therefore it
was operating as a real bank. These certificates of deposit
were apparently backed by Italian government certificates,
and deposited at UniCredit, i.e. our very own bank. What is
going on here Mr Chairman? Just prior to the collapse of
Dharma Holding, some smart-alec high up in our bank’s ranks
decided to replace the safe, payable certificates of deposit
with bonds issued by the company now on the verge of going
bust, without the approval of depositors. Now I would put the
following question to our Directors: did they safeguard the
interests of our clients or those of their friends’ friends?
I have a question for our Board of Statutory Auditors, which
some time back adopted the "See no evil, hear no evil, speak
no evil" approach: isn’t replacing safe, payable certificates
of deposit backed by government bonds, with waste paper a
crime that should be reported to the Attorney General? Thank
you. I have finished."
Shareholder Pierluigi ZILIOTTO
took the floor and said he had

concerns about the proposed capital increase that was on the
agenda; he felt that transactions involving such large sums
of money, especially free share capital increases, might de-
termine a dilution of the capital; this in turn might have a
negative impact on the share price, and the shares would be
even further penalised if they were sold.
He also stressed that it would be advisable for the agenda to
set aside time for considerations on how the share price was
performing, relevant criticalities, prospects on the Italian
and European market, and on the new corporate policy adopted
by the Bank, which had been discussed at last year’s AGM. In
this regard, he asked how the Bank’s new "customer-centric"
approach was developing: after kicking off in 2010, he wonde-
red if there was any good news to report to shareholders. He
also asked if the Bank was attracting more small and medium
sized business clients, and whether deposits by small inve-
stors were growing, or if the Group’s market share was conti-
nuing to lose ground to smaller and mid-sized local banks.
Following on from this point, he asked about UniCredit’s mar-
ket positions.
On the topic of the financial statements, the shareholder re-
marked on the decline in net interest income and deemed the
explanation – the elimination of overdraft fees (commissione
di massimo scoperto) – to be unconvincing. He also analysed
the dramatic increase in impaired loans, and the decrease in

customer deposits and customer loans. He asked for the total
market data for deposits and lending, in order to compare U-
niCredit’s disappointing performance with market trends.
He urged management not to pay monetary bonuses to the execu-
tives and officers of the various decision-making bodies re-
sponsible for the levels of indebtedness reported by compa-
nies belonging to the Biasi and Ligresti groups, asking whet-
her these companies’ debts had been systematically monitored
over time and how they had reached such high levels of indeb-
tedness.
He recommended that UniCredit’s articles of association veto
loans to the businesses of Bank directors, and felt that at
the end of the day, the whole Board of Directors was to blame
for the Bank’s rising exposure towards the aforesaid groups;
he also wanted to know what collateral had been put up.
He thought the Bank should be more systematic in restructu-
ring and re-consolidating customer debts, as it had done in
the cases mentioned earlier of small and medium sized enter-
prises in trouble but with a good chance of being rescued;
such a policy would undoubtedly generate benefits both for
the banking system as a whole and the financial and indu-
strial sectors as well.
While acknowledging that UniCredit’s shareholder meeting was
neither the right time nor the right place to do raise the
issue, he nonetheless asked if the Cariverona Foundation, one

of UniCredit’s leading shareholders, intended to replace its
current chairman, Paolo Biasi, in light of the legal issues
he was involved in.
With regard to the Board of Directors and Board of Statutory
Auditors, shareholder Ziliotto asked if any of the current
members belonged to Masonic lodges, to Opus Dei or to Comu-
nione e Liberazione, and if any of the Directors, either di-
rectly through companies they fully or partly owned, had been
granted low-interest loans by the UniCredit Group, and if so
where did such loans appear on the balance sheet.
Regarding the voting system, the shareholder recommended that
the minutes list all the names of voters and thus not only
name the shareholders who vote against motions, as it is now,
but also the names of all voting shareholders, irregardless
of whether they have voted for or against, or abstained; con-
versely, he suggested specifying only the number of shares
voting one way or another.
Lastly, he proposed allocating all profits to reserves.
Shareholder Lanfranco PEDERSOLI
then took the floor. He que-
ried the current situation of the Bank, in view of the deva-
stating effect of the downturn, which the Bank had tried to
counteract through a significant capital increase, the
non-distribution of profits replaced by the distribution of
shares and, finally, the sale of Mediocredito Centrale. He
further sought information about the sale of Pioneer Inve-

stments.
The shareholder maintained, in commenting on some accounts
figures, that the Bank continued to show mainly financial
features compared to other competitors.
He sought information on the situation of the derivatives and
the convertible and subordinated hybrid equity-linked securi-
ties (Cashes) and on the possible recapitalisation and the
modes whereby this would take place and how the resources
thus acquired would be used, also in view of the Italian Cen-
tral Bank’s requirements.
He criticised the way the investment in Italpetroli had been
managed, with reference especially to the football club it
controlled, pointing out that against the large loan granted
there had not been, in his view, a sufficient monitoring of
the business conducted by AS Roma, due to the absence of any
Bank representative on the Board of Directors of the Ro-
me-based football club.
He also criticised the recent transaction concluded with the
Americans for the sale AS Roma and queried whether there were
any future prospects stemming from the entry into the capital
by Fondiaria-Sai, as well as sufficient security.
He sought clarifications concerning the agreement with the
Cirio debenture holders, the conflict of interest with Inte-
sa, the latter being a shareholder of Carlo Tassara SpA, as
well as the huge debt of Francesco Caltagirone‘s Acqua Marcia.

He said he did not agree with the message sent out by the
Bank, in particular during the period in which Mr Profumo had
been CEO, whereby it was encouraged to "diversify investments
to grab opportunities", believing that not always does such
an objective lead to positive results. This message appeared
to have been picked up by the advertisement for the Capital
Accumulation Plan that appeared to be a sort of invitation to
carry out trading transactions.
On the other hand, he did not criticise the termination
payout to Mr Profumo.
Shareholder Gianluca FIORENTINI
took the floor and requested
that his speech be recorded in full in the minutes. Then he
went on to say:
"I wish to express my heart-felt thanks to Professor Lucrezia
Reichlin for her commitment to UniCredit, thus honouring in
an exemplary manner her loyalty to the Company.
In the infamous "anti-Profumo" night she proved to have a
much clearer and practical mind than the other participants
in the convulsive scheming and overly expensive meeting of
the Board of Directors.
Mrs Reichlin is a valuable resource to be rewarded with in-
creasingly demanding tasks. I’ll go as far as to say that I
dream she may be the next Chairman of our Institution. This
is a wish I am extending not just to her but especially to
all us minority shareholders who would thus have a Chairman

of the highest calibre. Nothing more, nothing less.
The premiere Italian banking institute, our direct competi-
tor, over the coming months will undertake a massive recapi-
talisation; they deem it necessary to cut fund collection
costs, have more resources for growth and enhance competiti-
veness. Our CEO, Mr Ghizzoni, in recent days, claimed in an
interview that UniCredit is adequately leveraged. Perhaps
while delivering such an announcement he himself must have
harboured some doubts, as he knows only too well that we have
serious difficulties to approve resolutions to increase the
capital, considering that the two investments of the Libyan
shareholders are "frozen" for political reasons. In my opi-
nion, an extraordinary transaction could indeed be resolved,
but as soon as we were to implement it, what would be the fa-
te of the Libyan shareholdings in terms of the rights of op-
tion? I have been pondering over this and now I would like to
refer this query to the Chairman, with a view to obtaining an
exhaustive reply.
I am of the view that undertaking a capital increase with a
shareholder who is unable to exercise it, for reasons beyond
its control due to political and war-related reasons, would
lead to these two options: 1) sell the rights of options and
use the earnings to underwrite shares; 2) deposit all the
earnings from the sale of the rights of option in an interest
bearing account.

These UniCredit shares, let’s not forget it, are the property
of the Libyan central bank who still has full legal capacity.
We have heard that in Bengasi the self-proclaimed rebels are
planning the establishment of a duplicate system under the
umbrella of French-British neo-Colonialism, but one thing is
having ambitions another is having legal rights.
Today there is one Central Bank which is the one that holds
4.988% of our share capital. Another 2.594% is held by LIA,
which has a legal status different from that of the Central
Bank. If we proceeded to increase the capital and the shares
of the Central Bank of Libya and LIA were to suffer a cut in
percentage due to "orders from above", sooner or later there
could be fully founded legal claims.
In this event, who would be bound to pay any damages that,
being so obvious, would not require any in-depth evidence?
The European Union? The Italian Government? UniCredit? I re-
peat, in my opinion this potential dispute hinders the pro-
spect of increasing UniCredit’s capital, which, is undoubted-
ly necessary and cannot be further delayed if we are to tack-
le domestic competition and absorb the losses that would es-
sentially come from some foreign subsidiaries. Thank you".
Shareholder Lucio LA VERDE
took the floor to observe that the
fall of UniCredit stock was a reflection of the general dete-
rioration of all major equity indices, a point that, in his
view, had not been sufficiently emphasised by the CEO in his

opening comments.
He noted that the amount of the settlement paid to Mr Profumo
was in line with the reduction of personnel costs implemented
by UniCredit in 2010, and wondered why in past years the pre-
vious Chief Executive Officer had been paid such high produc-
tivity premiums to stay on and then such a high severance
settlement when he stood down.
Mr La Verde said he was opposed to the ambiguity of the de-
clarations made by top management regarding the definition of
UniCredit as a "systemic bank", and wondered whether the Bank
intended to escape inclusion in the list of Systemically Im-
portant Financial Institutions (SIFIs) in order to avoid ha-
ving to adopt stricter capital requirements than other banks.
He asked for clarification to be given regarding the true in-
tentions of the Bank in respect of "Pioneer Investments", and
underscored the risks associated with a quick sale, also ta-
king into account the exodus of subscribers from the funds
managed by this company.
He also asked whether the lack of profit, which was causing
complaints, was the result of the bedding-in of the organisa-
tional formulas being tried out, or whether it had other cau-
ses.
Calling for clarification about investments abroad, he also
drew attention to the writedown, to half its value, of the
Bank's investment in Kazakhstan, and asked what criteria had

een used at the time to carry out due diligence for the ac-
quisition of the Kazakh bank.
In respect of recapitalisation, Mr La Verde recalled the de-
cision made in this regard by the other major Italian bank,
and referred to the recommendations of the Governor of the
Bank of Italy to strengthen capital. At this point, he conti-
nued, it was to be wondered if UniCredit might need more than
eight billion to arrive at a Tier 1 capital of 10% (as Banca
Intesa has), and he asked how much UniCredit had paid out in
2010 to subscribers of CASHES (Convertible And Subordinated
Hybrid Equity-linked Securities).
With regard to impaired loans, he remarked that the greater
the writedowns, the lower the profits. He expressed his be-
lief that the corporate mechanism of UniCredit is in diffi-
culty, as evidenced by the fact that the ratio of
non-performing loans to net worth at UniCredit was higher
than the national average. He also noted that loans-at-risk
situation was all the more evident in the ratio between the
Bank's gross non-performing loans and the total for the ban-
king sector as a whole: indeed, half of all gross
non-performing loans are held by UniCredit. He asked what the
reasons were for the rise in such loans in 2010, and how they
were distributed by sector and geographical zone.
Having voiced his misgivings about the handling of the "re-
scue" of Premafin/Ligresti, which, he felt, was a throwback

to the days of state ownership, Mr La Verde criticised the
procedures followed and the terms and conditions of sale for
the disposal of the AS Roma football club given that, in rea-
lity, UniCredit was financing the operation and subscribing
to 40% of the share capital of the new holding. He demanded
to know how much UniCredit had really recouped from the tran-
saction.
Finally he called for a review to be made of the methodology
for carrying out customer satisfaction surveys and, in parti-
cular, of the methodology that tends to stress the responsi-
bilities and failings of individual operators rather than
calling into question UniCredit's policies and management
criteria.
He reminded the Bank of its need to remain true both to its
ethical and to its professional standards when selecting
top-level managers.
Shareholder Piergiorgio BERTANI
took the floor, and adopted
the metaphor of shearing sheep to express to the Meeting how
dissatisfied shareholders were with the company's share per-
formance, which was most emphatically not going to be offset
by the announced dividend. He wondered how long it would take
for the share price to reach a more appropriate level, and a-
sked what the Bank's opinion was of the underlying parameters
of UniCredit shares which, independent of its share price,
might provide some comfort to shareholders regarding the in-

trinsic value of the company's shares.
Building on what previous shareholders had said, namely that
a capital increase would be necessary, he wondered whether,
on the contrary, it would be possible for the Bank to rule
out the need for a major recapitalization over a period of o-
ne to two years, or, on the contrary, whether a capital in-
crease would ensure that the Bank retained its leading posi-
tion in the international arena, a role that, with "proud
certainty", it had stated it could play.
Lastly, he sought clarifications regarding the Bank's finan-
cial strategies over the coming forthcoming years, highli-
ghting their major impact on the entire country’s economic
growth, and the role that these strategies could potentially
play, in particular, on defining the relations and positions
of two key companies for Italy's financial system, namely,
Generali and Mediobanca.
To conclude, the shareholder remarked on shareholder interest
in knowing on which call shareholders’ meetings would actual-
ly be held, in the hope that the company would act efficien-
tly and accordingly in order to make this information readily
available to its shareholders.
Shareholder Giuseppe Vittorio LAGANI
took to the floor. After
asking for his speech to be recorded in toto in the minutes,
he went on to say the following:
"Good day. The bank has brought ‘One for Clients’ to Italy –

a model that revolves around the Country Chairman concept.
This approach has been trialled and implemented in three main
European countries - Germany, Austria, and I believe Poland -
but as far as Italy is concerned, at least, it is a new ap-
proach. The new job position is being supported and assisted
by a group of managers who have responsibility over local a-
reas, that is to say, different parts of the country. The
Country Chairman is responsible for all activities conducted
by the company and the people who work for the company. Let’s
say that in principle this system is commendable, thinking
back to the statement made by this Group’s former CEO, Mr
Profumo, last year at the end of the Shareholders’ Meeting,
during the Q&A customarily held with the press at the end of
the meeting, when he declared that operations in Italy gene-
rated only negligible profits. He went on to explain that
whereas the Group’s operations in Italy accounted for 46%, o-
perations undertaken outside Italy accounted for 54%, all of
which went to show that the Group generated just 3% of its o-
verall worldwide profits in Italy - a truly negligible per-
centage indeed. This explains the decision to implement the
system.
Now, I notice that this year’s accounts, which we are here to
decide whether or not to adopt, report the same profit as
last year. Indeed, the report states that the results achie-
ved in Italy in these accounts are in line with those achie-

ved in the 2009 accounts, which means that practically spea-
king, we aren’t even off the ground. What I wonder is this:
things aren’t going well, and it is right that this approach
is being brought in, because at the very least, at the end of
the year we will know who is in charge of running things in
Italy, whom we should congratulate if the profit figures are
good, and whom we should criticize if they are disappointing.
Well, from this point of view, the new approach allows us to
have somebody in charge, or some people in charge, given that
the work undertaken by individual managers in the geographi-
cal areas they have been assigned will be overseen, so it is
my belief that this change should be approved. What I am won-
dering is whether these missing profits in Italy are a conse-
quence of inefficiency within the organization or a lack of
managerial ability, or is it at least in part an issue that
is affecting the Italian system as a whole? If we take this
together with the statement made recently by Sergio Marchion-
ne, who said that Fiat didn’t make any profits in Italy in
2010, that all of its profits came from the Group’s opera-
tions outside Italy, then we may legitimately wonder whether
the problem is that Italy as a whole is broken, or whether it
is to do with individual companies. As it would take a very
long time to debate this here and now, I’m going to leave it
there. Politics is the appropriate forum for tackling this
issue, although at this time politics seems to be preoccupied

y other matters.
Let me move on to my three questions. I take it from the de-
bate so far that the first quarter 2011 accounts have been
published. This is the first I knew about it.
My first question concerns why we don’t generate profits in
Italy. What I want to know is how much we invested in human
resources last year, and how much investment is planned in
this area this year. I think that one of the reasons for the
lack of success in Italy may be ascribed to the training of
our workforce, and I wonder whether or not we are making suf-
ficient investment in this activity.
Question number two. Given that, I believe, the new approach
went into operation this year, if you have monitored the ear-
liest results, at least during the first three months of the
year, what are the results and what is your assessment of
this initial period? Are there any indicators that demonstra-
te or prove that profits in Italy have at least increased du-
ring this first part of the year? If not, what are you plan-
ning to do in the immediate future to correct this negative
trend?
My third question concerns Basel III. To begin with, I would
like to thank Mr Ghizzoni for giving us some initial informa-
tion about the Bank’s position vis-à-vis the new Basel III
parameters. I think that the Euros 7 billion or so that we
shareholders have, in various forms, contributed to the com-

pany’s coffers over the last two years have improved our si-
tuation with regard to the requirements brought in under Ba-
sel III. Regardless of this, how much will we shareholders
have to pay as share capital or other subsidies to meet the
Basel parameters? Mr Ghizzoni said that we are nearly there.
What I want to say is between now and 2019, when Basel III
comes into force, how much more outlay will we be required to
make not just to meet the parameters, but above all to meet
the Bank’s requirements? Thank you."
Shareholder Dante COLUMBRO
a former Bank of Italy officer,
now retired, took the floor and criticised the payment made
to Mr Profumo as severance pay. In his opinion, such signifi-
cant sums should be spent to hire managers rather than remove
them, and that at a moment of great economic uncertainty, the
company had not benefitted either financially or in image
terms from the Profumo affair.
He applauded the choice of the new CEO, Mr Ghizzoni, and ex-
pressed his opinion that in the remote event of him leaving
the post, his golden handshake would be handled differently
to how it had been handled for his predecessor.
On the topic of at-risk loans, of which the Group is the lar-
gest holder in the Italian banking system, the shareholder
said that he would like to know what is being done technical-
ly and operationally in order to improve how loans are gran-
ted, as well as what is being done with regard to the control

of risk.
He lamented the fact that employees were feeling uneasy after
the Group deployed its new structure, which had resulted in
employees being under-utilised, sometimes without a role, or
in positions that are purely theoretical in some sectors,
while at the same time a lack of staff and shortcomings were
manifest in other sectors.
To conclude, he was pleased to see the new development of a
number of students attending the Meeting from the University
of Viterbo (Tuscia). He approved of the initiative, and tru-
sted that it would be appropriately publicised, including in
the press, and be repeated on future occasions.
Shareholder Riccardo DOBRILLA
took the floor and, in his ca-
pacity as an employee, small shareholder and Chairman of the
former Cassa di Risparmio di Roma Pension Fund Committee,
joined the Polish shareholders in hoping that the change in
leadership would mark a watershed for the Bank, although he
nurtured doubts in this respect.
He frowned on the optimism and complacency that oozed out of
the notes to the accounts, and emphasised the lack of disclo-
sure on certain matters that he thought should have been ex-
plored in greater depth.
He complained that there were insufficient explanations for
the decision to go back to a single bank organisational model
following the "S3" experience and the related costs. He felt

that the operation was based on a bad decision, which someone
should pay for.
He also remarked that the report made no mention of the re-
placement of the former Chief Executive Officer, or of the
conflicts of interest existing among the members of the Board
of Directors, citing the circumstances involving former Di-
rector Ligresti.
On the subject of AS Roma Football Club, the shareholder also
wondered what had happened to an offer that he seemed to re-
call had been received two or three years ago to buy the soc-
cer club for some Euros 280 million, when the current deal
had been closed for less than half that amount.
He then mentioned certain figures on the balance sheet, based
on which net interest income had decreased for reasons that
had to be unrelated to lower interest rates, which had not
budged for at least two years: the cause had to lie in the
decline in total loans and rise in non-performing loans.
He also criticised the way that job cuts had been presented,
stating that layoffs should never be viewed positively, nor
should they be synonymous with strong growth. In this re-
spect, the shareholder said he disagreed with the Bank’s HR
policy which aimed to apportion jobs and duties and thus curb
professional development, since it restricted employees to
performing a tiny part of a larger job repetitively and auto-
matically; this approach did not build a team spirit or a

sense of belonging.
Regarding the retail business, he challenged the decision to
assign customer relations to separate sites, set up like call
centres, since this would literally sever relationships that
should, conversely, help to know and fully appreciate the cu-
stomer’s activities and prospects, above and beyond the ba-
lance sheet data.
He also criticised the commercial incentives that he believed
were returning in an effort to boost short term results and
the paradoxical situations that cost cutting sometimes leads
to.
He believed the Bank should turn a new and more ethical leaf,
and also reconsider the size of top manager and executive sa-
laries.
He closed by commenting on the issue of the former Cassa di
Risparmio di Roma Pension Fund: the settlement that had been
reached was unsatisfactory for the employees and had unfairly
excluded retirees. He added that certain claims were still in
the appeals court and others were about to be submitted. He
asked the new Chief Executive Officer to intervene so that
employees who had already retired could be offered an agree-
ment.
Ms Ivana Enrica PIPPONZI
lawyer, took the floor and asked for
her remarks to be transcribed in full in the minutes. She
went on to say the following:

"Ladies and gentlemen, I have some comments to make about the
2010 financial statements, in my capacity as the representa-
tive of the minority shareholders of the former subsidiary
Banca Mediterranea headed by Mr Elman Rosania. With reference
to the risks arising from pending lawsuits with third par-
ties, the explanatory notes devote twenty pages to about
twenty lawsuits pending before Italian, European and American
courts, where claims against UniCredit amount to several bil-
lion euros and dollars. The aforesaid notes say, and I quote,
that: "... it is impossible to predict the outcomes of the
proceedings and the extent of any losses, and therefore no
provisions have been made", therefore to cover potential los-
ses that may derive from pending charges, claims and indemni-
ties, excluding those relating to employment, taxes or credit
collection, the UniCredit Group as at 31 December 2010 had a
fund for risks and charges totalling Euros 1.387 billion,
which may not be enough to cover the charges, claims and in-
demnities related to the various lawsuits. From a purely te-
chnical standpoint, the regulators and the judicial authority
could not fault UniCredit’s behaviour, however, with due re-
spect, the Group’s actions seem to be dictated more by balan-
ce sheet constraints and a shortage of resources to allocate
to this safety net than to a lack of prudence and caution. In
point of fact, had greater caution been exercised, the diffe-
rent weights of various legal disputes could have been better

indicated, especially in the Cirio, Parmalat and Madoff pro-
ceedings against UniCredit. I would like to mention the re-
marks made by my colleague Mr Clementi on behalf of the mino-
rity shareholders of the former subsidiary Banca Mediterranea
at UniCredit’s AGM on 8 May 2008, which was transcribed in
the minutes, where he addressed specific questions regarding
potential litigation losses and risks, with reference also to
the Cirio, Eurolat and Parmatour disputes, and with reference
to their prudential coverage in the balance sheet. Whilst Mr
Clementi’s questions are now superseded, given the amount of
time that has elapsed since then, they are nonetheless still
relevant with regard to the issue of provisioning, therefore
we should be wondering: is the failure to set aside provi-
sions to cover possible, indeed probable future risks consi-
stent with the principles of prudence and caution, simply be-
cause the extent of feared contingencies cannot be defined
with a relative degree of accuracy? Does running the risk of
shifting the weight of such contingencies to future balance
sheets reflect sound balance sheet policy? Could such beha-
viour represent a possible breach of the principle of compe-
tence?
I have another two questions about settlements with no admis-
sion of liability: firstly, regarding the proposed agreement
with around two thousand Cirio bond holders who sued UniCre-
dit for non-pecuniary damages; secondly, regarding the propo-

sed agreement with the association of San Paolo Imi Group
bondholders association, to settle certain civil lawsuits
brought against certain UniCredit Group banks by 32 thousand
Parmalat bondholders, which now involves another five thou-
sand bondholding plaintiffs.
Since the explanatory notes say that for the Cirio and Parma-
lat lawsuits, adequate provisions had been allocated to cover
the expected potential risk for UniCredit as the party liable
for damages, I wonder if the aforementioned settlement agree-
ments were covered by adequate provisions for the Cirio and
Parmalat lawsuits, and under what date. I also wonder if such
provisions are included in the fund for risks and charges as
at 31/12/2010, or if they were charged to the income state-
ment for the period following 1 January 2011. Similarly, I
would like to know how and when UniCredit finalised all the
disputes pending with the Costanzo family, how much was di-
sbursed, and from which accounts. There appears to be a major
risk that the fund will not be able to fully cover the char-
ges, claims and indemnities related to the Madoff and Cirio
lawsuits, for the class action brought by Codacons, and for
the criminal proceedings involving Cirio and Parmalat. Con-
cerning related party transactions, over recent months the
papers have been publishing almost daily articles about the
Ligresti Group, its current financial woes, the support it
has received from UniCredit and the loan granted by the Board

of Directors to its former member. Section H of the explana-
tory notes does not provide specific details regarding this
important transaction, which was described almost in real ti-
me by the press. The Italian daily, "La Repubblica", reports
that last 21 March, UniCredit’s Board of Directors approved a
consolidation of the bank’s receivables, upon finalisation of
which the bank would acquire a roughly 6.6% stake in FonSai
and appoint three Directors, in addition to the Chairman of
the Board of Statutory Auditors. The Bank would also pay out
more than Euros 200 million on top of previous loans, the a-
mounts of which have not been disclosed. Mr Ligresti wisely
resigned from the Board on 31 March 2011, the same day as, or
perhaps the day before, UniCredit’s aforesaid Board meeting.
The fact remains that the loans had been granted to Mr Ligre-
sti prior to 21 March 2011 and in all likelihood even prior
to 31/12/2010, therefore Mr Ligresti without a doubt repre-
sented a related party. In this respect, a disclosure in the
section of the explanatory notes devoted to Part H would have
been advisable, if not mandatory. It appears that the new re-
gulations on related party transactions came into force on 1
January 2011, including all the analytical requirements in-
cumbent upon listed companies. This is a matter that will co-
me up at the 2012 AGM, however, regardless of the regula-
tions, information regarding the balance sheet of banks both
large and small should be provided more promptly, comprehen-

sively and analytically than a newspaper article. Nor is it
worth pleading banking secrecy, considering that UniCredit’s
new Chief Executive Officer said that the purpose of the
transaction was to safeguard bank credit, although the tran-
saction is viewed as "supporting the system", with specific
reference to the synergies arising from UniCredit’s new sta-
ke, in respect of Mr Ligresti’s interests: 4% in Mediobanca,
1% in Generali, 4.18% in Gemina, 5.46% in RCS and lastly, 5%
in Pirelli.
In closing, I leave it to Mr Rosania, who will be speaking
next, to deliver any later replies on my behalf. Thank you
for your attention".
Mr Elman ROSANIA
took the floor and asked for his remarks to
be transcribed in full in the minutes. He went on to read his
remarks as follows:
"Esteemed Chairman, Esteemed Chief Executive Officer, Estee-
med Directors, Statutory Auditors, Shareholders and Partici-
pants one and all, I will be speaking in Italian (rather than
English, the language that has been imposed as the official
language of UniCredit shareholder meetings), as I have done
at all our general meetings since 8 May 2008, and I would li-
ke to comply with the 20 minutes allotted by the meeting re-
gulations.
Since 28 April 2000 (minutes certified by Notary Public Gen-
naro Mariconda) this is the nineteenth time I have attended

the general shareholders’ meeting of the company (Banca di
Roma-Capitalia SpA, now UniCredit SpA) which on 26/04/2000
incorporated its Southern Italian subsidiary Banca Mediterra-
nea SpA (headquartered in Pescopagano, in the province of Po-
tenza) due solely to the tie-breaking vote cast by the subsi-
diary Banca di Roma-Capitalia SpA, which at the time held a
53.09% stake in the aforesaid Banca Mediterranea.
As for all of the nineteen annual general meetings staged in
Rome between 2000 and now (and another two UniCredit savings
shareholder meetings held in Milan on 4 December 2008 and 30
July 2009) I was participating on behalf of and in the name
of individuals who were minority shareholders of the former
subsidiary Banca Mediterranea SpA from the provinces of Po-
tenza, Avellino, Foggia and Salerno, situated in the Southern
Italian regions of Basilicata, Campania and Puglia, who since
2000 have been involved in legal disputes against Banca di
Roma/Capitalia SpA, now UniCredit SpA, regarding which my re-
marks at previous UniCredit shareholder meetings can be read,
specifically on 8 May 2008 in Rome (minutes certified by No-
tary Public Salvatore Mariconda) and 4 December 2008 in Milan
(minutes certified by Notary Public Zabban).
On behalf of the individual minority shareholders whom I re-
present, I would like to convey a word of thanks for the ef-
forts of Ms Veneranda Silvestro, an employee of UniCredit who
originally worked for Capitalia, and who retired in the sum-

mer of 2010, around a year after other employees of the Sha-
reholder Relations Department also retired, notably Ms Olga
Di Bianco and Mr Roberto Sabato (from UniCredit’s headquar-
ters in Rome and also originally from Capitalia) and Ms Maria
Elisa Leoni (from UniCredit’s head office in Milan), who I
mentioned at the last UniCredit shareholders general meeting
on 22 April 2010.
I have a short comment to make regarding my earlier respect-
ful request for the 2010 financial statements to be read out
in full (I had made a similar request at last year’s general
meeting regarding the 2009 accounts), which was rejected by
the majority of the shareholders and proxy-holders present in
this room (based, however, on the Chairman’s request for a
show of hands rather than using the official electronic vo-
ting system).
The aforesaid request for the financial statements to be read
out is a legitimate one from the legal, administrative and
corporate standpoint and continues to be a relevant request
stemming from the need for additional information to be pro-
vided, given the little time available for consulting UniCre-
dit’s individual accounts and consolidated accounts as at
31/12/2010, which for this general meeting were printed in
two separate volumes with different layouts, with the latter
accounts only being finalised and made available yesterday.
The texts of the first release of the financial statements

for the period ending 31/12/2010 were supplied by the offices
of the Bank before the deadline set at (only) 21 days prior
to this meeting scheduled for 27-28-29 April 2011 (even
though the date was very close to Easter, on 24-25 April
2011), leaving even less time to consult the accounts than in
previous years (such as the general meeting convened to ap-
prove UniCredit’s 2007 accounts on 8 May 2008, the first fol-
lowing the incorporation of Capitalia SpA; this minimum term
used by UniCredit is authorised by current legislation, but
the minority shareholders of the former Banca Mediterranea
that I represent feel it should be extended to give more time
to peruse the company’s accounts and thereby gain the neces-
sary in-depth understanding of matters as highly sensitive as
banking and finance.
In any event, thanks to input from various colleagues and ex-
perts from the minority whom I represent, I will endeavour to
make a few remarks this year too.
On 22 September 2010, relations between the Bank and the
Chief Executive Officer, Mr Alessandro Profumo, of both em-
ployment and confidence, were suddenly severed when he was
essentially ousted; Mr Profumo had been viewed as the main
driver of the massive growth and international expansion of
Credito Italiano SpA, later renamed UniCredit SpA.
The real reasons why he was ousted, though the less disa-
greeable word "resignation" was used, are known only to Uni-

Credit’s major shareholders (and the various Directors repre-
senting them) but certainly not to lesser shareholders, alt-
hough they would have appreciated being told (and indeed
should have been told) why the "shipowner" was removing the
"captain" in heavy seas and in the middle of the ocean.
Thus UniCredit’s small shareholders could merely take due no-
te of the official statements (which actually sounded very
formal and colourless) and content themselves with the an-
nouncement reported by the media.
With no explanations provided by the parties concerned, the
news (disclosed as a news story) might one day be viewed as a
historical event and a highlight in Italy’s economic history,
involving its largest bank, even if only some of the reasons
(as well as the motives and advantages) are ever revealed as
to why UniCredit’s Christopher Columbus was sent into exile
after opening up the Far East to the Bank.
There’s an old Italian saying that goes "To fleeing foe,
bridges of gold": in addition to exile, the former Chief Exe-
cutive Officer of UniCredit, Mr Alessandro Profumo (who had
given to and received much from UniCredit) was also awarded
the sum of around Euros 40 million, as reported by the Ita-
lian newspapers, as a tangible and indeed humongous attesta-
tion of esteem. In this respect, I would like to recall that
UniCredit’s share price dropped from Euros 7.665 on 26 April
2007 to Euros 4.92 on 6 May 2008 and then to Euros 2.26 on 21

September 2010 (the day prior to Mr Alessandro Profumo’s re-
signation).
Finding his successor, a choice made even more awkward by the
presence of qualified candidates both inside and outside the
group, took eight days (the announcement was made on 30 Sep-
tember 2010 in Warsaw, Poland) with Mr Federico Ghizzoni –
who until then, given his position, might have been known as
"the man from came in from the East". In the name and on be-
half of the shareholders/individuals of the minority referen-
ce group of the former subsidiary Banca Mediterranea of Sout-
hern Italy, I would like to extend my best wishes to the new
Chief Executive Officer of UniCredit, Mr Federico Ghizzoni,
and to his predecessor, Mr Alessandro Profumo, in hopes that,
in the interests of the Bank, the incoming management team
will outperform the results achieved by the outgoing manage-
ment team.
No one could possibly fail to note the concurrence between
the replacement of Mr Alessandro Profumo at UniCredit and the
resignation of the Chairman of Generali SpA, Cesare Geronzi
(from 1995 to 2007 Chairman of Banca di Roma-Capitalia, and
from 2007 to 2010 Chairman of Mediobanca), who in 2000 spear-
headed the merger by incorporation of the subsidiary Banca
Mediterranea SpA of Southern Italy into Banca di Ro-
ma-Capitalia SpA and in 2007 another merger by incorporation
- that of Capitalia SpA into UniCredit SpA, with all its com-

plex implications on the Bank and the Group as a whole.
Regarding the current financial statements for the period en-
ding 31/12/2010, the results must largely be credited to the
former CEO, Mr Alessandro Profumo, while the current CEO, Mr
Federico Ghizzoni, can be credited with the drafting and pre-
sentation of the accounts and with only three months of di-
rect management under his belt; at such a time of change and
on the eve of a new chapter for the Group’s management, it
has to be acknowledged that because of the size and complexi-
ty of the UniCredit Group, its operational results are su-
bject to massive inertia, demanding not only outstanding pro-
fessional commitment and expertise, but also long waits to
change gears or direction in order to significantly restyle
organisations, operating approaches and financial returns.
Therefore, UniCredit’s current financial statements
could be
viewed as a watershed between two management philosophies,
the most recent of which, having appeared in late 2010 with
the new Chief Executive Officer, will be judged more clearly
on the basis of the 2011 accounts, as reported in an article
by Andrea Greco published on 25 October 2010 in the Affari e
Finanza business supplement in the Italian newspaper "La Re-
pubblica", which attributes very different strategies to the
new CEO from his predecessor’s.
The aforementioned article talks about upping business and
profits in Central and Eastern Europe only after reorganising

and reinforcing UniCredit’s core countries (leaving aside the
"pennant" countries), closer connections between networks and
products bundled together via an impetuous merger campaign,
greater proximity to customers to reverse the neglect of re-
cent years, and a less showy managerial style, away from the
spotlight, but with a stronger focus on operations and profi-
tability, which can be delayed no longer.
So UniCredit’s 2011 financial statements might be improved by
the adoption of new approaches and strategies, which will ho-
pefully lead to better results than in the past, but which
for now lie in "Jupiter’s lap" and – more concretely – depend
on the economies and markets of the countries in which the
Group operates.
At any rate, the 2010 financial statements can hardly be de-
scribed as brilliant, or indeed much better than the figures
for 2009, except for an improvement in the Core Tier 1 ratio,
up now to 8.58% from 7.62% in 2009; however, compared to the
situation after the last capital increase, the figure would
be 8.47%, reflecting an increase of only 11 bps.
The balance sheet, profit and loss statement and other data
concerning operations, often report losses and criticalities,
also with respect to impaired loans and the incidence of ope-
rating costs.
Indeed, financial assets held for trading are down by a whop-
ping 8.5%; loans to customers are down by -1.7%, i.e. by al-

most Euros 10 billion; without the end of year capitalisation
of interest, increasing the balances by at least 3% or 4%
(i.e. at least Euros 15/20 billion), the decrease would have
been much greater; net impaired loans as a percentage of to-
tal loans to customers rose from 5.50% in 2009 to 6.74% in
2010, with an increase of 124 basis points, which in terms of
absolute value corresponds to +20.42% (i.e. Euros 6.3 billion
out of Euros 31 billion representing net deteriorated loans
as at 31/12/2009), in spite of sizable write downs totalling
Euros 6.8 billion.
Total revenues are down by 4.4% and operating costs are up,
albeit by just 1%, while the cost/income ratio is down an im-
pressive three percentage points, at 58.8%, reversing the
downward trend of the past few years.
Operating profit is down by 11.3%, gross profit by 23.7% and
net profit by 22.2%.
EPS and ROE are down by 0.04% and 1.3% respectively, EVA re-
mains negative at plus Euros 2 billion (from Euros 1.9 bil-
lion in 2009), which means that value continued to be de-
stroyed instead of created in FY 2010.
After the aforementioned balance sheet and P&L figures, the
financial results are just as disappointing.
The relevant report shows funds generated and collected in
the year to be shadowed by those absorbed by management
costs, the total balance indicating a loss of Euros 5.6 bil-

lion (versus a positive balance of Euros 4.4 billion posted
at the end of 2009): this means a difference of over Euros 10
billion from one year to the next.
As to the organisation, the total number of FTEs has decrea-
sed by 3,053 (from 165,062 in 2009 to 162,009 in 2010) and
the number of branches has dropped by 182 (from 9,799 in 2009
to 9,617 in 2010), with these changes possibly being due to
the merger with Capitalia.
Against this backdrop, it is unlikely that 900 new branches
will be opening in Turkey, Romania, Hungary and other CEE
countries, as planned over the coming five years, without any
capital increases but only by self-financing, as announced by
the CEO Mr Federico Ghizzoni at the meeting held last Decem-
ber 2010 in London devoted to the countries of Central and
Eastern Europe, as reported by the Italian press (the Italian
daily "La Repubblica" on 3 December 2010).
Regarding credit quality, assuming the aforementioned plans
turn out to be feasible, there is not doubt that in 2010 Uni-
Credit’s profitability was significantly impacted by net loan
losses (Euros 6.8 billion), on top of the even larger losses
posted in 2009 (Euros 8.3 billion) and those of the period
2006/2008 (another Euros 8 billion).
At the end of the day, in just five years, revenues of Euros
23 billion (an amount rivalling the budget of a country like
Italy) have been eaten up by low quality loans: this is a

sign that, global financial crisis aside, high risk loans are
a structural element that is threatening the managerial equi-
librium of the UniCredit Group.
Gross NPLs totalling Euros 38.7 billion have reached the
threshold of 6.58% of customer loans, with a coverage ensured
by adjustments made so far (Euros 22.3 billion) of 57.8% and,
in spite of massive extent of the write downs, net NPLs are
still nudging 3%, at 2.94%.
The negative changes in NPLs due to various causes (collec-
tions and cash-ins from asset sales totalling Euros 2.4 bil-
lion, migrations to other categories of impaired loans total-
ling Euros 484 million, write offs totalling Euros 3.6 bil-
lion, other variations totalling Euros 765 million) have
trimmed the total Euros 8.4 billion, but the increases were
even more significant, with Euros 14.1 billion, with Euros
4.4 billion of previously performing loans entering the NPS
category and raising major concerns, and the increase in im-
paired loans previous belonging to other categories (Euros
6.9 billion).
The overall result (together with other upward changes total-
ling a not insignificant Euros 2.7 billion) has been an in-
crease in gross non performing loans of Euros 5.7 billion.
Watch list loans have displayed a similar trend to NPLs: he-
re, increases (Euros 16.8 billion) have exceeded decreases
(Euros 13.6 billion), with a consequent gross final exposure

of more than Euros 3.2 billion.
In conclusion, impaired loans, less write downs, have reached
11.44% of total loans: which means that for every 8 perfor-
ming loans (or just over that number) there is one impaired
loan; and proportionally, the interest accrued on impaired
positions flows out of the revenue stream until the outcome
of the overdue instalment is reported.
As mere guidance and with no value judgement (since the mar-
kets, operating and organisational structure are different)
may I recall that as at 31/12/2010 Italy’s other major bank,
IntesaSanPaolo, posted lower figures for credit risk both in
absolute and percentage terms, albeit worse than 2009.
In 2010 Intesa San Paolo’s impaired loans totalled Euros 21.2
billion and accounted for 5.6% of total loans to customers
(compared to Euros 20.4 billion in 2009, with an incidence of
5.5%), while in 2010 the same incidence for UniCredit was
6.74%; IntesaSanPaolo’s gross NPLs in 2010 totalled Euros 7.3
billion and accounted for 1.9% of total customer loans (ver-
sus Euros 5.3 billion in 2009, with an incidence of 1.4%),
whereas in 2010 the incidence for UniCredit was 2.94%; the
coverage rate for IntesaSanPaolo in 2010 was 64.3% (in 2009
it was 67.4%) compared to 57.8% for UniCredit; net write
downs on loans for IntesaSanPaolo in 2010 totalled Euros 3.1
billion (versus Euros 3.7 billion in 2009), while for UniCre-
dit in 2010 they totalled Euros 6.8 billion.

Leaving the UniCredit Group’s peers aside, a few in-house
comparisons might be helpful:
Italy (i.e. the Italian market) accounts for 41% of the
Group’s total assets, and generates 57.02% of its net NPLs
but only 40.92% of its write downs: does this mean that Ita-
lian customers are more inclined to default (or insolvency)
but with greater guarantees on relative risks?
But that’s not all.
Almost 50% of write downs (i.e. 48.30%) relate to the C.I.B.
division. (Corporate and Investment Banking) which also ac-
counts for 80% of provisions for risks and charges; just
25.80% of write downs related to retail and even less
(21.10%) to Central and Eastern Europe (CEE).
Obviously profitability depends on the different levels of
risk of the divisions: C.I.B. generates almost four and a
half times more gross profit than retail and two and a half
times more than Central and Eastern Europe.
Based on the above, do you not think that going forward some
thought might be given to returning to operations that are
less profitable in the short term, less aggressively
growth-oriented and less spectacular? What about the relative
risks?
While we wait for the 2011 figures to confirm or deny this
assumption, I have a few more remarks to make in this re-
spect.

Certain major risks appear in the current 2010 accounts that
were not reported in UniCredit’s 2008 and 2009 consolidated
financial statements: these include 4 positions amounting to
Euros 77.1 billion (as reported in the balance sheet) with a
weighted value of Euros 13.7 billion based on the applicable
supervisory regulations.
Therefore, if I have properly interpreted the strict regula-
tory provisions, these positions (i.e. the portion that is
not zero-weighted, in other words, not specifically secured
by deposits, cash or other collateral) carry significant cre-
dit risk totalling an impressive Euros 13 billion or more, in
relation to just four clients.
Bank secrecy prevents us from knowing the names of the borro-
wers, be they industries or investment firms or groups, nor
do we know the deals or purposes for which the loans were
granted, nor even the explicit or implicit guarantees invol-
ved, or the maturities.
It goes without saying that the existence of these risks is
worrisome, although UniCredit’s management team must have had
good reason to take on these risks and must also have used
the necessary caution in monitoring them.
The following consideration springs to mind: there’s much
talk about transparency, greater openness in relations bet-
ween banks and consumers/clients, and especially between
banks and shareholders, yet the regulations for drafting cor-

porate financial statements and the relevant Supervisory In-
structions, given the complexity of the regulated relations,
remain comprehensible to only a handful of qualified opera-
tors (e.g. bank directors, top managers and senior executi-
ves, economics experts, financial analysts) but certainly not
to the public at large, notably bank customers, shareholders
and suppliers.
Therefore the publication of financial statements and reports
on the various websites of banks, the Stock Exchange, CONSOB
and others, perform the same duty as the prospectuses that
support proposals to purchase financial instruments: their
function is to convey the concept of transparency that exists
only in the preambles of legal provisions, and assume that
readers have an expert’s knowledge of economics, accounting
and finance.
In reality, it seems that not even the banks are trying to
get around the obscure wording of the regulations, and this
also appears true for the current 2010 financial statements,
where paragraph B4 of the prospectus on "Major Risks accor-
ding to the supervisory regulations", quoting the figures I
mentioned a few minutes ago, restricts itself to stating: a)
balance sheet value Euros 77.064 billion, a.1) weighted value
Euros 13.670 billion, b) number 4; and that’s all it says.
However, what would ordinary people reading the Major Risks
prospectus in UniCredit’s 2010 financial statements make of

the Supervisor’s instructions and circulars, and, above and
beyond the cryptic reference to the Supervisory regulations,
what more could they be expected to know?
I would like to know how many inspections and audits have
been carried out on UniCredit by the relevant Regulatory Aut-
horities since 2008, and more specifically, I would like to
know the outcomes of the Bank of Italy’s latest inspection
into UniCredit, which was reported on by the national press.
I would also appreciate some information about any initiati-
ves embarked upon in the area of banking and finance for the
benefit of young people and at schools or universities, and I
would like to know if the new top management team intends to
adopt any measures to help female employees with children, in
the form of day care facilities at their offices, in order to
encourage having children.
As well, I would like to know what UniCredit’s various cur-
rent account charges amount to (minimum and maximum), and if
the new executive officer’s team intends to inform the
Group’s various operating sites and tellers that any changes
to the contractual conditions of bank accounts held by the
same customers mustbe notified by registered letter with
confirmation of delivery by the addressee, rather than by re-
gular mail.
I wonder if the company has taken any steps to encourage the
attendance of shareholders at their general meetings, such as

teleconferencing or other such procedures, also based on sta-
tements made at previous general meetings by the former Chief
Executive Officer.
I would also like to receive some explanations about the on-
going contradiction between the documents I received from
Borsa Italiana and those received from UniCreditGroup, (which
I am formally handing over to the Chairman and the Notary to
be attached to the minutes as an integral part of my re-
marks), where there is a difference in the UniCredit share
price reported on 6 March 2009, this being a topic that I
raised at the last shareholders’ meeting on 22 April 2010.
The problem is that the figures released by Borsa Italiana in
the two page prospectus that I just now handed over to the
Chairman and Notary says that on 6 March 2009 the last tra-
ding price of UniCredit ordinary shares was Euros 0.7235 (at
h 17.33.12) with 312,514,916 shares having changed hands and
40,711 daily trades, while the figures reported on a page of
UniCredit’s prospectus (referring to the period 2-19 March
2009 which I printed out yesterday, 28 April 2011, from the
unicreditgroup.eu website) listed a different closing price
of Euros 0.6464 with a total of 214,827,168 shares traded.
What’s more, on another page of the UniCredit prospectus (re-
ferring to the same period of 2-19 March 2009, printed out on
10 March 2010 from the same unicreditgroup.eu website, which
I submitted to be included as an annex at the past AGM and

which I am resubmitting today) mentions a different closing
price altogether (the third) of Euros 0.6130 also for 6 March
2009 with a total of 368,898,865 shares traded.
With reference to all the other objections raised at previous
UniCredit general meetings (and with the utmost reserve), I
should like to advise that on 26 April 2010 I forwarded the
relevant communications and meeting proceedings to the super-
visory authorities, i.e. the Bank of Italy and CONSOB, as I
had respectfully announced in my reply at the last AGM on 22
April 2010 to item 1 on the agenda; similarly, I inform all
those attending that on 26 April 2010 I also forwarded a let-
ter to Chairman Dieter Rampl, with my remarks to the AGM on
22 April 2010 together with the two separate prospectuses re-
garding the stock price.
Lastly, I wish to advise that in a letter dated 5 July 2010
(ref. 05175) the Bank of Italy acknowledged receipt of my
letter dated 26 April 2010, stating that it had forwarded it
to CONSOB and would duly consider its contents. I ask that
this also be annexed to these minutes as an integral part of
my contribution.
In thanking you for your kind attention and also for your pa-
tience in listening to my remarks, I wish everyone a succes-
sful continuation of this meeting."
Once all of these contributions had been made, the Chairman
proposed a brief break since the time was 2.15 pm.

At 3.00 pm the Chairman reopened proceedings and asked the
CEO to take the floor to reply to the questions from the sha-
reholders.
The CEO, after thanking the members for their questions and
the food for thought provided, answered Mr Marbot’s question
about the evolution of the situation in Poland, explaining
that UniCredit’s vision on that country in macro-economic
terms was favourable; indeed, a 4.4% GDP growth compared to
the previous year was forecast for 2011 while inflation ap-
peared to be under control and was estimated at 3.7% for
2011. As regards the Group, he explained that Bank Pekao SA
was a successfully managed bank which had recorded positive
results in 2010 and had promising prospects also for 2011.
More in general, in relation to Mr Marbot’s consideration re-
garding the current general political scenario and the rela-
ted instability profiles, he highlighted that, despite the
crisis in Africa and the recent events in Japan, there had
not yet been any significant pressures in terms of deteriora-
tion of the overall macro-economic scenario.
As regards his views on professional ethics, the CEO replied
that, in his opinion, "doing well one’s job" was a priority
value and that in "doing banking" a central and essential
factor was customer satisfaction; he also stressed the impor-
tance of working on the Group’s reputation in all the coun-
tries in which it was operating as well as on the staff’s de-

gree of satisfaction. He concluded, on this point, highli-
ghting how the respect of these criteria and the values ex-
pressed in UniCredit’ Integrity Charter were important to a-
chieve sustainable profitability over time and reflected at
the same time a proper ethical approach to conducting a ban-
king business.
As regards to the provisions made by Bank Pekao SA in connec-
tion with the three court cases stemming from the so-called
"Chopin Project" and pending in Poland, the CEO, after remin-
ding shareholder Bielewicz of UniCredit’s confidence in the
Polish judicial system and in the appropriateness of Bank Pe-
kao SA’s Management actions, pointed out how the current Mee-
ting was not the most appropriate venue for discussing such a
topic and any other questions directly regarding the Polish
subsidiary. In general, he stressed that the provisions poli-
cy vis-à-vis disputes involving the Group was dictated by the
principle of prudence, and this consideration suggested that
the provisions made were indeed adequate given with the cur-
rent status of the above proceedings. He then spoke of the
strict prudence that in recent years had been a feature of
Bank Pekao SA in managing credit and provisions and pointed
out, as regards the NPLs, that their degree of hedging, which
was greater than 70%, provided peace of mind in terms of risk
and was one of the highest in Poland.
In light of this scenario, he explained that a decision by

Bank Pekao SA’s not to pay any dividends – considering the
Bank’s high level of leverage (having a Core Tier greater
than 17%) combined with the fact that, in the past, such di-
vidends had either not been distributed or had been paid out
to a limited extent – would not be backed by any logical rea-
son.
The CEO then explained to the shareholder that UniCredit’s
debt to Bank Pekao SA, which amounted to less than Euros 100
million, was absolutely marginal and that the interest rate
paid by UniCredit on Bank Pekao SA loans in 2010 was in line
with market conditions. He further specified that the sale of
Bank Pekao SA had never been the subject of any discussions
and that, in this regard, there were no contacts under way
with Sberbank.
He said that any questions regarding the relationship between
Mr Profumo and the Group would be later answered by the
Chairman, and reminded shareholder Bielewicz that after the
downturn in 2008/2009, the subsequent growth of GDP in the
Ukraine (forecast to be around 5% in 2011) should benefit the
entire local banking system, including Ukrsotsbank. He furt-
her explained that the Bank’s local strategy was based on a
strong focus on earnings, the ongoing control of costs and
continuous risk cost reduction, combined with an extremely
cautious policy covering provisions, as witnessed by the fact
that despite experiencing a period of severe downturn, the

Ukraine-based subsidiary had never recorded any significant
losses.
As regards the reasons why UniCredit in 2010 recorded net
profits lower than Banca Intesa despite larger total assets,
which issue had been raised by shareholder Cassinelli, the
CEO explained that the performance in 2010 has been affected
by the decision not to undertake any significant hedging
transactions against the falls in interest rates. This cir-
cumstance, however, in view of the current scenario of inte-
rest rate rises, should turn out to be a benefit; secondly,
he stressed the particularly conservative and cautious policy
adopted regarding provisions for losses on loans, with the
resulting negative impact from the taxation viewpoint relati-
ve to the past financial year.
As regards the plan to increase the capital, he reminded the
Meeting of the progressive increase of the assets ratios a-
chieved over the past two years, including through capital
increase transactions, against which he believed that the
Group had reached an adequate leverage level: indeed, in De-
cember 2010, the Bank had a Core Tier 1 of 8.58%, and this
level was expected to rise further in the first quarter of
the current year. On this point, after reminding the Meeting
that prior to the announcements of upcoming capital increases
by its competitors, UniCredit was the most capitalised Ita-
lian bank, the CEO specified that UniCredit was already in

line with the minimum leverage levels that would gradually be
introduced between 2013 and 2019. In view of these circum-
stances, assessments regarding the possible further streng-
thening of the asset situation could be made also in light of
the recommendations issued by the Basel Committee and the Fi-
nancial Stability Board, which was likely to happen by year’s
end.
With reference to the considerations by shareholder Roveda
regarding the use of Middle Eastern capital, also through the
underwriting of capital increases as of November 2008, and
the query whether other capital would then be available, the
CEO pointed out that it was currently difficult to guess what
could happen or otherwise under such circumstances. What was
certain was that after the collapse of Lehman Brothers it was
not easy to find capital for transactions similar to those
undertaken by the Group because the market was anything but
liquid and, therefore, the contribution by the Libyan members
had been appreciated. However, he explained that currently
the Group would be capable of attracting capital when needed.
As regards AS Roma Football Club, he pointed out that the re-
levant transaction had been formalised in all its details in
recent days and disclosed to the markets, pending approval by
the Antitrust Authority. He stressed that the solution thus
identified – which was reached as a result of a long bidding
procedure– was considered by UniCredit as the best possible

for protecting the credits vis-à-vis the Italpetroli Group.
As regards the sponsorships of the UEFA Champions League, the
CEO explained that this initiative had helped to a signifi-
cant extent enhance the Group’s image in Europe and its banks
in the individual countries, as well as develop its commer-
cial business. Obviously, a certain focus continued to be
placed on sponsorships involving smaller amounts and located
in Italy: during 2010 the total investments in projects sup-
porting local entities increased by 2.3%, despite the general
policy to contain costs.
As regards the request made by shareholder Pacifico, to make
the interim report on operations available at least one day
prior to the Meeting, he reminded the Meeting that this docu-
ment was released within the deadlines set by the Law (within
45 days from the end of the reference period), in line with
the goals of disclosure transparency required by legislation.
On the issue of the Bank’s equity, raised by the shareholder,
the CEO pointed out that the profitability of said equity in
2010 had been of 2.7%, a level that had been penalised by the
market situation and that was certainly lower than the
Group’s potential albeit in line with the trend of the larger
European groups and specified that the commitment over the
medium term was to increase the profitability of the equity.
On the subject of the recording of the amount of the equity
in the accounts and consolidated accounts, this was shown in

the postings required by the accounting schedules, in accor-
dance with current accounting principles.
On the subject of the transaction concerning the convertible
and subordinated hybrid equity-linked securities and related
costs, the CEO reminded the Meeting that UniCredit in Februa-
ry 2009 had undertaken to increase its share capital (inclu-
ding the premium) by some Euros 3 billion, underwritten al-
most wholly by Mediobanca, which then promoted the issue of
instruments named "convertible and subordinated hybrid equi-
ty-linked securities" ("cashes"), convertible into UniCredit
shares. In this context, UniCredit had entered into a usu-
fruct contract covering the shares underwritten by Mediobanca
which included, in exchange for the voting rights and divi-
dends withheld by UniCredit on the underlying shares, the
payment of a quarterly fee calculated at three month Euribor
plus 450 basis points. UniCredit, in accordance with the usu-
fruct contract, paid some Euros 130 million in 2009 and – as
shown on page 260 of the 2010 consolidated accounts, in Sec-
tion 24, Part C) of the notes to the consolidated accounts -
approximately Euros 156 million in 2010.
As regards the fact that the Bank had as an objective the mi-
nimum levels of asset ratios, an objective that, in the sha-
reholder’s view, was inconsistent with the role of a leading
Bank at European level, he remarked that, in fact, the Uni-
Credit Group placed particular focus on such ratios and wor-

ked on a daily basis to improve them; he further stressed
that the current leverage level was considered adequate.
Regarding the possible scenario in the event of an increase
in interest rates in view of the current medium to long term
exposure, after explaining that the total Group exposure in
the medium to long term at the end of 2010 was equal to Euros
165 billion with an average cost of 75 basis points above the
Euribor, the CEO commented that surely the increase in inte-
rest rates could have a negative impact on the collection of
funds; this situation, on the other hand, may be offset by
the favourable upwards effect on other items, which would
mean that the phenomenon in question could have a positive o-
verall effect on the Group’s profitability, in contrast to
what the shareholder had claimed.
Replying to shareholder Santoro, who asked for clarifications
regarding certain requests for payment mistakenly posted out
to clients by UniCredit Credit Management Bank, the Chief E-
xecutive Officer pointed out that in December 2010 the
Group’s credit management company had mailed out some 197
thousand letters notifying the recipients of the interruption
of the period of limitation on loans. Only a small percenta-
ge, around 1% of the total, filed complaints including those
reported by shareholder Santoro, which were settled without
any negative impact on the Bank’s P&L. More specifically,
with regard to the two examples he cited, the errors were due

to people who happened to have the same surname, and to de-
lays in filing a ruling effectively cancelling the client’s
debt, and adequate explanations were provided to the complai-
nants.
Concerning the episodes described by the shareholder invol-
ving the collapse of Dharma Holding, the CEO stated that to
date there was no evidence of any such events having taken
place.
Replying to shareholder Ziliotto,
he remarked that in Q1 in
Italy, and with regard to small and medium-sized businesses,
the Group's new customer-centric approach had led to higher
profitability, volumes and client numbers, not to mention so-
mething even more important: improved customer satisfaction.
These results had been achieved thanks to the implementation
of important initiatives such as a new revolving card for
small businesses, and the "Short term reply" campaign for me-
dium-sized enterprises. He also stressed that mass market de-
posits had grown considerably over the same period, i.e. de-
posits by small savers. Regarding the UniCredit Group’s posi-
tion versus the market, he advised that in 2010 the Group’s
share of the Italian lending market had remained above 13%;
on the deposits side, specially in the area of the more li-
quid sight deposits, the level had increased from 15% at the
beginning of the year, to 15.5%. The decrease in net interest
income was mainly due to the lower profitability of deposits,

in addition to the lower contribution of the component deri-
ving from trading activities. The Chief Executive Officer
pointed out that the Group had resorted to interest margin
hedging only minimally, as evidenced earlier, so as to avoid
being penalised in the event of interest rate hikes. Regar-
ding overdraft fees, he explained that lending fees are not
booked as "net interest" but as "commission", so the two i-
tems are not comparable from an accounting standpoint.
Regarding the beneficiaries of the compensation plans submit-
ted for the AGM’s approval in extraordinary session on this
day, except for the CEO, no other members of the Board of Di-
rectors were included. As well, the compensation plans illu-
strated in the Group’s remuneration policy were not linked to
individual transactions, but to the managers’ overall perfor-
mance, and were based on the utmost caution in the short and
medium term management of these performance levels.
Concerning the shareholder’s specific question about amending
the articles of association and adding a veto on loans to
companies with ties to directors and statutory auditors, the
CEO recalled that conflicts of interest between the UniCredit
Group and the members of its administrative and control bo-
dies were governed by the Italian Civil Code, special laws,
secondary regulations issued by the Supervisory Authorities,
and by internal regulations approved by the relevant corpora-
te bodies. However, he did confirm that the Group devoted the

utmost attention to these matters.
Regarding the shareholder’s comments about possible responsi-
bility on the part of the managers who arranged the restruc-
turing and consolidation of the debt held by companies owned
by Mr Biasi and Mr Ligresti, he emphasised that obviously,
all debts were restructured in the Group’s interests by the
relevant corporate bodies after due consideration and subject
to a careful analysis of potential conflicts of interest.
When required, the appropriate disclosure had been made to
the market.
With regard to the guarantees received by UniCredit in ex-
change for "rescuing" the companies belonging to the Biasi
and Ligresti groups, the CEO advised that for Fondiaria-SAI
the collateral was comprised of real estate property, to back
existing loans towards the upstream sub-holding company Pre-
mafin and, more specifically, UniCredit and other banks were
the beneficiaries of a secured mortgage to back the loans
they had granted. All the other loans were secured by Prema-
fin shares. Conversely, there were no specific guarantees
backing the Group’s investment in Fondiaria-SAI, since it was
a pure investment in the insurance company’s equity. Regar-
ding the Biasi Group, the CEO explained that UniCredit and
the other banks involved, had formed a restructuring plan in
accordance with the provisions of section 182/bis of the
Bankruptcy Law, approved by the Court of Verona: under this

arrangement, all the lending banks would receive factories
and land owned by the companies involved in the restructuring
plan as collateral.
The Chief Executive Officer said he would not answer the que-
stion about whether UniCredit's corporate officers belonged
to various kinds of associations or organisations. With re-
gard to the credit or debt positions of the Group’s corporate
officers or their companies, the CEO advised that all this
information could be found on page 421, section H of the con-
solidated accounts.
The Chief Executive Officer ended his replies by stating that
as required by the law, the results of the votes would be re-
ported in the minutes of the general meeting, where the sha-
reholders casting their ballots on individual motions would
be identified, as well as the names of those abstaining; ho-
wever, the names of those voting against the motions would
not be listed. The law did not require the names of voters to
be supplied during the general meeting. He also indicated to
the shareholder that his proposal regarding the allocation of
net profit had been noted.
The CEO replied to shareholder Pedersoli
saying that, as di-
sclosed to the market on 21 April past, as a result of an a-
nalysis of the benefits linked to the various strategic op-
tions concerning Pioneer Investments, it had been decided
that the best solution was to focus on the restructuring and

organic growth of this Company which produced a satisfactory
level of profits. With reference to the prevailing financial
features of UniCredit and the situation of the derivatives in
relation to Intesa SanPaolo, he commented that, in terms of
the net position of the derivatives vis-à-vis total assets,
the position was practically similar, whereas as regards the
convertible and subordinated hybrid equity-linked securities
("cashes") , he informed the Meeting that in-depth analyses
were under way in light of the recent regulatory changes on
the subject of banking capital. If deemed necessary, as a re-
sult of the outcome of such analyses, UniCredit would under-
take any required initiative so as to confirm that the issued
shares would be treated as core capital. On the possible need
to recapitalise the Bank, he confirmed that for the time
being no capital increase was envisaged and only when there
was a regulatory framework developed for systematically si-
gnificant financial institutions, would it be possible to as-
sess any further needs. On the subject of the use of new re-
sources in the event of a recapitalisation, he reminded the
Meeting that over the past two years, in line with the de-
mands for a strengthening of the assets base by the various
stakeholders, the Group had gradually increased its asset ra-
tios and that it was likely that such a trend would continue,
in line with that which was happening in the first quarter of
2011.

On the issue of Italpetroli and the AS Roma Football Club, he
informed the Meeting that as a result of the compromise agre-
ement with the Sensi family, the majority shareholder of I-
talpetroli, as of July 2010 the composition of the boards of
the Holding companies and their subsidiaries had been amended
by including also directors indicated by the Bank. Still as a
result of the above agreement, there would commence a dive-
stment process for the assets of the Italpetroli Group
through competitive procedures, with the aim of optimising
earnings to the benefit of the Group’s creditors. As regards
the Fondiaria-SAI transaction, the CEO confirmed that it had
been conducted to protect the Bank’s credit and not from a
"system bank" perspective. He confirmed that, against the
mortgage loans granted, there was security and on real estate
properties and liens on Premafin shares, while there was no
security on the capital investment. With reference to the fu-
ture prospects of the insurance arm of the Ligresti Group,
there were expectations for a recovery of the profit perfor-
mance, which had been penalised in recent years; as regards
the real estate section, linked to the sector’s ma-
cro-dynamics, he stressed that the assets were concentrated
mainly in Milan and Rome and would therefore have a rather
high realisation potential value.
On the issue of the Cirio debentures, he informed the Meeting
that, albeit being confident about a favourable assessment of

the Bank’s claims by the Courts, the Bank had decided to
reach a compromise with the Cirio debenture holders, who had
filed a civil action attached to the criminal proceedings
with the Rome Court, for the sole purpose of avoiding lengthy
and expensive disputes in the civil courts. It was impossible
to rule out further compensation claims which would be asses-
sed also in light of intervening statute of limitation deve-
lopments.
On the issue of a possible conflict of interest with Intesa
SanPaolo as alleged shareholder of Carlo Tassara S.p.A., he
pointed out that such a conflict did not exist. In fact it
was Carlo Tassara S.p.A. which had an investment in Intesa
SanPaolo. The management of the individual investments by
Carlo Tassara appeared to be decided with total independence
from the Company through its office-bearers. Therefore, the
moratorium agreement currently in force between the companies
and the banks included the general terms of an indebtedness
reduction procedure, without going into the details of any
specific asset management initiative. He confirmed that, as
things currently stood, one did not envisage any particular
issues regarding relations with the company in question.
As regards the Acqua Marcia Group, the CEO confirmed the exi-
stence of an ongoing contact between the lending banks and
the Group for the purpose of managing certain financial dif-
ficulties that had surfaced in recent months. Based on finan-

cial data notified to the banks by the Company’s advisor, it
seemed, however, that the overall value of the assets was mo-
re than sufficient to ensure the repayment of the loan over
time: therefore a favourable outcome of the financial re-
structuring plan development process was expected.
On the issue of the shareholders considerations on the Capi-
tal Accumulation Plan (so-called PAC) advertisement, the CEO
noted that the ad was not an invitation to trade. He then
pointed out that PAC was a form of gradually building up an
assets base, through repeat investments over a 5-10 year pe-
riod, which enhanced risk diversification for the customer,
and should a share facility be chosen, consistent with the
customer risk profile, it allowed the latter to enter the
market at diversified prices and to lessen the impact of a
volatile market. This was the sense in which the concept of
opportunity needed to be understood. Finally, he informed the
shareholders as to the bank’s prospects, highlighting the ex-
pectation that the results covering the first quarter of 2011
(to be announced on 12 May) would be favourable.
The CEO replied to shareholder Fiorentini, who had sought
clarifications on the fate of the Libyan shareholdings rela-
tively to the right of option in the event of extraordinary
recapitalisation operations, explaining that the rights of
option held by the Libyan shareholders, in the event of a ca-
pital increase, would be "frozen" pursuant to UN and EU reso-

lutions and therefore such rights would not be able to be e-
xercised.
On the other hand, as regards the possible transfer and ca-
shing-in of such rights of option, this would depend on the
provisions applicable and the jurisdictions where the shares
were lodged and the rights of option credited, and in parti-
cular, on the legal treatment of the possible disposal of the
"frozen" assets.
As for the issue of possible disputes in the event that the
Libyan shares suffered a cut in percentage as a result of
"orders from above", he stressed that the implementation of
any "freezing" provisions contained in legislation could not
be a source of liability for the Bank.
The CEO, in response shareholder La Verde's request for cla-
rification regarding the future of Pioneer Investments, ob-
served that after exploring various possibilities in recent
months, it was decided to keep the company as part of the
Group. He declared that Pioneer Investments had never been
"in crisis" and, indeed, was enjoying systematic growth, as
could be seen from its improved financial results and busi-
ness volumes. Nonetheless, he continued, a review of the
strategic plan of Pioneer Investments was entering its final
phase, and this should, inter alia, lead to an improvement in
the quality of its products and greater customer satisfac-
tion.

As to the causes of the low profits in Italy, he explained to
shareholder La Verde – and also in response to a similar re-
quest from shareholder Lagani - that in 2010 the UniCredit
Group not only paid the price of low interest rates, but also
and most importantly, had to deal with the high cost of risk,
which led to the setting aside of a considerable sum in a
provision that had a negative impact on tax liability.
He
reassured the shareholder that the Group had every intention
of returning to an adequate level of profitability in Italy
from as soon as 2011 and, in his opinion, had the tools to a-
chieve this.
The CEO also confirmed the interest of the Group in the area
of Central-East Europe, which it views as strategic from the
perspective of medium/long-term growth.
In fact, average GDP growth in this area in 2011 was 3.8%,
nearly three and a half times higher than in western coun-
tries such as Italy. He made it clear that the Group was pur-
suing a diversified strategy in this area on a coun-
try-by-country and business-by-business basis. In countries
with high growth potential and where the Group was already a
leader or where it had been operating for years (countries
such as Poland, Turkey and Russia), the strategy, he said,
was to achieve consolidation/growth. In countries where the
Group's presence was less extensive or whose development pro-
spects were limited, the Bank would decide whether to operate

in specific business areas, act as a universal bank or else
disinvest. In any case, its aim would be to retain its posi-
tion of leadership in the area in question. With specific
regard to the Group's position in Kazakhstan, the CEO pointed
out that, first of all, the due diligence reporting had been
done at the time by divisions of the Group with the support
of a leading consulting firm. Secondly, he continued, the
writedowns were made in the wake of a financial crisis that
had also impacted on Kazakhstan in the period following the
acquisition. In this regard, he noted, some of that country's
banks had reported losses so large that they were able to
continue operating only thanks to heavy government interven-
tion, but UniCredit was not among them. He concluded with the
observation that Kazakhstan still offered good prospects for
recovery and development.
Regarding the shareholder's request to confirm whether Uni-
Credit required a capital increase of Euros 8 billion to
reach a Tier 1 capital ratio of 10%, the CEO said that, in
view of the purely commercial vocation of the Bank, there was
no evidence for the time being to suggest UniCredit needed to
build up such a high level of capitalisation.
He therefore
confirmed that, for now, UniCredit had no intention of in-
creasing its capital, it being understood that if any need to
strengthen capital were to arise, the situation would be as-
sessed once the relevant laws and necessary regulations for

systemic banks had been put in place.
As for the amounts paid to subscribers of UniCredit CASHES,
the CEO reiterated what he had said in reply to the sharehol-
der Pacifico, namely that in 2010 UniCredit had paid out a-
bout Euros 156 million in connection with a usufruct agree-
ment entered into with Mediobanca.
Addressing the question of UniCredit's impaired loans, the
CEO told the shareholder that the increase in the stock of
gross non-performing loans between 2008 and 2010 was primari-
ly ascribable to the deterioration of the Italy portfolio,
which had increased by Euros 16 billion in the period. The
rate of growth in non-performing loans had in any case star-
ted to slow during 2010, including in Italy, and should sta-
bilise in 2011. The CEO specified that a geographical break-
down of non-performing loans at the end of 2010 showed that
Euros 44 billion pertained to Italy, Euros 9.3 billion to
Germany, Euros 4.2 billion to Austria, Euros 1.5 billion to
Poland and Euros 8.2 billion to the rest of Central-East Eu-
rope.
With reference to the AS Roma transaction, the CEO said that
the net sum to be received by the Italpetroli group resulting
from the sale (around Euros 60 million, net of a Euros
10-million loan to AS Roma by the seller) would be used by I-
talpetroli to pay creditors. As regards the Bank's future ro-
le in the light of the agreements reached with the new share-

holders of AS Roma, the CEO specified that the initial inve-
stment would be approximately Euros 28 million, to which 40%
of the cost of a possible public offer of shares might have
to be added, along with a successive capital increase of at
least Euros 35 million. The investment would be made at mar-
ket rates, he said, and would include all the protections
normally accorded to minority shareholders in such situa-
tions. In any event, the agreements already included provi-
sions that permit and regulate the partial disinvestment by
the Bank of its equity interests, and contacts have been ma-
de to this end. UniCredit, the CEO continued, would also be
providing a 5-year Euros 30-million loan to AS Roma, which
would, obviously, be made at market rates. The fresh finan-
cial resources thus raised (via the capital increase and the
loan) had no specific destination, he said, and would be used
by AS Roma to cover financial requirements relating to cur-
rent operations and to undertake initiatives to develop busi-
ness.
The CEO responded to shareholder Bertani’s query regarding
the underlying parameters of UniCredit shares independent of
its share price performance by underlining the fact that alt-
hough long-term share price performance was a significant in-
dicator, it was not always a valid indicator over the short
term. Indeed, as is true for every listed company, current U-
niCredit share price performance reflected a very short-term

market view, and was impacted by trends that were partially
driven by external factors. Apropos of this, he noted that in
recent times the negative impact of the crisis in so-called
"peripheral countries" had had an impact on the share price
listings of many listed companies in those countries. He went
on to say that over the long term, he expected to see an im-
provement in the Group's sales and earnings performance,
which would have an impact on the UniCredit share price.
After reiterating what had already been said to shareholders
Cassinelli and Pedersoli regarding a potential capital in-
crease over the next two years, the CEO confirmed that as far
as the financial strategies in Italy were concerned, UniCre-
dit's role was above all to continue to grow and become more
efficient, and to stay proximate to the real economy and to
Italy as a nation. On the specific topic of relations with
Mediobanca, the CEO noted that the Bank's equity investment
should be considered strategic; as regards Generali, given
that the Bank did not hold any equity interest, UniCredit
could not influence Generali’s strategic orientation. When it
came to the Group's international financial strategies and
the opportunity of playing a lead international role, the CEO
pointed out that UniCredit has one of the largest internatio-
nal reaches of any banking Group, operating in 22 countries
in Europe and close to the same number of nations outside Eu-
rope through its own banks and branches. He went on to point

out that its international strategy remained vital for Uni-
Credit, among other things as a means of boosting the Group's
profitability while maintaining its long-term leadership in
the highly strategic Central and Eastern Europe region.
Regarding the query made by shareholder Lagani about the a-
mount that the Group invested in human resources, the CEO re-
ferred him to the information presented on page 253 of the
consolidated financial statements, specifically section 11.5,
"Administrative Costs", according to which at Group level a-
round Euros 64 million was spent on training – up on the pre-
vious year. The CEO confirmed that the company expected to
continue investing appropriately in 2011. Indeed, he believed
that this approach was vital for the Group, as proven by the
fact that in 2010, alongside administrative cost containment,
investments in employee professional development increased.
As regarded profits in Italy for the first quarter of the
year, the CEO reiterated that these results would be announ-
ced on 12 May.
Once again, the CEO highlighted that the Group had improved
its capitalization ratio in recent years, achieving a Core
Tier 1 ratio of 8.58%, which complied with Basel III in De-
cember 2010. He went on to confirm that no changes to capital
were in the pipeline at present. The CEO further stated that,
in all likelihood by the end of the year, when the Financial
Stability Board and the Basel Committee had published greater

detail on the regulations that would apply to relevant syste-
mic financial institutions, an assessment would be made re-
garding any need to undertake further strengthening.
With regard to the solutions UniCredit was adopting techni-
cally and operationally to improve the granting of loans, and
as regarded the control of risk, the CEO informed shareholder
Columbro that the Group had initiated, in Italy and abroad, a
series of ventures designed to bolster the post-disbursement
loans process, with a view to avoiding deterioration over the
next few years. Specifically in Italy, he stated that changes
had also been made in recovery and restructuring across the
different customer segments, in some cases through technolo-
gical investments to improve activity support. He stated that
it was his belief that the ventures undertaken guaranteed U-
niCredit an effective and efficient system for managing cre-
dit risk and for recovering loans, which would already be y-
ielding positive results from the current year of 2011.
Concerning how efficiently or otherwise UniCredit staff were
being utilised in the wake of the recent reorganisation of
the Group’s main banks, he pointed out that appropriate em-
ployee training in loco meant that the project had essential-
ly freed up employees from head office and local management
offices, and reassigned them to front-office direct customer
contact activities. He assured the Meeting that ventures were
in the pipeline to eliminate any situations where employees

were not being optimally utilised within the Group.
Replying to the concerns raised by shareholder Dobrilla re-
garding the financial details of the offer received by Uni-
Credit for AS Roma, the Chief Executive Officer began by
pointing out that he was obviously not in a position to com-
ment on offers that, as reported by the shareholder, had ap-
parently been received directly by the Sensi family. The la-
test offer received by UniCredit had been deemed the most at-
tractive given the currently challenging market scenario; the
transaction had been conducted transparently, with the help
of external advisors, and on a competitive basis. For these
reasons, he did not believe the current offer could be compa-
red with the one the shareholder mentioned.
Concerning the possibility of including retired former em-
ployees in the recent trade union agreement on social securi-
ty services associated with the former Cassa di Risparmio di
Roma Pension Fund, the Chief Executive Officer said that the
Group had devoted close attention and displayed a strong sen-
se of responsibility towards the former Cassa di Risparmio di
Roma Pension Fund; in fact in spite of the dispute that had
arisen, thanks to a recent complex union agreement, UniCredit
had intervened to meet the expectations of the employees in-
volved in respect of supplementary pension payments. The pro-
visions of the agreement could obviously not apply to em-
ployees who had retired, and therefore were already receiving

a pension and benefits from the Fund. This solution was un-
doubtedly a fair one, also in view of the fact that the hand-
ful of legal disputes that had arisen in regard to this issue
had ruled in favour of the Bank. That having been said, the
Chief Executive Officer did not rule out the possibility that
the relevant department of UniCredit might look further into
the matter.
With regard to the uncertainties expressed by Ms Ivana Enrica
Pipponzi about how provisions were allocated to the Risks and
Charges Fund to cover claims relating to the Cirio, Parmalat
and Madoff cases, the Chief Executive Officer explained that
provisions to cover existing litigation were made on the ba-
sis of the current accounting standards together with an
in-depth examination of specific positions. The analysis was
conducted on a case by case basis using information that was
known and taking into account the views of outside professio-
nal advisors. As stated in the balance sheet, in many cases
there was considerable uncertainty about the likely outcome
of court proceedings and the extent of possible losses; such
cases include criminal and administrative proceedings brought
by the Regulators and cases where plaintiffs had not specifi-
cally quantified their claims, as was the case of the Putati-
ve Class Actions in the United States. When it was impossible
to forecast outcomes and reliably estimate possible losses,
no provisions were allocated. It went without saying, he con-

tinued, that when it was possible to reliably estimate the
extent of expected losses, adequate amounts were provisioned
in the accounts according to the circumstances and in com-
pliance with the international accounting standards (IAS). To
cover potential liabilities that may arise from pending law-
suits in which the UniCredit Group is a defendant, in matters
unrelated to employment, taxes or credit collection, as at 31
December 2010 the Fund for risks and charges amounted to Eu-
ros 1.387 billion. As explained previously, it would be
clearly impossible to state with absolute certainty that the
fund alone would suffice to cover all charges, claims and in-
demnities relating to pending lawsuits.
Regarding the recent settlement proposals for Cirio and Par-
malat bondholders and their possible valuation for the purpo-
ses of the provisions allocated in 2010, the Chief Executive
Officer recalled that negotiations with Cirio and Parmalat
bond-holders had started in early 2010 therefore the Bank’s
possible liability could only be reliably quantified last
year, therefore the relevant provisions were booked in finan-
cial year 2010.
Regarding the timing and conditions under which the dispute
with the Costanzo family were defined, the Chief Executive
Officer explained that, as disclosed in the notes to the ac-
counts, the matter was finalised at the end of 2010 with no
disbursement by the Bank as part of a larger overall settle-

ment with the Costanzo family.
Regarding the complaint about an alleged failure to report
the recent transaction finalised with the Ligresti Group in
the Explanatory Notes, the CEO pointed out that UniCredit’s
involvement in the recapitalisation of Fondiaria Sai was men-
tioned on page 40 of the Report on Operations, as one of the
important events that took place after the year’s accounts
were closed, while starting on page 235, in Part H of the Ex-
planatory Notes, there was an aggregate list of related party
transactions completed during the reference period.
Addressing Mr Rosania, he then confirmed that Italy’s default
rate was higher than other Western European reference mar-
kets, especially Germany and Austria, while losses were lower
thanks to existing guarantees.
He added that as of mid-2010
Italy’s default rate had started to significantly and steadi-
ly decline.
Regarding the bank’s growth and risk management strategy, the
Chief Executive Officer stressed that the management was sa-
tisfied with the Group's current geographical and business
diversification; moreover, UniCredit's strategy was still fo-
cussed on recovering profitability and growing selectively in
high-potential areas with a risk profile that was acceptable
and consistent with that target. However, although the situa-
tion today was completely different to what it was several
years ago, management intended to ensure that the Bank had an

adequate profitability level while keeping a prudent risk
profile.
Regarding the Bank of Italy's inspections since 2008, and e-
specially the outcome of the inspections into lending activi-
ties, as reported by the press, the CEO replied that while
specific details were not available, if the shareholder was
referring to the credit inspection conducted in 2009, the
outcome had been favourable. Generally speaking, the Bank of
Italy’s inspections were a routine part of its supervisory
duties, and any sanctions imposed on the Bank were always pu-
blicly disclosed in the appropriate manner. Consequently, if
no sanction proceedings were reported, this meant that the
inspections did not have any consequences for the Bank.
He then noted that the shareholder had made a comment about
the commitment and attention devoted by UniCredit to enhan-
cing the value of the Group’s female employees and of diver-
sity in general, to support employees and their families du-
ring different stages of their lives, including motherhood.
In this respect, female employees with children receive a
number of benefits that vary from country to country depen-
ding on local laws or practices. For example, UniCredit of-
fers flexi-time, increasing access to tele-working, health
care plans, child care services and sometimes even summer
camps for children and other forms of financial support for
employees in need: from all this emerges the Group's growing

attention towards and serious and absolute focus on its fema-
le employees.
Regarding the question on minimum and maximum current account
costs and charges, the Chief Executive Officer advised that,
based on the Bank of Italy’s instructions for calculating the
synthetic cost index and current conditions applied to priva-
te customers, the average annual cost, according to the cri-
teria set forth by the aforesaid synthetic cost index, ranged
from a minimum of Euros 10 to a maximum of Euros 111.
With reference to the suggestion that current account condi-
tions be notified by registered letter with advice of receipt
by the addressee, the CEO replied that the current regula-
tions concerning the modification of contractual conditions
did not call for notification to be forwarded with this form
of postage, nor was it a regulatory requirement to post noti-
fications to customers by registered mail with advice of re-
ceipt by the addressee. Accordingly, notifications would con-
tinue to be forwarded by regular mail or by email to custo-
mers using online banking services. Naturally this option al-
so served to contain costs, which otherwise would be extreme-
ly high.
With regard to the possibility of shareholders attending the
AGM by teleconference, the Chief Executive Officer stated
that UniCredit was largely in favour of this option, and that
a decision would be taken on this issue after weighing up the

pros and cons as well as the relevant complexities also in
terms of costs.
Concerning the different UniCredit stock prices on 6 March
2009 published in three different documents on the Borsa Ita-
liana and UniCredit websites, the Chief Executive Officer
said he was not sure which documents Mr Rosania was referring
to. At any rate, he stated that in 2009 there had been a new
share issue for the scrip dividend and capital increase, and
that historical data might have been adjusted to ensure a
standard calculation of the Bank’s performance. However, the
section of the UniCredit website mentioned by Mr Rosania,
that reports share price trends for the benefit of readers,
is supplied by Teleborsa, i.e. Borsa Italiana.
The Chief Executive Officer concluded his reply by addressing
shareholder Pacifico and explaining that, in addition to the
answers already provided, the amount for dividends not paid
on UniCredit shares subject to a usufruct right was about Eu-
ros 29,026 million.
The Chairman took the floor again and, after thanking the
Chief Executive Officer for his detailed replies to the sha-
reholders’ questions, went on to answer a few other queries
regarding the departure of the former Chief Executive Offi-
cer, Mr Alessandro Profumo, from the Group.
Without disregarding the merits of Alessandro Profumo in the
past 13 years, as declared upon Alessandro Profumo exit, time

had come for a change of leadership, thus reestablishing
trust with another CEO. A person capable – at one side – to
fit into a governance framework based upon transparency, in-
formation flow, discussion and consensus and – on the other
side – to turn around results and redefine business priori-
ties also in a scenario which has dramatically changed after
the crisis.
In fact, with regards to corporate governance it is well
known that there had been various tensions in the past; that
is to say difference in views that had caused governance pro-
blems and the need to secure due respect of the roles.
In particular, with regards to the impact of Libyan issues,
there is nothing to add to what has already been stated; in-
deed, it would have been very important for the Board to ti-
mely know about the increase of the Libyan shareholdings.
It is also clear that the attitude by the Board members had
changed after yearly results had substantially decreased to-
gether with share prices, ratios and comparables had worsened
and capital increases had become necessary. Indeed the need
and the intentions to proceed for a change of leadership was
pretty widespread and the initiative triggered by a wide con-
sensus.
Anyway, once the consensus as to the exit of Alessandro Pro-
fumo was reached, it was agreed that it was in the interest
of the parties, to come to bilateral rather than unilateral

termination; a consensual termination, rather than unilateral
termination as provided in the existing agreement was worked
out into a new agreement taking into account the provisions
of the existing one.
In determining and agreeing upon the amounts to be paid upon
Alessandro Profumo exit, the then existing contract has been
considered as the substantial framework to refer to and the
actual benchmark to be used in evaluating the outcomes for
the Bank and the balance of the outstanding interests.
By the way, the existing contract was executed as of May
15 th , 2002 as an open term employment contract thus subject
to applicable Italian labor law. Differently from what has
been written also recently in the press, the most relevant
provisions of the existing contract – and in particular, the
principles concerning payments due upon termination – were
made public upon several occasions included in annual report
and thus known also by the markets since 2008.
The global annual compensation to be considered in the calcu-
lation of the indemnity included both the fixed remuneration
components (based salary and other recurring items) as well
as the variable ones, both on the short term (short term bo-
nus defined within the annual incentive system for the Group
Executives) and on the long term (granting value of equity
incentive instruments, represented by performance shares and
performance stock options, or equivalent cash tools).

Such provisions – which were in line with what set forth in
the National Collective Labour Agreement for executives with
similar seniority – could have been amended only in agreement
between the parties, in view also of the relevance given by
the Supervisors’ (CEBS) regulations to collective/individual
labor contracts.
In the interest – among the rest – to avoid controversies as
to the interpretation and performance of the existing con-
tract, as well as uncertainty within the Bank and on the mar-
kets, a mutually agreed upon rather than unilateral termina-
tion of the existing relationships was negotiated; this was
thus done in line with common practice and, as said, conside-
ring the provisions of the existing contract as the frame-
work. That is why a new and specific agreement providing for
consensual termination and, consequently, an incentivo all’e-
sodo to be paid was signed.
The amount of 36.5 million Euros paid to Mr. Profumo (while
1.5 million has been paid in consideration of further non
compete obligations) is less than the total costs for the
Bank which could have been related to the payment of up to 36
months of compensation as indennità di preavviso
as provided
in the existing contract (and made public) as well as the mo-
netization and payment of the rights accrued at the time of
termination (STI 2010, LTI Cash 2010, Deferral STI 2009 and
Performance Share 2007 and 2008).

The amount paid is all-including, therefore no further amount
will be paid for pensions, labor or other title.
In any events details of the amounts paid have been provided
at pag 239 of UniCredit SpA Financial Accounts.
In the termination agreement, UniCredit also undertook to ef-
fect a charitable donation of € 2 million in favor of a
non-profit organization, the “Fondazione Sasso di Maremma On-
lus”, operating in province of Grosseto for the rehabilita-
tion of people in difficult situations, drugs addicted and
with mental illnesses.
The Chairman then took the opportunity to make a few general
remarks about a suggestion from a shareholder to introduce
salary ceilings in future. He observed that Regulators had
considered this issue over the years, but had opted to go
beyond the concept of a mere cap or limit, and had instead
emphasised the need for remuneration policies and practices,
within a clear and transparent governance framework, to be
consistent with a policy of sound and prudent risk manage-
ment, correlated with sustainable performance over time. In
accordance with these indications, the 2011 Group Remunera-
tion Policy establishes that compensation levels should not
only be consistent with national and international require-
ments, but also comply with a strict governance process. With
specific reference to severance payments, the remuneration
policy takes long term performance into account, in terms of

shareholder added value, as well as any local legal require-
ments, collective and individual contractual provisions and
any individual circumstances including the reason for termi-
nation. In line with international regulations any severance
provision exceeding the ones provided by Law/National Labor
agreement locally applicable shall be avoided and in absence
of such rules, severance payments in lieu of advance notice
should not exceed 24 months of total remuneration.
Going on to the remarks made by shareholder Bielewicz regar-
ding the risk that Mr Profumo might become involved in acti-
vities in competition with the Group, the Chairman pointed
out that under the final agreements, Mr Profumo was prohibi-
ted from carrying out activities, in any form, in favour of
companies operating in the financial sector in Italy, Germany
and Austria.
Lastly, replying to the opinion expressed by shareholder Ro-
veda, the Chairman said he disputed the view that Mr Ghizzoni
was not very well known abroad: the Chairman in fact under-
scored the fact that the Chief Executive Officer was a highly
qualified manager with extensive international experience (as
could be gleaned from his résumé), fully recognised by the
international financial community. Mr Ghizzoni had in fact
worked in London, Singapore, New York, Warsaw, Vienna and I-
stanbul; moreover, before his current appointment, he had
been the Head of the Group’s CEE business.

On conclusion of his responses, the Chairman invited the
Chairman of the Board of Statutory Auditors, Mr Lauri, to ta-
ke the floor.
Mr Lauri addressed the claims by shareholder Santoro that for
some time, the Board of Statutory Auditors had been adopting
a policy of see no evil, hear no evil, speak no evil. Apart
from the fact that, as is generally acknowledged, time is a
variable open to subjective interpretation, he pointed out
that the current Board of Statutory Auditors had been appoin-
ted on 22 April 2010, and had therefore been in office for
just one year. He assured the Meeting in any event that the
Board, and indeed its predecessor, sees, hears and speaks as
required, pursuant to the terms and conditions laid down by
law. Shareholder Santoro had gone on to raise a question a-
bout UniCredit Credit Management Bank. Notwithstanding the
fact that the CEO had responded thoroughly to this question,
Mr Lauri noted that this matter had been reported by the sha-
reholder himself pursuant to Article 2408 of the Italian Ci-
vil Code, and that the Board of Statutory Auditors had, in
its report, offered a full response on the matter. Sharehol-
der Santoro had also raised another matter concerning the
Dharma Holding financial company. After noting that this is-
sue had not been included in the shareholder’s previou-
sly-mentioned report to the Board of Statutory Auditors, the
Board nevertheless remained at shareholders' disposal pur-

suant to law, and would respond to any questions.
Lastly, concerning the issue raised by shareholder Ziliotto
regarding the participation of corporate offices in Masonic
lodges or other associations and organisations, he pointed
out that page 58 and subsequent pages in the Report on Corpo-
rate Governance contained all information on members of the
Board of Statutory Auditors.
The Chairman thanked Mr Lauri and invited Mr Pacifico to pro-
ceed with the next reply.
Shareholder Riccardo PACIFICO
took the floor and, thanking
the CEO for his courtesy, said that although UniCredit had
always complied with the legal requirement to publish quar-
terly reports, his request had been for the Q1 report to be
distributed before the general meeting for the approval of
the annual results, as a gesture by the company of its wil-
lingness to work with shareholders.
In relation to the question of the CASHES, he pointed out
that the holders of these securities had received not only
the return due to them but also the value of the warrants,
since, as far as he could ascertain, the issue price of the
shares had been below the market rate.
He questioned the claim that the stake in Mediobanca was
strategic for UniCredit, given that Mediobanca was a poten-
tial competitor.
Finally, he remarked that it was incorrect to argue, as had

een done, that UniCredit was in no way connected to Genera-
li, since Generali was controlled by Mediobanca, one of whose
most important shareholders was UniCredit.
Mr Michel MARBOT
took the floor and announced his intention
to vote against the motion to approve the accounts because he
felt insufficient provisions had been set aside in Poland and
the Ukraine. He specified, however, that his vote against
should not be construed as a form of no confidence in the new
management of UniCredit, for which he reiterated his esteem.
He concluded with a reaffirmation of his confidence in the
future of the Bank.
Shareholder Jerzy Cezary BIELEWICZ
took the floor, and reite-
rated his concern at the situation in Poland. He observed
that while UniCredit was holding its AGM, the Polish Minister
of Finance - who several years ago had been a consultant to
the Management Board of Bank Pekao SA - was facing a vote of
no confidence in the Polish Parliament. He also reminded tho-
se present that Poland was one of four EU countries to have
increased its public sector deficit in 2010 and, even though
its national debt had risen, there had been no corresponding
GDP growth. In fact, it was unemployment that was growing.
Finally, he expressed his satisfaction that UniCredit had not
considered the possibility of selling off Bank Pekao SA.
Shareholder Pierluigi ZILIOTTO
took the floor to say that the
Bank's new policy was bearing fruit.

Whereas he acknowledged that the restructuring of the compa-
nies associated with Mr Biasi had been necessary, he reitera-
ted his condemnation of the loan authorisations and facili-
ties that had been granted prior to the restructuring. He al-
so voiced his concern at the absence of personal guarantees
in the operation, saying that the assets of the companies we-
re not, on their own, sufficient guarantees.
He pointed out that he had been seeking information about the
granting of possible soft loans to companies owned by UniCre-
dit officers or in which they had equity interests, rather
than information about the Bank's transactions with related
parties.
He said he had received no elucidation regarding the member-
ship of Board Members and Statutory Auditors of various in-
stitutes and associations, and he emphasised the importance
of such information.
Shareholder Lanfranco PEDERSOLI
took the floor and spoke of
his concern at the current arrangements in the banking system
which, in a departure from past practice, no longer distin-
guished between a "pure" and "mixed" bank. He said "pure"
banks financed medium/long-term
operations without raising
funds through mediumand long-term savings, and cited the e-
xample of banks issuing bonds destined for institutional in-
vestors which were effectively guaranteed by real esta-
te-backed lending and mortgages. To make sure the present ar-

angement did not cause serious difficulties for the banking
system, he argued for the setting up of a special fund within
the Bank that would be destined for medium and long-term in-
vestments, and proposed that deadlines be set for depositors
wishing to withdraw from the fund.
As regards AS Roma, Mr Pedersoli said that while the situa-
tion was better than in the past, it had been a mistake not
to exercise the option at the time.
He expressed his dissent at the way in which the replacement
of Mr Geronzi at Generali had been handled, saying that, in
his opinion, UniCredit had not been transparent in the way it
acted through its equity investment in Mediobanca.
Finally, he suggested that in the case of bond issues and ca-
pital transactions, the Bank should make more frequent use of
the professional resources of its own legal affairs depart-
ment rather than resorting to external lawyers who demand ve-
ry high fees, even when they are providing little much more
than a standard service.
Shareholder Francesco SANTORO
took the floor and criticized
the transaction for the sale of AS Rome, saying that it had
been structured as a leveraged buyout, so that the loan was
backed by the same asset to which the loan referred.
With reference to bad debts, he warned against underestima-
ting the size of the problem and the associated risks, but
also noted that of the 197,000 letters sent out by the

Group's specialised debt collection company notifying default
borrowers that the statutory expiration of their debt was
being suspended, a mere 1% had been contested to date.
Finally, turning to the matter of "Dharma Holding", Mr Santo-
ro said the that the state securities posted as guarantees
for the bonds issued at the time had been replaced by securi-
ties of a company that is on the verge of bankruptcy. He a-
sked the Board of Statutory Auditors to say whether, in the
event of documented evidence of misconduct, there might be
grounds for filing a report with the judicial authorities.
Shareholder Riccardo DOBRILLA
took the floor to express his
satisfaction at the CEO's willingness to explore possible so-
lutions to the problem of the Pension Fund, saying the situa-
tion had dragged on for too long.
Mr Elman ROSANIA
took the floor and asked for the minutes to
record his contribution in full. He then delivered the follo-
wing speech:
"I have taken the floor again at 5.05 pm at this Sharehol-
ders' Meeting, which began at 10.30 am with only a short
break of fifteen minutes. I wish to declare my dissatisfac-
tion at the manner in which the Meeting is being conducted in
respect of the Chairman and the Notary's decision, of which I
have just now been informed and that I hope may be reversed,
not to attach to the minutes of the Meeting a document of on-
ly four pages that I had consigned to them (as being an inte-

gral part of the speech I am making during the present di-
scussion of item 1 of the agenda for the approval of the An-
nual Report of 31 December 2010) dealing with the divergence
between the information supplied by Borsa Italiana (the Ita-
lian Stock Market) and that supplied by UniCredit on the web-
site unicreditgroup.eu regarding the share price of UniCredit
on 6 March 2009.
"As I already noted at the previous Meeting of UniCredit Sha-
reholders on 22 April 2010, this decision conflicts with the
position adopted by the very same Chairman and Notary
vis-a-vis the minutes of the Shareholders' Meeting of 8 May
2008 in Rome. At that meeting, both the Chairman Dieter Rampl
and the Notary permitted the inclusion, as an integral part
of the speech I delivered on that occasion, of an attachment
consisting of extracts of pages 1, 40, 57, 58, 59, 61 and 63
of Ruling no. 71/2008 issued by the Civil Court of Melfi in
the Region of Basilicata in southern Italy affirming the nul-
lity of the financial statements of the strategic subsidiary
Banca Mediterranea S.p.A. for the year ending 31 December
1999, which had been prepared with a view to finalizing the
merger, and ruling that the statements ’were not only un-
clear, but were also untrue and inaccurate, since they de-
scribed a situation that was significantly different from the
real economic situation of the company' (page 40 of the Ru-
ling).

"At the aforementioned Shareholders' Meeting of 8 May 2008,
the Chairman and the Notary also, unless I am mistaken, anne-
xed another document to the minutes as constituting an inte-
gral part of a declaration made by a shareholder speaking on
behalf of the Staff Pension Fund of the Bank.
In regard to this and in regard also to the manner in which
the Chairman conducted the Shareholders' Meetings of 16 No-
vember 2009 and 22 April 22 2010, I respectfully restate my
objections and grave reservations. Accordingly, should the
recorded minutes of the present Meeting fail to include the
aforementioned document of just four pages that I consigned
in as much as it forms an integral part of my contribution to
the debate here today, then my contribution must perforce be
deemed incomplete, impaired, distorted and irregular, with
the consequence that the freedom to speak and comment has
been insulted.
"I hereby give notice that the aforementioned documentation
and the text of my speech that, as requested, I consigned in
the meeting hall to the staff appointed by the Company, will
in any event be reconsigned next week at the registered offi-
ce of UniCredit in Rome at no. 16 Via Alessandro Specchi, and
delivered also to the bank supervisory authorities, in repe-
tition of the procedure I followed before when the Chairman
made disputed cuts to the written speech to the Shareholders'
Meeting delivered by Mr Gianpaolo Di Lucchio and his collea-

gue Ms Ivana Pipponzi on the question of the capital increase
of €4 billion, and read out at the Meeting of UniCredit Sha-
reholders of 16 November in Rome. I also had recourse to the
same procedures when challenging the cuts made to comments
that I had deposited as being integral to the speech I deli-
vered at the other Meeting of UniCredit Shareholders on 22 A-
pril 2010.
"In any event, I declare my dissatisfaction at the responses
provided by the directors of UniCredit to the speeches deli-
vered by me and my colleague Ivana Pipponzi on behalf of the
minority shareholders of the former subsidiary company, Banca
Mediterranea of the provinces of Potenza, Avellino, Foggia
and Salerno in the regions of Basilicata, Campania and Puglia
in southern Italy.
"In conclusion, Mr Chairman, I request that the list of those
who abstained from voting include the names of the private
individual shareholders of the former subsidiary Banca Medi-
terranea del sud Italia whom I represent today and who are:
Maria Mitrione, Saverio Telesca, Giulia Notargiacomo, Andrea
Cappiello, Gianpaolo Di Lucchio, Potito Casella, Donato Po-
tenza, Vito Acquavia, Maria Telesca, Angelo Sari, Giovanni
Varlotta, Antonio Mimmo, Gianluca Telesca, Domenico Cordasco,
Valeria Delli Colli, Gianfranco Atella, Pasquale Galano, Lo-
redana Di Lucchio, Donato De Bonis, Clemente Dellicolli, Tom-
maso Bufano, Domenico Giglio, Salvatore Catapano, Cinzia Var-

lotta, Oriana Nolè, Bianca Gualandi, as well as Ms Ivana Pip-
ponzi (delegated by shareholder Maria Diodato).
"Further, in execution of my powers of proxy and in accordan-
ce with the instructions imparted to me by the private indi-
vidual shareholder Lidia Luciano, I also case a vote against
the motion, and request the vote to be registered in the re-
levant list.
"In recollection of Karol Wojtila, His Holiness Pope John
Paul II, who will be beatified in two days' time here in Rome
where this Meeting is taking place, I thank everyone present
for their attention. Thank you, Mr Chairman."
The Chairman then returned to the floor and moved on to the
voting on item 1 on the agenda.
He called on any shareholders who might have moved away from
their seats momentarily to return and to remain there throu-
ghout the voting.
Participants were asked to declare any exclusions from the
right to vote, or restrictions thereon, pursuant to:
- Articles 120, 121 and 122 of Legislative Decree no. 58 of
24 February 1998 (Consolidated Law on Finance) and the rela-
ted CONSOB regulations;
- Articles 19, 20 and 24 of Legislative Decree no. 385 of 1
September 1993;
- Article 2359 (ii) of the Italian Civil Code;
- Clause 5 of the company’s Articles of Association.

Having checked that nobody present had stated that they were
prevented from exercising their right to vote, the Chairman
put the following proposal to the vote:
"Approval of the Financial Statements as at 31 December 2010"
He then invited all voters to vote using the "voting termi-
nal" and to confirm their choice by pressing "OK".
After a short pause and having asked if everyone present had
voted, the Chairman declared the voting closed.
The Chairman announced the result of the vote as follows:
- 8,338,962,171 votes in favour, corresponding to 99.980220%
of the share capital present and entitled to vote and
43.264778% of the ordinary share capital.
The Chairman thus announced that the proposal had been appro-
ved, and asked me, Notary, to provide the Shareholders with
the details of the vote.
I, Notary, communicated that:
- 38 persons entitled to vote took part in the voting, repre-
senting 8,340,611,955 ordinary shares, corresponding to
43.273337% of the ordinary share capital, of which 83,402
were present in person and 8,340,528,553 by proxy.
8,340,611,955 ordinary shares were admitted to vote, corre-
sponding to 100% of the shares represented at the meeting;
- 8,338,962,171 votes in favour, corresponding to 99.980220%
of the share capital present and entitled to vote and
43.264778% of the ordinary share capital;

- 952,948 votes against, corresponding to 0.011425% of the
share capital present and entitled to vote and 0.004944% of
the ordinary share capital;
- 367,764 abstentions, corresponding to 0.004409% of the
share capital present and entitled to vote and 0.001908% of
the ordinary share capital;
- 392,072 not voting, corresponding to 0.003945% of the sha-
re capital present and entitled to vote and 0.001707% of the
ordinary share capital;
- the total of votes accounted for 8,340,611,955 shares.
The details of the votes cast would be available and would be
annexed to the Meeting’s minutes. I, Notary Public, read out
the list of the Shareholders who had voted against the mo-
tion, abstained or did not vote, and invited the attendants
to report any omissions or discrepancies in the list. The de-
tails of these adjustments would be included in the Meeting's
minutes.
The Chairman thus moved on to the voting on item 2 on the a-
genda.
After having checked that nobody present had stated that they
were prevented from exercising their right to vote pursuant
to the aforesaid Legislative Decree no. 58/98, Legislative
Decree no. 385/93, the Italian Civil Code or the Articles of
Association, the Chairman put the following proposal to the
vote:

"Allocation of the net profit of the year"
He then invited all voters to vote using the "voting termi-
nal" and to confirm their choice by pressing "OK".
After a short pause and having asked if everyone present had
voted, the Chairman declared the voting closed.
The Chairman announced the result of the vote as follows:
- 8,340,259,853 votes in favour, corresponding to 99.995777%
of the share capital present and entitled to vote and
43.271511% of the ordinary share capital.
The Chairman thus announced that the proposal had been appro-
ved, and asked me, Notary, to provide the Shareholders with
the details of the vote.
I, Notary, communicated that:
- 39 persons entitled to vote took part in the voting, repre-
senting 8,340,612,102 ordinary shares, corresponding to
43.273338% of the ordinary share capital, of which 83,549
were present in person and 8,340,528,553 by proxy.
8,340,612,102 ordinary shares were admitted to vote, corre-
sponding to 100% of the shares represented at the meeting;
- 8,340,259,853 votes in favour, corresponding to 99.995777%
of the share capital present and entitled to vote and
43.271511% of the ordinary share capital;
- 13,677 votes against, corresponding to 0.000164% of the
share capital present and entitled to vote and 0.000071% of
the ordinary share capital;

- 9,500 abstentions, corresponding to 0.000114% of the share
capital present and entitled to vote and 0.000049% of the or-
dinary share capital;
- 329,072 not voting, corresponding to 0.003945% of the share
capital present and entitled to vote and 0.001707% of the or-
dinary share capital;
- the total of votes accounted for 8,340,612,102 shares.
The details of the votes cast would be available and would be
annexed to the Meeting’s minutes. I, Notary Public, read out
the list of the Shareholders who had voted against the mo-
tion, abstained or did not vote, and invited the attendants
to report any omissions or discrepancies in the list. The de-
tails of these adjustments would be included in the Meeting's
minutes.
The Chairman moved on to item 3 on the agenda.
"Appointment of a Director for integration of the Board of
Directors, after reducing the number of Board members from 23
to 22"
The Chairmen then read out the Directors' report on this a-
genda item:
"Dear Shareholders,
Your Company's Board of Directors called the Ordinary Share-
holders’ Meeting so that a director could be appointed once
the number of Board members had been determined.
On 30 September 2010, the Board of Directors passed a resolu-

tion, approved by the Board of Statutory Auditors, co-opting
Mr Federico Ghizzoni pursuant to Article 2386 of the Italian
Civil Code and appointing him as the Chief Executive Officer,
in substitution of Mr Alessandro Profumo, who had resigned
his office.
Under that Article of the Italian Civil Code, the co-opted
director shall remain in office until the following Sharehol-
ders' Meeting, that is, until the approval of the 2010 finan-
cial statements.
Furthermore, as you know, Mr Salvatore Ligresti resigned his
office as a UniCredit director on 22 March 2011.
In the light of this and in accordance with the best interna-
tional governance practices, which favour limiting the size
of strategic management bodies, we propose that the number of
members of the Board of Directors be cut from 23 to 22, with
the consequent approval of a sole new director to the Board
with a term of office ending at the same time as the other
directors (that is, the Shareholders' Meeting called to ap-
prove the 2011 financial statements).
The proposed size of the Board of Directors along with the
personal traits, professional profiles and experience of the
directors currently in office are adequate to face the com-
plexity and specific features of the sector in which your
company operates.
We would also like to remind you that, when integrating your

Company's Board of Directors, the General Meeting in ordinary
session resolves on such matters using the majorities esta-
blished by law, without the list voting system being used.
Furthermore, we feel it pertinent to recall that the Board of
Directors has established certain requirements, in addition
to those set out in prevailing laws and regulations, that di-
rectors must meet and that govern the number of positions
that UniCredit directors can hold on supervisory, managerial
and controlling bodies in order to ensure the proper functio-
ning of the Board of Directors. The details of these are con-
tained in the "UniCredit Board of Directors’ Rules and Regu-
lations" published in the "Governance" section of the compa-
ny's website."
The Chairman then stated that, in terms of appointing a di-
rector at the Shareholders' Meeting that day, the Board of
Directors had decided to put forward the name of Mr Ghizzoni,
thus confirming the co-option of last September. The Chairman
then called for additional proposals to be presented, but no-
ted that the Board's proposal of Mr Ghizzoni would be put to
the vote before the others and, should it gain a majority of
votes, then voting would be closed on this item.
The Chairman asked me, Notary, to read out Mr Ghizzoni's CV,
partly for the authorisation purposes of Article 2390 of the
Italian Civil Code.
I, Notary, read Mr Federico Ghizzoni's CV, which is annexed

to this document.
Given the close link between the proposal to reduce the num-
ber of members of the Board of Directors and the appointment
of a Director, the Chairman proposed that these matters be
dealt with as one, although he noted that two distinct propo-
sals would be put to the vote.
The discussion was then opened to the floor, with a request
made for anyone who spoke to state their name and to keep
their contribution as succinct as possible, bearing in mind
that it was felt appropriate that no shareholder should speak
for more than 10 minutes.
Nobody asked to speak.
The Chairman then moved on to the first round of voting on i-
tem 3 on the agenda.
He called on any shareholders who might have moved away from
their seats momentarily to return and to remain there throu-
ghout the voting.
After having checked that nobody present had stated that they
were prevented from exercising their right to vote pursuant
to the aforesaid Legislative Decree no. 58/98, Legislative
Decree no. 385/93, the Italian Civil Code or the Articles of
Association, the Chairman put the following proposal to the
vote:
"Reduction of the number of members of your Company's Board
of Directors from 23 to 22"

He then invited all voters to vote using the "voting termi-
nal" and to confirm their choice by pressing "OK".
After a short pause and having asked if everyone present had
voted, the Chairman declared the voting closed.
The Chairman announced the result of the vote as follows:
- 6,001,063,377 votes in favour, corresponding to 71.949992%
of the share capital present and entitled to vote and
31.135130% of the ordinary share capital.
The Chairman thus announced that the proposal had been appro-
ved, and asked me, Notary, to provide the Shareholders with
the details of the vote.
I, Notary, communicated that:
- 33 persons entitled to vote took part in the voting, repre-
senting 8,340,603,235 ordinary shares, corresponding to
43.273292% of the ordinary share capital, of which 74,682
were present in person and 8,340,528,553 by proxy.
8,340,603,235 ordinary shares were admitted to vote, corre-
sponding to 100% of the shares represented at the meeting;
- 6,001,063,377 votes in favour, corresponding to 71.949992%
of the share capital present and entitled to vote and
31.135130% of the ordinary share capital;
- 2,038,252,742 votes against, corresponding to 24.437714% of
the share capital present and entitled to vote and 10.575003%
of the ordinary share capital;
- 300,951,352 abstentions, corresponding to 3.608268% of the

share capital present and entitled to vote and 1.561417% of
the ordinary share capital;
- 335,764 not voting, corresponding to 0.004026% of the share
capital present and entitled to vote and 0.001742% of the or-
dinary share capital;
- the total of votes accounted for 8,340,603,235 shares.
The details of the votes cast would be available and would be
annexed to the Meeting’s minutes. I, Notary Public, read out
the list of the Shareholders who had voted against the mo-
tion, abstained or did not vote, and invited the attendants
to report any omissions or discrepancies in the list. The de-
tails of these adjustments would be included in the Meeting's
minutes.
The Chairman moved on to the second round of voting on item 3
on the agenda.
He called on any shareholders who might have moved away from
their seats momentarily to return and to remain there throu-
ghout the voting.
After having checked that nobody present had stated that they
were prevented from exercising their right to vote pursuant
to the aforesaid Legislative Decree no. 58/98, Legislative
Decree no. 385/93, the Italian Civil Code or the Articles of
Association, the Chairman put the appointment of Mr Federico
GHIZZONI as a director to the vote.
He then invited all voters to vote using the "voting termi-

nal" and to confirm their choice by pressing "OK".
After a short pause and having asked if everyone present had
voted, the Chairman declared the voting closed.
The Chairman announced the result of the vote as follows:
- 6,001,047,651 votes in favour, corresponding to 71.949883%
of the share capital present and entitled to vote and
31.135049% of the ordinary share capital.
The Chairman thus announced that the proposal had been appro-
ved, and asked me, Notary, to provide the Shareholders with
the details of the vote.
I, Notary, communicated that:
- 33 persons entitled to vote took part in the voting, repre-
senting 8,340,603,235 ordinary shares, corresponding to
43.273292% of the ordinary share capital, of which 74,682 we-
re present in person and 8,340,528,553 by proxy.
8,340,603,235 ordinary shares were admitted to vote, corre-
sponding to 100% of the shares represented at the meeting;
- 6,001,047,651 votes in favour, corresponding to 71.949883%
of the share capital present and entitled to vote and
31.135049% of the ordinary share capital;
- 2,038,263,317 votes against, corresponding to 24.437867%
of the share capital present and entitled to vote and
10.575058% of the ordinary share capital;
- 300,947,301 abstentions, corresponding to 3.608224% of the
share capital present and entitled to vote and 1.561396% of

the ordinary share capital;
- 335,766 not voting, corresponding to 0.004026% of the sha-
re capital present and entitled to vote and 0.001742% of the
ordinary share capital;
- the total of votes accounted for 8,340,594,035 shares.
Pursuant to Article 135 (xi) of the Consolidated Law on Fi-
nance, 9,200 shares, corresponding to 0.000110% of the share
capital present, were not counted for the purposes of calcu-
lating the majority and the capital required to approve the
resolution.
The details of the votes cast would be available and would be
annexed to the Meeting’s minutes. I, Notary Public, read out
the list of the Shareholders who had voted against the mo-
tion, abstained or did not vote, and invited the attendants
to report any omissions or discrepancies in the list. The de-
tails of these adjustments would be included in the Meeting's
minutes.
The Chairman moved on to item 4 on the agenda.
"Redefinition of the total compensation due to the Directors
who are members of Board Committees and of other Company bo-
dies"
Given that the Explanatory Report drafted by the Directors
regarding this item was filed pursuant to law and included in
the folder distributed to all present at the meeting and to
all shareholders who had requested it, the Chairman proposed

that as there were no objections, a full reading of the item
should not take place, and invited the CEO to illustrate the
key elements of the proposal.
The CEO took the floor and, with the support of some slides,
illustrated the Board of Directors’ proposal on item 4 on the
agenda in the ordinary part.
The presentation used by the CEO for this item on the agenda,
entitled "REDEFINITION OF THE COMPENSATION DUE TO DIRECTORS
FOR ACTIVITIES CARRIED OUT ON COMPANY COMMITTEES" is annexed
to this document.
The Directors' Report on this item on the agenda was included
in the folder containing the other reports and proposals con-
cerning matters on the agenda, and is annexed to this docu-
ment.
The Chairman returned to the floor and read out the following
proposal:
"Dear Shareholders,
In relation to the foregoing, it is proposed that total com-
pensation be set at Euros 1,600,000 for the activities car-
ried out by the Directors on Board Committees and other Com-
pany bodies, with the attendance fee of Euros 400 to each Di-
rector for every meeting remaining unchanged.
The discussion was then opened to the floor, with a request
made for anyone who spoke to state their name and to keep
their contribution as succinct as possible, bearing in mind

that it was felt appropriate that no shareholder should speak
for more than 10 minutes.
Nobody asked to speak.
The Chairman then moved on to the voting on item 4 on the a-
genda.
He called on any shareholders who might have moved away from
their seats momentarily to return and to remain there throu-
ghout the voting.
After having checked that nobody present had stated that they
were prevented from exercising their right to vote pursuant
to the aforesaid Legislative Decree no. 58/98, Legislative
Decree no. 385/93, the Italian Civil Code or the Articles of
Association, the Chairman put the following proposal to the
vote:
"Redefinition of the total compensation due to the Directors
who are members of Board Committees and of other Company bo-
dies"
He then invited all voters to vote using the "voting termi-
nal" and to confirm their choice by pressing "OK".
After a short pause and having asked if everyone present had
voted, the Chairman declared the voting closed.
The Chairman announced the result of the vote as follows:
- 8,255,153,983 votes in favour, corresponding to 98.975526%
of the share capital present and entitled to vote and
42.829958% of the ordinary share capital.

The Chairman thus announced that the proposal had been appro-
ved, and asked me, Notary, to provide the Shareholders with
the details of the vote.
I, Notary, communicated that:
- 31 persons entitled to vote took part in the voting, repre-
senting 8,340,601,233 ordinary shares, corresponding to
43.273282% of the ordinary share capital, of which 72,680
were present in person and 8,340,528,553 by proxy.
8,340,601,233 ordinary shares were admitted to vote, corre-
sponding to 100% of the shares represented at the meeting;
- 8,255,153,983 votes in favour, corresponding to 98.975526%
of the share capital present and entitled to vote and
42.829958% of the ordinary share capital;
- 54,675,863 votes against, corresponding to 0.655539% of
the share capital present and entitled to vote and 0.283673%
of the ordinary share capital;
- 30,431,814 abstentions, corresponding to 0.364864% of the
share capital present and entitled to vote and 0.157888% of
the ordinary share capital;
- 339,573 not voting, corresponding to 0.004071% of the sha-
re capital present and entitled to vote and 0.001762% of the
ordinary share capital;
- the total of votes accounted for 8,340,601,233 shares.
The details of the votes cast would be available and would be
annexed to the Meeting’s minutes. I, Notary Public, read out

the list of the Shareholders who had voted against the mo-
tion, abstained or did not vote, and invited the attendants
to report any omissions or discrepancies in the list. The de-
tails of these adjustments would be included in the Meeting's
minutes.
The Chairman moved on to item 5 on the agenda.
"Integration of hours and fees of the audit firm KPMG S.p.A.
for the 2011 and 2012 financial years"
Given that the Explanatory Report regarding this item was fi-
led pursuant to law and included in the folder distributed to
all present at the meeting and to all shareholders who had
requested it, the Chairman proposed that as there were no o-
bjections, a full reading of the item should not take place,
and invited the Chairman of the Board of Statutory Auditors
to illustrate the key elements of the proposal.
After taking the floor, the Chairman of the Board of Statuto-
ry Auditors used a number of slides to illustrate the Board
of Statutory Auditors’ proposal regarding item 5 on the agen-
da in ordinary session.
The document entitled "ADDITIONAL TIME AND FEES FOR THE AUDIT
FIRM KPMG FOR THE 2011 AND 2012 FINANCIAL YEARS", attached to
this document, contains a presentation on this agenda item by
the Chairman of the Board of Statutory Auditors.
The Board of Statutory Auditors’ Report on this agenda item
was included in the folder of explanatory reports and propo-

sals regarding items on the Meeting agenda, and is annexed to
this document.
On completion of his speech, the Chairman of the Board of
Statutory Auditors read out the following proposal:
"In implementation of Article 13, paragraph 1 of Legislative
Decree no. 39/2010, having examined the Board of Statutory
Auditors’ proposal and the grounds for the proposal, the Sha-
reholders’ Meeting deems the request to integrate the ac-
counts auditing contract advanced by KPMG S.p.A. in its let-
ter dated 10 March 2011 to be grounded and appropriate, and
resolves
- To adopt the proposal, specifying that:
.. The new estimate of hours and costs has been quantified by
KPMG (net of the Italian statistics institute ISTAT’s statu-
tory inflation increases, regulatory contributions,
out-of-pocket expenses and VAT) for FY 2011 at Euros
2,700,000 for the financial statements, Euros 900,000 for the
consolidated financial statements, Euros 600,000 for the
short-form interim consolidated and individual financial sta-
tements, and Euros 184,000 for the internal accounts of the
London, New York, Monaco and Shanghai branch (fees calculated
on the basis of the hourly rates set at the most recent upda-
te of the contract approved by the Board of Directors on 22
March 2011, and updated to reflect the ISTAT inflation in-
crease), making a total of Euros 4,384,000, corresponding to

an overall increase for FY 2011 of 27,020 hours of work and
Euros 3,293,636;
.. The new estimate of hours and costs has been quantified by
KPMG (net of the Italian statistics institute ISTAT’s statu-
tory inflation increases, regulatory contributions,
out-of-pocket expenses and VAT) for FY 2012 at Euros
1,800,000 for the financial statements, Euros 900,000 for the
consolidated financial statements, Euros 600,000 for the
short-form interim consolidated and individual financial sta-
tements, and Euros 184,000 for the internal accounts of the
London, New York, Monaco and Shanghai branch fees calculated
on the basis of the hourly rates set at the most recent upda-
te of the contract approved by the Board of Directors on 22
March 2012, and updated to reflect the ISTAT inflation in-
crease), making a total of Euros 3,484,000, corresponding to
an overall increase for FY 2012 of 20,020 hours of work and
Euros 2,393,636."
The Chairman took the floor once again and opened the floor
to discussion, with a request made for anyone who spoke to
state their name and to keep their contribution as succinct
as possible, bearing in mind that it was felt appropriate
that no shareholder should speak for more than 10 minutes.
Nobody asked to speak.
The Chairman then moved on to the voting on item 5 on the a-
genda.

He called on any shareholders who might have moved away from
their seats momentarily to return and to remain there throu-
ghout the voting.
After having checked that nobody present had stated that they
were prevented from exercising their right to vote pursuant
to the aforesaid Legislative Decree no. 58/98, Legislative
Decree no. 385/93, the Italian Civil Code or the Articles of
Association, the Chairman put the following proposal to the
vote:
"Integration of hours and fees of the audit firm KPMG S.p.A.
for the 2011 and 2012 financial years"
He then invited all voters to vote using the "voting termi-
nal" and to confirm their choice by pressing "OK".
After a short pause and having asked if everyone present had
voted, the Chairman declared the voting closed.
The Chairman announced the result of the vote as follows:
- 8,312,206,883 votes in favour, corresponding to 99.659988%
of the share capital present and entitled to vote and
43.125964% of the ordinary share capital.
The Chairman thus announced that the proposal had been appro-
ved, and asked me, Notary, to provide the Shareholders with
the details of the vote.
I, Notary, communicated that:
- 26 persons entitled to vote took part in the voting, repre-
senting 8,340,565,782 ordinary shares, corresponding to

43.273098% of the ordinary share capital, of which 37,240
were present in person and 8,340,528,542 by proxy.
8,340,565,782 ordinary shares were admitted to vote, corre-
sponding to 100% of the shares represented at the meeting;
- 8,312,206,883 votes in favour, corresponding to 99.659988%
of the share capital present and entitled to vote and
43.125964% of the ordinary share capital;
- 27,662,243 votes against, corresponding to 0.331659% of
the share capital present and entitled to vote and 0.143519%
of the ordinary share capital;
- 359,094 abstentions, corresponding to 0.004305% of the
share capital present and entitled to vote and 0.001863% of
the ordinary share capital;
- 337,562 not voting, corresponding to 0.004047% of the sha-
re capital present and entitled to vote and 0.001751% of the
ordinary share capital;
- the total of votes accounted for 8,340,565,782 shares.
The details of the votes cast would be available and would be
annexed to the meeting’s minutes. I, Notary Public, read out
the list of the Shareholders who had voted against the mo-
tion, abstained or did not vote, and invited the attendants
to report any omissions or discrepancies in the list. The de-
tails of these adjustments would be included in the Meeting's
minutes.
The Chairman moved on to item 6 on the agenda.

"The Company’s absorption of the cost of remuneration due to
the Savings Shareholders’ Common Representative",
and read out the following proposal:
"Dear Shareholders,
In relation to the appointment of a Savings Shareholders’ Re-
presentative for the three-year period 2011-2013 by the Spe-
cial Shareholders’ Meeting and the annual emolument to be
paid to the same, we remind you that up until now the ordina-
ry Shareholders’ Meeting has always authorised such annual
remuneration as established by the Special Meeting to be ab-
sorbed by the company.
Bearing in mind that the smooth operation of all of its cor-
porate bodies is in the company’s general interest, we there-
fore propose that in line with the practise followed thus far
by the company, you authorise this annual remuneration to be
borne by the company to the amount of Euros 25,000 (equal to
the compensation paid annually to the Representative over the
last three years)."
The discussion was then opened to the floor, with a request
made for anyone who spoke to state their name and to keep
their contribution as succinct as possible, bearing in mind
that it was felt appropriate that no shareholder should speak
for more than 10 minutes.
Nobody asked to speak.
The Chairman then moved on to the voting on item 6 on the a-

genda.
He called on any shareholders who might have moved away from
their seats momentarily to return and to remain there throu-
ghout the voting.
After having checked that nobody present had stated that they
were prevented from exercising their right to vote pursuant
to the aforesaid Legislative Decree no. 58/98, Legislative
Decree no. 385/93, the Italian Civil Code or the Articles of
Association, the Chairman put the following proposal to the
vote:
"The Company’s absorption of the cost of remuneration due to
the Savings Shareholders’ Common Representative",
He then invited all voters to vote using the "voting termi-
nal" and to confirm their choice by pressing "OK".
After a short pause and having asked if everyone present had
voted, the Chairman declared the voting closed.
The Chairman announced the result of the vote as follows:
- 8,338,230,189 votes in favour, corresponding to 99.972028%
of the share capital present and entitled to vote and
43.260980% of the ordinary share capital.
The Chairman thus announced that the proposal had been appro-
ved, and asked me, Notary, to provide the Shareholders with
the details of the vote.
I, Notary, communicated that:
- 24 persons entitled to vote took part in the voting, repre-

senting 8,340,563,246 ordinary shares, corresponding to
43.273085% of the ordinary share capital, of which 34,704
were present in person and 8,340,528,542 by proxy.
8,340,563,246 ordinary shares were admitted to vote, corre-
sponding to 100% of the shares represented at the meeting;
- 8,338,230,189 votes in favour, corresponding to 99.972028%
of the share capital present and entitled to vote and
43.260980% of the ordinary share capital;
- 1,640,451 votes against, corresponding to 0.019668% of the
share capital present and entitled to vote and 0.008511% of
the ordinary share capital;
- 355,044 abstentions, corresponding to 0.004257% of the
share capital present and entitled to vote and 0.001842% of
the ordinary share capital;
- 337,562 not voting, corresponding to 0.004047% of the sha-
re capital present and entitled to vote and 0.001751% of the
ordinary share capital;
- the total of votes accounted for 8,340,563,246 shares.
The details of the votes cast would be available and would be
annexed to the meeting’s minutes. I, Notary Public, read out
the list of the Shareholders who had voted against the mo-
tion, abstained or did not vote, and invited the attendants
to report any omissions or discrepancies in the list. The
details of these adjustments would be included in the Mee-
ting's minutes.

The Chairman moved on to item 7 on the agenda.
"UniCredit’s Regulations governing general meetings: amend-
ment to Clauses 1, 2, 3, 4, 5, 7, 8, 9, 10, 11, 12, 16 and
17; removal of Clauses 18 and 19 and consequent renumbering
of subsequent clauses; amendment of current Clause 22 (to be
renumbered as 20)"
Given that details regarding amendments of the UniCredit re-
gulations governing general meetings to which the proposal
referred were included in the folder distributed to all pre-
sent at the meeting and sent out in a timely manner to all
shareholders who had requested it, in addition to being avai-
lable pursuant to statutory terms and conditions, the Chair-
man proposed that no full reading of the item need take place.
The Board of Directors’ proposal on item 7 on the ordinary
part of the agenda is included below:
"Dear Shareholders,
If you are in agreement with the amendments as illustrated a-
bove, we ask you to adopt the following proposal:
"Having heard the proposal put by the Board of Directors, the
Shareholders’ Meeting in Ordinary Session
resolves
1. To approve the following amendments to the Regulations for
General Meetings:
- Amendment of paragraph 1, Clause 1, with the following new
text:

"1. These Regulations regulate the way in which the General
and Special Meetings of the Shareholders of UniCredit (refer-
red to hereinafter as the "Bank") and, where compatible, the
special meetings held for the holders of specific classes of
shares, are to take place."
- Amendment of paragraph 1, Clause 2, with the following new
text, and removal of paragraph 2, resulting in the renumbe-
ring of current paragraphs 3, 4 and 5:
"1. The Meeting may be addressed by persons who hold voting
rights, including via proxies, pursuant to applicable law and
the Articles of Association."
- Amendment of current paragraphs 4 and 5 of Clause 2 (renum-
bered as paragraphs 3 and 4), with the following new texts:
"3. Deputy General Managers, where appointed, and the Bank’s
Staff, Corporate Officers, and Executives from UniCredit
Group companies, may also attend meetings."
"4. Meetings may also be attended, without their being able
to take the floor, by experts and financial analysts accredi-
ted for specific individual Meetings by financial brokers of
an institutional nature, the representatives of the auditing
firm appointed as statutory external auditors mandated to
certify the accounts, journalists accredited for specific in-
dividual Meetings by Italian and foreign newspapers and pe-
riodicals, and Italian and foreign radio and television net-
works. The list of persons eligible to attend Meetings must

e stated in the minutes to the meetings or in an annex to
the meetings."
- Amendment of paragraph 1, Clause 3, with the following new
text, and removal of paragraph 2, resulting in a renumbering
of the current paragraph 3:
"1. Those entitled to speak, or attend a Meeting pursuant to
the provisions of Clause 2 must present identification to the
Bank’s officers, upon entering the premises where the Meeting
is to be held, and collect a special token which will remain
valid for as long as the Meeting continues, and which must
also be shown upon request to Bank officers."
- Amendment of current paragraph 3 of Clause 3 (renumbered as
paragraph 2), with the following new text:
"2. Unless otherwise indicated by the Chairman, Meetings
shall be filmed/recorded for broadcast/projection in premises
linked by closed-circuit systems, and to provide support du-
ring the preparation of answers during the Meeting; such re-
cordings shall be used by the Notary or the Secretary to
draft the minutes of the Meeting."
- addition of a new paragraph 3 in Clause 3 with the follo-
wing new text:
"3. The Bank reserves the right to publicly circulate recor-
dings of presentations by Company Directors on topics on the
agenda, and, where permissible under the Articles of Associa-
tion, utilise audio/video recordings in order to allow people

with voting rights to speak at the Meeting via telecommunica-
tions-enabled media."
- Removal of paragraphs 1 and 2 of Clause 4 resulting in the
renumbering of current paragraphs 3 and 4 (to be renumbered 1
and 2), in addition to the removal of current paragraphs 5
and 6;
- Amendment of current paragraph 3 of Clause 4 (renumbered as
paragraph 1), with the following new text:
"1. The Chairman of the Meeting, assisted by Staff appointed
by the Bank, ascertains that proxies have correctly been de-
legated, that those who have spoken are entitled to attend
the Meeting, and that the Meeting has duly been convened".
- Amendment of paragraph 1, Clause 5, with the following new
text:
"1. No equipment that can be used for recording, photography
or broadcasting the Meeting may be used in areas where the
Meeting is being held without specific authorisation from the
Chairman."
- Amendment of paragraph 1, Clause 7, with the following new
text:
"1. In presenting the various items on the Agenda for discus-
sion, the Chairman – providing that the Meeting raises no o-
bjection in this regard - may deal with said items in an or-
der that is different from that set out in the Notice of Mee-
ting or propose that multiple topics on the agenda be dealt

with concurrently, in cases where such topics are closely re-
lated."
- Amendment of paragraphs 2 and 5, Clause 8 with following
new text:
"2. Those intending to take the floor must request permission
to do so from the Chairman, via the Notary or the Secretary,
by providing him with a written request containing details of
the issue to which the request refers, after he has read out
the items on the Agenda and up until he declares discussions
regarding the issue to which the request to take the floor
refers closed. The Chairman usually allows persons to take
the floor as per the chronological order in which they have
submitted their requests; where two or more requests are sub-
mitted at the same time, the Chairman allows said persons to
take the floor in the alphabetical order of their surnames."
"5. Deputy General Managers (where appointed), Bank Staff,
and Staff from UniCredit Group Companies, when the Chairman
deems it useful in relation to the various topics on the a-
genda for discussion, may take to the floor."
- Amendment of paragraph 1, Clause 9, with the following new
text:
"1. The Chairman, or further to his invitation the Directors,
Statutory Auditors, General Managers, Deputy General Mana-
gers, or other members of Staff of the Company, Corporate Of-
ficers and members of staff of UniCredit Group companies re-

spond at the end of every speech, or alternately after all
persons have taken the floor for each specific item on the a-
genda. Prior to the start of the debate, or during the debate
itself, answers shall be provided to any questions posed by
shareholders prior to the Meeting to which the bank had not
previously responded."
- Amendment of paragraphs 1 and 2, Clause 10 with the follo-
wing new text:
"1. The Chairman, after taking into account the nature and
importance of individual items on the agenda, and the number
of people who have requested to speak, shall determine the
length of time – usually not more than 10 minutes – to be ma-
de available to the speaker to enable him to have his say."
"2. Those who have already taken the floor during discussions
may ask to take the floor a second time in respect of the sa-
me matter, in order to reply, for a period of no more than
five minutes."
- Amendment of paragraphs 1 and 2, Clause 11 with the follo-
wing new texts:
"1. The activities and discussions of the Meeting activities
and discussions take place during just the one meeting. Du-
ring the course of this meeting, the Chairman – where he
feels it appropriate and the Meeting raises no objection in
this regard – may interrupt these activities and discussions
for a period of no longer than three hours in total."

2. The Chairman may postpone the Meeting by no more than five
days in the circumstances foreseen by Clause 2374 of the Ita-
lian Civil Code, and may also decide to do so in any other
situation where he is required to do so or feels it appro-
priate to do so, providing that the Meeting raises no objec-
tion in this regard; if the meeting is so postponed, he will
at the same time set the place, date and time of the new Mee-
ting when activities and discussions may be continued."
- Amendment of the first subsection of paragraph 2, Clause
12 with the following new text:
"2. To this end and for these purposes, he may (unless the
Meeting raises an objection in this regard) prevent someone
from taking the floor in the following situations:
- Where the speaker talks without being empowered to do so,
or continues to talk after the time allocated to him has e-
lapsed";
- Addition of a new paragraph 1 to Clause 16, with the follo-
wing new text, resulting in renumbering current paragraph 1
to paragraph 2:
"1. The Chairman shall adopt all appropriate measures to en-
sure that voting takes place in an orderly fashion."
- Amendment of current paragraph 1 of Clause 16 (renumbered
as paragraph 2), with the following new text:
"2. The Chairman may – depending on the circumstances – re-
quire votes in respect of each individual issue to be cast

after the end of debate on each issue, or alternatively at
the end of discussions for all or some items on the agenda."
- Amendment of paragraph 1, Clause 17, with the following new
text:
"1. The Chairman establishes voting procedures for each Mee-
ting, which may involve allowing the use of computer-based
vote registration and casting systems."
- Removal of Clauses 18 and 19, resulting in the renumbering
of current Clauses 20, 21 and 22;
- Amendment of paragraph 1 of the current Clause 22 (renumbe-
red as Clause 20) with the following new text:
"1. Every amendment to these Regulations must be made, pur-
suant to the provisions of prevailing laws and regulations,
by way of a resolution carried by the General Meeting of Sha-
reholders on the basis of the quorums required to form a Mee-
ting and to carry a resolution and the formal and procedural
requirements laid down by applicable law."
2. To authorise the Chairman and Chief Executive Officer,
jointly and severally, to apply to these Regulations any a-
mendments arising strictly out of a failure to adopt any of
these proposals to amend the Clause put to today’s Meeting in
extraordinary session."
3. To empower the Chairman and Chief Executive Officer, join-
tly and severally, including the power to make
sub-delegations to Executive Staff, with any powers necessary

to make arrangements to implement the above resolutions pur-
suant to law, and to undertake all other actions that may
prove necessary in order to execute these resolutions, inclu-
ding a specific prior declaration of approval and ratifica-
tion."
The discussion was then opened to the floor, with a request
made for anyone who spoke to state their name and to keep
their contribution as succinct as possible, bearing in mind
that it was felt appropriate that no shareholder should speak
for more than 10 minutes.
Nobody asked to speak.
The Chairman then moved on to the voting on item 7 on the a-
genda.
He called on any shareholders who might have moved away from
their seats momentarily to return and to remain there throu-
ghout the voting.
After having checked that nobody present had stated that they
were prevented from exercising their right to vote pursuant
to the aforesaid Legislative Decree no. 58/98, Legislative
Decree no. 385/93, the Italian Civil Code or the Articles of
Association, the Chairman put the following proposal to the
vote:
"UniCredit Regulations on General Meetings: amendment of
Clauses 1, 2, 3, 4, 5, 7, 8, 9, 10, 11, 12, 16 and 17; remo-
val of Clauses 18 and 19 and consequent renumbering of follo-

wing clauses; amendment of current clause 22 (renumbered as
20)"
He then invited all voters to vote using the "voting termi-
nal" and to confirm their choice by pressing "OK".
After a short pause and having asked if everyone present had
voted, the Chairman declared the voting closed.
The Chairman announced the result of the vote as follows:
- 8,322,597,778 votes in favour, corresponding to 99.784601%
of the share capital present and entitled to vote and
43.179875% of the ordinary share capital.
The Chairman thus announced that the proposal had been appro-
ved, and asked me, Notary, to provide the Shareholders with
the details of the vote.
I, Notary, communicated that:
- 24 persons entitled to vote took part in the voting, repre-
senting 8,340,563,246 ordinary shares, corresponding to
43.273085% of the ordinary share capital, of which 34,704
were present in person and 8,340,528,542 by proxy.
8,340,563,246 ordinary shares were admitted to vote, corre-
sponding to 100% of the shares represented at the meeting;
- 8,322,597,778 votes in favour, corresponding to 99.784601%
of the share capital present and entitled to vote and
43.179875% of the ordinary share capital;
- 12,303,529 votes against, corresponding to 0.147514% of
the share capital present and entitled to vote and 0.063834%

of the ordinary share capital;
- 5,324,361 abstentions, corresponding to 0.063837% of the
share capital present and entitled to vote and 0.027624% of
the ordinary share capital;
- 337,578 not voting, corresponding to 0.004047% of the sha-
re capital present and entitled to vote and 0.001751% of the
ordinary share capital;
- the total of votes accounted for 8,340,563,246 shares.
The details of the votes cast would be available and would be
annexed to the meeting’s minutes. I, Notary Public, read out
the list of the Shareholders who had voted against the mo-
tion, abstained or did not vote, and invited the attendants
to report any omissions or discrepancies in the list. The de-
tails of these adjustments would be included in the Meeting's
minutes.
The Chairman moved on to item 8 on the agenda.
"Group Compensation Policy"
Given that the Explanatory Report drafted by the Directors
regarding this item was filed pursuant to law and included in
the folder distributed to all present at the meeting and to
all shareholders who had requested it, the Chairman proposed
that as there were no objections, a full reading of the item
should not take place, and invited the CEO to illustrate the
key elements of the proposal.
After taking the floor, the CEO used a number of slides to

illustrate the Board of Directors’ proposal regarding item 8
on the agenda in ordinary session.
The document entitled "2011 GROUP COMPENSATION POLICY" con-
taining the CEO’s presentation on this item on the agenda is
annexed to this document.
The Directors' Report on this item on the agenda was included
in the folder containing the other reports and proposals con-
cerning matters on the agenda, and is annexed to this docu-
ment.
The Chairman returned to the floor and read out the following
proposal:
"Dear Shareholders,
If you are in agreement with what has been presented thus
far, we ask you to adopt the proposal on the agenda and, in
consequence, pass the following resolution:
"Having heard the proposal put by the Board of Directors, in
ordinary session the UniCredit S.p.A. Shareholders’ Meeting
resolves
to approve the "Group Compensation Policy", the details of
which are contained in the attached document, which forms an
integral part of the Report in the folder distributed to all
present, for the purpose of establishing the principles and
standards that UniCredit should apply to the planning, imple-
mentation and monitoring of Group-wide compensation practi-
ces, schemes and programmes."

The discussion was then opened to the floor, with a request
made for anyone who spoke to state their name and to keep
their contribution as succinct as possible, bearing in mind
that it was felt appropriate that no shareholder should speak
for more than 10 minutes.
Shareholder Lucio LA VERDE
took the floor and asked for a
precise figure to be given for the amount paid out by the
Bank in remuneration to the Board of Directors and top mana-
gement in the years 2010 and 2011.
He remarked that it would be incongruous if the compensation
in 2011 should turn out to be higher than in 2010, in view of
the fact that the financial statements show lower profits
than in the previous year.
He observed that stock options and other like benefits should
be related to the performance of the company and to business
risk, and should therefore be granted to managers only when
results were positive, profits had been made and the value of
shares had risen. They should not be a means for increasing
the pay of top managers which, in his opinion, was what was
now happening at the Bank.
Shareholder Riccardo DOBRILLA
took the floor and criticised
the use of stock options, which he viewed as the progeny of a
system of innovative finance in which the real economy was o-
vershadowed by a virtual economy based on derivatives and
structured products which essentially consist of pure specu-

lation.
He expressed the opinion that a revision of the remuneration
policy and a break with the habits of such a financial system
would be the best possible way of enhancing the image of the
Bank, and, he believed, would lead to very substantial econo-
mic returns.
Finally, he asked for the following proposal for a resolution
to be put to the vote:
"Subject: Cap on the compensation of managers and directors.
The shareholders of UniCredit, meeting in ordinary and ex-
traordinary session in Rome on 29 April 2011, do hereby re-
solve to set a cap on the total compensation of each director
or member of management and to exclude the assignment of
stock options from the said compensation. As of the financial
year 2011, the global total compensation payable may not ex-
ceed that of an employee at managerial level one (QD1) multi-
plied by 35.
Incentives, whether linked to the achievement of targets or
allocated on the basis of employment agreements negotiated
for this category of employee, must be recalibrated to re-
flect results, as is the case for all other staff. Sharehol-
ders do also resolve that, as for all workers, severance pay-
ments shall be proportionate to the salaries received in the
manner described above, and shall be proportionate also to
the length of service on the usual basis of one twelfth for

every year of employment."
I, Notary, asked the shareholder to leave his alternative
proposal to the Board of Director’s one at the chairman’s ta-
ble. This proposal would be voted on should the proposal from
the Board of Directors on this agenda item be rejected.
Sharheolder Alvaro GIGLIONI
took the floor. Specifying that
he was also an employee of the Bank, he asked the Chairman
for information regarding the attendance by members of the
Board of Directors at the Shareholders' Meeting. In particu-
lar, he demanded to know why during the morning's work, Board
members Gnudi and the Deputy Chairman Palenzona had left the
room.
He asked the CEO to confirm whether he had properly under-
stood the figures on pages 25 and 26 of the Group Compensa-
tion Policy document in which it appeared that the top two
hundred managers - with the exception of Mr Profumo who re-
ceived more than Euros 40 million in 2010 – were in receipt
of compensation totalling Euros 330 million for the financial
year 2010, which worked out at an average of Euros 1.7 mil-
lion each.
He also sought confirmation of the fact that, on the basis of
the figures relating to the incentive plan for 2011, the same
two hundred or so top managers would be receiving shares
worth around Euros 400 million - in other words, an average
of Euros 2 million each.

If these figures were correct, he said, the Company would be
acting in a manner that was ethically questionable and disre-
spectful of the millions of unemployed and other people af-
fected by the current financial crisis.
He asked why no decision had been taken to set a ceiling on
pay for top management.
He noted that page 405 of the financial report showed that a-
bout 20% of losses, which, he imagined, also included the Eu-
ros 15 billion in write downs on loans made between 2009 and
2010, were attributable to internal and external fraud. He a-
sked whether any incentives or bonuses were available to em-
ployees who thwarted fraudulent acts against the Bank or the
public and, if so, how much they amounted to.
For the reasons given above, he announced that he would be
voting against the motion to approve the proposed bonuses,
stock option and incentive plans.
The Chairman thanked the Shareholder Giglioni for his contri-
bution. He went on to make an immediate rejoinder to Mr Gi-
glioni who had referred, at least implicitly, to the remune-
ration of the members of the Board of Directors. The Chairman
specified that Board members received no form of variable pay
in addition to the fixed compensation set by the Sharehol-
ders' Meeting. He further specified that the amount thereof
had remained unchanged since 2006.
As for the presence of Board Members Messrs Gnudi and Palen-

zona, he observed that although both men had institutional
business to attend to and had given advance notice of this
fact, they had nonetheless expressed their intention to be
present at the Shareholders' Meeting, at least during the
early stages.
At this point, the time being 6.40 pm, the Chairman proposed
taking a break.
At 7.10 pm, the Chairman reopened the meeting and handed the
floor to the CEO. He replied to Mr La Verde who had claimed
that stock options had become no more than a means of compen-
sation unrelated to business risk, and had argued that, in
keeping with the request to the same effect made by supervi-
sory authorities – including the Bank of Italy – financial
instruments should make up a large part of the remuneration
package of bank directors. The CEO remarked that the matter
would be better illustrated in the course of the discussion
of the "Group compensation system", which was the next item
on the agenda. He said he regarded the Basel Committee as the
point of reference in Europe for compliance with current le-
gislation.
Regarding the shareholder's complaint about the alleged mi-
smatch between remuneration policies and UniCredit's weak
profits and poor share performance, the CEO said he felt the
remuneration policy, which was again this year submitted to
the Bank of Italy, was fair, because it directly linked bonu-

ses to performance, thereby aligning pay to the achievement
of corporate results in the interest of all stakeholders. In
particular, as required by the supervisory authorities, Uni-
Credit's systems of remuneration were based on parameters
linked to corporate profitability, weighted by the cost of
capital and linked to various risks, including the strength
of its capital and liquidity, so that the Bank could continue
to guarantee a sustainable performance over the medium and
long term.
The CEO said the incentives to be paid over the four-year pe-
riod of 2012-2015 would be determined on the basis of the
performance of the Group and individual businesses. The pay-
ment, he explained, would be made in four instalments by
means of a balanced structure consisting both of immediate
payments (i.e. payments made after the assessment of perfor-
mance) and of deferred payments in cash and equity, as reque-
sted by the supervisory authorities.
As for the quantification of the total compensation payable
in 2010 and 2011 to members of the Board of Directors and top
management, the CEO referred to the note to the accounts of
UniCredit S.p.A., in particular to page 240 and part H), as
well as to the relevant table showing pay levels for managers
with strategic responsibilities and directors. Even though
the total sum paid out might seem higher than in the previous
year (having risen from about Euros 65 to 87.8 million), it

should be noted that the compensation also included extraor-
dinary payments relating to severance benefits, including
that paid to the previous CEO. If these extraordinary items
were excluded from the total for 2010, he continued, the re-
sult was reversed, and so the compensation paid was actually
far less than in the previous financial year.
He concluded by making the point that, however obvious it
might seem, the sums to be paid in 2011 would be linked to
the future results of the Group.
Still on the subject of management pay, the CEO availed him-
self of the opportunity to inform Mr Giglioni that the total
remuneration paid to the top 200 managers of the Group amoun-
ted to Euros 192 million, which fell to Euros 130 million if
severance payments were excluded. The average gross level of
management pay, then, was Euros 670,000. The incentive plan
for 2011 would lead to the assignment of stock incentive in-
struments for a total value of Euros 80.2 million to around
1,400 beneficiaries.
With reference to Mr Giglioni's other question about bonuses
and incentives for employees who foiled acts of internal or
external fraud, he said that all shortand long-term incenti-
ves were paid in the absence of any breaches of compliance
rules or violation of standards of conduct and behaviour by
employees. The incentives granted to Group employees took ac-
count of their overall performance during the year, he said,

and were not tied to individual events or incidents. For this
reason, he concluded, there was no such thing as incentives
linked to events such as those to which Mr Giglioni had allu-
ded.
On returning to the floor, the Chairman declared the debate
closed and moved on to the voting process for item 8 on the
agenda.
He called on any shareholders who might have moved away from
their seats momentarily to return and to remain there throu-
ghout the voting.
After having checked that nobody present had stated that they
were prevented from exercising their right to vote pursuant
to the aforesaid Legislative Decree no. 58/98, Legislative
Decree no. 385/93, the Italian Civil Code or the Articles of
Association, the Chairman put the following proposal to the
vote:
"Group Compensation Policy"
He then invited all voters to vote using the "voting termi-
nal" and to confirm their choice by pressing "OK".
After a short pause and having asked if everyone present had
voted, the Chairman declared the voting closed.
The Chairman announced the result of the vote as follows:
- 7,707,376,942 votes in favour, corresponding to 92.408447%
of the share capital present and entitled to vote and
39.987944% of the ordinary share capital.

The Chairman thus announced that the proposal had been appro-
ved, and asked me, Notary, to provide the Shareholders with
the details of the vote.
I, Notary, communicated that:
- 21 persons entitled to vote took part in the voting, repre-
senting 8,340,554,552 ordinary shares, corresponding to
43.273039% of the ordinary share capital, of which 26,017
were present in person and 8,340,528,535 by proxy.
8,340,554,552 ordinary shares were admitted to vote, corre-
sponding to 100% of the shares represented at the meeting;
- 7,707,376,942 votes in favour, corresponding to 92.408447%
of the share capital present and entitled to vote and
39.987944% of the ordinary share capital;
- 522,611,686 votes against, corresponding to 6.265911% of
the share capital present and entitled to vote and 2.711450%
of the ordinary share capital;
- 110,236,862 abstentions, corresponding to 1.321697% of the
share capital present and entitled to vote and 0.571938% of
the ordinary share capital;
- 329,062 not voting, corresponding to 0.003945% of the sha-
re capital present and entitled to vote and 0.001707% of the
ordinary share capital;
- the total of votes accounted for 8,340,554,552 shares.
The details of the votes cast would be available and would be
annexed to the meeting’s minutes. I, Notary Public, read out

the list of the Shareholders who had voted against the mo-
tion, abstained or did not vote, and invited the attendants
to report any omissions or discrepancies in the list. The de-
tails of these adjustments would be included in the Meeting's
minutes.
I, the Notary Public, duly note that as the Board of Direc-
tors’ proposal on item 8 on the agenda in ordinary session
was approved, no vote was taken on the alternative proposal
presented by shareholder Riccardo Dobrilla.
The Chairman moved on to item 9 on the agenda.
"2011 Group Compensation Systems"
Given that the Explanatory Report drafted by the Directors
was filed pursuant to law and included in the folder distri-
buted to all present at the meeting and to all shareholders
who had requested it, the Chairman proposed that as there we-
re no objections, a full reading of the item should not take
place, and invited the CEO to illustrate the key elements of
the proposal, aided by slides.
The Chairman took this opportunity to inform the Meeting
that, having previously been apprised, the Bank of Italy had
requested that the proposal to shareholders be amended so
that it complied in full with the "Provisions with regard to
compensation and incentive policies and practices at banks
and bank groups" issued by the Regulatory Authority, which
came into force on 8 April 2011.

He invited the CEO to illustrate the amendments requested by
the Bank of Italy as part of his presentation on the Group’s
compensation systems for 2011.
After taking the floor, the CEO used a number of slides to
illustrate the Board of Directors’ proposal regarding item 9
on the agenda in ordinary session.
The document entitled "2011 GROUP COMPENSATION SYSTEMS" con-
taining the CEO’s presentation on this item on the agenda is
attached to this document.
As regarded the Board of Directors’ proposal, during its exa-
mination of the 2011 compensation systems, the Bank of Italy
acknowledged its compliance with the recent regulatory and
legal requirements, including the provisions on compensation
and incentive
policies and practices at banks and bank
groups, as issued by the Bank of Italy, which came into force
on 8 April 2011.
In its acknowledgement verifying the amendments to the Arti-
cles of Association associated with compensation system im-
plementation, the Bank of Italy recommended integrating the
proposal put to shareholders in order to ensure full com-
pliance with the above-mentioned provisions, including, in
particular: for the Group executive scheme, a vesting period
of one year on the sale of shares allocated in the most re-
cent tranche scheduled for 2015, and for the performance
stock option plan, a vesting period on sales of shares gene-

ated in the year of the option for twelve months subsequent
to the date on which the options reach maturity.
In view of the above-mentioned Bank of Italy recommendations,
the proposal for the Group’s compensations systems for 2011
submitted to today’s Meeting was deemed to have been integra-
ted as indicated below. The following sentence was added to
the end of Section 1, the Incentive System for 2011 for Group
executives, item b) under the subsection "Elements of the
Group executives’ plan": "Shares to be paid out in the fourth
tranche will be subject to a vesting period for sale for one
year". In Section 1, the Incentive System for 2011 for Group
executives, item e) of the subsection "Elements of the Group
executives’ plan", after the sentence: "It is forecast that a
maximum of 158 million free, freely-transferable UniCredit
ordinary shares shall be allocated" the following words were
to be inserted: "In the absence of a specific forecast esta-
blished by Board resolution".
The following sentence was added at the end of Section 3,
Performance stock option plan for senior Group executives, i-
tem d) in subsection "Elements of the plan": "If the perfor-
mance stock options are exercised in the twelve-month period
after the date on which they become exercisable, the shares
generated during the year shall be subject to a one-year ve-
sting period regarding sales, calculated from the date when
they became exercisable."

The Chairman returned to the floor and read out the following
proposal:
"Dear Shareholders,
If you are in agreement with what has been presented thus
far, we ask you to adopt the proposal on the agenda and, in
consequence, pass the following resolution:
"Having heard the proposal put by the Board of Directors, in
ordinary session the UniCredit S.p.A. Shareholders’ Meeting
resolves
1. To adopt Group compensation systems pursuant to the terms
and conditions illustrated above, as amended on the basis of
recommendations by the Bank of Italy, specifically:
- The "Group Executive incentive system for 2011", calling
for the allocation of free UniCredit ordinary shares, to be
undertaken by April 2016, to selected beneficiaries among U-
niCredit Group staff designated as "Executives";
- The "Talents and other Group mission critical players
Plan", calling for the allocation of free UniCredit ordinary
shares, to be undertaken by April 2016, to selected benefi-
ciaries among UniCredit Group staff designated as "talents
and other strategic players";
- The "Performance stock option plan for Senior Group Execu-
tives", calling for the allocation of performance stock op-
tions, to be undertaken by April 2016, to Senior Executives
at the UniCredit Group;

2. Additional provisions allocated to the "Provisions for the
Group Employee Medium Term Incentive System" corresponding to
Euros 96,000,000, through the allocation of a portion of a-
vailable statutory reserves created following the setting a-
side of Company profits as identified by the Board of Direc-
tors;
3. To empower the Chairman and/or the CEO, jointly or seve-
rally, with all faculties necessary to undertake any modifi-
cations and/or additions (that must not, however, alter the
essence of the resolution) to this resolution and the docu-
ments that form an integral part of it, as may prove necessa-
ry in order to implement the resolution, including for the
end-purpose of observing all statutory and regulatory provi-
sions in nations where Group companies are based."
The discussion was then opened to the floor, with a request
made for anyone who spoke to state their name and to keep
their contribution as succinct as possible, bearing in mind
that it was felt appropriate that no shareholder should speak
for more than 10 minutes.
Shareholder Lucio LA VERDE
took the floor and wondered why
just one proposal had been put forward on compensation policy
that covered all positions, including executives and talented
employees.
He stated that he would have liked to vote separately on this
issue: he would have voted against the issue regarding execu-

tives, and in favour of employees who demonstrated talent/the
company’s strategic employees.
As it was not possible to vote separately, he informed the
Meeting that he would be voting against the proposal as a
whole.
Although he agreed with shareholder La Verde that the plan
for executives and the plan for talented employees did not o-
verlap, given that these categories of employees had diffe-
rent characteristics, the CEO pointed out to the shareholder
that in this specific case, the approval being sought concer-
ned the allocation of shares as part of a plan for employees,
and, as such, could not be handled differentially.
The Chairman then returned to the floor and moved on to the
voting on item 9 on the agenda.
He called on any shareholders who might have moved away from
their seats momentarily to return and to remain there throu-
ghout the voting.
After having checked that nobody present had stated that they
were prevented from exercising their right to vote pursuant
to the aforesaid Legislative Decree no. 58/98, Legislative
Decree no. 385/93, the Italian Civil Code or the Articles of
Association, the Chairman put the following proposal to the
vote:
"2011 Group Compensation Systems"
He then invited all voters to vote using the "voting termi-

nal" and to confirm their choice by pressing "OK".
After a short pause and having asked if everyone present had
voted, the Chairman declared the voting closed.
The Chairman announced the result of the vote as follows:
- 6,353,141,843 votes in favour, corresponding to 76.171697%
of the share capital present and entitled to vote and
32.961808% of the ordinary share capital.
The Chairman thus announced that the proposal had been appro-
ved, and asked me, Notary, to provide the Shareholders with
the details of the vote.
I, Notary, communicated that:
- 19 persons entitled to vote took part in the voting, repre-
senting 8,340,554,404 ordinary shares, corresponding to
43.273039% of the ordinary share capital, of which 25,869
were present in person and 8,340,528,535 by proxy.
8,340,554,404 ordinary shares were admitted to vote, corre-
sponding to 100% of the shares represented at the meeting;
- 6,353,141,843 votes in favour, corresponding to 76.171697%
of the share capital present and entitled to vote and
32.961808% of the ordinary share capital;
- 1,869,458,828 votes against, corresponding to 22.414083%
of the share capital present and entitled to vote and
9.699255% of the ordinary share capital;
- 117,616,171 abstentions, corresponding to 1.410172% of the
share capital present and entitled to vote and 0.610224% of

the ordinary share capital;
- 337,562 not voting, corresponding to 0.004047% of the sha-
re capital present and entitled to vote and 0.001751% of the
ordinary share capital;
- the total of votes accounted for 8,340,554,404 shares.
The details of the votes cast would be available and would be
annexed to the meeting’s minutes. I, Notary Public, read out
the list of the Shareholders who had voted against the mo-
tion, abstained or did not vote, and invited the attendants
to report any omissions or discrepancies in the list. The de-
tails of these adjustments would be included in the Meeting's
minutes.
The Chairman moved on to item 10 on the agenda.
"UniCredit Group 2011 Employee Share Ownership Scheme"
Given that the "Scheme" prepared by the Directors was filed
pursuant to law and included in the folder distributed to all
present at the meeting and to all shareholders who had reque-
sted it, the Chairman proposed that as there were no objec-
tions, a full reading of the item should not take place, and
invited the CEO to illustrate the key elements of the propo-
sal, aided by slides.
After taking the floor, the CEO used a number of slides to
illustrate the Board of Directors’ proposal regarding item 10
on the agenda in ordinary session.
The document entitled "EMPLOYEE SHARE OWNERSHIP SCHEME (LET’S

SHARE 2011)" containing the CEO’s presentation on this item
on the agenda is annexed to this document. The Directors' Re-
port on this item on the agenda was included in the folder
containing the other reports and proposals concerning matters
on the agenda, and is annexed to this document.
The Chairman returned to the floor and read out the following
proposal:
"Dear Shareholders,
If you are in agreement with what has been presented thus
far, we ask you to adopt the proposal on the agenda and, in
consequence, pass the following resolution:
"Having heard the proposal put by the Board of Directors, in
ordinary session the UniCredit S.p.A. Shareholders’ Meeting
resolves
1. To adopt the "UniCredit Group 2011 Employee Share Owner-
ship Scheme", which is designed to offer Group employees the
opportunity to invest in UniCredit ordinary shares under pre-
ferential conditions;
2. To grant the Chairman and/or the CEO, jointly or several-
ly, all faculties necessary to implement the resolution, ma-
king any modifications and/or additions (that must not, howe-
ver, alter the essence of the resolution) to the "UniCredit
Group 2011 Employee Share Ownership Scheme", as may prove ne-
cessary in order to implement the resolution, including for
the end-purpose of observing all statutory and regulatory

provisions in nations where Group companies are based."
The discussion was then opened to the floor, with a request
made for anyone who spoke to state their name and to keep
their contribution as succinct as possible, bearing in mind
that it was felt appropriate that no shareholder should speak
for more than 10 minutes.
Nobody asked to speak.
The Chairman then moved on to the voting on item 10 on the a-
genda.
He called on any shareholders who might have moved away from
their seats momentarily to return and to remain there throu-
ghout the voting.
After having checked that nobody present had stated that they
were prevented from exercising their right to vote pursuant
to the aforesaid Legislative Decree no. 58/98, Legislative
Decree no. 385/93, the Italian Civil Code or the Articles of
Association, the Chairman put the following proposal to the
vote:
"UniCredit Group 2011 Employee Share Ownership Scheme"
He then invited all voters to vote using the "voting termi-
nal" and to confirm their choice by pressing "OK".
After a short pause and having asked if everyone present had
voted, the Chairman declared the voting closed.
The Chairman announced the result of the vote as follows:
- 7,829,466,490 votes in favour, corresponding to 93.872255%

of the share capital present and entitled to vote and
40.621377% of the ordinary share capital.
The Chairman thus announced that the proposal had been appro-
ved, and asked me, Notary, to provide the Shareholders with
the details of the vote.
I, Notary, communicated that:
- 19 persons entitled to vote took part in the voting, repre-
senting 8,340,554,404 ordinary shares, corresponding to
43.273039% of the ordinary share capital, of which 25,869 we-
re present in person and 8,340,528,535 by proxy.
8,340,554,404 ordinary shares were admitted to vote, corre-
sponding to 100% of the shares represented at the meeting;
- 7,829,466,490 votes in favour, corresponding to 93.872255%
of the share capital present and entitled to vote and
40.621377% of the ordinary share capital;
- 466,358,923 votes against, corresponding to 5.591462% of
the share capital present and entitled to vote and 2.419595%
of the ordinary share capital;
- 44,399,929 abstentions, corresponding to 0.532338% of the
share capital present and entitled to vote and 0.230359% of
the ordinary share capital;
- 329,062 not voting, corresponding to 0.003945% of the sha-
re capital present and entitled to vote and 0.001707% of the
ordinary share capital;
- the total of votes accounted for 8,340,554,404 shares.

The details of the votes cast would be available and would be
annexed to the meeting’s minutes. I, Notary Public, read out
the list of the Shareholders who had voted against the mo-
tion, abstained or did not vote, and invited the attendants
to report any omissions or discrepancies in the list. The de-
tails of these adjustments would be included in the Meeting's
minutes.
The time being 8.00 pm, the Chairman declared the session
dealing with the ordinary part of the meeting closed and then
moved on to the points on the agenda in the extraordinary
section.
He acknowledged that 8,340,545,903 ordinary shares were re-
presented at the Meeting – equal to 43.272995% of the ordina-
ry share capital – by 17 persons entitled to vote, either in
person or by proxy. 2 holders of voting rights were in atten-
dance in person and 2,253 holders of voting rights were re-
presented by proxy. He clarified that 4 of the holders of vo-
ting rights had given their proxy, pursuant to Article 135
(xi) of Legislative Decree no. 58/98, to the Company's Desi-
gnated Representative.
The Chairman thus declared the meeting to be duly established
and able to pass valid resolutions on the items on the agenda
in accordance with the law and the Articles of Association.
The Chairman moved on to item 1 on the agenda.
"Amendments to Clauses 1, 2, 3, 5, 6, 7, 8, 9, 10, 11, 12,

13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27,
28, 29, 30 and 32 of the Articles of Association "
As the Directors’ report on these items had been filed in ac-
cordance with the Law and included in the folder distributed
to all those in attendance and sent to the shareholders who
had requested it (along with a table providing a comparative
view of the current Articles of Association and the proposed
changes), the Chairman moved that, providing there were no o-
bjections, the full text not be read out and that the Chief
Executive Officer take the floor to outline, using slides,
the key points of the proposal in question.
The CEO used a number of slides to illustrate the Board of
Directors' proposal regarding item 1 on the agenda in ex-
traordinary session.
The document titled "AMENDMENTS TO THE ARTICLES OF ASSOCIA-
TION", containing the CEO's presentation, has been annexed to
this document.
The Directors' Report on this item on the agenda was included
in the folder of explanatory reports and proposals regarding
items on the Meeting agenda, and is annexed to this document.
The Board of Directors’ proposal on the first item on the ex-
traordinary part of the agenda is included below:
"Dear Shareholders,
On the basis of what has been highlighted, if you are in a-
greement, then we ask you to approve the following proposal:

"Having heard the proposal from the Board of Directors, the
Meeting of Shareholders in extraordinary session,
RESOLVES TO
1. approve the following amendments to the Articles of Asso-
ciation:
- amendment of paragraph 1 of Clause 1 with the following new
text:
"1. UniCredit, a limited company, formerly known as UniCredi-
to Italiano, Credito Italiano and Banca di Genova prior to
that, and established in Genoa by way of a private deed dated
28 April 1870, is a bank pursuant to the provisions of Legi-
slative Decree no. 385 dated 1 September 1993, also named in
abbreviated form UniCredit S.p.A.."
- insertion of a new paragraph 2 in Clause 1 with the follo-
wing new text:
"2. The Bank may use, as brands or distinguishing marks, the
names and/or distinguishing marks used at various times by
the Bank and/or the Companies incorporated into the Bank"
- amendment of paragraph 1 of Clause 2 with the following new
text:
"1. The registered office of the Bank is located in Rome whi-
le its Head Office is located in Milan. It may establish and
close down, both in Italy and abroad, secondary offices,
branches, however named, and representative offices"
- amendment of paragraph 1 of Clause 3 with the following new

text:
"1. The duration of the Bank runs until 31 December 2100."
- amendment of Clause 5 with the following new text:
"1. The Bank’s share capital, fully subscribed and paid-up,
amounts to Euro 9,649,245,346.50 and is divided into
19,298,490,693 shares of Euro 0.50 each, in turn made up of
19,274,251,710 ordinary shares and 24,238,983 savings shares.
2. Ordinary shares are registered shares.
3. No one entitled to vote may vote, for any reason whatsoe-
ver, for a number of Bank shares exceeding five per cent of
share capital bearing voting rights; to this end, the global
stake held by the controlling party, (be it a private indivi-
dual, legal entity or company), all direct and indirect sub-
sidiaries and affiliates is taken into consideration, while
those shareholdings included in the portfolios of mutual
funds managed by subsidiaries or affiliates are not, on the
other hand, taken into consideration. Control, including with
regard to parties other than companies, emerges in the situa-
tions provided for by Article 2359, first and second para-
graph of the Italian Civil Code. Control whereby significant
influence is exercised is regarded to be present in the si-
tuations provided for by Clause 23, second paragraph, of Le-
gislative Decree no. 385 dated 1 September 1993 (Consolida-
tion Act for Laws Relating to Banking and Lending Activi-
ties). An affiliation emerges in the situations referred to

in Article 2359, third paragraph, of the Italian Civil Code.
For the purposes of computing the stake held, those shares
held through custodian companies and/or intermediaries and/or
those shares whose voting rights are assigned for any purpose
or reason to a party other than their owner, are also taken
into consideration. In the event of the above provisions
being breached, any shareholders resolution carried may be
impugned pursuant to the provisions of Article 2377 of the I-
talian Civil Code, where the majority required would not have
been reached without this breach. Those shares whose voting
rights may not be exercised are in any event computed in or-
der for the Meeting to be properly formed.
4. Share capital may be increased by way of a shareholders’
resolution, through the issuance of shares bearing various
rights, in conformity to legal requirements. Specifically,
the Meeting may resolve upon the issuance of savings shares
bearing the features and rights provided for by prevailing
laws and by these Articles of Association.
5. Resolutions carried for the issuance of new savings and/or
ordinary shares at the time of a capital increase or the con-
version of shares of another class that have already been is-
sued, do not require the approval of a Special Meeting of Sa-
vings Shareholders.
6. The Special Meeting of Shareholders may resolve upon the
allocation of earnings to the employees of the Bank or subsi-

diaries, in conformity to prevailing laws."
- amendment of Clause 6 with the following new text:
"1. The Board of Directors, in exercising the power assigned
to it pursuant to the provisions of Article 2443 of the Ita-
lian Civil Code by the Special Meeting of Shareholders held
on 6 May 2002, decided, on 25 July 2002, to increase the
Bank’s share capital up to a maximum nominal amount of Euro
17,500,000, equating to a maximum number of 35,000,000 ordi-
nary shares bearing a nominal value of Euro 0.50 each, to
service the exercising of the equivalent number of stock
rights reserved for the Executive Staff of UniCredit S.p.A.,
as well as other Group banks and companies identified by the
Board of Directors, subscribing to the "Growth in Group Value
- Global Action Plan" resolved upon by the Board itself on 11
March 2002. 19,317,852 rights were exercised, against which a
total of 19,317,852 ordinary shares were subscribed for and
issued. The aforementioned rights can be exercised until 2011
according to the criteria and in the periods identified by
the Board of Directors.
2. In partial exercise of powers conferred by the Extraordi-
nary Shareholders’ Meeting held on May 4th 2004 pursuant to
Article 2443 of the Italian Civil Code, the Board of Direc-
tors passed a resolution on July 22nd 2004 to increase capi-
tal by a maximum amount of Euro 7,284,350 corresponding to a
maximum number of 14,568,700 ordinary shares of Euro 0.50

each, passing another resolution on November 18th 2005 to in-
crease capital by a maximum amount of Euro 20,815,000 corre-
sponding to a maximum number of 41,630,000 ordinary shares of
Euro 0.50 each, to be used to exercise a corresponding number
of subscription rights reserved for the Executive Personnel
of UniCredit S.p.A. and the other Group Banks and Companies
who hold positions which are significant in terms of achie-
ving the overall objectives of the Group, and passing another
resolution on December 15th 2005 to increase capital by a ma-
ximum amount of Euro 750,000 corresponding to a maximum num-
ber of 1,500,000 ordinary shares of Euro 0.50 each. The afo-
rementioned rights can be exercised from 2008 until 2017 ac-
cording to the criteria and in the periods identified by the
Board of Directors.
3. The Board of Directors, in partial exercise of the powers
received as per Article 2443 of the Italian Civil Code from
the Extraordinary Shareholders’ Meeting of May 12th 2006, has
resolved, on June 13th 2006 to increase the share capital of
a maximum nominal amount of Euro 14,602,350 corresponding to
a maximum number of 29,204,700 ordinary shares having a value
of Euro 0.50 each, on July 1st 2006 to increase the share ca-
pital of a maximum nominal amount of Euro 45,150 correspon-
ding to a maximum number of 90,300 ordinary shares having a
value of Euro 0.50 each, at the service of the exercise of a
corresponding number of subscription rights to be granted to

the Management of UniCredit S.p.A, as well as of the other
Banks and companies of the Group, who hold positions conside-
red highly relevant for the attainment of the overall Group
targets. The aforementioned rights can be exercised from 2010
until 2019 according to the criteria and within the periods
identified by the Board of Directors.
4. The Board of Directors, in partial exercise of the powers
received, as per Article 2443 of the Italian Civil Code, from
the Extraordinary Shareholders’ Meeting of May 10th 2007, has
resolved on June 12th 2007 to increase the share capital of a
maximum nominal amount of Euro 14,904,711.50 corresponding to
a maximum number of 29,809,423 ordinary shares with a value
of Euro 0.50 each, at the service of the exercise of a corre-
sponding number of subscription rights to be granted to the
Management of UniCredit S.p.A., as well as of the other Banks
and companies of the Group, who hold positions considered hi-
ghly relevant for the attainment of the overall Group tar-
gets. The aforementioned rights can be exercised from 2011
until 2017 according to the criteria and within the periods
identified by the Board of Directors.
5. The Extraordinary Shareholders’ Meeting of 30th July 2007
approved a capital increase, with the exclusion of the share-
holders’ options rights under Article 2441, paragraph 8, of
the Italian Civil Code, of a maximum nominal amount of Euro
9,060,380, to be effected through the issue of up to a maxi-

mum 18,120,760 ordinary shares with a par value of Euro 0.50
each, to service the 16,179,250 "Subscription Rights UniCre-
dit S.p.A. 2007-2011 – Ex Capitalia Warrants 2005" assigned
in exchange for an equal number of Warrants issued pursuant
to the "Stock Incentive Plan 2005 in favour of Capitalia
Group’s employees" formerly allocated, free of charge, to Ca-
pitalia Group’s employees pursuant to the resolution adopted
by the Capitalia S.p.A.’s Extraordinary Shareholders meeting
of 4 April 2005. Each option may be exercised within and no
later than 31 December 2011 pursuant to the relevant Terms
and Conditions approved by the above mentioned Extraordinary
Shareholders’ Meeting. 535,000 rights were exercised, against
which a total of 599,200 ordinary shares were subscribed for
and issued.
6. The Extraordinary Shareholders’ Meeting of 30th July 2007
approved a capital increase, with the exclusion of the share-
holders’ options rights under Article 2441, paragraph 8, of
the Italian Civil Code, of a maximum nominal amount of Euro
3,839,922, to be effected through the issue of up to a maxi-
mum 7,679,844 ordinary shares with a par value of Euro 0.50
each, to service the 6,857,004 "Subscription Rights UniCredit
S.p.A. 2007-2011 – Ex FinecoGroup Warrants 2005" assigned in
exchange for an equal number of Warrants formerly allocated,
free of charge, to FinecoGroup’s employees and Fineco Bank’s
private bankers pursuant to the resolution adopted by the Ca-

pitalia S.p.A.’s Extraordinary Shareholders Meeting of 28 No-
vember 2005. Each subscription right may be exercised within
and no later than 31 December 2011 pursuant to the relevant
Terms and Conditions approved by the above mentioned Extraor-
dinary Shareholders’ Meeting. 473,084 rights were exercised,
against which a total of 529,842 ordinary shares were sub-
scribed for and issued.
7. The Board of Directors, in partial exercise of the powers
received, as per Article 2443 of the Italian Civil Code, from
the Extraordinary Shareholders’ Meeting of May 8th 2008, re-
solved on June 25th 2008 to increase the share capital of a
maximum nominal amount of Euro 39,097,923 corresponding to a
maximum number of 78,195,846 ordinary shares with a value of
Euro 0.50 each, at the service of the exercise of a corre-
sponding number of subscription rights to be granted to the
Management of UniCredit S.p.A., as well as of the other Banks
and companies of the Group, who hold positions considered hi-
ghly relevant for the attainment of the overall Group tar-
gets. The aforementioned rights can be exercised from 2012
until 2018 according to the criteria and within the periods
identified by the Board of Directors.
8. Capital increases resolved under the compensation policy,
as provided for by the paragraphs above, are increased by an
additional amount of no more than Euro 3,645,855.50 corre-
sponding to no more than 7,291,711 ordinary shares following

the application of the AIAF adjustment factors as a conse-
quence of the capital transactions executed by UniCredit.
9. The Board of Directors, in partial exercise of the powers
received, as per Article 2443 of the Italian Civil Code, from
the Extraordinary Shareholders’ Meeting of April 22nd 2010,
resolved on March 22nd 2011, to increase the share capital of
a maximum nominal amount of Euro 42,114,682 corresponding to
a maximum number of 84,229,364 ordinary shares with a value
of Euro 0.50 each, at the service of the exercise of a corre-
sponding number of subscription rights to be granted to the
Management of UniCredit S.p.A., as well as of the other Banks
and Companies of the Group, who hold positions considered hi-
ghly relevant for the attainment of the overall Group targets.
The aforementioned rights can be exercised as of the year
following the 3 year performance period (2011-2013) and until
2020 according to the criteria and within the periods identi-
fied by the Board of Directors.
10. The Board of Directors has the power, under the provi-
sions of Article 2443 of the Italian Civil Code, to resolve,
on one or more occasions for a maximum period of five years
starting from the shareholders' resolution dated 12th May
2006, to carry out a free capital increase, as allowed by Ar-
ticle 2349 of the Italian Civil Code, for a maximum nominal
amount of Euro 6,500,000 corresponding to up to 13,000,000
ordinary shares of par value Euro 0.50 each, to be granted to

employees of UniCredit and of Group banks and companies.
11. The Board of Directors has the right, in accordance with
Article 2443 of the Italian Civil Code, to resolve - once or
more times and for a maximum period of five years from the
date of the Extraordinary Shareholders Meeting resolution ta-
ken on 10th May 2007 - to increase the registered capital for
cash in accordance with Article 2441, paragraphs 1, 2 and 3
of the Italian Civil Code, for a total nominal amount of Euro
525,000,000 corresponding to up to 1,050,000,000 ordinary
shares in UniCredit of par value Euro 0.50 each, to be used
for potential acquisition transactions by UniCredit.
12. The Board of Directors has the power, under the provi-
sions of Article 2443 of the Italian Civil Code, to resolve,
on one or more occasions for a maximum period of five years
starting from the shareholders' resolution dated 10th May
2007, to carry out a free capital increase, as allowed by Ar-
ticle 2349 of the Italian Civil Code, for a maximum nominal
amount of Euro 5,500,000 corresponding to up to 11,000,000
ordinary shares of par value Euro 0.50 each, to be granted to
employees of UniCredit and of Group banks and companies.
13. The Board of Directors has the power, under the provi-
sions of Article 2443 of the Italian Civil Code, to resolve,
on one or more occasions for a maximum period of five years
starting from the shareholders' resolution dated 8th May
2008, to carry out a free capital increase, as allowed by Ar-

ticle 2349 of the Italian Civil Code, for a maximum nominal
amount of Euro 12,439,750 corresponding to up to 24,879,500
ordinary shares of par value Euro 0.50 each, to be granted to
employees of UniCredit and of Group banks and companies.
14. The Board of Directors has the power, under the provi-
sions of Article 2443 of the Italian Civil Code, to resolve -
including on one or more occasions for a maximum period of o-
ne year starting from the shareholders' resolution dated 22nd
April 2010 - to increase share capital with the exclusion of
rights, as allowed by Article 2441, paragraph 8 of the Ita-
lian Civil Code, to service the exercise of options issued by
the Board of Directors to subscribe a maximum number of
128,000,000 ordinary shares, corresponding to a maximum nomi-
nal amount of Euro 64,000,000, to be reserved for the staff
of UniCredit S.p.A. and of Group banks and companies who hold
positions of particular importance for the purposes of achie-
ving the Group's overall objectives.
15. The Board of Directors has the power, under the provi-
sions of Article 2443 of the Italian Civil Code, to resolve,
on one or more occasions for a maximum period of five years
starting from the shareholders' resolution dated 22nd April
2010, to carry out a free capital increase, as allowed by Ar-
ticle 2349 of the Italian Civil Code, for a maximum nominal
amount of Euro 29,500,000 corresponding to up to 59,000,000
ordinary shares of par value Euro 0.50 each, to be granted to

employees of UniCredit S.p.A. and of Group banks and compa-
nies.
16. Once the time periods for the capital increases resolved
on through incentive/compensation
plans have expired, the
share capital shall be deemed to have increased by the amount
subscribed as of the respective dates indicated therein."
- amendment of Clause 7 with the following new text:
"1. Savings shares do not bear any voting rights. Any reduc-
tion of share capital due to losses does not reduce the nomi-
nal value of savings shares, other than by the portion of any
loss exceeding the global nominal value of other shares; in
the event of the Bank being wound up, savings shares enjoy
the right of pre-emption in respect of the redemption of ca-
pital, for their full nominal value. In the event of reserves
being distributed, savings shares bear the same rights as ot-
her shares.
2. A resolution of the Special Meeting of Shareholders may
vest the holders of savings shares with the ability to con-
vert said shares into ordinary shares in accordance with the
procedures and by the deadlines determined.
3. Whenever the Bank’s ordinary shares or savings shares are
barred from trading, the holder of savings shares may ask for
its shares to be converted into ordinary shares, in accordan-
ce with the procedures resolved upon by the Special Meeting
of shareholders, convened as and when the need arises within

two months from shares being barred from trading.
4. Savings shares, when fully paid-up, are bearer shares, un-
less provided for otherwise by law. At the request and expen-
se of the Shareholder, they may be transformed into registe-
red savings shares and vice versa.
5. Pursuant to the current law provisions a Common Represen-
tative of the saving shares bearers is appointed. The Common
Representative shall remain in office for a period of no more
than three financial years and may be re-elected. The Common
Representative is entitled to join and take the floor in Sha-
reholders’ Meetings.
6. In order to ensure that adequate information on transac-
tions that may influence the price of the saving shares is
received by the Common Representative, the latter shall be
duly informed in this regard in compliance with the time li-
mits and procedures for disclosing information to the market."
- amendment of paragraphs 1 and 3 of Clause 8 with the follo-
wing new text:
"1. A General Meeting of Shareholders is convened at least
once a year within 180 days of the end of the financial year
in order to resolve upon the issues that the prevailing laws
and the Articles of Association make it responsible for.
3. A Special Meeting of Shareholders is convened whenever it
is necessary to resolve upon any of the matters that are ex-
clusively attributed to it by the prevailing laws."

- addition of a new paragraph 2 to Clause 9 with the follo-
wing new text:
"2. If the notice of meeting so states, then holders of vo-
ting rights can participate in the Meeting of Shareholders
remotely and exercise their voting rights using electronic
means, in accordance with the conditions established in the
notice."
- amendment of paragraph 1 of Clause 10 with the following
new text:
"1. The Meeting is convened in accordance with legal require-
ments via a notice published on the Company’s web site and
through other channels provided for under prevailing laws and
regulatory provisions."
- amendment of paragraph 1 of Clause 11 with the following
new text:
"1. The Agenda of the Meeting is established in accordance
with legal requirements and these Articles of Association by
whoever exercises the power to call a meeting."
- insertion of a new Clause 12 using the following new text,
with the consequent renumbering of the following clauses up
to the current Clause 16:
"1. Meetings of shareholders can be held in more than one
call in accordance with the provisions of law. The Board of
Directors can establish that the Meeting of Shareholders be
held in a single call and, in such a case, the majorities e-

stablished by the prevailing laws shall be adopted."
- amendment of paragraph 1 of the current Clause 12 (to be
renumbered as Clause 13), with the following new text:
"1. The Meeting may be attended by those who hold voting
rights for whom notification has been received by the Company
from the broker holding the relevant shareholder accounts
within the time period established under prevailing laws."
- amendment of paragraph 1 of the current Clause 13 (to be
renumbered as Clause 14), with the following new text:
"1. Those entitled to attend the Meeting may arrange to be
represented, in accordance with the provisions of prevailing
legislation.
2. The delegation of voting rights may be notified also
through an electronic communication to a specific section of
the Company’s web site, as provided for by the notice of the
Meeting or alternately through other methods as may be provi-
ded for under legal and regulatory provisions in force."
- amendment of paragraph 1 of the current Clause 14 (to be
renumbered as Clause 15), with the following new text:
"1. Every ordinary share entitles its holder to one vote, the
provisions of Clause 5 excepted."
- amendment of paragraphs 1 and 2 of the current Clause 15
(to be renumbered as Clause 16), with the following new text:
"1. The Meeting is chaired by the Chairman of the Board of
Directors or, where he is absent or impeded, by the Deputy

Chairman or, where more than one Deputy Chairman has been ap-
pointed, by the Stand-in Chairman or, where the latter is ab-
sent or impeded, by the older Deputy Chairman. Where both the
Chairman and all the Deputy Chairmen are absent or impeded,
the Meeting is chaired by a Director or by a Shareholder de-
signated by those in attendance. The person chairing the Mee-
ting is assisted by a Secretary designated by the majority of
those holding voting rights.
2. The Chairman of the Meeting has full powers to regulate
activities and discussions, in conformity to the criteria and
procedures established by prevailing laws and foreseen in the
Regulations for Shareholders’ Meetings."
- amendment of paragraph 1, with the following new text, and
removal of paragraph 2 from the current Clause 16 (to be re-
numbered 17):
"1. In order for a Meeting along with the resolutions carried
therein to be valid, the relevant legal provisions are to be
duly observed, except for what is provided for in Clause 5."
- removal of the current Clause 17;
- amendment of paragraph 1 of Clause 18 with the following
new text:
"1. The minutes of Meetings are prepared and signed by the
Chairman of the Meeting and the Secretary, when not prepared
by a notary."
- amendment of paragraph 1 of Clause 19 with the following

new text:
"1. The copies and extracts of minutes of Meetings of Share-
holders, signed and certified as valid and in conformity to
requirements by the Chairman of the Board or by whoever depu-
tises for him, pursuant to Clause 21 of the Articles of Asso-
ciation, or where the latter is/are absent or impeded by two
Directors, constitute full evidence."
- amendment of paragraph 3 of Clause 20 with the following
new text and removal of the current paragraph 5 of Clause 20,
with the consequent renumbering of the following paragraphs
up to the current paragraph 12:
"3. In addition, at least three directors must meet the inde-
pendence requirements established for statutory auditors by
Legislative Decree No. 58 of 24 February 1998 and at least
five directors must meet the additional independence require-
ments indicated by the Code on Corporate Governance for Li-
sted Companies issued by Borsa Italiana S.p.A. The indepen-
dence requirements established by Legislative Decree No. 58
of 24 February 1998 and those specified by the Code on Corpo-
rate Governance for Listed Companies issued by Borsa Italiana
S.p.A. may be cumulative for the same person."
- amendment of the new paragraphs 5, 6, 7, 8, 10 and 11 of
Clause 20, as renumbered following the removal of the current
paragraph 5, with the following new text:
"5. In particular, directors are appointed by the Meeting on

the basis of lists submitted by shareholders in which candi-
dates must be listed using a consecutive number.
6. In order to be valid, the lists submitted by legitimate
parties must be filed at the registered office or the Head
Office no later than the twenty-fifth day prior to the date
of the Meeting and be made available to the public at the re-
gistered office, on the Company’s web site and through other
channels provided for under prevailing laws at least twen-
ty-one days prior to the date of the Meeting. Each legitimate
party may submit or contribute to the submission of only one
list, and similarly, each candidate may only be included on
one list, on penalty of ineligibility. Only those legitimate
parties who individually or collectively with others repre-
sent at least 0.5% of share capital in the form of ordinary
shares with voting rights at ordinary Meetings are entitled
to submit lists.
7. The ownership of the minimum number of shares required for
filing lists is calculated with regard to the shares registe-
red to each individual shareholder, or to multiple sharehol-
ders combined, on the day on which the lists are submitted to
the Company. Ownership of the number of shares necessary for
filing lists must be proven in accordance with the prevailing
laws; such proof can even be submitted to the Company during
or after the time when the lists are filed provided that this
occurs prior to the deadline for when the Company must make

the lists public.
8. By the deadline indicated above, legitimate parties who
filed lists must file the following together with each list:
- the information on those who filed lists with information
on the total percentage of equity investment held;
- information on the personal and professional characteri-
stics of the candidates indicated on the list;
- a statement whereby the individual candidates irrevocably
accept the position (subject to their appointment) and at-
test, under their responsibility, that there are no reasons
for their ineligibility or incompatibility, and that they
meet the experience and integrity requirements provided for
by current regulatory and other provisions;
- a statement that the independence requirements dictated by
these Articles of Association have been met.
Any list that does not meet the above requirements shall be
deemed to have not been filed.
10. The election of Members of the Board of Directors shall
proceed as follows:
a) from the list obtaining the majority of votes cast shall
be taken - in the consecutive order in which they appear on
the list – as many directors as are to be appointed, less one
director – if the Board of Directors has 20 or less members –
or less 2 directors - if the Board of Directors has more than
20 members. The remaining directors shall be taken - in the

consecutive order in which they appear on the list – from the
minority list receiving the most votes;
b) if the majority list does not have a sufficient number of
candidates for the election of the number of directors to be
appointed – using the mechanism indicated under the lett. a)
above – all the candidates from the majority list shall be
appointed and the remaining directors shall be taken from the
minority list receiving the most votes, in the consecutive
order in which they are shown on that list. If the minority
list receiving the most votes does not have a sufficient num-
ber of candidates for the election of the number of directors
to be appointed – following the previous mechanism - the re-
maining directors shall be taken in succession from the furt-
her minorities lists receiving the most votes, always in the
order in which they are shown on the lists;
c) if the number of candidates included on the majority as
well as minorities lists submitted is less than the number of
the directors to be elected, the remaining directors shall be
elected by a resolution passed by the Meeting by a relative
majority. If there is a tie vote between several candidates,
a run-off will be held between these candidates by means of
another vote at the Meeting;
d) if in accordance with the deadlines and procedures speci-
fied in the above paragraphs only one list or no list is fi-
led, the Meeting shall deliberate in accordance with the pro-

cedures set forth in item c) above;
e) if the criterion set forth in this paragraph is followed
and the minimum necessary number of independent directors is
not elected, the directors on each list with the highest con-
secutive number that do not meet the requirements in question
shall be replaced by the subsequent candidates, who meet the
necessary requirements, taken from the same list. If the di-
rectors who do not meet the requirements in question cannot
be replaced with the subsequent candidates from the same
list, they shall be replaced by the candidates who meet the
necessary requirements taken in succession from the minori-
ties lists receiving the most votes, in the order in which
they are shown on the lists.
11. In the event of a director dying, leaving office or fai-
ling to hold it for any other reason or where his term in of-
fice is lapse or losing for any other reason the experience
or integrity requirements, the Board of Directors can take
steps to co-opt a director, taking into proper account the
right of minority interests to be represented. Should for any
reason the number of independent directors fall below the le-
vel established in these Articles of Association, the Board
of Directors shall make a replacement according to the crite-
ria established in the above paragraph 10, lett. e)."
- addition of a new paragraph 12 to Clause 20 with the follo-
wing new text:

"12. For the appointment of directors that need to be added
to the Board of Directors, resolutions of the Meeting of Sha-
reholders shall be by relative majority."
- amendment of paragraphs 2, 4, 5, 6 and 7 of Clause 21 with
the following new text and the removal of the current para-
graph 8 of Clause 21, with the consequent renumbering as pa-
ragraph 8 of the current paragraph 9:
"2. The Board of Directors may appoint one Managing Director,
while also determining his/her duties and powers, and may be-
stow special duties and powers upon other Board members.
4. The powers granted by the Board of Directors to the Mana-
ging Director can be further delegated to members of the Head
Office, once again with the power to delegate further.
5. The Board of Directors can appoint one or more General Ma-
nagers and/or one or more Deputy General Managers, establi-
shing their roles and areas of competence. Should a Managing
Director not have been appointed, the Board of Directors can
appoint a sole General Manager, and/or one or more Deputy Ge-
neral Managers, establishing their roles and areas of compe-
tence.
6. The General Managers report to the Managing Director, whe-
re appointed, in the exercise of the duties, executing the
management directives from the Managing Director and, if so
requested by the Managing Director, overseeing the execution
of resolutions taken by the Board of Directors, with the as-

sistance of the members of Head Office.
7. General Managers and Deputy General Managers can delegate
the powers granted to them, with the power to delegate furt-
her."
- addition of a new paragraph 9 in Clause 21 with the follo-
wing new text:
"9. The empowered parties shall report to the Board of Direc-
tors on the conduct of their activities, with the modalities
and terms set by the Board, in accordance with law."
- amendment of paragraphs 2, 3 and 4 of Clause 22 with the
following new text:
"2. Whenever the Chairman of the Board of Directors deems it
opportune, meetings of the Board of Directors may be held by
using means of telecommunication, providing that each of the
attendees may be identified by all the others and that each
of the attendees is in a position to intervene real time du-
ring the discussion of the topics being examined, as well as
receive, transmit and view documents. Once the fulfillment of
these prerequisites has been verified, the meeting of the
Board of Directors is considered held in the place where it
was convened.
3. The Board is convened by the Chairman or by whoever repla-
ces him and may also be convened using electronic means.
4. The Chairman and Managing Director, where appointed, may
invite staff from UniCredit S.p.A. and/or Companies in the U-

niCredit Group to attend Board meetings."
- amendment of paragraphs 1, 2 and 3 of Clause 23 with the
following new text:
"1. The Board of Directors is vested with all powers necessa-
ry for the running of the Bank, except for those powers re-
served for Meetings of Shareholders by law and by the Arti-
cles of Association.
2. In compliance with applicable laws and the Company’s Arti-
cles of Association, the Board of Directors adopts rules con-
cerning its functioning and attributions.
3. In addition to those duties and powers that may not be not
delegated according to the law, the Board of Directors is ex-
clusively responsible for carrying resolutions regarding the
following:
- the general guiding of, as well as the adoption and amend-
ment of, the Company's industrial, strategic and financial
plans;
- assessing the general trend of business;
- adjustments made to the Articles of Association to comply
with legal requirements;
- the merger by incorporation of companies in the situations
foreseen by Article 2505 and 2505 (ii) of the Italian Civil
Code;
- the demerger of companies in the situations foreseen by Ar-
ticle 2506 (iii) of the Italian Civil Code;

- the reduction of capital in the event of a shareholder
withdrawing;
- decisions as to which Directors, in addition to those indi-
cated in these Articles of Association, may represent the
Company;
- the determination of criteria for the coordination and ma-
nagement of Group companies and the determination of criteria
for compliance with Bank of Italy requirements;
- risk management policies, as well as the evaluation of the
functionality, efficiency and effectiveness of the internal
audit system and the adequacy of the organisational, admini-
strative and accounting set-up;
- the acquisition and sale of shareholdings, companies and/or
businesses involving investments or divestments that exceed
5% of equity, as recorded in the last set of accounts appro-
ved by the Company, and in any event the acquisition and sale
of shareholdings that modify the composition of the Banking
Group not included in the industrial, strategic and financial
plans already approved by the Board of Directors, whilst the
provisions of Article 2361, second paragraph, of the Italian
Civil Code continue to be duly observed;
- the resolutions concerning organisational structures of the
company and the related internal rules and regulations that
shall be considered relevant, following the criteria establi-
shed by the Board of Directors;

- the establishment of board committees;
- the creation and closing down of secondary and representa-
tive offices, as well as the creation, closing down and orga-
nisation, including with a view to creating a structure for
signing powers, branches, however named;
- the appointment and revocation of General Managers, Deputy
General Managers and other Directors holding strategic re-
sponsibilities for the Bank;
- the appointment and revocation of the head of the internal
audit function and the head of the compliance function."
- amendment of paragraph 2 of Clause 24 with the following
new text and removal of the current paragraphs 3, 4 and 5 of
Clause 24:
"2. The resolutions of the Board are adopted with the majo-
rity of the votes of those who have expressed their votes,
with the exclusion of those who abstained; in case of equali-
ty of votes the Chairman will have a casting vote."
- amendment of paragraph 2 of Clause 25 with the following
new text:
"2. Copies of the minutes, signed and certified as valid and
in conformity with the requirements by the Chairman of the
Board or by whoever deputises for him, or by the Secretary,
constitute full evidence."
- amendment of paragraph 2 of Clause 26 with the following
new text:

"2. The way in which the emoluments payable to the Board of
Directors (as resolved upon by the Meeting) are distributed
is established by way of a Board resolution. The Board of Di-
rectors may also, after hearing the opinions of the Statutory
Board of Auditors, establish the remuneration of the direc-
tors holding the specific roles provided for by Article 2389,
third paragraph, of the Italian Civil Code."
- amendment of paragraph 1 of Clause 27 with the following
new text and removal of the current paragraph 3 of Clause 27
(with the consequent renumbering of the current paragraphs 4,
5 and 6):
"1. The Head Office is composed by General Managers, Deputy
General Managers, other Directors holding strategic responsi-
bilities for the Bank, employees assigned to the Head Office
and seconded subjects."
- amendment of the new paragraphs 3, 4, and 5 of Clause 27,
as renumbered following the removal of the current paragraph
3, with the following new text:
"3. The Managing Directors, the General Managers, the Deputy
General Managers and the other Directors holding strategic
responsibilities for the Bank are directly vested,without any
further specific powers needing to be delegated, with the a-
bilities, that can be exercised separately, to resolve the
following decisions:
a) to promote and support legal and administrative actions,

arbitration, appeasement and mediation proceedings, at any
level of the law, including, for example, the exercising, re-
mission and waiver of the right to proceed with a lawsuit, as
well as the institution and the revocation of a civil action
and to represent the Bank within every place of judicial, ad-
ministrative, arbitration and appeasement proceedings, before
any authority and in any state, and at any level of the law,
including therefore in cassation and revocation proceedings
and before the State Council, with the ability to do the in-
terrogation due pursuant to the law, to appease, to reach a-
greements and to settle by compromise in arbitration procee-
dings, which may include friendly settlement arrangements as
well as to waive acts and actions;
b) to enable, possibly through the use of special agents,
mortgages and liens to be registered, subrogated, reduced,
postponed and cancelled, as well as to effect and cancel re-
gistrations and records of any kind, regardless of whether or
not the loans to which these registrations, records and en-
tries refer have been paid;
c) to effect any transaction whatsoever, including the col-
lection and withdrawal of securities and other instruments,
with any company or body, with the Bank of Italy, Bank for
Deposits and Loans, the Public Debt Agency, and, in any e-
vent, any office of the Public Administration, with no exclu-
sion, State-owned organisations, enterprises and companies or

public bodies, and, furthermore, to carry out every measure
pertaining to these transactions;
d) to issue special mandates for the execution of single ac-
tions and operations or specific types of actions and opera-
tions and powers of attorney for litigation proceedings, as
well as to appoint technical consultants and arbiters, assi-
gning to them the appropriate powers and authorities;
e) to vest employees or third parties, including individual-
ly, with the ability to represent the Bank, as shareholder or
as the delegate of minority interests, at the General or Spe-
cial Meetings of Shareholders of Italian or foreign compa-
nies, in conformity to prevailing laws.
The empowered parties mentioned in this paragraph may delega-
te the above mentioned powers to the employees assigned to
the Head Office or to the seconded subjects.
4. The Board of Directors has the ability to establish orga-
nisational structures and/or decision-making units of the
Head Office, such as regional management offices, situated
locally, to which the Managing Director or – where not ap-
pointed – the General Manager may delegate (availing itself
of the Head Office if necessary) duties, powers and authori-
ties, in addition to those indicated in Clause 28, for the
management of branches, however named, determining the proce-
dures by which they are to be exercised.
5. The Managing Director or – where not appointed – the Gene-

al Manager may delegate to the Management Teams of branches,
however named (availing themselves of the Head Office and the
structures referred to in the previous paragraph if necessa-
ry) duties, powers and authorities, in addition to those in-
dicated in Clause 28, for the management of branches, deter-
mining the procedures by which they are to be exercised."
- amendment of paragraph 1 of Clause 28 with the following
new text:
"1. The Management Team entrusted with the management of a
branch, however named, solely for such management, is vested
with the all the powers needed in order for ordinary transac-
tions to be effected. Said powers include the abilities re-
ferred to in points a) b) c) and d) of Clause 27 above and a-
re to be exercised, without the need for the specific gran-
ting of powers, by adopting the procedures set out in Clause
29 below."
- amendment of paragraphs 2, 3 and 4 of Clause 29 with the
following new text:
"2. Procedural representation comprises, for example, the a-
bility to initiate and support any action and measure to pro-
tect the Bank’s rights and interests, which may involve ap-
plying for warnings, precautionary measures and emergency ac-
tions, and exercising enforceable actions, the exercising,
remission and waiver of the right to proceed with a lawsuit,
as well as the institution and the revocation of a civil ac-

tion, within every place of judicial, administrative, arbi-
tration and appeasement proceedings, before any authority and
in any state, and at any level of the law, with all the po-
wers needed for such purposes, including the power to confer
the necessary relative powers of attorney for litigation pro-
ceedings, including general ones, to do the interrogation due
pursuant to the law, and with every ability foreseen by law
to appease, to reach agreements and to settle by compromise
in arbitration proceedings, which may include friendly set-
tlement arrangements as well as to waive acts and actions.
3. The following persons also have the ability to sign, pur-
suant to the preceding paragraphs, including for procedural
representation, in the name of UniCredit S.p.A.:
a) for the Head Office and for all secondary offices, bran-
ches, however named, and representative offices: the Direc-
tors with strategic responsibilities for the Bank if diffe-
rent from those representatives indicated in paragraph 1 and
the other parties, included seconded persons, to whom this
power has been granted;
b) for the Head Office Unit only: Managers and grade 2, 3 and
4 Assistant Managers assigned to the Head Office, as well as
seconded subjects vested with this ability;
c) for individual secondary offices, branches, however named,
and representative offices: Managers and grade 2, 3 and 4 As-
sistant Managers assigned to them, as well as seconded su-

jects vested with this ability.
In order to be binding, documents issued for the Bank by re-
presentatives who have been authorised pursuant to the provi-
sions of this paragraph must be signed jointly by two of the
persons indicated, with the restriction however that grade 2
and 3 Assistant Managers may only sign with a grade 4 Assi-
stant Manager or a Manager.
4. In order to facilitate the smooth running of operations,
the Board of Directors may however authorise the signature of
Company staff and persons on secondment to the Company it-
self, including for procedural representation, jointly, but
potentially singularly, for the types of documents that shall
be determined by the Board itself."
- amendment of paragraphs 1, 3, 4, 5, 6, 7, 8, 12, 16, 20 and
21 of Clause 30 with the following new text:
"1. The General Meeting of Shareholders appoints five perma-
nent Statutory Auditors, from whom it also appoints the
Chairman. Moreover it appoints two stand-in Statutory Audi-
tors.
3. Pursuant to the provisions of prevailing legislation, at
least two permanent auditors and one stand-in auditor must
have been listed for at least three years in the Rolls of Ac-
countants and have undertaken the legal auditing of accounts
for a period of no less than three years. Any auditors who a-
re not listed in the Rolls of Accountants must have gained at

least three years’ total experience:
a) undertaking professional activities as a business accoun-
tant or lawyer, undertaken primarily in the banking, insuran-
ce and financial sectors;
b) teaching, at university level, subjects concerning - in
the field of law – banking, commercial and/or fiscal law, as
well as the running of financial markets and – in the field
of business/finance – banking operations, business economics,
accountancy, the running of the securities markets, the run-
ning of the financial and international markets and corporate
finance;
c) performing managerial/executive duties within public orga-
nisations or offices of the Public Administration, as well as
in the credit, financial or insurance sector, and the inve-
stment services sector and collective investment management
sector, both of which are defined in Legislative Decree no.
58 of 24 February 1998.
4. Permanent and stand-in members of the Statutory Board of
Auditors are appointed in keeping with lists in which candi-
dates are listed by being given a consecutive number; at
least the first two candidates from each list for the posi-
tion of permanent auditor and at least the first candidate
from each list for the position of stand-in auditor must be
listed in the Rolls of Accountants. No candidate, on penalty
of disqualification, may appear in more than one list.

5. The lists presented by legitimate parties, bearing the na-
mes of the candidates listed with consecutive numbers, must
be submitted to the Registered Office or the Head Office no
later than on the twenty-fifth day prior to the date of the
Meeting, and be made available to the public at the Registe-
red Office, on the Company’s web site and through other chan-
nels provided for under prevailing laws, at least twenty-one
days prior to the date of the Meeting, by sufficient legiti-
mate parties to represent, at the time the lists are presen-
ted, at least 0.5% of the ordinary share capital bearing vo-
ting rights for the General Meeting of Shareholders. Minority
shareholders who have no connecting relationships with the
shareholders concerned shall continue to have the option to
take advantage of an extension in the deadline to present
lists in those instances and using those procedures specified
by current regulatory and other provisions.
6. The ownership of the minimum number of shares required for
filing lists is calculated with regard to the shares registe-
red to each individual shareholder, or to multiple sharehol-
ders combined, on the day on which the lists are submitted to
the Company. Ownership of the number of shares necessary for
filing lists must be proven in accordance with the prevailing
laws; such proof can even be submitted to the Company during
or after the time when the lists are filed provided that this
occurs prior to the deadline for when the Company must make

the lists public.
7. Along with the lists presented by legitimate parties, the
latter must also submit the following by the deadline indica-
ted in paragraph 5 above:
- the information regarding those that presented the list,
indicating the total percentage of equity investment held;
- complete information on the personal and professional cha-
racteristics of the candidates indicated on the list;
- statements whereby the individual candidates irrevocably
accept the position (subject to their appointment) and at-
test, under their responsibility, that there are no reasons
for their ineligibility and incompatibility, and that they
meet the experience, integrity and independence requirements
provided for by current regulatory and other provisions and
by these Articles of Association.
Any list that does not meet the above requirements shall be
deemed to have not been filed.
8. The lists for the appointment of members of the Statutory
Board of Auditors are split into two sub-lists, which contain
respectively up to 5 candidates for the position of permanent
auditor and up to 2 candidates for the position of stand-in
auditor;
12. The candidate who has obtained the highest share of votes
among the candidates belonging to the list that obtained the
highest number of votes among the minority lists, as defined

y the current provisions (also regulatory) in force, shall
be elected by the Shareholders’ Meeting as Chairman of the
Board of Statutory Auditors. In case of a tie between lists,
the candidate from the list presented by the legitimate par-
ties with a larger stake or, subordinately, by the higher
number of parties, shall be elected Chairman of the Board of
Statutory Auditors. In case of a further tie, the more senior
candidate in terms of age shall be appointed Chairman. If the
Chairman cannot be elected on the basis of the above mentio-
ned criteria, then the Shareholders' Meeting shall appoint
the Chairman directly by relative majority.
16. If in accordance with the deadlines and procedures set
forth in the previous paragraphs only one list, or no list
has been presented, or the lists do not contain the required
number of candidates to be elected, the Meeting shall pass a
resolution for appointment or addition by relative majority.
If there is a tie vote between several candidates, a run-off
election shall be held between them with a further vote of
the Meeting.
20. The Statutory Board of Auditors performs the roles and
functions required of it by the prevailing laws. In particu-
lar, it oversees compliance with laws, regulations and arti-
cles of association, the proper management and the adequacy
of the organizational and accounting set-up of the Bank and
of the risk management and control, as well as the functiona-

lity of the total internal audit system, of the external au-
diting of the accounts and the consolidated accounts, of the
independence of the external audit firm and on the informa-
tion process regarding to financial data.21. Statutory Audi-
tors may assume administration and control positions within
other companies within the limits established by regulatory
and other provisions."
- amendment of paragraph 3 of Clause 32 with the following
new text:
"3. The Meeting of Shareholders, further to a proposal from
the Board of Directors, may allocate a portion of the annual
net profit to projects of a social, welfare and/or cultural
nature, with any such donations to be made as per the judg-
ment of the Board of Directors."
2. to grant the Chairman and the Chief Executive Officer,
jointly and severally, with the power to delegate further to
the company's executives, any suitable power to execute, in
accordance with applicable law, the resolutions above as well
as to undertake the necessary submission and registration,
pursuant to the law, and do anything else that should become
necessary to implement these resolutions, with explicit con-
firmation of approval and ratification;
3. to authorise the Chairman and the Chief Executive Officer,
jointly and severally, to register the Articles of Associa-
tion as updated above with the Register of Companies".

The discussion was then opened to the floor, with a request
made for anyone who spoke to state their name and to keep
their contribution as succinct as possible, bearing in mind
that it was felt appropriate that no shareholder should speak
for more than 10 minutes.
Nobody asked to speak.
The Chairman then moved on to the voting on the first point
on the agenda.
He called on any shareholders who might have moved away from
their seats temporarily to return and to remain there throu-
ghout the voting.
After having checked that nobody was prevented from exerci-
sing their right to vote pursuant to the aforesaid Legislati-
ve Decree no. 58/98, Legislative Decree no. 385/93, the Ita-
lian Civil Code or the Articles of Association, the Chairman
put the following proposal to the vote:
"Amendments to Clauses 1, 2, 3, 5, 6, 7, 8, 9, 10, 11, 12,
13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27,
28, 29, 30 and 32 of the Articles of Association" to the vote.
He then invited all voters to vote using the "voting termi-
nal" and to confirm their choice by pressing "OK".
After a short pause and having asked if everyone present had
voted, the Chairman declared the voting closed.
The Chairman announced the result of the vote as follows:
- 8,164,766,075 votes in favour, corresponding to 97.892466%

of the share capital present and entitled to vote and to
42.361002% of the ordinary share capital.
The Chairman thus announced that the proposal had been appro-
ved, and asked me, Notary, to provide the Shareholders with
the details of the vote.
I, Notary, communicated that:
- 17 persons entitled to vote took part in the voting, repre-
senting 8,340,545,903 ordinary shares, corresponding to
43.272995% of the ordinary share capital, of which 17,368 we-
re present in person and 8,340,528,535 by proxy.
8,340,545,903 ordinary shares were admitted to vote, corre-
sponding to 100% of the shares represented at the meeting;
- 8,164,766,075 votes in favour, corresponding to 97.892466%
of the share capital present and entitled to vote and
42.361002% of the ordinary share capital;
- 170,135,605 votes against, corresponding to 2.039862% of
the share capital present and entitled to vote and 0.882709%
of the ordinary share capital;
- 5,315,161 abstentions, corresponding to 0.063727% of the
share capital present and entitled to vote and 0.027576% of
the ordinary share capital;
- 329,062 not voting, corresponding to 0.003945% of the sha-
re capital present and entitled to vote and 0.001707% of the
ordinary share capital;
- The total of votes accounted for 8,340,545,903 shares.

The details of the votes cast would be available and would be
annexed to the Meeting’s minutes. I, Notary Public, read out
the list of the Shareholders who had voted against the mo-
tion, abstained or did not vote, and invited the attendants
to report any omissions or discrepancies in the list. The de-
tails of these adjustments would be included in the Meeting's
minutes.
Considering the close relationship between items 2 and 3 on
the agenda, the Chairman proposed handling both issues toget-
her, notwithstanding the fact that two distinct proposals
would be put forward for resolution:
"Delegation to the Board of Directors, pursuant to Article
2443 of the Italian Civil Code, of the authority to resolve,
on one or more occasions and for a maximum period of five
years starting from the date of the shareholders’ resolution,
and to carry out a free share capital increase, as allowed by
Article 2349 of the Italian Civil Code, for a maximum nominal
amount of Euros 103,000,000 corresponding to a maximum of
206,000,000 ordinary shares in UniCredit with a par value of
Euros 0.50 each, to be assigned to the employees of the Hol-
ding Company and of Group banks and companies who hold posi-
tions of particular importance for the purposes of achieving
the Group’s overall objectives; consequent amendments to the
Articles of Association"
"Delegation to the Board of Directors, pursuant to Article

2443 of the Italian Civil Code, of the authority to resolve,
on one or more occasions and for a maximum period of five
years starting from the date of the shareholders’ resolution,
and to carry out a paid increase in share capital, though not
via pre-emption rights, as allowed by Article 2441, paragraph
eight of the Italian Civil Code, for a maximum nominal amount
of Euros 34,000,000, to service the exercise of rights regar-
ding the subscription of a maximum of 68,000,000 UniCredit
ordinary shares with a par value of Euros 0.50 each, to be
reserved for the employees of the Holding Company and of
Group banks and companies who hold positions of particular
importance for the purposes of achieving the Group’s overall
objectives; consequent amendments to the Articles of Associa-
tion"
As there were no objections to this proposal, the Chairman
invited the CEO to illustrate the key elements of the propo-
sals, without undertaking a full reading given the lack of o-
bjections, and given that the Report drafted by the Directors
regarding these items had been filed pursuant to law and in-
cluded in the folder distributed to all speakers at the mee-
ting and to all shareholders who had requested it, as well as
being published and made available at the Bank’s registered
office and Head Office pursuant to the terms and conditions
established by law.
After taking the floor, the CEO used a number of slides to

illustrate the Board of Directors’ proposals regarding items
2 and 3 on the agenda in extraordinary session.
The documents respectively titled "DELEGATION OF AUTHORITY
FOR A CAPITAL INCREASE TO SERVICE PLANS FOR EXECUTIVES, TA-
LENTS AND OTHER MISSION CRITICAL PLAYERS" and "DELEGATION OF
AUTHORITY FOR A CAPITAL INCREASE TO SERVICE THE 2011 PERFOR-
MANCE STOCK OPTIONS PLAN", containing the CEO’s presentations
on the aforesaid agenda items, have been annexed to this do-
cument.
The Directors’ Reports on these agenda items were included in
the folder of explanatory reports and proposals regarding i-
tems on the Meeting agenda, and are annexed to this document.
After the CEO finished illustrating the proposals, the Chair-
man returned to the floor and notified the Meeting that, duly
informed about the planned capital increases pursuant to ap-
plicable legal and regulatory provisions, on 19 April 2011
the Bank of Italy had issued its authorisation.
The Board of Directors’ proposal on item 2 on the agenda in
extraordinary session is included below:
"Having heard the report by the Board of Directors, in ex-
traordinary session the UniCredit S.p.A. General Sharehol-
ders’ Meeting
RESOLVES TO
1. grant the Board of Directors pursuant to Article 2443 of
the Italian Civil Code, the authority to resolve, on one or

more occasions and for a maximum period of five years, a free
share capital increase, as allowed by Article 2349 of the I-
talian Civil Code, for a maximum nominal amount of Euros
103,000,000, corresponding to a maximum of 206,000,000 ordi-
nary shares in UniCredit with a par value of Euros 0.50 each,
to be assigned to the employees of UniCredit S.p.A., banks
and Group companies who hold positions of particular impor-
tance for the purposes of achieving the Group’s overall o-
bjectives, in implementation of the plans for UniCredit Group
Employees approved at today’s Meeting in ordinary session.
This capital increase must take place through a drawdown of
special provisions designated as the "Provisions for the
Group Employee Medium Term Incentive System" set aside for
this purpose on a year-to-year basis, suitably reconstituted
or increased, in compliance with the terms and conditions re-
quired by laws and regulations in force now and as applicable
2. further to the resolution passed in paragraph 1, to insert
the following paragraph as the new paragraph 15 of article 6
of the articles of association – considering as approved by
today’s extraordinary shareholders’ meeting the changes to
article 6 of the articles of association as per today’s deli-
beration according to the proposal presented to the sharehol-
ders:
"15. The Board of Directors has the power, under the provi-
sions of section 2443 of the Italian Civil Code, to resolve,

on one or more occasions for a maximum period of five years
starting from the shareholders' resolution dated 16 april
2011, to carry out a free capital increase, as allowed by
section 2349 of the Italian Civil Code, for a maximum nominal
amount of Euros 103,000,000 corresponding to up to
206,000,000 ordinary shares of par value Euros 0.50 each, to
be granted to employees of UniCredit S.p.A. and of Group
banks and companies.", with consequent renumbering of the e-
xisting following paragraphs of article 6;
3. delegate to the Board of Directors all necessary powers
regarding the issue of new shares, and the authority to un-
dertake the resulting amendments to Clause 5 of the Articles
of Association in order to amend the total share capital;
4. grant the Chairman and CEO, jointly or severally, all ne-
cessary authority to:
(i) execute the above resolutions compliant with law;
(ii) adopt or include within any necessary amendments or ad-
ditions (without altering the substance of the resolutions a-
dopted) as required in order to enrol on the Register of Com-
panies;
(iii) proceed with filing and enrolment pursuant to law, fol-
lowing prior express adoption and ratification;
(iv) ensure that all other arrangements are taken that may
prove necessary, including the authority to appropriately re-
number the above-mentioned paragraph in item 2 above, should

today’s Meeting in extraordinary session not have adopted the
amendments stated under item 2."
Concerning item 3 on the agenda:
"Having heard the report by the Board of Directors, in ex-
traordinary session the UniCredit S.p.A. General Sharehol-
ders’ Meeting
resolves to:
1. grant the Board of Directors, pursuant to Article 2443 of
the Italian Civil Code, the authority to resolve, on one or
more occasions and for a maximum period of five years star-
ting from the date of the shareholders’ resolution, and to
carry out a paid increase in share capital, though not via
pre-emption rights, as allowed by Article 2441, paragraph
eight of the Italian Civil Code, to service the exercise of
rights that the Board of Directors shall issue for the sub-
scription of a maximum of 68,000,000 UniCredit ordinary sha-
res, corresponding
to a maximum nominal amount of Euros
34,000,000, to be reserved for the employees of UniCredit
S.p.A., the Holding Company and Group banks and companies,
who hold positions of particular importance for the purposes
of achieving the Group’s overall objectives. Resolutions is-
sued by the Board of Directors must specify that if not all
of the single capital increase or individual partial capital
increases resolved are subscribed, the share capital shall be
deemed increased by an amount corresponding to the respective

subscriptions received. Considering that the function of the
capital increase is to service the implementation of the per-
formance stock option plan for Senior UniCredit Group Execu-
tives as approved at today’s Meeting in ordinary session,
which has been drawn up to reward the achievement of targets
for the period and provide an incentive for achieving future
targets, the per-unit price of the shares under issuance
shall be equal to the average UniCredit S.p.A. share listing
price recorded during the month prior to the resolution date,
taking into account the tax implications on employee earnings
as applicable at the time. Subscription rights shall be in
individuals’ names and be non-transferable. The Holding Com-
pany’s Board of Directors shall establish the terms regarding
the expiry of the right to exercise performance stock options
if the employee concerned ceases to work for the Group or
dies.
The Board of Directors may establish one or more exercise pe-
riods for the subscription rights, which shall become exerci-
sable commencing
in the year after the reference period
(2012-2015) and up to 31 December 2022, conditional upon a-
chieving the performance targets set by the Board of Direc-
tors, as evaluated subsequent to the conclusion of the final
year in the reference period;
2. further to the resolution passed in paragraph 1, to insert
the following paragraph as the new paragraph 16 of article 6

of the articles of association – considering as approved by
today’s extraordinary shareholders’ meeting the changes to
article 6 of the articles of association as per today’s reso-
lution according to the proposal presented to the sharehol-
ders:
"16. The Board of Directors has the power, under the provi-
sions of section 2443 of the Italian Civil Code, to resolve,
on one or more occasions for a maximum period of five years
from the shareholders' resolution dated 16 april 2011, to
carry out a financed capital increase with exclusion of op-
tion rights, as allowed by section 2441.8 of the Italian Ci-
vil Code, to service the exercise of rights to be issued by
Board of Directors for the subscription of a maximum nominal
amount of 68,000,000 ordinary shares corresponding to a maxi-
mum nominal amount of Euros 34,000,000, to be granted to em-
ployees of UniCredit S.p.A. and of Group banks and companies
who hold positions of particular importance for the purposes
of achieving the Group's overall objectives.", with conse-
quent renumbering of the existing following paragraphs of ar-
ticle 6;
3. delegate to the Board of Directors all necessary powers
regarding the allocation of subscription rights, and the sub-
sequent issuance of new shares, as well as the authority to
undertake the resulting amendments to Clause 5 of the Arti-
cles of Association in order to amend the total share capital;

4. grant the Chairman and CEO, jointly or severally, all ne-
cessary authority to:
a. execute the above resolutions compliant with law;
b. adopt or include within any necessary amendments or addi-
tions (without altering the substance of the resolutions a-
dopted) as required in order to enrol on the Register of Com-
panies;
c. proceed with filing and enrolment pursuant to law, follo-
wing prior express adoption and ratification;
d. ensure that all other arrangements are taken that may pro-
ve necessary, including the authority to appropriately renum-
ber the above-mentioned paragraph in item 2 above, should to-
day’s Meeting in extraordinary session not have adopted the
amendments stated under item 2."
The discussion was then opened to the floor, with a request
made for anyone who spoke to state their name and to keep
their contribution as succinct as possible, bearing in mind
that it was felt appropriate that no shareholder should speak
for more than 10 minutes.
Nobody asked to speak.
The Chairman then moved on to the voting on the second item
on the agenda.
He called on any shareholders who might have moved away from
their seats temporarily to return and to remain there throu-
ghout the voting.

After having checked that nobody was prevented from exerci-
sing their right to vote pursuant to the aforesaid Legislati-
ve Decree no. 58/98, Legislative Decree no. 385/93, the Ita-
lian Civil Code or the Articles of Association, the Chairman
put the following proposal to the vote:
"Delegation to the Board of Directors, pursuant to Article
2443 of the Italian Civil Code, of the authority to resolve,
on one or more occasions for a maximum period of five years
starting from the date of the shareholders' resolution, to
carry out a free share capital increase, as allowed by Arti-
cle 2349 of the Italian Civil Code, for a maximum nominal a-
mount of Euros 103,000,000 corresponding to a maximum of
206,000,000 ordinary shares in UniCredit with a par value Eu-
ros 0.50 each, to be assigned to the Personnel of the Holding
Company and of Group banks and companies who hold positions
of particular importance for the purposes of achieving the
Group's overall objectives; consequent amendments to the Ar-
ticles of Association"
He then invited all voters to vote using the "voting termi-
nal", and to confirm their choice by pressing "OK".
After a short pause and having asked if everyone present had
voted, the Chairman declared the voting closed.
The Chairman announced the result of the vote as follows:
- 6,348,885,062 votes in favour, corresponding to 76.120738%
of the share capital present and entitled to vote and

32.939723% of the ordinary share capital.
The Chairman thus announced that the proposal had been appro-
ved, and asked me, Notary, to provide the Shareholders with
the details of the vote.
I, Notary, communicated that:
- 17 persons entitled to vote took part in the voting, repre-
senting 8,340,545,903 ordinary shares, corresponding to
43.272995% of the ordinary share capital, of which 17,368 we-
re present in person and 8,340,528,535 by proxy.
8,340,545,903 ordinary shares were admitted to vote, corre-
sponding to 100% of the shares represented at the meeting;
- 6,348,885,062 votes in favour, corresponding to 76.120738%
of the share capital present and entitled to vote and
32.939723% of the ordinary share capital;
- 1,972,970,031 votes against, corresponding to 23.655167%
of the share capital present and entitled to vote and
10.236299% of the ordinary share capital;
- 18,361,748 abstentions, corresponding to 0.220150% of the
share capital present and entitled to vote and 0.095266% of
the ordinary share capital;
- 329,062 not voting, corresponding to 0.003945% of the sha-
re capital present and entitled to vote and 0.001707% of the
ordinary share capital;
- The total of votes accounted for 8,340,545,903 shares.
The details of the votes cast would be available and would be

annexed to the Meeting’s minutes. I, Notary Public, read out
the list of the Shareholders who had voted against the mo-
tion, abstained or did not vote, and invited the attendants
to report any omissions or discrepancies in the list. The de-
tails of these adjustments would be included in the Meeting's
minutes.
The Chairman then moved on to the voting on the third item on
the agenda.
He called on any shareholders who might have moved away from
their seats temporarily to return and to remain there throu-
ghout the voting.
After having checked that nobody was prevented from exerci-
sing their right to vote pursuant to the aforesaid Legislati-
ve Decree no. 58/98, Legislative Decree no. 385/93, the Ita-
lian Civil Code or the Articles of Association, the Chairman
put the following proposal to the vote:
"Delegation to the Board of Directors, pursuant to Article
2443 of the Italian Civil Code, of the authority to resolve,
on one or more occasions and for a maximum period of five
years starting from the date of the shareholders’ resolution,
and to carry out a paid increase in share capital, though not
via pre-emption rights, as allowed by Article 2441, paragraph
eight of the Italian Civil Code, for a maximum nominal amount
of Euros 34,000,000 to service the exercise of rights regar-
ding the subscription of a maximum of 68,000,000 UniCredit

ordinary shares with a par value of Euros 0.50 each, to be
reserved for the employees of the Holding Company and of
Group banks and companies who hold positions of particular
importance for the purposes of achieving the Group’s overall
objectives; consequent amendments to the Articles of Associa-
tion"
He then invited all voters to vote using the "voting termi-
nal", and to confirm their choice by pressing "OK".
After a short pause and having asked if everyone present had
voted, the Chairman declared the voting closed.
The Chairman announced the result of the vote as follows:
- 6,414,526,420 votes in favour, corresponding to 76.907753%
of the share capital present and entitled to vote and
33.280288% of the ordinary share capital.
The Chairman thus announced that the proposal had been appro-
ved, and asked me, Notary, to provide the Shareholders with
the details of the vote.
I, Notary, communicated that:
- 17 persons entitled to vote took part in the voting, repre-
senting 8,340,545,903 ordinary shares, corresponding to
43.272995% of the ordinary share capital, of which 17,368 we-
re present in person and 8,340,528,535 by proxy.
8,340,545,903 ordinary shares were admitted to vote, corre-
sponding to 100% of the shares represented at the meeting;
- 6,414,526,420 votes in favour, corresponding to 76.907753%

of the share capital present and entitled to vote and
33.280288% of the ordinary share capital;
- 1,925,338,373 votes against, corresponding to 23.084081%
of the share capital present and entitled to vote and
9.989173% of the ordinary share capital;
- 352,048 abstentions, corresponding to 0.004221% of the
share capital present and entitled to vote and 0.001827% of
the ordinary share capital;
- 329,062 not voting, corresponding to 0.003945% of the sha-
re capital present and entitled to vote and 0.001707% of the
ordinary share capital;
- The total of votes accounted for 8,340,545,903 shares.
The details of the votes cast would be available and would be
annexed to the Meeting’s minutes. I, Notary Public, read out
the list of the Shareholders who had voted against the mo-
tion, abstained or did not vote, and invited the attendants
to report any omissions or discrepancies in the list. The de-
tails of these adjustments would be included in the Meeting's
minutes.
As no other issues were awaiting resolution, and nobody had
sought to speak, the Chairman thanked those who had attended
and at 8:30 pm declared the Meeting closed.
The following documents are annexed to these minutes:
1. Lists of the shareholders attending the Shareholders’ Mee-
ting or represented by proxy, under letter "A/1"
ordinary

session and "A/2" extraordinary session;
2. Annual "Report on Corporate Governance and Ownership
structures" for the shareholders’ meeting, under letter "B";
3. "Information on the 2011 compensation systems based on fi-
nancial instruments for UniCredit Group employees", drafted
in compliance with Consob Issuers Regulation no. 11971/99,
under letter "C";
4. Company and consolidated financial statements as at 31 De-
cember 2010, including the Directors’ and Board of Statutory
Auditors’ reports and Audit firm’s report, under letter "D";
5. Dossier containing the Chief Executive Officer’s presenta-
tions on items on the agenda, under letter "E";
6. Presentation by the Chairman of the Board of Statutory Au-
ditors on item 5 on the agenda, under letter "F";
7. CV of Mr Federico Ghizzoni, under letter "G";
8. Dossier containing the explanatory reports and proposals
relative to the agenda of the shareholders’ meeting, under
letter "H";
9. The next text of the Regulations for Shareholders’ Mee-
tings, under letter "I";
10. The new text of the Articles of Association, under letter
"L";
11. The results of the voting on all items on the agenda, un-
der letter "M".
Those appearing before me have waived me from reading out all

of the annexes, having stated full cognizance of them.
I have read out this deed to those appearing before me. At my
request, they have declared that it is consistent with their
intentions. I, Notary Public, and the appearing party have
hereby signed the English language text, and its translation
into Italian.
Drafted by a person trusted by me on fiftyseven sheets of pa-
per twohundred and twentyseven and up to this section from
twohundred and twentyeighth on a typewriter, in addition to a
small section written by hand.
F.ti: Dieter RAMPL
Salvatore MARICONDA, Notary

UniCredit S.p.A. 29 April 2011 17.15.07
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
RESULTS OF VOTING
Subjetc : Presentation of the financial statement
38 (*) persons entitled to vote took part in the voting, representing 8.340.611.955 ordinary shares, equating to
43,273337 % of ordinary share capital of which 83.402 shares were represented in person and 8.340.528.553 by
proxy.
8.340.611.955 ordinary shares were admitted to voting, corresponding to 100,000000% of the shares
represented at the meeting.
The counting of votes produced the following results:
% of share capital present and entitled
to vote %ordinary capital
In Favour 8.338.962.171 votes equating to 99,980220 43,264778
AGAINST 952.948 votes equating to 0,011425 0,004944
Sub-Total 8.339.915.119 votes equating to 99,991645 43,269722
Abstentions 367.764 votes equating to 0,004409 0,001908
Not Voting 329.072 votes equating to 0,003945 0,001707
Sub-Total 696.836 votes equating to 0,008355 0,003615
Total 8.340.611.955 votes equating to 100,000000 43,273337
Pursuant to art. 135-undecies of TUF 0 shares were not counted for the calculation of the majority and of share
capital needed for approval to voting, corresponding to % of the shares represented at the meeting.
(*)NOTE:
There were -10 more people in attendance entitled to vote relative to the previous count, representing an
addintional 3,456987% of ordinary share capital.
Pag. 1

UniCredit S.p.A. 29 April 2011 17.15.07
RESULTS OF VOTING
Subjetc: Approvazione del bilancio di esercizio
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
1027 DE COSMO AMANDA 0 0 0
**D NBT MAIN A C (NCB CLEARING SVCS) 0 938.293 938.293
1287 ROSANIA ELMAN 0 0 0
*** LUCIANO LIDIA 0 10 10
1479 ZILIOTTO PIERLUIGI 2.000 0 2.000
1614 COLUMBRO DANTE MARIO 271 0 271
1624 DANESI MARIANGELA 2.000 0 2.000
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 10 10
1751 GUERRA GIORGIO 7 7 14
1882 DOBRILLA RICCARDO 1 0 1
1904 TUDINI GERARDO 1.694 0 1.694
1978 MARBOT MICHEL MARIE PIERRE 0 0 0
DE* STOWARZYSZENIE PRZEJRZYSTY RYNEK 0 1 1
1990 PACIFICO RICCARDO 150 0 150
2013 BIELEWICZ JERZY CEZARY 2 0 2
2047 LA VERDE LUCIO 8.500 0 8.500
2981 SANTORO FRANCESCO 2 0 2
Total vote 952.948
Percentage of voters% 0,011425
Percentage of Capital% 0,004944
Page 1

UniCredit S.p.A. 29 April 2011 17.15.07
RESULTS OF VOTING
Subjetc: Approvazione del bilancio di esercizio
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
1027 DE COSMO AMANDA 0 0 0
**D CITY OF PHILADELPHIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0 352.048 352.048
1139 GIGLIONI ALVARO 1 0 1
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 15.715 15.715
Total vote 367.764
Percentage of voters% 0,004409
Percentage of Capital% 0,001908
Page 2

UniCredit S.p.A. 29 April 2011 17.15.07
RESULTS OF VOTING
Subjetc: Approvazione del bilancio di esercizio
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
NOT VOTING
1287 ROSANIA ELMAN 0 0 0
*** CASELLA POTITO 0 24 24
*** CAPPIELLO ANDREA 0 965 965
*** GALANO PASQUALE 0 8.329 8.329
*** ACQUAVIA VITO ANTONIO 0 11 11
*** TELESCA FRANCESCO SAVERIO 0 173 173
*** NOTARGIACOMO GIULIA 0 71.232 71.232
*** MITRIONE MARIA ADELAIDE 0 6.172 6.172
*** DI LUCCHIO LOREDANA ERMINIA 0 1.986 1.986
*** DI LUCCHIO GIANPAOLO CRISTIAN 0 3.984 3.984
*** DELLI COLLI CLEMENTE 0 128.301 128.301
*** DELLI COLLI VALERIA 0 57.948 57.948
*** TELESCA GIANLUCA 0 173 173
*** TELESCA MARIA LUIGIA 0 197 197
*** DE BONIS DONATO ANTONIO 0 11 11
*** VARLOTTA GIOVANNI 0 10 10
*** ATELLA GIANFRANCO 0 1.733 1.733
*** SARI ANGELO 0 18.213 18.213
*** BUFANO TOMMASO 0 13 13
*** MIMMO ANTONIO 0 14.289 14.289
*** GIGLIO DOMENICO 0 144 144
*** CORDASCO DOMENICO 0 11 11
*** CATAPANO SALVATORE CARMINE VINCENZO 0 5 5
*** NOLE` ORIANA 0 3.310 3.310
*** POTENZA DONATO 0 10.000 10.000
*** GUALANDI BIANCA ENRICA 0 1.818 1.818
*** VARLOTTA CINZIA ANNAMARIA 0 10 10
2006 PIPPONZI IVANA ENRICA 0 10 10
Total vote 329.072
Percentage of voters% 0,003945
Percentage of Capital% 0,001707
Page 3

UniCredit S.p.A. 29 April 2011 17.22.18
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
RESULTS OF VOTING
Subjetc : Allocation of the net profit of the year
39 (*) persons entitled to vote took part in the voting, representing 8.340.612.102 ordinary shares, equating to
43,273338 % of ordinary share capital of which 83.549 shares were represented in person and 8.340.528.553 by
proxy.
8.340.612.102 ordinary shares were admitted to voting, corresponding to 100,000000% of the shares
represented at the meeting.
The counting of votes produced the following results:
% of share capital present and entitled
to vote %ordinary capital
In Favour 8.340.259.853 votes equating to 99,995777 43,271511
AGAINST 13.677 votes equating to 0,000164 0,000071
Sub-Total 8.340.273.530 votes equating to 99,995941 43,271581
Abstentions 9.500 votes equating to 0,000114 0,000049
Not Voting 329.072 votes equating to 0,003945 0,001707
Sub-Total 338.572 votes equating to 0,004059 0,001757
Total 8.340.612.102 votes equating to 100,000000 43,273338
Pursuant to art. 135-undecies of TUF 0 shares were not counted for the calculation of the majority and of share
capital needed for approval to voting, corresponding to % of the shares represented at the meeting.
(*)NOTE:
There were 1 more people in attendance entitled to vote relative to the previous count, representing an
addintional 0,000001% of ordinary share capital.
Pag. 1

UniCredit S.p.A. 29 April 2011 17.22.18
RESULTS OF VOTING
Subjetc: Destinazione dell'utile di esercizio
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
1139 GIGLIONI ALVARO 1 0 1
1287 ROSANIA ELMAN 0 0 0
*** LUCIANO LIDIA 0 10 10
1479 ZILIOTTO PIERLUIGI 2.000 0 2.000
1624 DANESI MARIANGELA 2.000 0 2.000
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 10 10
1882 DOBRILLA RICCARDO 1 0 1
1978 MARBOT MICHEL MARIE PIERRE 0 0 0
DE* STOWARZYSZENIE PRZEJRZYSTY RYNEK 0 1 1
1990 PACIFICO RICCARDO 150 0 150
2013 BIELEWICZ JERZY CEZARY 2 0 2
2047 LA VERDE LUCIO 8.500 0 8.500
2981 SANTORO FRANCESCO 2 0 2
949 D`ANGERIO SILVIO 1.000 0 1.000
Total vote 13.677
Percentage of voters% 0,000164
Percentage of Capital% 0,000071
Page 1

UniCredit S.p.A. 29 April 2011 17.22.18
RESULTS OF VOTING
Subjetc: Destinazione dell'utile di esercizio
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 6.515 6.515
692 PEDERSOLI LANFRANCO 2.985 0 2.985
Total vote 9.500
Percentage of voters% 0,000114
Percentage of Capital% 0,000049
Page 2

UniCredit S.p.A. 29 April 2011 17.22.18
RESULTS OF VOTING
Subjetc: Destinazione dell'utile di esercizio
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
NOT VOTING
1287 ROSANIA ELMAN 0 0 0
*** CASELLA POTITO 0 24 24
*** CAPPIELLO ANDREA 0 965 965
*** GALANO PASQUALE 0 8.329 8.329
*** ACQUAVIA VITO ANTONIO 0 11 11
*** TELESCA FRANCESCO SAVERIO 0 173 173
*** NOTARGIACOMO GIULIA 0 71.232 71.232
*** MITRIONE MARIA ADELAIDE 0 6.172 6.172
*** DI LUCCHIO LOREDANA ERMINIA 0 1.986 1.986
*** DI LUCCHIO GIANPAOLO CRISTIAN 0 3.984 3.984
*** DELLI COLLI CLEMENTE 0 128.301 128.301
*** DELLI COLLI VALERIA 0 57.948 57.948
*** TELESCA GIANLUCA 0 173 173
*** TELESCA MARIA LUIGIA 0 197 197
*** DE BONIS DONATO ANTONIO 0 11 11
*** VARLOTTA GIOVANNI 0 10 10
*** ATELLA GIANFRANCO 0 1.733 1.733
*** SARI ANGELO 0 18.213 18.213
*** BUFANO TOMMASO 0 13 13
*** MIMMO ANTONIO 0 14.289 14.289
*** GIGLIO DOMENICO 0 144 144
*** CORDASCO DOMENICO 0 11 11
*** CATAPANO SALVATORE CARMINE VINCENZO 0 5 5
*** NOLE` ORIANA 0 3.310 3.310
*** POTENZA DONATO 0 10.000 10.000
*** GUALANDI BIANCA ENRICA 0 1.818 1.818
*** VARLOTTA CINZIA ANNAMARIA 0 10 10
2006 PIPPONZI IVANA ENRICA 0 10 10
Total vote 329.072
Percentage of voters% 0,003945
Percentage of Capital% 0,001707
Page 3

UniCredit S.p.A. 29 April 2011 17.35.07
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
RESULTS OF VOTING
Subjetc : Reduction of Board members from 23 to 22
33 (*) persons entitled to vote took part in the voting, representing 8.340.603.235 ordinary shares, equating to
43,273292 % of ordinary share capital of which 74.682 shares were represented in person and 8.340.528.553 by
proxy.
8.340.603.235 ordinary shares were admitted to voting, corresponding to 100,000000% of the shares
represented at the meeting.
The counting of votes produced the following results:
% of share capital present and entitled
to vote %ordinary capital
In Favour 6.001.063.377 votes equating to 71,949992 31,135130
AGAINST 2.038.252.742 votes equating to 24,437714 10,575003
Sub-Total 8.039.316.119 votes equating to 96,387706 41,710133
Abstentions 300.951.352 votes equating to 3,608268 1,561417
Not Voting 335.764 votes equating to 0,004026 0,001742
Sub-Total 301.287.116 votes equating to 3,612294 1,563159
Total 8.340.603.235 votes equating to 100,000000 43,273292
Pursuant to art. 135-undecies of TUF 0 shares were not counted for the calculation of the majority and of share
capital needed for approval to voting, corresponding to % of the shares represented at the meeting.
(*)NOTE:
There were -6 more people in attendance entitled to vote relative to the previous count, representing an
addintional -0,000046% of ordinary share capital.
Pag. 1

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
1027 DE COSMO AMANDA 0 0 0
**D CIBC BANK AND TRUST COMPANY CAYMAN LIMITED 0 951 951
**D BANK JULIUS BAER & CO LTD 0 670.500 670.500
**D ROYAL BANK OF CANADA (CHANNELL ISLANDS) LIMITED 0 2.222 2.222
**D LPIP, AKT EUROPA II(INDEKSPORTEF C/O NYKREDIT PORTEFOLJE ADM. A/S 0 1.426.190 1.426.190
**D LPI AKTIER EUROPA C/O NYKREDIT PORTEFOLJE ADM. A/S 0 71.704 71.704
**D LPIP, AKT GLOBALE II(AKTIV FOR C/O NYKREDIT PORTEFOLJE ADM. A/S 0 327.839 327.839
**D LPI AKTIER GLOBALE V C/O NYKREDIT PORTEFOLJE ADM. A/S 0 37.445 37.445
**D F.M.B.A.PENSION EQUITY INVEST I C/O OPERATIONS 0 112.053 112.053
**D NOMURA BANK (LUXEMBOURG) SA CLIENT ACCOUNT 0 605.785 605.785
**D BBH B J T S RE CMA MFS EX-JAPAN GROWTH MOTHER FUND 0 624.030 624.030
**D BBH B J T S RE CMA MFS EX-JAPAN GROWTH MOTHER FUND 0 7.042 7.042
**D VANGUARD GLOBAL EQUITY FUND 0 2.771.282 2.771.282
**D VANGUARD EUROPEAN STOCK INDEX FUND 0 14.626.041 14.626.041
**D VANGUARD TAX-MANAGED INTERNATIONAL FUND 0 9.891.783 9.891.783
**D SEI INST INVES TRUST INTERNAT EQTY FUND 0 856.808 856.808
**D SEI INSTITUTIONAL INTERN TRUST INTERNATI 0 2.876.218 2.876.218
**D VANGUARD INTERNATIONAL VALUE FUND 0 10.163.750 10.163.750
**D SEI INST INVEST TRUST WORLD EQ EX-US FUN 0 1.581.850 1.581.850
**D NATIXIS INTERNT FUNDS LUX I 0 174.759 174.759
**D ING DIRECT 0 250.753 250.753
**D OFI INSTITUTIONAL INTERNATIONAL INDEX FU 0 91.257 91.257
**D SEI INST INV TRUST SCREENED WORL 0 17.945 17.945
**D VANGUARD TOTAL WORLD STOCK INDEX FUND 0 828.810 828.810
**D THE EUROPEAN EQUITY FUND INC. 0 1.200.000 1.200.000
**D VANGUARD DEVELOP MARKET INDEX FUND 0 13.478.142 13.478.142
**D VANGUARD FTSE ALL-WORLD EX US INDEX FUND 0 14.882.233 14.882.233
**D BBH B J T S RE CMA MFS EX-JAPAN GROWTH MOTHER FUND 0 23.278 23.278
**D BBH B FOR TMTBJ RE: MUTB400037270 0 135.444 135.444
**D FPP GLOBAL ENDEAVOUR DEVELOPED MARKETS F 0 2.449 2.449
**D PYRAMIS GLOBAL EX US INDEX FUND LP 0 230.320 230.320
**D BBH/LIFEYRISSJODUR VERZLUNARMANNA-PENSIO 0 133.871 133.871
**D NATIONAL AUTOMATIC SPRINKLER INDUSTRY PENSION FUND (TRILOGY) 0 519.485 519.485
**D 3 TO 1 DIVERSIFIED EQUITY FUND 0 141.207 141.207
**D HUNTINGTON NATIONAL BANK 0 75.000 75.000
**D HUNTINGTON NATIONAL BANK INTERN EQ FUND 0 1.100.000 1.100.000
**D MANULIFE INTERNATIONAL LTD 0 767.832 767.832
**D EIS SERVICES BERMUDA LTD 0 471.805 471.805
**D MANULIFE PROPERTY LTD PARTNERSHIP 0 606.941 606.941
**D HSBC FD SERV MANUFACT LIFE INSURA CO LTD 0 649.097 649.097
**D BDF-FONDS E ACT. EUROP. 0 100.586 100.586
**D VRP 2 0 571.143 571.143
**D FCP FCE PLACT EURO BIS 0 3.977.498 3.977.498
Page 1

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D FCP FCE INVEST EURO 0 2.996.831 2.996.831
**D FCP COEFFICIENCE 0 560.067 560.067
**D FCP CNP ACTIONS EM 0 557.997 557.997
**D INVESCO ACTIONS EUROPE 0 1.386.002 1.386.002
**D NATEXIS PERFORMANCE I 0 27.134 27.134
**D D&O DEXIA ISR 0 92.421 92.421
**D HENDERSON GLOBAL FINANCIAL FUND 0 682.266 682.266
**D AIM CRISTAL FCP 0 48.702 48.702
**D LABEL EUROPE ACTIONS FCP 0 307.000 307.000
**D MONT JOIE INVESTISSEMENTS 0 46.622 46.622
**D FCP AIR FRANCE IFC 0 68.368 68.368
**D SICAV AXA EUROPE ACTIONS 0 1.977.777 1.977.777
**D ACTIONS SELECTIONNEES SICAV 0 23.852 23.852
**D FCPE TOTAL 5000 0 880.456 880.456
**D FCP AXA EUROPE DU SUD 0 463.228 463.228
**D FCP AXA EURO VAL.RESP. 0 1.769.500 1.769.500
**D AXA IM COUPOLE 0 162.644 162.644
**D HENDERSON EUROPEAN ENHANCED EQUITY FUND 0 2.323.129 2.323.129
**D WITAN INVESTMENT TRUST PLC 0 446.126 446.126
**D INVESCO ZVEI FONDS 0 175.153 175.153
**D WIN FONDS III 0 397.900 397.900
**D OPTIMIX WHOLESALE GLOBAL SHARE TRUST 0 257.662 257.662
**D INSURANCE COMMISSION OF WETERN AUSTRALIA 0 66.777 66.777
**D HOUR GLASS INDEXED INT SHARED SECT TRUST 0 232.556 232.556
**D ENHANCED INDEX INTERNATIONAL SHARE FUND 0 2.168.551 2.168.551
**D FDT ETHOS 0 210.821 210.821
**D JAPAN TRUSTEE SERVICES BANK,LTD INV.FUND 0 96.646 96.646
**D FIRST CLEARING LLC 0 330.316 330.316
**D DEXIA EQUITIES L 0 1.636.786 1.636.786
**D HARVEY HUBBELL INC MSTR PENS TRUST 0 96.327 96.327
**D FORD MOTOR COMPANY DEFINED BENEFIT 0 1.900.068 1.900.068
**D JAGUAR PENSION PLAN 0 216.000 216.000
**D JOANNE COTSEN TRUST B 0 10.353 10.353
**D NORTHERN INTL EQUITY INDEX FUND 0 1.933.258 1.933.258
**D THE MASTER TRUST BANK OF JAPAN 0 90.257 90.257
**D NT GLOBAL INVESTMENT COLL FUNDS 0 16.246.312 16.246.312
**D NTGI-QM COMMON DAILY ALL COUNTRY WORLD E 0 187.340 187.340
**D VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIAT 0 46.509 46.509
**D THE HENRY SMITH CHARITY 0 429.925 429.925
**D TRINITY COLLEGE 0 92.977 92.977
**D WHEELS COMMON INVESTMENT FUND 0 797.029 797.029
**D ACCIDENT COMPENSATION CORPORATION 0 249.108 249.108
**D AMERICAN COLLEGE OF SURGEONS 0 58.026 58.026
Page 2

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D AMERICAN LEBANESE SYRIAN ASSOCIATED 0 99.705 99.705
**D DAILY M&G TRUST SENIOR EXECUTIVES 0 60.994 60.994
**D CADBURY SCHWEPPES PLC PENSION TRUST LTD 0 180.628 180.628
**D THE CLESS CAPITAL TRUST 0 3.476 3.476
**D CHEMTURA CORPORATION MASTER RETIR TR 0 108.070 108.070
**D THE CALIFORNIA WELLNESS FOUNDATION 0 67.984 67.984
**D WILLIAM DOHENY GRANDCHILDERN TRUST 0 8.702 8.702
**D FORD FOUNDATION 0 689.034 689.034
**D THE HY-VEE AFFILIATES 401 K PLAN 0 144.224 144.224
**D RBS HBOS EURO SPECIAL SITUATIO 0 2.013.644 2.013.644
**D ILLINOIS CONSOLIDATED TELEPHONE TST 0 19.808 19.808
**D ILLINOIS TOOL WORKS MASTER TRUST 0 635.377 635.377
**D JEWISH COMMUNITY FED SAN FRANCISCO 0 15.870 15.870
**D THE JENNIFER U.CLESS CHILDS TRUST 0 4.830 4.830
**D LEGAL AND GENERAL GLOBAL GROWTH TRUS 0 197.675 197.675
**D LEGAL&GENERAL EUROPEAN INDEX TRUST 0 10.591.357 10.591.357
**D RBS LEGAL E GENERAL INTL INDEX TRUST 0 235.083 235.083
**D THE MARTIN CLESS CHILD UAD 4/23/90 0 4.499 4.499
**D ML LAWRENCE TRUST 0 7.600 7.600
**D EDWARD E ANNA MITCHELL FAMILY FOUNDA 0 1.500 1.500
**D NORTHERN GLOBAL SUSTAINABILITY INDEX FUN 0 110.234 110.234
**D NORTHWESTERN UNIVERSITY 0 100.089 100.089
**D PEOPLES ENERGY RETIREMENT PLAN 0 134.100 134.100
**D NATIONAL RAILROAD INVESTMENT TRUST 0 4.224.252 4.224.252
**D NATIONAL RAILROAD RET INVESTMENT TRUST PUBL FUND 0 3.412.348 3.412.348
**D SURREY COUNTY COUNCIL PENSION FUND 0 222.916 222.916
**D TENNESSE CONSOLIDATED RETIREMENT SYSTEM 0 653.782 653.782
**D THE NUFIELD FOUNDATION 0 26.471 26.471
**D WANDSWORTH BOROUGH COUNCIL PENSION FUND 0 579.652 579.652
**D CABLE & WIRELESS RETIREMENT PLAN 0 54.113 54.113
**D NEW ZEALAND SUPERANNUATION FUND 0 500.854 500.854
**D FORD MOTOR COMPANY DEFINED BENEFIT 0 193.940 193.940
**D STICHTING PENSIOENFONDS VAN DE METALEKTR 0 346.892 346.892
**D UNITED NATIONS RELIEF AND WORKS FOR PALESTINIAN REFUGEES IN THE NEAR EAST 0 57.936 57.936
**D COCA-COLA MASTER RETIREMENT TRUST 0 393.418 393.418
**D ELI LILLY RETIREMENT PLAN MASTER 0 445.474 445.474
**D ANDREW W. MELLON FOUNDATION 0 49.945 49.945
**D NORTHERN INSTIT FUNDS INT INDEX PF 0 274.634 274.634
**D MUNICIPAL EMP ANNUITY E BEN FD CHICA 0 263.245 263.245
**D INDIANA STATE TEACHERS RETIREMENT FD 0 484.109 484.109
**D QM COMMON DAILY WORLD INDEX FUND 0 470.646 470.646
**D SANDIA CORPORATION PENSIONS PLANS 0 163.036 163.036
**D AMERICAN HONDA MOTOR CO RETIREMENT 0 536.390 536.390
Page 3

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D BAYCARE SYSTEM MASTER CUSTODY POOL 0 490.323 490.323
**D BANNER HEALTH SYSTEM 0 1.251.583 1.251.583
**D BRANDES INVEST PARTNERS LP 401K 0 12.984 12.984
**D BAY CARE HEALTH SYSTEM GROUP INVEST. 0 13.789 13.789
**D CITY OF FRESNO RETIREMENT SYSTEM 0 312.853 312.853
**D CITY OF MILWAUKEE EMPLOY RETIREMENT 0 887.327 887.327
**D CHRISTIAN SCHOOL PENSION AND TRUST 0 234.556 234.556
**D EMPLOYEES RET FUND - CITY OF DALLAS 0 597.677 597.677
**D DANAHER CORPORATION RETIREMENT PLAN MASTER TRUST 0 373.514 373.514
**D FIREMANS ANNUITY AND BENEFITS FUND O 0 152.699 152.699
**D FORTUNE BRANDS,INC MASTER PENSION TR 0 504.935 504.935
**D HOUSTON POLICE OFFICERS PENS SYSTEM 0 1.017.901 1.017.901
**D ILLINOIS MUNICIPAL RETIREMENT FUND 0 881.700 881.700
**D HENRY J KAISER FAMILY FOUNDATION 0 16.310 16.310
**D CITY OF LOS ANGELES FIRE POLICE PLAN 0 705.573 705.573
**D MONTGOMERY COUNTY EMPLOYEES` RETIR 0 211.040 211.040
**D MEMPHIS GAS LIGHTEWATER RETIR.EPENSI 0 334.660 334.660
**D REFORM PENSION ROAD 0 47.614 47.614
**D SISTERS OF PROVIDENCE RETIRE. PLAN 0 63.615 63.615
**D SAN FRANCISCO CITY & COUN.RET.SYSTEM 0 1.230.163 1.230.163
**D UFCW LOCAL 152 RETAIL MEAT PENSION FD 0 93.351 93.351
**D VOLKSWAGEN US.INC.E.RETIREMENT PLAN 0 31.953 31.953
**D STICHTING BEDRIJFSPENSIOENFONDS VOOR 0 1.226.896 1.226.896
**D NICKEL 2005 TRUST NO.1 0 118.754 118.754
**D INTERNATIONAL EQUITY PARTNERS 0 140.313 140.313
**D HK MONETARY AUTHORITY 0 7.607.761 7.607.761
**D HONG KONG SPECIAL ADMIN EXCHANGE FD 0 1.841.727 1.841.727
**D HOSPITAL AUTHORITY PROVIDENT FUND S. 0 1.490.156 1.490.156
**D BRANDES INL`T EQUITY FUND 0 61.099 61.099
**D SANFORD TAFT-HARTLEY VALUE SERIES 0 202.335 202.335
**D NORTHERN TRUST NON-UCITS COMMON CONTRACT 0 18.428 18.428
**D ATD FAMILY LTD PARTNERSHIP DTD 0 1.860 1.860
**D GRIFFIN FAMILY TRUST 0 36.890 36.890
**D GRAHAM CAPITAL PARTNERSHIP I LP 0 29.914 29.914
**D LCL FAMILY LIMITED PARTNERSHIP 0 1.288 1.288
**D LAS OLAS EQUITY PARTNERS LP 0 50.287 50.287
**D LJR LIMITED PARTNERSHIP 0 402.604 402.604
**D MONDRIAN GLOBAL EQUITY FUND L.P. 0 505.011 505.011
**D LOR PIP INTERNATIONAL 0 293.383 293.383
**D THOMPSON & MURFF 0 21.347 21.347
**D MS FUND LP 0 1.413.796 1.413.796
**D WHD FAMILY LIMITED PARTNERSHIP 0 8.193 8.193
**D COMMON MONTHLY INTL EX-JAPAN EQUITY 0 207.969 207.969
Page 4

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D BRADLEY JR. TRUSTS MASTER INVESTMENT 0 279.826 279.826
**D JANE BRADLEY UIHLEIN INVESTMENT LLP 0 526.537 526.537
**D SANFORD BERNSTEIN DELAWARE BUSINESS 0 833.265 833.265
**D CENTRAL PROVIDENT FUND BOARD 0 220.385 220.385
**D NATIONAL COUNCIL FOR SOCIAL SEC FUND 0 272.393 272.393
**D FIFE COUNCIL PENSION FUND 0 681.370 681.370
**D TYNE AND WEAR PENSION FUND 0 1.555.473 1.555.473
**D THE TAYSIDE SUPERANNUATION FUND 0 7.426.543 7.426.543
**D INCOME TRUST: FIDELITY S GLOBAL EX US I 0 250.383 250.383
**D NORTHERN TRUST QUANTITATIVE FUND PLC 0 633.466 633.466
**D NORTHERN TRUST UNIT TRUST 0 3.032.777 3.032.777
**D NORTHERN TRUST ROBUSTA FUND 0 1.370.439 1.370.439
**D HSBC MM INTL VAUE EQUITY FUND 0 173.400 173.400
**D FORD OF CANADA MASTER TRUST FUND 0 330.418 330.418
**D CITY OF REGINA POLICE PENSION PLAN 0 104.925 104.925
**D CITY OF REGINA CIVIC SUPER BENEFIT 0 690.752 690.752
**D PENSION PLAN TRUST FUND 0 852.554 852.554
**D MICROSOFT GLOBAL FINANCE LIMITED 0 2.509.190 2.509.190
**D MICROSOFT GLOBAL FINANCE LIMITED 0 610.933 610.933
**D BLUE SKY GROUP 0 5.137.397 5.137.397
**D STICHTING INSTITUUT GAK 0 85.325 85.325
**D FUTURE FUND FOR BOARD OF GUARDIANS 0 3.934.335 3.934.335
**D ST ANDREWS LIFE ASSURANCE PLC 0 216.979 216.979
**D CLERICAL MED INVEST GROUP LIMITED 0 566.584 566.584
**D CLERICAL MEDICAL MANAGED FUNDS LTD 0 63.027 63.027
**D HALIFAX INTL INVEST ICVC EUROPEAN FD 0 1.710.855 1.710.855
**D STICHTING PENSIOENFONDS CSM NEDERL 0 31.212 31.212
**D STICHTING PENSIOENFONDS SAGITTARIUS 0 583.121 583.121
**D ANGLIAN WATER PENSION SCHEME 0 26.237 26.237
**D UBS FUND MANAGEMENT (SWITZERLAND) AG 0 1.919.754 1.919.754
**D UBS FUND MANAGEMENT (LUXEMBOURG) S.A. 0 36.606.214 36.606.214
**D UBS (LUX) EQUITY FUND - EURO COUNTRIES 0 14.407.864 14.407.864
**D UBS (LUX) KEY SELECTION SICAV 0 4.597.585 4.597.585
**D UBS (LUX) EQUITY SICAV 0 2.323 2.323
**D UBS (LUX) STRATEGY FUND 0 224.859 224.859
**D UBS FUND MANAGEMENT (LUXEMBOURG) S.A 0 123.020 123.020
**D UBS (LUX) STRATEGY XTRA SICAV 0 139.066 139.066
**D TRUST E CUSTODY SERVICES BANK LTD 0 7.473.919 7.473.919
**D ABU DHABI RETIREMENT PENSION FUND 0 564.567 564.567
**D SYNTRUS ACHMEA MULTI MANAGER POOL EUROPE 0 1.733.282 1.733.282
**D STICHTING PENSIOENFONDS CAMPINA 0 447.793 447.793
**D UNIVEST 0 3.710.099 3.710.099
**D THE MASTER TRUST BANK OF JAPAN, LTD AS TRUSTEE FOR MORGAN STANLEY DEVELOPED 0 14.769 14.769
Page 5

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D JAPAN TRUSTEE SERVICES BANK LTD AS TRUST 0 1.173.293 1.173.293
**D JPMORGAN DIVERSIFIED FUND 0 249.371 249.371
**D VINSON & ELKINS LLP RETIREMENT PLANS MAS 0 48.477 48.477
**D JPMORGAN INTERNATIONAL VALUE SMA FUND 0 2.810.688 2.810.688
**D MFS DIVERSIFIED TARGET RETURN FUND 0 20.823 20.823
**D SMA RELATIONSHIP TRUST-SERIES A 0 11.590 11.590
**D SCHRODER INTERNATIONAL DIVERSIFIED VALUE 0 6.271 6.271
**D WINDSTREAM MASTER TRUST 0 128.700 128.700
**D GENERAL CABLE CORPORATION MASTER RETIREM 0 32.000 32.000
**D PUBLIC EMPLOYEES RETIREMENT ASSOCIATION 0 1.487.029 1.487.029
**D COMMINGLED PENSION TRUST FUND (GLOBAL OP 0 609.757 609.757
**D PENN SERIES DEVELOPED INTERNATIONAL INDE 0 67.994 67.994
**D JPMORGAN INTERNATIONAL OPPORTUNITIES PLU 0 15.495 15.495
**D UBS MARKET NEUTRAL MULTI-STRATEGY FUND 0 8.433 8.433
**D DAVID E MOORE 0 48.282 48.282
**D THE CHASE MANHATTAN BANK 0 69.891 69.891
**D GRAND LODGE OF PENNSYLVANIA CONSOLIDATED 0 281.507 281.507
**D AXA-EB 510 0 84.351 84.351
**D JPMORGAN FUNDS EUROPE DYNAMIC SMALL CAP FUND 0 317.952 317.952
**D MORGAN STANLEY INVESTMENT FUNDS 0 253.609 253.609
**D JPMORGAN TOKYO FUND, FCP 0 2.811.070 2.811.070
**D JPMORGAN INVESTMENT FUNDS 0 4.371.473 4.371.473
**D JPMORGAN LIFE LIMITED 0 312.839 312.839
**D SCHRODER INTERNATIONAL SELECTION FUND 0 4.842.644 4.842.644
**D VANGUARD INVESTMENT SERIES, PLC 0 1.265.038 1.265.038
**D SCHRODER GLOBAL EQUITY FUND 0 668.468 668.468
**D SAS TRUSTEE CORPORATION 0 1.678.146 1.678.146
**D INTECH INTERNATIONAL SHARES HIGH OPPORTU 0 59.201 59.201
**D UBS GLOBAL ASSET MANAGEMENT LIFE LTD 0 2.569.277 2.569.277
**D UBS EUROPEAN EQUITY FUND 0 1.494.277 1.494.277
**D UBS DYNAMIC ALPHA STRATEGIES MASTER FUND 0 389.809 389.809
**D ROCKEFELLER & CO., INC 0 1.187.520 1.187.520
**D SAMPENSION INVEST AFDELING GLOBAL AKTIEN 0 732.202 732.202
**D BANKING & PAYMENTS AUTHORITY OF TIMOR-LE 0 187.181 187.181
**D QANTAS SUPERANNUATION PLAN 0 180.545 180.545
**D LABOR PENSION FUND SUPERVISORY COMMITTEE 0 103.354 103.354
**D LABOR PENSION FUND SUPERVISORY COMMITTEE-LABOR RETIREMENT FUND 0 98.395 98.395
**D LABOR PENSION FUND SUPERVISORY COMMITTEE 0 210.614 210.614
**D FUNDACAO CALOUSTE GULBENKIAN 0 1.007.020 1.007.020
**D AUSTRALIAN REWARD INVESTMENT ALLIANCE 0 576.591 576.591
**D SCHRODER GLOBAL DYNAMIC BLEND FUND 0 950.311 950.311
**D THE TRUSTEE FOR INTERNATIONAL EQUITIES S 0 214.940 214.940
**D VANGUARD INTERNATIONAL SHARE INDEX FUND 0 4.110.717 4.110.717
Page 6

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D THE MASTER TRUST BANK OF JAPAN, LTD. AS 0 70.012 70.012
**D JPMORGAN INTREPID INTERNATIONAL FUND 0 236.050 236.050
**D SCHRODER GLOBAL ACTIVE VALUE FUND 0 468.355 468.355
**D AMONIS NV 0 234.059 234.059
**D SCHRODER DIVERSIFIED GROWTH FUND 0 712.244 712.244
**D FAMANDSFORENINGEN PENSAM INVEST PSI 10 G 0 318.708 318.708
**D JPMORGAN INTERNATIONAL EQUITY INDEX FUND 0 2.176.583 2.176.583
**D COMMINGLED PENSION TRUST FUND (EAFE EQUI 0 1.716.843 1.716.843
**D COMMINGLED PENSION TRUST FUND (EAFE RESE 0 124.177 124.177
**D THE BOEING COMPANY EMPLOYEE RETIREMENT P 0 82.900 82.900
**D JPMORGAN INTERNATIONAL OPPORTUNITIES FUN 0 1.083.360 1.083.360
**D JPMORGAN INTERNATIONAL VALUE FUND 0 8.720.507 8.720.507
**D JP MORGAN CHASE RETIREMENT PLAN 0 2.138.778 2.138.778
**D T ROWE PRICE INTERNATIONAL INDEX FUND, I 0 572.822 572.822
**D VANTAGEPOINT OVERSEAS EQUITY INDEX FUND 0 246.005 246.005
**D NVIT MULTI-MANAGER INTERNATIONAL VALUE F 0 1.266.938 1.266.938
**D COMMINGLED PENSION TRUST FUND (INTERNATI 0 1.001.019 1.001.019
**D UBS DYNAMIC ALPHA FUND 0 231.648 231.648
**D COMMINGLED INTREPID INTL JPMORGAN CHASE 0 259.084 259.084
**D SBC MASTER PENSION TRUST 0 491.774 491.774
**D TEACHERS RETIREMENT SYSTEM OF OKLAHOMA 0 3.097.087 3.097.087
**D JP MORGAN CHASE 401(K) SAVINGS PLAN 0 1.690.684 1.690.684
**D NEW YORK STATE COMMON RETIREMENT FUND 0 391.389 391.389
**D JNL/MELLON CAPITAL MANAGEMENT INTERNATIO 0 1.471.058 1.471.058
**D JNL/JPMORGAN INTERNATIONAL VALUE FUND 0 2.910.649 2.910.649
**D THE BOEING COMPANY EMPLOYEE RETIREMENT P 0 689.923 689.923
**D WASHINGTON STATE INVESTMENT BOARD 0 6.467.557 6.467.557
**D EMPLOYEES RETIREMENT SYSTEM OF TEXAS. 0 2.467.192 2.467.192
**D STATE OF WYOMING, WYOMING STATE TREASURE 0 525.687 525.687
**D FRANKLIN TEMPLETON INVESTMENT FUNDS 0 267.591 267.591
**D GOLDMAN SACHS TRUST - GOLDMAN SACHS INTE 0 113.009 113.009
**D GOLDMAN SACHS TRUST- GOLDMAN SACHS INTER 0 593.429 593.429
**D GOLDMAN SACHS VARIABLE INSURANCE TRUST- 0 1.683.952 1.683.952
**D GOLDMAN SACHS TRUST-GOLDMAN SACHS CONCEN 0 1.472.893 1.472.893
**D GOLDMAN SACHS TRUST - GOLDMAN SACHS STRUCTURED INTERNATIONAL TAX-MANAGED EQUITY 0 2.473.573 2.473.573
**D SCHRODER QEP GLOBAL ACTIVE VALUE FUND 0 1.126.916 1.126.916
**D SCHRODER QEP GLOBAL CORE FUND 0 672.019 672.019
**D THE MASTER TRUST BANK OF JAPAN LTD AS TRUSTEE FOR MUTB400045794 11-3 0 13.226.807 13.226.807
**D THE MASTER TRUST BANK OF JAPAN LTD AS TRUSTEE FOR MUTB400045795 11 3 0 13.156.856 13.156.856
**D JPMORGAN FUND ICVC - JPM INSTITUTIONAL C 0 52.914 52.914
**D THE MASTER TRUST BANK OF JAPAN LTD AS TRUSTEE FOT MTBJ400045825 0 2.088.581 2.088.581
**D THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FO FOR MTBJ400045826 0 4.649.673 4.649.673
**D THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FOR MTBJ400045827 0 2.225.207 2.225.207
Page 7

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D FAMANDSFORENINGEN PENSAM INVEST PSI 31 E 0 386.042 386.042
**D JOHN LEWIS PARTNERSHIP PENSIONS TRUST AS 0 171.365 171.365
**D TAMESIDE MBC RE GREATER MANCHESTER PENSI 0 11.332.663 11.332.663
**D PLUMBING & MECHANICAL SERVICES (UK) INDU 0 29.045 29.045
**D PRUDENTIAL STAFF PENSIONS LIMITED AS TRUSTEE 0 142.970 142.970
**D ELKARKIDETZA EPSV 0 545.586 545.586
**D ASTRAZENECA PENSIONS TRUSTEE LIMITED AS 0 235.768 235.768
**D VANGUARD TOTAL INTERNATIONAL STOCK INDEX 0 40.262.142 40.262.142
**D VANGUARD FIDUCIARY TRUST COMPANY EUROPEA 0 773.809 773.809
**D AXA IRELAND PENSION FUND 0 420.000 420.000
**D RT TORONTO POOLED CLIENTS A/C 0 35.072 35.072
**D MANULIFE INTERNATIONAL EQUITY INDEX FUND 0 139.246 139.246
**D MANULIFE INTERNATIONAL EQUITY (83) 0 542.637 542.637
**D MAPLE BROWN ABBOTT INTL EQUITY TRUST 0 123.662 123.662
**D LONDON LIFE INSURANCE COMPANY 0 546.772 546.772
**D CCEL GLOBAL FINANCIALS FUND II 0 193.128 193.128
**D REGIME DE RETRAITE D HYDRO QUEBEC 0 301.600 301.600
**D THE GREAT-WEST LIFE ASSURANCE COMPAN 0 465.323 465.323
**D GENERAL MOTORS CANADA FOREIGN TRUST 0 337.980 337.980
**D GENERAL MOTORS CANADA DOMESTIC TRUST 0 94.454 94.454
**D CANADA POST CORPORATION PENSION PLAN 0 9.520.805 9.520.805
**D AURION INTERNATIONAL DAILY EQUITY FD 0 287.661 287.661
**D BRITISH COLUMBIA INV.MAN.CORPORATION 0 11.672.283 11.672.283
**D PROV NOVA SCOTIA PUBLIC SERV SUPERANN FD 0 82.895 82.895
**D NOVA SCOTIA TEACHERS PENSION FUND 0 101.778 101.778
**D PETRO CANADA PENS PLAN MASTER TRUST FUND 0 141.200 141.200
**D NOVA SCOTIA ASSOC OF HEALTH ORG PENS PL 0 337.040 337.040
**D ABR POLICIERS DE LA VILLE MONTREAL 0 306.353 306.353
**D FONDATION J.A. BOMBARDIER 0 49.536 49.536
**D BELL ALIANT REGIONAL COMMUNICATIONS INC 0 248.523 248.523
**D UNIVERSE THE CMI GLOBAL NETWORK FUND 0 7.772.316 7.772.316
**D ALBERTA TEACHERS RETIREMENT FUND BRD 0 972.623 972.623
**D GARTMORE EUROPEAN SELECTED OPPORTUNI 0 4.844.390 4.844.390
**D HSBC EUROPEAN INDEX FUND 0 826.684 826.684
**D HSBC INVESTMENT FUNDS (UK) LIMITED 0 281.228 281.228
**D NUCLEAR LIABILITIES FUND LIMITED 0 470.364 470.364
**D AXA FRAMLINGTON EUROPEAN FUND 0 259.373 259.373
**D AXA FRAMLINGTON GLOBAL OPPORTUNITIES 0 2.000.000 2.000.000
**D HSBC ETFS PUBLIC LIMITED COMPANY 0 740.513 740.513
**D 1199 HEALTHCARE EMPLOYEES PENSION TRUST 0 2.205.001 2.205.001
**D ORGANISATION EUROPEENNE DE RECHERCHE NUCLEAIRE CERN (CAISSE DE PENSION) 0 188.231 188.231
**D UNILEVER UK PENSION FUND 0 31.740 31.740
**D HSS (LUX) 0 3.170.560 3.170.560
Page 8

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D JPMORGAN FUND ICVC - JPM GLOBAL EQUITY I 0 899.396 899.396
**D COMMINGLED PENSION TRUST FUND (EAFE PLUS 0 5.692.930 5.692.930
**D UNION CARBIDE EMPLOYEES` PENSION PLAN 0 109.717 109.717
**D BAYLOR COLLEGE OF MEDICINE 0 38.182 38.182
**D BOILERMAKER BLACKSMITH NATIONAL PENSION 0 997.547 997.547
**D UNITED FOOD & COMM WORKERS UNIONS 0 96.071 96.071
**D JPMORGAN INTERNATIONAL EQUITY FUND 0 1.776.973 1.776.973
**D PUBLIC EDUCATION RET SYSTEM MISSOURI 0 24.699 24.699
**D PUBLIC SCHOOL RET SYSTEM OF MISSOURI 0 290.753 290.753
**D BOILERMAKERS NATIONAL ANNUITY TRUST 0 137.451 137.451
**D DWS INTERNATIONAL FUND 0 4.862.226 4.862.226
**D DWS VARIABLE SERIES I - DWS INTERNATIONA 0 1.351.519 1.351.519
**D SUPERANNUATION FUNDS MANAGEMENT CORPORAT 0 1.583.365 1.583.365
**D ING SUSTAINABLE INVESTMENTS - WHOLESALE 0 19.566 19.566
**D MUNICIPAL GRATUITY FUND 0 47.423 47.423
**D JPM MULTI-ASSET INCOME FUND 0 114.821 114.821
**D DOW EMPLOYEES PENSION PLAN TRUST 0 578.292 578.292
**D THE ONEIDA TRIBE OF INDIANS OF WISCONSIN 0 13.540 13.540
**D SIERRA/ TEMPLETON INTERNATIONAL EQUITY T 0 502.642 502.642
**D JPMORGAN INCOME BUILDER FUND 0 1.750.346 1.750.346
**D PUBLIC EMPLOYEES RETIREMENT ASSOCIATION 0 277.929 277.929
**D JEFFREY LLC 0 264.778 264.778
**D AUSTRALIAN REWARD INVESTMENT ALLIANCE 0 215.881 215.881
**D UBS (LUX) SICAV 3 0 405.420 405.420
**D RBC DEXIA INVESTOR SVCS BK FR 0 2.116.375 2.116.375
**D HTHK AS TRUSTEE OF MANULIFE EUROPEAN EQUITY FUND HSBC INSTITUTIONAL TRUST SERVICES ASIA LTD 0 3.104.267 3.104.267
**D SCUDDER VARIABLE SERIES II - SCUDDER INTERNATIOL SELECT PORTFOLIO 0 2.078 2.078
**D MORGAN GRENFELL INTERNATIONAL SELECT EQUITY FUND 0 2.122 2.122
**D ASST. VICE PRESIDENT ATTN JAMES MCNALLY, BROWN BROTHERS HARRIMAN CO. 0 1.648.238 1.648.238
**D THE MASTER TRUST BANK OF JAPAN LTD., RE JPM KOKUSAI DYNAMIC MOTHER FUN D 0 114.355 114.355
**D THE MASTER TRUST BANK OF JAPAN LTD., RE NISSAY PANAGORA FRN EQU IND M F 0 22.974 22.974
**D THE MASTER TRUST BANK OF JAPAN LTD., RE GLOBAL EQUITIES INDEX MOTHER F UND 0 554.581 554.581
**D SCHRODER GAIA 0 9.592 9.592
**D THE MASTER TRUST BANK OF JAPAN LTD., RE JPM KOKUSAI DYNAMIC MOTHER FUN D II 0 95.686 95.686
**D ADVISOR MANAGED TRUST-TACTICAL OFFENSIVE EQUITY FUND 0 552.915 552.915
**D GARTMORE EUROPEAN INVESTMENT PLC 0 407.440 407.440
**D HSBC INSTITUTIONAL TRUST SERVICES (IRELAND) LTD RE HSBC MSCI WORLD ETF 0 87.126 87.126
**D JPMORGAN GLOBAL EQUITY INCOME FUND 0 13.229 13.229
**D JPMORGAN INTERNATIONAL EQUITY FUND, LLC 0 322.831 322.831
**D JPMORGAN INSURANCE TRUST INTERNATIONAL EQUITY PORTFOLIO 0 63.199 63.199
**D SWISS REINSURANCE COMPANY LTD 0 1.503.729 1.503.729
**D UNIVERSITY OF PUERTO RICO RETIREMENTS YSTEM 0 79.995 79.995
**D BLACKROCK AUSTRALIA LTD AS RESPONSIBLE E 0 909.745 909.745
Page 9

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D JPM FLEMING FUND ICVC GL FINANCIAL F 0 1.202.000 1.202.000
**D THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FOR MTBJ400045824 0 1.365.233 1.365.233
**D VOUGHT AIRCRAFT INDUSTRIES,INC MASTER DEFINED BENEFIT TRUST 0 400.197 400.197
**D THE MARATHON LONDON GROUP TRUST FOR EMPLOYEE BENEFIT PLANS 0 6.336.272 6.336.272
**D M-L INTERNATIONAL INVESTMENT FUND 0 737.148 737.148
**D THE MARATHON-LONDON GLOBAL INVESTMENT TRUST 0 2.212.701 2.212.701
**D THE MARATHON-LONDON GLOBAL INVESTMENT TRUST I 0 136.703 136.703
**D SL MFS INTERNATIONAL VALUE FD, SUN LIFE GLB INVESTMENTS (CAD)INC. 0 4.258 4.258
**D CANADIAN UTILITIES LIMITED 0 145.100 145.100
**D CADMOS FUND MANAGEMENT-GUILE EMERGING MARKETS ENGAGEMENT FUND 0 150.000 150.000
**D SUN TRUST BRANDES SUN TRUST BANKS 0 250.255 250.255
**D THE NORTHWESTERN MUTUAL LIFE INS.COMPANY GASA EQUITY 0 273.141 273.141
**D METROPOLE BO EUROPE 0 600.000 600.000
**D THE NORTHWESTERN MUTUAL LIFE INS.COMPANY FOREIGN EQUITY 0 844.588 844.588
**D NORTHWESTERN MUTUAL SERIES FUND INC INT. GROWTH PORTFOLIO 0 922.591 922.591
**D NATIXIS AM 0 2.229.125 2.229.125
**D METROPOLE GESTION 0 27.350.000 27.350.000
**D AXA INVESTMENT MANAGERS PARIS 0 538.915 538.915
**D PICTET INTERNATIONAL EQUITY FUND LLC 0 2.024.081 2.024.081
**D METROPOLE DIVERSIFIE METROPOLEGESTION 0 2.000.000 2.000.000
**D JANUS CAPITAL FUND PLC JANUS EUROPEAN RESEARCH FUND 0 45.783 45.783
**D METROPOLE NEW EUROPEAN COUNTRIES SGBT LUXEMBOURG 0 390.000 390.000
**D JRJ INVESTMENT FUND, LTD/BRANDES 0 7.800 7.800
**D CALVERT CTY VOL FIRE RESCUE 0 13.337 13.337
**D BRANDES INVESTMENT 0 22.871 22.871
**D STANLIB FUNDS LIMITED 0 84.547 84.547
**D RBS AS DEP OF FIRST STATE INVESTMENTS ICVC 0 26.845 26.845
**D COLONIAL FIRST STATE INVESTEMENT LIMITED 0 861.265 861.265
**D PTC PRINCIPAL INT`L EQUITY FUND 0 278.372 278.372
**D PRINCIPAL LIFE INSURANCE COMPANY 0 4.519.768 4.519.768
**D IRISH LIFE ASSURANCE 0 16.437.851 16.437.851
**D LEGAL AND GENERAL ASSURANCE PENSIONS MANAGEMENT LIMITED 0 7.886.793 7.886.793
**D GOLDMAN SACHS GLOBAL FUNDAMENTAL 0 68.358 68.358
**D LAZARD ASSET MANAGEMENT LTD. 0 107.970.067 107.970.067
**D AXAIM MPF EUROPEAN EQUITY FUND 0 265.000 265.000
**D STICHTING MN SERVICES EUROPE EX UK EQUITY FUND 0 117.475 117.475
**D STICHTING PENSIOENFONDS METAAL EN TECHNIEK 0 1.923.286 1.923.286
**D PACIFIC LIFE FUNDS-PL INTERNATIONAL VALUE FUND 0 390.359 390.359
**D COMMONWEALTH BANK OFFICERS SUPERANNUATION CORPORATION PTY LTD 0 258.122 258.122
**D STICHTING MN SERVICES AANDELENFONDS EUROPA 0 324.900 324.900
**D STICHTING MN SERVICES AANDELENSFONDS EUROPA III 0 36.737 36.737
**D WILSHIRE VARIABLE INSURANCE TRUST-INTERNATIONAL EQUITY FUND 0 26.743 26.743
**D ADVANCED SERIES TRUST - AST JP MORGAN INTERNATIONAL EQUITY PORTFOLIO 0 974.586 974.586
Page 10

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D NTUC INCOME INSURANCE COOPERATIVE LIMITED 0 66.682 66.682
**D AGF FUNDS INC 0 297.665 297.665
**D CHUNGHWA POST CO LTD 0 557.133 557.133
**D COLONIAL FIRST STATE INVESTMENTS LIMITED 0 899.155 899.155
**D JAPAN TRUSTEE SERVICE BANK CO. LTD 0 1.292.351 1.292.351
**D PRINCIPAL INSURANCE COMPANY LIMITED 0 131.835 131.835
**D AEGON CUSTODY BV INZAKE AEGON BASISFONDS AANDELEN EUROPA 0 1.592.415 1.592.415
**D AEGON CUSTODY B.V. 0 6.002.835 6.002.835
**D HEALTHCARE FOUNDATION OF NEW JERSEY (THE) 0 52.077 52.077
**D MORRIS & GWENDOLYN CAFRITZ FOUNDATION 0 47.590 47.590
**D VIA CHRISTI HEALTH SYSTEM INC. 0 72.204 72.204
**D NOVARTIS CORPORATION PENSION MASTER TRUST 0 708.135 708.135
**D TEACHERS` RETIREMENT SYSTEM OF THE STATE OF ILLINOIS 0 1.028.726 1.028.726
**D HIRTLE CALLAGHAN TRUST INTERNATIONAL EQUITY PORTFOLIO 0 2.756.250 2.756.250
**D HIRTLE CALLAGHAN INSTITUTIONAL INTERNATIONAL EQUITY PTF 0 4.006.200 4.006.200
**D LONZA AMERICA INC MASTER RETIREMENT TRUST 0 47.955 47.955
**D ARKWRIGHT, LLC 0 59.123 59.123
**D EXLEY MANAGEMENT SERVICES LLC 0 11.500 11.500
**D FIDELITY RUTLAND SQUARETRUST II: STRATEGIC ADVISERS INT F 0 4.696.522 4.696.522
**D LONDON BOROUGH OF BARKING & DAGENHAM SUPERANNUATION FUND 0 489.621 489.621
**D RUSSELL INVESTMENT COMPANY II PLC 0 3.202.681 3.202.681
**D JOHN HANCOCK TRUST INTERNATIONAL EQUITY INDEX TRUST B 0 300.357 300.357
**D JOHN HANCOCK TRUST INTERNATIONAL EQUITY INDEX TRUST A 0 284.712 284.712
**D JOHN HANCOCK FUNDS II INTERNATIONAL EQUITY INDEX FUND 0 388.959 388.959
**D MANAGED PENSION FUNDS LIMITED 0 19.844.991 19.844.991
**D CAVENHAM GLOBAL EQUITIES 0 643.456 643.456
**D JOHN HANCOCK TRUST INTERNATIONAL INDEX TRUST 0 2.516.990 2.516.990
**D PUTNAM VARIABLE TRUST - PUTNAM VT GLOBAL ASSET ALLOCATION F 0 71.720 71.720
**D PUTNAM ASSET ALLOCATION FUNDS - GROWTH PORTFOLIO 0 739.692 739.692
**D PUTNAM ASSET ALLOCATION FUNDS - BALANCED PORTFOLIO 0 395.108 395.108
**D PUTNAM ASSET ALLOCATION FUNDS - CONSERVATIVE PORTFOLIO 0 187.337 187.337
**D PUTNAM FIDUCIARY TRUST COMPANY 0 578.593 578.593
**D PUTNAM RETIREMENT ADVANTAGE GAA GROWTH PORTFOLIO 0 90.003 90.003
**D PUTNAM RETIREMENT ADVANTAGE GAA BALANCE PORTFOLIO 0 56.872 56.872
**D PUTNAM RETIREMENT ADVANTAGE GAA CONSERVATIVE PORTFOLIO 0 9.581 9.581
**D PUTNAM RETIREMENT ADVANTAGE GAA EQUITY PORTFOLIO 0 21.358 21.358
**D PUTNAM TOTAL RETURN FUND, LLC 0 88.463 88.463
**D THE STATE OF NEVADA 0 51.507 51.507
**D PUTNAM ASSET ALLOCATION: EQUITY PORTFOLIO 0 21.018 21.018
**D THE HEALTH FOUNDATION 0 461.569 461.569
**D JOHNSON & JOHNSON UK GROUP RETIREMENT PLAN 0 133.454 133.454
**D THE UCI FOUNDATION 0 16.656 16.656
**D GLOBAL OPPORTUNITIES CANADA FUND 0 488.178 488.178
Page 11

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D SSM HEALTH CARE PORTFOLIO MANAGEMENT COMPANY 0 349.321 349.321
**D COHEN & STEERS GLOBAL INCOME BUILDER, INC. 0 202.860 202.860
**D MFS HERITAGE TRUST COMPANY COLLECTIVE INVESTMENT TRUST 0 181.168 181.168
**D AMERICAN AIRLINES INC., MASTER FIXED BENEFIT PENSION TRUST 0 4.324.077 4.324.077
**D ALLIANCEBERNSTEIN COLLECTIVE INVESTMENT TRUST SERIES 0 80.835 80.835
**D JOHN HANCOCK LIFE AND HEALTH INSURANCE COMPANY 0 429.744 429.744
**D DODGE & COX INTERNATIONAL STOCK FUND 0 295.864.430 295.864.430
**D DODGE + COX GLOBAL STOCK FUND 0 8.182.333 8.182.333
**D METROPOLITAN LIFE INSURANCE COMPANY 0 370.648 370.648
**D BRUNSWICK UNIT 1 QUALIFIED NUCLEAR DECOMMISSIONING FUND 0 34.297 34.297
**D HARRIS UNIT 1 QUALIFIED NUCLEAR DECOMMISSIONING FUND 0 26.044 26.044
**D BRUNSWICK UNIT 2 QUALIFIED NUCLEAR DECOMMISSIONING FUND 0 35.323 35.323
**D ROBINSON UNIT 2 QUALIFIED NUCLEAR DECOMMISSIONING FUND 0 47.475 47.475
**D THE MASTER TRUST BK OF JP LTD: HITACHI FOREIGN EQ INDEX MF 0 468.803 468.803
**D GOVERNMENT OF THE REPUBLIC OF SINGAPORE . 0 105.954 105.954
**D PENSION FUND OF SUMITOMO MITSUI BANKING CORPORATION 0 95.352 95.352
**D GENERAL MOTORS HOURLY-RATE EMPLOYEES PENSION TRUST 0 666.897 666.897
**D GENERAL MOTORS SALARIED EMPLOYEES PENSION TRUST 0 485.506 485.506
**D GMAM INVESTMENT FUNDS TRUST 0 981.826 981.826
**D BAE MASTER PENSION INVESTMENT TRUST 0 2.067.603 2.067.603
**D ESG MANAGERS GROWTH PORTFOLIO 0 620 620
**D ESG MANAGERS MODERATE PORTFOLIO 0 516 516
**D ESG MANAGERS CONSERVATIVE PORTFOLIO 0 292 292
**D ESG MANAGERS AGGRESSIVE GROWTH PORTFOLIO 0 397 397
**D ARIZONA STATE RETIREMENT SYSTEM 0 944.231 944.231
**D ARIZONA STATE RETIREMENT SYSTEM 0 91.177 91.177
**D SACRAMENTO REGIONAL TRANSIT DISTRICT 0 25.694 25.694
**D PRINCIPAL GLOBAL INVESTORS COLLECTIVE INVESTMENT TRUST 0 366.948 366.948
**D ENERGY INSURANCE MUTUAL LIMITED 0 214.122 214.122
**D ORG FOR SMALL&MEDIUM ENTERPRISES AND REGIONAL INNOVATION 0 1.300.892 1.300.892
**D JAPAN TRUSTEE SERV BK LTD ATF GLB FIN EQ F LTD SUBSCR PERIOD 0 42.716 42.716
**D JAPAN TRUSTEE SERV BK LTD ATF CMA SHINKO FINANCIAL EQ MF 0 31.734 31.734
**D ORG FOR SMALL&MEDIUM ENTERPRISES AND REGIONAL INNOVATION 0 1.058.952 1.058.952
**D GENERAL CONFERENCE CORPORATION OF SEVENTH DAY ADVENTISTS 0 19.619 19.619
**D AXA ROSENBERG EQUITY ALPHA TRUST 0 120.000 120.000
**D UNITED TECHNOLOGIES CORPORATION EMPLOYEE SAVINGS PLAN 0 540.422 540.422
**D AMERICAN HEART ASSOCIATION 0 27.379 27.379
**D ELLEN MORRIS FAMILY NOMINEE AGREEMENT A 0 1.940 1.940
**D ROBERT J. MORRIS TRUST 0 634 634
**D PACE INTERNATIONAL EQUITY INVESTMENTS . 0 692.801 692.801
**D CALVERT VP EAFE INTERNATIONAL INDEX PORTFOLIO 0 228.027 228.027
**D DODGE + COX WORLDWIDE FUNDS PLC 0 848.050 848.050
**D AMERICAN BEACON INTERNATIONAL EQUITY FUND 0 3.023.896 3.023.896
Page 12

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D THE PREMIER TRUST FUND FOR QUALIFIED EMPLOYEE BENEFIT PLANS 0 114.573 114.573
**D FEDEX CORPORATION EMPLOYEES PENSION TRUST 0 267.918 267.918
**D MARQUIS INSTITUTIONAL GLOBAL EQUITY PORTFOLIO 0 59.625 59.625
**D MARQUIS INSTITUTIONAL GLOBAL EQUITY PORTFOLIO 0 126.333 126.333
**D TIFF INTERNATIONAL EQUITY FUND 0 57.975 57.975
**D TIFF INVESTMENT PROGRAM, INC - TIFF MULTI-ASSET FUND 0 1.162.275 1.162.275
**D INSURANCE CORPORATION OF BRITISH COLUMBIA 0 345.989 345.989
**D ING DIRECT STREETWISE BALANCED INCOME FUND 0 11.027 11.027
**D ING DIRECT STREETWISE BALANCED FUND 0 47.272 47.272
**D ING DIRECT STREETWISE BALANCED GROWTH FUND 0 64.036 64.036
**D STATE FARM MUTUAL FUND TRUST, INTERNATIONAL INDEX FUND 0 257.555 257.555
**D REED ELSEVIER US RETIREMENT PLAN 0 139.916 139.916
**D JOHNSON & JOHNSON PENSION & SAVINGS PLANS MASTER TRUST 0 604.503 604.503
**D MULTI-STYLE, MULTI-MANAGER FUNDS PLC 0 4.475.405 4.475.405
**D ANCHOR SERIES TRUST STRATEGIC MULTI-ASSET PORTFOLIO 0 3.193 3.193
**D SUNAMERICA SERIES TRUST FOREIGN VALUE PORTFOLIO 0 2.842.964 2.842.964
**D SEASONS SERIES TRUST ASSET ALLOCATION:DIVERSIFIED GROWTH PTF 0 112.436 112.436
**D SEASONS SERIES TRUST INTERNATIONAL EQUITY PORTFOLIO 0 459.070 459.070
**D ORANGE COUNTY EMPLOYEES RETIREMENT SYSTEM 0 252.224 252.224
**D CITY OF PHILADELPHIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0 352.048 352.048
**D DWS LIFECYCLE LONG RANGE FUND 0 146.319 146.319
**D DWS BALANCED VIP 0 144.623 144.623
**D DWS BALANCED FUND 0 553.259 553.259
**D DWS EAFE EQUITY INDEX FUND 0 19.333 19.333
**D MULTI-MANAGER ICVC - MULTI-MANGER INTERNATIONAL EQUITY FUND 0 527.531 527.531
**D KBR UK COMMON INVESTMENT FUND 0 636.248 636.248
**D LEGG MASON FUNDS ICVC - LEGG MASON CONTINENTAL EUROPEAN EQ F 0 26.506 26.506
**D RUSSELL INTERNATIONAL SHARES TRACKER FUND . 0 387.732 387.732
**D MARYLAND STATE RETIREMENT & PENSION SYSTEM 0 3.941.115 3.941.115
**D MARATHON GLOBAL FUND : GLOBAL EQUITY FUND 0 893.456 893.456
**D MARATHON NEW GLOBAL FUND PLC 0 3.056.500 3.056.500
**D MARATHON GLOBAL FUND: INTERNATIONAL EQUITY FUND 0 579.763 579.763
**D MD INTERNATIONAL VALUE FUND 0 621.937 621.937
**D MGI INTERNATIONAL EQUITY FUND 0 125.520 125.520
**D JANUS OVERSEAS FUND 0 127.766.657 127.766.657
**D JANUS ASPEN SERIES OVERSEAS PORTFOLIO 0 15.265.827 15.265.827
**D JANUS ADVISER INTERNATIONAL EQUITY FUND 0 814.063 814.063
**D CAUSEWAY INTERNATIONAL VALUE GROUP TRUST 0 2.100.961 2.100.961
**D CAUSEWAY INTERNATIONAL OPPORTUNITIES GROUP TRUST 0 487.861 487.861
**D NORTHROP GRUMMAN CORPORATION VEBA MASTER TRUST I 0 30.314 30.314
**D CANADA PENSION PLAN INVESTMENT BOARD . 0 20.749.195 20.749.195
**D BRANDES CANADA INTERNATIONAL EQUITY UNIT TRUST 0 1.283.300 1.283.300
**D OHIO POLICE AND FIRE PENSION FUND 0 4.460.171 4.460.171
Page 13

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D NEWPORT NEWS EMPLOYEE RETIREMENT FUND 0 18.625 18.625
**D COSMOPOLITAN INVESTMENT FUND 0 10.081 10.081
**D PAX MSCI EAFE ESG INDEX ETF 0 8.132 8.132
**D PUTNAM WORLD TRUST II 0 29.144 29.144
**D TAM INTERNATIONAL EQUITY TRUST 0 132.037 132.037
**D WESTPAC STAFF SUPERANNUATION PLAN 0 6.500 6.500
**D SSGA GLOBAL INDEX PLUS NL TRUST 0 663.330 663.330
**D SSGA WEALTH WEIGHTED GLOBAL EQUITIES INDEX NL TRUST 0 349.164 349.164
**D WESTPAC INTERNATIONAL SHARE INDEX TRUST 0 930.991 930.991
**D SSGA INTERNATIONAL EQUITIES INDEX NL TRUST 0 203.974 203.974
**D RETIREMENT AND SECY PROGRAM FOR EMPL/NTCA AND MEMBERS SYS 0 86.951 86.951
**D ALASKA COMMON TRUST FUND 0 253.193 253.193
**D BNY MELLON TR DEP LTD ATF ST JAMES`S PL STRAT MANAG UNIT TR 0 3.855.685 3.855.685
**D MINISTRY OF STRATEGY AND FINANCE 0 595.985 595.985
**D HONG KONG HOUSING SOCIETY 0 385.304 385.304
**D GOV OF HM THE SULTAN AND YANG DI-PERTUAN OF BRUNEI DARUSSALAM 0 768.017 768.017
**D HONG KONG HOUSING AUTHORITY 0 137.939 137.939
**D FLOURISH INVESTMENT CORPORATION 0 3.343.394 3.343.394
**D HOME AFFAIRS UNIFORMED SERVICES (INVEST FUND) 0 14.700 14.700
**D MINISTRY OF STRATEGY AND FINANCE 0 209.544 209.544
**D DEUTSCHE DBI GLOBAL SHARES FUND 0 49.065 49.065
**D BIMCOR OVERSEAS POOLED FUND 0 677.673 677.673
**D WORKERS COMPENSATION INSURANCE FUND 0 160.409 160.409
**D WUT47 0 57.095 57.095
**D SSGA MSCI ACWI EX-USA INDEX NON-LENDING DAILY TRUST 0 239.080 239.080
**D SUPERVALU INC. MASTER INVESTMENT TRUST 0 35.338 35.338
**D CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0 56.300.152 56.300.152
**D CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0 12.303.519 12.303.519
**D TEACHER RETIREMENT SYSTEM OF TEXAS 0 498.039 498.039
**D BAERUM KOMMUNE 0 110.168 110.168
**D STATE STREET TRUSTEES LIMITED ATF MARATHON EXEMPT FUND 0 132.889 132.889
**D UAW RETIREE MEDICAL BENEFITS TRUST 0 474.429 474.429
**D UAW RETIREE MEDICAL BENEFITS TRUST 0 3.328.043 3.328.043
**D VANGUARD INV F ICVC- FTSE DEV WOR LD EX - U.K. EQ INDEX F 0 402.168 402.168
**D VANGUARD INV F ICVC-VANGUARD FTSE DEV EUROPE EX-UK EQ INDEX F 0 275.542 275.542
**D BILL AND MELINDA GATES FOUNDATION TRUST 0 296.797 296.797
**D WELLS FARGOMASTER TRUST DIVERSIFIED STOCK PORTFOLIO 0 1.176.933 1.176.933
**D WELLS FARGO MASTER TRUST INTERNATIONAL INDEX PORTFOLIO 0 34.858 34.858
**D WORKERS` COMPENSATION REINSURANCE ASSOCIATION 0 121.026 121.026
**D WILMINGTON TRUST RETIREMENT AND INST SER CO COLLECTIVE INV TR 0 340.515 340.515
**D WSIB INVESTMENTS (PUBLIC EQUITIES) POOLED FUND TRUST 0 2.533.647 2.533.647
**D SCOTTISH WIDOWS PLC 0 8.921.742 8.921.742
**D PRUDENTIAL RETIREMENT INSURANCE & ANNUITY COMPANY 0 3.552.433 3.552.433
Page 14

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D MANULIFE ASSET MANAGEMENT INTERNATIONAL EQUITY INDEX POOLED F 0 81.215 81.215
**D EUROPE ALPHA COMMON TRUST FUND 0 173.752 173.752
**D SS BK AND TRUST COMPANY INV FUNDS FOR TAXEXEMPT RETIREMENT PL 0 44.093.944 44.093.944
**D SSGA MSCI EUROPE SCREENED INDEX NON-LENDING COMMON TRUST FUND 0 268.544 268.544
**D MSCI EAFE PROV SCREENED INDEX NON - LENDING COMMON TR FUND 0 226.489 226.489
**D GLOBAL ADVANTAGE FUNDS - MAJOR MARKETS TEILFONDS 0 3.124.943 3.124.943
**D AXA WORLD FUND 0 6.161.444 6.161.444
**D AXA WORLD FUNDS II-CONTINENTAL EUROPEAN OPP EQUITIES 0 671.329 671.329
**D AXA NEDERLAND (LUXEMBOURG) 0 14.306 14.306
**D UNIVERSAL SHIPOWNERS MARINE INS ASS LTD EQUITY CLASS 3 0 80.179 80.179
**D GOLDMAN SACHS FUNDS 0 3.496.123 3.496.123
**D GOLDMAN SACHS FUNDS II 0 361.920 361.920
**D MFS MERIDIAN FUNDS - EUROPEAN VALUE FUND 0 1.701.699 1.701.699
**D MARCH FUND 0 93.667 93.667
**D CITY OF SAN JOSE POLICE & FIRE DEPARTMENT RETIREMENT PLAN 0 238.930 238.930
**D TEACHERS` RETIREMENT SYSTEM OF THE STATE OF ILLINOIS 0 2.032.412 2.032.412
**D CENTRAL PENSION F OF INT UNION OF OPERAT & PART EMPL 0 1.013.521 1.013.521
**D HARBOR CAPITAL GROUP TRUST FOR DEFINED BENEFIT PLANS 0 259.390 259.390
**D KAISER PERMANENTE MASTER TRUST 0 627.983 627.983
**D M FUND BRANDES INTERNATIONAL EQUITY FUND 0 492.500 492.500
**D THE CIVIL SERVICE SUPERANNUATION FUND 0 168.105 168.105
**D BP PENSION FUND 0 6.126.295 6.126.295
**D WELLS FARGO INTRINSIC WORLD EQUITY FUND 0 470.000 470.000
**D BRANDES INSTITUTIONAL INTERNATIONAL EQUITY FUND 0 1.379.157 1.379.157
**D BLACKROCK INST TRUST CO N.A. INV FUNDSFOR EMPL BENEFIT TR 0 63.040 63.040
**D INTERNATIONAL PAPER CO COMMINGLED INVESTMENT GROUP TRUST 0 556.117 556.117
**D EQUITY INTERNATIONAL INVESTMENT TRUSTS 0 2.428.714 2.428.714
**D INTREPID INTERNATIONAL - CANADA FUND 0 51.670 51.670
**D MFS INTERNATIONAL VALUE FUND 0 6.007.848 6.007.848
**D MFS VAR INSURANCE TRUST II - MFS INT VALUE PORTFOLIO 0 700.177 700.177
**D IBM SAVINGS PLAN 0 2.215.354 2.215.354
**D GOLDMAN SACHS TRUST COMPANY N A COLLECTIVE TRUST 0 334.713 334.713
**D AMERICAN AIRLINES PILOTS RET BENEFIT PROGRAM VAR INCOME PLAN 0 1.316.858 1.316.858
**D COMMONFUND INSTITUTIONAL INTERNATIONAL EQUITY FUND, LLC 0 253.915 253.915
**D MUNDER INTERNATIONAL EQUITY FUND 0 128.951 128.951
**D RUSSELL TR CO COMMINGLED EMPL BEN RUSSELL INT RATE MGMN SOL 0 342.656 342.656
**D PENSION FUND ASSOCIATION FOR LOCAL GOVERNMENT OFFICIALS 0 786.692 786.692
**D SSGA GLOBAL INDEX PLUS TRUST 0 297.691 297.691
**D IAM NATIONAL PENSION FUND 0 465.167 465.167
**D SAN DIEGO CITY EMPLOYEES` RETIREMENT SYSTEM 0 385.760 385.760
**D STATE OF ALASKA RETIREMENT AND BENEFITS PLANS 0 3.410.791 3.410.791
**D STATE OF ALASKA RETIREMENT AND BENEFITS PLANS 0 267.549 267.549
**D COLUMBIA INTERNATIONAL VALUE MASTER PORTFOLIO 0 3.651.500 3.651.500
Page 15

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D RUSSELL INTERNATIONAL SHARES FUND 0 2.020.400 2.020.400
**D RUSSELL INVESTMENT COMPANY INTERNATIONAL FUND 0 360.155 360.155
**D DESJARDINS GLOBAL EQUITY VALUE FUND 0 588.700 588.700
**D DELUXE CORPORATION MASTER RETIREMENT TRUST PLAN 0 267.569 267.569
**D THE REGENTS OF THE UNIVERSITY OF CALIFORNIA 0 10.771.932 10.771.932
**D MASSACHUSETTS LABORERS PENSION FUND 0 114.133 114.133
**D VALIC COMPANY I - INTERNATIONAL EQUITIES FUND 0 422.698 422.698
**D VALIC COMPANY I-INTERNATIONAL GROWTH I FUND 0 1.034.850 1.034.850
**D VALIC COMPANY I - FOREIGN VALUE FUND 0 4.747.665 4.747.665
**D FRESNO COUNTY EMPLOYEES` RETIREMENT ASSOCIATION 0 350.812 350.812
**D METROPOLITAN SERIES FUND MORGAN STANLEY EAFE INDEX PORTFOLIO 0 903.108 903.108
**D STATE OF MINNESOTA 0 3.020.563 3.020.563
**D STATE OF MINNESOTA 0 495.443 495.443
**D STATE OF MINNESOTA 0 686.971 686.971
**D RUSSELL INVESTMENT FUNDS NON-U.S. FUND 0 643.141 643.141
**D MITCHELLS AND BUTLERS CIF LIMITED 0 300.175 300.175
**D JOHN HANCOCK INSURANCE COMPANY OF VERMONT 0 65.223 65.223
**D THE COMMON FUND FOR NON PROFIT ORGANIZATION 0 589.460 589.460
**D HOUSTON MUNICIPAL EMPLOYEES PENSION SYSTEM 0 156.567 156.567
**D MASSMUTUAL SELECT STRATEGIC BALANCED FUND 0 36.739 36.739
**D MGI NON-US CORE EQUITY FUND 0 553.061 553.061
**D SPDR MSCI ACWI EX-US ETF 0 160.575 160.575
**D SPDR S&P WORLD (EX-US) ETF 0 165.425 165.425
**D SPDR S+P INTERNATIONAL FINANCIAL SECTOR ETF 0 35.727 35.727
**D ORANGE COUNTY EMPLOYEES RETIREMENT SYSTEM 0 67.102 67.102
**D RUSSELL INVESTMENT COMPANY IV PLC 0 350.000 350.000
**D RUSSELL INVESTMENT COMPANY PLC 0 8.597.077 8.597.077
**D CONSOLIDATED EDISON RETIREMENT PLAN 0 1.410.559 1.410.559
**D NEBRASKA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0 806.244 806.244
**D STATE OF NEBRASKA DEPARTMENT OF ADMINISTRATIVE SERVICES 0 37.468 37.468
**D THE UNIVERSAL INSTITUTIONAL FUNDS INC - INT MAGNUM PTF 0 28.646 28.646
**D MORGAN STANLEY STRATEGIST FUND 0 186.760 186.760
**D ILLINOIS STATE BOARD OF INVESTMENT 0 3.072.553 3.072.553
**D UNIVERSAL INVESTMENT FUNDS 0 440.000 440.000
**D PACIFIC SELECT FUND INTERNATIONAL VALUE PORTFOLIO 0 7.409.665 7.409.665
**D SSGA INTERNATIONAL EQUITIES INDEX TRUST 0 242.148 242.148
**D SSGA WEALTH WEIGHTED GLOBAL EQUITIES INDEX TRUST 0 145.699 145.699
**D GREYSTONE EAFE QUANTITATIVE FUND 0 2.114.494 2.114.494
**D BRUNEI INVESTMENT AGENCY 0 1.452.594 1.452.594
**D OMERS ADMINISTRATION CORPORATION 0 530.259 530.259
**D SSGA ITALY INDEX FUND 0 2.214.179 2.214.179
**D SSGA MSCI EAFE INDEX FUND 0 378.954 378.954
**D STATE OF CONNECTICUT RETIREMENT PLANS & TRUST FUNDS 0 2.916.679 2.916.679
Page 16

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D WORKERS COMPENSATION BOARD-ALBERTA 0 303.090 303.090
**D CITY OF PROVIDENCE EMPLOYEES RETIREMENT SYSTEM 0 220.414 220.414
**D SSGA WORLD INDEX EQUITY FUND 0 1.284.682 1.284.682
**D SSGA ITALY INDEX EQUITY FUND 0 6.346.478 6.346.478
**D SSGA EUROPE ALPHA EQUITY FUND I 0 151.821 151.821
**D SSGA EMU INDEX EQUITY FUND 0 9.951.120 9.951.120
**D SSGA FINANCIALS INDEX EQUITY FUND 0 72.710 72.710
**D STREETTRACKS MSCI EUROPE ETF 0 941.578 941.578
**D SPDR MSCI EUROPE FINANCIALS ETF 0 948.047 948.047
**D STATE STREET EUROPE ENHANCED 0 1.359.486 1.359.486
**D SSGA EUROPE INDEX EQUITY FUND 0 1.556.419 1.556.419
**D STATE STREET SRI WORLD INDEX 0 250.292 250.292
**D AARGAUISCHE PENSIONSKASSE 0 295.597 295.597
**D UNIVERSITY OF TORONTO MASTER TRUST 0 28.850 28.850
**D GOVERNING COUNCIL OF THE UNIVERSITY OF TORONTO 0 21.283 21.283
**D ABBEY LIFE ASSURANCE COMPANY LIMITED 0 6.429.335 6.429.335
**D SCOTTISH WIDOWS UNIT FUNDS LIMITED 0 3.089.240 3.089.240
**D PENSIONS MANAGEMENT (S.W.F.) LIMITED 0 547.741 547.741
**D SCOTTISH WIDOWS OVERSEAS GROWTH INV F ICVC - EURO GROWTH F 0 3.838.777 3.838.777
**D SCOTTISH WIDOWS OVERSEAS GROWTH INV F ICVC-EUROP SEL GROW F 0 1.832.736 1.832.736
**D SCOTTISH WIDOWS OVERSEAS GROWTH INV F ICVC-EUROLAND F 0 197.959 197.959
**D STATE STREET TRUSTEES LIMITED ATF SWIP CAPITAL TRUST 0 1.284.690 1.284.690
**D SPDR STOXX EUROPE 50 ETF 0 164.595 164.595
**D SPDR DJ EURO STOXX 50 ETF 0 1.222.320 1.222.320
**D EUROPE INDEX PLUS COMMON TRUST FUND 0 933.108 933.108
**D COMMON TRUST ITALY FUND 0 13.346.910 13.346.910
**D WORLD INDEX OLUS SECURITIES LENDING COMMON TRUST FUND 0 468.220 468.220
**D SOUTHERN CA UNITED FOOD COMMERCIAL WORKERS UNION FOOD EMPLOYERS 0 173.372 173.372
**D SAN DIEGO ELEC WORKERS PENSION TRUST 0 58.583 58.583
**D CAISSE DES DEPOTS ET CONSIGNATIONS 0 9.670.767 9.670.767
**D CAISSE DES DEPOTS ET CONSIGNATION 0 27.475.069 27.475.069
**D FONDS DE RESERVE POUR LES RETRAITES 0 348.100 348.100
**D FCP ERAFP ACTIONS EUROS4 BTF P 0 732.300 732.300
**D LBPAM ACTIONS EUROPE 0 2.270.000 2.270.000
**D LBPAM ACTIONS FINANCE 0 344.000 344.000
**D XENYS 0 90.000 90.000
**D FCP TONI ACTIONS 100 0 967.289 967.289
**D LBPAM VOIE LACTEE 2 0 164.636 164.636
**D TUTELAIRE ACTIONS 0 145.000 145.000
**D TUTELAIRE ACTIONS ETHIQUES 0 73.475 73.475
**D VIVACCIO ACTIONS 0 3.619.180 3.619.180
**D LBPAM ACTIONS DIVERSIFIE 0 1.553.909 1.553.909
**D LBPAM ACTIONS EURO 0 6.000.000 6.000.000
Page 17

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D LBPAM ACTIONS INDICE 0 4.659.124 4.659.124
**D LBPAM PROFIL 80 PEA 0 1.174.789 1.174.789
**D LBPAM PROFIL 100 0 415.924 415.924
**D LBPAM ACTIONS DEVELOPPEMENT DURABLE 0 4.140.627 4.140.627
**D LBPAM ACTIONS ISR MONDE 0 100.000 100.000
**D FONDS DE RESERVE POUR LES RETRAITES 0 21.939.432 21.939.432
**D FCP ERAFP ACTIONS INTERNATIONALES II SSGA 0 299.990 299.990
**D VILLIERS DIVERSIFIE DEXIA AM 0 501.509 501.509
**D RAVGDT DIVERSIFIE II DEXIA AM 0 59.992 59.992
**D FCP VILLIERS CROISSANCE 0 4.003.383 4.003.383
**D UFF TEMPO PEA 0 895.019 895.019
**D COVEA FINANCE CROISSANCE 0 184.000 184.000
**D BOISSY ORIZON DURABLE 0 29.620 29.620
**D FCP COVEA FINANCE ACTIONS EUROPE INSTIT II 0 5.182.773 5.182.773
**D FCP REUNICA UB3 0 2.743.558 2.743.558
**D HAMELIN DIVERSIFIE II 0 250.000 250.000
**D AGIRC F1 0 451.601 451.601
**D AA UBS ACTIONS EURO 0 5.490.452 5.490.452
**D FCP BOURBON 8 0 664.170 664.170
**D FCP HAMELIN DIVERSIFIE PERP 0 8.500 8.500
**D FCP COVEA FINANCE ACTI EUROPE 0 429.220 429.220
**D FCP A.A.-DEXIA-ISR 0 27.002 27.002
**D BOURBON 4 0 96.624 96.624
**D UNIVERS CNP 1 0 1.010.195 1.010.195
**D CNP ACP ACTIONS LT 0 201.656 201.656
**D CROISSANCE DIVERSIFIE 0 6.964 6.964
**D CONCORDE 96 0 91.268 91.268
**D NATIXIS ISR ACTIONS 0 751.529 751.529
**D IXIS FLAMME 0 227.600 227.600
**D FCP NATIXIS IONIS 0 91.951 91.951
**D I CROISSANCE 0 90.163 90.163
**D MEDERIC ALZHEIMER IXIS AM 0 37.361 37.361
**D CMD AGIRC IXIS D 0 777.436 777.436
**D BOURBON 5 0 98.346 98.346
**D IXIS EURO ACTIONS 0 1.903.720 1.903.720
**D ECUREUIL 1,2,3 FUTUR 0 1.603.784 1.603.784
**D ECA DIVERSIFIE 0 95.660 95.660
**D FCP NATIXIS ACTIONS EURO GROWTH 0 640.000 640.000
**D CNP ASSUR PIERRE 0 181.343 181.343
**D CNP ASSUR VALEURS 0 335.546 335.546
**D AGIRC BD 0 116.049 116.049
**D FCP CNP GGR 0 96.721 96.721
**D ABP ACTIONS 0 20.523.328 20.523.328
Page 18

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D AREGE 2IC 0 80.638 80.638
**D FCP RSRC DIVERSIFIE 0 385.217 385.217
**D CARBP DIVERSIFIE 0 205.062 205.062
**D MONNET 0 53.944 53.944
**D FCP RL PREVOYANCE 0 189.469 189.469
**D ABP CROISSANCE RENDEMENT 0 800.000 800.000
**D FRUCTIFONDS VALEURS EUROPEENNES 0 846.854 846.854
**D PREPAR CROISSANCE 0 222.439 222.439
**D IMPACT ISR CROISSANCE 0 146.773 146.773
**D AREVA DIVERSIFIE OBLIGATAIRE 0 88.349 88.349
**D OCP EPARGNE 0 21.424 21.424
**D FCPE SAFRAN DYNAMIQUE 0 192.288 192.288
**D EGEPARGNE 1 0 72.569 72.569
**D EGEPARGNE 2 0 1.600.030 1.600.030
**D HUTCHINSON ACTIONS 0 46.572 46.572
**D FCPE FCP REGULIER AIR LIQUIDE DEVELOPPEMENT 0 16.986 16.986
**D FCPE FODIV 0 64.052 64.052
**D FCPE NATIXIS AVENIR 1 PERFORMANCE 0 226.170 226.170
**D FCPE NATIXIS AVENIR 2 DYNAMIQUE 0 38.660 38.660
**D FCPE NATIXIS AVENIR 3 CROISSANCE 0 100.721 100.721
**D FCPE NATIXIS AVENIR 4 EQUILIBRE 0 158.202 158.202
**D FCPE NATIXIS AVENIR 5 RENDEMENT 0 63.600 63.600
**D SAFRAN MIXTE 0 45.515 45.515
**D NATIXIS ES ACTIONS EURO 0 425.440 425.440
**D IMPACT ISR RENDEMENT SOLIDAIRE 0 127.772 127.772
**D FCPE IMPACT ISR PERFORMANCE 0 310.287 310.287
**D IMPACT ISR DYNAMIQUE 0 68.621 68.621
**D IMPACT ISR EQUILIBRE 0 722.434 722.434
**D FCPE NATIXIS AVENIR MIXTE SOLIDAIRE 0 12.945 12.945
**D MULTILATERAL INVESTMENT GUARANTEE AGENCY 0 27.157 27.157
**D TDX INDEPENDENCE 2020 EXCHANGETRADED FUND 0 12.335 12.335
**D WELLS FARGO BANK MINNESOTA NA 0 5.463 5.463
**D ING TEMPLETON GLOBAL GROWTH PORTFOLIO 0 1.687.948 1.687.948
**D VALERO ENERGY CORPORATION PENSION PLAN 0 84.711 84.711
**D NORTHWEST NATURAL GAS COMPANY RETIREMENT TRUST 0 43.010 43.010
**D PRINCIPAL FUNDS INC-DIVERSIFIED INTERNATIONAL FUND 0 3.418.702 3.418.702
**D CAUSEWAY INTERNATIONAL VALUE FUND 0 8.999.430 8.999.430
**D AXA BELGIUM 0 224.323 224.323
**D ING BM 1 ING FINANCIALS FD 0 766.401 766.401
**D DESERET MUTUAL MASTER RETIREMENT PLAN 0 342.925 342.925
**D DESERET HEALTHCARE EMPLOYEE BENEFIT TRUST 0 10.200 10.200
**D INTERNATIONAL TRUCK AND ENGINE CORPORATIONRETIREE SUPPLEMENTAL BENEFIT TRUST 0 243.650 243.650
**D US BANK/PORTFOLIO 21 0 437.484 437.484
Page 19

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D PRINCIPAL FUNDS INC- INTERNATIONAL GROWTH FUND 0 205.383 205.383
**D SAN DIEGO MUSEUM OF ART 0 5.900 5.900
**D PRINCIPAL VARIABLE CONTRACTS FUND INC ASSET ALLOCATION ACCOUNT 0 15.553 15.553
**D PNC BANK N.A. 0 25.720 25.720
**D PUBLIC SCHOOL RETIREMENT SYSTEMOF THE CITY OF ST.LOUIS 0 292.044 292.044
**D PRINCIPAL VARIABLE CONTRACTS FUNDS INC- INTERNATIONAL EMERGING MARKETS ACCOUNT 0 912.543 912.543
**D ING INVESTMENT MANAGEMENT EUROPE NV 0 3.959.812 3.959.812
**D ING GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND 0 89.687 89.687
**D AV SUPER FUND 0 12.931 12.931
**D AK STEEL CORPORATION MASTER PENSION TRUST 0 86.663 86.663
**D ING INDEX PLUS INTERNATIONAL EQUITY FUND 0 87.175 87.175
**D ING TEMPLETON FOREIGN EQUITY PORTFOLIO 0 2.723.178 2.723.178
**D WISDOMTREE DEFA FUND 0 278.958 278.958
**D ROCKFORD HEALTH SYSTEM PENSION PLAN 0 6.739 6.739
**D ROCKFORD HEALTH SYSTEM MASTER TRUST 0 41.372 41.372
**D WISDOMTREE INTERNATIONAL LARGECAP DIVIDEND 0 162.250 162.250
**D VISION POOLED SUPERANNUATION TRUST 0 338.570 338.570
**D US BANK BR OMNI PENSION 0 32.341 32.341
**D US BANK BR OMNITAXABLE 0 9.313 9.313
**D TDX INDEPENDENCE 2010 EXCHANGETRADED FUND 0 2.261 2.261
**D TDX INDEPENDENCE 2030 EXCHANGE TRADED FUND 0 20.155 20.155
**D TDX INDEPENDENCE 2040 EXCHANGETRADED FUND 0 15.830 15.830
**D TDX INDEPENDENCE INTARGET EXCHANGEDTRADED FUND 0 5.194 5.194
**D WM POOL EQUITIES TRUST NO.34 0 3.417.790 3.417.790
**D THE BANK OF KOREA 0 141.739 141.739
**D GS TACS MARKET CONTINUOUS (INTL) LLC 0 601.732 601.732
**D ING INTERNATIONAL INDEX PORTFOLIO 0 408.452 408.452
**D PRINCIPAL FUNDS INC INTERNATIONAL VALUE FUND 1 0 4.405.168 4.405.168
**D PRINCIPAL FUNDS INC INTERNATIONAL VALUE FUND 1 0 179.436 179.436
**D WM POOL - EQUITIES TRUST NO. 22 0 210.852 210.852
**D WISDOMTREE INTERNATIONAL HEDGEDEQUITY FUND 0 12.597 12.597
**D INVESCO PERPETUAL EUROPEAN EQUITY INCOMETRUST 0 743.106 743.106
**D INVESCO PERPETUAL EUROPEAN HIGHINCOME FUND 0 52.177 52.177
**D INVESCO PERPETUAL EUROPEAN EQUITY FD 0 10.485.737 10.485.737
**D MACOMB COUNTY EMPLOYEES RETIREMENT SYSTEM 0 79.543 79.543
**D ING EURO STOXX 50 INDEX PORTFOLIO 0 5.059.042 5.059.042
**D THE BANK OF KOREA 0 31.521 31.521
**D INVESCO FUNDS SERIES 0 482.319 482.319
**D ALLSTATE INSURANCE COMPANY 0 1.285.290 1.285.290
**D PRINCIPAL FUNDS INC.-INTERNATIONAL EQUITY INDEX FUND 0 550.632 550.632
**D STATE PUBLIC SECTOR SUPERANNUATION SCHEME 0 2.579.059 2.579.059
**D AQR GLOBAL ENHANCED EQUITY FUND 0 26.481 26.481
**D GOLDMAN SACHS INSTITUTIONAL FUNDS PLC 0 126.853 126.853
Page 20

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D ING FUNDS SERVICES, LLC 0 43.443 43.443
**D INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 0 434.092 434.092
**D CENTRICA COMBINED COMMON INVESTMENT FUND 0 600.334 600.334
**D DERBYSHIRE COUNTY COUNCIL SUPERANNUATION FUND 0 3.734.098 3.734.098
**D STICHTING DOW PENSIOENFONDS . 0 303.299 303.299
**D ESSEX COUNTY COUNCIL . 0 160.622 160.622
**D IRISH AIRLINES (GENERAL EMPLOYEES) SUPERANNUATION 0 3.817.702 3.817.702
**D LANCASHIRE COUNTY PENSION FUND. 0 771.300 771.300
**D MERCHANT NAVY OFFICERS PENSION FUND 0 67.062 67.062
**D NATIONAL PENSIONS RESERVE FUNDCOMMISSION 0 4.089.651 4.089.651
**D PEARSON GROUP PENSION PLAN 0 121.977 121.977
**D PRINCIPAL GLOBAL INVESTORS TRUST-INTERNATIONAL EQUITY FUND 0 96.260 96.260
**D PRINCIPAL GLOBAL INVESTORS FUNDS 0 313.422 313.422
**D WORCESTERSHIRE COUNTY COUNCIL PENSION FUND 0 1.165.427 1.165.427
**D QUEENSLAND INVESTMENT CORPORATION 0 1.294.039 1.294.039
**D QUEENSLAND INVESTMENT CORPORATION 0 177.330 177.330
**D PICTET NON-US EQUITY OFFSHORE MAST 0 1.566.493 1.566.493
**D NON US EQUITY MANAGERS PORTFOLIO 5 OFFSHORE MASTER LP 0 769.329 769.329
**D JANA PASSIVE GLOBAL SHARE TRUST 0 550.955 550.955
**D NBT MAIN A C (NCB CLEARING SVCS) 0 938.293 938.293
**D ACHMEA PENSIOEN EN LEVENSVERZEKERINGEN N.V. 0 111.687 111.687
**D MCKINLEY CAPITAL MANAGEMENT FUND PLC 0 19.877 19.877
**D STICHTING PENSIOENFONDS HORECA & CATERING 0 1.044.503 1.044.503
**D BERKELEY SQUARE COMMON INVESTMENT FUND LIMITED 0 302.443 302.443
**D STICHTING PENSIOENFONDS UWV . 0 854.076 854.076
**D THE MEDICAL CENTRE INSURANCE COMPANY LTD. 0 253.926 253.926
**D OIL INVESTMENT CORPORATION LTD&OIL CAS INVESTMENT 0 291.807 291.807
**D HSBC BANK (CAYMAN) LIMITED 0 143.210 143.210
**D CIBC BANK AND TRUST COMPANY CAYMAN LIMITED GEORGETOWN 0 830.800 830.800
**D STICHTING BEWAARDER INTERPOLIS PENSIOENEN BELEGGINGSPOOLS 0 506.323 506.323
**D BPS 0 901.223 901.223
**D STICHTING BEWAARDER AZL EQUITY FUND 0 301.490 301.490
**D BPL 0 5.168.005 5.168.005
**D STICHTING PENSIOENFONDS VOOR DE GRAFISCHE BEDRIJVEN 0 1.381.900 1.381.900
**D STICHTING BEDRIJKSTAKPENSIENFONDS VOOR HET KAPPERSBEDRIJF 0 34.531 34.531
**D STICHTING PFDS VOOR DE TANDTECHNIEK 0 70.564 70.564
**D STICHTING BEDRIJFSTAKPENSIOENFONDS VOOR HET LEVENSMIDDELENBEDRIJF 0 395.815 395.815
**D GOLDMAN SACHS GLOBAL EQUITY PARTNERS I LLC 0 410.043 410.043
**D MAXIM MFS INTERN. VALUE PORTF. OF MAXIM SERIES FUND INC 8515 0 422.428 422.428
**D STICHTING RABOBANK PENSIOENFONDS 0 661.755 661.755
**D BELEGGINSPOOL ACHMEA AANDELEN EURO 0 2.501.506 2.501.506
**D BELEGGINGSPOOL ACHMEA 0 619.595 619.595
**D INTERPOLIS PENSIOENEN EUROPA POOL 0 346.496 346.496
Page 21

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D ABB INC. MASTER TRUST . 0 128.657 128.657
**D RUSSELL OVERSEAS EQUITY FUND . 0 1.078.200 1.078.200
**D RUSSELL OVERSEAS EQUITY POOL . 0 532.400 532.400
**D ALASKA PERMANENT FUND CORPORATION 0 3.469 3.469
**D ALASKA PERMANENT FUND CORPORATION 0 3.327 3.327
**D EAFE EQUITY FUND . 0 981.218 981.218
**D ALABAMA PREPAID AFFORDABLE COLLEGE TUITION TRUST FUND 0 49.197 49.197
**D ROCKWELL AUTOMATION MASTER TRUST 0 799.705 799.705
**D BELLSOUTH CORPORATION HEALTH CARE TRUST RETIREES 0 117 117
**D BLUE CROSS BLUE SHIELD OF NORTHCAROLINA RETIR 0 278.894 278.894
**D BELLSOUTH CORP RFA VEBA TRUST FOR NONREPRESENTABLE EMPLOYEES 0 68.855 68.855
**D BELLSOUTH CORPORATION RFA VEBA TRUST 0 297.139 297.139
**D HIGHMARK INC. 0 281.655 281.655
**D CALIFORNIA STATE AUTOMOBILE ASSOCINTER-INSURANCE BUREAU 0 211.324 211.324
**D COLLIER FAMILY OFFICE INC . 0 520.537 520.537
**D COLLEGES OF APPLIED ARTS AND TECHNOLOGY PENSION P 0 1.289.400 1.289.400
**D COMMONWEALTH OF PENNSYLVANIA STATE EMPLOYEES RETIREMENT SYSTEM. 0 1.073.753 1.073.753
**D CONRAIL EMPLOYEE BENEFITS TRUST 0 15.973 15.973
**D CANADIAN PACIFIC RAILWAY COMPANY PENSION PLAN 0 430.849 430.849
**D CF INTERNATIONAL STOCK INDEX FUND 0 875.124 875.124
**D THE DEARBORN PARTNERS GROUP TRUST 0 279.202 279.202
**D ONTARIO POWER GENERATION INC . 0 511.067 511.067
**D DELAWARE INTERNATIONAL EQUITY FUND 0 217.346 217.346
**D DELAWARE INVESTMENTS GLOBAL FUNDS PLC 0 37.424 37.424
**D BNY MELLON EB COLLECTIVE INVESTMENT FUND PLAN 0 1.604.146 1.604.146
**D ADVANTAGE FUNDS INC - GLOBAL ALPHA FUND 0 22.539 22.539
**D DREYFUS INDEX FUNDS INC DREYFUS INTERNATIONAL STC 0 691.164 691.164
**D DT INTERNATIONAL STOCK INDEX FUND 0 1.515.960 1.515.960
**D COUNTY EMPLOYEES ANNUITY AND BENEFIT FUND OF COOK COUNTY 0 449.370 449.370
**D COUNTY EMPLOYEES ANNUITY AND BENEFIT FUND OF COOK COUNTY 0 378.290 378.290
**D ENERGY EAST CORPORATION MASTERTRUST 0 332.183 332.183
**D EVANGELICAL LUTHERAN CHURCH INAMERICA BOARD OF PEN 0 866.383 866.383
**D ELECTRICAL WORKERS LOCAL 26 PENSION TRUST FUND 0 99.123 99.123
**D FAIRFAX COUNTY UNIFORMED RETIREMENT SYSTEM 0 126.360 126.360
**D FIDELITY COMMONWEALTH TRUST IIFIDELITY INTL ENHANC 0 9.662 9.662
**D FIDELITY CONCORD STREET TRUST: SPARTAN INTERNATIONAL INDEX FD 0 10.475.688 10.475.688
**D FIRE AND POLICE PENSION ASSOCIATION OF COLOR 0 236.008 236.008
**D FIRE AND POLICE PENSION ASSN OFCOLORADO 0 425.423 425.423
**D FIRE & POLICE EMPLOYEES RET. SYSTEM-CITY OF BALTI 0 1.081.710 1.081.710
**D FLORIDA RETIREMENT SYSTEM . 0 31.496.802 31.496.802
**D GOLDMAN SACHS FOUNDATION . 0 347.266 347.266
**D GOLDMAN SACHS FOUNDATION . 0 132.149 132.149
**D GMI INVESTMENT TRUST . 0 929.409 929.409
Page 22

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D RIVERWOOD INTERNATIONAL CORPORATION MASTER PENSION TRUST 0 76.240 76.240
**D GOVERNORS OF THE UNIVERSITY OF ALBERTA 0 247.600 247.600
**D GRANGER FINANCIAL MANAGEMENT . 0 18.445 18.445
**D HEALTHCARE EMPLOYEES` PENSION PLAN - MANIT 0 1.590.118 1.590.118
**D HOWARD HUGHES MEDICAL INSTITUTE 0 168.785 168.785
**D ARCELORMITTAL USA INC. PENSION TRUST 0 169.975 169.975
**D IMPERIAL TOBACCO PENSION INVESTMENT TRUST FUND 0 240.655 240.655
**D INCO ELECTED MASTER TRUST . 0 157.967 157.967
**D IPROFILE INTERNATIONAL EQUITY POOL 0 81.703 81.703
**D IOWA PUBLIC EMPLOYEES` RETIREMENT SYSTEM 0 2.726.570 2.726.570
**D KANSAS PUBLIC EMPLOYEES RETIREMENT 0 1.355.657 1.355.657
**D KANSAS PUBLIC EMPLOYEES RETIREMENT 0 1.249.295 1.249.295
**D COUNTY OF LOS ANGELES DEFERRED COMPENSATION AND THRIFT PLAN 0 1.674.327 1.674.327
**D DELAWARE INVESTMENTS GLOBAL DIAND INCOME FUND INC 0 106.746 106.746
**D DELAWARE VIP INTERNATIONAL VALUE EQUITY SERIES 0 517.458 517.458
**D DELAWARE INTERNATIONAL VALUE EQUITY FUND 0 2.761.139 2.761.139
**D DELAWARE DIVIDEND INCOME FUND . 0 236.075 236.075
**D DELAWARE AGGRESSIVE ALLOCATIONPORTFOLIO 0 143.641 143.641
**D DELAWARE CONSERVATIVE ALLOCATION PORTFOLIO 0 80.737 80.737
**D DELAWARE MODERATE ALLOCATION PORTFOLIO 0 348.147 348.147
**D DELAWARE GLOBAL VALUE FUND . 0 167.503 167.503
**D DELAWARE ENHANCED GLOBAL DIVIDEND AND INCOME FUND 0 420.721 420.721
**D DELAWARE GROUP FOUNDATION FUND - DELAWARE FOUNDATION EQUITY 0 3.271 3.271
**D LUCENT TECHNOLOGIES INC. MASTERPENSION TRUST 0 1.098.116 1.098.116
**D THE LINCOLN NATIONAL LIFE INSURANCE CO.(SEPARATE A 0 1.031.006 1.031.006
**D LVIP SSGA INTERNATIONAL INDEX FUND 0 529.304 529.304
**D LVIP DELAWERE FOUNDATION CONSERVATIVE ALLOCATION FUND 0 281.695 281.695
**D LVIP DELAWARE FOUNDATION MODERATE A 0 115.580 115.580
**D LVIP DELAWARE FOUNDATION AGGRESSIVE ALLOCATION FUND 0 444.021 444.021
**D LOUISIANA STATE EMPLOYEES` RETIREMENT SYSTEM 0 1.140.200 1.140.200
**D OGLETHORPE POWER CORPORATION 0 784.130 784.130
**D MELLON BANK NA EMPLOYEE BENEFITCOLLECTIVE INVESTMENT 0 6.833.130 6.833.130
**D MUNICIPAL FIRE AND POLICE RETIREMENT SYSTEM OF 0 85.534 85.534
**D EMPLOYEE RETIREMENT INCOME PLANTRUST OF 3M COM 0 908.691 908.691
**D MANVILLE PERSONAL INJURY SETTLEMENT TRUST 0 121.815 121.815
**D MINISTRY OF DEFENCE PENSION FUND 0 172.361 172.361
**D MERCY INVESTMENT SERVICES 0 204.434 204.434
**D INVESCO FONDS CAT 2 SPERRKONTO 0 719.714 719.714
**D MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHST 0 11.539.241 11.539.241
**D MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHST 0 2.402.772 2.402.772
**D MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHST 0 1.878.024 1.878.024
**D ROGERSCASEY TARGET SOLUTIONS LLC. 0 632.155 632.155
**D PUBLIC EMPLOYEES RETIREMENT SYSTEM OF NEVADA 0 3.209.492 3.209.492
Page 23

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D NEW YORK STATE DEFERRED COMPENSATION PLAN 0 135.048 135.048
**D BELL ATLANTIC MASTER TRUST 0 307.540 307.540
**D BELL ATLANTIC MASTER TRUST 0 4.087.413 4.087.413
**D BELL ATLANTIC MASTER TRUST 0 880.516 880.516
**D OPERATING ENGINEERS LOCAL 101 PENSION FUND 0 146.351 146.351
**D HYDRO ONE PENSION PLAN . 0 561.040 561.040
**D ONTARIO PENSION BOARD . 0 578.056 578.056
**D ONTARIO POWER GENERATION INC. PENSION PLAN 0 935.460 935.460
**D OPEC FUND FOR INTERNATIONAL DEVELOPMENT 0 174.639 174.639
**D PENSION FUND SOCIETY OF THE BANK OF MONTREAL 0 302.700 302.700
**D PACIFIC GAS AND ELECTRIC QUALIFIED CPUC DECOMMISSIONING TRUST 0 522.096 522.096
**D PANAGORA GROUP TRUST . 0 29.479 29.479
**D PG&E POSTRET. MEDICAL PLAN TR.MGMT & NONBARGAINING 0 36.292 36.292
**D HEALTH CARE SECURITY TRUST . 0 24.764 24.764
**D UPMC BASIC RETIREMENT PLAN MASTER TRUST 0 96.017 96.017
**D PENSION RESERVES INVESTMENT TRUST FUND 0 6.872.989 6.872.989
**D PUBLIC EMPLOYEE RETIREMENT SYSTEM OF IDAHO 0 766.997 766.997
**D ARIZONA PSPRS TRUST 0 764.510 764.510
**D QUEEN`S UNIVERSITY AT KINGSTON 0 65.800 65.800
**D QUEEN`S UNIVERSITY AT KINGSTON 0 20.600 20.600
**D ROHM AND HAAS MASTER TRUST . 0 156.125 156.125
**D ROCKWELL COLLINS MASTER TRUST 0 1.334.559 1.334.559
**D RUSSELL INSTITUTIONAL FUNDS LLCRUSSELL INTL EQUITY FUND 0 708.706 708.706
**D SOUTHERN CALIFORNIA EDISON CO NUCLEAR FACILITIES Q 0 617.215 617.215
**D AT&T UNION WELFARE BENEFIT TRUST 0 2.398.818 2.398.818
**D SOUTHERN CALIFORNIA EDISON COMPANY RETIREMENT P 0 81.908 81.908
**D SEMPRA ENERGY PENSION MASTER TRUST 0 465.818 465.818
**D SAN DIEGO GAS AND ELEC CO NUCLEAR FACILITIES QUAL DEC 0 141.036 141.036
**D NEXTERA ENERGY SEABROOK LLC PART IN SEABROOK NUCLEAR FIN FUND 0 154.549 154.549
**D STATE OF WISCONSIN INVESTMENT BOARD 0 1.945.701 1.945.701
**D STATE OF WISCONSIN INVESTMENT BOARD 0 6.098.700 6.098.700
**D THE CALIFORNIA ENDOWMENT . 0 6.364 6.364
**D TD EMERALD INTERNATIONAL EQUITYINDEX FUND 0 1.665.928 1.665.928
**D TD INTERNATIONAL INDEX FUND 0 249.688 249.688
**D TD EUROPEAN INDEX FUND . 0 58.438 58.438
**D TORONTO FIRE DEPARTMENT SUPERANNUATION AND BENEFIT FD 0 21.304 21.304
**D TORSTAR MASTER TRUST FUND . 0 396.357 396.357
**D IMPERIAL INTERNATIONAL EQUITY POOL 0 2.559.075 2.559.075
**D IMPERIAL OVERSEAS EQUITY POOL 0 331.749 331.749
**D TUCSON SUPPLEMENTAL RETIREMENT SYSTEM 0 294.033 294.033
**D TXU RETIREMENT PLAN MASTER TRUST 0 699.014 699.014
**D TENNESSEE VALLEY AUTHORITY RETIREMENT SYSTEM 0 115.690 115.690
**D UBS CANADA DYNAMIC ALPHA STRATEGY FUND 0 10.986 10.986
Page 24

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D REGENTS OF THE UNIVERSITY OF MICHIGAN 0 147.486 147.486
**D CURATORS OF THE UNIVERSITY OF MISSOURI RETIR DISAB DEATH BENEFIT 0 397.809 397.809
**D GEN BRD OF PENSION&HEALTH BNFTOF THE UNITED METHOD 0 2.601.490 2.601.490
**D UNISYS MASTER TRUST 0 846.716 846.716
**D UNIVERSITY OF PITTSBURGH MEDICAL CENTER SYSTE 0 287.006 287.006
**D UNITED TECHNOLOGIES CORP. MASTER RETIREMENT TR 0 1.118.714 1.118.714
**D VEBA PARTNERSHIP N LP . 0 118.500 118.500
**D VIRGINIA RETIREMENT SYSTEM . 0 6.365.027 6.365.027
**D WK KELLOG G FOUNDATION TRUST 0 375.980 375.980
**D THE BOSTON COMMON INTNL SOCIAL INDEX FUND, LLC 0 63.370 63.370
**D CIBC INTERNATIONAL INDEX FUND 0 203.176 203.176
**D CIBC EUROPEAN INDEX FUND . 0 98.586 98.586
**D CIBC POOLED INTERNATIONAL EQUITY INDEX FUND 0 50.161 50.161
Total vote 2.038.252.742
Percentage of voters% 24,437714
Percentage of Capital% 10,575003
Page 25

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
1027 DE COSMO AMANDA 0 0 0
**D FIDELITY ADVISOR SERIES VIII INT CAPITAL 0 417.800 417.800
**D VARIABLE INSURANCE FUND IV VIP INTL CAP 0 124.700 124.700
**D ACMBERNSTEIN EUROPEAN STRATEGIC VALUE PO 0 414.673 414.673
**D HSBC POOLED INVESTMENT FUND, HSBC ALLIANCEBERNSTEIN L.P, MULTIMANAGER EUROPEAN EQUITY FUND 0 802.232 802.232
**D QUATREM ASSURANCE COLLECTIVE 0 180.301 180.301
**D FCPE MULTIPAR ACTS SR 0 266.775 266.775
**D FCPE MULTIPAR EQ. SOC. RES 0 96.085 96.085
**D FCP BNP PARIBAS INDICE EURO 0 1.758.457 1.758.457
**D FCP GUENEGAUD REVENUS 0 67.987 67.987
**D FCP FEDERIS IRC ACTIONS 0 916.619 916.619
**D FCP FEDERIS ACT QUATREM 0 650.000 650.000
**D FEDERIS EPARGNE EQUILIBREE 0 222.365 222.365
**D FCPE FDS DIVERSIF.TEL 1 0 45.553 45.553
**D FCPE SAUR EPARGNE 0 193.298 193.298
**D EASY ETF DJ EURO STOXX 0 271.488 271.488
**D FCP EURO ETHIQUE INSTITUTIONS 0 2.300.000 2.300.000
**D FCP FEDERIS EURO ACTIONS 0 2.270.000 2.270.000
**D MULTIPAR SOLIDAIRE DYNA SR 0 168.139 168.139
**D FCP NF COLLINES IN 0 1.621.032 1.621.032
**D EASY ETF EURO STOXX 50 0 6.076.083 6.076.083
**D FCPE GPE FORD FR.BNP DIV ND 0 68.216 68.216
**D FCPE MASTERFOODS 0 156.323 156.323
**D FCPE LIMACTIF 0 48.410 48.410
**D FCPE KONE INVESTISSEMENT 0 86.334 86.334
**D FCPE BMS ACTIONS 0 114.265 114.265
**D FCPE DIVERSIMONDE 0 48.565 48.565
**D FCP BNP ACTIONS PEA EURO 0 3.609.624 3.609.624
**D FCP BNP ACTION EUROPE 0 193.131 193.131
**D FCP MEDERIC ACTION 0 922.001 922.001
**D FCP FEDERIS EUROPE ACTIONS 0 677.000 677.000
**D FEDERIS AVENIR EURO-PE 0 2.544.200 2.544.200
**D PARWORLD 0 729.490 729.490
**D PARVEST 0 24.050.970 24.050.970
**D BPI GLOBAL INVESTMENT FUND 0 216.114 216.114
**D CSA L EQUITY WORLD 0 2.647 2.647
**D AUSTRALIAN GOVERNMENT EMPL SUPERAN TRUS 0 433.600 433.600
**D FUTURE DIRECT CORE INTERN SHARE FUND 2 0 3.210.000 3.210.000
**D AVI CHAI FOUNDATION 0 51.300 51.300
**D ANZ UK STAFF PENSION SCHEME 0 110.400 110.400
**D EMERSON ELECTRIC UK PENSION PLAN 0 186.550 186.550
**D EMERSON ELECTRIC CO. MASTER RETIREM. 0 408.150 408.150
**D FORD MOTOR COMPANY DEFINED BENEFIT 0 744.595 744.595
Page 26

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
**D GEORGE WIMPEY STAFF PENSION SCHEME 0 147.105 147.105
**D HIGHLAND COUNCIL PENSION FUND 0 876.950 876.950
**D INOVA HEALTH SYSTEM FOUNDATION 0 650.645 650.645
**D IMASCO HOLDINGS INC 0 45.700 45.700
**D MARY K MC QUISTON MCCAW 0 13.900 13.900
**D MOLINS UK PENSION FUND 0 59.640 59.640
**D NON CONTRIBUTORY OF MINE SAFETY 0 96.140 96.140
**D MACKENZIE 1995 TRUST DTD JULY 21, 1995 0 45.000 45.000
**D NCR SCOTLAND PENSION PLAN 0 221.105 221.105
**D PHELPS DODGE CORPORATION RETIRE.PLAN 0 286.920 286.920
**D THE QINETIQ PENSION SCHEME 0 349.045 349.045
**D ROBERT BOSCH CORPORATION MASTER TST 0 461.915 461.915
**D ANDREA REIMANN-CIARDELLI 1998 GRAT U/A 3 0 100.370 100.370
**D ANDREA REIMANN-CIARDELLI REVOCABLE TRUST 0 77.565 77.565
**D RONALD AND JOYCE NELSON 0 27.800 27.800
**D STEPHAN J. GEBERT 0 48.414 48.414
**D THE TAYSIDE SUPERANNUATION FUND 0 1.524.210 1.524.210
**D R.L PENSIONS TRUSTEES (ROI) LIMITED 0 103.860 103.860
**D WHEELS COMMON INVESTMENT FUND 0 152.705 152.705
**D FREESCALE SEMICONDUCTOR INC RETIREMENT 0 411.835 411.835
**D ITT INDUSTRIES MASTER RETIR.TST 0 142.015 142.015
**D LONDON BOROUGH OF LEWISHAM PENSION 0 609.040 609.040
**D RUSH-PRESBYTERIAN MEDICAL CENTER P.P 0 184.385 184.385
**D EMPLOYEES RET SYSTEM RICO ELECTRIC POWER 0 229.565 229.565
**D SANFORD INTERNATIONAL VALUE SERIES 0 1.392.330 1.392.330
**D INTERNATIONAL MONETARY FD RET STAFF 0 403.300 403.300
**D ASPEN FAMILY PARTNERSHIP L.P. 0 8.800 8.800
**D CROW PUBLIC SECURITIES LP 0 59.835 59.835
**D SANFORD BERNSTEIN DELAWARE TRUST 0 1.058.215 1.058.215
**D SANFORD C. BERNSTEIN DELAWARE BUSINESS T 0 1.046.100 1.046.100
**D SANFORD BERNSTEIN DELAWARE BUSINESS 0 7.279.435 7.279.435
**D SANFORD C BERNSTEIN & CO DELAWARE TS 0 528.720 528.720
**D SANFORD C. BERN DELAWARE BUSINESS 0 161.775 161.775
**D SANFORD BERNSTEIN DBT INTERNATIONAL 0 554.005 554.005
**D SANFORD MANAGED VALUE SERIES 0 838.225 838.225
**D BERNSTEIN GLOBAL STYLE BLEND 0 417.525 417.525
**D CORNWALL COUNTY COUNCIL PENSION FUND 0 267.495 267.495
**D STRATHCLYDE PENSION FUND 0 1.633.580 1.633.580
**D LONDON BOROUGH HILLINGDON SUPER FD 0 159.195 159.195
**D NORTHAMPTONSHIRE COUNTY COUNCIL PENSION FUND 0 368.730 368.730
**D NORTHUMBERLAND COUNTY COUNCIL FUND 0 84.585 84.585
**D FIDELITY INVEST INTL VALUD FD 0 488.009 488.009
**D FIDELITY AGGRESSIVE INTERNATIONAL FD 0 1.735.500 1.735.500
Page 27

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
**D FIDELITY ADVISOR SERIES VIII: FIDELITY ADVISOR OVERSEAS FUND 0 1.621.394 1.621.394
**D NAV CANADA PENSION PLAN 0 435.500 435.500
**D CARLETON UNIVERSITY RETIREMENT FUND 0 329.500 329.500
**D GARD COMMON CONTRACTUAL FUND 0 52.071 52.071
**D VOLVO PERSONVAGNARS PENSIONSSTIFTELS 0 38.290 38.290
**D LLOYD`S SUPERANNUATION FUND 0 168.180 168.180
**D DIAGEO PENSION SCHEME 0 815.385 815.385
**D HAMPSHIRE COUNTY COUNCIL PENSION FD 0 1.420.920 1.420.920
**D STICHTING PENSIOENFONDS SDB 0 168.965 168.965
**D NEW IRELAND ASSURANCE CO PLC 0 181.220 181.220
**D RETIREMENT PLAN FOR EMPLOYEES OF AETNA I 0 786.905 786.905
**D AMERICAN SAFETY RAZOR COMPANY MASTER TRU 0 76.015 76.015
**D BOMBARDIER TRUST U.S. MASTER TRUST 0 222.740 222.740
**D RETIREMENT INCOME PLAN OF SAUDI ARABIAN 0 138.678 138.678
**D JEFFREY LLC 0 581.000 581.000
**D STRATEGIC INVESTMENT SERVICE 0 89.610 89.610
**D SANLAM UNIVERSAL FUNDS PUBLIC LIMITED CO 0 19.775 19.775
**D SAS TRUSTEE CORPORATION 0 1.865.900 1.865.900
**D LABOR PENSION FUND SUPERVISORY COMMITTEE 0 224.980 224.980
**D CAYMAN ISLANDS CHAMBER OF COMMERCE PENSI 0 60.775 60.775
**D AXA OFFSHORE MULTIMANAGER FUNDS TRUST - 0 22.295 22.295
**D SIJOITUSRAHASTO ALFRED BERG GLOBAL 0 262.516 262.516
**D AXA EQUITABLE LIFE INSURANCE CO 0 249.289 249.289
**D AUSTRALIAN CAPITAL TERRITORY DEPARTMENT 0 258.800 258.800
**D QUEENSLAND LOCAL GOVERNMENT SUPERANNUATI 0 312.000 312.000
**D SBC MASTER PENSION TRUST 0 3.789.380 3.789.380
**D EQ ADVISORS TRUST ALLIANCEBERNSTEIN INTL 0 5.717.296 5.717.296
**D AXA PREMIER VIP TRUST - MULTIMANGER INTE 0 901.185 901.185
**D STATE OF CALIFORNIA MASTER TRUST 0 901.930 901.930
**D MUNICIPAL POLICE EMPLOYEES RETIREMENT SY 0 534.620 534.620
**D DALLAS POLICE AND FIRE PENSION SYSTEM 0 242.160 242.160
**D NVIT MULTI-MANAGER INTERNATIONAL VALUE F 0 1.309.615 1.309.615
**D NATIONWIDE INTERNATIONAL VALUE FUND 0 622.395 622.395
**D DOW EMPLOYEES PENSION PLAN TRUST 0 108.865 108.865
**D UNION CARBIDE EMPLOYEES` PENSION PLAN 0 53.350 53.350
**D AGERE SYSTEMS INC. PENSION PLANS MASTER 0 390.405 390.405
**D YOUNG MENS CHRISTIAN ASSOC. RETIR FD 0 815.275 815.275
**D EQ ADVISORS - AXA TACTICAL MANAGER INTER 0 788.154 788.154
**D MERCHANT INVESTORS ASSURANCE COMPANY LIM 0 758.200 758.200
**D KUWAIT FUND FOR ARAB ECONOMIC DEVELOPMEN 0 620.630 620.630
**D THE DELPHI AUTOMOTIVE SYSTEMS UK PENSION 0 181.523 181.523
**D AXA UK GROUP PENSION SCHEME 0 855.945 855.945
**D STATE OF NEW MEXICO STATE INVESTMENT COU 0 1.452.088 1.452.088
Page 28

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
**D NEW MEXICO EDUCATIONAL RETIREMENT BOARD 0 741.735 741.735
**D VARIABLE INSURANCE PRODUCTS FUND OVERSEA 0 2.620.638 2.620.638
**D ECONOMIC INVESTMENT TRUST LTM 0 729.800 729.800
**D MANITOBA TELECOM SERV&PARTECIP SUBS EMPL 0 299.600 299.600
**D IWA FOREST INDUSTRY PENSION PLAN 0 594.300 594.300
**D DOFASCO SUPPLEMENTARY RET INCOME PL 0 913.700 913.700
**D DOFASCO EMPLOYEES SAV & PRO SHARING FUND 0 496.600 496.600
**D DIAGEO CANADA INC 0 126.800 126.800
**D EMPIRE LIFE INSURANCE COMPANY 0 514.700 514.700
**D UNIVERSITY OF VICTORIA FOUNDATION 0 124.000 124.000
**D BOMBARDIER TRUST(CANADA) GLOBAL EQUIT FU 0 237.800 237.800
**D THE BOMBARDIER TRUST (UK) 0 820.550 820.550
**D PENSION PLAN FOR EMPL BRIST MAYER SQUIBB 0 43.700 43.700
**D THE AMERICAN FED OF M&E PENS WELF FD 0 253.700 253.700
**D ALGOMA STEEL INC MASTER TRUST II 0 343.600 343.600
**D PUBLIC EDUCATION RET SYSTEM MISSOURI 0 249.620 249.620
**D PUBLIC SCHOOL RET SYSTEM OF MISSOURI 0 2.126.490 2.126.490
**D FIM LUXEMBOURG 0 4.377 4.377
**D CSA L GLOBAL QUANT EQUITY POOL 0 2.395 2.395
**D FIDELITY INVESTMENTS MONEY MANAGEMENT IN 0 35.690 35.690
**D BANK OF BERMUDA (CAYMAN) LIMITED 0 454.933 454.933
**D FIDELITY LLC INTERNATIONAL GROWTH PORTFOLIO 0 229.300 229.300
**D FIDELITY GROUP TRUST FOR EMPLOYEE B, ENEFT EUROPEAN EQUITIES COLLECTIVE TRUST 0 3.529.400 3.529.400
**D SCEPTRE POOLED INVESTMENT FUND - FOREIGN EQUITY SECTION 0 761.400 761.400
**D WOE ALLIANCE BERNSTEIN 0 78.600 78.600
**D ACMBERNSTEIN FCP 0 669.500 669.500
**D ACM GLOBAL INVESTMENTS GLOBAL WEALTH STRATEGY GLOBAL C PORT. 0 4.995.988 4.995.988
**D ACMGI EUROPEAN VALUE 0 632.769 632.769
**D ABEX LIMITED 0 60.075 60.075
**D COLONIAL FIRST STATE INVESTMENTS LIMITED 0 1.938.300 1.938.300
**D EIRCOM NO2 SUPERANNUATION FUND 0 499.980 499.980
**D AGF FUNDS INC 0 229.800 229.800
**D ADVANCED SERIES TRUST AST NIEMANN CAPITAL 0 239.500 239.500
**D NTUC INCOME INSECURE COPERATIVE LIMITED 0 165.410 165.410
**D NEW YORK STATE BANKERS RETIREMENT SYSTEM VOL SUBMITTER PLAN 0 161.540 161.540
**D ARCHITAS MULTI-MANAGER ICVC II 0 253.565 253.565
**D FIDELITY INVESTMENT TRUST: FIDELITY TOTAL INT EQUITY FUND 0 83.901 83.901
**D FIDELITY INVESTMENT TRUST: FIDELITY SERIES INTERNATIONAL VALUE 0 12.866.700 12.866.700
**D LONDON BOROUGH OF BARKING & DAGENHAM SUPERANNUATION FUND 0 193.320 193.320
**D SANFORD C. BERNSTEIN F INC - TAX-MANAGED INTERNATIONAL PTF 0 11.581.375 11.581.375
**D SANFORD C. BERNSTEIN INTL VALUE EQ (CAP-WEIGHTED UNHEDGED) F 0 2.647.500 2.647.500
**D SANFORD C. BERNSTEIN GLOBAL VALUE EQUITY FUND . 0 661.000 661.000
**D ALLIANCEBERNSTEIN GLOBAL STYLE BLEND FUND . 0 850.900 850.900
Page 29

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
**D SANFORD C. BERNSTEIN GLOBAL STRATEGIC VALUE FUND 0 246.000 246.000
**D ALLIANCEBERNSTEIN GLOBAL STYLE BLEND (CAD HALF-HEDGED) FUND 0 25.100 25.100
**D ALLIANCEBERNSTEIN GLOBAL VALUE FUND 0 310.065 310.065
**D ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND 0 10.012.070 10.012.070
**D GPF (THAILAND) INVESTMENT FUND 0 197.170 197.170
**D LONDON BOROUGH OF GREENWICH SUPERANNUATION SCHEME 0 630.220 630.220
**D SANFORD C. BERNSTEIN FUND, INC. - OVERLAY A PORTFOLIO 0 469.100 469.100
**D SANFORD C. BERNSTEIN FUND, INC. - TAX-AWARE OVERLAY A PTF 0 1.084.600 1.084.600
**D THE ALLIANCEBERNSTEIN POOLING PTF-ALLIANCEBRN INT VALUE PTF 0 5.670.100 5.670.100
**D THE ALLIANCEBERNSTEIN POOLING PTF - ALLIANCEB VOL MNGM PTF 0 56.374 56.374
**D ALLIANCEBERNSTEIN COLLECTIVE INVESTMENT TRUST SERIES 0 3.871.201 3.871.201
**D ALLIANCEBERNSTEIN VAR PROD SER F INC - INT VALUE PTF 0 7.068.740 7.068.740
**D ALLIANCEBERNSTEIN VAR PROD SER F INC-BAL WEALTH STRATEGY PTF 0 234.495 234.495
**D THE NATIONAL MUTUAL LIFE ASS OF AUSTRALASIA LIMITED 0 373.784 373.784
**D BERNSTEIN GLOBAL VALUE EQUITIES TRUST 0 395.700 395.700
**D WHOLESALE GLOBAL EQUITY - VALUE FUND 0 4.005.400 4.005.400
**D GMAM INVESTMENT FUNDS TRUST 0 1.251.085 1.251.085
**D XEROX CANADA EMPLOYEES RETIREMENT PLAN 0 72.900 72.900
**D WHOLESALE GLOBAL EQUITY - INDEX FUND (UNHEDGED) 0 328.699 328.699
**D DFS GIF - EUROPEAN EQUITY ALLIANCE BERNSTEIN 0 67.724 67.724
**D DESJARDINS FIN SECURITY BERNSTEIN INTL EQUITY VALUE FUND 0 187.437 187.437
**D CAISSE DE DEPOT ET PLACEMENT DU QUEBEC 0 29.072.481 29.072.481
**D TRANSAMERICA ALLIANCEBERNSTEIN DYNAMIC ALLOCATION VP 0 21.712 21.712
**D MASSMUTUAL SELECT OVERSEAS FUND 0 512.975 512.975
**D MOOG INC EMPLOYEES RETIREMENT PLAN 0 177.050 177.050
**D MGI INTERNATIONAL EQUITY FUND 0 209.920 209.920
**D IPAC SPEC INV STRATEGIES - INT SHARE STRATEGY NO 1 0 1.245.900 1.245.900
**D ALLIANCEBERNSTEIN GLOBAL STYLE BLEND EQUITIES TRUST 0 45.223 45.223
**D SC ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND 0 242.068 242.068
**D DGAM EAFE EQUITY FUND L.P. 0 231.100 231.100
**D WUT42 0 424.200 424.200
**D HONG KONG SPECIAL ADMINISTRATIVE REGION GOVERNMENT-EXCHANGE F 0 1.261.097 1.261.097
**D THE STARR FOUNDATION 0 100.585 100.585
**D CITY OF TALLAHASSEE 0 279.596 279.596
**D UAW RETIREE MEDICAL BENEFITS TRUST 0 1.241.060 1.241.060
**D STATE UNIVERSITY OF IOWA FOUNDATION 0 319.820 319.820
**D ALLIANCEBERNSTEIN TAX-MANAGED WEALTH PRESERVATION STRATEGY 0 20.280 20.280
**D ALLIANCEBERNSTEIN TAX-MANAGED BALANCED WEALTH STRATEGY 0 70.525 70.525
**D ALLIANCEBERNSTEIN TAX MANAGED WEALTH APPRECIATION STRATEGY 0 469.235 469.235
**D IPAC MULTI-MANAGER INVESTMENT FUND SERIES-IPAC MULTI-MANAGERGLOABL EQUITY FUND 0 43.470 43.470
**D KAISER FOUNDATION HOSPITALS 0 1.125.420 1.125.420
**D THE PITNEY BOWES RETIREMENT PLANS TRUST 0 140.815 140.815
**D SANFORD C. BERNSTEIN FUND, INC. - INTERNATIONAL PORTFOLIO 0 5.131.555 5.131.555
Page 30

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
**D CHRYSLER LLC MASTER RETIREMENT TRUST 0 1.951.215 1.951.215
**D INTERNATIONAL PAPER CO COMMINGLED INVESTMENT GROUP TRUST 0 1.144.185 1.144.185
**D CHEVRON MASTER PENSION TRUST 0 581.400 581.400
**D REGIME DE RENTES DU MOUVEMENT DESJARDINS 0 1.169.000 1.169.000
**D HALLMARK CARDS MASTER TRUST 0 338.048 338.048
**D MGI NON-US CORE EQUITY FUND 0 1.116.449 1.116.449
**D MASSMUTUAL SELECT DIVERSIFIED INTERNATIONAL FUND 0 631.050 631.050
**D GOVERNING COUNCIL OF THE UNIVERSITY OF TORONTO 0 200.900 200.900
**D BAXTER INTERNATIONAL INC. AND SUBSIDIARIES PENSION TRUST 0 678.840 678.840
**D MONTANA BOARD OF INVESTMENTS 0 416.895 416.895
**D UNIVERSITY OF TORONTO MASTER TRUST 0 226.600 226.600
**D FORTIS INVESTMENT MANAGEMENT 0 794.684 794.684
**D SBSA AS TRUSTEE FOR SANLAM GLOBAL TRUST 0 181.900 181.900
**D MANAGERS INTERNATIONAL EQUITY FUND 0 215.275 215.275
**D EMERGENCY SERVICES SUPERANNUATION SCHEME 0 516.600 516.600
**D VICTORIAN WORKCOVER AUTHORITY 0 476.600 476.600
**D TRANSPORT ACCIDENT COMMISSION 0 316.200 316.200
**D MASTER INVESTMENT TRUST FOR DEFINED BENEFIT PLANS OF HAWAIIAN AIRLINES INC 0 161.990 161.990
**D UNISYS PENSION SCHEME 0 92.885 92.885
**D THE ACCBANK DEFINED BENEFIT PENSION SCHEME 0 181.930 181.930
**D WINCANTON PLC PENSION SCHEME 0 67.195 67.195
**D CITY OF NEW YORK GROUP TRUST 0 7.066.518 7.066.518
**D VICTORIAN MANAGED INSURANCE AUTHORITY 0 99.600 99.600
**D GOODRICH (UK) PENSION SCHEME 0 201.780 201.780
**D DOW UK PENSION PLAN . 0 91.315 91.315
**D ESSEX COUNTY COUNCIL . 0 1.105.580 1.105.580
**D ELECTRICITY SUPPLY PENSION SCHEME 0 829.835 829.835
**D HARRODS GROUP PENSION PLAN 0 144.950 144.950
**D HERTFORDSHIRE COUNTY COUNCIL PENSION FUND 0 787.585 787.585
**D AN POST SUPERANNUATION SCHEME . 0 453.967 453.967
**D OXFORDSHIRE COUNTY COUNCIL PENSION FUND 0 842.000 842.000
**D ESB GENERAL EMPLOYEES SUPERANNUATION SCHEME 0 594.205 594.205
**D WOLSELEY GROUP RETIREMENT BENEFITS PLAN 0 235.370 235.370
**D OIL INVESTMENT CORPORATION LTD&OIL CAS INVESTMENT 0 1.362.765 1.362.765
**D REEVE COURT GENERAL PARTNER 0 22.135 22.135
**D STG PFDS CORP EXPRESS MANDAAT ALLIANCE CAPITA 0 218.455 218.455
**D STICHTING PENSIOENFONDS ELSEVIER 0 56.005 56.005
**D THE MOWLEM STAFF PENS LIFE ASS SCHEME 0 159.960 159.960
**D AMERICAN ELECTRIC POWER MASTER RETIREMENT TRUST 0 1.251.005 1.251.005
**D ALABAMA TRUST FUND 0 201.795 201.795
**D BASF CORPORATION PENSION MASTERTRUST 0 307.162 307.162
**D BECHTEL NR PROGRAM MASTER TR . 0 491.350 491.350
**D BRUCE POWER PENSION PLAN . 0 1.427.900 1.427.900
Page 31

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
**D CANADIAN CHRISTIAN SCHOOL PENSION TR. FD 0 79.600 79.600
**D AMERICAN ELECTRIC POWER SYSTEM RETIREE LIFE INSURANCE TRUST 0 52.835 52.835
**D AMERICAN ELECTRIC POWER SYSTEM RETIREE MEDICAL TRUST FOR CERTAIN UNION 0 145.995 145.995
**D COX ENTERPRISES INC MASTER TRUST 0 874.175 874.175
**D CIBC PENSION PLAN 0 542.700 542.700
**D THE DUN AND BRADSTREET CORP DEFINED BENEFIT GROUP TRUST 0 176.990 176.990
**D DUKE ENERGY QUALIFIED NUCLEAR DECOMMISSIONING TRUS 0 1.331.120 1.331.120
**D EVANGELICAL LUTHERAN CHURCH INAMERICA BOARD OF PEN 0 1.031.740 1.031.740
**D EDUCATIONAL EMPLOYEES` SUPP. RET. SYSTEM OF FAIRF 0 571.865 571.865
**D TOTAL FINANCE USA INC. MASTER TRUST 0 326.250 326.250
**D PYRAMIS INTERNATIONAL GROWTH TRUST 0 845.000 845.000
**D FIDELITY GLOBAL FUND . 0 760.300 760.300
**D FIDELITY GLOBAL FINANCIAL SERVICES FUND 0 147.400 147.400
**D DTE ENERGY COMPANY AFFILIATES EMP BENEFIT PLANS MA 0 801.260 801.260
**D THE MAPLE LEAF FOOD INC. MASTERTRUST NO. 2 0 549.800 549.800
**D PUBLIC EMPLOYEES RETIREMENT SYSTEM OF MISSISSIPI 0 1.901.166 1.901.166
**D MERCK AND CO., INC MASTER RETIREMENT TRUST 0 371.565 371.565
**D MERCK AND CO., INC UNION VEBA TRUST 0 68.865 68.865
**D RETIREMENT BENEFITS INVESTMENT FUND 0 21.454 21.454
**D NEW YORK STATE DEFERRED COMPENSATION PLAN 0 707.815 707.815
**D CITY OF NEW YORK DEFERRED COMPENSATION PLAN 0 535.540 535.540
**D TEACHERS` RETIREMENT SYSTEM OF THE CITY OF NEW Y 0 1.022.950 1.022.950
**D ONTARIO PENSION BOARD . 0 1.198.800 1.198.800
**D OPEC FUND FOR INTERNATIONAL DEVELOPMENT 0 503.192 503.192
**D PENSION FUND SOCIETY OF THE BANK OF MONTREAL 0 303.900 303.900
**D PARKER - HANNIFIN MASTER TRUST 0 437.685 437.685
**D PUBLIC EMPLOYEE RETIREMENT SYSTEM OF IDAHO 0 971.455 971.455
**D PUROLATOR COURIER LTD. MASTER TRUST FUND 0 218.700 218.700
**D NATIONWIDE LIFE INSURANCE COMPANY OF AMERICA 0 33.485 33.485
**D POLYONE CORPORATION MASTER TRUST 0 162.410 162.410
**D QUEEN`S UNIVERSITY AT KINGSTON 0 207.900 207.900
**D REVISED PENSION PLAN OF QUEEN`SUNIVERSITY 0 19.602 19.602
**D TD INTERNATIONAL EQUITY FUND . 0 3.651.900 3.651.900
**D AT&T SAVINGS GROUP INV TRUST 0 317.425 317.425
**D IMPERIAL INTERNATIONAL EQUITY POOL 0 629.100 629.100
**D IMPERIAL OVERSEAS EQUITY POOL 0 103.200 103.200
**D TULARE COUNTY EMPLOYEES` RETIREMENT ASSOCATION 0 345.420 345.420
**D CURATORS OF THE UNIVERSITY OF MISSOURI RETIR DISAB DEATH BENEFIT 0 797.005 797.005
**D UNITED TECHNOLOGIES CORP. MASTER RETIREMENT TR 0 1.394.860 1.394.860
**D VULCAN ASSET MANAGEMENT LLC 0 91.000 91.000
1287 ROSANIA ELMAN 0 0 0
*** GUALANDI BIANCA ENRICA 0 1.818 1.818
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 4.050 4.050
Page 32

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
1882 DOBRILLA RICCARDO 1 0 1
Total vote 300.951.352
Percentage of voters% 3,608268
Percentage of Capital% 1,561417
Page 33

UniCredit S.p.A. 29 April 2011 17.35.07
RESULTS OF VOTING
Subjetc: Riduzione del numero dei membri del CdA da 23 a 22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
NOT VOTING
1287 ROSANIA ELMAN 0 0 0
*** CASELLA POTITO 0 24 24
*** CAPPIELLO ANDREA 0 965 965
*** GALANO PASQUALE 0 8.329 8.329
*** ACQUAVIA VITO ANTONIO 0 11 11
*** TELESCA FRANCESCO SAVERIO 0 173 173
*** NOTARGIACOMO GIULIA 0 71.232 71.232
*** MITRIONE MARIA ADELAIDE 0 6.172 6.172
*** DI LUCCHIO LOREDANA ERMINIA 0 1.986 1.986
*** DI LUCCHIO GIANPAOLO CRISTIAN 0 3.984 3.984
*** DELLI COLLI CLEMENTE 0 128.301 128.301
*** DELLI COLLI VALERIA 0 57.948 57.948
*** TELESCA GIANLUCA 0 173 173
*** TELESCA MARIA LUIGIA 0 197 197
*** DE BONIS DONATO ANTONIO 0 11 11
*** VARLOTTA GIOVANNI 0 10 10
*** LUCIANO LIDIA 0 10 10
*** ATELLA GIANFRANCO 0 1.733 1.733
*** SARI ANGELO 0 18.213 18.213
*** BUFANO TOMMASO 0 13 13
*** MIMMO ANTONIO 0 14.289 14.289
*** GIGLIO DOMENICO 0 144 144
*** CORDASCO DOMENICO 0 11 11
*** CATAPANO SALVATORE CARMINE VINCENZO 0 5 5
*** NOLE` ORIANA 0 3.310 3.310
*** POTENZA DONATO 0 10.000 10.000
*** VARLOTTA CINZIA ANNAMARIA 0 10 10
2006 PIPPONZI IVANA ENRICA 0 10 10
2047 LA VERDE LUCIO 8.500 0 8.500
Total vote 335.764
Percentage of voters% 0,004026
Percentage of Capital% 0,001742
Page 34

UniCredit S.p.A. 29 April 2011 17.42.00
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
Subject : Appointment of a Director
RESULTS OF VOTING
33 (*) persons entitled to vote took part in the voting, representing 8.340.603.235 ordinary shares, equating to
43,273292 % of ordinary share capital of which 74.682 shares were represented in person and 8.340.528.553 by
proxy.
8.340.603.235 ordinary shares were admitted to voting, corresponding to 100,000000% of the shares
represented at the meeting.
The counting of votes produced the following results:
% of share capital present and entitled
to vote %ordinary capital
In Favour 6.001.047.651 votes equating to 71,949883 31,135049
AGAINST 2.038.263.317 votes equating to 24,437867 10,575058
Sub-Total 8.039.310.968 votes equating to 96,387750 41,710107
Abstentions 300.947.301 votes equating to 3,608224 1,561396
Not Voting 335.766 votes equating to 0,004026 0,001742
Sub-Total 301.283.067 votes equating to 3,612250 1,563138
Total 8.340.594.035 votes equating to 100,000000 43,273244
Pursuant to art. 135-undecies of TUF 9.200 shares were not counted for the calculation of the majority and of
share capital needed for approval to voting, corresponding to % of the shares represented at the meeting.
(*)NOTE:
There were 0 more people in attendance entitled to vote relative to the previous count, representing an
addintional 0,000000% of ordinary share capital.
Pag. 1

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
1027 DE COSMO AMANDA 0 0 0
**D CIBC BANK AND TRUST COMPANY CAYMAN LIMITED 0 951 951
**D BANK JULIUS BAER & CO LTD 0 670.500 670.500
**D ROYAL BANK OF CANADA (CHANNELL ISLANDS) LIMITED 0 2.222 2.222
**D LPIP, AKT EUROPA II(INDEKSPORTEF C/O NYKREDIT PORTEFOLJE ADM. A/S 0 1.426.190 1.426.190
**D LPI AKTIER EUROPA C/O NYKREDIT PORTEFOLJE ADM. A/S 0 71.704 71.704
**D LPIP, AKT GLOBALE II(AKTIV FOR C/O NYKREDIT PORTEFOLJE ADM. A/S 0 327.839 327.839
**D LPI AKTIER GLOBALE V C/O NYKREDIT PORTEFOLJE ADM. A/S 0 37.445 37.445
**D F.M.B.A.PENSION EQUITY INVEST I C/O OPERATIONS 0 112.053 112.053
**D NOMURA BANK (LUXEMBOURG) SA CLIENT ACCOUNT 0 605.785 605.785
**D BBH B J T S RE CMA MFS EX-JAPAN GROWTH MOTHER FUND 0 624.030 624.030
**D BBH B J T S RE CMA MFS EX-JAPAN GROWTH MOTHER FUND 0 7.042 7.042
**D VANGUARD GLOBAL EQUITY FUND 0 2.771.282 2.771.282
**D VANGUARD EUROPEAN STOCK INDEX FUND 0 14.626.041 14.626.041
**D VANGUARD TAX-MANAGED INTERNATIONAL FUND 0 9.891.783 9.891.783
**D SEI INST INVES TRUST INTERNAT EQTY FUND 0 856.808 856.808
**D SEI INSTITUTIONAL INTERN TRUST INTERNATI 0 2.876.218 2.876.218
**D VANGUARD INTERNATIONAL VALUE FUND 0 10.163.750 10.163.750
**D SEI INST INVEST TRUST WORLD EQ EX-US FUN 0 1.581.850 1.581.850
**D NATIXIS INTERNT FUNDS LUX I 0 174.759 174.759
**D ING DIRECT 0 250.753 250.753
**D OFI INSTITUTIONAL INTERNATIONAL INDEX FU 0 91.257 91.257
**D SEI INST INV TRUST SCREENED WORL 0 17.945 17.945
**D VANGUARD TOTAL WORLD STOCK INDEX FUND 0 828.810 828.810
**D THE EUROPEAN EQUITY FUND INC. 0 1.200.000 1.200.000
**D VANGUARD DEVELOP MARKET INDEX FUND 0 13.478.142 13.478.142
**D VANGUARD FTSE ALL-WORLD EX US INDEX FUND 0 14.882.233 14.882.233
**D BBH B J T S RE CMA MFS EX-JAPAN GROWTH MOTHER FUND 0 23.278 23.278
**D BBH B FOR TMTBJ RE: MUTB400037270 0 135.444 135.444
**D FPP GLOBAL ENDEAVOUR DEVELOPED MARKETS F 0 2.449 2.449
**D PYRAMIS GLOBAL EX US INDEX FUND LP 0 230.320 230.320
**D BBH/LIFEYRISSJODUR VERZLUNARMANNA-PENSIO 0 133.871 133.871
**D NATIONAL AUTOMATIC SPRINKLER INDUSTRY PENSION FUND (TRILOGY) 0 519.485 519.485
**D 3 TO 1 DIVERSIFIED EQUITY FUND 0 141.207 141.207
**D HUNTINGTON NATIONAL BANK 0 75.000 75.000
**D HUNTINGTON NATIONAL BANK INTERN EQ FUND 0 1.100.000 1.100.000
**D MANULIFE INTERNATIONAL LTD 0 767.832 767.832
**D EIS SERVICES BERMUDA LTD 0 471.805 471.805
**D MANULIFE PROPERTY LTD PARTNERSHIP 0 606.941 606.941
**D HSBC FD SERV MANUFACT LIFE INSURA CO LTD 0 649.097 649.097
**D BDF-FONDS E ACT. EUROP. 0 100.586 100.586
**D VRP 2 0 571.143 571.143
**D FCP FCE PLACT EURO BIS 0 3.977.498 3.977.498
Page 1

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D FCP FCE INVEST EURO 0 2.996.831 2.996.831
**D FCP COEFFICIENCE 0 560.067 560.067
**D FCP CNP ACTIONS EM 0 557.997 557.997
**D INVESCO ACTIONS EUROPE 0 1.386.002 1.386.002
**D NATEXIS PERFORMANCE I 0 27.134 27.134
**D D&O DEXIA ISR 0 92.421 92.421
**D HENDERSON GLOBAL FINANCIAL FUND 0 682.266 682.266
**D AIM CRISTAL FCP 0 48.702 48.702
**D LABEL EUROPE ACTIONS FCP 0 307.000 307.000
**D MONT JOIE INVESTISSEMENTS 0 46.622 46.622
**D FCP AIR FRANCE IFC 0 68.368 68.368
**D SICAV AXA EUROPE ACTIONS 0 1.977.777 1.977.777
**D ACTIONS SELECTIONNEES SICAV 0 23.852 23.852
**D FCPE TOTAL 5000 0 880.456 880.456
**D FCP AXA EUROPE DU SUD 0 463.228 463.228
**D FCP AXA EURO VAL.RESP. 0 1.769.500 1.769.500
**D AXA IM COUPOLE 0 162.644 162.644
**D HENDERSON EUROPEAN ENHANCED EQUITY FUND 0 2.323.129 2.323.129
**D WITAN INVESTMENT TRUST PLC 0 446.126 446.126
**D INVESCO ZVEI FONDS 0 175.153 175.153
**D WIN FONDS III 0 397.900 397.900
**D OPTIMIX WHOLESALE GLOBAL SHARE TRUST 0 257.662 257.662
**D INSURANCE COMMISSION OF WETERN AUSTRALIA 0 66.777 66.777
**D HOUR GLASS INDEXED INT SHARED SECT TRUST 0 232.556 232.556
**D ENHANCED INDEX INTERNATIONAL SHARE FUND 0 2.168.551 2.168.551
**D FDT ETHOS 0 210.821 210.821
**D JAPAN TRUSTEE SERVICES BANK,LTD INV.FUND 0 96.646 96.646
**D FIRST CLEARING LLC 0 330.316 330.316
**D DEXIA EQUITIES L 0 1.636.786 1.636.786
**D HARVEY HUBBELL INC MSTR PENS TRUST 0 96.327 96.327
**D FORD MOTOR COMPANY DEFINED BENEFIT 0 1.900.068 1.900.068
**D JAGUAR PENSION PLAN 0 216.000 216.000
**D JOANNE COTSEN TRUST B 0 10.353 10.353
**D NORTHERN INTL EQUITY INDEX FUND 0 1.933.258 1.933.258
**D THE MASTER TRUST BANK OF JAPAN 0 90.257 90.257
**D NT GLOBAL INVESTMENT COLL FUNDS 0 16.246.312 16.246.312
**D NTGI-QM COMMON DAILY ALL COUNTRY WORLD E 0 187.340 187.340
**D VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIAT 0 46.509 46.509
**D THE HENRY SMITH CHARITY 0 429.925 429.925
**D TRINITY COLLEGE 0 92.977 92.977
**D WHEELS COMMON INVESTMENT FUND 0 797.029 797.029
**D ACCIDENT COMPENSATION CORPORATION 0 249.108 249.108
**D AMERICAN COLLEGE OF SURGEONS 0 58.026 58.026
Page 2

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D AMERICAN LEBANESE SYRIAN ASSOCIATED 0 99.705 99.705
**D DAILY M&G TRUST SENIOR EXECUTIVES 0 60.994 60.994
**D CADBURY SCHWEPPES PLC PENSION TRUST LTD 0 180.628 180.628
**D THE CLESS CAPITAL TRUST 0 3.476 3.476
**D CHEMTURA CORPORATION MASTER RETIR TR 0 108.070 108.070
**D THE CALIFORNIA WELLNESS FOUNDATION 0 67.984 67.984
**D WILLIAM DOHENY GRANDCHILDERN TRUST 0 8.702 8.702
**D FORD FOUNDATION 0 689.034 689.034
**D THE HY-VEE AFFILIATES 401 K PLAN 0 144.224 144.224
**D RBS HBOS EURO SPECIAL SITUATIO 0 2.013.644 2.013.644
**D ILLINOIS CONSOLIDATED TELEPHONE TST 0 19.808 19.808
**D ILLINOIS TOOL WORKS MASTER TRUST 0 635.377 635.377
**D JEWISH COMMUNITY FED SAN FRANCISCO 0 15.870 15.870
**D THE JENNIFER U.CLESS CHILDS TRUST 0 4.830 4.830
**D LEGAL AND GENERAL GLOBAL GROWTH TRUS 0 197.675 197.675
**D LEGAL&GENERAL EUROPEAN INDEX TRUST 0 10.591.357 10.591.357
**D RBS LEGAL E GENERAL INTL INDEX TRUST 0 235.083 235.083
**D THE MARTIN CLESS CHILD UAD 4/23/90 0 4.499 4.499
**D ML LAWRENCE TRUST 0 7.600 7.600
**D EDWARD E ANNA MITCHELL FAMILY FOUNDA 0 1.500 1.500
**D NORTHERN GLOBAL SUSTAINABILITY INDEX FUN 0 110.234 110.234
**D NORTHWESTERN UNIVERSITY 0 100.089 100.089
**D PEOPLES ENERGY RETIREMENT PLAN 0 134.100 134.100
**D NATIONAL RAILROAD INVESTMENT TRUST 0 4.224.252 4.224.252
**D NATIONAL RAILROAD RET INVESTMENT TRUST PUBL FUND 0 3.412.348 3.412.348
**D SURREY COUNTY COUNCIL PENSION FUND 0 222.916 222.916
**D TENNESSE CONSOLIDATED RETIREMENT SYSTEM 0 653.782 653.782
**D THE NUFIELD FOUNDATION 0 26.471 26.471
**D WANDSWORTH BOROUGH COUNCIL PENSION FUND 0 579.652 579.652
**D CABLE & WIRELESS RETIREMENT PLAN 0 54.113 54.113
**D NEW ZEALAND SUPERANNUATION FUND 0 500.854 500.854
**D FORD MOTOR COMPANY DEFINED BENEFIT 0 193.940 193.940
**D STICHTING PENSIOENFONDS VAN DE METALEKTR 0 346.892 346.892
**D UNITED NATIONS RELIEF AND WORKS FOR PALESTINIAN REFUGEES IN THE NEAR EAST 0 57.936 57.936
**D COCA-COLA MASTER RETIREMENT TRUST 0 393.418 393.418
**D ELI LILLY RETIREMENT PLAN MASTER 0 445.474 445.474
**D ANDREW W. MELLON FOUNDATION 0 49.945 49.945
**D NORTHERN INSTIT FUNDS INT INDEX PF 0 274.634 274.634
**D MUNICIPAL EMP ANNUITY E BEN FD CHICA 0 263.245 263.245
**D INDIANA STATE TEACHERS RETIREMENT FD 0 484.109 484.109
**D QM COMMON DAILY WORLD INDEX FUND 0 470.646 470.646
**D SANDIA CORPORATION PENSIONS PLANS 0 163.036 163.036
**D AMERICAN HONDA MOTOR CO RETIREMENT 0 536.390 536.390
Page 3

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D BAYCARE SYSTEM MASTER CUSTODY POOL 0 490.323 490.323
**D BANNER HEALTH SYSTEM 0 1.251.583 1.251.583
**D BRANDES INVEST PARTNERS LP 401K 0 12.984 12.984
**D BAY CARE HEALTH SYSTEM GROUP INVEST. 0 13.789 13.789
**D CITY OF FRESNO RETIREMENT SYSTEM 0 312.853 312.853
**D CITY OF MILWAUKEE EMPLOY RETIREMENT 0 887.327 887.327
**D CHRISTIAN SCHOOL PENSION AND TRUST 0 234.556 234.556
**D EMPLOYEES RET FUND - CITY OF DALLAS 0 597.677 597.677
**D DANAHER CORPORATION RETIREMENT PLAN MASTER TRUST 0 373.514 373.514
**D FIREMANS ANNUITY AND BENEFITS FUND O 0 152.699 152.699
**D FORTUNE BRANDS,INC MASTER PENSION TR 0 504.935 504.935
**D HOUSTON POLICE OFFICERS PENS SYSTEM 0 1.017.901 1.017.901
**D ILLINOIS MUNICIPAL RETIREMENT FUND 0 881.700 881.700
**D HENRY J KAISER FAMILY FOUNDATION 0 16.310 16.310
**D CITY OF LOS ANGELES FIRE POLICE PLAN 0 705.573 705.573
**D MONTGOMERY COUNTY EMPLOYEES` RETIR 0 211.040 211.040
**D MEMPHIS GAS LIGHTEWATER RETIR.EPENSI 0 334.660 334.660
**D REFORM PENSION ROAD 0 47.614 47.614
**D SISTERS OF PROVIDENCE RETIRE. PLAN 0 63.615 63.615
**D SAN FRANCISCO CITY & COUN.RET.SYSTEM 0 1.230.163 1.230.163
**D UFCW LOCAL 152 RETAIL MEAT PENSION FD 0 93.351 93.351
**D VOLKSWAGEN US.INC.E.RETIREMENT PLAN 0 31.953 31.953
**D STICHTING BEDRIJFSPENSIOENFONDS VOOR 0 1.226.896 1.226.896
**D NICKEL 2005 TRUST NO.1 0 118.754 118.754
**D INTERNATIONAL EQUITY PARTNERS 0 140.313 140.313
**D HK MONETARY AUTHORITY 0 7.607.761 7.607.761
**D HONG KONG SPECIAL ADMIN EXCHANGE FD 0 1.841.727 1.841.727
**D HOSPITAL AUTHORITY PROVIDENT FUND S. 0 1.490.156 1.490.156
**D BRANDES INL`T EQUITY FUND 0 61.099 61.099
**D SANFORD TAFT-HARTLEY VALUE SERIES 0 202.335 202.335
**D NORTHERN TRUST NON-UCITS COMMON CONTRACT 0 18.428 18.428
**D ATD FAMILY LTD PARTNERSHIP DTD 0 1.860 1.860
**D GRIFFIN FAMILY TRUST 0 36.890 36.890
**D GRAHAM CAPITAL PARTNERSHIP I LP 0 29.914 29.914
**D LCL FAMILY LIMITED PARTNERSHIP 0 1.288 1.288
**D LAS OLAS EQUITY PARTNERS LP 0 50.287 50.287
**D LJR LIMITED PARTNERSHIP 0 402.604 402.604
**D MONDRIAN GLOBAL EQUITY FUND L.P. 0 505.011 505.011
**D LOR PIP INTERNATIONAL 0 293.383 293.383
**D THOMPSON & MURFF 0 21.347 21.347
**D MS FUND LP 0 1.413.796 1.413.796
**D WHD FAMILY LIMITED PARTNERSHIP 0 8.193 8.193
**D COMMON MONTHLY INTL EX-JAPAN EQUITY 0 207.969 207.969
Page 4

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D BRADLEY JR. TRUSTS MASTER INVESTMENT 0 279.826 279.826
**D JANE BRADLEY UIHLEIN INVESTMENT LLP 0 526.537 526.537
**D SANFORD BERNSTEIN DELAWARE BUSINESS 0 833.265 833.265
**D CENTRAL PROVIDENT FUND BOARD 0 220.385 220.385
**D NATIONAL COUNCIL FOR SOCIAL SEC FUND 0 272.393 272.393
**D FIFE COUNCIL PENSION FUND 0 681.370 681.370
**D TYNE AND WEAR PENSION FUND 0 1.555.473 1.555.473
**D THE TAYSIDE SUPERANNUATION FUND 0 7.426.543 7.426.543
**D INCOME TRUST: FIDELITY S GLOBAL EX US I 0 250.383 250.383
**D NORTHERN TRUST QUANTITATIVE FUND PLC 0 633.466 633.466
**D NORTHERN TRUST UNIT TRUST 0 3.032.777 3.032.777
**D NORTHERN TRUST ROBUSTA FUND 0 1.370.439 1.370.439
**D HSBC MM INTL VAUE EQUITY FUND 0 173.400 173.400
**D FORD OF CANADA MASTER TRUST FUND 0 330.418 330.418
**D CITY OF REGINA POLICE PENSION PLAN 0 104.925 104.925
**D CITY OF REGINA CIVIC SUPER BENEFIT 0 690.752 690.752
**D PENSION PLAN TRUST FUND 0 852.554 852.554
**D MICROSOFT GLOBAL FINANCE LIMITED 0 2.509.190 2.509.190
**D MICROSOFT GLOBAL FINANCE LIMITED 0 610.933 610.933
**D BLUE SKY GROUP 0 5.137.397 5.137.397
**D STICHTING INSTITUUT GAK 0 85.325 85.325
**D FUTURE FUND FOR BOARD OF GUARDIANS 0 3.934.335 3.934.335
**D ST ANDREWS LIFE ASSURANCE PLC 0 216.979 216.979
**D CLERICAL MED INVEST GROUP LIMITED 0 566.584 566.584
**D CLERICAL MEDICAL MANAGED FUNDS LTD 0 63.027 63.027
**D HALIFAX INTL INVEST ICVC EUROPEAN FD 0 1.710.855 1.710.855
**D STICHTING PENSIOENFONDS CSM NEDERL 0 31.212 31.212
**D STICHTING PENSIOENFONDS SAGITTARIUS 0 583.121 583.121
**D ANGLIAN WATER PENSION SCHEME 0 26.237 26.237
**D UBS FUND MANAGEMENT (SWITZERLAND) AG 0 1.919.754 1.919.754
**D UBS FUND MANAGEMENT (LUXEMBOURG) S.A. 0 36.606.214 36.606.214
**D UBS (LUX) EQUITY FUND - EURO COUNTRIES 0 14.407.864 14.407.864
**D UBS (LUX) KEY SELECTION SICAV 0 4.597.585 4.597.585
**D UBS (LUX) EQUITY SICAV 0 2.323 2.323
**D UBS (LUX) STRATEGY FUND 0 224.859 224.859
**D UBS FUND MANAGEMENT (LUXEMBOURG) S.A 0 123.020 123.020
**D UBS (LUX) STRATEGY XTRA SICAV 0 139.066 139.066
**D TRUST E CUSTODY SERVICES BANK LTD 0 7.473.919 7.473.919
**D ABU DHABI RETIREMENT PENSION FUND 0 564.567 564.567
**D SYNTRUS ACHMEA MULTI MANAGER POOL EUROPE 0 1.733.282 1.733.282
**D STICHTING PENSIOENFONDS CAMPINA 0 447.793 447.793
**D UNIVEST 0 3.710.099 3.710.099
**D THE MASTER TRUST BANK OF JAPAN, LTD AS TRUSTEE FOR MORGAN STANLEY DEVELOPED 0 14.769 14.769
Page 5

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D JAPAN TRUSTEE SERVICES BANK LTD AS TRUST 0 1.173.293 1.173.293
**D JPMORGAN DIVERSIFIED FUND 0 249.371 249.371
**D VINSON & ELKINS LLP RETIREMENT PLANS MAS 0 48.477 48.477
**D JPMORGAN INTERNATIONAL VALUE SMA FUND 0 2.810.688 2.810.688
**D MFS DIVERSIFIED TARGET RETURN FUND 0 20.823 20.823
**D SMA RELATIONSHIP TRUST-SERIES A 0 11.590 11.590
**D SCHRODER INTERNATIONAL DIVERSIFIED VALUE 0 6.271 6.271
**D WINDSTREAM MASTER TRUST 0 128.700 128.700
**D GENERAL CABLE CORPORATION MASTER RETIREM 0 32.000 32.000
**D PUBLIC EMPLOYEES RETIREMENT ASSOCIATION 0 1.487.029 1.487.029
**D COMMINGLED PENSION TRUST FUND (GLOBAL OP 0 609.757 609.757
**D PENN SERIES DEVELOPED INTERNATIONAL INDE 0 67.994 67.994
**D JPMORGAN INTERNATIONAL OPPORTUNITIES PLU 0 15.495 15.495
**D UBS MARKET NEUTRAL MULTI-STRATEGY FUND 0 8.433 8.433
**D DAVID E MOORE 0 48.282 48.282
**D THE CHASE MANHATTAN BANK 0 69.891 69.891
**D GRAND LODGE OF PENNSYLVANIA CONSOLIDATED 0 281.507 281.507
**D AXA-EB 510 0 84.351 84.351
**D JPMORGAN FUNDS EUROPE DYNAMIC SMALL CAP FUND 0 317.952 317.952
**D MORGAN STANLEY INVESTMENT FUNDS 0 253.609 253.609
**D JPMORGAN TOKYO FUND, FCP 0 2.811.070 2.811.070
**D JPMORGAN INVESTMENT FUNDS 0 4.371.473 4.371.473
**D JPMORGAN LIFE LIMITED 0 312.839 312.839
**D SCHRODER INTERNATIONAL SELECTION FUND 0 4.842.644 4.842.644
**D VANGUARD INVESTMENT SERIES, PLC 0 1.265.038 1.265.038
**D SCHRODER GLOBAL EQUITY FUND 0 668.468 668.468
**D SAS TRUSTEE CORPORATION 0 1.678.146 1.678.146
**D INTECH INTERNATIONAL SHARES HIGH OPPORTU 0 59.201 59.201
**D UBS GLOBAL ASSET MANAGEMENT LIFE LTD 0 2.569.277 2.569.277
**D UBS EUROPEAN EQUITY FUND 0 1.494.277 1.494.277
**D UBS DYNAMIC ALPHA STRATEGIES MASTER FUND 0 389.809 389.809
**D ROCKEFELLER & CO., INC 0 1.187.520 1.187.520
**D SAMPENSION INVEST AFDELING GLOBAL AKTIEN 0 732.202 732.202
**D BANKING & PAYMENTS AUTHORITY OF TIMOR-LE 0 187.181 187.181
**D QANTAS SUPERANNUATION PLAN 0 180.545 180.545
**D LABOR PENSION FUND SUPERVISORY COMMITTEE 0 103.354 103.354
**D LABOR PENSION FUND SUPERVISORY COMMITTEE-LABOR RETIREMENT FUND 0 98.395 98.395
**D LABOR PENSION FUND SUPERVISORY COMMITTEE 0 210.614 210.614
**D FUNDACAO CALOUSTE GULBENKIAN 0 1.007.020 1.007.020
**D AUSTRALIAN REWARD INVESTMENT ALLIANCE 0 576.591 576.591
**D SCHRODER GLOBAL DYNAMIC BLEND FUND 0 950.311 950.311
**D THE TRUSTEE FOR INTERNATIONAL EQUITIES S 0 214.940 214.940
**D VANGUARD INTERNATIONAL SHARE INDEX FUND 0 4.110.717 4.110.717
Page 6

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D THE MASTER TRUST BANK OF JAPAN, LTD. AS 0 70.012 70.012
**D JPMORGAN INTREPID INTERNATIONAL FUND 0 236.050 236.050
**D SCHRODER GLOBAL ACTIVE VALUE FUND 0 468.355 468.355
**D AMONIS NV 0 234.059 234.059
**D SCHRODER DIVERSIFIED GROWTH FUND 0 712.244 712.244
**D FAMANDSFORENINGEN PENSAM INVEST PSI 10 G 0 318.708 318.708
**D JPMORGAN INTERNATIONAL EQUITY INDEX FUND 0 2.176.583 2.176.583
**D COMMINGLED PENSION TRUST FUND (EAFE EQUI 0 1.716.843 1.716.843
**D COMMINGLED PENSION TRUST FUND (EAFE RESE 0 124.177 124.177
**D THE BOEING COMPANY EMPLOYEE RETIREMENT P 0 82.900 82.900
**D JPMORGAN INTERNATIONAL OPPORTUNITIES FUN 0 1.083.360 1.083.360
**D JPMORGAN INTERNATIONAL VALUE FUND 0 8.720.507 8.720.507
**D JP MORGAN CHASE RETIREMENT PLAN 0 2.138.778 2.138.778
**D T ROWE PRICE INTERNATIONAL INDEX FUND, I 0 572.822 572.822
**D VANTAGEPOINT OVERSEAS EQUITY INDEX FUND 0 246.005 246.005
**D NVIT MULTI-MANAGER INTERNATIONAL VALUE F 0 1.266.938 1.266.938
**D COMMINGLED PENSION TRUST FUND (INTERNATI 0 1.001.019 1.001.019
**D UBS DYNAMIC ALPHA FUND 0 231.648 231.648
**D COMMINGLED INTREPID INTL JPMORGAN CHASE 0 259.084 259.084
**D SBC MASTER PENSION TRUST 0 491.774 491.774
**D TEACHERS RETIREMENT SYSTEM OF OKLAHOMA 0 3.097.087 3.097.087
**D JP MORGAN CHASE 401(K) SAVINGS PLAN 0 1.690.684 1.690.684
**D NEW YORK STATE COMMON RETIREMENT FUND 0 391.389 391.389
**D JNL/MELLON CAPITAL MANAGEMENT INTERNATIO 0 1.471.058 1.471.058
**D JNL/JPMORGAN INTERNATIONAL VALUE FUND 0 2.910.649 2.910.649
**D THE BOEING COMPANY EMPLOYEE RETIREMENT P 0 689.923 689.923
**D WASHINGTON STATE INVESTMENT BOARD 0 6.467.557 6.467.557
**D EMPLOYEES RETIREMENT SYSTEM OF TEXAS. 0 2.467.192 2.467.192
**D STATE OF WYOMING, WYOMING STATE TREASURE 0 525.687 525.687
**D FRANKLIN TEMPLETON INVESTMENT FUNDS 0 267.591 267.591
**D GOLDMAN SACHS TRUST - GOLDMAN SACHS INTE 0 113.009 113.009
**D GOLDMAN SACHS TRUST- GOLDMAN SACHS INTER 0 593.429 593.429
**D GOLDMAN SACHS VARIABLE INSURANCE TRUST- 0 1.683.952 1.683.952
**D GOLDMAN SACHS TRUST-GOLDMAN SACHS CONCEN 0 1.472.893 1.472.893
**D GOLDMAN SACHS TRUST - GOLDMAN SACHS STRUCTURED INTERNATIONAL TAX-MANAGED EQUITY 0 2.473.573 2.473.573
**D SCHRODER QEP GLOBAL ACTIVE VALUE FUND 0 1.126.916 1.126.916
**D SCHRODER QEP GLOBAL CORE FUND 0 672.019 672.019
**D THE MASTER TRUST BANK OF JAPAN LTD AS TRUSTEE FOR MUTB400045794 11-3 0 13.226.807 13.226.807
**D THE MASTER TRUST BANK OF JAPAN LTD AS TRUSTEE FOR MUTB400045795 11 3 0 13.156.856 13.156.856
**D JPMORGAN FUND ICVC - JPM INSTITUTIONAL C 0 52.914 52.914
**D THE MASTER TRUST BANK OF JAPAN LTD AS TRUSTEE FOT MTBJ400045825 0 2.088.581 2.088.581
**D THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FO FOR MTBJ400045826 0 4.649.673 4.649.673
**D THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FOR MTBJ400045827 0 2.225.207 2.225.207
Page 7

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D FAMANDSFORENINGEN PENSAM INVEST PSI 31 E 0 386.042 386.042
**D JOHN LEWIS PARTNERSHIP PENSIONS TRUST AS 0 171.365 171.365
**D TAMESIDE MBC RE GREATER MANCHESTER PENSI 0 11.332.663 11.332.663
**D PLUMBING & MECHANICAL SERVICES (UK) INDU 0 29.045 29.045
**D PRUDENTIAL STAFF PENSIONS LIMITED AS TRUSTEE 0 142.970 142.970
**D ELKARKIDETZA EPSV 0 545.586 545.586
**D ASTRAZENECA PENSIONS TRUSTEE LIMITED AS 0 235.768 235.768
**D VANGUARD TOTAL INTERNATIONAL STOCK INDEX 0 40.262.142 40.262.142
**D VANGUARD FIDUCIARY TRUST COMPANY EUROPEA 0 773.809 773.809
**D AXA IRELAND PENSION FUND 0 420.000 420.000
**D RT TORONTO POOLED CLIENTS A/C 0 35.072 35.072
**D MANULIFE INTERNATIONAL EQUITY INDEX FUND 0 139.246 139.246
**D MANULIFE INTERNATIONAL EQUITY (83) 0 542.637 542.637
**D MAPLE BROWN ABBOTT INTL EQUITY TRUST 0 123.662 123.662
**D LONDON LIFE INSURANCE COMPANY 0 546.772 546.772
**D CCEL GLOBAL FINANCIALS FUND II 0 193.128 193.128
**D REGIME DE RETRAITE D HYDRO QUEBEC 0 301.600 301.600
**D THE GREAT-WEST LIFE ASSURANCE COMPAN 0 465.323 465.323
**D GENERAL MOTORS CANADA FOREIGN TRUST 0 337.980 337.980
**D GENERAL MOTORS CANADA DOMESTIC TRUST 0 94.454 94.454
**D CANADA POST CORPORATION PENSION PLAN 0 9.520.805 9.520.805
**D AURION INTERNATIONAL DAILY EQUITY FD 0 287.661 287.661
**D BRITISH COLUMBIA INV.MAN.CORPORATION 0 11.672.283 11.672.283
**D PROV NOVA SCOTIA PUBLIC SERV SUPERANN FD 0 82.895 82.895
**D NOVA SCOTIA TEACHERS PENSION FUND 0 101.778 101.778
**D PETRO CANADA PENS PLAN MASTER TRUST FUND 0 141.200 141.200
**D NOVA SCOTIA ASSOC OF HEALTH ORG PENS PL 0 337.040 337.040
**D ABR POLICIERS DE LA VILLE MONTREAL 0 306.353 306.353
**D FONDATION J.A. BOMBARDIER 0 49.536 49.536
**D BELL ALIANT REGIONAL COMMUNICATIONS INC 0 248.523 248.523
**D UNIVERSE THE CMI GLOBAL NETWORK FUND 0 7.772.316 7.772.316
**D ALBERTA TEACHERS RETIREMENT FUND BRD 0 972.623 972.623
**D GARTMORE EUROPEAN SELECTED OPPORTUNI 0 4.844.390 4.844.390
**D HSBC EUROPEAN INDEX FUND 0 826.684 826.684
**D HSBC INVESTMENT FUNDS (UK) LIMITED 0 281.228 281.228
**D NUCLEAR LIABILITIES FUND LIMITED 0 470.364 470.364
**D AXA FRAMLINGTON EUROPEAN FUND 0 259.373 259.373
**D AXA FRAMLINGTON GLOBAL OPPORTUNITIES 0 2.000.000 2.000.000
**D HSBC ETFS PUBLIC LIMITED COMPANY 0 740.513 740.513
**D 1199 HEALTHCARE EMPLOYEES PENSION TRUST 0 2.205.001 2.205.001
**D ORGANISATION EUROPEENNE DE RECHERCHE NUCLEAIRE CERN (CAISSE DE PENSION) 0 188.231 188.231
**D UNILEVER UK PENSION FUND 0 31.740 31.740
**D HSS (LUX) 0 3.170.560 3.170.560
Page 8

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D JPMORGAN FUND ICVC - JPM GLOBAL EQUITY I 0 899.396 899.396
**D COMMINGLED PENSION TRUST FUND (EAFE PLUS 0 5.692.930 5.692.930
**D UNION CARBIDE EMPLOYEES` PENSION PLAN 0 109.717 109.717
**D BAYLOR COLLEGE OF MEDICINE 0 38.182 38.182
**D BOILERMAKER BLACKSMITH NATIONAL PENSION 0 997.547 997.547
**D UNITED FOOD & COMM WORKERS UNIONS 0 96.071 96.071
**D JPMORGAN INTERNATIONAL EQUITY FUND 0 1.776.973 1.776.973
**D PUBLIC EDUCATION RET SYSTEM MISSOURI 0 24.699 24.699
**D PUBLIC SCHOOL RET SYSTEM OF MISSOURI 0 290.753 290.753
**D BOILERMAKERS NATIONAL ANNUITY TRUST 0 137.451 137.451
**D DWS INTERNATIONAL FUND 0 4.862.226 4.862.226
**D DWS VARIABLE SERIES I - DWS INTERNATIONA 0 1.351.519 1.351.519
**D SUPERANNUATION FUNDS MANAGEMENT CORPORAT 0 1.583.365 1.583.365
**D ING SUSTAINABLE INVESTMENTS - WHOLESALE 0 19.566 19.566
**D MUNICIPAL GRATUITY FUND 0 47.423 47.423
**D JPM MULTI-ASSET INCOME FUND 0 114.821 114.821
**D DOW EMPLOYEES PENSION PLAN TRUST 0 578.292 578.292
**D THE ONEIDA TRIBE OF INDIANS OF WISCONSIN 0 13.540 13.540
**D SIERRA/ TEMPLETON INTERNATIONAL EQUITY T 0 502.642 502.642
**D JPMORGAN INCOME BUILDER FUND 0 1.750.346 1.750.346
**D PUBLIC EMPLOYEES RETIREMENT ASSOCIATION 0 277.929 277.929
**D JEFFREY LLC 0 264.778 264.778
**D AUSTRALIAN REWARD INVESTMENT ALLIANCE 0 215.881 215.881
**D UBS (LUX) SICAV 3 0 405.420 405.420
**D RBC DEXIA INVESTOR SVCS BK FR 0 2.116.375 2.116.375
**D HTHK AS TRUSTEE OF MANULIFE EUROPEAN EQUITY FUND HSBC INSTITUTIONAL TRUST SERVICES ASIA LTD 0 3.104.267 3.104.267
**D SCUDDER VARIABLE SERIES II - SCUDDER INTERNATIOL SELECT PORTFOLIO 0 2.078 2.078
**D MORGAN GRENFELL INTERNATIONAL SELECT EQUITY FUND 0 2.122 2.122
**D ASST. VICE PRESIDENT ATTN JAMES MCNALLY, BROWN BROTHERS HARRIMAN CO. 0 1.648.238 1.648.238
**D THE MASTER TRUST BANK OF JAPAN LTD., RE JPM KOKUSAI DYNAMIC MOTHER FUN D 0 114.355 114.355
**D THE MASTER TRUST BANK OF JAPAN LTD., RE NISSAY PANAGORA FRN EQU IND M F 0 22.974 22.974
**D THE MASTER TRUST BANK OF JAPAN LTD., RE GLOBAL EQUITIES INDEX MOTHER F UND 0 554.581 554.581
**D SCHRODER GAIA 0 9.592 9.592
**D THE MASTER TRUST BANK OF JAPAN LTD., RE JPM KOKUSAI DYNAMIC MOTHER FUN D II 0 95.686 95.686
**D ADVISOR MANAGED TRUST-TACTICAL OFFENSIVE EQUITY FUND 0 552.915 552.915
**D GARTMORE EUROPEAN INVESTMENT PLC 0 407.440 407.440
**D HSBC INSTITUTIONAL TRUST SERVICES (IRELAND) LTD RE HSBC MSCI WORLD ETF 0 87.126 87.126
**D JPMORGAN GLOBAL EQUITY INCOME FUND 0 13.229 13.229
**D JPMORGAN INTERNATIONAL EQUITY FUND, LLC 0 322.831 322.831
**D JPMORGAN INSURANCE TRUST INTERNATIONAL EQUITY PORTFOLIO 0 63.199 63.199
**D SWISS REINSURANCE COMPANY LTD 0 1.503.729 1.503.729
**D UNIVERSITY OF PUERTO RICO RETIREMENTS YSTEM 0 79.995 79.995
**D BLACKROCK AUSTRALIA LTD AS RESPONSIBLE E 0 909.745 909.745
Page 9

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D JPM FLEMING FUND ICVC GL FINANCIAL F 0 1.202.000 1.202.000
**D THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FOR MTBJ400045824 0 1.365.233 1.365.233
**D VOUGHT AIRCRAFT INDUSTRIES,INC MASTER DEFINED BENEFIT TRUST 0 400.197 400.197
**D THE MARATHON LONDON GROUP TRUST FOR EMPLOYEE BENEFIT PLANS 0 6.336.272 6.336.272
**D M-L INTERNATIONAL INVESTMENT FUND 0 737.148 737.148
**D THE MARATHON-LONDON GLOBAL INVESTMENT TRUST 0 2.212.701 2.212.701
**D THE MARATHON-LONDON GLOBAL INVESTMENT TRUST I 0 136.703 136.703
**D SL MFS INTERNATIONAL VALUE FD, SUN LIFE GLB INVESTMENTS (CAD)INC. 0 4.258 4.258
**D CANADIAN UTILITIES LIMITED 0 145.100 145.100
**D CADMOS FUND MANAGEMENT-GUILE EMERGING MARKETS ENGAGEMENT FUND 0 150.000 150.000
**D SUN TRUST BRANDES SUN TRUST BANKS 0 250.255 250.255
**D THE NORTHWESTERN MUTUAL LIFE INS.COMPANY GASA EQUITY 0 273.141 273.141
**D METROPOLE BO EUROPE 0 600.000 600.000
**D THE NORTHWESTERN MUTUAL LIFE INS.COMPANY FOREIGN EQUITY 0 844.588 844.588
**D NORTHWESTERN MUTUAL SERIES FUND INC INT. GROWTH PORTFOLIO 0 922.591 922.591
**D NATIXIS AM 0 2.229.125 2.229.125
**D METROPOLE GESTION 0 27.350.000 27.350.000
**D AXA INVESTMENT MANAGERS PARIS 0 538.915 538.915
**D PICTET INTERNATIONAL EQUITY FUND LLC 0 2.024.081 2.024.081
**D METROPOLE DIVERSIFIE METROPOLEGESTION 0 2.000.000 2.000.000
**D JANUS CAPITAL FUND PLC JANUS EUROPEAN RESEARCH FUND 0 45.783 45.783
**D METROPOLE NEW EUROPEAN COUNTRIES SGBT LUXEMBOURG 0 390.000 390.000
**D JRJ INVESTMENT FUND, LTD/BRANDES 0 7.800 7.800
**D CALVERT CTY VOL FIRE RESCUE 0 13.337 13.337
**D BRANDES INVESTMENT 0 22.871 22.871
**D STANLIB FUNDS LIMITED 0 84.547 84.547
**D RBS AS DEP OF FIRST STATE INVESTMENTS ICVC 0 26.845 26.845
**D COLONIAL FIRST STATE INVESTEMENT LIMITED 0 861.265 861.265
**D PTC PRINCIPAL INT`L EQUITY FUND 0 278.372 278.372
**D PRINCIPAL LIFE INSURANCE COMPANY 0 4.519.768 4.519.768
**D IRISH LIFE ASSURANCE 0 16.437.851 16.437.851
**D LEGAL AND GENERAL ASSURANCE PENSIONS MANAGEMENT LIMITED 0 7.886.793 7.886.793
**D GOLDMAN SACHS GLOBAL FUNDAMENTAL 0 68.358 68.358
**D LAZARD ASSET MANAGEMENT LTD. 0 107.970.067 107.970.067
**D AXAIM MPF EUROPEAN EQUITY FUND 0 265.000 265.000
**D STICHTING MN SERVICES EUROPE EX UK EQUITY FUND 0 117.475 117.475
**D STICHTING PENSIOENFONDS METAAL EN TECHNIEK 0 1.923.286 1.923.286
**D PACIFIC LIFE FUNDS-PL INTERNATIONAL VALUE FUND 0 390.359 390.359
**D COMMONWEALTH BANK OFFICERS SUPERANNUATION CORPORATION PTY LTD 0 258.122 258.122
**D STICHTING MN SERVICES AANDELENFONDS EUROPA 0 324.900 324.900
**D STICHTING MN SERVICES AANDELENSFONDS EUROPA III 0 36.737 36.737
**D WILSHIRE VARIABLE INSURANCE TRUST-INTERNATIONAL EQUITY FUND 0 26.743 26.743
**D ADVANCED SERIES TRUST - AST JP MORGAN INTERNATIONAL EQUITY PORTFOLIO 0 974.586 974.586
Page 10

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D NTUC INCOME INSURANCE COOPERATIVE LIMITED 0 66.682 66.682
**D AGF FUNDS INC 0 297.665 297.665
**D CHUNGHWA POST CO LTD 0 557.133 557.133
**D COLONIAL FIRST STATE INVESTMENTS LIMITED 0 899.155 899.155
**D JAPAN TRUSTEE SERVICE BANK CO. LTD 0 1.292.351 1.292.351
**D PRINCIPAL INSURANCE COMPANY LIMITED 0 131.835 131.835
**D AEGON CUSTODY BV INZAKE AEGON BASISFONDS AANDELEN EUROPA 0 1.592.415 1.592.415
**D AEGON CUSTODY B.V. 0 6.002.835 6.002.835
**D HEALTHCARE FOUNDATION OF NEW JERSEY (THE) 0 52.077 52.077
**D MORRIS & GWENDOLYN CAFRITZ FOUNDATION 0 47.590 47.590
**D VIA CHRISTI HEALTH SYSTEM INC. 0 72.204 72.204
**D NOVARTIS CORPORATION PENSION MASTER TRUST 0 708.135 708.135
**D TEACHERS` RETIREMENT SYSTEM OF THE STATE OF ILLINOIS 0 1.028.726 1.028.726
**D HIRTLE CALLAGHAN TRUST INTERNATIONAL EQUITY PORTFOLIO 0 2.756.250 2.756.250
**D HIRTLE CALLAGHAN INSTITUTIONAL INTERNATIONAL EQUITY PTF 0 4.006.200 4.006.200
**D LONZA AMERICA INC MASTER RETIREMENT TRUST 0 47.955 47.955
**D ARKWRIGHT, LLC 0 59.123 59.123
**D EXLEY MANAGEMENT SERVICES LLC 0 11.500 11.500
**D FIDELITY RUTLAND SQUARETRUST II: STRATEGIC ADVISERS INT F 0 4.696.522 4.696.522
**D LONDON BOROUGH OF BARKING & DAGENHAM SUPERANNUATION FUND 0 489.621 489.621
**D RUSSELL INVESTMENT COMPANY II PLC 0 3.202.681 3.202.681
**D JOHN HANCOCK TRUST INTERNATIONAL EQUITY INDEX TRUST B 0 300.357 300.357
**D JOHN HANCOCK TRUST INTERNATIONAL EQUITY INDEX TRUST A 0 284.712 284.712
**D JOHN HANCOCK FUNDS II INTERNATIONAL EQUITY INDEX FUND 0 388.959 388.959
**D MANAGED PENSION FUNDS LIMITED 0 19.844.991 19.844.991
**D CAVENHAM GLOBAL EQUITIES 0 643.456 643.456
**D JOHN HANCOCK TRUST INTERNATIONAL INDEX TRUST 0 2.516.990 2.516.990
**D PUTNAM VARIABLE TRUST - PUTNAM VT GLOBAL ASSET ALLOCATION F 0 71.720 71.720
**D PUTNAM ASSET ALLOCATION FUNDS - GROWTH PORTFOLIO 0 739.692 739.692
**D PUTNAM ASSET ALLOCATION FUNDS - BALANCED PORTFOLIO 0 395.108 395.108
**D PUTNAM ASSET ALLOCATION FUNDS - CONSERVATIVE PORTFOLIO 0 187.337 187.337
**D PUTNAM FIDUCIARY TRUST COMPANY 0 578.593 578.593
**D PUTNAM RETIREMENT ADVANTAGE GAA GROWTH PORTFOLIO 0 90.003 90.003
**D PUTNAM RETIREMENT ADVANTAGE GAA BALANCE PORTFOLIO 0 56.872 56.872
**D PUTNAM RETIREMENT ADVANTAGE GAA CONSERVATIVE PORTFOLIO 0 9.581 9.581
**D PUTNAM RETIREMENT ADVANTAGE GAA EQUITY PORTFOLIO 0 21.358 21.358
**D PUTNAM TOTAL RETURN FUND, LLC 0 88.463 88.463
**D THE STATE OF NEVADA 0 51.507 51.507
**D PUTNAM ASSET ALLOCATION: EQUITY PORTFOLIO 0 21.018 21.018
**D THE HEALTH FOUNDATION 0 461.569 461.569
**D JOHNSON & JOHNSON UK GROUP RETIREMENT PLAN 0 133.454 133.454
**D THE UCI FOUNDATION 0 16.656 16.656
**D GLOBAL OPPORTUNITIES CANADA FUND 0 488.178 488.178
Page 11

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D SSM HEALTH CARE PORTFOLIO MANAGEMENT COMPANY 0 349.321 349.321
**D COHEN & STEERS GLOBAL INCOME BUILDER, INC. 0 202.860 202.860
**D MFS HERITAGE TRUST COMPANY COLLECTIVE INVESTMENT TRUST 0 181.168 181.168
**D AMERICAN AIRLINES INC., MASTER FIXED BENEFIT PENSION TRUST 0 4.324.077 4.324.077
**D ALLIANCEBERNSTEIN COLLECTIVE INVESTMENT TRUST SERIES 0 80.835 80.835
**D JOHN HANCOCK LIFE AND HEALTH INSURANCE COMPANY 0 429.744 429.744
**D DODGE & COX INTERNATIONAL STOCK FUND 0 295.864.430 295.864.430
**D DODGE + COX GLOBAL STOCK FUND 0 8.182.333 8.182.333
**D METROPOLITAN LIFE INSURANCE COMPANY 0 370.648 370.648
**D BRUNSWICK UNIT 1 QUALIFIED NUCLEAR DECOMMISSIONING FUND 0 34.297 34.297
**D HARRIS UNIT 1 QUALIFIED NUCLEAR DECOMMISSIONING FUND 0 26.044 26.044
**D BRUNSWICK UNIT 2 QUALIFIED NUCLEAR DECOMMISSIONING FUND 0 35.323 35.323
**D ROBINSON UNIT 2 QUALIFIED NUCLEAR DECOMMISSIONING FUND 0 47.475 47.475
**D THE MASTER TRUST BK OF JP LTD: HITACHI FOREIGN EQ INDEX MF 0 468.803 468.803
**D GOVERNMENT OF THE REPUBLIC OF SINGAPORE . 0 105.954 105.954
**D PENSION FUND OF SUMITOMO MITSUI BANKING CORPORATION 0 95.352 95.352
**D GENERAL MOTORS HOURLY-RATE EMPLOYEES PENSION TRUST 0 666.897 666.897
**D GENERAL MOTORS SALARIED EMPLOYEES PENSION TRUST 0 485.506 485.506
**D GMAM INVESTMENT FUNDS TRUST 0 981.826 981.826
**D BAE MASTER PENSION INVESTMENT TRUST 0 2.067.603 2.067.603
**D ESG MANAGERS GROWTH PORTFOLIO 0 620 620
**D ESG MANAGERS MODERATE PORTFOLIO 0 516 516
**D ESG MANAGERS CONSERVATIVE PORTFOLIO 0 292 292
**D ESG MANAGERS AGGRESSIVE GROWTH PORTFOLIO 0 397 397
**D ARIZONA STATE RETIREMENT SYSTEM 0 944.231 944.231
**D ARIZONA STATE RETIREMENT SYSTEM 0 91.177 91.177
**D SACRAMENTO REGIONAL TRANSIT DISTRICT 0 25.694 25.694
**D PRINCIPAL GLOBAL INVESTORS COLLECTIVE INVESTMENT TRUST 0 366.948 366.948
**D ENERGY INSURANCE MUTUAL LIMITED 0 214.122 214.122
**D ORG FOR SMALL&MEDIUM ENTERPRISES AND REGIONAL INNOVATION 0 1.300.892 1.300.892
**D JAPAN TRUSTEE SERV BK LTD ATF GLB FIN EQ F LTD SUBSCR PERIOD 0 42.716 42.716
**D JAPAN TRUSTEE SERV BK LTD ATF CMA SHINKO FINANCIAL EQ MF 0 31.734 31.734
**D ORG FOR SMALL&MEDIUM ENTERPRISES AND REGIONAL INNOVATION 0 1.058.952 1.058.952
**D GENERAL CONFERENCE CORPORATION OF SEVENTH DAY ADVENTISTS 0 19.619 19.619
**D AXA ROSENBERG EQUITY ALPHA TRUST 0 120.000 120.000
**D UNITED TECHNOLOGIES CORPORATION EMPLOYEE SAVINGS PLAN 0 540.422 540.422
**D AMERICAN HEART ASSOCIATION 0 27.379 27.379
**D ELLEN MORRIS FAMILY NOMINEE AGREEMENT A 0 1.940 1.940
**D ROBERT J. MORRIS TRUST 0 634 634
**D PACE INTERNATIONAL EQUITY INVESTMENTS . 0 692.801 692.801
**D CALVERT VP EAFE INTERNATIONAL INDEX PORTFOLIO 0 228.027 228.027
**D DODGE + COX WORLDWIDE FUNDS PLC 0 848.050 848.050
**D AMERICAN BEACON INTERNATIONAL EQUITY FUND 0 3.023.896 3.023.896
Page 12

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D THE PREMIER TRUST FUND FOR QUALIFIED EMPLOYEE BENEFIT PLANS 0 114.573 114.573
**D FEDEX CORPORATION EMPLOYEES PENSION TRUST 0 267.918 267.918
**D MARQUIS INSTITUTIONAL GLOBAL EQUITY PORTFOLIO 0 59.625 59.625
**D MARQUIS INSTITUTIONAL GLOBAL EQUITY PORTFOLIO 0 126.333 126.333
**D TIFF INTERNATIONAL EQUITY FUND 0 57.975 57.975
**D TIFF INVESTMENT PROGRAM, INC - TIFF MULTI-ASSET FUND 0 1.162.275 1.162.275
**D INSURANCE CORPORATION OF BRITISH COLUMBIA 0 345.989 345.989
**D ING DIRECT STREETWISE BALANCED INCOME FUND 0 11.027 11.027
**D ING DIRECT STREETWISE BALANCED FUND 0 47.272 47.272
**D ING DIRECT STREETWISE BALANCED GROWTH FUND 0 64.036 64.036
**D STATE FARM MUTUAL FUND TRUST, INTERNATIONAL INDEX FUND 0 257.555 257.555
**D REED ELSEVIER US RETIREMENT PLAN 0 139.916 139.916
**D JOHNSON & JOHNSON PENSION & SAVINGS PLANS MASTER TRUST 0 604.503 604.503
**D MULTI-STYLE, MULTI-MANAGER FUNDS PLC 0 4.475.405 4.475.405
**D ANCHOR SERIES TRUST STRATEGIC MULTI-ASSET PORTFOLIO 0 3.193 3.193
**D SUNAMERICA SERIES TRUST FOREIGN VALUE PORTFOLIO 0 2.842.964 2.842.964
**D SEASONS SERIES TRUST ASSET ALLOCATION:DIVERSIFIED GROWTH PTF 0 112.436 112.436
**D SEASONS SERIES TRUST INTERNATIONAL EQUITY PORTFOLIO 0 459.070 459.070
**D ORANGE COUNTY EMPLOYEES RETIREMENT SYSTEM 0 252.224 252.224
**D CITY OF PHILADELPHIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0 352.048 352.048
**D DWS LIFECYCLE LONG RANGE FUND 0 146.319 146.319
**D DWS BALANCED VIP 0 144.623 144.623
**D DWS BALANCED FUND 0 553.259 553.259
**D DWS EAFE EQUITY INDEX FUND 0 19.333 19.333
**D MULTI-MANAGER ICVC - MULTI-MANGER INTERNATIONAL EQUITY FUND 0 527.531 527.531
**D KBR UK COMMON INVESTMENT FUND 0 636.248 636.248
**D LEGG MASON FUNDS ICVC - LEGG MASON CONTINENTAL EUROPEAN EQ F 0 26.506 26.506
**D RUSSELL INTERNATIONAL SHARES TRACKER FUND . 0 387.732 387.732
**D MARYLAND STATE RETIREMENT & PENSION SYSTEM 0 3.941.115 3.941.115
**D MARATHON GLOBAL FUND : GLOBAL EQUITY FUND 0 893.456 893.456
**D MARATHON NEW GLOBAL FUND PLC 0 3.056.500 3.056.500
**D MARATHON GLOBAL FUND: INTERNATIONAL EQUITY FUND 0 579.763 579.763
**D MD INTERNATIONAL VALUE FUND 0 621.937 621.937
**D MGI INTERNATIONAL EQUITY FUND 0 125.520 125.520
**D JANUS OVERSEAS FUND 0 127.766.657 127.766.657
**D JANUS ASPEN SERIES OVERSEAS PORTFOLIO 0 15.265.827 15.265.827
**D JANUS ADVISER INTERNATIONAL EQUITY FUND 0 814.063 814.063
**D CAUSEWAY INTERNATIONAL VALUE GROUP TRUST 0 2.100.961 2.100.961
**D CAUSEWAY INTERNATIONAL OPPORTUNITIES GROUP TRUST 0 487.861 487.861
**D NORTHROP GRUMMAN CORPORATION VEBA MASTER TRUST I 0 30.314 30.314
**D CANADA PENSION PLAN INVESTMENT BOARD . 0 20.749.195 20.749.195
**D BRANDES CANADA INTERNATIONAL EQUITY UNIT TRUST 0 1.283.300 1.283.300
**D OHIO POLICE AND FIRE PENSION FUND 0 4.460.171 4.460.171
Page 13

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D NEWPORT NEWS EMPLOYEE RETIREMENT FUND 0 18.625 18.625
**D COSMOPOLITAN INVESTMENT FUND 0 10.081 10.081
**D PAX MSCI EAFE ESG INDEX ETF 0 8.132 8.132
**D PUTNAM WORLD TRUST II 0 29.144 29.144
**D TAM INTERNATIONAL EQUITY TRUST 0 132.037 132.037
**D WESTPAC STAFF SUPERANNUATION PLAN 0 6.500 6.500
**D SSGA GLOBAL INDEX PLUS NL TRUST 0 663.330 663.330
**D SSGA WEALTH WEIGHTED GLOBAL EQUITIES INDEX NL TRUST 0 349.164 349.164
**D WESTPAC INTERNATIONAL SHARE INDEX TRUST 0 930.991 930.991
**D SSGA INTERNATIONAL EQUITIES INDEX NL TRUST 0 203.974 203.974
**D RETIREMENT AND SECY PROGRAM FOR EMPL/NTCA AND MEMBERS SYS 0 86.951 86.951
**D ALASKA COMMON TRUST FUND 0 253.193 253.193
**D BNY MELLON TR DEP LTD ATF ST JAMES`S PL STRAT MANAG UNIT TR 0 3.855.685 3.855.685
**D MINISTRY OF STRATEGY AND FINANCE 0 595.985 595.985
**D HONG KONG HOUSING SOCIETY 0 385.304 385.304
**D GOV OF HM THE SULTAN AND YANG DI-PERTUAN OF BRUNEI DARUSSALAM 0 768.017 768.017
**D HONG KONG HOUSING AUTHORITY 0 137.939 137.939
**D FLOURISH INVESTMENT CORPORATION 0 3.343.394 3.343.394
**D HOME AFFAIRS UNIFORMED SERVICES (INVEST FUND) 0 14.700 14.700
**D MINISTRY OF STRATEGY AND FINANCE 0 209.544 209.544
**D DEUTSCHE DBI GLOBAL SHARES FUND 0 49.065 49.065
**D BIMCOR OVERSEAS POOLED FUND 0 677.673 677.673
**D WORKERS COMPENSATION INSURANCE FUND 0 160.409 160.409
**D WUT47 0 57.095 57.095
**D SSGA MSCI ACWI EX-USA INDEX NON-LENDING DAILY TRUST 0 239.080 239.080
**D SUPERVALU INC. MASTER INVESTMENT TRUST 0 35.338 35.338
**D CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0 56.300.152 56.300.152
**D CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0 12.303.519 12.303.519
**D TEACHER RETIREMENT SYSTEM OF TEXAS 0 498.039 498.039
**D BAERUM KOMMUNE 0 110.168 110.168
**D STATE STREET TRUSTEES LIMITED ATF MARATHON EXEMPT FUND 0 132.889 132.889
**D UAW RETIREE MEDICAL BENEFITS TRUST 0 474.429 474.429
**D UAW RETIREE MEDICAL BENEFITS TRUST 0 3.328.043 3.328.043
**D VANGUARD INV F ICVC- FTSE DEV WOR LD EX - U.K. EQ INDEX F 0 402.168 402.168
**D VANGUARD INV F ICVC-VANGUARD FTSE DEV EUROPE EX-UK EQ INDEX F 0 275.542 275.542
**D BILL AND MELINDA GATES FOUNDATION TRUST 0 296.797 296.797
**D WELLS FARGOMASTER TRUST DIVERSIFIED STOCK PORTFOLIO 0 1.176.933 1.176.933
**D WELLS FARGO MASTER TRUST INTERNATIONAL INDEX PORTFOLIO 0 34.858 34.858
**D WORKERS` COMPENSATION REINSURANCE ASSOCIATION 0 121.026 121.026
**D WILMINGTON TRUST RETIREMENT AND INST SER CO COLLECTIVE INV TR 0 340.515 340.515
**D WSIB INVESTMENTS (PUBLIC EQUITIES) POOLED FUND TRUST 0 2.533.647 2.533.647
**D SCOTTISH WIDOWS PLC 0 8.921.742 8.921.742
**D PRUDENTIAL RETIREMENT INSURANCE & ANNUITY COMPANY 0 3.552.433 3.552.433
Page 14

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D MANULIFE ASSET MANAGEMENT INTERNATIONAL EQUITY INDEX POOLED F 0 81.215 81.215
**D EUROPE ALPHA COMMON TRUST FUND 0 173.752 173.752
**D SS BK AND TRUST COMPANY INV FUNDS FOR TAXEXEMPT RETIREMENT PL 0 44.093.944 44.093.944
**D SSGA MSCI EUROPE SCREENED INDEX NON-LENDING COMMON TRUST FUND 0 268.544 268.544
**D MSCI EAFE PROV SCREENED INDEX NON - LENDING COMMON TR FUND 0 226.489 226.489
**D GLOBAL ADVANTAGE FUNDS - MAJOR MARKETS TEILFONDS 0 3.124.943 3.124.943
**D AXA WORLD FUND 0 6.161.444 6.161.444
**D AXA WORLD FUNDS II-CONTINENTAL EUROPEAN OPP EQUITIES 0 671.329 671.329
**D AXA NEDERLAND (LUXEMBOURG) 0 14.306 14.306
**D UNIVERSAL SHIPOWNERS MARINE INS ASS LTD EQUITY CLASS 3 0 80.179 80.179
**D GOLDMAN SACHS FUNDS 0 3.496.123 3.496.123
**D GOLDMAN SACHS FUNDS II 0 361.920 361.920
**D MFS MERIDIAN FUNDS - EUROPEAN VALUE FUND 0 1.701.699 1.701.699
**D MARCH FUND 0 93.667 93.667
**D CITY OF SAN JOSE POLICE & FIRE DEPARTMENT RETIREMENT PLAN 0 238.930 238.930
**D TEACHERS` RETIREMENT SYSTEM OF THE STATE OF ILLINOIS 0 2.032.412 2.032.412
**D CENTRAL PENSION F OF INT UNION OF OPERAT & PART EMPL 0 1.013.521 1.013.521
**D HARBOR CAPITAL GROUP TRUST FOR DEFINED BENEFIT PLANS 0 259.390 259.390
**D KAISER PERMANENTE MASTER TRUST 0 627.983 627.983
**D M FUND BRANDES INTERNATIONAL EQUITY FUND 0 492.500 492.500
**D THE CIVIL SERVICE SUPERANNUATION FUND 0 168.105 168.105
**D BP PENSION FUND 0 6.126.295 6.126.295
**D WELLS FARGO INTRINSIC WORLD EQUITY FUND 0 470.000 470.000
**D BRANDES INSTITUTIONAL INTERNATIONAL EQUITY FUND 0 1.379.157 1.379.157
**D BLACKROCK INST TRUST CO N.A. INV FUNDSFOR EMPL BENEFIT TR 0 63.040 63.040
**D INTERNATIONAL PAPER CO COMMINGLED INVESTMENT GROUP TRUST 0 556.117 556.117
**D EQUITY INTERNATIONAL INVESTMENT TRUSTS 0 2.428.714 2.428.714
**D INTREPID INTERNATIONAL - CANADA FUND 0 51.670 51.670
**D MFS INTERNATIONAL VALUE FUND 0 6.007.848 6.007.848
**D MFS VAR INSURANCE TRUST II - MFS INT VALUE PORTFOLIO 0 700.177 700.177
**D IBM SAVINGS PLAN 0 2.215.354 2.215.354
**D GOLDMAN SACHS TRUST COMPANY N A COLLECTIVE TRUST 0 334.713 334.713
**D AMERICAN AIRLINES PILOTS RET BENEFIT PROGRAM VAR INCOME PLAN 0 1.316.858 1.316.858
**D COMMONFUND INSTITUTIONAL INTERNATIONAL EQUITY FUND, LLC 0 253.915 253.915
**D MUNDER INTERNATIONAL EQUITY FUND 0 128.951 128.951
**D RUSSELL TR CO COMMINGLED EMPL BEN RUSSELL INT RATE MGMN SOL 0 342.656 342.656
**D PENSION FUND ASSOCIATION FOR LOCAL GOVERNMENT OFFICIALS 0 786.692 786.692
**D SSGA GLOBAL INDEX PLUS TRUST 0 297.691 297.691
**D IAM NATIONAL PENSION FUND 0 465.167 465.167
**D SAN DIEGO CITY EMPLOYEES` RETIREMENT SYSTEM 0 385.760 385.760
**D STATE OF ALASKA RETIREMENT AND BENEFITS PLANS 0 3.410.791 3.410.791
**D STATE OF ALASKA RETIREMENT AND BENEFITS PLANS 0 267.549 267.549
**D COLUMBIA INTERNATIONAL VALUE MASTER PORTFOLIO 0 3.651.500 3.651.500
Page 15

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D RUSSELL INTERNATIONAL SHARES FUND 0 2.020.400 2.020.400
**D RUSSELL INVESTMENT COMPANY INTERNATIONAL FUND 0 360.155 360.155
**D DESJARDINS GLOBAL EQUITY VALUE FUND 0 588.700 588.700
**D DELUXE CORPORATION MASTER RETIREMENT TRUST PLAN 0 267.569 267.569
**D THE REGENTS OF THE UNIVERSITY OF CALIFORNIA 0 10.771.932 10.771.932
**D MASSACHUSETTS LABORERS PENSION FUND 0 114.133 114.133
**D VALIC COMPANY I - INTERNATIONAL EQUITIES FUND 0 422.698 422.698
**D VALIC COMPANY I-INTERNATIONAL GROWTH I FUND 0 1.034.850 1.034.850
**D VALIC COMPANY I - FOREIGN VALUE FUND 0 4.747.665 4.747.665
**D FRESNO COUNTY EMPLOYEES` RETIREMENT ASSOCIATION 0 350.812 350.812
**D METROPOLITAN SERIES FUND MORGAN STANLEY EAFE INDEX PORTFOLIO 0 903.108 903.108
**D STATE OF MINNESOTA 0 3.020.563 3.020.563
**D STATE OF MINNESOTA 0 495.443 495.443
**D STATE OF MINNESOTA 0 686.971 686.971
**D RUSSELL INVESTMENT FUNDS NON-U.S. FUND 0 643.141 643.141
**D MITCHELLS AND BUTLERS CIF LIMITED 0 300.175 300.175
**D JOHN HANCOCK INSURANCE COMPANY OF VERMONT 0 65.223 65.223
**D THE COMMON FUND FOR NON PROFIT ORGANIZATION 0 589.460 589.460
**D HOUSTON MUNICIPAL EMPLOYEES PENSION SYSTEM 0 156.567 156.567
**D MASSMUTUAL SELECT STRATEGIC BALANCED FUND 0 36.739 36.739
**D MGI NON-US CORE EQUITY FUND 0 553.061 553.061
**D SPDR MSCI ACWI EX-US ETF 0 160.575 160.575
**D SPDR S&P WORLD (EX-US) ETF 0 165.425 165.425
**D SPDR S+P INTERNATIONAL FINANCIAL SECTOR ETF 0 35.727 35.727
**D ORANGE COUNTY EMPLOYEES RETIREMENT SYSTEM 0 67.102 67.102
**D RUSSELL INVESTMENT COMPANY IV PLC 0 350.000 350.000
**D RUSSELL INVESTMENT COMPANY PLC 0 8.597.077 8.597.077
**D CONSOLIDATED EDISON RETIREMENT PLAN 0 1.410.559 1.410.559
**D NEBRASKA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0 806.244 806.244
**D STATE OF NEBRASKA DEPARTMENT OF ADMINISTRATIVE SERVICES 0 37.468 37.468
**D THE UNIVERSAL INSTITUTIONAL FUNDS INC - INT MAGNUM PTF 0 28.646 28.646
**D MORGAN STANLEY STRATEGIST FUND 0 186.760 186.760
**D ILLINOIS STATE BOARD OF INVESTMENT 0 3.072.553 3.072.553
**D UNIVERSAL INVESTMENT FUNDS 0 440.000 440.000
**D PACIFIC SELECT FUND INTERNATIONAL VALUE PORTFOLIO 0 7.409.665 7.409.665
**D SSGA INTERNATIONAL EQUITIES INDEX TRUST 0 242.148 242.148
**D SSGA WEALTH WEIGHTED GLOBAL EQUITIES INDEX TRUST 0 145.699 145.699
**D GREYSTONE EAFE QUANTITATIVE FUND 0 2.114.494 2.114.494
**D BRUNEI INVESTMENT AGENCY 0 1.452.594 1.452.594
**D OMERS ADMINISTRATION CORPORATION 0 530.259 530.259
**D SSGA ITALY INDEX FUND 0 2.214.179 2.214.179
**D SSGA MSCI EAFE INDEX FUND 0 378.954 378.954
**D STATE OF CONNECTICUT RETIREMENT PLANS & TRUST FUNDS 0 2.916.679 2.916.679
Page 16

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D WORKERS COMPENSATION BOARD-ALBERTA 0 303.090 303.090
**D CITY OF PROVIDENCE EMPLOYEES RETIREMENT SYSTEM 0 220.414 220.414
**D SSGA WORLD INDEX EQUITY FUND 0 1.284.682 1.284.682
**D SSGA ITALY INDEX EQUITY FUND 0 6.346.478 6.346.478
**D SSGA EUROPE ALPHA EQUITY FUND I 0 151.821 151.821
**D SSGA EMU INDEX EQUITY FUND 0 9.951.120 9.951.120
**D SSGA FINANCIALS INDEX EQUITY FUND 0 72.710 72.710
**D STREETTRACKS MSCI EUROPE ETF 0 941.578 941.578
**D SPDR MSCI EUROPE FINANCIALS ETF 0 948.047 948.047
**D STATE STREET EUROPE ENHANCED 0 1.359.486 1.359.486
**D SSGA EUROPE INDEX EQUITY FUND 0 1.556.419 1.556.419
**D STATE STREET SRI WORLD INDEX 0 250.292 250.292
**D AARGAUISCHE PENSIONSKASSE 0 295.597 295.597
**D UNIVERSITY OF TORONTO MASTER TRUST 0 28.850 28.850
**D GOVERNING COUNCIL OF THE UNIVERSITY OF TORONTO 0 21.283 21.283
**D ABBEY LIFE ASSURANCE COMPANY LIMITED 0 6.429.335 6.429.335
**D SCOTTISH WIDOWS UNIT FUNDS LIMITED 0 3.089.240 3.089.240
**D PENSIONS MANAGEMENT (S.W.F.) LIMITED 0 547.741 547.741
**D SCOTTISH WIDOWS OVERSEAS GROWTH INV F ICVC - EURO GROWTH F 0 3.838.777 3.838.777
**D SCOTTISH WIDOWS OVERSEAS GROWTH INV F ICVC-EUROP SEL GROW F 0 1.832.736 1.832.736
**D SCOTTISH WIDOWS OVERSEAS GROWTH INV F ICVC-EUROLAND F 0 197.959 197.959
**D STATE STREET TRUSTEES LIMITED ATF SWIP CAPITAL TRUST 0 1.284.690 1.284.690
**D SPDR STOXX EUROPE 50 ETF 0 164.595 164.595
**D SPDR DJ EURO STOXX 50 ETF 0 1.222.320 1.222.320
**D EUROPE INDEX PLUS COMMON TRUST FUND 0 933.108 933.108
**D COMMON TRUST ITALY FUND 0 13.346.910 13.346.910
**D WORLD INDEX OLUS SECURITIES LENDING COMMON TRUST FUND 0 468.220 468.220
**D SOUTHERN CA UNITED FOOD COMMERCIAL WORKERS UNION FOOD EMPLOYERS 0 173.372 173.372
**D SAN DIEGO ELEC WORKERS PENSION TRUST 0 58.583 58.583
**D CAISSE DES DEPOTS ET CONSIGNATIONS 0 9.670.767 9.670.767
**D CAISSE DES DEPOTS ET CONSIGNATION 0 27.475.069 27.475.069
**D FONDS DE RESERVE POUR LES RETRAITES 0 348.100 348.100
**D FCP ERAFP ACTIONS EUROS4 BTF P 0 732.300 732.300
**D LBPAM ACTIONS EUROPE 0 2.270.000 2.270.000
**D LBPAM ACTIONS FINANCE 0 344.000 344.000
**D XENYS 0 90.000 90.000
**D FCP TONI ACTIONS 100 0 967.289 967.289
**D LBPAM VOIE LACTEE 2 0 164.636 164.636
**D TUTELAIRE ACTIONS 0 145.000 145.000
**D TUTELAIRE ACTIONS ETHIQUES 0 73.475 73.475
**D VIVACCIO ACTIONS 0 3.619.180 3.619.180
**D LBPAM ACTIONS DIVERSIFIE 0 1.553.909 1.553.909
**D LBPAM ACTIONS EURO 0 6.000.000 6.000.000
Page 17

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D LBPAM ACTIONS INDICE 0 4.659.124 4.659.124
**D LBPAM PROFIL 80 PEA 0 1.174.789 1.174.789
**D LBPAM PROFIL 100 0 415.924 415.924
**D LBPAM ACTIONS DEVELOPPEMENT DURABLE 0 4.140.627 4.140.627
**D LBPAM ACTIONS ISR MONDE 0 100.000 100.000
**D FONDS DE RESERVE POUR LES RETRAITES 0 21.939.432 21.939.432
**D FCP ERAFP ACTIONS INTERNATIONALES II SSGA 0 299.990 299.990
**D VILLIERS DIVERSIFIE DEXIA AM 0 501.509 501.509
**D RAVGDT DIVERSIFIE II DEXIA AM 0 59.992 59.992
**D FCP VILLIERS CROISSANCE 0 4.003.383 4.003.383
**D UFF TEMPO PEA 0 895.019 895.019
**D COVEA FINANCE CROISSANCE 0 184.000 184.000
**D BOISSY ORIZON DURABLE 0 29.620 29.620
**D FCP COVEA FINANCE ACTIONS EUROPE INSTIT II 0 5.182.773 5.182.773
**D FCP REUNICA UB3 0 2.743.558 2.743.558
**D HAMELIN DIVERSIFIE II 0 250.000 250.000
**D AGIRC F1 0 451.601 451.601
**D AA UBS ACTIONS EURO 0 5.490.452 5.490.452
**D FCP BOURBON 8 0 664.170 664.170
**D FCP HAMELIN DIVERSIFIE PERP 0 8.500 8.500
**D FCP COVEA FINANCE ACTI EUROPE 0 429.220 429.220
**D FCP A.A.-DEXIA-ISR 0 27.002 27.002
**D BOURBON 4 0 96.624 96.624
**D UNIVERS CNP 1 0 1.010.195 1.010.195
**D CNP ACP ACTIONS LT 0 201.656 201.656
**D CROISSANCE DIVERSIFIE 0 6.964 6.964
**D CONCORDE 96 0 91.268 91.268
**D NATIXIS ISR ACTIONS 0 751.529 751.529
**D IXIS FLAMME 0 227.600 227.600
**D FCP NATIXIS IONIS 0 91.951 91.951
**D I CROISSANCE 0 90.163 90.163
**D MEDERIC ALZHEIMER IXIS AM 0 37.361 37.361
**D CMD AGIRC IXIS D 0 777.436 777.436
**D BOURBON 5 0 98.346 98.346
**D IXIS EURO ACTIONS 0 1.903.720 1.903.720
**D ECUREUIL 1,2,3 FUTUR 0 1.603.784 1.603.784
**D ECA DIVERSIFIE 0 95.660 95.660
**D FCP NATIXIS ACTIONS EURO GROWTH 0 640.000 640.000
**D CNP ASSUR PIERRE 0 181.343 181.343
**D CNP ASSUR VALEURS 0 335.546 335.546
**D AGIRC BD 0 116.049 116.049
**D FCP CNP GGR 0 96.721 96.721
**D ABP ACTIONS 0 20.523.328 20.523.328
Page 18

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D AREGE 2IC 0 80.638 80.638
**D FCP RSRC DIVERSIFIE 0 385.217 385.217
**D CARBP DIVERSIFIE 0 205.062 205.062
**D MONNET 0 53.944 53.944
**D FCP RL PREVOYANCE 0 189.469 189.469
**D ABP CROISSANCE RENDEMENT 0 800.000 800.000
**D FRUCTIFONDS VALEURS EUROPEENNES 0 846.854 846.854
**D PREPAR CROISSANCE 0 222.439 222.439
**D IMPACT ISR CROISSANCE 0 146.773 146.773
**D AREVA DIVERSIFIE OBLIGATAIRE 0 88.349 88.349
**D OCP EPARGNE 0 21.424 21.424
**D FCPE SAFRAN DYNAMIQUE 0 192.288 192.288
**D EGEPARGNE 1 0 72.569 72.569
**D EGEPARGNE 2 0 1.600.030 1.600.030
**D HUTCHINSON ACTIONS 0 46.572 46.572
**D FCPE FCP REGULIER AIR LIQUIDE DEVELOPPEMENT 0 16.986 16.986
**D FCPE FODIV 0 64.052 64.052
**D FCPE NATIXIS AVENIR 1 PERFORMANCE 0 226.170 226.170
**D FCPE NATIXIS AVENIR 2 DYNAMIQUE 0 38.660 38.660
**D FCPE NATIXIS AVENIR 3 CROISSANCE 0 100.721 100.721
**D FCPE NATIXIS AVENIR 4 EQUILIBRE 0 158.202 158.202
**D FCPE NATIXIS AVENIR 5 RENDEMENT 0 63.600 63.600
**D SAFRAN MIXTE 0 45.515 45.515
**D NATIXIS ES ACTIONS EURO 0 425.440 425.440
**D IMPACT ISR RENDEMENT SOLIDAIRE 0 127.772 127.772
**D FCPE IMPACT ISR PERFORMANCE 0 310.287 310.287
**D IMPACT ISR DYNAMIQUE 0 68.621 68.621
**D IMPACT ISR EQUILIBRE 0 722.434 722.434
**D FCPE NATIXIS AVENIR MIXTE SOLIDAIRE 0 12.945 12.945
**D MULTILATERAL INVESTMENT GUARANTEE AGENCY 0 27.157 27.157
**D TDX INDEPENDENCE 2020 EXCHANGETRADED FUND 0 12.335 12.335
**D WELLS FARGO BANK MINNESOTA NA 0 5.463 5.463
**D ING TEMPLETON GLOBAL GROWTH PORTFOLIO 0 1.687.948 1.687.948
**D VALERO ENERGY CORPORATION PENSION PLAN 0 84.711 84.711
**D NORTHWEST NATURAL GAS COMPANY RETIREMENT TRUST 0 43.010 43.010
**D PRINCIPAL FUNDS INC-DIVERSIFIED INTERNATIONAL FUND 0 3.418.702 3.418.702
**D CAUSEWAY INTERNATIONAL VALUE FUND 0 8.999.430 8.999.430
**D AXA BELGIUM 0 224.323 224.323
**D ING BM 1 ING FINANCIALS FD 0 766.401 766.401
**D DESERET MUTUAL MASTER RETIREMENT PLAN 0 342.925 342.925
**D DESERET HEALTHCARE EMPLOYEE BENEFIT TRUST 0 10.200 10.200
**D INTERNATIONAL TRUCK AND ENGINE CORPORATIONRETIREE SUPPLEMENTAL BENEFIT TRUST 0 243.650 243.650
**D US BANK/PORTFOLIO 21 0 437.484 437.484
Page 19

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D PRINCIPAL FUNDS INC- INTERNATIONAL GROWTH FUND 0 205.383 205.383
**D SAN DIEGO MUSEUM OF ART 0 5.900 5.900
**D PRINCIPAL VARIABLE CONTRACTS FUND INC ASSET ALLOCATION ACCOUNT 0 15.553 15.553
**D PNC BANK N.A. 0 25.720 25.720
**D PUBLIC SCHOOL RETIREMENT SYSTEMOF THE CITY OF ST.LOUIS 0 292.044 292.044
**D PRINCIPAL VARIABLE CONTRACTS FUNDS INC- INTERNATIONAL EMERGING MARKETS ACCOUNT 0 912.543 912.543
**D ING INVESTMENT MANAGEMENT EUROPE NV 0 3.959.812 3.959.812
**D ING GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND 0 89.687 89.687
**D AV SUPER FUND 0 12.931 12.931
**D AK STEEL CORPORATION MASTER PENSION TRUST 0 86.663 86.663
**D ING INDEX PLUS INTERNATIONAL EQUITY FUND 0 87.175 87.175
**D ING TEMPLETON FOREIGN EQUITY PORTFOLIO 0 2.723.178 2.723.178
**D WISDOMTREE DEFA FUND 0 278.958 278.958
**D ROCKFORD HEALTH SYSTEM PENSION PLAN 0 6.739 6.739
**D ROCKFORD HEALTH SYSTEM MASTER TRUST 0 41.372 41.372
**D WISDOMTREE INTERNATIONAL LARGECAP DIVIDEND 0 162.250 162.250
**D VISION POOLED SUPERANNUATION TRUST 0 338.570 338.570
**D US BANK BR OMNI PENSION 0 32.341 32.341
**D US BANK BR OMNITAXABLE 0 9.313 9.313
**D TDX INDEPENDENCE 2010 EXCHANGETRADED FUND 0 2.261 2.261
**D TDX INDEPENDENCE 2030 EXCHANGE TRADED FUND 0 20.155 20.155
**D TDX INDEPENDENCE 2040 EXCHANGETRADED FUND 0 15.830 15.830
**D TDX INDEPENDENCE INTARGET EXCHANGEDTRADED FUND 0 5.194 5.194
**D WM POOL EQUITIES TRUST NO.34 0 3.417.790 3.417.790
**D THE BANK OF KOREA 0 141.739 141.739
**D GS TACS MARKET CONTINUOUS (INTL) LLC 0 601.732 601.732
**D ING INTERNATIONAL INDEX PORTFOLIO 0 408.452 408.452
**D PRINCIPAL FUNDS INC INTERNATIONAL VALUE FUND 1 0 4.405.168 4.405.168
**D PRINCIPAL FUNDS INC INTERNATIONAL VALUE FUND 1 0 179.436 179.436
**D WM POOL - EQUITIES TRUST NO. 22 0 210.852 210.852
**D WISDOMTREE INTERNATIONAL HEDGEDEQUITY FUND 0 12.597 12.597
**D INVESCO PERPETUAL EUROPEAN EQUITY INCOMETRUST 0 743.106 743.106
**D INVESCO PERPETUAL EUROPEAN HIGHINCOME FUND 0 52.177 52.177
**D INVESCO PERPETUAL EUROPEAN EQUITY FD 0 10.485.737 10.485.737
**D MACOMB COUNTY EMPLOYEES RETIREMENT SYSTEM 0 79.543 79.543
**D ING EURO STOXX 50 INDEX PORTFOLIO 0 5.059.042 5.059.042
**D THE BANK OF KOREA 0 31.521 31.521
**D INVESCO FUNDS SERIES 0 482.319 482.319
**D ALLSTATE INSURANCE COMPANY 0 1.285.290 1.285.290
**D PRINCIPAL FUNDS INC.-INTERNATIONAL EQUITY INDEX FUND 0 550.632 550.632
**D STATE PUBLIC SECTOR SUPERANNUATION SCHEME 0 2.579.059 2.579.059
**D AQR GLOBAL ENHANCED EQUITY FUND 0 26.481 26.481
**D GOLDMAN SACHS INSTITUTIONAL FUNDS PLC 0 126.853 126.853
Page 20

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D ING FUNDS SERVICES, LLC 0 43.443 43.443
**D INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 0 434.092 434.092
**D CENTRICA COMBINED COMMON INVESTMENT FUND 0 600.334 600.334
**D DERBYSHIRE COUNTY COUNCIL SUPERANNUATION FUND 0 3.734.098 3.734.098
**D STICHTING DOW PENSIOENFONDS . 0 303.299 303.299
**D ESSEX COUNTY COUNCIL . 0 160.622 160.622
**D IRISH AIRLINES (GENERAL EMPLOYEES) SUPERANNUATION 0 3.817.702 3.817.702
**D LANCASHIRE COUNTY PENSION FUND. 0 771.300 771.300
**D MERCHANT NAVY OFFICERS PENSION FUND 0 67.062 67.062
**D NATIONAL PENSIONS RESERVE FUNDCOMMISSION 0 4.089.651 4.089.651
**D PEARSON GROUP PENSION PLAN 0 121.977 121.977
**D PRINCIPAL GLOBAL INVESTORS TRUST-INTERNATIONAL EQUITY FUND 0 96.260 96.260
**D PRINCIPAL GLOBAL INVESTORS FUNDS 0 313.422 313.422
**D WORCESTERSHIRE COUNTY COUNCIL PENSION FUND 0 1.165.427 1.165.427
**D QUEENSLAND INVESTMENT CORPORATION 0 1.294.039 1.294.039
**D QUEENSLAND INVESTMENT CORPORATION 0 177.330 177.330
**D PICTET NON-US EQUITY OFFSHORE MAST 0 1.566.493 1.566.493
**D NON US EQUITY MANAGERS PORTFOLIO 5 OFFSHORE MASTER LP 0 769.329 769.329
**D JANA PASSIVE GLOBAL SHARE TRUST 0 550.955 550.955
**D NBT MAIN A C (NCB CLEARING SVCS) 0 938.293 938.293
**D ACHMEA PENSIOEN EN LEVENSVERZEKERINGEN N.V. 0 111.687 111.687
**D MCKINLEY CAPITAL MANAGEMENT FUND PLC 0 19.877 19.877
**D STICHTING PENSIOENFONDS HORECA & CATERING 0 1.044.503 1.044.503
**D BERKELEY SQUARE COMMON INVESTMENT FUND LIMITED 0 302.443 302.443
**D STICHTING PENSIOENFONDS UWV . 0 854.076 854.076
**D THE MEDICAL CENTRE INSURANCE COMPANY LTD. 0 253.926 253.926
**D OIL INVESTMENT CORPORATION LTD&OIL CAS INVESTMENT 0 291.807 291.807
**D HSBC BANK (CAYMAN) LIMITED 0 143.210 143.210
**D CIBC BANK AND TRUST COMPANY CAYMAN LIMITED GEORGETOWN 0 830.800 830.800
**D STICHTING BEWAARDER INTERPOLIS PENSIOENEN BELEGGINGSPOOLS 0 506.323 506.323
**D BPS 0 901.223 901.223
**D STICHTING BEWAARDER AZL EQUITY FUND 0 301.490 301.490
**D BPL 0 5.168.005 5.168.005
**D STICHTING PENSIOENFONDS VOOR DE GRAFISCHE BEDRIJVEN 0 1.381.900 1.381.900
**D STICHTING BEDRIJKSTAKPENSIENFONDS VOOR HET KAPPERSBEDRIJF 0 34.531 34.531
**D STICHTING PFDS VOOR DE TANDTECHNIEK 0 70.564 70.564
**D STICHTING BEDRIJFSTAKPENSIOENFONDS VOOR HET LEVENSMIDDELENBEDRIJF 0 395.815 395.815
**D GOLDMAN SACHS GLOBAL EQUITY PARTNERS I LLC 0 410.043 410.043
**D MAXIM MFS INTERN. VALUE PORTF. OF MAXIM SERIES FUND INC 8515 0 422.428 422.428
**D STICHTING RABOBANK PENSIOENFONDS 0 661.755 661.755
**D BELEGGINSPOOL ACHMEA AANDELEN EURO 0 2.501.506 2.501.506
**D BELEGGINGSPOOL ACHMEA 0 619.595 619.595
**D INTERPOLIS PENSIOENEN EUROPA POOL 0 346.496 346.496
Page 21

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D ABB INC. MASTER TRUST . 0 128.657 128.657
**D RUSSELL OVERSEAS EQUITY FUND . 0 1.078.200 1.078.200
**D RUSSELL OVERSEAS EQUITY POOL . 0 532.400 532.400
**D ALASKA PERMANENT FUND CORPORATION 0 3.469 3.469
**D ALASKA PERMANENT FUND CORPORATION 0 3.327 3.327
**D EAFE EQUITY FUND . 0 981.218 981.218
**D ALABAMA PREPAID AFFORDABLE COLLEGE TUITION TRUST FUND 0 49.197 49.197
**D ROCKWELL AUTOMATION MASTER TRUST 0 799.705 799.705
**D BELLSOUTH CORPORATION HEALTH CARE TRUST RETIREES 0 117 117
**D BLUE CROSS BLUE SHIELD OF NORTHCAROLINA RETIR 0 278.894 278.894
**D BELLSOUTH CORP RFA VEBA TRUST FOR NONREPRESENTABLE EMPLOYEES 0 68.855 68.855
**D BELLSOUTH CORPORATION RFA VEBA TRUST 0 297.139 297.139
**D HIGHMARK INC. 0 281.655 281.655
**D CALIFORNIA STATE AUTOMOBILE ASSOCINTER-INSURANCE BUREAU 0 211.324 211.324
**D COLLIER FAMILY OFFICE INC . 0 520.537 520.537
**D COLLEGES OF APPLIED ARTS AND TECHNOLOGY PENSION P 0 1.289.400 1.289.400
**D COMMONWEALTH OF PENNSYLVANIA STATE EMPLOYEES RETIREMENT SYSTEM. 0 1.073.753 1.073.753
**D CONRAIL EMPLOYEE BENEFITS TRUST 0 15.973 15.973
**D CANADIAN PACIFIC RAILWAY COMPANY PENSION PLAN 0 430.849 430.849
**D CF INTERNATIONAL STOCK INDEX FUND 0 875.124 875.124
**D THE DEARBORN PARTNERS GROUP TRUST 0 279.202 279.202
**D ONTARIO POWER GENERATION INC . 0 511.067 511.067
**D DELAWARE INTERNATIONAL EQUITY FUND 0 217.346 217.346
**D DELAWARE INVESTMENTS GLOBAL FUNDS PLC 0 37.424 37.424
**D BNY MELLON EB COLLECTIVE INVESTMENT FUND PLAN 0 1.604.146 1.604.146
**D ADVANTAGE FUNDS INC - GLOBAL ALPHA FUND 0 22.539 22.539
**D DREYFUS INDEX FUNDS INC DREYFUS INTERNATIONAL STC 0 691.164 691.164
**D DT INTERNATIONAL STOCK INDEX FUND 0 1.515.960 1.515.960
**D COUNTY EMPLOYEES ANNUITY AND BENEFIT FUND OF COOK COUNTY 0 449.370 449.370
**D COUNTY EMPLOYEES ANNUITY AND BENEFIT FUND OF COOK COUNTY 0 378.290 378.290
**D ENERGY EAST CORPORATION MASTERTRUST 0 332.183 332.183
**D EVANGELICAL LUTHERAN CHURCH INAMERICA BOARD OF PEN 0 866.383 866.383
**D ELECTRICAL WORKERS LOCAL 26 PENSION TRUST FUND 0 99.123 99.123
**D FAIRFAX COUNTY UNIFORMED RETIREMENT SYSTEM 0 126.360 126.360
**D FIDELITY COMMONWEALTH TRUST IIFIDELITY INTL ENHANC 0 9.662 9.662
**D FIDELITY CONCORD STREET TRUST: SPARTAN INTERNATIONAL INDEX FD 0 10.475.688 10.475.688
**D FIRE AND POLICE PENSION ASSOCIATION OF COLOR 0 236.008 236.008
**D FIRE AND POLICE PENSION ASSN OFCOLORADO 0 425.423 425.423
**D FIRE & POLICE EMPLOYEES RET. SYSTEM-CITY OF BALTI 0 1.081.710 1.081.710
**D FLORIDA RETIREMENT SYSTEM . 0 31.496.802 31.496.802
**D GOLDMAN SACHS FOUNDATION . 0 347.266 347.266
**D GOLDMAN SACHS FOUNDATION . 0 132.149 132.149
**D GMI INVESTMENT TRUST . 0 929.409 929.409
Page 22

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D RIVERWOOD INTERNATIONAL CORPORATION MASTER PENSION TRUST 0 76.240 76.240
**D GOVERNORS OF THE UNIVERSITY OF ALBERTA 0 247.600 247.600
**D GRANGER FINANCIAL MANAGEMENT . 0 18.445 18.445
**D HEALTHCARE EMPLOYEES` PENSION PLAN - MANIT 0 1.590.118 1.590.118
**D HOWARD HUGHES MEDICAL INSTITUTE 0 168.785 168.785
**D ARCELORMITTAL USA INC. PENSION TRUST 0 169.975 169.975
**D IMPERIAL TOBACCO PENSION INVESTMENT TRUST FUND 0 240.655 240.655
**D INCO ELECTED MASTER TRUST . 0 157.967 157.967
**D IPROFILE INTERNATIONAL EQUITY POOL 0 81.703 81.703
**D IOWA PUBLIC EMPLOYEES` RETIREMENT SYSTEM 0 2.726.570 2.726.570
**D KANSAS PUBLIC EMPLOYEES RETIREMENT 0 1.355.657 1.355.657
**D KANSAS PUBLIC EMPLOYEES RETIREMENT 0 1.249.295 1.249.295
**D COUNTY OF LOS ANGELES DEFERRED COMPENSATION AND THRIFT PLAN 0 1.674.327 1.674.327
**D DELAWARE INVESTMENTS GLOBAL DIAND INCOME FUND INC 0 106.746 106.746
**D DELAWARE VIP INTERNATIONAL VALUE EQUITY SERIES 0 517.458 517.458
**D DELAWARE INTERNATIONAL VALUE EQUITY FUND 0 2.761.139 2.761.139
**D DELAWARE DIVIDEND INCOME FUND . 0 236.075 236.075
**D DELAWARE AGGRESSIVE ALLOCATIONPORTFOLIO 0 143.641 143.641
**D DELAWARE CONSERVATIVE ALLOCATION PORTFOLIO 0 80.737 80.737
**D DELAWARE MODERATE ALLOCATION PORTFOLIO 0 348.147 348.147
**D DELAWARE GLOBAL VALUE FUND . 0 167.503 167.503
**D DELAWARE ENHANCED GLOBAL DIVIDEND AND INCOME FUND 0 420.721 420.721
**D DELAWARE GROUP FOUNDATION FUND - DELAWARE FOUNDATION EQUITY 0 3.271 3.271
**D LUCENT TECHNOLOGIES INC. MASTERPENSION TRUST 0 1.098.116 1.098.116
**D THE LINCOLN NATIONAL LIFE INSURANCE CO.(SEPARATE A 0 1.031.006 1.031.006
**D LVIP SSGA INTERNATIONAL INDEX FUND 0 529.304 529.304
**D LVIP DELAWERE FOUNDATION CONSERVATIVE ALLOCATION FUND 0 281.695 281.695
**D LVIP DELAWARE FOUNDATION MODERATE A 0 115.580 115.580
**D LVIP DELAWARE FOUNDATION AGGRESSIVE ALLOCATION FUND 0 444.021 444.021
**D LOUISIANA STATE EMPLOYEES` RETIREMENT SYSTEM 0 1.140.200 1.140.200
**D OGLETHORPE POWER CORPORATION 0 784.130 784.130
**D MELLON BANK NA EMPLOYEE BENEFITCOLLECTIVE INVESTMENT 0 6.833.130 6.833.130
**D MUNICIPAL FIRE AND POLICE RETIREMENT SYSTEM OF 0 85.534 85.534
**D EMPLOYEE RETIREMENT INCOME PLANTRUST OF 3M COM 0 908.691 908.691
**D MANVILLE PERSONAL INJURY SETTLEMENT TRUST 0 121.815 121.815
**D MINISTRY OF DEFENCE PENSION FUND 0 172.361 172.361
**D MERCY INVESTMENT SERVICES 0 204.434 204.434
**D INVESCO FONDS CAT 2 SPERRKONTO 0 719.714 719.714
**D MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHST 0 11.539.241 11.539.241
**D MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHST 0 2.402.772 2.402.772
**D MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHST 0 1.878.024 1.878.024
**D ROGERSCASEY TARGET SOLUTIONS LLC. 0 632.155 632.155
**D PUBLIC EMPLOYEES RETIREMENT SYSTEM OF NEVADA 0 3.209.492 3.209.492
Page 23

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D NEW YORK STATE DEFERRED COMPENSATION PLAN 0 135.048 135.048
**D BELL ATLANTIC MASTER TRUST 0 307.540 307.540
**D BELL ATLANTIC MASTER TRUST 0 4.087.413 4.087.413
**D BELL ATLANTIC MASTER TRUST 0 880.516 880.516
**D OPERATING ENGINEERS LOCAL 101 PENSION FUND 0 146.351 146.351
**D HYDRO ONE PENSION PLAN . 0 561.040 561.040
**D ONTARIO PENSION BOARD . 0 578.056 578.056
**D ONTARIO POWER GENERATION INC. PENSION PLAN 0 935.460 935.460
**D OPEC FUND FOR INTERNATIONAL DEVELOPMENT 0 174.639 174.639
**D PENSION FUND SOCIETY OF THE BANK OF MONTREAL 0 302.700 302.700
**D PACIFIC GAS AND ELECTRIC QUALIFIED CPUC DECOMMISSIONING TRUST 0 522.096 522.096
**D PANAGORA GROUP TRUST . 0 29.479 29.479
**D PG&E POSTRET. MEDICAL PLAN TR.MGMT & NONBARGAINING 0 36.292 36.292
**D HEALTH CARE SECURITY TRUST . 0 24.764 24.764
**D UPMC BASIC RETIREMENT PLAN MASTER TRUST 0 96.017 96.017
**D PENSION RESERVES INVESTMENT TRUST FUND 0 6.872.989 6.872.989
**D PUBLIC EMPLOYEE RETIREMENT SYSTEM OF IDAHO 0 766.997 766.997
**D ARIZONA PSPRS TRUST 0 764.510 764.510
**D QUEEN`S UNIVERSITY AT KINGSTON 0 65.800 65.800
**D QUEEN`S UNIVERSITY AT KINGSTON 0 20.600 20.600
**D ROHM AND HAAS MASTER TRUST . 0 156.125 156.125
**D ROCKWELL COLLINS MASTER TRUST 0 1.334.559 1.334.559
**D RUSSELL INSTITUTIONAL FUNDS LLCRUSSELL INTL EQUITY FUND 0 708.706 708.706
**D SOUTHERN CALIFORNIA EDISON CO NUCLEAR FACILITIES Q 0 617.215 617.215
**D AT&T UNION WELFARE BENEFIT TRUST 0 2.398.818 2.398.818
**D SOUTHERN CALIFORNIA EDISON COMPANY RETIREMENT P 0 81.908 81.908
**D SEMPRA ENERGY PENSION MASTER TRUST 0 465.818 465.818
**D SAN DIEGO GAS AND ELEC CO NUCLEAR FACILITIES QUAL DEC 0 141.036 141.036
**D NEXTERA ENERGY SEABROOK LLC PART IN SEABROOK NUCLEAR FIN FUND 0 154.549 154.549
**D STATE OF WISCONSIN INVESTMENT BOARD 0 1.945.701 1.945.701
**D STATE OF WISCONSIN INVESTMENT BOARD 0 6.098.700 6.098.700
**D THE CALIFORNIA ENDOWMENT . 0 6.364 6.364
**D TD EMERALD INTERNATIONAL EQUITYINDEX FUND 0 1.665.928 1.665.928
**D TD INTERNATIONAL INDEX FUND 0 249.688 249.688
**D TD EUROPEAN INDEX FUND . 0 58.438 58.438
**D TORONTO FIRE DEPARTMENT SUPERANNUATION AND BENEFIT FD 0 21.304 21.304
**D TORSTAR MASTER TRUST FUND . 0 396.357 396.357
**D IMPERIAL INTERNATIONAL EQUITY POOL 0 2.559.075 2.559.075
**D IMPERIAL OVERSEAS EQUITY POOL 0 331.749 331.749
**D TUCSON SUPPLEMENTAL RETIREMENT SYSTEM 0 294.033 294.033
**D TXU RETIREMENT PLAN MASTER TRUST 0 699.014 699.014
**D TENNESSEE VALLEY AUTHORITY RETIREMENT SYSTEM 0 115.690 115.690
**D UBS CANADA DYNAMIC ALPHA STRATEGY FUND 0 10.986 10.986
Page 24

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D REGENTS OF THE UNIVERSITY OF MICHIGAN 0 147.486 147.486
**D CURATORS OF THE UNIVERSITY OF MISSOURI RETIR DISAB DEATH BENEFIT 0 397.809 397.809
**D GEN BRD OF PENSION&HEALTH BNFTOF THE UNITED METHOD 0 2.601.490 2.601.490
**D UNISYS MASTER TRUST 0 846.716 846.716
**D UNIVERSITY OF PITTSBURGH MEDICAL CENTER SYSTE 0 287.006 287.006
**D UNITED TECHNOLOGIES CORP. MASTER RETIREMENT TR 0 1.118.714 1.118.714
**D VEBA PARTNERSHIP N LP . 0 118.500 118.500
**D VIRGINIA RETIREMENT SYSTEM . 0 6.365.027 6.365.027
**D WK KELLOG G FOUNDATION TRUST 0 375.980 375.980
**D THE BOSTON COMMON INTNL SOCIAL INDEX FUND, LLC 0 63.370 63.370
**D CIBC INTERNATIONAL INDEX FUND 0 203.176 203.176
**D CIBC EUROPEAN INDEX FUND . 0 98.586 98.586
**D CIBC POOLED INTERNATIONAL EQUITY INDEX FUND 0 50.161 50.161
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 10.575 10.575
Total vote 2.038.263.317
Percentage of voters% 24,437867
Percentage of Capital% 10,575058
Page 25

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
1027 DE COSMO AMANDA 0 0 0
**D FIDELITY ADVISOR SERIES VIII INT CAPITAL 0 417.800 417.800
**D VARIABLE INSURANCE FUND IV VIP INTL CAP 0 124.700 124.700
**D ACMBERNSTEIN EUROPEAN STRATEGIC VALUE PO 0 414.673 414.673
**D HSBC POOLED INVESTMENT FUND, HSBC ALLIANCEBERNSTEIN L.P, MULTIMANAGER EUROPEAN EQUITY FUND 0 802.232 802.232
**D QUATREM ASSURANCE COLLECTIVE 0 180.301 180.301
**D FCPE MULTIPAR ACTS SR 0 266.775 266.775
**D FCPE MULTIPAR EQ. SOC. RES 0 96.085 96.085
**D FCP BNP PARIBAS INDICE EURO 0 1.758.457 1.758.457
**D FCP GUENEGAUD REVENUS 0 67.987 67.987
**D FCP FEDERIS IRC ACTIONS 0 916.619 916.619
**D FCP FEDERIS ACT QUATREM 0 650.000 650.000
**D FEDERIS EPARGNE EQUILIBREE 0 222.365 222.365
**D FCPE FDS DIVERSIF.TEL 1 0 45.553 45.553
**D FCPE SAUR EPARGNE 0 193.298 193.298
**D EASY ETF DJ EURO STOXX 0 271.488 271.488
**D FCP EURO ETHIQUE INSTITUTIONS 0 2.300.000 2.300.000
**D FCP FEDERIS EURO ACTIONS 0 2.270.000 2.270.000
**D MULTIPAR SOLIDAIRE DYNA SR 0 168.139 168.139
**D FCP NF COLLINES IN 0 1.621.032 1.621.032
**D EASY ETF EURO STOXX 50 0 6.076.083 6.076.083
**D FCPE GPE FORD FR.BNP DIV ND 0 68.216 68.216
**D FCPE MASTERFOODS 0 156.323 156.323
**D FCPE LIMACTIF 0 48.410 48.410
**D FCPE KONE INVESTISSEMENT 0 86.334 86.334
**D FCPE BMS ACTIONS 0 114.265 114.265
**D FCPE DIVERSIMONDE 0 48.565 48.565
**D FCP BNP ACTIONS PEA EURO 0 3.609.624 3.609.624
**D FCP BNP ACTION EUROPE 0 193.131 193.131
**D FCP MEDERIC ACTION 0 922.001 922.001
**D FCP FEDERIS EUROPE ACTIONS 0 677.000 677.000
**D FEDERIS AVENIR EURO-PE 0 2.544.200 2.544.200
**D PARWORLD 0 729.490 729.490
**D PARVEST 0 24.050.970 24.050.970
**D BPI GLOBAL INVESTMENT FUND 0 216.114 216.114
**D CSA L EQUITY WORLD 0 2.647 2.647
**D AUSTRALIAN GOVERNMENT EMPL SUPERAN TRUS 0 433.600 433.600
**D FUTURE DIRECT CORE INTERN SHARE FUND 2 0 3.210.000 3.210.000
**D AVI CHAI FOUNDATION 0 51.300 51.300
**D ANZ UK STAFF PENSION SCHEME 0 110.400 110.400
**D EMERSON ELECTRIC UK PENSION PLAN 0 186.550 186.550
**D EMERSON ELECTRIC CO. MASTER RETIREM. 0 408.150 408.150
**D FORD MOTOR COMPANY DEFINED BENEFIT 0 744.595 744.595
Page 26

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
**D GEORGE WIMPEY STAFF PENSION SCHEME 0 147.105 147.105
**D HIGHLAND COUNCIL PENSION FUND 0 876.950 876.950
**D INOVA HEALTH SYSTEM FOUNDATION 0 650.645 650.645
**D IMASCO HOLDINGS INC 0 45.700 45.700
**D MARY K MC QUISTON MCCAW 0 13.900 13.900
**D MOLINS UK PENSION FUND 0 59.640 59.640
**D NON CONTRIBUTORY OF MINE SAFETY 0 96.140 96.140
**D MACKENZIE 1995 TRUST DTD JULY 21, 1995 0 45.000 45.000
**D NCR SCOTLAND PENSION PLAN 0 221.105 221.105
**D PHELPS DODGE CORPORATION RETIRE.PLAN 0 286.920 286.920
**D THE QINETIQ PENSION SCHEME 0 349.045 349.045
**D ROBERT BOSCH CORPORATION MASTER TST 0 461.915 461.915
**D ANDREA REIMANN-CIARDELLI 1998 GRAT U/A 3 0 100.370 100.370
**D ANDREA REIMANN-CIARDELLI REVOCABLE TRUST 0 77.565 77.565
**D RONALD AND JOYCE NELSON 0 27.800 27.800
**D STEPHAN J. GEBERT 0 48.414 48.414
**D THE TAYSIDE SUPERANNUATION FUND 0 1.524.210 1.524.210
**D R.L PENSIONS TRUSTEES (ROI) LIMITED 0 103.860 103.860
**D WHEELS COMMON INVESTMENT FUND 0 152.705 152.705
**D FREESCALE SEMICONDUCTOR INC RETIREMENT 0 411.835 411.835
**D ITT INDUSTRIES MASTER RETIR.TST 0 142.015 142.015
**D LONDON BOROUGH OF LEWISHAM PENSION 0 609.040 609.040
**D RUSH-PRESBYTERIAN MEDICAL CENTER P.P 0 184.385 184.385
**D EMPLOYEES RET SYSTEM RICO ELECTRIC POWER 0 229.565 229.565
**D SANFORD INTERNATIONAL VALUE SERIES 0 1.392.330 1.392.330
**D INTERNATIONAL MONETARY FD RET STAFF 0 403.300 403.300
**D ASPEN FAMILY PARTNERSHIP L.P. 0 8.800 8.800
**D CROW PUBLIC SECURITIES LP 0 59.835 59.835
**D SANFORD BERNSTEIN DELAWARE TRUST 0 1.058.215 1.058.215
**D SANFORD C. BERNSTEIN DELAWARE BUSINESS T 0 1.046.100 1.046.100
**D SANFORD BERNSTEIN DELAWARE BUSINESS 0 7.279.435 7.279.435
**D SANFORD C BERNSTEIN & CO DELAWARE TS 0 528.720 528.720
**D SANFORD C. BERN DELAWARE BUSINESS 0 161.775 161.775
**D SANFORD BERNSTEIN DBT INTERNATIONAL 0 554.005 554.005
**D SANFORD MANAGED VALUE SERIES 0 838.225 838.225
**D BERNSTEIN GLOBAL STYLE BLEND 0 417.525 417.525
**D CORNWALL COUNTY COUNCIL PENSION FUND 0 267.495 267.495
**D STRATHCLYDE PENSION FUND 0 1.633.580 1.633.580
**D LONDON BOROUGH HILLINGDON SUPER FD 0 159.195 159.195
**D NORTHAMPTONSHIRE COUNTY COUNCIL PENSION FUND 0 368.730 368.730
**D NORTHUMBERLAND COUNTY COUNCIL FUND 0 84.585 84.585
**D FIDELITY INVEST INTL VALUD FD 0 488.009 488.009
**D FIDELITY AGGRESSIVE INTERNATIONAL FD 0 1.735.500 1.735.500
Page 27

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
**D FIDELITY ADVISOR SERIES VIII: FIDELITY ADVISOR OVERSEAS FUND 0 1.621.394 1.621.394
**D NAV CANADA PENSION PLAN 0 435.500 435.500
**D CARLETON UNIVERSITY RETIREMENT FUND 0 329.500 329.500
**D GARD COMMON CONTRACTUAL FUND 0 52.071 52.071
**D VOLVO PERSONVAGNARS PENSIONSSTIFTELS 0 38.290 38.290
**D LLOYD`S SUPERANNUATION FUND 0 168.180 168.180
**D DIAGEO PENSION SCHEME 0 815.385 815.385
**D HAMPSHIRE COUNTY COUNCIL PENSION FD 0 1.420.920 1.420.920
**D STICHTING PENSIOENFONDS SDB 0 168.965 168.965
**D NEW IRELAND ASSURANCE CO PLC 0 181.220 181.220
**D RETIREMENT PLAN FOR EMPLOYEES OF AETNA I 0 786.905 786.905
**D AMERICAN SAFETY RAZOR COMPANY MASTER TRU 0 76.015 76.015
**D BOMBARDIER TRUST U.S. MASTER TRUST 0 222.740 222.740
**D RETIREMENT INCOME PLAN OF SAUDI ARABIAN 0 138.678 138.678
**D JEFFREY LLC 0 581.000 581.000
**D STRATEGIC INVESTMENT SERVICE 0 89.610 89.610
**D SANLAM UNIVERSAL FUNDS PUBLIC LIMITED CO 0 19.775 19.775
**D SAS TRUSTEE CORPORATION 0 1.865.900 1.865.900
**D LABOR PENSION FUND SUPERVISORY COMMITTEE 0 224.980 224.980
**D CAYMAN ISLANDS CHAMBER OF COMMERCE PENSI 0 60.775 60.775
**D AXA OFFSHORE MULTIMANAGER FUNDS TRUST - 0 22.295 22.295
**D SIJOITUSRAHASTO ALFRED BERG GLOBAL 0 262.516 262.516
**D AXA EQUITABLE LIFE INSURANCE CO 0 249.289 249.289
**D AUSTRALIAN CAPITAL TERRITORY DEPARTMENT 0 258.800 258.800
**D QUEENSLAND LOCAL GOVERNMENT SUPERANNUATI 0 312.000 312.000
**D SBC MASTER PENSION TRUST 0 3.789.380 3.789.380
**D EQ ADVISORS TRUST ALLIANCEBERNSTEIN INTL 0 5.717.296 5.717.296
**D AXA PREMIER VIP TRUST - MULTIMANGER INTE 0 901.185 901.185
**D STATE OF CALIFORNIA MASTER TRUST 0 901.930 901.930
**D MUNICIPAL POLICE EMPLOYEES RETIREMENT SY 0 534.620 534.620
**D DALLAS POLICE AND FIRE PENSION SYSTEM 0 242.160 242.160
**D NVIT MULTI-MANAGER INTERNATIONAL VALUE F 0 1.309.615 1.309.615
**D NATIONWIDE INTERNATIONAL VALUE FUND 0 622.395 622.395
**D DOW EMPLOYEES PENSION PLAN TRUST 0 108.865 108.865
**D UNION CARBIDE EMPLOYEES` PENSION PLAN 0 53.350 53.350
**D AGERE SYSTEMS INC. PENSION PLANS MASTER 0 390.405 390.405
**D YOUNG MENS CHRISTIAN ASSOC. RETIR FD 0 815.275 815.275
**D EQ ADVISORS - AXA TACTICAL MANAGER INTER 0 788.154 788.154
**D MERCHANT INVESTORS ASSURANCE COMPANY LIM 0 758.200 758.200
**D KUWAIT FUND FOR ARAB ECONOMIC DEVELOPMEN 0 620.630 620.630
**D THE DELPHI AUTOMOTIVE SYSTEMS UK PENSION 0 181.523 181.523
**D AXA UK GROUP PENSION SCHEME 0 855.945 855.945
**D STATE OF NEW MEXICO STATE INVESTMENT COU 0 1.452.088 1.452.088
Page 28

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
**D NEW MEXICO EDUCATIONAL RETIREMENT BOARD 0 741.735 741.735
**D VARIABLE INSURANCE PRODUCTS FUND OVERSEA 0 2.620.638 2.620.638
**D ECONOMIC INVESTMENT TRUST LTM 0 729.800 729.800
**D MANITOBA TELECOM SERV&PARTECIP SUBS EMPL 0 299.600 299.600
**D IWA FOREST INDUSTRY PENSION PLAN 0 594.300 594.300
**D DOFASCO SUPPLEMENTARY RET INCOME PL 0 913.700 913.700
**D DOFASCO EMPLOYEES SAV & PRO SHARING FUND 0 496.600 496.600
**D DIAGEO CANADA INC 0 126.800 126.800
**D EMPIRE LIFE INSURANCE COMPANY 0 514.700 514.700
**D UNIVERSITY OF VICTORIA FOUNDATION 0 124.000 124.000
**D BOMBARDIER TRUST(CANADA) GLOBAL EQUIT FU 0 237.800 237.800
**D THE BOMBARDIER TRUST (UK) 0 820.550 820.550
**D PENSION PLAN FOR EMPL BRIST MAYER SQUIBB 0 43.700 43.700
**D THE AMERICAN FED OF M&E PENS WELF FD 0 253.700 253.700
**D ALGOMA STEEL INC MASTER TRUST II 0 343.600 343.600
**D PUBLIC EDUCATION RET SYSTEM MISSOURI 0 249.620 249.620
**D PUBLIC SCHOOL RET SYSTEM OF MISSOURI 0 2.126.490 2.126.490
**D FIM LUXEMBOURG 0 4.377 4.377
**D CSA L GLOBAL QUANT EQUITY POOL 0 2.395 2.395
**D FIDELITY INVESTMENTS MONEY MANAGEMENT IN 0 35.690 35.690
**D BANK OF BERMUDA (CAYMAN) LIMITED 0 454.933 454.933
**D FIDELITY LLC INTERNATIONAL GROWTH PORTFOLIO 0 229.300 229.300
**D FIDELITY GROUP TRUST FOR EMPLOYEE B, ENEFT EUROPEAN EQUITIES COLLECTIVE TRUST 0 3.529.400 3.529.400
**D SCEPTRE POOLED INVESTMENT FUND - FOREIGN EQUITY SECTION 0 761.400 761.400
**D WOE ALLIANCE BERNSTEIN 0 78.600 78.600
**D ACMBERNSTEIN FCP 0 669.500 669.500
**D ACM GLOBAL INVESTMENTS GLOBAL WEALTH STRATEGY GLOBAL C PORT. 0 4.995.988 4.995.988
**D ACMGI EUROPEAN VALUE 0 632.769 632.769
**D ABEX LIMITED 0 60.075 60.075
**D COLONIAL FIRST STATE INVESTMENTS LIMITED 0 1.938.300 1.938.300
**D EIRCOM NO2 SUPERANNUATION FUND 0 499.980 499.980
**D AGF FUNDS INC 0 229.800 229.800
**D ADVANCED SERIES TRUST AST NIEMANN CAPITAL 0 239.500 239.500
**D NTUC INCOME INSECURE COPERATIVE LIMITED 0 165.410 165.410
**D NEW YORK STATE BANKERS RETIREMENT SYSTEM VOL SUBMITTER PLAN 0 161.540 161.540
**D ARCHITAS MULTI-MANAGER ICVC II 0 253.565 253.565
**D FIDELITY INVESTMENT TRUST: FIDELITY TOTAL INT EQUITY FUND 0 83.901 83.901
**D FIDELITY INVESTMENT TRUST: FIDELITY SERIES INTERNATIONAL VALUE 0 12.866.700 12.866.700
**D LONDON BOROUGH OF BARKING & DAGENHAM SUPERANNUATION FUND 0 193.320 193.320
**D SANFORD C. BERNSTEIN F INC - TAX-MANAGED INTERNATIONAL PTF 0 11.581.375 11.581.375
**D SANFORD C. BERNSTEIN INTL VALUE EQ (CAP-WEIGHTED UNHEDGED) F 0 2.647.500 2.647.500
**D SANFORD C. BERNSTEIN GLOBAL VALUE EQUITY FUND . 0 661.000 661.000
**D ALLIANCEBERNSTEIN GLOBAL STYLE BLEND FUND . 0 850.900 850.900
Page 29

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
**D SANFORD C. BERNSTEIN GLOBAL STRATEGIC VALUE FUND 0 246.000 246.000
**D ALLIANCEBERNSTEIN GLOBAL STYLE BLEND (CAD HALF-HEDGED) FUND 0 25.100 25.100
**D ALLIANCEBERNSTEIN GLOBAL VALUE FUND 0 310.065 310.065
**D ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND 0 10.012.070 10.012.070
**D GPF (THAILAND) INVESTMENT FUND 0 197.170 197.170
**D LONDON BOROUGH OF GREENWICH SUPERANNUATION SCHEME 0 630.220 630.220
**D SANFORD C. BERNSTEIN FUND, INC. - OVERLAY A PORTFOLIO 0 469.100 469.100
**D SANFORD C. BERNSTEIN FUND, INC. - TAX-AWARE OVERLAY A PTF 0 1.084.600 1.084.600
**D THE ALLIANCEBERNSTEIN POOLING PTF-ALLIANCEBRN INT VALUE PTF 0 5.670.100 5.670.100
**D THE ALLIANCEBERNSTEIN POOLING PTF - ALLIANCEB VOL MNGM PTF 0 56.374 56.374
**D ALLIANCEBERNSTEIN COLLECTIVE INVESTMENT TRUST SERIES 0 3.871.201 3.871.201
**D ALLIANCEBERNSTEIN VAR PROD SER F INC - INT VALUE PTF 0 7.068.740 7.068.740
**D ALLIANCEBERNSTEIN VAR PROD SER F INC-BAL WEALTH STRATEGY PTF 0 234.495 234.495
**D THE NATIONAL MUTUAL LIFE ASS OF AUSTRALASIA LIMITED 0 373.784 373.784
**D BERNSTEIN GLOBAL VALUE EQUITIES TRUST 0 395.700 395.700
**D WHOLESALE GLOBAL EQUITY - VALUE FUND 0 4.005.400 4.005.400
**D GMAM INVESTMENT FUNDS TRUST 0 1.251.085 1.251.085
**D XEROX CANADA EMPLOYEES RETIREMENT PLAN 0 72.900 72.900
**D WHOLESALE GLOBAL EQUITY - INDEX FUND (UNHEDGED) 0 328.699 328.699
**D DFS GIF - EUROPEAN EQUITY ALLIANCE BERNSTEIN 0 67.724 67.724
**D DESJARDINS FIN SECURITY BERNSTEIN INTL EQUITY VALUE FUND 0 187.437 187.437
**D CAISSE DE DEPOT ET PLACEMENT DU QUEBEC 0 29.072.481 29.072.481
**D TRANSAMERICA ALLIANCEBERNSTEIN DYNAMIC ALLOCATION VP 0 21.712 21.712
**D MASSMUTUAL SELECT OVERSEAS FUND 0 512.975 512.975
**D MOOG INC EMPLOYEES RETIREMENT PLAN 0 177.050 177.050
**D MGI INTERNATIONAL EQUITY FUND 0 209.920 209.920
**D IPAC SPEC INV STRATEGIES - INT SHARE STRATEGY NO 1 0 1.245.900 1.245.900
**D ALLIANCEBERNSTEIN GLOBAL STYLE BLEND EQUITIES TRUST 0 45.223 45.223
**D SC ALLIANCEBERNSTEIN INTERNATIONAL VALUE FUND 0 242.068 242.068
**D DGAM EAFE EQUITY FUND L.P. 0 231.100 231.100
**D WUT42 0 424.200 424.200
**D HONG KONG SPECIAL ADMINISTRATIVE REGION GOVERNMENT-EXCHANGE F 0 1.261.097 1.261.097
**D THE STARR FOUNDATION 0 100.585 100.585
**D CITY OF TALLAHASSEE 0 279.596 279.596
**D UAW RETIREE MEDICAL BENEFITS TRUST 0 1.241.060 1.241.060
**D STATE UNIVERSITY OF IOWA FOUNDATION 0 319.820 319.820
**D ALLIANCEBERNSTEIN TAX-MANAGED WEALTH PRESERVATION STRATEGY 0 20.280 20.280
**D ALLIANCEBERNSTEIN TAX-MANAGED BALANCED WEALTH STRATEGY 0 70.525 70.525
**D ALLIANCEBERNSTEIN TAX MANAGED WEALTH APPRECIATION STRATEGY 0 469.235 469.235
**D IPAC MULTI-MANAGER INVESTMENT FUND SERIES-IPAC MULTI-MANAGERGLOABL EQUITY FUND 0 43.470 43.470
**D KAISER FOUNDATION HOSPITALS 0 1.125.420 1.125.420
**D THE PITNEY BOWES RETIREMENT PLANS TRUST 0 140.815 140.815
**D SANFORD C. BERNSTEIN FUND, INC. - INTERNATIONAL PORTFOLIO 0 5.131.555 5.131.555
Page 30

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
**D CHRYSLER LLC MASTER RETIREMENT TRUST 0 1.951.215 1.951.215
**D INTERNATIONAL PAPER CO COMMINGLED INVESTMENT GROUP TRUST 0 1.144.185 1.144.185
**D CHEVRON MASTER PENSION TRUST 0 581.400 581.400
**D REGIME DE RENTES DU MOUVEMENT DESJARDINS 0 1.169.000 1.169.000
**D HALLMARK CARDS MASTER TRUST 0 338.048 338.048
**D MGI NON-US CORE EQUITY FUND 0 1.116.449 1.116.449
**D MASSMUTUAL SELECT DIVERSIFIED INTERNATIONAL FUND 0 631.050 631.050
**D GOVERNING COUNCIL OF THE UNIVERSITY OF TORONTO 0 200.900 200.900
**D BAXTER INTERNATIONAL INC. AND SUBSIDIARIES PENSION TRUST 0 678.840 678.840
**D MONTANA BOARD OF INVESTMENTS 0 416.895 416.895
**D UNIVERSITY OF TORONTO MASTER TRUST 0 226.600 226.600
**D FORTIS INVESTMENT MANAGEMENT 0 794.684 794.684
**D SBSA AS TRUSTEE FOR SANLAM GLOBAL TRUST 0 181.900 181.900
**D MANAGERS INTERNATIONAL EQUITY FUND 0 215.275 215.275
**D EMERGENCY SERVICES SUPERANNUATION SCHEME 0 516.600 516.600
**D VICTORIAN WORKCOVER AUTHORITY 0 476.600 476.600
**D TRANSPORT ACCIDENT COMMISSION 0 316.200 316.200
**D MASTER INVESTMENT TRUST FOR DEFINED BENEFIT PLANS OF HAWAIIAN AIRLINES INC 0 161.990 161.990
**D UNISYS PENSION SCHEME 0 92.885 92.885
**D THE ACCBANK DEFINED BENEFIT PENSION SCHEME 0 181.930 181.930
**D WINCANTON PLC PENSION SCHEME 0 67.195 67.195
**D CITY OF NEW YORK GROUP TRUST 0 7.066.518 7.066.518
**D VICTORIAN MANAGED INSURANCE AUTHORITY 0 99.600 99.600
**D GOODRICH (UK) PENSION SCHEME 0 201.780 201.780
**D DOW UK PENSION PLAN . 0 91.315 91.315
**D ESSEX COUNTY COUNCIL . 0 1.105.580 1.105.580
**D ELECTRICITY SUPPLY PENSION SCHEME 0 829.835 829.835
**D HARRODS GROUP PENSION PLAN 0 144.950 144.950
**D HERTFORDSHIRE COUNTY COUNCIL PENSION FUND 0 787.585 787.585
**D AN POST SUPERANNUATION SCHEME . 0 453.967 453.967
**D OXFORDSHIRE COUNTY COUNCIL PENSION FUND 0 842.000 842.000
**D ESB GENERAL EMPLOYEES SUPERANNUATION SCHEME 0 594.205 594.205
**D WOLSELEY GROUP RETIREMENT BENEFITS PLAN 0 235.370 235.370
**D OIL INVESTMENT CORPORATION LTD&OIL CAS INVESTMENT 0 1.362.765 1.362.765
**D REEVE COURT GENERAL PARTNER 0 22.135 22.135
**D STG PFDS CORP EXPRESS MANDAAT ALLIANCE CAPITA 0 218.455 218.455
**D STICHTING PENSIOENFONDS ELSEVIER 0 56.005 56.005
**D THE MOWLEM STAFF PENS LIFE ASS SCHEME 0 159.960 159.960
**D AMERICAN ELECTRIC POWER MASTER RETIREMENT TRUST 0 1.251.005 1.251.005
**D ALABAMA TRUST FUND 0 201.795 201.795
**D BASF CORPORATION PENSION MASTERTRUST 0 307.162 307.162
**D BECHTEL NR PROGRAM MASTER TR . 0 491.350 491.350
**D BRUCE POWER PENSION PLAN . 0 1.427.900 1.427.900
Page 31

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
**D CANADIAN CHRISTIAN SCHOOL PENSION TR. FD 0 79.600 79.600
**D AMERICAN ELECTRIC POWER SYSTEM RETIREE LIFE INSURANCE TRUST 0 52.835 52.835
**D AMERICAN ELECTRIC POWER SYSTEM RETIREE MEDICAL TRUST FOR CERTAIN UNION 0 145.995 145.995
**D COX ENTERPRISES INC MASTER TRUST 0 874.175 874.175
**D CIBC PENSION PLAN 0 542.700 542.700
**D THE DUN AND BRADSTREET CORP DEFINED BENEFIT GROUP TRUST 0 176.990 176.990
**D DUKE ENERGY QUALIFIED NUCLEAR DECOMMISSIONING TRUS 0 1.331.120 1.331.120
**D EVANGELICAL LUTHERAN CHURCH INAMERICA BOARD OF PEN 0 1.031.740 1.031.740
**D EDUCATIONAL EMPLOYEES` SUPP. RET. SYSTEM OF FAIRF 0 571.865 571.865
**D TOTAL FINANCE USA INC. MASTER TRUST 0 326.250 326.250
**D PYRAMIS INTERNATIONAL GROWTH TRUST 0 845.000 845.000
**D FIDELITY GLOBAL FUND . 0 760.300 760.300
**D FIDELITY GLOBAL FINANCIAL SERVICES FUND 0 147.400 147.400
**D DTE ENERGY COMPANY AFFILIATES EMP BENEFIT PLANS MA 0 801.260 801.260
**D THE MAPLE LEAF FOOD INC. MASTERTRUST NO. 2 0 549.800 549.800
**D PUBLIC EMPLOYEES RETIREMENT SYSTEM OF MISSISSIPI 0 1.901.166 1.901.166
**D MERCK AND CO., INC MASTER RETIREMENT TRUST 0 371.565 371.565
**D MERCK AND CO., INC UNION VEBA TRUST 0 68.865 68.865
**D RETIREMENT BENEFITS INVESTMENT FUND 0 21.454 21.454
**D NEW YORK STATE DEFERRED COMPENSATION PLAN 0 707.815 707.815
**D CITY OF NEW YORK DEFERRED COMPENSATION PLAN 0 535.540 535.540
**D TEACHERS` RETIREMENT SYSTEM OF THE CITY OF NEW Y 0 1.022.950 1.022.950
**D ONTARIO PENSION BOARD . 0 1.198.800 1.198.800
**D OPEC FUND FOR INTERNATIONAL DEVELOPMENT 0 503.192 503.192
**D PENSION FUND SOCIETY OF THE BANK OF MONTREAL 0 303.900 303.900
**D PARKER - HANNIFIN MASTER TRUST 0 437.685 437.685
**D PUBLIC EMPLOYEE RETIREMENT SYSTEM OF IDAHO 0 971.455 971.455
**D PUROLATOR COURIER LTD. MASTER TRUST FUND 0 218.700 218.700
**D NATIONWIDE LIFE INSURANCE COMPANY OF AMERICA 0 33.485 33.485
**D POLYONE CORPORATION MASTER TRUST 0 162.410 162.410
**D QUEEN`S UNIVERSITY AT KINGSTON 0 207.900 207.900
**D REVISED PENSION PLAN OF QUEEN`SUNIVERSITY 0 19.602 19.602
**D TD INTERNATIONAL EQUITY FUND . 0 3.651.900 3.651.900
**D AT&T SAVINGS GROUP INV TRUST 0 317.425 317.425
**D IMPERIAL INTERNATIONAL EQUITY POOL 0 629.100 629.100
**D IMPERIAL OVERSEAS EQUITY POOL 0 103.200 103.200
**D TULARE COUNTY EMPLOYEES` RETIREMENT ASSOCATION 0 345.420 345.420
**D CURATORS OF THE UNIVERSITY OF MISSOURI RETIR DISAB DEATH BENEFIT 0 797.005 797.005
**D UNITED TECHNOLOGIES CORP. MASTER RETIREMENT TR 0 1.394.860 1.394.860
**D VULCAN ASSET MANAGEMENT LLC 0 91.000 91.000
1287 ROSANIA ELMAN 0 0 0
*** GUALANDI BIANCA ENRICA 0 1.818 1.818
Page 32

UniCredit S.p.A. 29 April 2011 17.42.00
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
Total vote 300.947.301
Percentage of voters% 3,608224
Percentage of Capital% 1,561396
ABSTENTIONS
Page 33

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
NOT VOTING
1287 ROSANIA ELMAN 0 0 0
*** CASELLA POTITO 0 24 24
*** CAPPIELLO ANDREA 0 965 965
*** GALANO PASQUALE 0 8.329 8.329
*** ACQUAVIA VITO ANTONIO 0 11 11
*** TELESCA FRANCESCO SAVERIO 0 173 173
*** NOTARGIACOMO GIULIA 0 71.232 71.232
*** MITRIONE MARIA ADELAIDE 0 6.172 6.172
*** DI LUCCHIO LOREDANA ERMINIA 0 1.986 1.986
*** DI LUCCHIO GIANPAOLO CRISTIAN 0 3.984 3.984
*** DELLI COLLI CLEMENTE 0 128.301 128.301
*** DELLI COLLI VALERIA 0 57.948 57.948
*** TELESCA GIANLUCA 0 173 173
*** TELESCA MARIA LUIGIA 0 197 197
*** DE BONIS DONATO ANTONIO 0 11 11
*** VARLOTTA GIOVANNI 0 10 10
*** LUCIANO LIDIA 0 10 10
*** ATELLA GIANFRANCO 0 1.733 1.733
*** SARI ANGELO 0 18.213 18.213
*** BUFANO TOMMASO 0 13 13
*** MIMMO ANTONIO 0 14.289 14.289
*** GIGLIO DOMENICO 0 144 144
*** CORDASCO DOMENICO 0 11 11
*** CATAPANO SALVATORE CARMINE VINCENZO 0 5 5
*** NOLE` ORIANA 0 3.310 3.310
*** POTENZA DONATO 0 10.000 10.000
*** VARLOTTA CINZIA ANNAMARIA 0 10 10
2006 PIPPONZI IVANA ENRICA 0 10 10
2013 BIELEWICZ JERZY CEZARY 2 0 2
2047 LA VERDE LUCIO 8.500 0 8.500
Total vote 335.766
Percentage of voters% 0,004026
Percentage of Capital% 0,001742
Page 34

UniCredit S.p.A. 29 April 2011 17.42.00
RESULTS OF VOTING
Subjetc: Nomina di Amministratore
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
VOTING NOT COUNTED (Not Voting)
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 9.200 9.200
Total vote 9.200
Percentage of voters% 0,000110
Percentage of Capital% 0,000048
Page 35

UniCredit S.p.A. 29 April 2011 17.53.22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
RESULTS OF VOTING
Subjetc : Redefinition of the compensation Directors
31 (*) persons entitled to vote took part in the voting, representing 8.340.601.233 ordinary shares, equating to
43,273282 % of ordinary share capital of which 72.680 shares were represented in person and 8.340.528.553 by
proxy.
8.340.601.233 ordinary shares were admitted to voting, corresponding to 100,000000% of the shares
represented at the meeting.
The counting of votes produced the following results:
% of share capital present and entitled
to vote %ordinary capital
In Favour 8.255.153.983 votes equating to 98,975526 42,829958
AGAINST 54.675.863 votes equating to 0,655539 0,283673
Sub-Total 8.309.829.846 votes equating to 99,631065 43,113631
Abstentions 30.431.814 votes equating to 0,364864 0,157888
Not Voting 339.573 votes equating to 0,004071 0,001762
Sub-Total 30.771.387 votes equating to 0,368935 0,159650
Total 8.340.601.233 votes equating to 100,000000 43,273282
Pursuant to art. 135-undecies of TUF 0 shares were not counted for the calculation of the majority and of share
capital needed for approval to voting, corresponding to % of the shares represented at the meeting.
(*)NOTE:
There were -2 more people in attendance entitled to vote relative to the previous count, representing an
addintional -0,000010% of ordinary share capital.
Pag. 1

UniCredit S.p.A. 29 April 2011 17.53.22
RESULTS OF VOTING
Subjetc: Rideterminazione del compenso agli Amministratori
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
1027 DE COSMO AMANDA 0 0 0
**D UNPMF 0 418.791 418.791
**D OMEGA DIVERISFIE 0 118.362 118.362
**D OFI NEMO 0 1.400.000 1.400.000
**D OFI LEADER 0 871.084 871.084
**D OFI CIBLE 0 1.586.400 1.586.400
**D ALPHA DIVERSIFIE 0 70.911 70.911
**D NATEXIS PERFORMANCE I 0 27.134 27.134
**D FDT ETHOS 0 210.821 210.821
**D ORGANISATION EUROPEENNE DE RECHERCHE NUCLEAIRE CERN (CAISSE DE PENSION) 0 188.231 188.231
**D CADMOS FUND MANAGEMENT-GUILE EMERGING MARKETS ENGAGEMENT FUND 0 150.000 150.000
**D NATIXIS AM 0 2.229.125 2.229.125
**D MACIF GESTION 0 1.112.474 1.112.474
**D GENERALI INVESTMENTS FRANCE 0 1.030.299 1.030.299
**D GENERALI INVESTMENTS FRANCE 0 536.530 536.530
**D EPARGNE RETRAITE INTERNATIONAL 0 683.057 683.057
**D OFI FLEX CO OFI ASSET MANAGEMENT 0 413.771 413.771
**D OFI AM 0 254.431 254.431
**D AARGAUISCHE PENSIONSKASSE 0 295.597 295.597
**D FONDS DE RESERVE POUR LES RETRAITES 0 348.100 348.100
**D FCP ERAFP ACTIONS EUROS4 BTF P 0 732.300 732.300
**D FCP VILLIERS CROISSANCE 0 4.003.383 4.003.383
**D FCP MATMUT ACTIONS EURO 0 800.000 800.000
**D BOURBON 4 0 96.624 96.624
**D UNIVERS CNP 1 0 1.010.195 1.010.195
**D CNP ACP ACTIONS LT 0 201.656 201.656
**D CROISSANCE DIVERSIFIE 0 6.964 6.964
**D CONCORDE 96 0 91.268 91.268
**D NATIXIS ISR ACTIONS 0 751.529 751.529
**D IXIS FLAMME 0 227.600 227.600
**D FCP NATIXIS IONIS 0 91.951 91.951
**D I CROISSANCE 0 90.163 90.163
**D MEDERIC ALZHEIMER IXIS AM 0 37.361 37.361
**D CMD AGIRC IXIS D 0 777.436 777.436
**D BOURBON 5 0 98.346 98.346
**D IXIS EURO ACTIONS 0 1.903.720 1.903.720
**D ECUREUIL 1,2,3 FUTUR 0 1.603.784 1.603.784
**D ECA DIVERSIFIE 0 95.660 95.660
**D FCP NATIXIS ACTIONS EURO GROWTH 0 640.000 640.000
**D CNP ASSUR PIERRE 0 181.343 181.343
**D CNP ASSUR VALEURS 0 335.546 335.546
**D AGIRC BD 0 116.049 116.049
**D FCP CNP GGR 0 96.721 96.721
Page 1

UniCredit S.p.A. 29 April 2011 17.53.22
RESULTS OF VOTING
Subjetc: Rideterminazione del compenso agli Amministratori
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D ABP ACTIONS 0 20.523.328 20.523.328
**D AREGE 2IC 0 80.638 80.638
**D FCP RSRC DIVERSIFIE 0 385.217 385.217
**D CARBP DIVERSIFIE 0 205.062 205.062
**D MONNET 0 53.944 53.944
**D FCP RL PREVOYANCE 0 189.469 189.469
**D ABP CROISSANCE RENDEMENT 0 800.000 800.000
**D FRUCTIFONDS VALEURS EUROPEENNES 0 846.854 846.854
**D PREPAR CROISSANCE 0 222.439 222.439
**D IMPACT ISR CROISSANCE 0 146.773 146.773
**D AREVA DIVERSIFIE OBLIGATAIRE 0 88.349 88.349
**D OCP EPARGNE 0 21.424 21.424
**D FCPE SAFRAN DYNAMIQUE 0 192.288 192.288
**D EGEPARGNE 1 0 72.569 72.569
**D EGEPARGNE 2 0 1.600.030 1.600.030
**D HUTCHINSON ACTIONS 0 46.572 46.572
**D FCPE FCP REGULIER AIR LIQUIDE DEVELOPPEMENT 0 16.986 16.986
**D FCPE FODIV 0 64.052 64.052
**D FCPE NATIXIS AVENIR 1 PERFORMANCE 0 226.170 226.170
**D FCPE NATIXIS AVENIR 2 DYNAMIQUE 0 38.660 38.660
**D FCPE NATIXIS AVENIR 3 CROISSANCE 0 100.721 100.721
**D FCPE NATIXIS AVENIR 4 EQUILIBRE 0 158.202 158.202
**D FCPE NATIXIS AVENIR 5 RENDEMENT 0 63.600 63.600
**D SAFRAN MIXTE 0 45.515 45.515
**D NATIXIS ES ACTIONS EURO 0 425.440 425.440
**D IMPACT ISR RENDEMENT SOLIDAIRE 0 127.772 127.772
**D FCPE IMPACT ISR PERFORMANCE 0 310.287 310.287
**D IMPACT ISR DYNAMIQUE 0 68.621 68.621
**D IMPACT ISR EQUILIBRE 0 722.434 722.434
**D FCPE NATIXIS AVENIR MIXTE SOLIDAIRE 0 12.945 12.945
**D THE BOSTON COMMON INTNL SOCIAL INDEX FUND, LLC 0 63.370 63.370
**D MATMUT ACTIONS EURO 0 800.000 800.000
1165 LOMBARDI GIANFRANCO 8.140 0 8.140
1287 ROSANIA ELMAN 0 0 0
*** LUCIANO LIDIA 0 10 10
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 13.250 13.250
1751 GUERRA GIORGIO 7 7 14
1882 DOBRILLA RICCARDO 1 0 1
Total vote 54.675.863
Percentage of voters% 0,655539
Percentage of Capital% 0,283673
Page 2

UniCredit S.p.A. 29 April 2011 17.53.22
RESULTS OF VOTING
Subjetc: Rideterminazione del compenso agli Amministratori
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
1027 DE COSMO AMANDA 0 0 0
**D TREDJE AP-FONDEN 0 7.998.655 7.998.655
**D FJARDE AP-FONDEN 0 1.800.511 1.800.511
**D CITY OF PHILADELPHIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0 352.048 352.048
**D IAM NATIONAL PENSION FUND 0 465.167 465.167
**D ANDRA AP-FONDEN (AP2) 0 15.279.000 15.279.000
**D FORSTA AP-FONDEN . 0 4.177.842 4.177.842
**D ACHMEA UNIT LINKED BELEGGINGSFONDSEN 0 349.080 349.080
1139 GIGLIONI ALVARO 1 0 1
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 6.525 6.525
692 PEDERSOLI LANFRANCO 2.985 0 2.985
Total vote 30.431.814
Percentage of voters% 0,364864
Percentage of Capital% 0,157888
Page 3

UniCredit S.p.A. 29 April 2011 17.53.22
RESULTS OF VOTING
Subjetc: Rideterminazione del compenso agli Amministratori
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
NOT VOTING
1287 ROSANIA ELMAN 0 0 0
*** CASELLA POTITO 0 24 24
*** CAPPIELLO ANDREA 0 965 965
*** GALANO PASQUALE 0 8.329 8.329
*** ACQUAVIA VITO ANTONIO 0 11 11
*** TELESCA FRANCESCO SAVERIO 0 173 173
*** NOTARGIACOMO GIULIA 0 71.232 71.232
*** MITRIONE MARIA ADELAIDE 0 6.172 6.172
*** DI LUCCHIO LOREDANA ERMINIA 0 1.986 1.986
*** DI LUCCHIO GIANPAOLO CRISTIAN 0 3.984 3.984
*** DELLI COLLI CLEMENTE 0 128.301 128.301
*** DELLI COLLI VALERIA 0 57.948 57.948
*** TELESCA GIANLUCA 0 173 173
*** TELESCA MARIA LUIGIA 0 197 197
*** DE BONIS DONATO ANTONIO 0 11 11
*** VARLOTTA GIOVANNI 0 10 10
*** ATELLA GIANFRANCO 0 1.733 1.733
*** SARI ANGELO 0 18.213 18.213
*** BUFANO TOMMASO 0 13 13
*** MIMMO ANTONIO 0 14.289 14.289
*** GIGLIO DOMENICO 0 144 144
*** CORDASCO DOMENICO 0 11 11
*** CATAPANO SALVATORE CARMINE VINCENZO 0 5 5
*** NOLE` ORIANA 0 3.310 3.310
*** POTENZA DONATO 0 10.000 10.000
*** GUALANDI BIANCA ENRICA 0 1.818 1.818
*** VARLOTTA CINZIA ANNAMARIA 0 10 10
1624 DANESI MARIANGELA 2.000 0 2.000
1978 MARBOT MICHEL MARIE PIERRE 0 0 0
DE* STOWARZYSZENIE PRZEJRZYSTY RYNEK 0 1 1
2006 PIPPONZI IVANA ENRICA 0 10 10
2047 LA VERDE LUCIO 8.500 0 8.500
Total vote 339.573
Percentage of voters% 0,004071
Percentage of Capital% 0,001762
Page 4

UniCredit S.p.A. 29 April 2011 18.03.53
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
RESULTS OF VOTING
Subjetc : Integration hours and fees of auditing firm KPMG
26 (*) persons entitled to vote took part in the voting, representing 8.340.565.782 ordinary shares, equating to
43,273098 % of ordinary share capital of which 37.240 shares were represented in person and 8.340.528.542 by
proxy.
8.340.565.782 ordinary shares were admitted to voting, corresponding to 100,000000% of the shares
represented at the meeting.
The counting of votes produced the following results:
% of share capital present and entitled
to vote %ordinary capital
In Favour 8.312.206.883 votes equating to 99,659988 43,125964
AGAINST 27.662.243 votes equating to 0,331659 0,143519
Sub-Total 8.339.869.126 votes equating to 99,991647 43,269483
Abstentions 359.094 votes equating to 0,004305 0,001863
Not Voting 337.562 votes equating to 0,004047 0,001751
Sub-Total 696.656 votes equating to 0,008353 0,003614
Total 8.340.565.782 votes equating to 100,000000 43,273098
Pursuant to art. 135-undecies of TUF 0 shares were not counted for the calculation of the majority and of share
capital needed for approval to voting, corresponding to % of the shares represented at the meeting.
(*)NOTE:
There were -5 more people in attendance entitled to vote relative to the previous count, representing an
addintional -0,000184% of ordinary share capital.
Pag. 1

UniCredit S.p.A. 29 April 2011 18.03.53
RESULTS OF VOTING
Subjetc: Integr. tempi e corrispettivi Società di Revisione
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
1027 DE COSMO AMANDA 0 0 0
**D ESG MANAGERS GROWTH PORTFOLIO 0 620 620
**D ESG MANAGERS MODERATE PORTFOLIO 0 516 516
**D ESG MANAGERS CONSERVATIVE PORTFOLIO 0 292 292
**D ESG MANAGERS AGGRESSIVE GROWTH PORTFOLIO 0 397 397
**D LBPAM ACTIONS EUROPE 0 2.270.000 2.270.000
**D LBPAM ACTIONS FINANCE 0 344.000 344.000
**D XENYS 0 90.000 90.000
**D FCP TONI ACTIONS 100 0 967.289 967.289
**D LBPAM VOIE LACTEE 2 0 164.636 164.636
**D TUTELAIRE ACTIONS 0 145.000 145.000
**D TUTELAIRE ACTIONS ETHIQUES 0 73.475 73.475
**D VIVACCIO ACTIONS 0 3.619.180 3.619.180
**D LBPAM ACTIONS DIVERSIFIE 0 1.553.909 1.553.909
**D LBPAM ACTIONS EURO 0 6.000.000 6.000.000
**D LBPAM ACTIONS INDICE 0 4.659.124 4.659.124
**D LBPAM PROFIL 80 PEA 0 1.174.789 1.174.789
**D LBPAM PROFIL 100 0 415.924 415.924
**D LBPAM ACTIONS DEVELOPPEMENT DURABLE 0 4.140.627 4.140.627
**D LBPAM ACTIONS ISR MONDE 0 100.000 100.000
**D US BANK/PORTFOLIO 21 0 437.484 437.484
**D CATHOLIC UNITED INVESTMENT TRUST 0 1.408.456 1.408.456
**D CBIS GLOBAL FUNDS PLC 0 90.000 90.000
1287 ROSANIA ELMAN 0 0 0
*** LUCIANO LIDIA 0 10 10
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 6.515 6.515
Total vote 27.662.243
Percentage of voters% 0,331659
Percentage of Capital% 0,143519
Page 1

UniCredit S.p.A. 29 April 2011 18.03.53
RESULTS OF VOTING
Subjetc: Integr. tempi e corrispettivi Società di Revisione
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
1027 DE COSMO AMANDA 0 0 0
**D CITY OF PHILADELPHIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0 352.048 352.048
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 4.060 4.060
1882 DOBRILLA RICCARDO 1 0 1
692 PEDERSOLI LANFRANCO 2.985 0 2.985
Total vote 359.094
Percentage of voters% 0,004305
Percentage of Capital% 0,001863
Page 2

UniCredit S.p.A. 29 April 2011 18.03.53
RESULTS OF VOTING
Subjetc: Integr. tempi e corrispettivi Società di Revisione
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
NOT VOTING
1287 ROSANIA ELMAN 0 0 0
*** CASELLA POTITO 0 24 24
*** CAPPIELLO ANDREA 0 965 965
*** GALANO PASQUALE 0 8.329 8.329
*** ACQUAVIA VITO ANTONIO 0 11 11
*** TELESCA FRANCESCO SAVERIO 0 173 173
*** NOTARGIACOMO GIULIA 0 71.232 71.232
*** MITRIONE MARIA ADELAIDE 0 6.172 6.172
*** DI LUCCHIO LOREDANA ERMINIA 0 1.986 1.986
*** DI LUCCHIO GIANPAOLO CRISTIAN 0 3.984 3.984
*** DELLI COLLI CLEMENTE 0 128.301 128.301
*** DELLI COLLI VALERIA 0 57.948 57.948
*** TELESCA GIANLUCA 0 173 173
*** TELESCA MARIA LUIGIA 0 197 197
*** DE BONIS DONATO ANTONIO 0 11 11
*** VARLOTTA GIOVANNI 0 10 10
*** ATELLA GIANFRANCO 0 1.733 1.733
*** SARI ANGELO 0 18.213 18.213
*** BUFANO TOMMASO 0 13 13
*** MIMMO ANTONIO 0 14.289 14.289
*** GIGLIO DOMENICO 0 144 144
*** CORDASCO DOMENICO 0 11 11
*** CATAPANO SALVATORE CARMINE VINCENZO 0 5 5
*** NOLE` ORIANA 0 3.310 3.310
*** POTENZA DONATO 0 10.000 10.000
*** GUALANDI BIANCA ENRICA 0 1.818 1.818
*** VARLOTTA CINZIA ANNAMARIA 0 10 10
2047 LA VERDE LUCIO 8.500 0 8.500
Total vote 337.562
Percentage of voters% 0,004047
Percentage of Capital% 0,001751
Page 3

UniCredit S.p.A. 29 April 2011 18.09.51
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
RESULTS OF VOTING
Subjetc : Absorption of remuneration Common Representative
24 (*) persons entitled to vote took part in the voting, representing 8.340.563.246 ordinary shares, equating to
43,273085 % of ordinary share capital of which 34.704 shares were represented in person and 8.340.528.542 by
proxy.
8.340.563.246 ordinary shares were admitted to voting, corresponding to 100,000000% of the shares
represented at the meeting.
The counting of votes produced the following results:
% of share capital present and entitled
to vote %ordinary capital
In Favour 8.338.230.189 votes equating to 99,972028 43,260980
AGAINST 1.640.451 votes equating to 0,019668 0,008511
Sub-Total 8.339.870.640 votes equating to 99,991696 43,269491
Abstentions 355.044 votes equating to 0,004257 0,001842
Not Voting 337.562 votes equating to 0,004047 0,001751
Sub-Total 692.606 votes equating to 0,008304 0,003593
Total 8.340.563.246 votes equating to 100,000000 43,273085
Pursuant to art. 135-undecies of TUF 0 shares were not counted for the calculation of the majority and of share
capital needed for approval to voting, corresponding to % of the shares represented at the meeting.
(*)NOTE:
There were -2 more people in attendance entitled to vote relative to the previous count, representing an
addintional -0,000013% of ordinary share capital.
Pag. 1

UniCredit S.p.A. 29 April 2011 18.09.51
RESULTS OF VOTING
Subjetc: Assunzione del compenso del Rappresentante Comune
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
1027 DE COSMO AMANDA 0 0 0
**D SKANDINAVISKA ENSKILDA BANKEN SA 0 1.620.676 1.620.676
1287 ROSANIA ELMAN 0 0 0
*** LUCIANO LIDIA 0 10 10
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 19.765 19.765
Total vote 1.640.451
Percentage of voters% 0,019668
Percentage of Capital% 0,008511
Page 1

UniCredit S.p.A. 29 April 2011 18.09.51
RESULTS OF VOTING
Subjetc: Assunzione del compenso del Rappresentante Comune
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
1027 DE COSMO AMANDA 0 0 0
**D CITY OF PHILADELPHIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0 352.048 352.048
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 10 10
1882 DOBRILLA RICCARDO 1 0 1
692 PEDERSOLI LANFRANCO 2.985 0 2.985
Total vote 355.044
Percentage of voters% 0,004257
Percentage of Capital% 0,001842
Page 2

UniCredit S.p.A. 29 April 2011 18.09.51
RESULTS OF VOTING
Subjetc: Assunzione del compenso del Rappresentante Comune
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
NOT VOTING
1287 ROSANIA ELMAN 0 0 0
*** CASELLA POTITO 0 24 24
*** CAPPIELLO ANDREA 0 965 965
*** GALANO PASQUALE 0 8.329 8.329
*** ACQUAVIA VITO ANTONIO 0 11 11
*** TELESCA FRANCESCO SAVERIO 0 173 173
*** NOTARGIACOMO GIULIA 0 71.232 71.232
*** MITRIONE MARIA ADELAIDE 0 6.172 6.172
*** DI LUCCHIO LOREDANA ERMINIA 0 1.986 1.986
*** DI LUCCHIO GIANPAOLO CRISTIAN 0 3.984 3.984
*** DELLI COLLI CLEMENTE 0 128.301 128.301
*** DELLI COLLI VALERIA 0 57.948 57.948
*** TELESCA GIANLUCA 0 173 173
*** TELESCA MARIA LUIGIA 0 197 197
*** DE BONIS DONATO ANTONIO 0 11 11
*** VARLOTTA GIOVANNI 0 10 10
*** ATELLA GIANFRANCO 0 1.733 1.733
*** SARI ANGELO 0 18.213 18.213
*** BUFANO TOMMASO 0 13 13
*** MIMMO ANTONIO 0 14.289 14.289
*** GIGLIO DOMENICO 0 144 144
*** CORDASCO DOMENICO 0 11 11
*** CATAPANO SALVATORE CARMINE VINCENZO 0 5 5
*** NOLE` ORIANA 0 3.310 3.310
*** POTENZA DONATO 0 10.000 10.000
*** GUALANDI BIANCA ENRICA 0 1.818 1.818
*** VARLOTTA CINZIA ANNAMARIA 0 10 10
2047 LA VERDE LUCIO 8.500 0 8.500
Total vote 337.562
Percentage of voters% 0,004047
Percentage of Capital% 0,001751
Page 3

UniCredit S.p.A. 29 April 2011 18.15.22
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
RESULTS OF VOTING
Subjetc : Amendment Regulations governing general meetings
24 (*) persons entitled to vote took part in the voting, representing 8.340.563.246 ordinary shares, equating to
43,273085 % of ordinary share capital of which 34.704 shares were represented in person and 8.340.528.542 by
proxy.
8.340.563.246 ordinary shares were admitted to voting, corresponding to 100,000000% of the shares
represented at the meeting.
The counting of votes produced the following results:
% of share capital present and entitled
to vote %ordinary capital
In Favour 8.322.597.778 votes equating to 99,784601 43,179875
AGAINST 12.303.529 votes equating to 0,147514 0,063834
Sub-Total 8.334.901.307 votes equating to 99,932116 43,243709
Abstentions 5.324.361 votes equating to 0,063837 0,027624
Not Voting 337.578 votes equating to 0,004047 0,001751
Sub-Total 5.661.939 votes equating to 0,067884 0,029376
Total 8.340.563.246 votes equating to 100,000000 43,273085
Pursuant to art. 135-undecies of TUF 0 shares were not counted for the calculation of the majority and of share
capital needed for approval to voting, corresponding to % of the shares represented at the meeting.
(*)NOTE:
There were 0 more people in attendance entitled to vote relative to the previous count, representing an
addintional 0,000000% of ordinary share capital.
Pag. 1

UniCredit S.p.A. 29 April 2011 18.15.22
RESULTS OF VOTING
Subjetc: Modifiche al Regolamento Assembleare
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
1027 DE COSMO AMANDA 0 0 0
**D CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0 12.303.519 12.303.519
1287 ROSANIA ELMAN 0 0 0
*** LUCIANO LIDIA 0 10 10
Total vote 12.303.529
Percentage of voters% 0,147514
Percentage of Capital% 0,063834
Page 1

UniCredit S.p.A. 29 April 2011 18.15.22
RESULTS OF VOTING
Subjetc: Modifiche al Regolamento Assembleare
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
1027 DE COSMO AMANDA 0 0 0
**D NATIONAL AUTOMATIC SPRINKLER INDUSTRY PENSION FUND (TRILOGY) 0 519.485 519.485
**D 1199 HEALTHCARE EMPLOYEES PENSION TRUST 0 2.205.001 2.205.001
**D CITY OF PHILADELPHIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0 352.048 352.048
**D IAM NATIONAL PENSION FUND 0 465.167 465.167
**D ELECTRICAL WORKERS LOCAL 26 PENSION TRUST FUND 0 99.123 99.123
**D COUNTY OF LOS ANGELES DEFERRED COMPENSATION AND THRIFT PLAN 0 1.674.327 1.674.327
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 9.210 9.210
Total vote 5.324.361
Percentage of voters% 0,063837
Percentage of Capital% 0,027624
Page 2

UniCredit S.p.A. 29 April 2011 18.15.22
RESULTS OF VOTING
Subjetc: Modifiche al Regolamento Assembleare
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
NOT VOTING
1139 GIGLIONI ALVARO 1 0 1
1287 ROSANIA ELMAN 0 0 0
*** CASELLA POTITO 0 24 24
*** CAPPIELLO ANDREA 0 965 965
*** GALANO PASQUALE 0 8.329 8.329
*** ACQUAVIA VITO ANTONIO 0 11 11
*** TELESCA FRANCESCO SAVERIO 0 173 173
*** NOTARGIACOMO GIULIA 0 71.232 71.232
*** MITRIONE MARIA ADELAIDE 0 6.172 6.172
*** DI LUCCHIO LOREDANA ERMINIA 0 1.986 1.986
*** DI LUCCHIO GIANPAOLO CRISTIAN 0 3.984 3.984
*** DELLI COLLI CLEMENTE 0 128.301 128.301
*** DELLI COLLI VALERIA 0 57.948 57.948
*** TELESCA GIANLUCA 0 173 173
*** TELESCA MARIA LUIGIA 0 197 197
*** DE BONIS DONATO ANTONIO 0 11 11
*** VARLOTTA GIOVANNI 0 10 10
*** ATELLA GIANFRANCO 0 1.733 1.733
*** SARI ANGELO 0 18.213 18.213
*** BUFANO TOMMASO 0 13 13
*** MIMMO ANTONIO 0 14.289 14.289
*** GIGLIO DOMENICO 0 144 144
*** CORDASCO DOMENICO 0 11 11
*** CATAPANO SALVATORE CARMINE VINCENZO 0 5 5
*** NOLE` ORIANA 0 3.310 3.310
*** POTENZA DONATO 0 10.000 10.000
*** GUALANDI BIANCA ENRICA 0 1.818 1.818
*** VARLOTTA CINZIA ANNAMARIA 0 10 10
1751 GUERRA GIORGIO 7 7 14
1882 DOBRILLA RICCARDO 1 0 1
2047 LA VERDE LUCIO 8.500 0 8.500
Total vote 337.578
Percentage of voters% 0,004047
Percentage of Capital% 0,001751
Page 3

UniCredit S.p.A. 29 April 2011 19.21.12
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
Subjetc : Group’s compensation policy
RESULTS OF VOTING
21 (*) persons entitled to vote took part in the voting, representing 8.340.554.552 ordinary shares, equating to
43,273039 % of ordinary share capital of which 26.017 shares were represented in person and 8.340.528.535 by
proxy.
8.340.554.552 ordinary shares were admitted to voting, corresponding to 100,000000% of the shares
represented at the meeting.
The counting of votes produced the following results:
% of share capital present and entitled
to vote %ordinary capital
In Favour 7.707.376.942 votes equating to 92,408447 39,987944
AGAINST 522.611.686 votes equating to 6,265911 2,711450
Sub-Total 8.229.988.628 votes equating to 98,674358 42,699394
Abstentions 110.236.862 votes equating to 1,321697 0,571938
Not Voting 329.062 votes equating to 0,003945 0,001707
Sub-Total 110.565.924 votes equating to 1,325642 0,573646
Total 8.340.554.552 votes equating to 100,000000 43,273039
Pursuant to art. 135-undecies of TUF 0 shares were not counted for the calculation of the majority and of share
capital needed for approval to voting, corresponding to % of the shares represented at the meeting.
(*)NOTE:
There were -3 more people in attendance entitled to vote relative to the previous count, representing an
addintional -0,000045% of ordinary share capital.
Pag. 1

UniCredit S.p.A. 29 April 2011 19.21.12
RESULTS OF VOTING
Subjetc: Politica Retributiva di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
1027 DE COSMO AMANDA 0 0 0
**D BBH BOS MTBJ RE: MANULIFE INTL BOND INDEX MOTH FND 0 2.020.780 2.020.780
**D NATIONAL AUTOMATIC SPRINKLER INDUSTRY PENSION FUND (TRILOGY) 0 519.485 519.485
**D UNPMF 0 418.791 418.791
**D QUATREM ASSURANCE COLLECTIVE 0 180.301 180.301
**D FCPE MULTIPAR ACTS SR 0 266.775 266.775
**D FCP PRADO VAUBAN DIVERSIFIE 0 102.774 102.774
**D FCPE MULTIPAR EQ. SOC. RES 0 96.085 96.085
**D FCP BNP PARIBAS INDICE EURO 0 1.758.457 1.758.457
**D PRADO ACTIONS 0 1.967.789 1.967.789
**D FCPE EQUILIBRE SOLIDARITE 0 95.252 95.252
**D FCPE EXPANSION SOLIDARITE 0 61.596 61.596
**D ETHIS VALEURS 0 474.835 474.835
**D ETHIS VITALITE` 0 44.952 44.952
**D FCP GUENEGAUD REVENUS 0 67.987 67.987
**D FCP FEDERIS IRC ACTIONS 0 916.619 916.619
**D FCP FEDERIS ACT QUATREM 0 650.000 650.000
**D FEDERIS EPARGNE EQUILIBREE 0 222.365 222.365
**D FCPE FDS DIVERSIF.TEL 1 0 45.553 45.553
**D FCPE SAUR EPARGNE 0 193.298 193.298
**D EASY ETF DJ EURO STOXX 0 271.488 271.488
**D FCP AG2R EURO ACTIONES 0 5.850.003 5.850.003
**D FCP ACTIONS ISR 0 1.600.000 1.600.000
**D FCP EURO ETHIQUE INSTITUTIONS 0 2.300.000 2.300.000
**D FCP FEDERIS EURO ACTIONS 0 2.270.000 2.270.000
**D HORIZON SOLIDARITE CROISSANCE 0 14.007 14.007
**D HORIZON SOLIDARITE AUDACE 0 13.275 13.275
**D MULTIPAR SOLIDAIRE DYNA SR 0 168.139 168.139
**D FCP NF COLLINES IN 0 1.621.032 1.621.032
**D EASY ETF EURO STOXX 50 0 6.076.083 6.076.083
**D FCPE GPE FORD FR.BNP DIV ND 0 68.216 68.216
**D FCPE MASTERFOODS 0 156.323 156.323
**D FCPE LIMACTIF 0 48.410 48.410
**D FCPE KONE INVESTISSEMENT 0 86.334 86.334
**D FCPE BMS ACTIONS 0 114.265 114.265
**D FCPE DIVERSIMONDE 0 48.565 48.565
**D FCP BNP ACTIONS PEA EURO 0 3.609.624 3.609.624
**D FCP BNP ACTION EUROPE 0 193.131 193.131
**D FCP MEDERIC ACTION 0 922.001 922.001
**D FCP FEDERIS EUROPE ACTIONS 0 677.000 677.000
**D ETHIQUE SOLIDARITE-FCPE SOLIDAIRE 0 17.430 17.430
**D OMEGA DIVERISFIE 0 118.362 118.362
**D OFI NEMO 0 1.400.000 1.400.000
Page 1

UniCredit S.p.A. 29 April 2011 19.21.12
RESULTS OF VOTING
Subjetc: Politica Retributiva di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D OFI LEADER 0 871.084 871.084
**D OFI CIBLE 0 1.586.400 1.586.400
**D ALPHA DIVERSIFIE 0 70.911 70.911
**D NATEXIS PERFORMANCE I 0 27.134 27.134
**D D&O DEXIA ISR 0 92.421 92.421
**D FEDERIS AVENIR EURO-PE 0 2.544.200 2.544.200
**D PARWORLD 0 729.490 729.490
**D PARVEST 0 24.050.970 24.050.970
**D BPI GLOBAL INVESTMENT FUND 0 216.114 216.114
**D CSA L EQUITY WORLD 0 2.647 2.647
**D FCP SCORE SAXE 0 10.000 10.000
**D OTIS EP DIVERSIFIE SOLIDAIRE 0 84.046 84.046
**D FCP GAILLON 130/30 0 93.351 93.351
**D FCP ES GESTION EQUILIBRE 0 1.115.644 1.115.644
**D FCP ES DYNAMIQUE 0 598.287 598.287
**D FCP ES TEMPERE 0 123.680 123.680
**D SERENIS CAP 1101 0 34.304 34.304
**D VALORACTIONS 0 23.000 23.000
**D LOGICA MOTIVATION 0 9.200 9.200
**D FCP UNI 1 0 149.571 149.571
**D FCP SUD EST ELITE EQUILIBRE 0 40.000 40.000
**D FCP SUD EST ELITE DYNAMISME 0 60.000 60.000
**D SOCIAL ACTIVE DIVERSIFIE 0 16.573 16.573
**D SOCIAL ACTIVE ACTIONS 0 48.291 48.291
**D FCP SCORE SAINT JOSEPH 0 7.847 7.847
**D FCP SCORE SAINTE URSULE 0 7.163 7.163
**D SCORE SAINT NICOLAS 0 43.350 43.350
**D FCP SCORE PILLAUD 0 26.661 26.661
**D FCP SCORE ORMESSON 0 16.714 16.714
**D FCP SCORE M O 0 11.395 11.395
**D FCP SCORE GALIEN 0 35.489 35.489
**D FCP SCORE BON SECOURS 0 25.300 25.300
**D FCP SCORE AUMEX 0 4.025 4.025
**D FCP SCORE AD BESANCON 0 13.644 13.644
**D FCP BRONGNIART AVENIR 0 41.864 41.864
**D FCPE ROUSSELOT DYNAMIQUE 0 14.275 14.275
**D FCP PERRIER INVESTISSEMENT 0 10.000 10.000
**D FCP PATRIMOINE PLACEMENT 5 0 11.432 11.432
**D FCP PATRIMOINE PLACEMENT 3 0 15.124 15.124
**D FCP PATRIMOINE PLACEMENT 2 0 6.197 6.197
**D FCP PATRIMOINE PLACEMENT 0 5.162 5.162
**D FCP NORDON INDUSTRIES 0 12.075 12.075
**D MONSANTO ACTIONS 0 50.071 50.071
Page 2

UniCredit S.p.A. 29 April 2011 19.21.12
RESULTS OF VOTING
Subjetc: Politica Retributiva di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D FCP MGE DYNAMIQUE EURO 0 60.000 60.000
**D FCP LUCKY 0 9.039 9.039
**D FCP HOWMET DIVERSIFIE 0 4.350 4.350
**D FCP HENKEL DIVERSIFIE N 1 0 12.650 12.650
**D FCP GUTENBERG 0 21.151 21.151
**D FCP GROUPE ROCHE 0 156.000 156.000
**D FCP GROUPE BRIAND 0 8.093 8.093
**D FCP GESTION VALEUR MOBILIERE 0 10.000 10.000
**D FCP GESTION SECURITE DYNAMISME 0 30.000 30.000
**D FCP GESTION PLACEMENT 1 0 24.569 24.569
**D 1515 FCP GERARD PERRIER 0 4.350 4.350
**D FREESCALE DYNAMIQUE 0 19.375 19.375
**D FREESCALE DIVERSIFIE 0 57.500 57.500
**D FCPE FLEURY MICHON DIVERSIFIE 0 11.163 11.163
**D HEINEKEN ENTREPRISE DIVERSIFIE 0 41.400 41.400
**D FCPE EUROP ASSISTANCE DIVERSIFIE 0 20.393 20.393
**D FCP DEGUSSA MIXTE 0 5.400 5.400
**D FCP DEGUSSA DYNAMIQUE 0 18.400 18.400
**D 1495 FCP CONTINENTAL 0 11.800 11.800
**D FCP COMTE 0 20.000 20.000
**D CM VALEURS ETHIQUES 0 139.887 139.887
**D CM ALLIANCE FCP 0 23.565 23.565
**D CIC SOCIALEMENT RESPONSABLE 0 264.289 264.289
**D FCP CAPSUGEL 0 21.753 21.753
**D FCP BRANT 0 2.979 2.979
**D ARPEGE PREVOYANCE 0 278.000 278.000
**D AREGE 0 122.000 122.000
**D ACM ALLEGRO 1066 0 3.271 3.271
**D ACM ALLEGRO 1065 0 2.787 2.787
**D ACM CAP 1004 0 6.190 6.190
**D FCPE CONVERGENCE DIVERSIFIE 0 617.438 617.438
**D FDT ETHOS 0 210.821 210.821
**D DEXIA EQUITIES L 0 1.636.786 1.636.786
**D STICHTING PENSIOENFONDS VAN DE METALEKTR 0 346.892 346.892
**D POLICEMANS ANNUITY & BENEFIT F.OF CH 0 289.586 289.586
**D STICHTING BEDRIJFSPENSIOENFONDS VOOR 0 1.226.896 1.226.896
**D PENSION PLAN TRUST FUND 0 852.554 852.554
**D TREDJE AP-FONDEN 0 7.998.655 7.998.655
**D FJARDE AP-FONDEN 0 1.800.511 1.800.511
**D AVIVA INVESTORS INTERNATIONAL FUND 0 41.093 41.093
**D THE SPRUCEGROVE DELAWARE TRUST 0 933.986 933.986
**D SIJOITUSRAHASTO ALFRED BERG GLOBAL 0 262.516 262.516
**D AVIVA INVESTORS MANAGED FUND ICVC - DIVERSIFIED STRATEGY FUND 0 107.389 107.389
Page 3

UniCredit S.p.A. 29 April 2011 19.21.12
RESULTS OF VOTING
Subjetc: Politica Retributiva di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D AVIVA LIFE & PENSIONS UK LIMITED 0 1.946.700 1.946.700
**D NATIONAL WESTMINSTER REINSURANCE LTD 0 8.178 8.178
**D SPRUCEGROVE GROUP TRUST 0 5.504.601 5.504.601
**D ROYAL SCOTTISH ASSURANCE PLC 0 109.928 109.928
**D RBS INVESTMENT FUNDS ICVC BALANCED FUND 0 161.541 161.541
**D NATIONAL WESTMINSTER LIFE ASSURANCE LTD 0 305.721 305.721
**D AVIVA LIFE PENSIONS UK LIMITED 0 6.099.904 6.099.904
**D CCC REG DE CADRES DE LA VILLE MONTREAL 0 618.766 618.766
**D SPRUCEGROVE SPECIAL GLOBAL POOLED FUND 0 1.274.902 1.274.902
**D SPRUCEGROVE INTL POOLED FUND 0 15.192.505 15.192.505
**D BRITISH COLUMBIA INV.MAN.CORPORATION 0 11.672.283 11.672.283
**D GARTMORE EUROPEAN SELECTED OPPORTUNI 0 4.844.390 4.844.390
**D WEST MIDLANDS METROPOLITAN AUTHORITI 0 3.230.000 3.230.000
**D WEST YORKSHIRE PENSION FUND 0 2.965.509 2.965.509
**D CITY OF AUSTIN EMPLOYEES RETIR SYSTE 0 544.020 544.020
**D TEXAS MUTUAL INSURANCE COMPANY 0 1.193.311 1.193.311
**D 1199 HEALTHCARE EMPLOYEES PENSION TRUST 0 2.205.001 2.205.001
**D HONEYWELL INT INC MASTER RETIR TRUST 0 1.055.163 1.055.163
**D CHURCH OF ENGLAND INV FD FOR PENSION 0 506.098 506.098
**D LOCKHEED MARTIN CORP MASTER TRUST 0 1.924.964 1.924.964
**D ORGANISATION EUROPEENNE DE RECHERCHE NUCLEAIRE CERN (CAISSE DE PENSION) 0 188.231 188.231
**D HSS (LUX) 0 3.170.560 3.170.560
**D TEACHERS RETIREMENT SYSTEM OF OKLAHOMA 0 912.290 912.290
**D JNL/CAPITAL GUARDIAN GLOBAL BALANCED FUND 0 368.566 368.566
**D CAPITAL GUARDIAN EMPLOYEE BENEFIT INVEST 0 2.468.688 2.468.688
**D MOTOROLA INC PENSION PLAN 0 340.374 340.374
**D FIM LUXEMBOURG 0 4.377 4.377
**D CSA L GLOBAL QUANT EQUITY POOL 0 2.395 2.395
**D CAPITAL INTERNATIONAL FUND 0 175.863 175.863
**D EQUITY FUND FOR TAX EXEMPT TRUSTS 0 583.754 583.754
**D GARTMORE EUROPEAN INVESTMENT PLC 0 407.440 407.440
**D CAPITAL GUARDIAN ALL COUNTRY WORLD EQUITY FUND 0 522.852 522.852
**D CMD AGIRC DIV 3 0 1.600.000 1.600.000
**D CIKK FUND 0 202.097 202.097
**D FCP IMPY INVESTISSEMENT 0 10.000 10.000
**D AVIVA STAFF PENSION TRUSTEE LIMITED AS TRUSTEE OF AVIVA STAFF PENSION SCHEME 0 162.939.698 162.939.698
**D CADMOS FUND MANAGEMENT-GUILE EMERGING MARKETS ENGAGEMENT FUND 0 150.000 150.000
**D NATIXIS AM 0 2.229.125 2.229.125
**D GENERALI INVESTMENTS FRANCE 0 1.030.299 1.030.299
**D GENERALI INVESTMENTS FRANCE 0 536.530 536.530
**D EPARGNE RETRAITE INTERNATIONAL 0 683.057 683.057
**D AGI FRANCE 0 20.414.411 20.414.411
**D AGI FRANCE 0 6.000.000 6.000.000
Page 4

UniCredit S.p.A. 29 April 2011 19.21.12
RESULTS OF VOTING
Subjetc: Politica Retributiva di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D AGIF 0 200.000 200.000
**D JRJ INVESTMENT FUND, LTD/BRANDES 0 7.800 7.800
**D CALVERT CTY VOL FIRE RESCUE 0 13.337 13.337
**D HIBERNIAN LIFE & PENSIONS FUND 0 585.165 585.165
**D AVIVA INVESTORS INTERNATIONAL INDEX TRACKING FUND 0 429.450 429.450
**D AVIVA INVESTORS BALANCED MANAGED FUND 0 37.655 37.655
**D STICHTING MN SERVICES EUROPE EX UK EQUITY FUND 0 117.475 117.475
**D STICHTING PENSIOENFONDS METAAL EN TECHNIEK 0 1.923.286 1.923.286
**D STICHTING MN SERVICES AANDELENFONDS EUROPA 0 324.900 324.900
**D STICHTING MN SERVICES AANDELENSFONDS EUROPA III 0 36.737 36.737
**D THE JOHNS HOPKINS UNIVERSITY 0 304.761 304.761
**D ARCHITAS MULTI-MANAGER ICVC II 0 299.000 299.000
**D NOTTINGHAMSHIRE COUNTY COUNCIL PENSION FUND 0 888.181 888.181
**D METROPOLITAN LIFE INSURANCE COMPANY 0 930.899 930.899
**D PAX MSCI EAFE ESG INDEX ETF 0 8.132 8.132
**D WUT44 0 359.950 359.950
**D CAPITAL INTERNATIONAL - INTERNATIONAL EQUITY 0 94.750 94.750
**D CELANESE AMERICAS RETIREMENT PENSION PLAN 0 471.009 471.009
**D IAM NATIONAL PENSION FUND 0 465.167 465.167
**D THE J PAUL GETTY TRUST 0 414.221 414.221
**D MERSEYSIDE PENSION FUND 0 2.284.665 2.284.665
**D AARGAUISCHE PENSIONSKASSE 0 295.597 295.597
**D ANDRA AP-FONDEN (AP2) 0 15.279.000 15.279.000
**D FORTIS INVESTMENT MANAGEMENT 0 794.684 794.684
**D CAISSE DES DEPOTS ET CONSIGNATIONS 0 9.670.767 9.670.767
**D CAISSE DES DEPOTS ET CONSIGNATION 0 27.475.069 27.475.069
**D FONDS DE RESERVE POUR LES RETRAITES 0 348.100 348.100
**D RAVGDT DIVERSIFIE I ALLIANZ GLOBAL INVES 0 400.000 400.000
**D FCP ERAFP ACTIONS EUROS4 BTF P 0 732.300 732.300
**D LBPAM ACTIONS EUROPE 0 2.270.000 2.270.000
**D LBPAM ACTIONS FINANCE 0 344.000 344.000
**D XENYS 0 90.000 90.000
**D FCP TONI ACTIONS 100 0 967.289 967.289
**D LBPAM VOIE LACTEE 2 0 164.636 164.636
**D TUTELAIRE ACTIONS 0 145.000 145.000
**D TUTELAIRE ACTIONS ETHIQUES 0 73.475 73.475
**D VIVACCIO ACTIONS 0 3.619.180 3.619.180
**D LBPAM ACTIONS DIVERSIFIE 0 1.553.909 1.553.909
**D LBPAM ACTIONS EURO 0 6.000.000 6.000.000
**D LBPAM ACTIONS INDICE 0 4.659.124 4.659.124
**D LBPAM PROFIL 80 PEA 0 1.174.789 1.174.789
**D LBPAM PROFIL 100 0 415.924 415.924
**D LBPAM ACTIONS DEVELOPPEMENT DURABLE 0 4.140.627 4.140.627
Page 5

UniCredit S.p.A. 29 April 2011 19.21.12
RESULTS OF VOTING
Subjetc: Politica Retributiva di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D LBPAM ACTIONS ISR MONDE 0 100.000 100.000
**D VILLIERS DIVERSIFIE DEXIA AM 0 501.509 501.509
**D RAVGDT DIVERSIFIE II DEXIA AM 0 59.992 59.992
**D FCP VILLIERS CROISSANCE 0 4.003.383 4.003.383
**D FCP MATMUT ACTIONS EURO 0 800.000 800.000
**D FCP A.A.-DEXIA-ISR 0 27.002 27.002
**D BOURBON 4 0 96.624 96.624
**D UNIVERS CNP 1 0 1.010.195 1.010.195
**D CNP ACP ACTIONS LT 0 201.656 201.656
**D CROISSANCE DIVERSIFIE 0 6.964 6.964
**D CONCORDE 96 0 91.268 91.268
**D NATIXIS ISR ACTIONS 0 751.529 751.529
**D IXIS FLAMME 0 227.600 227.600
**D FCP NATIXIS IONIS 0 91.951 91.951
**D I CROISSANCE 0 90.163 90.163
**D MEDERIC ALZHEIMER IXIS AM 0 37.361 37.361
**D CMD AGIRC IXIS D 0 777.436 777.436
**D BOURBON 5 0 98.346 98.346
**D IXIS EURO ACTIONS 0 1.903.720 1.903.720
**D ECUREUIL 1,2,3 FUTUR 0 1.603.784 1.603.784
**D ECA DIVERSIFIE 0 95.660 95.660
**D FCP NATIXIS ACTIONS EURO GROWTH 0 640.000 640.000
**D CNP ASSUR PIERRE 0 181.343 181.343
**D CNP ASSUR VALEURS 0 335.546 335.546
**D AGIRC BD 0 116.049 116.049
**D FCP CNP GGR 0 96.721 96.721
**D ABP ACTIONS 0 20.523.328 20.523.328
**D AREGE 2IC 0 80.638 80.638
**D FCP RSRC DIVERSIFIE 0 385.217 385.217
**D CARBP DIVERSIFIE 0 205.062 205.062
**D MONNET 0 53.944 53.944
**D FCP RL PREVOYANCE 0 189.469 189.469
**D ABP CROISSANCE RENDEMENT 0 800.000 800.000
**D FRUCTIFONDS VALEURS EUROPEENNES 0 846.854 846.854
**D PREPAR CROISSANCE 0 222.439 222.439
**D IMPACT ISR CROISSANCE 0 146.773 146.773
**D AREVA DIVERSIFIE OBLIGATAIRE 0 88.349 88.349
**D OCP EPARGNE 0 21.424 21.424
**D FCPE SAFRAN DYNAMIQUE 0 192.288 192.288
**D EGEPARGNE 1 0 72.569 72.569
**D EGEPARGNE 2 0 1.600.030 1.600.030
**D HUTCHINSON ACTIONS 0 46.572 46.572
**D FCPE FCP REGULIER AIR LIQUIDE DEVELOPPEMENT 0 16.986 16.986
Page 6

UniCredit S.p.A. 29 April 2011 19.21.12
RESULTS OF VOTING
Subjetc: Politica Retributiva di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D FCPE FODIV 0 64.052 64.052
**D FCPE NATIXIS AVENIR 1 PERFORMANCE 0 226.170 226.170
**D FCPE NATIXIS AVENIR 2 DYNAMIQUE 0 38.660 38.660
**D FCPE NATIXIS AVENIR 3 CROISSANCE 0 100.721 100.721
**D FCPE NATIXIS AVENIR 4 EQUILIBRE 0 158.202 158.202
**D FCPE NATIXIS AVENIR 5 RENDEMENT 0 63.600 63.600
**D SAFRAN MIXTE 0 45.515 45.515
**D NATIXIS ES ACTIONS EURO 0 425.440 425.440
**D IMPACT ISR RENDEMENT SOLIDAIRE 0 127.772 127.772
**D FCPE IMPACT ISR PERFORMANCE 0 310.287 310.287
**D IMPACT ISR DYNAMIQUE 0 68.621 68.621
**D IMPACT ISR EQUILIBRE 0 722.434 722.434
**D FCPE NATIXIS AVENIR MIXTE SOLIDAIRE 0 12.945 12.945
**D AVIVA UKGI INVESTMENTS LIMITED 0 866.402 866.402
**D THE CITY OF NEW YORK GROUP TRUST 0 7.763.809 7.763.809
**D UNISUPER 0 1.072.979 1.072.979
**D SPRUCEGROVE NON-US EQUITY LLC 0 1.064.917 1.064.917
**D NON-US EQUITY MANAGERS PORTFOLIO 1 SERIES 0 575.603 575.603
**D MLC LIMITED 0 49.422 49.422
**D MLC LIMITED 0 83.301 83.301
**D ARK LIFE ASSURANCE COMPANY LIMITED 0 497.204 497.204
**D FORSTA AP-FONDEN . 0 4.177.842 4.177.842
**D ARK LIFE ASSURANCE COMPANY LIMITED 0 52.822 52.822
**D NBT MAIN A C (NCB CLEARING SVCS) 0 938.293 938.293
**D RIVER AND MERCANTILE UK EQUITYLONG TERM RECOVERY FUND 0 140.000 140.000
**D STICHTING PENSIOENFONDS UWV . 0 854.076 854.076
**D ACHMEA UNIT LINKED BELEGGINGSFONDSEN 0 349.080 349.080
**D WM POOL CAPITAL INTERNATIONAL GLOBAL EQUITIES TRUST 0 4.839.550 4.839.550
**D AIR CANADA PENSION MASTER TRUSTFUND 0 2.430.074 2.430.074
**D BJC HEALTH SYSTEM . 0 726.330 726.330
**D CATHOLIC UNITED INVESTMENT TRUST 0 1.408.456 1.408.456
**D CARGILL INC. & ASSOCIATED COMPANIES MASTER PEN 0 321.790 321.790
**D COX ENTERPRISES INC MASTER TRUST 0 267.084 267.084
**D ELECTRICAL WORKERS LOCAL 26 PENSION TRUST FUND 0 99.123 99.123
**D CBIS GLOBAL FUNDS PLC 0 90.000 90.000
**D KANSAS PUBLIC EMPLOYEES RETIREMENT 0 743.031 743.031
**D COUNTY OF LOS ANGELES DEFERRED COMPENSATION AND THRIFT PLAN 0 1.674.327 1.674.327
**D DELAWARE AGGRESSIVE ALLOCATIONPORTFOLIO 0 143.641 143.641
**D THE SALVATION ARMY TERRITORIAL HEADQUAR 0 448.254 448.254
**D THE SALVATION ARMY OFFICERS` RETIREMENT TRUST FUN 0 97.464 97.464
**D GEN BRD OF PENSION&HEALTH BNFTOF THE UNITED METHOD 0 2.601.490 2.601.490
**D THE BOSTON COMMON INTNL SOCIAL INDEX FUND, LLC 0 63.370 63.370
**D MATMUT ACTIONS EURO 0 800.000 800.000
Page 7

UniCredit S.p.A. 29 April 2011 19.21.12
RESULTS OF VOTING
Subjetc: Politica Retributiva di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
1139 GIGLIONI ALVARO 1 0 1
1287 ROSANIA ELMAN 0 0 0
*** LUCIANO LIDIA 0 10 10
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 9.210 9.210
1882 DOBRILLA RICCARDO 1 0 1
2047 LA VERDE LUCIO 8.500 0 8.500
Total vote 522.611.686
Percentage of voters% 6,265911
Percentage of Capital% 2,711450
Page 8

UniCredit S.p.A. 29 April 2011 19.21.12
RESULTS OF VOTING
Subjetc: Politica Retributiva di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
1027 DE COSMO AMANDA 0 0 0
**D F+C FUND 0 1.696.697 1.696.697
**D HELABA INVEST KAPITALANLAGENG ESELLSCHAFT MBH 0 100 100
**D F&C INSTITUTIONAL INVESTMENT FUNDS ICVC 0 1.839.153 1.839.153
**D STICHTING PENSIOENFONDS VOOR HUISARTSEN 0 192.099 192.099
**D STICHTING PENSIOENFONDS MEDISCHE SPECIALISTEN 0 239.097 239.097
**D FRIENDS PROVIDENT PENSIONS LIMITED 0 1.399.336 1.399.336
**D FC OPEN ENDED INVEST COMPANY ICVC BLUE F 0 133.474 133.474
**D SEI TT INTERNATIONAL EUROPE EX UK EQUITY POOL 0 2.598.624 2.598.624
**D SEI JP MORGAN INTERNATIONAL EUROPE EX UK EQUITY POOL 0 3.150.000 3.150.000
**D FRIENDS PROVIDENT LIFE PENSION LTD 0 412.654 412.654
**D CITY OF PHILADELPHIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0 352.048 352.048
**D METZLER INVESTMENT GMBH FOR MI-FONDS 415 0 2.526.811 2.526.811
**D CNP ASSURANCES SA 0 93.903.921 93.903.921
**D INVESTISSEMENT TRESOR VIE 0 225.039 225.039
**D LA BANQUE POSTALE DE PREVOYANCE 0 144.246 144.246
**D PREVIPOSTE 0 1.377.969 1.377.969
**D STICHTING TRUST F&C UNHEDGE . 0 38.932 38.932
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 6.515 6.515
2717 MAGLIONE GIOVANNI BATTISTA 147 0 147
Total vote 110.236.862
Percentage of voters% 1,321697
Percentage of Capital% 0,571938
Page 9

UniCredit S.p.A. 29 April 2011 19.21.12
RESULTS OF VOTING
Subjetc: Politica Retributiva di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
NOT VOTING
1287 ROSANIA ELMAN 0 0 0
*** CASELLA POTITO 0 24 24
*** CAPPIELLO ANDREA 0 965 965
*** GALANO PASQUALE 0 8.329 8.329
*** ACQUAVIA VITO ANTONIO 0 11 11
*** TELESCA FRANCESCO SAVERIO 0 173 173
*** NOTARGIACOMO GIULIA 0 71.232 71.232
*** MITRIONE MARIA ADELAIDE 0 6.172 6.172
*** DI LUCCHIO LOREDANA ERMINIA 0 1.986 1.986
*** DI LUCCHIO GIANPAOLO CRISTIAN 0 3.984 3.984
*** DELLI COLLI CLEMENTE 0 128.301 128.301
*** DELLI COLLI VALERIA 0 57.948 57.948
*** TELESCA GIANLUCA 0 173 173
*** TELESCA MARIA LUIGIA 0 197 197
*** DE BONIS DONATO ANTONIO 0 11 11
*** VARLOTTA GIOVANNI 0 10 10
*** ATELLA GIANFRANCO 0 1.733 1.733
*** SARI ANGELO 0 18.213 18.213
*** BUFANO TOMMASO 0 13 13
*** MIMMO ANTONIO 0 14.289 14.289
*** GIGLIO DOMENICO 0 144 144
*** CORDASCO DOMENICO 0 11 11
*** CATAPANO SALVATORE CARMINE VINCENZO 0 5 5
*** NOLE` ORIANA 0 3.310 3.310
*** POTENZA DONATO 0 10.000 10.000
*** GUALANDI BIANCA ENRICA 0 1.818 1.818
*** VARLOTTA CINZIA ANNAMARIA 0 10 10
Total vote 329.062
Percentage of voters% 0,003945
Percentage of Capital% 0,001707
Page 10

UniCredit S.p.A. 29 April 2011 19.46.18
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
RESULTS OF VOTING
Subjetc : Group’s compensation practices for 2011
19 (*) persons entitled to vote took part in the voting, representing 8.340.554.404 ordinary shares, equating to
43,273039 % of ordinary share capital of which 25.869 shares were represented in person and 8.340.528.535 by
proxy.
8.340.554.404 ordinary shares were admitted to voting, corresponding to 100,000000% of the shares
represented at the meeting.
The counting of votes produced the following results:
% of share capital present and entitled
to vote %ordinary capital
In Favour 6.353.141.843 votes equating to 76,171697 32,961808
AGAINST 1.869.458.828 votes equating to 22,414083 9,699255
Sub-Total 8.222.600.671 votes equating to 98,585781 42,661063
Abstentions 117.616.171 votes equating to 1,410172 0,610224
Not Voting 337.562 votes equating to 0,004047 0,001751
Sub-Total 117.953.733 votes equating to 1,414219 0,611976
Total 8.340.554.404 votes equating to 100,000000 43,273039
Pursuant to art. 135-undecies of TUF 0 shares were not counted for the calculation of the majority and of share
capital needed for approval to voting, corresponding to % of the shares represented at the meeting.
(*)NOTE:
There were -2 more people in attendance entitled to vote relative to the previous count, representing an
addintional -0,000001% of ordinary share capital.
Pag. 1

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
1027 DE COSMO AMANDA 0 0 0
**D CIBC BANK AND TRUST COMPANY CAYMAN LIMITED 0 951 951
**D ROYAL BANK OF CANADA (CHANNELL ISLANDS) LIMITED 0 2.222 2.222
**D LPIP, AKT GLOBALE II(AKTIV FOR C/O NYKREDIT PORTEFOLJE ADM. A/S 0 327.839 327.839
**D LPI AKTIER GLOBALE V C/O NYKREDIT PORTEFOLJE ADM. A/S 0 37.445 37.445
**D F.M.B.A.PENSION EQUITY INVEST I C/O OPERATIONS 0 112.053 112.053
**D NOMURA BANK (LUXEMBOURG) SA CLIENT ACCOUNT 0 605.785 605.785
**D BBH B J T S RE CMA MFS EX-JAPAN GROWTH MOTHER FUND 0 624.030 624.030
**D GMO TAX-MANAGED INTERNATIONAL EQUITIES F 0 543.863 543.863
**D GMO ERISA POOL 0 10.268.839 10.268.839
**D GMO INTERNATIONAL INTRINSIC VALUE FUND 0 8.547.658 8.547.658
**D GMO FOREIGN FUND 0 9.095.923 9.095.923
**D SEI INST INVES TRUST INTERNAT EQTY FUND 0 856.808 856.808
**D SEI INSTITUTIONAL INTERN TRUST INTERNATI 0 2.876.218 2.876.218
**D GMO GLOBAL ACTIVE EQUITY FUND LP 0 330.649 330.649
**D SEI INST INVEST TRUST WORLD EQ EX-US FUN 0 1.581.850 1.581.850
**D GMO DEVELOPED WORLD STOCK FUND 0 771.520 771.520
**D GMO INTERNATIONAL CORE EQUITY FUND 0 4.938.400 4.938.400
**D NATIXIS INTERNT FUNDS LUX I 0 174.759 174.759
**D OFI INSTITUTIONAL INTERNATIONAL INDEX FU 0 91.257 91.257
**D SEI INST INV TRUST SCREENED WORL 0 17.945 17.945
**D THE EUROPEAN EQUITY FUND INC. 0 1.200.000 1.200.000
**D GMO FUNDS PLC 0 529.220 529.220
**D BBH B J T S RE CMA MFS EX-JAPAN GROWTH MOTHER FUND 0 23.278 23.278
**D BBH B FOR TMTBJ RE: MUTB400037270 0 135.444 135.444
**D GMO REAL RET ASS ALL FUND LP 0 68.030 68.030
**D FPP GLOBAL ENDEAVOUR DEVELOPED MARKETS F 0 2.449 2.449
**D BBH/LIFEYRISSJODUR VERZLUNARMANNA-PENSIO 0 133.871 133.871
**D NATIONAL AUTOMATIC SPRINKLER INDUSTRY PENSION FUND (TRILOGY) 0 519.485 519.485
**D 3 TO 1 DIVERSIFIED EQUITY FUND 0 141.207 141.207
**D HUNTINGTON NATIONAL BANK 0 75.000 75.000
**D HUNTINGTON NATIONAL BANK INTERN EQ FUND 0 1.100.000 1.100.000
**D MANULIFE INTERNATIONAL LTD 0 767.832 767.832
**D EIS SERVICES BERMUDA LTD 0 471.805 471.805
**D MANULIFE PROPERTY LTD PARTNERSHIP 0 606.941 606.941
**D HSBC FD SERV MANUFACT LIFE INSURA CO LTD 0 649.097 649.097
**D UNPMF 0 418.791 418.791
**D QUATREM ASSURANCE COLLECTIVE 0 180.301 180.301
**D BDF-FONDS E ACT. EUROP. 0 100.586 100.586
**D VRP 2 0 571.143 571.143
**D FCPE MULTIPAR ACTS SR 0 266.775 266.775
**D FCP PRADO VAUBAN DIVERSIFIE 0 102.774 102.774
**D FCPE MULTIPAR EQ. SOC. RES 0 96.085 96.085
Page 1

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D FCP FCE PLACT EURO BIS 0 3.977.498 3.977.498
**D FCP FCE INVEST EURO 0 2.996.831 2.996.831
**D FCP COEFFICIENCE 0 560.067 560.067
**D FCP BNP PARIBAS INDICE EURO 0 1.758.457 1.758.457
**D PRADO ACTIONS 0 1.967.789 1.967.789
**D FCPE EQUILIBRE SOLIDARITE 0 95.252 95.252
**D FCPE EXPANSION SOLIDARITE 0 61.596 61.596
**D ETHIS VALEURS 0 474.835 474.835
**D ETHIS VITALITE` 0 44.952 44.952
**D FCP GUENEGAUD REVENUS 0 67.987 67.987
**D FCP FEDERIS IRC ACTIONS 0 916.619 916.619
**D FCP FEDERIS ACT QUATREM 0 650.000 650.000
**D FEDERIS EPARGNE EQUILIBREE 0 222.365 222.365
**D FCPE FDS DIVERSIF.TEL 1 0 45.553 45.553
**D FCPE SAUR EPARGNE 0 193.298 193.298
**D FCP CNP ACTIONS EM 0 557.997 557.997
**D EASY ETF DJ EURO STOXX 0 271.488 271.488
**D FCP AG2R EURO ACTIONES 0 5.850.003 5.850.003
**D FCP ACTIONS ISR 0 1.600.000 1.600.000
**D FCP EURO ETHIQUE INSTITUTIONS 0 2.300.000 2.300.000
**D FCP FEDERIS EURO ACTIONS 0 2.270.000 2.270.000
**D HORIZON SOLIDARITE CROISSANCE 0 14.007 14.007
**D HORIZON SOLIDARITE AUDACE 0 13.275 13.275
**D MULTIPAR SOLIDAIRE DYNA SR 0 168.139 168.139
**D INVESCO ACTIONS EUROPE 0 1.386.002 1.386.002
**D FCP NF COLLINES IN 0 1.621.032 1.621.032
**D EASY ETF EURO STOXX 50 0 6.076.083 6.076.083
**D FCPE GPE FORD FR.BNP DIV ND 0 68.216 68.216
**D FCPE MASTERFOODS 0 156.323 156.323
**D FCPE LIMACTIF 0 48.410 48.410
**D FCPE KONE INVESTISSEMENT 0 86.334 86.334
**D FCPE BMS ACTIONS 0 114.265 114.265
**D FCPE DIVERSIMONDE 0 48.565 48.565
**D FCP BNP ACTIONS PEA EURO 0 3.609.624 3.609.624
**D FCP BNP ACTION EUROPE 0 193.131 193.131
**D FCP MEDERIC ACTION 0 922.001 922.001
**D FCP FEDERIS EUROPE ACTIONS 0 677.000 677.000
**D ETHIQUE SOLIDARITE-FCPE SOLIDAIRE 0 17.430 17.430
**D OMEGA DIVERISFIE 0 118.362 118.362
**D OFI NEMO 0 1.400.000 1.400.000
**D OFI LEADER 0 871.084 871.084
**D OFI CIBLE 0 1.586.400 1.586.400
**D ALPHA DIVERSIFIE 0 70.911 70.911
Page 2

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D NATEXIS PERFORMANCE I 0 27.134 27.134
**D D&O DEXIA ISR 0 92.421 92.421
**D FEDERIS AVENIR EURO-PE 0 2.544.200 2.544.200
**D HENDERSON GLOBAL FINANCIAL FUND 0 682.266 682.266
**D HENDERSON EUROPEAN ENHANCED EQUITY FUND 0 2.323.129 2.323.129
**D WITAN INVESTMENT TRUST PLC 0 446.126 446.126
**D INVESCO ZVEI FONDS 0 175.153 175.153
**D PARWORLD 0 729.490 729.490
**D PARVEST 0 24.050.970 24.050.970
**D BPI GLOBAL INVESTMENT FUND 0 216.114 216.114
**D CSA L EQUITY WORLD 0 2.647 2.647
**D INSURANCE COMMISSION OF WETERN AUSTRALIA 0 66.777 66.777
**D ENHANCED INDEX INTERNATIONAL SHARE FUND 0 2.168.551 2.168.551
**D FCP SCORE SAXE 0 10.000 10.000
**D OTIS EP DIVERSIFIE SOLIDAIRE 0 84.046 84.046
**D FCP GAILLON 130/30 0 93.351 93.351
**D FCP ES GESTION EQUILIBRE 0 1.115.644 1.115.644
**D FCP ES DYNAMIQUE 0 598.287 598.287
**D FCP ES TEMPERE 0 123.680 123.680
**D SERENIS CAP 1101 0 34.304 34.304
**D VALORACTIONS 0 23.000 23.000
**D LOGICA MOTIVATION 0 9.200 9.200
**D FCP UNI 1 0 149.571 149.571
**D FCP SUD EST ELITE EQUILIBRE 0 40.000 40.000
**D FCP SUD EST ELITE DYNAMISME 0 60.000 60.000
**D SOCIAL ACTIVE DIVERSIFIE 0 16.573 16.573
**D SOCIAL ACTIVE ACTIONS 0 48.291 48.291
**D FCP SCORE SAINT JOSEPH 0 7.847 7.847
**D FCP SCORE SAINTE URSULE 0 7.163 7.163
**D SCORE SAINT NICOLAS 0 43.350 43.350
**D FCP SCORE PILLAUD 0 26.661 26.661
**D FCP SCORE ORMESSON 0 16.714 16.714
**D FCP SCORE M O 0 11.395 11.395
**D FCP SCORE GALIEN 0 35.489 35.489
**D FCP SCORE BON SECOURS 0 25.300 25.300
**D FCP SCORE AUMEX 0 4.025 4.025
**D FCP SCORE AD BESANCON 0 13.644 13.644
**D FCP BRONGNIART AVENIR 0 41.864 41.864
**D FCPE ROUSSELOT DYNAMIQUE 0 14.275 14.275
**D FCP PERRIER INVESTISSEMENT 0 10.000 10.000
**D FCP PATRIMOINE PLACEMENT 5 0 11.432 11.432
**D FCP PATRIMOINE PLACEMENT 3 0 15.124 15.124
**D FCP PATRIMOINE PLACEMENT 2 0 6.197 6.197
Page 3

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D FCP PATRIMOINE PLACEMENT 0 5.162 5.162
**D FCP NORDON INDUSTRIES 0 12.075 12.075
**D MONSANTO ACTIONS 0 50.071 50.071
**D FCP MGE DYNAMIQUE EURO 0 60.000 60.000
**D FCP LUCKY 0 9.039 9.039
**D FCP HOWMET DIVERSIFIE 0 4.350 4.350
**D FCP HENKEL DIVERSIFIE N 1 0 12.650 12.650
**D FCP GUTENBERG 0 21.151 21.151
**D FCP GROUPE ROCHE 0 156.000 156.000
**D FCP GROUPE BRIAND 0 8.093 8.093
**D FCP GESTION VALEUR MOBILIERE 0 10.000 10.000
**D FCP GESTION SECURITE DYNAMISME 0 30.000 30.000
**D FCP GESTION PLACEMENT 1 0 24.569 24.569
**D 1515 FCP GERARD PERRIER 0 4.350 4.350
**D FREESCALE DYNAMIQUE 0 19.375 19.375
**D FREESCALE DIVERSIFIE 0 57.500 57.500
**D FCPE FLEURY MICHON DIVERSIFIE 0 11.163 11.163
**D HEINEKEN ENTREPRISE DIVERSIFIE 0 41.400 41.400
**D FCPE EUROP ASSISTANCE DIVERSIFIE 0 20.393 20.393
**D FCP DEGUSSA MIXTE 0 5.400 5.400
**D FCP DEGUSSA DYNAMIQUE 0 18.400 18.400
**D 1495 FCP CONTINENTAL 0 11.800 11.800
**D FCP COMTE 0 20.000 20.000
**D CM VALEURS ETHIQUES 0 139.887 139.887
**D CM ALLIANCE FCP 0 23.565 23.565
**D CIC SOCIALEMENT RESPONSABLE 0 264.289 264.289
**D FCP CAPSUGEL 0 21.753 21.753
**D FCP BRANT 0 2.979 2.979
**D ARPEGE PREVOYANCE 0 278.000 278.000
**D AREGE 0 122.000 122.000
**D ACM ALLEGRO 1066 0 3.271 3.271
**D ACM ALLEGRO 1065 0 2.787 2.787
**D ACM CAP 1004 0 6.190 6.190
**D FCPE CONVERGENCE DIVERSIFIE 0 617.438 617.438
**D FDT ETHOS 0 210.821 210.821
**D JAPAN TRUSTEE SERVICES BANK,LTD INV.FUND 0 96.646 96.646
**D FIRST CLEARING LLC 0 330.316 330.316
**D DEXIA EQUITIES L 0 1.636.786 1.636.786
**D PEPSICO MASTER RETIREMENT TRUST 0 857.851 857.851
**D PFIZER INC.RETIREMENT ANNUITY PLAN 0 338.294 338.294
**D ACCIDENT COMPENSATION CORPORATION 0 249.108 249.108
**D AMERICAN COLLEGE OF SURGEONS 0 58.026 58.026
**D AMERICAN LEBANESE SYRIAN ASSOCIATED 0 99.705 99.705
Page 4

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D DAILY M&G TRUST SENIOR EXECUTIVES 0 60.994 60.994
**D CADBURY SCHWEPPES PLC PENSION TRUST LTD 0 180.628 180.628
**D THE CLESS CAPITAL TRUST 0 3.476 3.476
**D CHEMTURA CORPORATION MASTER RETIR TR 0 108.070 108.070
**D THE CALIFORNIA WELLNESS FOUNDATION 0 67.984 67.984
**D WILLIAM DOHENY GRANDCHILDERN TRUST 0 8.702 8.702
**D FORD FOUNDATION 0 689.034 689.034
**D THE HY-VEE AFFILIATES 401 K PLAN 0 144.224 144.224
**D RBS HBOS EURO SPECIAL SITUATIO 0 2.013.644 2.013.644
**D ILLINOIS CONSOLIDATED TELEPHONE TST 0 19.808 19.808
**D ILLINOIS TOOL WORKS MASTER TRUST 0 635.377 635.377
**D JEWISH COMMUNITY FED SAN FRANCISCO 0 15.870 15.870
**D THE JENNIFER U.CLESS CHILDS TRUST 0 4.830 4.830
**D LEGAL AND GENERAL GLOBAL GROWTH TRUS 0 197.675 197.675
**D LEGAL&GENERAL EUROPEAN INDEX TRUST 0 10.591.357 10.591.357
**D RBS LEGAL E GENERAL INTL INDEX TRUST 0 235.083 235.083
**D THE MARTIN CLESS CHILD UAD 4/23/90 0 4.499 4.499
**D ML LAWRENCE TRUST 0 7.600 7.600
**D EDWARD E ANNA MITCHELL FAMILY FOUNDA 0 1.500 1.500
**D NORTHERN GLOBAL SUSTAINABILITY INDEX FUN 0 110.234 110.234
**D NORTHWESTERN UNIVERSITY 0 100.089 100.089
**D PEOPLES ENERGY RETIREMENT PLAN 0 134.100 134.100
**D NATIONAL RAILROAD INVESTMENT TRUST 0 4.224.252 4.224.252
**D NATIONAL RAILROAD RET INVESTMENT TRUST PUBL FUND 0 3.412.348 3.412.348
**D SURREY COUNTY COUNCIL PENSION FUND 0 222.916 222.916
**D TENNESSE CONSOLIDATED RETIREMENT SYSTEM 0 653.782 653.782
**D THE NUFIELD FOUNDATION 0 26.471 26.471
**D WANDSWORTH BOROUGH COUNCIL PENSION FUND 0 579.652 579.652
**D CABLE & WIRELESS RETIREMENT PLAN 0 54.113 54.113
**D NEW ZEALAND SUPERANNUATION FUND 0 500.854 500.854
**D FORD MOTOR COMPANY DEFINED BENEFIT 0 193.940 193.940
**D STICHTING PENSIOENFONDS VAN DE METALEKTR 0 346.892 346.892
**D CITY OF MILWAUKEE EMPLOY RETIREMENT 0 537.920 537.920
**D AMERICAN HONDA MOTOR CO RETIREMENT 0 536.390 536.390
**D BAYCARE SYSTEM MASTER CUSTODY POOL 0 490.323 490.323
**D BANNER HEALTH SYSTEM 0 1.251.583 1.251.583
**D BRANDES INVEST PARTNERS LP 401K 0 12.984 12.984
**D BAY CARE HEALTH SYSTEM GROUP INVEST. 0 13.789 13.789
**D CITY OF FRESNO RETIREMENT SYSTEM 0 312.853 312.853
**D CITY OF MILWAUKEE EMPLOY RETIREMENT 0 887.327 887.327
**D CHRISTIAN SCHOOL PENSION AND TRUST 0 234.556 234.556
**D EMPLOYEES RET FUND - CITY OF DALLAS 0 597.677 597.677
**D DANAHER CORPORATION RETIREMENT PLAN MASTER TRUST 0 373.514 373.514
Page 5

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D FIREMANS ANNUITY AND BENEFITS FUND O 0 152.699 152.699
**D FORTUNE BRANDS,INC MASTER PENSION TR 0 504.935 504.935
**D HOUSTON POLICE OFFICERS PENS SYSTEM 0 1.017.901 1.017.901
**D ILLINOIS MUNICIPAL RETIREMENT FUND 0 881.700 881.700
**D HENRY J KAISER FAMILY FOUNDATION 0 16.310 16.310
**D CITY OF LOS ANGELES FIRE POLICE PLAN 0 705.573 705.573
**D MONTGOMERY COUNTY EMPLOYEES` RETIR 0 211.040 211.040
**D MEMPHIS GAS LIGHTEWATER RETIR.EPENSI 0 334.660 334.660
**D REFORM PENSION ROAD 0 47.614 47.614
**D SISTERS OF PROVIDENCE RETIRE. PLAN 0 63.615 63.615
**D SAN FRANCISCO CITY & COUN.RET.SYSTEM 0 1.230.163 1.230.163
**D UFCW LOCAL 152 RETAIL MEAT PENSION FD 0 93.351 93.351
**D VOLKSWAGEN US.INC.E.RETIREMENT PLAN 0 31.953 31.953
**D STICHTING BEDRIJFSPENSIOENFONDS VOOR 0 1.226.896 1.226.896
**D FUNDO DE PENSOES 0 293.961 293.961
**D HOSPITAL AUTHORITY PROVIDENT FUND S. 0 1.490.156 1.490.156
**D BRANDES INL`T EQUITY FUND 0 61.099 61.099
**D SANFORD TAFT-HARTLEY VALUE SERIES 0 202.335 202.335
**D ATD FAMILY LTD PARTNERSHIP DTD 0 1.860 1.860
**D GRIFFIN FAMILY TRUST 0 36.890 36.890
**D GRAHAM CAPITAL PARTNERSHIP I LP 0 29.914 29.914
**D LCL FAMILY LIMITED PARTNERSHIP 0 1.288 1.288
**D LAS OLAS EQUITY PARTNERS LP 0 50.287 50.287
**D LJR LIMITED PARTNERSHIP 0 402.604 402.604
**D MONDRIAN GLOBAL EQUITY FUND L.P. 0 505.011 505.011
**D LOR PIP INTERNATIONAL 0 293.383 293.383
**D THOMPSON & MURFF 0 21.347 21.347
**D MS FUND LP 0 1.413.796 1.413.796
**D WHD FAMILY LIMITED PARTNERSHIP 0 8.193 8.193
**D BRADLEY JR. TRUSTS MASTER INVESTMENT 0 279.826 279.826
**D JANE BRADLEY UIHLEIN INVESTMENT LLP 0 526.537 526.537
**D SANFORD BERNSTEIN DELAWARE BUSINESS 0 833.265 833.265
**D THE TAYSIDE SUPERANNUATION FUND 0 7.426.543 7.426.543
**D CITY OF REGINA POLICE PENSION PLAN 0 104.925 104.925
**D CITY OF REGINA CIVIC SUPER BENEFIT 0 690.752 690.752
**D PENSION PLAN TRUST FUND 0 852.554 852.554
**D MICROSOFT GLOBAL FINANCE LIMITED 0 610.933 610.933
**D ST ANDREWS LIFE ASSURANCE PLC 0 216.979 216.979
**D CLERICAL MED INVEST GROUP LIMITED 0 566.584 566.584
**D CLERICAL MEDICAL MANAGED FUNDS LTD 0 63.027 63.027
**D HALIFAX INTL INVEST ICVC EUROPEAN FD 0 1.710.855 1.710.855
**D ANGLIAN WATER PENSION SCHEME 0 26.237 26.237
**D TREDJE AP-FONDEN 0 7.998.655 7.998.655
Page 6

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D UBS FUND MANAGEMENT (SWITZERLAND) AG 0 1.919.754 1.919.754
**D UBS FUND MANAGEMENT (LUXEMBOURG) S.A. 0 36.606.214 36.606.214
**D UBS (LUX) EQUITY FUND - EURO COUNTRIES 0 14.407.864 14.407.864
**D UBS (LUX) KEY SELECTION SICAV 0 4.597.585 4.597.585
**D UBS (LUX) EQUITY SICAV 0 2.323 2.323
**D UBS (LUX) STRATEGY FUND 0 224.859 224.859
**D UBS FUND MANAGEMENT (LUXEMBOURG) S.A 0 123.020 123.020
**D UBS (LUX) STRATEGY XTRA SICAV 0 139.066 139.066
**D SYNTRUS ACHMEA MULTI MANAGER POOL EUROPE 0 1.733.282 1.733.282
**D UNIVEST 0 3.710.099 3.710.099
**D THE MASTER TRUST BANK OF JAPAN, LTD AS TRUSTEE FOR MORGAN STANLEY DEVELOPED 0 14.769 14.769
**D JAPAN TRUSTEE SERVICES BANK LTD AS TRUST 0 1.173.293 1.173.293
**D VINSON & ELKINS LLP RETIREMENT PLANS MAS 0 48.477 48.477
**D SMA RELATIONSHIP TRUST-SERIES A 0 11.590 11.590
**D SCHRODER INTERNATIONAL DIVERSIFIED VALUE 0 6.271 6.271
**D WINDSTREAM MASTER TRUST 0 128.700 128.700
**D GENERAL CABLE CORPORATION MASTER RETIREM 0 32.000 32.000
**D UBS MARKET NEUTRAL MULTI-STRATEGY FUND 0 8.433 8.433
**D THE CHASE MANHATTAN BANK 0 69.891 69.891
**D GRAND LODGE OF PENNSYLVANIA CONSOLIDATED 0 281.507 281.507
**D AXA-EB 510 0 84.351 84.351
**D AVIVA INVESTORS INTERNATIONAL FUND 0 41.093 41.093
**D SCHRODER INTERNATIONAL SELECTION FUND 0 4.842.644 4.842.644
**D SCHRODER GLOBAL EQUITY FUND 0 668.468 668.468
**D INTECH INTERNATIONAL SHARES HIGH OPPORTU 0 59.201 59.201
**D UBS GLOBAL ASSET MANAGEMENT LIFE LTD 0 2.569.277 2.569.277
**D UBS EUROPEAN EQUITY FUND 0 1.494.277 1.494.277
**D UBS DYNAMIC ALPHA STRATEGIES MASTER FUND 0 389.809 389.809
**D BANKING & PAYMENTS AUTHORITY OF TIMOR-LE 0 187.181 187.181
**D LABOR PENSION FUND SUPERVISORY COMMITTEE-LABOR RETIREMENT FUND 0 98.395 98.395
**D SCHRODER GLOBAL DYNAMIC BLEND FUND 0 950.311 950.311
**D SIJOITUSRAHASTO ALFRED BERG GLOBAL 0 262.516 262.516
**D THE MASTER TRUST BANK OF JAPAN, LTD. AS 0 70.012 70.012
**D SCHRODER GLOBAL ACTIVE VALUE FUND 0 468.355 468.355
**D AVIVA INVESTORS MANAGED FUND ICVC - DIVERSIFIED STRATEGY FUND 0 107.389 107.389
**D AVIVA LIFE & PENSIONS UK LIMITED 0 1.946.700 1.946.700
**D NATIONAL WESTMINSTER REINSURANCE LTD 0 8.178 8.178
**D AMONIS NV 0 234.059 234.059
**D SCHRODER DIVERSIFIED GROWTH FUND 0 712.244 712.244
**D FAMANDSFORENINGEN PENSAM INVEST PSI 10 G 0 318.708 318.708
**D THE BOEING COMPANY EMPLOYEE RETIREMENT P 0 82.900 82.900
**D JP MORGAN CHASE RETIREMENT PLAN 0 2.138.778 2.138.778
**D GOVERNMENT OF NORWAY 0 293.374.675 293.374.675
Page 7

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D T ROWE PRICE INTERNATIONAL INDEX FUND, I 0 572.822 572.822
**D VANTAGEPOINT OVERSEAS EQUITY INDEX FUND 0 246.005 246.005
**D UBS DYNAMIC ALPHA FUND 0 231.648 231.648
**D SBC MASTER PENSION TRUST 0 491.774 491.774
**D TEACHERS RETIREMENT SYSTEM OF OKLAHOMA 0 3.097.087 3.097.087
**D JP MORGAN CHASE 401(K) SAVINGS PLAN 0 1.690.684 1.690.684
**D JNL/MELLON CAPITAL MANAGEMENT INTERNATIO 0 1.471.058 1.471.058
**D EMPLOYEES RETIREMENT SYSTEM OF TEXAS. 0 2.467.192 2.467.192
**D STATE OF INDIANA, PUBLIC EMPLOYEES` RETI 0 440.893 440.893
**D FRANKLIN TEMPLETON INVESTMENT FUNDS 0 267.591 267.591
**D GOLDMAN SACHS TRUST - GOLDMAN SACHS INTE 0 113.009 113.009
**D GOLDMAN SACHS TRUST- GOLDMAN SACHS INTER 0 593.429 593.429
**D GOLDMAN SACHS VARIABLE INSURANCE TRUST- 0 1.683.952 1.683.952
**D GOLDMAN SACHS TRUST-GOLDMAN SACHS CONCEN 0 1.472.893 1.472.893
**D GOLDMAN SACHS TRUST - GOLDMAN SACHS STRUCTURED INTERNATIONAL TAX-MANAGED EQUITY 0 2.473.573 2.473.573
**D SCHRODER QEP GLOBAL ACTIVE VALUE FUND 0 1.126.916 1.126.916
**D SCHRODER QEP GLOBAL CORE FUND 0 672.019 672.019
**D ROYAL SCOTTISH ASSURANCE PLC 0 109.928 109.928
**D RBS INVESTMENT FUNDS ICVC BALANCED FUND 0 161.541 161.541
**D NATIONAL WESTMINSTER LIFE ASSURANCE LTD 0 305.721 305.721
**D THE MASTER TRUST BANK OF JAPAN LTD AS TRUSTEE FOT MTBJ400045825 0 2.088.581 2.088.581
**D THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FO FOR MTBJ400045826 0 4.649.673 4.649.673
**D FAMANDSFORENINGEN PENSAM INVEST PSI 31 E 0 386.042 386.042
**D JOHN LEWIS PARTNERSHIP PENSIONS TRUST AS 0 171.365 171.365
**D TAMESIDE MBC RE GREATER MANCHESTER PENSI 0 11.332.663 11.332.663
**D BMW (UK) TRUSTEES LTD, TRUSTEE OF THE BM 0 721.089 721.089
**D PLUMBING & MECHANICAL SERVICES (UK) INDU 0 29.045 29.045
**D PRUDENTIAL STAFF PENSIONS LIMITED AS TRUSTEE 0 142.970 142.970
**D ELKARKIDETZA EPSV 0 545.586 545.586
**D ASTRAZENECA PENSIONS TRUSTEE LIMITED AS 0 235.768 235.768
**D NORGES BANK 0 8.538.184 8.538.184
**D AVIVA LIFE PENSIONS UK LIMITED 0 6.099.904 6.099.904
**D AXA IRELAND PENSION FUND 0 420.000 420.000
**D RT TORONTO POOLED CLIENTS A/C 0 35.072 35.072
**D MANULIFE INTERNATIONAL EQUITY INDEX FUND 0 139.246 139.246
**D MANULIFE INTERNATIONAL EQUITY (83) 0 542.637 542.637
**D MAPLE BROWN ABBOTT INTL EQUITY TRUST 0 123.662 123.662
**D CCEL GLOBAL FINANCIALS FUND II 0 193.128 193.128
**D REGIME DE RETRAITE D HYDRO QUEBEC 0 301.600 301.600
**D GENERAL MOTORS CANADA FOREIGN TRUST 0 337.980 337.980
**D CANADA POST CORPORATION PENSION PLAN 0 9.520.805 9.520.805
**D BRITISH COLUMBIA INV.MAN.CORPORATION 0 11.672.283 11.672.283
**D PETRO CANADA PENS PLAN MASTER TRUST FUND 0 141.200 141.200
Page 8

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D NOVA SCOTIA ASSOC OF HEALTH ORG PENS PL 0 337.040 337.040
**D ABR POLICIERS DE LA VILLE MONTREAL 0 306.353 306.353
**D FONDATION J.A. BOMBARDIER 0 49.536 49.536
**D BELL ALIANT REGIONAL COMMUNICATIONS INC 0 248.523 248.523
**D UNIVERSE THE CMI GLOBAL NETWORK FUND 0 7.772.316 7.772.316
**D ALBERTA TEACHERS RETIREMENT FUND BRD 0 972.623 972.623
**D GARTMORE EUROPEAN SELECTED OPPORTUNI 0 4.844.390 4.844.390
**D WEST MIDLANDS METROPOLITAN AUTHORITI 0 3.230.000 3.230.000
**D WEST YORKSHIRE PENSION FUND 0 2.965.509 2.965.509
**D 1199 HEALTHCARE EMPLOYEES PENSION TRUST 0 2.205.001 2.205.001
**D ORGANISATION EUROPEENNE DE RECHERCHE NUCLEAIRE CERN (CAISSE DE PENSION) 0 188.231 188.231
**D UNILEVER UK PENSION FUND 0 31.740 31.740
**D HSS (LUX) 0 3.170.560 3.170.560
**D UNITED FOOD & COMM WORKERS UNIONS 0 96.071 96.071
**D PUBLIC EDUCATION RET SYSTEM MISSOURI 0 24.699 24.699
**D PUBLIC SCHOOL RET SYSTEM OF MISSOURI 0 290.753 290.753
**D BOILERMAKERS NATIONAL ANNUITY TRUST 0 137.451 137.451
**D DWS INTERNATIONAL FUND 0 4.862.226 4.862.226
**D DWS VARIABLE SERIES I - DWS INTERNATIONA 0 1.351.519 1.351.519
**D SUPERANNUATION FUNDS MANAGEMENT CORPORAT 0 1.583.365 1.583.365
**D ING SUSTAINABLE INVESTMENTS - WHOLESALE 0 19.566 19.566
**D MUNICIPAL GRATUITY FUND 0 47.423 47.423
**D THE ONEIDA TRIBE OF INDIANS OF WISCONSIN 0 13.540 13.540
**D FIM LUXEMBOURG 0 4.377 4.377
**D CSA L GLOBAL QUANT EQUITY POOL 0 2.395 2.395
**D SIERRA/ TEMPLETON INTERNATIONAL EQUITY T 0 502.642 502.642
**D AUSTRALIAN REWARD INVESTMENT ALLIANCE 0 215.881 215.881
**D UBS (LUX) SICAV 3 0 405.420 405.420
**D RBC DEXIA INVESTOR SVCS BK FR 0 2.116.375 2.116.375
**D HTHK AS TRUSTEE OF MANULIFE EUROPEAN EQUITY FUND HSBC INSTITUTIONAL TRUST SERVICES ASIA LTD 0 3.104.267 3.104.267
**D SCUDDER VARIABLE SERIES II - SCUDDER INTERNATIOL SELECT PORTFOLIO 0 2.078 2.078
**D MORGAN GRENFELL INTERNATIONAL SELECT EQUITY FUND 0 2.122 2.122
**D ASST. VICE PRESIDENT ATTN JAMES MCNALLY, BROWN BROTHERS HARRIMAN CO. 0 1.648.238 1.648.238
**D THE MASTER TRUST BANK OF JAPAN LTD., RE NISSAY PANAGORA FRN EQU IND M F 0 22.974 22.974
**D THE MASTER TRUST BANK OF JAPAN LTD., RE GLOBAL EQUITIES INDEX MOTHER F UND 0 554.581 554.581
**D SCHRODER GAIA 0 9.592 9.592
**D ADVISOR MANAGED TRUST-TACTICAL OFFENSIVE EQUITY FUND 0 552.915 552.915
**D GARTMORE EUROPEAN INVESTMENT PLC 0 407.440 407.440
**D SWISS REINSURANCE COMPANY LTD 0 1.503.729 1.503.729
**D CMD AGIRC DIV 3 0 1.600.000 1.600.000
**D BLACKROCK AUSTRALIA LTD AS RESPONSIBLE E 0 909.745 909.745
**D THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FOR MTBJ400045824 0 1.365.233 1.365.233
**D THE MARATHON LONDON GROUP TRUST FOR EMPLOYEE BENEFIT PLANS 0 6.336.272 6.336.272
Page 9

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D M-L INTERNATIONAL INVESTMENT FUND 0 737.148 737.148
**D THE MARATHON-LONDON GLOBAL INVESTMENT TRUST 0 2.212.701 2.212.701
**D THE MARATHON-LONDON GLOBAL INVESTMENT TRUST I 0 136.703 136.703
**D FCP IMPY INVESTISSEMENT 0 10.000 10.000
**D AVIVA STAFF PENSION TRUSTEE LIMITED AS TRUSTEE OF AVIVA STAFF PENSION SCHEME 0 162.939.698 162.939.698
**D CADMOS FUND MANAGEMENT-GUILE EMERGING MARKETS ENGAGEMENT FUND 0 150.000 150.000
**D SUN TRUST BRANDES SUN TRUST BANKS 0 250.255 250.255
**D THE NORTHWESTERN MUTUAL LIFE INS.COMPANY GASA EQUITY 0 273.141 273.141
**D METROPOLE BO EUROPE 0 600.000 600.000
**D THE NORTHWESTERN MUTUAL LIFE INS.COMPANY FOREIGN EQUITY 0 844.588 844.588
**D NORTHWESTERN MUTUAL SERIES FUND INC INT. GROWTH PORTFOLIO 0 922.591 922.591
**D NATIXIS AM 0 2.229.125 2.229.125
**D METROPOLE GESTION 0 27.350.000 27.350.000
**D PICTET INTERNATIONAL EQUITY FUND LLC 0 2.024.081 2.024.081
**D METROPOLE DIVERSIFIE METROPOLEGESTION 0 2.000.000 2.000.000
**D GENERALI INVESTMENTS FRANCE 0 1.030.299 1.030.299
**D GENERALI INVESTMENTS FRANCE 0 536.530 536.530
**D EPARGNE RETRAITE INTERNATIONAL 0 683.057 683.057
**D AGI FRANCE 0 20.414.411 20.414.411
**D AGI FRANCE 0 6.000.000 6.000.000
**D AGIF 0 200.000 200.000
**D JANUS CAPITAL FUND PLC JANUS EUROPEAN RESEARCH FUND 0 45.783 45.783
**D METROPOLE NEW EUROPEAN COUNTRIES SGBT LUXEMBOURG 0 390.000 390.000
**D JRJ INVESTMENT FUND, LTD/BRANDES 0 7.800 7.800
**D CALVERT CTY VOL FIRE RESCUE 0 13.337 13.337
**D BRANDES INVESTMENT 0 22.871 22.871
**D STANLIB FUNDS LIMITED 0 84.547 84.547
**D RBS AS DEP OF FIRST STATE INVESTMENTS ICVC 0 26.845 26.845
**D PTC PRINCIPAL INT`L EQUITY FUND 0 278.372 278.372
**D HIBERNIAN LIFE & PENSIONS FUND 0 585.165 585.165
**D AVIVA INVESTORS INTERNATIONAL INDEX TRACKING FUND 0 429.450 429.450
**D AVIVA INVESTORS BALANCED MANAGED FUND 0 37.655 37.655
**D PRINCIPAL LIFE INSURANCE COMPANY 0 4.519.768 4.519.768
**D IRISH LIFE ASSURANCE 0 16.437.851 16.437.851
**D LEGAL AND GENERAL ASSURANCE PENSIONS MANAGEMENT LIMITED 0 7.886.793 7.886.793
**D GOLDMAN SACHS GLOBAL FUNDAMENTAL 0 68.358 68.358
**D LAZARD ASSET MANAGEMENT LTD. 0 107.970.067 107.970.067
**D STANDARD LIFE INVESTMENT LIMITED 0 45.959.804 45.959.804
**D STICHTING MN SERVICES EUROPE EX UK EQUITY FUND 0 117.475 117.475
**D STICHTING PENSIOENFONDS METAAL EN TECHNIEK 0 1.923.286 1.923.286
**D COMMONWEALTH BANK OFFICERS SUPERANNUATION CORPORATION PTY LTD 0 258.122 258.122
**D STICHTING MN SERVICES AANDELENFONDS EUROPA 0 324.900 324.900
**D STICHTING MN SERVICES AANDELENSFONDS EUROPA III 0 36.737 36.737
Page 10

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D WILSHIRE VARIABLE INSURANCE TRUST-INTERNATIONAL EQUITY FUND 0 26.743 26.743
**D AGF FUNDS INC 0 297.665 297.665
**D CHUNGHWA POST CO LTD 0 557.133 557.133
**D JAPAN TRUSTEE SERVICE BANK CO. LTD 0 1.292.351 1.292.351
**D PRINCIPAL INSURANCE COMPANY LIMITED 0 131.835 131.835
**D AEGON CUSTODY BV INZAKE AEGON BASISFONDS AANDELEN EUROPA 0 1.592.415 1.592.415
**D AEGON CUSTODY B.V. 0 6.002.835 6.002.835
**D HEALTHCARE FOUNDATION OF NEW JERSEY (THE) 0 52.077 52.077
**D MORRIS & GWENDOLYN CAFRITZ FOUNDATION 0 47.590 47.590
**D NOVARTIS CORPORATION PENSION MASTER TRUST 0 708.135 708.135
**D HIRTLE CALLAGHAN TRUST INTERNATIONAL EQUITY PORTFOLIO 0 2.756.250 2.756.250
**D HIRTLE CALLAGHAN INSTITUTIONAL INTERNATIONAL EQUITY PTF 0 4.006.200 4.006.200
**D LONZA AMERICA INC MASTER RETIREMENT TRUST 0 47.955 47.955
**D EXLEY MANAGEMENT SERVICES LLC 0 11.500 11.500
**D FIDELITY RUTLAND SQUARETRUST II: STRATEGIC ADVISERS INT F 0 4.696.522 4.696.522
**D LONDON BOROUGH OF TOWER HAMLETS PENSION FUND 0 787.081 787.081
**D THE MOTOROLA PENSION SCHEME 0 336.342 336.342
**D LONDON BOROUGH OF BARKING & DAGENHAM SUPERANNUATION FUND 0 489.621 489.621
**D RUSSELL INVESTMENT COMPANY II PLC 0 3.202.681 3.202.681
**D JOHN HANCOCK TRUST INTERNATIONAL CORE TRUST 0 829.585 829.585
**D NOTTINGHAMSHIRE COUNTY COUNCIL PENSION FUND 0 888.181 888.181
**D JOHN HANCOCK FUNDS III INTERNATIONAL CORE FUND 0 1.756.898 1.756.898
**D JOHN HANCOCK TRUST INTERNATIONAL INDEX TRUST 0 2.516.990 2.516.990
**D THE HEALTH FOUNDATION 0 461.569 461.569
**D JOHNSON & JOHNSON UK GROUP RETIREMENT PLAN 0 133.454 133.454
**D THE UCI FOUNDATION 0 16.656 16.656
**D SSM HEALTH CARE PORTFOLIO MANAGEMENT COMPANY 0 349.321 349.321
**D COHEN & STEERS GLOBAL INCOME BUILDER, INC. 0 202.860 202.860
**D AMERICAN AIRLINES INC., MASTER FIXED BENEFIT PENSION TRUST 0 4.324.077 4.324.077
**D ALLIANCEBERNSTEIN COLLECTIVE INVESTMENT TRUST SERIES 0 80.835 80.835
**D JOHN HANCOCK LIFE AND HEALTH INSURANCE COMPANY 0 429.744 429.744
**D METROPOLITAN LIFE INSURANCE COMPANY 0 370.648 370.648
**D GENERAL MOTORS HOURLY-RATE EMPLOYEES PENSION TRUST 0 666.897 666.897
**D GENERAL MOTORS SALARIED EMPLOYEES PENSION TRUST 0 485.506 485.506
**D GMAM INVESTMENT FUNDS TRUST 0 981.826 981.826
**D BAE MASTER PENSION INVESTMENT TRUST 0 2.067.603 2.067.603
**D ESG MANAGERS GROWTH PORTFOLIO 0 620 620
**D ESG MANAGERS MODERATE PORTFOLIO 0 516 516
**D ESG MANAGERS CONSERVATIVE PORTFOLIO 0 292 292
**D ESG MANAGERS AGGRESSIVE GROWTH PORTFOLIO 0 397 397
**D ARIZONA STATE RETIREMENT SYSTEM 0 944.231 944.231
**D ARIZONA STATE RETIREMENT SYSTEM 0 91.177 91.177
**D SACRAMENTO REGIONAL TRANSIT DISTRICT 0 25.694 25.694
Page 11

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D PRINCIPAL GLOBAL INVESTORS COLLECTIVE INVESTMENT TRUST 0 366.948 366.948
**D ORG FOR SMALL&MEDIUM ENTERPRISES AND REGIONAL INNOVATION 0 1.300.892 1.300.892
**D JAPAN TRUSTEE SERV BK LTD ATF GLB FIN EQ F LTD SUBSCR PERIOD 0 42.716 42.716
**D JAPAN TRUSTEE SERV BK LTD ATF CMA SHINKO FINANCIAL EQ MF 0 31.734 31.734
**D GENERAL CONFERENCE CORPORATION OF SEVENTH DAY ADVENTISTS 0 19.619 19.619
**D AXA ROSENBERG EQUITY ALPHA TRUST 0 120.000 120.000
**D ELLEN MORRIS FAMILY NOMINEE AGREEMENT A 0 1.940 1.940
**D ROBERT J. MORRIS TRUST 0 634 634
**D CALVERT VP EAFE INTERNATIONAL INDEX PORTFOLIO 0 228.027 228.027
**D CAISSE DE DEPOT ET PLACEMENT DU QUEBEC 0 29.072.481 29.072.481
**D AMERICAN BEACON INTERNATIONAL EQUITY FUND 0 3.023.896 3.023.896
**D THE PREMIER TRUST FUND FOR QUALIFIED EMPLOYEE BENEFIT PLANS 0 114.573 114.573
**D FEDEX CORPORATION EMPLOYEES PENSION TRUST 0 267.918 267.918
**D MARQUIS INSTITUTIONAL GLOBAL EQUITY PORTFOLIO 0 59.625 59.625
**D TIFF INTERNATIONAL EQUITY FUND 0 57.975 57.975
**D TIFF INVESTMENT PROGRAM, INC - TIFF MULTI-ASSET FUND 0 1.162.275 1.162.275
**D GMO DEVELOPED WORLD EQUITY INVESTMENT FUND PLC 0 1.871.958 1.871.958
**D GMO TAX-MANAGED GLOBAL BALANCED PORTFOLIO 0 56.483 56.483
**D REED ELSEVIER US RETIREMENT PLAN 0 139.916 139.916
**D JOHNSON & JOHNSON PENSION & SAVINGS PLANS MASTER TRUST 0 604.503 604.503
**D JOHNSON & JOHNSON PENSION & SAVINGS PLANS MASTER TRUST 0 1.496.493 1.496.493
**D MULTI-STYLE, MULTI-MANAGER FUNDS PLC 0 4.475.405 4.475.405
**D ANCHOR SERIES TRUST STRATEGIC MULTI-ASSET PORTFOLIO 0 3.193 3.193
**D SUNAMERICA SERIES TRUST FOREIGN VALUE PORTFOLIO 0 2.842.964 2.842.964
**D SEASONS SERIES TRUST ASSET ALLOCATION:DIVERSIFIED GROWTH PTF 0 112.436 112.436
**D SEASONS SERIES TRUST INTERNATIONAL EQUITY PORTFOLIO 0 459.070 459.070
**D DWS LIFECYCLE LONG RANGE FUND 0 146.319 146.319
**D DWS BALANCED VIP 0 144.623 144.623
**D DWS BALANCED FUND 0 553.259 553.259
**D DWS EAFE EQUITY INDEX FUND 0 19.333 19.333
**D MULTI-MANAGER ICVC - MULTI-MANGER INTERNATIONAL EQUITY FUND 0 527.531 527.531
**D KBR UK COMMON INVESTMENT FUND 0 636.248 636.248
**D LEGG MASON FUNDS ICVC - LEGG MASON CONTINENTAL EUROPEAN EQ F 0 26.506 26.506
**D RUSSELL INTERNATIONAL SHARES TRACKER FUND . 0 387.732 387.732
**D MARYLAND STATE RETIREMENT & PENSION SYSTEM 0 3.941.115 3.941.115
**D MARATHON GLOBAL FUND : GLOBAL EQUITY FUND 0 893.456 893.456
**D MARATHON NEW GLOBAL FUND PLC 0 3.056.500 3.056.500
**D MARATHON GLOBAL FUND: INTERNATIONAL EQUITY FUND 0 579.763 579.763
**D MD INTERNATIONAL VALUE FUND 0 621.937 621.937
**D CORE STRATEGIES INVESTMENT FUND LLC 0 159.430 159.430
**D JANUS OVERSEAS FUND 0 127.766.657 127.766.657
**D JANUS ASPEN SERIES OVERSEAS PORTFOLIO 0 15.265.827 15.265.827
**D JANUS ADVISER INTERNATIONAL EQUITY FUND 0 814.063 814.063
Page 12

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D CAUSEWAY INTERNATIONAL VALUE GROUP TRUST 0 2.100.961 2.100.961
**D CAUSEWAY INTERNATIONAL OPPORTUNITIES GROUP TRUST 0 487.861 487.861
**D CANADA PENSION PLAN INVESTMENT BOARD . 0 20.749.195 20.749.195
**D BRANDES CANADA INTERNATIONAL EQUITY UNIT TRUST 0 1.283.300 1.283.300
**D OHIO POLICE AND FIRE PENSION FUND 0 4.460.171 4.460.171
**D STATE TEACHERS RETIREMENT SYSTEM OF OHIO 0 10.725.730 10.725.730
**D NEWPORT NEWS EMPLOYEE RETIREMENT FUND 0 18.625 18.625
**D COSMOPOLITAN INVESTMENT FUND 0 10.081 10.081
**D TAM INTERNATIONAL EQUITY TRUST 0 132.037 132.037
**D WESTPAC STAFF SUPERANNUATION PLAN 0 6.500 6.500
**D IPAC SPEC INV STRATEGIES - INT SHARE STRATEGY NO 1 0 586.310 586.310
**D RETIREMENT AND SECY PROGRAM FOR EMPL/NTCA AND MEMBERS SYS 0 86.951 86.951
**D GMO GLOBAL EQUITY TRUST (EX-AUSTRALIA) 0 767.201 767.201
**D ALASKA COMMON TRUST FUND 0 253.193 253.193
**D BNY MELLON TR DEP LTD ATF ST JAMES`S PL STRAT MANAG UNIT TR 0 3.855.685 3.855.685
**D MINISTRY OF STRATEGY AND FINANCE 0 595.985 595.985
**D DEUTSCHE DBI GLOBAL SHARES FUND 0 49.065 49.065
**D BEST INVESTMENT CORPORATION 0 572.631 572.631
**D SUPERVALU INC. MASTER INVESTMENT TRUST 0 35.338 35.338
**D CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0 12.303.519 12.303.519
**D TEACHER RETIREMENT SYSTEM OF TEXAS 0 498.039 498.039
**D STATE STREET TRUSTEES LIMITED ATF MARATHON EXEMPT FUND 0 132.889 132.889
**D ASIAN DEVELOPMENT BANK 0 165.681 165.681
**D UAW RETIREE MEDICAL BENEFITS TRUST 0 474.429 474.429
**D BILL AND MELINDA GATES FOUNDATION TRUST 0 296.797 296.797
**D WELLS FARGOMASTER TRUST DIVERSIFIED STOCK PORTFOLIO 0 1.176.933 1.176.933
**D WELLS FARGO MASTER TRUST INTERNATIONAL INDEX PORTFOLIO 0 34.858 34.858
**D WILMINGTON TRUST RETIREMENT AND INST SER CO COLLECTIVE INV TR 0 340.515 340.515
**D WSIB INVESTMENTS (PUBLIC EQUITIES) POOLED FUND TRUST 0 2.533.647 2.533.647
**D SCOTTISH WIDOWS PLC 0 8.921.742 8.921.742
**D PRUDENTIAL RETIREMENT INSURANCE & ANNUITY COMPANY 0 3.552.433 3.552.433
**D MANULIFE ASSET MANAGEMENT INTERNATIONAL EQUITY INDEX POOLED F 0 81.215 81.215
**D GOLDMAN SACHS FUNDS 0 3.496.123 3.496.123
**D GOLDMAN SACHS FUNDS II 0 361.920 361.920
**D CITY OF SAN JOSE POLICE & FIRE DEPARTMENT RETIREMENT PLAN 0 238.930 238.930
**D TEACHERS` RETIREMENT SYSTEM OF THE STATE OF ILLINOIS 0 2.032.412 2.032.412
**D CENTRAL PENSION F OF INT UNION OF OPERAT & PART EMPL 0 1.013.521 1.013.521
**D HARBOR CAPITAL GROUP TRUST FOR DEFINED BENEFIT PLANS 0 259.390 259.390
**D KAISER PERMANENTE MASTER TRUST 0 627.983 627.983
**D M FUND BRANDES INTERNATIONAL EQUITY FUND 0 492.500 492.500
**D THE CIVIL SERVICE SUPERANNUATION FUND 0 168.105 168.105
**D BP PENSION FUND 0 6.126.295 6.126.295
**D WELLS FARGO INTRINSIC WORLD EQUITY FUND 0 470.000 470.000
Page 13

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D CUMBRIA LOCAL GOVERNMENT PENSION SCHEME 0 693.350 693.350
**D BRANDES INSTITUTIONAL INTERNATIONAL EQUITY FUND 0 1.379.157 1.379.157
**D BLACKROCK INST TRUST CO N.A. INV FUNDSFOR EMPL BENEFIT TR 0 63.040 63.040
**D INTERNATIONAL PAPER CO COMMINGLED INVESTMENT GROUP TRUST 0 333.561 333.561
**D GOLDMAN SACHS TRUST COMPANY N A COLLECTIVE TRUST 0 334.713 334.713
**D AMERICAN AIRLINES PILOTS RET BENEFIT PROGRAM VAR INCOME PLAN 0 1.316.858 1.316.858
**D MUNDER INTERNATIONAL EQUITY FUND 0 128.951 128.951
**D RUSSELL TR CO COMMINGLED EMPL BEN RUSSELL INT RATE MGMN SOL 0 342.656 342.656
**D IAM NATIONAL PENSION FUND 0 465.167 465.167
**D SAN DIEGO CITY EMPLOYEES` RETIREMENT SYSTEM 0 385.760 385.760
**D STATE OF ALASKA RETIREMENT AND BENEFITS PLANS 0 3.410.791 3.410.791
**D COLUMBIA INTERNATIONAL VALUE MASTER PORTFOLIO 0 3.651.500 3.651.500
**D RUSSELL INTERNATIONAL SHARES FUND 0 2.020.400 2.020.400
**D RUSSELL INVESTMENT COMPANY INTERNATIONAL FUND 0 360.155 360.155
**D DESJARDINS GLOBAL EQUITY VALUE FUND 0 588.700 588.700
**D DELUXE CORPORATION MASTER RETIREMENT TRUST PLAN 0 267.569 267.569
**D THE REGENTS OF THE UNIVERSITY OF CALIFORNIA 0 10.771.932 10.771.932
**D MASSACHUSETTS LABORERS PENSION FUND 0 114.133 114.133
**D VALIC COMPANY I - INTERNATIONAL EQUITIES FUND 0 422.698 422.698
**D VALIC COMPANY I-INTERNATIONAL GROWTH I FUND 0 1.034.850 1.034.850
**D VALIC COMPANY I - FOREIGN VALUE FUND 0 4.747.665 4.747.665
**D FRESNO COUNTY EMPLOYEES` RETIREMENT ASSOCIATION 0 350.812 350.812
**D METROPOLITAN SERIES FUND MORGAN STANLEY EAFE INDEX PORTFOLIO 0 903.108 903.108
**D STATE OF MINNESOTA 0 495.443 495.443
**D STATE OF MINNESOTA 0 285.048 285.048
**D RUSSELL INVESTMENT FUNDS NON-U.S. FUND 0 643.141 643.141
**D ALAMEDA COUNTY EMPLOYEES` RETIREMENT ASSOCIATION 0 1.570.059 1.570.059
**D MITCHELLS AND BUTLERS CIF LIMITED 0 300.175 300.175
**D JOHN HANCOCK INSURANCE COMPANY OF VERMONT 0 65.223 65.223
**D HOUSTON MUNICIPAL EMPLOYEES PENSION SYSTEM 0 156.567 156.567
**D ORANGE COUNTY EMPLOYEES RETIREMENT SYSTEM 0 67.102 67.102
**D RUSSELL INVESTMENT COMPANY IV PLC 0 350.000 350.000
**D RUSSELL INVESTMENT COMPANY PLC 0 8.597.077 8.597.077
**D NEBRASKA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0 806.244 806.244
**D STATE OF NEBRASKA DEPARTMENT OF ADMINISTRATIVE SERVICES 0 37.468 37.468
**D ILLINOIS STATE BOARD OF INVESTMENT 0 3.072.553 3.072.553
**D UNIVERSAL INVESTMENT FUNDS 0 440.000 440.000
**D GREYSTONE EAFE QUANTITATIVE FUND 0 2.114.494 2.114.494
**D MERSEYSIDE PENSION FUND 0 2.284.665 2.284.665
**D BRUNEI INVESTMENT AGENCY 0 1.452.594 1.452.594
**D OMERS ADMINISTRATION CORPORATION 0 530.259 530.259
**D STATE OF CONNECTICUT RETIREMENT PLANS & TRUST FUNDS 0 2.916.679 2.916.679
**D WORKERS COMPENSATION BOARD-ALBERTA 0 303.090 303.090
Page 14

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D CITY OF PROVIDENCE EMPLOYEES RETIREMENT SYSTEM 0 220.414 220.414
**D AARGAUISCHE PENSIONSKASSE 0 295.597 295.597
**D UNIVERSITY OF TORONTO MASTER TRUST 0 28.850 28.850
**D GOVERNING COUNCIL OF THE UNIVERSITY OF TORONTO 0 21.283 21.283
**D ABBEY LIFE ASSURANCE COMPANY LIMITED 0 6.429.335 6.429.335
**D SCOTTISH WIDOWS UNIT FUNDS LIMITED 0 3.089.240 3.089.240
**D PENSIONS MANAGEMENT (S.W.F.) LIMITED 0 547.741 547.741
**D SCOTTISH WIDOWS OVERSEAS GROWTH INV F ICVC - EURO GROWTH F 0 3.838.777 3.838.777
**D SCOTTISH WIDOWS OVERSEAS GROWTH INV F ICVC-EUROP SEL GROW F 0 1.832.736 1.832.736
**D SCOTTISH WIDOWS OVERSEAS GROWTH INV F ICVC-EUROLAND F 0 197.959 197.959
**D STATE STREET TRUSTEES LIMITED ATF SWIP CAPITAL TRUST 0 1.284.690 1.284.690
**D SOUTHERN CA UNITED FOOD COMMERCIAL WORKERS UNION FOOD EMPLOYERS 0 173.372 173.372
**D SAN DIEGO ELEC WORKERS PENSION TRUST 0 58.583 58.583
**D SKANDINAVISKA ENSKILDA BANKEN SA 0 1.620.676 1.620.676
**D FORTIS INVESTMENT MANAGEMENT 0 794.684 794.684
**D FONDS DE RESERVE POUR LES RETRAITES 0 348.100 348.100
**D RAVGDT DIVERSIFIE I ALLIANZ GLOBAL INVES 0 400.000 400.000
**D FCP ERAFP ACTIONS EUROS4 BTF P 0 732.300 732.300
**D LBPAM ACTIONS EUROPE 0 2.270.000 2.270.000
**D LBPAM ACTIONS FINANCE 0 344.000 344.000
**D XENYS 0 90.000 90.000
**D FCP TONI ACTIONS 100 0 967.289 967.289
**D LBPAM VOIE LACTEE 2 0 164.636 164.636
**D TUTELAIRE ACTIONS 0 145.000 145.000
**D TUTELAIRE ACTIONS ETHIQUES 0 73.475 73.475
**D VIVACCIO ACTIONS 0 3.619.180 3.619.180
**D LBPAM ACTIONS DIVERSIFIE 0 1.553.909 1.553.909
**D LBPAM ACTIONS EURO 0 6.000.000 6.000.000
**D LBPAM ACTIONS INDICE 0 4.659.124 4.659.124
**D LBPAM PROFIL 80 PEA 0 1.174.789 1.174.789
**D LBPAM PROFIL 100 0 415.924 415.924
**D LBPAM ACTIONS DEVELOPPEMENT DURABLE 0 4.140.627 4.140.627
**D LBPAM ACTIONS ISR MONDE 0 100.000 100.000
**D FONDS DE RESERVE POUR LES RETRAITES 0 21.939.432 21.939.432
**D VILLIERS DIVERSIFIE DEXIA AM 0 501.509 501.509
**D RAVGDT DIVERSIFIE II DEXIA AM 0 59.992 59.992
**D FCP VILLIERS CROISSANCE 0 4.003.383 4.003.383
**D FCP MATMUT ACTIONS EURO 0 800.000 800.000
**D UFF TEMPO PEA 0 895.019 895.019
**D COVEA FINANCE CROISSANCE 0 184.000 184.000
**D BOISSY ORIZON DURABLE 0 29.620 29.620
**D FCP COVEA FINANCE ACTIONS EUROPE INSTIT II 0 5.182.773 5.182.773
**D FCP REUNICA UB3 0 2.743.558 2.743.558
Page 15

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D HAMELIN DIVERSIFIE II 0 250.000 250.000
**D AGIRC F1 0 451.601 451.601
**D AA UBS ACTIONS EURO 0 5.490.452 5.490.452
**D FCP BOURBON 8 0 664.170 664.170
**D FCP HAMELIN DIVERSIFIE PERP 0 8.500 8.500
**D FCP COVEA FINANCE ACTI EUROPE 0 429.220 429.220
**D FCP A.A.-DEXIA-ISR 0 27.002 27.002
**D BOURBON 4 0 96.624 96.624
**D UNIVERS CNP 1 0 1.010.195 1.010.195
**D CNP ACP ACTIONS LT 0 201.656 201.656
**D CROISSANCE DIVERSIFIE 0 6.964 6.964
**D CONCORDE 96 0 91.268 91.268
**D NATIXIS ISR ACTIONS 0 751.529 751.529
**D IXIS FLAMME 0 227.600 227.600
**D FCP NATIXIS IONIS 0 91.951 91.951
**D I CROISSANCE 0 90.163 90.163
**D MEDERIC ALZHEIMER IXIS AM 0 37.361 37.361
**D CMD AGIRC IXIS D 0 777.436 777.436
**D BOURBON 5 0 98.346 98.346
**D IXIS EURO ACTIONS 0 1.903.720 1.903.720
**D ECUREUIL 1,2,3 FUTUR 0 1.603.784 1.603.784
**D ECA DIVERSIFIE 0 95.660 95.660
**D FCP NATIXIS ACTIONS EURO GROWTH 0 640.000 640.000
**D CNP ASSUR PIERRE 0 181.343 181.343
**D CNP ASSUR VALEURS 0 335.546 335.546
**D AGIRC BD 0 116.049 116.049
**D FCP CNP GGR 0 96.721 96.721
**D ABP ACTIONS 0 20.523.328 20.523.328
**D AREGE 2IC 0 80.638 80.638
**D FCP RSRC DIVERSIFIE 0 385.217 385.217
**D CARBP DIVERSIFIE 0 205.062 205.062
**D MONNET 0 53.944 53.944
**D FCP RL PREVOYANCE 0 189.469 189.469
**D ABP CROISSANCE RENDEMENT 0 800.000 800.000
**D FRUCTIFONDS VALEURS EUROPEENNES 0 846.854 846.854
**D PREPAR CROISSANCE 0 222.439 222.439
**D IMPACT ISR CROISSANCE 0 146.773 146.773
**D AREVA DIVERSIFIE OBLIGATAIRE 0 88.349 88.349
**D OCP EPARGNE 0 21.424 21.424
**D FCPE SAFRAN DYNAMIQUE 0 192.288 192.288
**D EGEPARGNE 1 0 72.569 72.569
**D EGEPARGNE 2 0 1.600.030 1.600.030
**D HUTCHINSON ACTIONS 0 46.572 46.572
Page 16

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D FCPE FCP REGULIER AIR LIQUIDE DEVELOPPEMENT 0 16.986 16.986
**D FCPE FODIV 0 64.052 64.052
**D FCPE NATIXIS AVENIR 1 PERFORMANCE 0 226.170 226.170
**D FCPE NATIXIS AVENIR 2 DYNAMIQUE 0 38.660 38.660
**D FCPE NATIXIS AVENIR 3 CROISSANCE 0 100.721 100.721
**D FCPE NATIXIS AVENIR 4 EQUILIBRE 0 158.202 158.202
**D FCPE NATIXIS AVENIR 5 RENDEMENT 0 63.600 63.600
**D SAFRAN MIXTE 0 45.515 45.515
**D NATIXIS ES ACTIONS EURO 0 425.440 425.440
**D IMPACT ISR RENDEMENT SOLIDAIRE 0 127.772 127.772
**D FCPE IMPACT ISR PERFORMANCE 0 310.287 310.287
**D IMPACT ISR DYNAMIQUE 0 68.621 68.621
**D IMPACT ISR EQUILIBRE 0 722.434 722.434
**D FCPE NATIXIS AVENIR MIXTE SOLIDAIRE 0 12.945 12.945
**D MULTILATERAL INVESTMENT GUARANTEE AGENCY 0 27.157 27.157
**D TDX INDEPENDENCE 2020 EXCHANGETRADED FUND 0 12.335 12.335
**D WELLS FARGO BANK MINNESOTA NA 0 5.463 5.463
**D VALERO ENERGY CORPORATION PENSION PLAN 0 84.711 84.711
**D NORTHWEST NATURAL GAS COMPANY RETIREMENT TRUST 0 43.010 43.010
**D PRINCIPAL FUNDS INC-DIVERSIFIED INTERNATIONAL FUND 0 3.418.702 3.418.702
**D CAUSEWAY INTERNATIONAL VALUE FUND 0 8.999.430 8.999.430
**D AVIVA UKGI INVESTMENTS LIMITED 0 866.402 866.402
**D ING BM 1 ING FINANCIALS FD 0 766.401 766.401
**D DESERET MUTUAL MASTER RETIREMENT PLAN 0 342.925 342.925
**D DESERET HEALTHCARE EMPLOYEE BENEFIT TRUST 0 10.200 10.200
**D US BANK/PORTFOLIO 21 0 437.484 437.484
**D PRINCIPAL FUNDS INC- INTERNATIONAL GROWTH FUND 0 205.383 205.383
**D SAN DIEGO MUSEUM OF ART 0 5.900 5.900
**D PNC BANK N.A. 0 25.720 25.720
**D PUBLIC SCHOOL RETIREMENT SYSTEMOF THE CITY OF ST.LOUIS 0 292.044 292.044
**D UNISUPER 0 1.072.979 1.072.979
**D PRINCIPAL VARIABLE CONTRACTS FUNDS INC- INTERNATIONAL EMERGING MARKETS ACCOUNT 0 912.543 912.543
**D ING INVESTMENT MANAGEMENT EUROPE NV 0 3.959.812 3.959.812
**D AV SUPER FUND 0 12.931 12.931
**D WISDOMTREE DEFA FUND 0 278.958 278.958
**D ROCKFORD HEALTH SYSTEM PENSION PLAN 0 6.739 6.739
**D ROCKFORD HEALTH SYSTEM MASTER TRUST 0 41.372 41.372
**D WISDOMTREE INTERNATIONAL LARGECAP DIVIDEND 0 162.250 162.250
**D US BANK BR OMNI PENSION 0 32.341 32.341
**D US BANK BR OMNITAXABLE 0 9.313 9.313
**D MLC LIMITED 0 49.422 49.422
**D TDX INDEPENDENCE 2010 EXCHANGETRADED FUND 0 2.261 2.261
**D TDX INDEPENDENCE 2030 EXCHANGE TRADED FUND 0 20.155 20.155
Page 17

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D TDX INDEPENDENCE 2040 EXCHANGETRADED FUND 0 15.830 15.830
**D TDX INDEPENDENCE INTARGET EXCHANGEDTRADED FUND 0 5.194 5.194
**D WM POOL EQUITIES TRUST NO.34 0 3.417.790 3.417.790
**D ARK LIFE ASSURANCE COMPANY LIMITED 0 497.204 497.204
**D GS TACS MARKET CONTINUOUS (INTL) LLC 0 601.732 601.732
**D PRINCIPAL FUNDS INC INTERNATIONAL VALUE FUND 1 0 4.405.168 4.405.168
**D WM POOL - EQUITIES TRUST NO. 22 0 210.852 210.852
**D WISDOMTREE INTERNATIONAL HEDGEDEQUITY FUND 0 12.597 12.597
**D INVESCO PERPETUAL EUROPEAN EQUITY INCOMETRUST 0 743.106 743.106
**D INVESCO PERPETUAL EUROPEAN HIGHINCOME FUND 0 52.177 52.177
**D INVESCO PERPETUAL EUROPEAN EQUITY FD 0 10.485.737 10.485.737
**D MACOMB COUNTY EMPLOYEES RETIREMENT SYSTEM 0 79.543 79.543
**D THE BANK OF KOREA 0 31.521 31.521
**D INVESCO FUNDS SERIES 0 482.319 482.319
**D ALLSTATE INSURANCE COMPANY 0 1.285.290 1.285.290
**D PRINCIPAL FUNDS INC.-INTERNATIONAL EQUITY INDEX FUND 0 550.632 550.632
**D AQR GLOBAL ENHANCED EQUITY FUND 0 26.481 26.481
**D GOLDMAN SACHS INSTITUTIONAL FUNDS PLC 0 126.853 126.853
**D INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 0 762.975 762.975
**D CENTRICA COMBINED COMMON INVESTMENT FUND 0 600.334 600.334
**D CHESHIRE PENSION FUND . 0 1.168.323 1.168.323
**D DERBYSHIRE COUNTY COUNCIL SUPERANNUATION FUND 0 3.734.098 3.734.098
**D STICHTING DOW PENSIOENFONDS . 0 303.299 303.299
**D ESSEX COUNTY COUNCIL . 0 160.622 160.622
**D RHM PENSION SCHEME . 0 277.048 277.048
**D IRISH AIRLINES (GENERAL EMPLOYEES) SUPERANNUATION 0 3.817.702 3.817.702
**D LANCASHIRE COUNTY PENSION FUND. 0 771.300 771.300
**D MERCHANT NAVY OFFICERS PENSION FUND 0 67.062 67.062
**D PEARSON GROUP PENSION PLAN 0 121.977 121.977
**D PRINCIPAL GLOBAL INVESTORS TRUST-INTERNATIONAL EQUITY FUND 0 96.260 96.260
**D PRINCIPAL GLOBAL INVESTORS FUNDS 0 313.422 313.422
**D SOMERSET COUNTY COUNCIL PENSIONFUND 0 445.896 445.896
**D WORCESTERSHIRE COUNTY COUNCIL PENSION FUND 0 1.165.427 1.165.427
**D PICTET NON-US EQUITY OFFSHORE MAST 0 1.566.493 1.566.493
**D NON US EQUITY MANAGERS PORTFOLIO 5 OFFSHORE MASTER LP 0 769.329 769.329
**D NBT MAIN A C (NCB CLEARING SVCS) 0 938.293 938.293
**D BOC PENSION INVESTMENT FUND BOCPENSIONS LIMITED 0 285.598 285.598
**D ACHMEA PENSIOEN EN LEVENSVERZEKERINGEN N.V. 0 111.687 111.687
**D MCKINLEY CAPITAL MANAGEMENT FUND PLC 0 19.877 19.877
**D RIVER AND MERCANTILE UK EQUITYLONG TERM RECOVERY FUND 0 140.000 140.000
**D BERKELEY SQUARE COMMON INVESTMENT FUND LIMITED 0 302.443 302.443
**D STICHTING PENSIOENFONDS UWV . 0 854.076 854.076
**D THE MEDICAL CENTRE INSURANCE COMPANY LTD. 0 253.926 253.926
Page 18

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D OIL INVESTMENT CORPORATION LTD&OIL CAS INVESTMENT 0 291.807 291.807
**D HSBC BANK (CAYMAN) LIMITED 0 143.210 143.210
**D CIBC BANK AND TRUST COMPANY CAYMAN LIMITED GEORGETOWN 0 830.800 830.800
**D STICHTING BEWAARDER INTERPOLIS PENSIOENEN BELEGGINGSPOOLS 0 506.323 506.323
**D BPS 0 901.223 901.223
**D BPL 0 5.168.005 5.168.005
**D STICHTING PENSIOENFONDS VOOR DE GRAFISCHE BEDRIJVEN 0 1.381.900 1.381.900
**D STICHTING PFDS VOOR DE TANDTECHNIEK 0 70.564 70.564
**D STICHTING BEDRIJFSTAKPENSIOENFONDS VOOR HET LEVENSMIDDELENBEDRIJF 0 395.815 395.815
**D SUNSUPER SUPERANNUATION FUND 0 321.419 321.419
**D GOLDMAN SACHS GLOBAL EQUITY PARTNERS I LLC 0 410.043 410.043
**D STICHTING RABOBANK PENSIOENFONDS 0 661.755 661.755
**D BELEGGINSPOOL ACHMEA AANDELEN EURO 0 2.501.506 2.501.506
**D BELEGGINGSPOOL ACHMEA 0 619.595 619.595
**D INTERPOLIS PENSIOENEN EUROPA POOL 0 346.496 346.496
**D ABB INC. MASTER TRUST . 0 128.657 128.657
**D RUSSELL OVERSEAS EQUITY FUND . 0 1.078.200 1.078.200
**D RUSSELL OVERSEAS EQUITY POOL . 0 532.400 532.400
**D ALASKA PERMANENT FUND CORPORATION 0 3.469 3.469
**D EAFE EQUITY FUND . 0 981.218 981.218
**D ALABAMA PREPAID AFFORDABLE COLLEGE TUITION TRUST FUND 0 49.197 49.197
**D ROCKWELL AUTOMATION MASTER TRUST 0 799.705 799.705
**D BJC GROUP PENSION TRUST . 0 330.175 330.175
**D BLUE CROSS BLUE SHIELD OF NORTHCAROLINA RETIR 0 278.894 278.894
**D HIGHMARK INC. 0 281.655 281.655
**D CATHOLIC UNITED INVESTMENT TRUST 0 1.408.456 1.408.456
**D COLLIER FAMILY OFFICE INC . 0 520.537 520.537
**D COLLEGES OF APPLIED ARTS AND TECHNOLOGY PENSION P 0 1.289.400 1.289.400
**D COMMONWEALTH OF PENNSYLVANIA STATE EMPLOYEES RETIREMENT SYSTEM. 0 1.073.753 1.073.753
**D CONRAIL EMPLOYEE BENEFITS TRUST 0 15.973 15.973
**D CANADIAN PACIFIC RAILWAY COMPANY PENSION PLAN 0 430.849 430.849
**D CF INTERNATIONAL STOCK INDEX FUND 0 875.124 875.124
**D THE DEARBORN PARTNERS GROUP TRUST 0 279.202 279.202
**D ONTARIO POWER GENERATION INC . 0 554.810 554.810
**D ONTARIO POWER GENERATION INC . 0 511.067 511.067
**D DELAWARE INTERNATIONAL EQUITY FUND 0 217.346 217.346
**D DELAWARE INVESTMENTS GLOBAL FUNDS PLC 0 37.424 37.424
**D BNY MELLON EB COLLECTIVE INVESTMENT FUND PLAN 0 1.604.146 1.604.146
**D ADVANTAGE FUNDS INC - GLOBAL ALPHA FUND 0 22.539 22.539
**D DREYFUS INDEX FUNDS INC DREYFUS INTERNATIONAL STC 0 691.164 691.164
**D DT INTERNATIONAL STOCK INDEX FUND 0 1.515.960 1.515.960
**D ENERGY EAST CORPORATION MASTERTRUST 0 332.183 332.183
**D ELECTRICAL WORKERS LOCAL 26 PENSION TRUST FUND 0 99.123 99.123
Page 19

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D CBIS GLOBAL FUNDS PLC 0 90.000 90.000
**D FAIRFAX COUNTY UNIFORMED RETIREMENT SYSTEM 0 126.360 126.360
**D FIRE AND POLICE PENSION ASSOCIATION OF COLOR 0 236.008 236.008
**D FIRE AND POLICE PENSION ASSN OFCOLORADO 0 425.423 425.423
**D FIRE & POLICE EMPLOYEES RET. SYSTEM-CITY OF BALTI 0 1.081.710 1.081.710
**D FLORIDA RETIREMENT SYSTEM . 0 31.496.802 31.496.802
**D GOLDMAN SACHS FOUNDATION . 0 347.266 347.266
**D GMI INVESTMENT TRUST . 0 929.409 929.409
**D GOVERNORS OF THE UNIVERSITY OF ALBERTA 0 247.600 247.600
**D GRANGER FINANCIAL MANAGEMENT . 0 18.445 18.445
**D HEALTHCARE EMPLOYEES` PENSION PLAN - MANIT 0 1.590.118 1.590.118
**D HOWARD HUGHES MEDICAL INSTITUTE 0 168.785 168.785
**D ARCELORMITTAL USA INC. PENSION TRUST 0 169.975 169.975
**D INCO ELECTED MASTER TRUST . 0 157.967 157.967
**D IOWA PUBLIC EMPLOYEES` RETIREMENT SYSTEM 0 2.726.570 2.726.570
**D KANSAS PUBLIC EMPLOYEES RETIREMENT 0 1.249.295 1.249.295
**D COUNTY OF LOS ANGELES DEFERRED COMPENSATION AND THRIFT PLAN 0 1.674.327 1.674.327
**D DELAWARE INVESTMENTS GLOBAL DIAND INCOME FUND INC 0 106.746 106.746
**D DELAWARE VIP INTERNATIONAL VALUE EQUITY SERIES 0 517.458 517.458
**D DELAWARE INTERNATIONAL VALUE EQUITY FUND 0 2.761.139 2.761.139
**D DELAWARE DIVIDEND INCOME FUND . 0 236.075 236.075
**D DELAWARE CONSERVATIVE ALLOCATION PORTFOLIO 0 80.737 80.737
**D DELAWARE MODERATE ALLOCATION PORTFOLIO 0 348.147 348.147
**D DELAWARE GLOBAL VALUE FUND . 0 167.503 167.503
**D DELAWARE ENHANCED GLOBAL DIVIDEND AND INCOME FUND 0 420.721 420.721
**D DELAWARE GROUP FOUNDATION FUND - DELAWARE FOUNDATION EQUITY 0 3.271 3.271
**D LUCENT TECHNOLOGIES INC. DEFINED CONTRIBUTION PLAN MASTER TRUST 0 557.483 557.483
**D LUCENT TECHNOLOGIES INC. MASTERPENSION TRUST 0 699.009 699.009
**D THE LINCOLN NATIONAL LIFE INSURANCE CO.(SEPARATE A 0 1.031.006 1.031.006
**D LVIP DELAWERE FOUNDATION CONSERVATIVE ALLOCATION FUND 0 281.695 281.695
**D LVIP DELAWARE FOUNDATION AGGRESSIVE ALLOCATION FUND 0 444.021 444.021
**D LOUISIANA STATE EMPLOYEES` RETIREMENT SYSTEM 0 1.140.200 1.140.200
**D MELLON BANK NA EMPLOYEE BENEFITCOLLECTIVE INVESTMENT 0 6.833.130 6.833.130
**D MINISTRY OF DEFENCE PENSION FUND 0 172.361 172.361
**D MERCY INVESTMENT SERVICES 0 204.434 204.434
**D MARS GMBH . 0 803.812 803.812
**D INVESCO FONDS CAT 2 SPERRKONTO 0 719.714 719.714
**D MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHST 0 1.878.024 1.878.024
**D TREASURER OF THE STATE OF NORTHCAROLINAEQUITY INVESTMENT FUND POOLED 0 5.918.691 5.918.691
**D ROGERSCASEY TARGET SOLUTIONS LLC. 0 632.155 632.155
**D PUBLIC EMPLOYEES RETIREMENT SYSTEM OF NEVADA 0 3.209.492 3.209.492
**D BELL ATLANTIC MASTER TRUST 0 4.087.413 4.087.413
**D BELL ATLANTIC MASTER TRUST 0 270.749 270.749
Page 20

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D OPERATING ENGINEERS LOCAL 101 PENSION FUND 0 146.351 146.351
**D ONTARIO POWER GENERATION INC. PENSION PLAN 0 935.460 935.460
**D PENSION FUND SOCIETY OF THE BANK OF MONTREAL 0 302.700 302.700
**D PACIFIC GAS AND ELECTRIC QUALIFIED CPUC DECOMMISSIONING TRUST 0 522.096 522.096
**D PANAGORA GROUP TRUST . 0 29.479 29.479
**D HEALTH CARE SECURITY TRUST . 0 24.764 24.764
**D UPMC BASIC RETIREMENT PLAN MASTER TRUST 0 96.017 96.017
**D PENSION RESERVES INVESTMENT TRUST FUND 0 6.872.989 6.872.989
**D PUBLIC EMPLOYEE RETIREMENT SYSTEM OF IDAHO 0 766.997 766.997
**D PUBLIC EMPLOYEE RETIREMENT SYSTEM OF IDAHO 0 531.757 531.757
**D QUEEN`S UNIVERSITY AT KINGSTON 0 20.600 20.600
**D ROHM AND HAAS MASTER TRUST . 0 156.125 156.125
**D ROCHE US DB PLANS MASTER TRUST 0 270.665 270.665
**D ROCKWELL COLLINS MASTER TRUST 0 1.334.559 1.334.559
**D RUSSELL INSTITUTIONAL FUNDS LLCRUSSELL INTL EQUITY FUND 0 708.706 708.706
**D SOUTHERN CALIFORNIA EDISON CO NUCLEAR FACILITIES Q 0 617.215 617.215
**D SOUTHERN CALIFORNIA EDISON COMPANY RETIREMENT P 0 81.908 81.908
**D STATE OF WISCONSIN INVESTMENT BOARD 0 6.098.700 6.098.700
**D THE CALIFORNIA ENDOWMENT . 0 6.364 6.364
**D TD EMERALD INTERNATIONAL EQUITYINDEX FUND 0 1.665.928 1.665.928
**D TD INTERNATIONAL INDEX FUND 0 249.688 249.688
**D TD EUROPEAN INDEX FUND . 0 58.438 58.438
**D IMPERIAL INTERNATIONAL EQUITY POOL 0 2.559.075 2.559.075
**D IMPERIAL OVERSEAS EQUITY POOL 0 331.749 331.749
**D TUCSON SUPPLEMENTAL RETIREMENT SYSTEM 0 294.033 294.033
**D TXU RETIREMENT PLAN MASTER TRUST 0 699.014 699.014
**D TENNESSEE VALLEY AUTHORITY RETIREMENT SYSTEM 0 115.690 115.690
**D UBS CANADA DYNAMIC ALPHA STRATEGY FUND 0 10.986 10.986
**D REGENTS OF THE UNIVERSITY OF MICHIGAN 0 147.486 147.486
**D GEN BRD OF PENSION&HEALTH BNFTOF THE UNITED METHOD 0 2.601.490 2.601.490
**D UNIVERSITY OF PITTSBURGH MEDICAL CENTER SYSTE 0 287.006 287.006
**D UNITED TECHNOLOGIES CORP. MASTER RETIREMENT TR 0 1.118.714 1.118.714
**D VEBA PARTNERSHIP N LP . 0 141.259 141.259
**D VEBA PARTNERSHIP N LP . 0 118.500 118.500
**D VIRGINIA RETIREMENT SYSTEM . 0 6.365.027 6.365.027
**D WK KELLOG G FOUNDATION TRUST 0 375.980 375.980
**D THE BOSTON COMMON INTNL SOCIAL INDEX FUND, LLC 0 63.370 63.370
**D CIBC INTERNATIONAL INDEX FUND 0 203.176 203.176
**D CIBC EUROPEAN INDEX FUND . 0 98.586 98.586
**D CIBC POOLED INTERNATIONAL EQUITY INDEX FUND 0 50.161 50.161
**D MATMUT ACTIONS EURO 0 800.000 800.000
1139 GIGLIONI ALVARO 1 0 1
1287 ROSANIA ELMAN 0 0 0
Page 21

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
*** LUCIANO LIDIA 0 10 10
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 9.210 9.210
Total vote 1.869.458.828
Percentage of voters% 22,414083
Percentage of Capital% 9,699255
Page 22

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
1027 DE COSMO AMANDA 0 0 0
**D FJARDE AP-FONDEN 0 1.800.511 1.800.511
**D CITY OF PHILADELPHIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0 352.048 352.048
**D ANDRA AP-FONDEN (AP2) 0 15.279.000 15.279.000
**D FORSTA AP-FONDEN . 0 4.177.842 4.177.842
**D ACHMEA UNIT LINKED BELEGGINGSFONDSEN 0 349.080 349.080
**D CNP ASSURANCES SA 0 93.903.921 93.903.921
**D INVESTISSEMENT TRESOR VIE 0 225.039 225.039
**D LA BANQUE POSTALE DE PREVOYANCE 0 144.246 144.246
**D PREVIPOSTE 0 1.377.969 1.377.969
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 6.515 6.515
Total vote 117.616.171
Percentage of voters% 1,410172
Percentage of Capital% 0,610224
Page 23

UniCredit S.p.A. 29 April 2011 19.46.18
RESULTS OF VOTING
Subjetc: Sistemi Retributivi 2011 di Gruppo
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
NOT VOTING
1287 ROSANIA ELMAN 0 0 0
*** CASELLA POTITO 0 24 24
*** CAPPIELLO ANDREA 0 965 965
*** GALANO PASQUALE 0 8.329 8.329
*** ACQUAVIA VITO ANTONIO 0 11 11
*** TELESCA FRANCESCO SAVERIO 0 173 173
*** NOTARGIACOMO GIULIA 0 71.232 71.232
*** MITRIONE MARIA ADELAIDE 0 6.172 6.172
*** DI LUCCHIO LOREDANA ERMINIA 0 1.986 1.986
*** DI LUCCHIO GIANPAOLO CRISTIAN 0 3.984 3.984
*** DELLI COLLI CLEMENTE 0 128.301 128.301
*** DELLI COLLI VALERIA 0 57.948 57.948
*** TELESCA GIANLUCA 0 173 173
*** TELESCA MARIA LUIGIA 0 197 197
*** DE BONIS DONATO ANTONIO 0 11 11
*** VARLOTTA GIOVANNI 0 10 10
*** ATELLA GIANFRANCO 0 1.733 1.733
*** SARI ANGELO 0 18.213 18.213
*** BUFANO TOMMASO 0 13 13
*** MIMMO ANTONIO 0 14.289 14.289
*** GIGLIO DOMENICO 0 144 144
*** CORDASCO DOMENICO 0 11 11
*** CATAPANO SALVATORE CARMINE VINCENZO 0 5 5
*** NOLE` ORIANA 0 3.310 3.310
*** POTENZA DONATO 0 10.000 10.000
*** GUALANDI BIANCA ENRICA 0 1.818 1.818
*** VARLOTTA CINZIA ANNAMARIA 0 10 10
2047 LA VERDE LUCIO 8.500 0 8.500
Total vote 337.562
Percentage of voters% 0,004047
Percentage of Capital% 0,001751
Page 24

UniCredit S.p.A. 29 April 2011 19.56.06
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
RESULTS OF VOTING
Subjetc : Group's 2011 employee share ownership plan
19 (*) persons entitled to vote took part in the voting, representing 8.340.554.404 ordinary shares, equating to
43,273039 % of ordinary share capital of which 25.869 shares were represented in person and 8.340.528.535 by
proxy.
8.340.554.404 ordinary shares were admitted to voting, corresponding to 100,000000% of the shares
represented at the meeting.
The counting of votes produced the following results:
% of share capital present and entitled
to vote %ordinary capital
In Favour 7.829.466.490 votes equating to 93,872255 40,621377
AGAINST 466.358.923 votes equating to 5,591462 2,419595
Sub-Total 8.295.825.413 votes equating to 99,463717 43,040973
Abstentions 44.399.929 votes equating to 0,532338 0,230359
Not Voting 329.062 votes equating to 0,003945 0,001707
Sub-Total 44.728.991 votes equating to 0,536283 0,232066
Total 8.340.554.404 votes equating to 100,000000 43,273039
Pursuant to art. 135-undecies of TUF 0 shares were not counted for the calculation of the majority and of share
capital needed for approval to voting, corresponding to % of the shares represented at the meeting.
(*)NOTE:
There were 0 more people in attendance entitled to vote relative to the previous count, representing an
addintional 0,000000% of ordinary share capital.
Pag. 1

UniCredit S.p.A. 29 April 2011 19.56.06
RESULTS OF VOTING
Subjetc: Piano Partecipazione Azionaria per i Dipendenti
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
1027 DE COSMO AMANDA 0 0 0
**D LPIP, AKT EUROPA II(INDEKSPORTEF C/O NYKREDIT PORTEFOLJE ADM. A/S 0 1.426.190 1.426.190
**D LPI AKTIER EUROPA C/O NYKREDIT PORTEFOLJE ADM. A/S 0 71.704 71.704
**D ING DIRECT 0 250.753 250.753
**D BBH B J T S RE CMA MFS EX-JAPAN GROWTH MOTHER FUND 0 23.278 23.278
**D BBH B FOR TMTBJ RE: MUTB400037270 0 135.444 135.444
**D NATIONAL AUTOMATIC SPRINKLER INDUSTRY PENSION FUND (TRILOGY) 0 519.485 519.485
**D UNPMF 0 418.791 418.791
**D OMEGA DIVERISFIE 0 118.362 118.362
**D OFI NEMO 0 1.400.000 1.400.000
**D OFI LEADER 0 871.084 871.084
**D OFI CIBLE 0 1.586.400 1.586.400
**D ALPHA DIVERSIFIE 0 70.911 70.911
**D OPTIMIX WHOLESALE GLOBAL SHARE TRUST 0 257.662 257.662
**D HOUR GLASS INDEXED INT SHARED SECT TRUST 0 232.556 232.556
**D FORD MOTOR COMPANY DEFINED BENEFIT 0 1.900.068 1.900.068
**D JAGUAR PENSION PLAN 0 216.000 216.000
**D JOANNE COTSEN TRUST B 0 10.353 10.353
**D NORTHERN INTL EQUITY INDEX FUND 0 1.933.258 1.933.258
**D THE MASTER TRUST BANK OF JAPAN 0 90.257 90.257
**D NT GLOBAL INVESTMENT COLL FUNDS 0 16.246.312 16.246.312
**D NTGI-QM COMMON DAILY ALL COUNTRY WORLD E 0 187.340 187.340
**D VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIAT 0 46.509 46.509
**D THE HENRY SMITH CHARITY 0 429.925 429.925
**D TRINITY COLLEGE 0 92.977 92.977
**D WHEELS COMMON INVESTMENT FUND 0 797.029 797.029
**D FORD MOTOR COMPANY DEFINED BENEFIT 0 193.940 193.940
**D UNITED NATIONS RELIEF AND WORKS FOR PALESTINIAN REFUGEES IN THE NEAR EAST 0 57.936 57.936
**D NORTHERN INSTIT FUNDS INT INDEX PF 0 274.634 274.634
**D MUNICIPAL EMP ANNUITY E BEN FD CHICA 0 263.245 263.245
**D INDIANA STATE TEACHERS RETIREMENT FD 0 484.109 484.109
**D QM COMMON DAILY WORLD INDEX FUND 0 470.646 470.646
**D SANDIA CORPORATION PENSIONS PLANS 0 163.036 163.036
**D INTERNATIONAL EQUITY PARTNERS 0 140.313 140.313
**D HK MONETARY AUTHORITY 0 7.607.761 7.607.761
**D HONG KONG SPECIAL ADMIN EXCHANGE FD 0 1.841.727 1.841.727
**D NORTHERN TRUST NON-UCITS COMMON CONTRACT 0 18.428 18.428
**D COMMON MONTHLY INTL EX-JAPAN EQUITY 0 207.969 207.969
**D CENTRAL PROVIDENT FUND BOARD 0 220.385 220.385
**D NATIONAL COUNCIL FOR SOCIAL SEC FUND 0 272.393 272.393
**D NORTHERN TRUST QUANTITATIVE FUND PLC 0 633.466 633.466
**D NORTHERN TRUST UNIT TRUST 0 3.032.777 3.032.777
**D NORTHERN TRUST ROBUSTA FUND 0 1.370.439 1.370.439
Page 1

UniCredit S.p.A. 29 April 2011 19.56.06
RESULTS OF VOTING
Subjetc: Piano Partecipazione Azionaria per i Dipendenti
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D FORD OF CANADA MASTER TRUST FUND 0 330.418 330.418
**D PENSION PLAN TRUST FUND 0 852.554 852.554
**D MICROSOFT GLOBAL FINANCE LIMITED 0 2.509.190 2.509.190
**D BLUE SKY GROUP 0 5.137.397 5.137.397
**D STICHTING INSTITUUT GAK 0 85.325 85.325
**D FUTURE FUND FOR BOARD OF GUARDIANS 0 3.934.335 3.934.335
**D STICHTING PENSIOENFONDS SAGITTARIUS 0 583.121 583.121
**D TREDJE AP-FONDEN 0 7.998.655 7.998.655
**D ABU DHABI RETIREMENT PENSION FUND 0 564.567 564.567
**D STICHTING PENSIOENFONDS CAMPINA 0 447.793 447.793
**D PUBLIC EMPLOYEES RETIREMENT ASSOCIATION 0 1.487.029 1.487.029
**D PENN SERIES DEVELOPED INTERNATIONAL INDE 0 67.994 67.994
**D DAVID E MOORE 0 48.282 48.282
**D SAS TRUSTEE CORPORATION 0 1.678.146 1.678.146
**D ROCKEFELLER & CO., INC 0 1.187.520 1.187.520
**D SAMPENSION INVEST AFDELING GLOBAL AKTIEN 0 732.202 732.202
**D QANTAS SUPERANNUATION PLAN 0 180.545 180.545
**D LABOR PENSION FUND SUPERVISORY COMMITTEE 0 103.354 103.354
**D LABOR PENSION FUND SUPERVISORY COMMITTEE-LABOR RETIREMENT FUND 0 98.395 98.395
**D FUNDACAO CALOUSTE GULBENKIAN 0 1.007.020 1.007.020
**D AUSTRALIAN REWARD INVESTMENT ALLIANCE 0 576.591 576.591
**D THE TRUSTEE FOR INTERNATIONAL EQUITIES S 0 214.940 214.940
**D THE BOEING COMPANY EMPLOYEE RETIREMENT P 0 689.923 689.923
**D WASHINGTON STATE INVESTMENT BOARD 0 6.467.557 6.467.557
**D STATE OF WYOMING, WYOMING STATE TREASURE 0 525.687 525.687
**D THE MASTER TRUST BANK OF JAPAN LTD AS TRUSTEE FOR MUTB400045794 11-3 0 13.226.807 13.226.807
**D THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FOR MTBJ400045827 0 2.225.207 2.225.207
**D GENERAL MOTORS CANADA DOMESTIC TRUST 0 94.454 94.454
**D BRITISH COLUMBIA INV.MAN.CORPORATION 0 11.672.283 11.672.283
**D PROV NOVA SCOTIA PUBLIC SERV SUPERANN FD 0 82.895 82.895
**D NOVA SCOTIA TEACHERS PENSION FUND 0 101.778 101.778
**D NUCLEAR LIABILITIES FUND LIMITED 0 470.364 470.364
**D 1199 HEALTHCARE EMPLOYEES PENSION TRUST 0 2.205.001 2.205.001
**D DWS INTERNATIONAL FUND 0 4.862.226 4.862.226
**D DWS VARIABLE SERIES I - DWS INTERNATIONA 0 1.351.519 1.351.519
**D SCUDDER VARIABLE SERIES II - SCUDDER INTERNATIOL SELECT PORTFOLIO 0 2.078 2.078
**D MORGAN GRENFELL INTERNATIONAL SELECT EQUITY FUND 0 2.122 2.122
**D NORTHWESTERN MUTUAL SERIES FUND INC INT. GROWTH PORTFOLIO 0 922.591 922.591
**D MACIF GESTION 0 1.112.474 1.112.474
**D GENERALI INVESTMENTS FRANCE 0 1.030.299 1.030.299
**D GENERALI INVESTMENTS FRANCE 0 536.530 536.530
**D EPARGNE RETRAITE INTERNATIONAL 0 683.057 683.057
**D AGI FRANCE 0 6.000.000 6.000.000
Page 2

UniCredit S.p.A. 29 April 2011 19.56.06
RESULTS OF VOTING
Subjetc: Piano Partecipazione Azionaria per i Dipendenti
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D OFI FLEX CO OFI ASSET MANAGEMENT 0 413.771 413.771
**D JANUS CAPITAL FUND PLC JANUS EUROPEAN RESEARCH FUND 0 45.783 45.783
**D OFI AM 0 254.431 254.431
**D COLONIAL FIRST STATE INVESTEMENT LIMITED 0 861.265 861.265
**D NTUC INCOME INSURANCE COOPERATIVE LIMITED 0 66.682 66.682
**D COLONIAL FIRST STATE INVESTMENTS LIMITED 0 899.155 899.155
**D TEACHERS` RETIREMENT SYSTEM OF THE STATE OF ILLINOIS 0 1.028.726 1.028.726
**D ARKWRIGHT, LLC 0 59.123 59.123
**D JOHN HANCOCK TRUST INTERNATIONAL EQUITY INDEX TRUST B 0 300.357 300.357
**D JOHN HANCOCK TRUST INTERNATIONAL EQUITY INDEX TRUST A 0 284.712 284.712
**D JOHN HANCOCK FUNDS II INTERNATIONAL EQUITY INDEX FUND 0 388.959 388.959
**D MANAGED PENSION FUNDS LIMITED 0 19.844.991 19.844.991
**D CAVENHAM GLOBAL EQUITIES 0 643.456 643.456
**D METROPOLITAN LIFE INSURANCE COMPANY 0 370.648 370.648
**D BRUNSWICK UNIT 1 QUALIFIED NUCLEAR DECOMMISSIONING FUND 0 34.297 34.297
**D HARRIS UNIT 1 QUALIFIED NUCLEAR DECOMMISSIONING FUND 0 26.044 26.044
**D BRUNSWICK UNIT 2 QUALIFIED NUCLEAR DECOMMISSIONING FUND 0 35.323 35.323
**D ROBINSON UNIT 2 QUALIFIED NUCLEAR DECOMMISSIONING FUND 0 47.475 47.475
**D THE MASTER TRUST BK OF JP LTD: HITACHI FOREIGN EQ INDEX MF 0 468.803 468.803
**D GOVERNMENT OF THE REPUBLIC OF SINGAPORE . 0 105.954 105.954
**D PENSION FUND OF SUMITOMO MITSUI BANKING CORPORATION 0 95.352 95.352
**D ARIZONA STATE RETIREMENT SYSTEM 0 91.177 91.177
**D ENERGY INSURANCE MUTUAL LIMITED 0 214.122 214.122
**D GENERAL CONFERENCE CORPORATION OF SEVENTH DAY ADVENTISTS 0 19.619 19.619
**D UNITED TECHNOLOGIES CORPORATION EMPLOYEE SAVINGS PLAN 0 540.422 540.422
**D AMERICAN HEART ASSOCIATION 0 27.379 27.379
**D CAISSE DE DEPOT ET PLACEMENT DU QUEBEC 0 29.072.481 29.072.481
**D INSURANCE CORPORATION OF BRITISH COLUMBIA 0 345.989 345.989
**D ING DIRECT STREETWISE BALANCED INCOME FUND 0 11.027 11.027
**D ING DIRECT STREETWISE BALANCED FUND 0 47.272 47.272
**D ING DIRECT STREETWISE BALANCED GROWTH FUND 0 64.036 64.036
**D STATE FARM MUTUAL FUND TRUST, INTERNATIONAL INDEX FUND 0 257.555 257.555
**D DWS LIFECYCLE LONG RANGE FUND 0 146.319 146.319
**D DWS BALANCED VIP 0 144.623 144.623
**D DWS BALANCED FUND 0 553.259 553.259
**D DWS EAFE EQUITY INDEX FUND 0 19.333 19.333
**D JANUS OVERSEAS FUND 0 127.766.657 127.766.657
**D JANUS ASPEN SERIES OVERSEAS PORTFOLIO 0 15.265.827 15.265.827
**D JANUS ADVISER INTERNATIONAL EQUITY FUND 0 814.063 814.063
**D NORTHROP GRUMMAN CORPORATION VEBA MASTER TRUST I 0 30.314 30.314
**D OHIO POLICE AND FIRE PENSION FUND 0 4.460.171 4.460.171
**D SSGA GLOBAL INDEX PLUS NL TRUST 0 663.330 663.330
**D SSGA WEALTH WEIGHTED GLOBAL EQUITIES INDEX NL TRUST 0 349.164 349.164
Page 3

UniCredit S.p.A. 29 April 2011 19.56.06
RESULTS OF VOTING
Subjetc: Piano Partecipazione Azionaria per i Dipendenti
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D WESTPAC INTERNATIONAL SHARE INDEX TRUST 0 930.991 930.991
**D SSGA INTERNATIONAL EQUITIES INDEX NL TRUST 0 203.974 203.974
**D GOV OF HM THE SULTAN AND YANG DI-PERTUAN OF BRUNEI DARUSSALAM 0 768.017 768.017
**D HONG KONG HOUSING AUTHORITY 0 137.939 137.939
**D HOME AFFAIRS UNIFORMED SERVICES (INVEST FUND) 0 14.700 14.700
**D DEUTSCHE DBI GLOBAL SHARES FUND 0 49.065 49.065
**D WORKERS COMPENSATION INSURANCE FUND 0 160.409 160.409
**D WUT47 0 57.095 57.095
**D SSGA MSCI ACWI EX-USA INDEX NON-LENDING DAILY TRUST 0 239.080 239.080
**D BAERUM KOMMUNE 0 110.168 110.168
**D UAW RETIREE MEDICAL BENEFITS TRUST 0 3.328.043 3.328.043
**D EUROPE ALPHA COMMON TRUST FUND 0 173.752 173.752
**D SS BK AND TRUST COMPANY INV FUNDS FOR TAXEXEMPT RETIREMENT PL 0 44.093.944 44.093.944
**D SSGA MSCI EUROPE SCREENED INDEX NON-LENDING COMMON TRUST FUND 0 268.544 268.544
**D MSCI EAFE PROV SCREENED INDEX NON - LENDING COMMON TR FUND 0 226.489 226.489
**D GLOBAL ADVANTAGE FUNDS - MAJOR MARKETS TEILFONDS 0 3.124.943 3.124.943
**D UNIVERSAL SHIPOWNERS MARINE INS ASS LTD EQUITY CLASS 3 0 80.179 80.179
**D MARCH FUND 0 93.667 93.667
**D IBM SAVINGS PLAN 0 2.215.354 2.215.354
**D PENSION FUND ASSOCIATION FOR LOCAL GOVERNMENT OFFICIALS 0 786.692 786.692
**D SSGA GLOBAL INDEX PLUS TRUST 0 297.691 297.691
**D IAM NATIONAL PENSION FUND 0 465.167 465.167
**D STATE OF ALASKA RETIREMENT AND BENEFITS PLANS 0 267.549 267.549
**D METROPOLITAN SERIES FUND MORGAN STANLEY EAFE INDEX PORTFOLIO 0 903.108 903.108
**D STATE OF MINNESOTA 0 3.020.563 3.020.563
**D SPDR MSCI ACWI EX-US ETF 0 160.575 160.575
**D SPDR S&P WORLD (EX-US) ETF 0 165.425 165.425
**D SPDR S+P INTERNATIONAL FINANCIAL SECTOR ETF 0 35.727 35.727
**D SSGA INTERNATIONAL EQUITIES INDEX TRUST 0 242.148 242.148
**D SSGA WEALTH WEIGHTED GLOBAL EQUITIES INDEX TRUST 0 145.699 145.699
**D SSGA ITALY INDEX FUND 0 2.214.179 2.214.179
**D SSGA MSCI EAFE INDEX FUND 0 378.954 378.954
**D SSGA WORLD INDEX EQUITY FUND 0 1.284.682 1.284.682
**D SSGA ITALY INDEX EQUITY FUND 0 6.346.478 6.346.478
**D SSGA EUROPE ALPHA EQUITY FUND I 0 151.821 151.821
**D SSGA EMU INDEX EQUITY FUND 0 9.951.120 9.951.120
**D SSGA FINANCIALS INDEX EQUITY FUND 0 72.710 72.710
**D STREETTRACKS MSCI EUROPE ETF 0 941.578 941.578
**D SPDR MSCI EUROPE FINANCIALS ETF 0 948.047 948.047
**D STATE STREET EUROPE ENHANCED 0 1.359.486 1.359.486
**D SSGA EUROPE INDEX EQUITY FUND 0 1.556.419 1.556.419
**D STATE STREET SRI WORLD INDEX 0 250.292 250.292
**D SPDR STOXX EUROPE 50 ETF 0 164.595 164.595
Page 4

UniCredit S.p.A. 29 April 2011 19.56.06
RESULTS OF VOTING
Subjetc: Piano Partecipazione Azionaria per i Dipendenti
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
AGAINST
**D SPDR DJ EURO STOXX 50 ETF 0 1.222.320 1.222.320
**D EUROPE INDEX PLUS COMMON TRUST FUND 0 933.108 933.108
**D COMMON TRUST ITALY FUND 0 13.346.910 13.346.910
**D WORLD INDEX OLUS SECURITIES LENDING COMMON TRUST FUND 0 468.220 468.220
**D FCP ERAFP ACTIONS INTERNATIONALES II SSGA 0 299.990 299.990
**D FCP MATMUT ACTIONS EURO 0 800.000 800.000
**D VISION POOLED SUPERANNUATION TRUST 0 338.570 338.570
**D STATE PUBLIC SECTOR SUPERANNUATION SCHEME 0 2.579.059 2.579.059
**D INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 0 434.092 434.092
**D NATIONAL PENSIONS RESERVE FUNDCOMMISSION 0 4.089.651 4.089.651
**D QUEENSLAND INVESTMENT CORPORATION 0 1.294.039 1.294.039
**D JANA PASSIVE GLOBAL SHARE TRUST 0 550.955 550.955
**D STICHTING PENSIOENFONDS HORECA & CATERING 0 1.044.503 1.044.503
**D STICHTING PENSIOENFONDS UWV . 0 854.076 854.076
**D STICHTING BEDRIJKSTAKPENSIENFONDS VOOR HET KAPPERSBEDRIJF 0 34.531 34.531
**D ALASKA PERMANENT FUND CORPORATION 0 3.327 3.327
**D BELLSOUTH CORPORATION HEALTH CARE TRUST RETIREES 0 117 117
**D BELLSOUTH CORP RFA VEBA TRUST FOR NONREPRESENTABLE EMPLOYEES 0 68.855 68.855
**D BELLSOUTH CORPORATION RFA VEBA TRUST 0 297.139 297.139
**D CALIFORNIA STATE AUTOMOBILE ASSOCINTER-INSURANCE BUREAU 0 211.324 211.324
**D COUNTY EMPLOYEES ANNUITY AND BENEFIT FUND OF COOK COUNTY 0 378.290 378.290
**D ELECTRICAL WORKERS LOCAL 26 PENSION TRUST FUND 0 99.123 99.123
**D COUNTY OF LOS ANGELES DEFERRED COMPENSATION AND THRIFT PLAN 0 1.674.327 1.674.327
**D LVIP SSGA INTERNATIONAL INDEX FUND 0 529.304 529.304
**D LVIP DELAWARE FOUNDATION MODERATE A 0 115.580 115.580
**D MANVILLE PERSONAL INJURY SETTLEMENT TRUST 0 121.815 121.815
**D MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHST 0 2.402.772 2.402.772
**D NEW YORK STATE DEFERRED COMPENSATION PLAN 0 135.048 135.048
**D BELL ATLANTIC MASTER TRUST 0 307.540 307.540
**D HYDRO ONE PENSION PLAN . 0 561.040 561.040
**D PG&E POSTRET. MEDICAL PLAN TR.MGMT & NONBARGAINING 0 36.292 36.292
**D ARIZONA PSPRS TRUST 0 764.510 764.510
**D QUEEN`S UNIVERSITY AT KINGSTON 0 65.800 65.800
**D AT&T UNION WELFARE BENEFIT TRUST 0 2.398.818 2.398.818
**D SEMPRA ENERGY PENSION MASTER TRUST 0 465.818 465.818
**D SAN DIEGO GAS AND ELEC CO NUCLEAR FACILITIES QUAL DEC 0 141.036 141.036
**D NEXTERA ENERGY SEABROOK LLC PART IN SEABROOK NUCLEAR FIN FUND 0 154.549 154.549
**D TORONTO FIRE DEPARTMENT SUPERANNUATION AND BENEFIT FD 0 21.304 21.304
**D THE BOSTON COMMON INTNL SOCIAL INDEX FUND, LLC 0 63.370 63.370
**D MATMUT ACTIONS EURO 0 800.000 800.000
1287 ROSANIA ELMAN 0 0 0
*** LUCIANO LIDIA 0 10 10
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 9.210 9.210
Page 5

UniCredit S.p.A. 29 April 2011 19.56.06
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
RESULTS OF VOTING
Subjetc: Piano Partecipazione Azionaria per i Dipendenti
AGAINST
Total vote 466.358.923
Percentage of voters% 5,591462
Percentage of Capital% 2,419595
Page 6

UniCredit S.p.A. 29 April 2011 19.56.06
RESULTS OF VOTING
Subjetc: Piano Partecipazione Azionaria per i Dipendenti
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
ABSTENTIONS
1027 DE COSMO AMANDA 0 0 0
**D FCP NF COLLINES IN 0 1.621.032 1.621.032
**D CMD AGIRC DIV 3 0 1.600.000 1.600.000
**D AGI FRANCE 0 20.414.411 20.414.411
**D AGIF 0 200.000 200.000
**D CITY OF PHILADELPHIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0 352.048 352.048
**D ANDRA AP-FONDEN (AP2) 0 15.279.000 15.279.000
**D RAVGDT DIVERSIFIE I ALLIANZ GLOBAL INVES 0 400.000 400.000
**D FORSTA AP-FONDEN . 0 4.177.842 4.177.842
**D ACHMEA UNIT LINKED BELEGGINGSFONDSEN 0 349.080 349.080
1139 GIGLIONI ALVARO 1 0 1
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 6.515 6.515
Total vote 44.399.929
Percentage of voters% 0,532338
Percentage of Capital% 0,230359
Page 7

UniCredit S.p.A. 29 April 2011 19.56.06
RESULTS OF VOTING
Subjetc: Piano Partecipazione Azionaria per i Dipendenti
ORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 29 April 2011 )
NOT VOTING
1287 ROSANIA ELMAN 0 0 0
*** CASELLA POTITO 0 24 24
*** CAPPIELLO ANDREA 0 965 965
*** GALANO PASQUALE 0 8.329 8.329
*** ACQUAVIA VITO ANTONIO 0 11 11
*** TELESCA FRANCESCO SAVERIO 0 173 173
*** NOTARGIACOMO GIULIA 0 71.232 71.232
*** MITRIONE MARIA ADELAIDE 0 6.172 6.172
*** DI LUCCHIO LOREDANA ERMINIA 0 1.986 1.986
*** DI LUCCHIO GIANPAOLO CRISTIAN 0 3.984 3.984
*** DELLI COLLI CLEMENTE 0 128.301 128.301
*** DELLI COLLI VALERIA 0 57.948 57.948
*** TELESCA GIANLUCA 0 173 173
*** TELESCA MARIA LUIGIA 0 197 197
*** DE BONIS DONATO ANTONIO 0 11 11
*** VARLOTTA GIOVANNI 0 10 10
*** ATELLA GIANFRANCO 0 1.733 1.733
*** SARI ANGELO 0 18.213 18.213
*** BUFANO TOMMASO 0 13 13
*** MIMMO ANTONIO 0 14.289 14.289
*** GIGLIO DOMENICO 0 144 144
*** CORDASCO DOMENICO 0 11 11
*** CATAPANO SALVATORE CARMINE VINCENZO 0 5 5
*** NOLE` ORIANA 0 3.310 3.310
*** POTENZA DONATO 0 10.000 10.000
*** GUALANDI BIANCA ENRICA 0 1.818 1.818
*** VARLOTTA CINZIA ANNAMARIA 0 10 10
Total vote 329.062
Percentage of voters% 0,003945
Percentage of Capital% 0,001707
Page 8

UniCredit S.p.A. Ordinary Shareholders' Meeting Page 1
List of owner ordinary, shares taking part in the meeting held on 29/04/2011 in second call..
The proxies havebeen given in compilance with the provisions of section 2372 of then Italian Civil Code.
PRESENT IN /BY
Shares
Person Prozy In Person By Proxy
0 3 AGRIMANO SALVATORE 0 578.086.283
1 0 BERTANI PIER GIORGIO 1.000 0
1 0 BIELEWICZ JERZY CEZARY 2 0
0 2 BOCCARDO SILVIO 0 692.454.671
1 0 BONINI BARBARA 4.138 0
0 4 BRUGOLA CESARE 0 84.488.634
0 6 CAMPANELLA TIZIANA 0 61.372.683
0 1 CAPRARO CARLO 0 134.463.380
1 0 CARMAGNOLA EDOARDO 6.796 0
1 0 CASSINELLI GERMANO 25.300 0
1 0 CECCARELLI CLAUDIO 2.718 0
1 0 CINOTTI EDDA 678 0
1 0 COLUMBRO DANTE MARIO 271 0
1 0 D`ANGERIO SILVIO 1.000 0
1 0 DANESI MARIANGELA 2.000 0
1 0 DE CESARE LUIGI 100 0
0 2.151 DE COSMO AMANDA 0 4.641.317.063
1 0 DI STEFANO GIULIANO 572 0
1 0 DOBRILLA RICCARDO 1 0
1 0 DOMINA FRANCESCO PAOLO 1.151 0
0 3 DRAGHI GIORGIO 0 298.687.336
1 0 FIORENTINI GIANLUCA 2.718 0
1 0 FONDAZIONE CASSA DI RISPARMIO DI REGGIO EMILIA PIETRO MANODORI 152.107.055 0
in the person of BORGHI GIANNI
0 1 GALLINGANI ALFEO 0 21.902.751
1 0 GIGLIONI ALVARO 1 0
1 0 GOLIANI MARIO 29.000 0
1 1 GUERRA GIORGIO 7 7
1 0 LA VERDE LUCIO 8.500 0
1 0 LAGANI GIUSEPPE VITTORIO 12.249 0
1 0 LAURITANO DOMENICO 3.200 0
1 0 LOMBARDI GIANFRANCO 8.140 0
0 1 MARBOT MICHEL MARIE PIERRE 0 1
1 0 MASELLA CARLO 5.695 0
1 0 PACIFICO RICCARDO 150 0
1 0 PEDERSOLI LANFRANCO 2.985 0
1 0 PIERETTI CARLO 270 0
1 0 RASTRELLI FABIO 5 0
0 23 ROSANIA ELMAN 0 313.934
1 1 ROSSI AGOSTINO 4.002 10.998
1 0 ROVEDA ADALBERTO 10.678 0
1 0 RUFINI MAURO 2.699 0
0 1 SANTANGELO PAOLO 0 62.651.008
1 0 SANTORO FRANCESCO 2 0
0 1 SINAGRA FAUSTO 0 811.550.000
1 0 TUDINI GERARDO 1.694 0
1 0 VALENTINI PIERANGELO 5.750 0
1 5 WOLFGRING ALEXANDER 13.230 135.052.922
1 0 ZILIOTTO PIERLUIGI 2.000 0
36 2.204 At opening of metting 152.265.757 7.522.351.671
TOTAL: 7.674.617.428
Intervenuti/allontanatisi successivamente:
0 -3 AGRIMANO SALVATORE 0 -578.086.283
0 8 AGRIMANO SALVATORE 0 814.681.972
-1 0 BERTANI PIER GIORGIO -1.000 0
0 -4 BRUGOLA CESARE 0 -84.488.634
-1 0 CARMAGNOLA EDOARDO -6.796 0
-1 0 CECCARELLI CLAUDIO -2.718 0
0 11 CHIESA FRANCESCO 0 389.475.435
-1 0 CINOTTI EDDA -678 0
-1 0 DE CESARE LUIGI -100 0
1 0 DE LILLO EMILIO 2.298 0
-1 0 DI STEFANO GIULIANO -572 0
-1 0 DOMINA FRANCESCO PAOLO -1.151 0
0 4 DRAGHI GIORGIO 0 313.171.612
0 -3 DRAGHI GIORGIO 0 -298.687.336
-1 0 FIORENTINI GIANLUCA -2.718 0

UniCredit S.p.A. Ordinary Shareholders' Meeting Page 2
List of owner ordinary, shares taking part in the meeting held on 29/04/2011 in second call..
The proxies havebeen given in compilance with the provisions of section 2372 of then Italian Civil Code.
PRESENT IN /BY
Shares
Person Prozy In Person By Proxy
-1 0 FONDAZIONE CASSA DI RISPARMIO DI REGGIO EMILIA PIETRO MANODORI -152.107.055 0
in the person of BORGHI GIANNI
-1 0 GOLIANI MARIO -29.000 0
-1 0 LAGANI GIUSEPPE VITTORIO -12.249 0
-1 0 LAURITANO DOMENICO -3.200 0
0 1 LI CALZI CLEO 0 94.985.136
1 0 LOMBARDI ANGELA 238 0
-1 0 PIERETTI CARLO -270 0
0 1 PIPPONZI IVANA ENRICA 0 10
0 1 PUGLISI GIOVANNI 0 92.162.769
-1 0 RASTRELLI FABIO -5 0
0 27 ROSANIA ELMAN 0 329.072
0 -23 ROSANIA ELMAN 0 -313.934
-1 -1 ROSSI AGOSTINO -4.002 -10.998
-1 0 ROVEDA ADALBERTO -10.678 0
-1 0 RUFINI MAURO -2.699 0
0 29 UNGARI RICCARDO 0 74.938.286
0 4 VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 19.775
21 2.256 Presentation of the financial statement 83.402 8.340.528.553
TOTAL: 8.340.611.955
Intervenuti/allontanatisi successivamente:
1 0 MAGLIONE GIOVANNI BATTISTA 147 0
22 2.256 Allocation of the net profit of the year 83.549 8.340.528.553
TOTAL: 8.340.612.102
Intervenuti/allontanatisi successivamente:
-1 0 COLUMBRO DANTE MARIO -271 0
-1 0 D`ANGERIO SILVIO -1.000 0
-1 0 PACIFICO RICCARDO -150 0
-1 0 SANTORO FRANCESCO -2 0
-1 0 TUDINI GERARDO -1.694 0
-1 0 VALENTINI PIERANGELO -5.750 0
16 2.256 Reduction of Board members from 23 to 22 74.682 8.340.528.553
Intervenuti/allontanatisi successivamente:
TOTAL: 8.340.603.235
16 2.256 Appointment of a Director 74.682 8.340.528.553
TOTAL: 8.340.603.235
Intervenuti/allontanatisi successivamente:
-1 0 BIELEWICZ JERZY CEZARY -2 0
-1 0 ZILIOTTO PIERLUIGI -2.000 0
14 2.256 Redefinition of the compensation Directors 72.680 8.340.528.553
TOTAL: 8.340.601.233
Intervenuti/allontanatisi successivamente:
-1 0 CASSINELLI GERMANO -25.300 0
-1 0 DANESI MARIANGELA -2.000 0
-1 0 LOMBARDI GIANFRANCO -8.140 0
0 -1 MARBOT MICHEL MARIE PIERRE 0 -1
0 -1 PIPPONZI IVANA ENRICA 0 -10
11 2.254 Integration hours and fees of auditing firm KPMG 37.240 8.340.528.542
TOTAL: 8.340.565.782

UniCredit S.p.A. Ordinary Shareholders' Meeting Page 3
List of owner ordinary, shares taking part in the meeting held on 29/04/2011 in second call..
The proxies havebeen given in compilance with the provisions of section 2372 of then Italian Civil Code.
PRESENT IN /BY
Shares
Person Prozy In Person By Proxy
Intervenuti/allontanatisi successivamente:
-1 0 DE LILLO EMILIO -2.298 0
-1 0 LOMBARDI ANGELA -238 0
9 2.254 Absorption of remuneration Common Representative 34.704 8.340.528.542
Intervenuti/allontanatisi successivamente:
TOTAL: 8.340.563.246
9 2.254 Amendment Regulations governing general meetings 34.704 8.340.528.542
Intervenuti/allontanatisi successivamente:
TOTAL: 8.340.563.246
-1 -1 GUERRA GIORGIO -7 -7
-1 0 MASELLA CARLO -5.695 0
-1 0 PEDERSOLI LANFRANCO -2.985 0
6 2.253 Group’s compensation policy 26.017 8.340.528.535
TOTAL: 8.340.554.552
Intervenuti/allontanatisi successivamente:
-1 0 DOBRILLA RICCARDO -1 0
-1 0 MAGLIONE GIOVANNI BATTISTA -147 0
4 2.253 Group’s compensation practices for 2011 25.869 8.340.528.535
Intervenuti/allontanatisi successivamente:
TOTAL: 8.340.554.404
4 2.253 Group`s 2011 employee share ownership plan 25.869 8.340.528.535
TOTAL: 8.340.554.404

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
1 Proxy givers of AGRIMANO SALVATORE Badge no. 2109
Azioni
CARIMONTE HOLDING SPA 557.706.383
AVIVA LIFE 302.574
RICHIEDENTE:BORGHI GIANNI/FONDAZIONE CASSA DI RISPARMIO DI REGGIO EMILIA PIETRO 152.107.055
MANODORI
RICHIEDENTE:CAMMELLI MARCO/FONDAZIONE MONTE DI BOLOGNA E RAVENNA 1.244.348
RICHIEDENTE:LANDI ANDREA/FONDAZIONE CASSA DI RISPARMIO DI MODENA 19.135.552
AVIVA INSURANCE LIMITED 2.184.465
AVIVA ITALIA SPA 5.025
AVIVA OVERSEAS HOLDINGS LTD 81.996.570
__________
Number of proxies represented by badge: 8 814.681.972
2 Proxy givers of BOCCARDO SILVIO Badge no. 1469
Azioni
RICHIEDENTE:COMBA ANDREA/FONDAZIONE CASSA DI RISPARMIO DI TORINO 639.734.920
PERSEO SPA 52.719.751
di cui 40.774.720 azioni in prestito titoli con diritto di voto a favore del prestatore. Intestatario MEDIOBANCA S.P.A.
__________
Number of proxies represented by badge: 2 692.454.671
3 Proxy givers of CAMPANELLA TIZIANA Badge no. 1490
Azioni
RICHIEDENTE:BANCA SAI SPA/SIAT SPA - SOCIETA` ITALIANA DI ASSICURAZIONI E RIASSICURAZIONI 13.565
COMPAGNIA DI ASSICURAZIONE DI MILANO SPA 47.966.603
RICHIEDENTE:BANCA SAI SPA/FONDIARIA SAI SPA 13.257.888
RICHIEDENTE:BANCA SAI SPA/DIALOGO ASSICURAZIONI SPA 5.422
POPOLARE VITA S.P.A. 90.377
COMPAGNIA DI ASSICURAZIONE DI MILANO SPA 38.828
__________
Number of proxies represented by badge: 6 61.372.683
4 Proxy giver of CAPRARO CARLO Badge no. 1828
Azioni
RICHIEDENTE:DE POLI DINO/FONDAZIONE CASSAMARCA, CASSA DI RISPARMIO DELLA MARCA 134.463.380
TRIVIGIANA
di cui 9.775.596 in garanzia a UNICREDIT BANCA;
di cui 30.000.000 in garanzia a UNICREDIT BANCA
134.463.380
5 Proxy givers of CHIESA FRANCESCO Badge no. 878
Azioni
ALLIANZ LIFE LUX S.A. 367.723
RB VITA S.P.A. 5.574.961
ALLIANZ SPA 229.993.844
ALLIANZ BELGIUM SA 591.194
ALLIANZ VIE 6.944.770
ALLIANZ VIE PREFON 698.474
ALLIANZ VIE ANCRE 1.189.976
ALLIANZ IARD 3.140.637
ARCALIS 394.325
GENERATION VIE 118.966
ALLIANZ FINANCE IV LUXEMBOURG SARL 140.460.565
__________
Number of proxies represented by badge: 11 389.475.435
6 Proxy givers of DE COSMO AMANDA Badge no. 1027
Azioni
AGENTE:BROWN BROTHERS HARR/GMO ERISA POOL 10.268.839
MLC LIMITED 49.422
AGENTE:BROWN BROTHERS HARR/GMO FOREIGN FUND 9.095.923
AGENTE:NORTHERN TRUST -LO/TYNE AND WEAR PENSION FUND 1.555.473
AGENTE:STATE STREET BANK AND TRUST COMPANY/COMMON TRUST ITALY FUND 13.346.910
AGENTE:STATE STREET BANK AND TRUST COMPANY/JANUS OVERSEAS FUND 127.766.657
AGENTE:NORTHERN TRUST -LO/LOTHIAN PENSION FUND 2.078.596
AGENTE:NORTHERN TRUST -LO/FORD FOUNDATION 781.479
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA GLOBAL INDEX PLUS TRUST 297.691
AGENTE:MERRILL L.PIERCE FEN/MERRILL LYNCH PIERCE AND FEN 2.473.665
AGENTE:JP MORGAN CHASE BANK/THE CHASE MANHATTAN BANK 33.106
AGENTE:BNP PARIBAS 2S-PARIS/INVESCO ACTIONS EUROPE 1.386.002
FOREST FOUNDATION 2.461
pag. 1

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
HARRODS GROUP PENSION PLAN 144.950
AGENTE:STATE STREET BANK AND TRUST COMPANY/CITY OF TALLAHASSEE 279.596
AGENTE:JP MORGAN CHASE BANK/GOVERNMENT OF NORWAY 293.374.675
AGENTE:NORTHERN TRUST -LO/ANGLIAN WATER PENSION SCHEME 26.237
AGENTE:STATE STREET BANK AND TRUST COMPANY/ELFUN DIVERSIFIED FUND 280.774
AGENTE:HSBC BANK PLC/SAUDI ARABIAN MONETARY AGENCY 3.576.788
AGENTE:NORTHERN TRUST -LO/ANDREW W. MELLON FOUNDATION 49.945
AGENTE:STATE STREET BANK AND TRUST COMPANY/BRUNEI INVESTMENT AGENCY 3.152.428
AGENTE:JP MORGAN CHASE BANK/ROYAL SCOTTISH ASSURANCE PLC 109.928
AGENTE:NORTHERN TRUST -LO/LJR LIMITED PARTNERSHIP 402.604
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE OF ALASKA RETIREMENT AND BENEFITS 3.410.791
PLANS
AGENTE:JP MORGAN CHASE BANK/SAS TRUSTEE CORPORATION 1.865.900
AGENTE:NORTHERN TRUST -LO/STRATHCLYDE PENSION FUND 1.633.580
AGENTE:NORTHERN TRUST -LO/CLERICAL MEDICAL MANAGED FUNDS LTD 63.027
AGENTE:NORTHERN TRUST -LO/CITY OF FRESNO RETIREMENT SYSTEM 312.853
HOWARD HUGHES MEDICAL INSTITUTE 168.785
STANDARD CHARTERED PENSION FUND 773.982
AGENTE:STATE STREET BANK AND TRUST COMPANY/GENERAL ELECTRIC PENSION TRUST 29.411.515
REGENTS OF THE UNIVERSITY OF MICHIGAN 147.486
AGENTE:JP MORGAN CHASE BANK/FUNDACAO CALOUSTE GULBENKIAN 1.007.020
AGENTE:NORTHERN TRUST -LO/CALIFORNIA PHYSICIAN`S SERVICE 839.811
CATHOLIC UNITED INVESTMENT TRUST 1.408.456
AGENTE:STATE STREET BANK AND TRUST COMPANY/COLLEGE RETIREMENT EQUITIES FUND 19.170.238
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE PRUDENTIAL INSURANCE COMPANY OF 408.180
AMERICA
MERRILL LYNCH INTERNATIONAL 1.356.167
AGENTE:BROWN BROTHERS HARR/SCHWAB INTERNATIONAL INDEX FUND 3.071.213
ELECTRICITY SUPPLY PENSION SCHEME 829.835
AGENTE:NORTHERN TRUST -LO/HOSPITAL AUTHORITY PROVIDENT FUND S. 1.490.156
VICTORIAN WORKCOVER AUTHORITY 476.600
TRANSPORT ACCIDENT COMMISSION 316.200
CAISSE DES DEPOTS ET CONSIGNATIONS 9.670.767
AGENTE:NORTHERN TRUST -LO/ILLINOIS MUNICIPAL RETIREMENT FUND 881.700
AGENTE:STATE STREET BANK AND TRUST COMPANY/COSMOPOLITAN INVESTMENT FUND 10.081
AGENTE:JP MORGAN CHASE BANK/STICHTING SHELL PENSIOENFONDS 4.609.234
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSM HEALTH CARE PORTFOLIO MANAGEMENT 349.321
COMPANY
VICTORIAN SUPERANNUATION FUND 1.343.908
FAIRFAX COUNTY UNIFORMED RETIREMENT SYSTEM 126.360
AGENTE:STATE STREET BANK AND TRUST COMPANY/MASSACHUSETTS LABORERS PENSION FUND 114.133
AGENTE:JP MORGAN CHASE BANK/RETAIL EMPLOYEES SUPERANNUATION TRUST 752.926
AGENTE:STATE STREET BANK AND TRUST COMPANY/ENERGY INSURANCE MUTUAL LIMITED 214.122
RICHIEDENTE:CBNY S/A PRINCIPAL LIFE INSURANCE/PRINCIPAL LIFE INSURANCE COMPANY 4.519.768
AGENTE:BNP PARIBAS 2S-PARIS/BDF-FONDS E ACT. EUROP. 100.586
FCP ICARE 348.569
AGENTE:BNP PARIBAS 2S-PARIS/FCP BNP ACTION EUROPE 193.131
AGENTE:BNP PARIBAS 2S-PARIS/FCP BNP ACTIONS PEA EURO 3.609.624
AGENTE:STATE STREET BANK AND TRUST COMPANY/GENERAL CONFERENCE CORPORATION OF 19.619
SEVENTH DAY ADVENTISTS
AGENTE:STATE STREET BANK AND TRUST COMPANY/PENSION FUND OF SUMITOMO MITSUI BANKING 95.352
CORPORATION
AGENTE:STATE STREET BANK AND TRUST COMPANY/OREGON PUBLIC EMPLOYEES RETIREMENT 4.600.950
SYSTEM
AGENTE:JP MORGAN CHASE BANK/AXA UK GROUP PENSION SCHEME 855.945
AGENTE:JP MORGAN CHASE BANK/SCHRODER GLOBAL EQUITY FUND 668.468
AGENTE:JP MORGAN CHASE BANK/AXA IRELAND PENSION FUND 420.000
AGENTE:NORTHERN TRUST -LO/PFIZER INC.RETIREMENT ANNUITY PLAN 405.203
AGENTE:NORTHERN TRUST -LO/DAILY M&G TRUST SENIOR EXECUTIVES 60.994
AGENTE:NORTHERN TRUST -LO/TREDJE AP-FONDEN 7.998.655
AGENTE:NORTHERN TRUST -LO/STICHTING BEDRIJFSPENSIOENFONDS VOOR 1.226.896
IMPERIAL INTERNATIONAL EQUITY POOL 629.100
QUALITY EDUCATION FUND 35.536
AGENTE:STATE STREET BANK AND TRUST COMPANY/BP PENSION FUND 395.300
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 762.975
AGENTE:STATE STREET BANK AND TRUST COMPANY/CAISSE DE DEPOT ET PLACEMENT DU QUEBEC 29.072.481
AGENTE:JP MORGAN CHASE BANK/NEW YORK STATE COMMON RETIREMENT FUND 391.389
AGENTE:STATE STREET BANK AND TRUST COMPANY/MARYLAND STATE RETIREMENT & PENSION 3.941.115
SYSTEM
AGENTE:NORTHERN TRUST -LO/LEGAL AND GENERAL GLOBAL GROWTH TRUS 197.675
AGENTE:NORTHERN TRUST -LO/COMMON MONTHLY INTL EX-JAPAN EQUITY 207.969
AGENTE:NORTHERN TRUST -LO/STICHTING PENSIOENFONDS CSM NEDERL 31.212
AGENTE:NORTHERN TRUST -LO/UNIVERSITY OF ILLINOIS FOUNDATION 152.548
AGENTE:NORTHERN TRUST -LO/CENTRAL PROVIDENT FUND BOARD 220.385
pag. 2

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
AGENTE:NORTHERN TRUST -LO/SANFORD BERNSTEIN DBT INTERNATIONAL 554.005
AGENTE:NORTHERN TRUST -LO/SANFORD INTERNATIONAL VALUE SERIES 1.392.330
AGENTE:NORTHERN TRUST -LO/SANFORD MANAGED VALUE SERIES 838.225
AGENTE:NORTHERN TRUST -LO/SANFORD TAFT-HARTLEY VALUE SERIES 202.335
AGENTE:NORTHERN TRUST -LO/JAGUAR PENSION PLAN 216.000
AGENTE:JP MORGAN CHASE BANK/UBS GLOBAL ASSET MANAGEMENT LIFE LTD 2.569.277
AGENTE:STATE STREET BANK AND TRUST COMPANY/RUSSELL INTERNATIONAL SHARES FUND 2.020.400
AGENTE:STATE STREET BANK AND TRUST COMPANY/MOOG INC EMPLOYEES RETIREMENT PLAN 177.050
AGENTE:STATE STREET BANK AND TRUST COMPANY/ORANGE COUNTY EMPLOYEES RETIREMENT 252.224
SYSTEM
AGENTE:BNP PARIBAS 2S-PARIS/FCPE MASTERFOODS 156.323
AGENTE:BNP PARIBAS 2S-PARIS/FCPE GPE FORD FR.BNP DIV ND 68.216
AGENTE:BNP PARIBAS 2S-PARIS/FCP MEDERIC ACTION 922.001
DESERET MUTUAL MASTER RETIREMENT PLAN 342.925
AGENTE:JP MORGAN CHASE BANK/NORGES BANK 8.538.184
AGENTE:NORTHERN TRUST -LO/NORTHWESTERN UNIVERSITY 100.089
AGENTE:STATE STREET BANK AND TRUST COMPANY/EUROPE INDEX PLUS COMMON TRUST FUND 933.108
INVESTISSEMENT TRESOR VIE 225.039
AGENTE:NORTHERN TR GLB SERV/DIAGEO PENSION SCHEME 815.385
AGENTE:NORTHERN TRUST -LO/INTERNATIONAL EQUITY FUND 168.231
AGENTE:NORTHERN TRUST -LO/ANZ UK STAFF PENSION SCHEME 110.400
AGENTE:NORTHERN TRUST -LO/CORNWALL COUNTY COUNCIL PENSION FUND 267.495
AGENTE:NORTHERN TRUST -LO/THE HENRY SMITH CHARITY 429.925
AGENTE:NORTHERN TRUST -LO/FIFE COUNCIL PENSION FUND 681.370
AGENTE:NORTHERN TRUST -LO/LONDON BOROUGH HILLINGDON SUPER FD 159.195
AGENTE:NORTHERN TRUST -LO/NORTHUMBERLAND COUNTY COUNCIL FUND 84.585
AGENTE:NORTHERN TRUST -LO/STICHTING PENSIOENFONDS SAGITTARIUS 583.121
AGENTE:NORTHERN TRUST -LO/FIREMANS ANNUITY AND BENEFITS FUND O 152.699
AGENTE:NORTHERN TRUST -LO/FUNDO DE PENSOES 293.961
AGENTE:NORTHERN TRUST -LO/NORTHAMPTONSHIRE COUNTY COUNCIL PENSION FUND 368.730
TD INTERNATIONAL INDEX FUND 249.688
AGENTE:STATE STREET BANK AND TRUST COMPANY/HONG KONG HOUSING SOCIETY 385.304
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMERICAN HEART ASSOCIATION 167.454
AGENTE:STATE STREET BANK AND TRUST COMPANY/MANAGED PENSION FUNDS LIMITED 19.844.991
AGENTE:STATE STREET BANK AND TRUST COMPANY/STICHTING PHILIPS PENSIOENFONDS 2.291.390
AGENTE:STATE STREET BANK AND TRUST COMPANY/OHIO POLICE AND FIRE PENSION FUND 4.460.171
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA ITALY INDEX FUND 2.214.179
AGENTE:STATE STREET BANK AND TRUST COMPANY/TEACHER RETIREMENT SYSTEM OF TEXAS 498.039
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE STREET EUROPE ENHANCED 1.359.486
AGENTE:BNP PARIBAS 2S-PARIS/VRP 2 571.143
AGENTE:BNP PARIBAS 2S-PARIS/FCPE TOTAL 5000 880.456
AGENTE:BNP PARIBAS 2S-PARIS/ACTIONS SELECTIONNEES SICAV 23.852
AGENTE:BNP PARIBAS 2S-PARIS/SICAV AXA EUROPE ACTIONS 1.977.777
ABP ACTIONS 20.523.328
AGENTE:STATE STREET BANK AND TRUST COMPANY/PENSION FUND ASSOCIATION FOR LOCAL 786.692
GOVERNMENT OFFICIALS
AGENTE:JP MORGAN BANK IRELA/STRATEGIC INVESTMENT SERVICE 89.610
AGENTE:RBC DEXIA INVESTOR S/DEXIA EQUITIES L 1.636.786
AGENTE:JP MORGAN CHASE BANK/DALLAS POLICE AND FIRE PENSION SYSTEM 242.160
AGENTE:RBC DEXIA INVESTOR S/EAFE EQUITY INDEX FUND 311.856
AGENTE:STATE STREET BANK AND TRUST COMPANY/CONNECTICUT GENERAL LIFE INSURANCE 134.023
COMPANY
AGENTE:JP MORGAN CHASE BANK/CHURCH COMMISSIONERS FOR ENGLAND 407.850
AGENTE:RBC DEXIA INVESTOR S/CANADA LIFE LIMITED 1.136.292
AGENTE:JP MORGAN CHASE BANK/VANGUARD INTERNATIONAL SHARE INDEX FUND 4.110.717
AGENTE:NORTHERN TRUST -LO/SURREY COUNTY COUNCIL PENSION FUND 222.916
AGENTE:BNP PARIBAS 2S-PARIS/WITAN INVESTMENT TRUST PLC 446.126
BELL ATLANTIC MASTER TRUST 880.516
AGENTE:NORTHERN TRUST -LO/MONSANTO COMPANY MASTER TRUST 282.301
AGENTE:NORTHERN TRUST -LO/AVI CHAI FOUNDATION 51.300
RICHIEDENTE:CBNY S/A AGF GLOBAL VALUE FUND/AGF INTERNATIONAL VALUE FUND 4.310.768
AGENTE:STATE STREET BANK AND TRUST COMPANY/MARKS AND SPENCER PENSION SCHEME 127.131
AGENTE:JP MORGAN CHASE BANK/TEACHERS RETIREMENT SYSTEM OF OKLAHOMA 912.290
AGENTE:NORTHERN TRUST -LO/HIGHLAND COUNCIL PENSION FUND 876.950
AGENTE:NORTHERN TRUST -LO/PEPSICO MASTER RETIREMENT TRUST 857.851
AGENTE:NORTHERN TRUST -LO/HK MONETARY AUTHORITY 7.607.761
AGENTE:JP MORGAN CHASE BANK/SBC MASTER PENSION TRUST 3.789.380
AGENTE:NORTHERN TRUST -LO/NAV CANADA PENSION PLAN 435.500
AGENTE:NORTHERN TRUST -LO/INOVA HEALTH SYSTEM FOUNDATION 650.645
ALLSTATE INSURANCE COMPANY 1.285.290
AGENTE:STATE STREET BANK AND TRUST COMPANY/ONTARIO TEACHERS PENSION PLAN BOARD 3.130.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/ASIAN DEVELOPMENT BANK 165.681
AGENTE:STATE STREET BANK AND TRUST COMPANY/CAPITAL INTERNATIONAL - INTERNATIONAL 94.750
EQUITY
pag. 3

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
AGENTE:STATE STREET BANK AND TRUST COMPANY/HIRTLE CALLAGHAN TRUST INTERNATIONAL 2.756.250
EQUITY PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE REGENTS OF THE UNIVERSITY OF 10.771.932
CALIFORNIA
AGENTE:STATE STREET BANK AND TRUST COMPANY/ARIZONA STATE RETIREMENT SYSTEM 91.177
AGENTE:NORTHERN TRUST -LO/STICHTING INSTITUUT GAK 85.325
PEARSON GROUP PENSION PLAN 121.977
AGENTE:NORTHERN TRUST -LO/CROW PUBLIC SECURITIES LP 59.835
AGENTE:NORTHERN TRUST -LO/ACCIDENT COMPENSATION CORPORATION 249.108
AGENTE:NORTHERN TRUST -LO/STATE UNIVERSITIES RETIREMENT SYSTEM 441.195
AGENTE:NORTHERN TRUST -LO/ELI LILLY RETIREMENT PLAN MASTER 445.474
AGENTE:NORTHERN TRUST -LO/PUBLIC SCHOOL TEACHERS PNS & RET.FND 57.971
AGENTE:STATE STREET BANK AND TRUST COMPANY/IAM NATIONAL PENSION FUND 465.167
AGENTE:NORTHERN TRUST -LO/AMERICAN HONDA MOTOR CO RETIREMENT 536.390
AGENTE:NORTHERN TRUST -LO/PHELPS DODGE CORPORATION RETIRE.PLAN 286.920
DT INTERNATIONAL STOCK INDEX FUND 1.515.960
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE J PAUL GETTY TRUST 414.221
AGENTE:BNP PARIBAS 2S-PARIS/FCP FEDERIS EUROPE ACTIONS 677.000
AGENTE:BNP PARIBAS 2S-PARIS/AIM CRISTAL FCP 48.702
AGENTE:RBC DEXIA INVESTOR S/GPB/G-RBC CONTINENTAL EUROPEAN 129.036
AGENTE:BROWN BROTHERS HARR/SDA INTERNATIONAL EQUITY INDEX FUND 226.936
AGENTE:NORTHERN TRUST -LO/LEGAL&GENERAL EUROPEAN INDEX TRUST 10.591.357
AGENTE:NORTHERN TRUST -LO/NORTHERN TRUST UNIT TRUST 3.032.777
AGENTE:NORTHERN TRUST -LO/HONG KONG SPECIAL ADMIN EXCHANGE FD 1.841.727
AGENTE:BNP PARIBAS 2S-PARIS/AXA IM COUPOLE 162.644
AGENTE:NORTHERN TRUST -LO/NORTHERN TRUST QUANTITATIVE FUND PLC 633.466
AGENTE:BNP PARIBAS 2S-PARIS/FCP FEDERIS IRC ACTIONS 916.619
AGENTE:BNP PARIBAS 2S-PARIS/FCP FCE PLACT EURO BIS 3.977.498
AGENTE:BNP PARIBAS 2S-PARIS/FCP FCE INVEST EURO 2.996.831
AGENTE:NORTHERN TRUST -LO/HSBC MM INTL VAUE EQUITY FUND 173.400
AGENTE:RBC DEXIA INVESTOR S/UNIVERSE THE CMI GLOBAL NETWORK FUND 7.772.316
AGENTE:RBC DEXIA INVESTOR S/BRITISH COLUMBIA INV.MAN.CORPORATION 11.672.283
AGENTE:BROWN BROTHERS HA-LU/WELLINGTON MANAGEMENT PORTFOLIOS 23.498
AGENTE:BNP PARIBAS 2S-PARIS/FCP COEFFICIENCE 560.067
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE TEACHERS RETIREMENT SYSTEM OF OHIO 10.725.730
UNISUPER 1.072.979
AGENTE:STATE STREET BANK AND TRUST COMPANY/MERSEYSIDE PENSION FUND 2.284.665
CENTRICA COMBINED COMMON INVESTMENT FUND 1.043.020
AGENTE:STATE STREET BANK AND TRUST COMPANY/SCOTTISH WIDOWS PLC 8.921.742
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHNSON & JOHNSON UK GROUP RETIREMENT 133.454
PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/NOTTINGHAMSHIRE COUNTY COUNCIL PENSION 888.181
FUND
AGENTE:BNP PARIBAS 2S-PARIS/FCP BNP PARIBAS INDICE EURO 1.758.457
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE STREET SRI WORLD INDEX 250.292
AGENTE:STATE STREET BANK AND TRUST COMPANY/BECHTEL TRUST AND THRIFT PLAN BECON TRUST 948.790
AND THRIFT PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/BAE MASTER PENSION INVESTMENT TRUST 2.067.603
AGENTE:BNP PARIBAS 2S-PARIS/FCP PRADO VAUBAN DIVERSIFIE 102.774
AGENTE:JP MORGAN CHASE BANK/EUROPACIFIC GROWTH FUND 68.427.598
AGENTE:RBC DEXIA INVESTOR S/SPRUCEGROVE INTL POOLED FUND 15.192.505
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK TRUST INTERNATIONAL EQUITY 300.357
INDEX TRUST B
AGENTE:STATE STREET BANK AND TRUST COMPANY/CITY OF SAN JOSE POLICE & FIRE DEPARTMENT 238.930
RETIREMENT PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/LONZA AMERICA INC MASTER RETIREMENT 47.955
TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/HEALTHCARE FOUNDATION OF NEW JERSEY (THE) 52.077
AGENTE:NORTHERN TRUST -LO/CADBURY SCHWEPPES PLC PENSION TRUST LTD 180.628
AGENTE:STATE STREET BANK AND TRUST COMPANY/DGAM EAFE EQUITY FUND L.P. 231.100
AGENTE:STATE STREET BANK AND TRUST COMPANY/MD INTERNATIONAL VALUE FUND 621.937
UNISYS MASTER TRUST 846.716
AGENTE:JP MORGAN BANK LUXEM/CAPITAL INTERNATIONAL FUND 175.863
CITY OF NEW YORK GROUP TRUST 7.066.518
AGENTE:NORTHERN TRUST -LO/BELLSOUTH CORP EXECUTIVE BENEFIT 99.300
AGENTE:NORTHERN TRUST -LO/CHURCH OF ENGLAND INV FD FOR PENSION 506.098
AGENTE:NORTHERN TRUST -LO/NORTHERN INTL EQUITY INDEX FUND 1.933.258
AGENTE:NORTHERN TRUST -LO/A I DUPONT TESTAMENTARY TRUST 511.990
AGENTE:NORTHERN TRUST -LO/MEADWESTACO CORP MASTER RETIREMENT 487.948
AGENTE:NORTHERN TRUST -LO/ASPEN FAMILY PARTNERSHIP L.P. 8.800
CF INTERNATIONAL STOCK INDEX FUND 875.124
AGENTE:BROWN BROTHERS HARR/VANGUARD EUROPEAN STOCK INDEX FUND 14.626.041
AGENTE:BROWN BROTHERS HARR/VANGUARD TAX-MANAGED INTERNATIONAL FUND 9.891.783
AGENTE:RBC DEXIA INVESTOR S/EMPIRE LIFE INSURANCE COMPANY 514.700
pag. 4

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE HEALTH FOUNDATION 461.569
AGENTE:STATE STREET BANK AND TRUST COMPANY/UNIVERSAL INVESTMENT FUNDS 440.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/ELFUN INTERNATIONAL EQUITY FUND 1.838.869
AGENTE:BNP PARIBAS 2S-PARIS/FCP FEDERIS EURO ACTIONS 2.270.000
AGENTE:BNP PARIBAS 2S-PARIS/FCP FEDERIS ACT QUATREM 650.000
AGENTE:BNP PARIBAS 2S-PARIS/FCPE FDS DIVERSIF.TEL 1 45.553
SAN DIEGO MUSEUM OF ART 5.900
BUENA VISTA UNIVERSITY 79.055
AGENTE:JP MORGAN CHASE BANK/TEMPLETON INTERNATIONAL FOREIGN FUND 3.085.157
AGENTE:JP MORGAN CHASE BANK/TEMPLETON GLOBAL GROWTH FUND LIMITED 670.200
AGENTE:JP MORGAN CHASE BANK/TEMPLETON GLOBAL EQUITY TRUST 3.887.135
AGENTE:JP MORGAN CHASE BANK/BISSETT INTERNATIONAL EQUITY FUND 1.311.675
AGENTE:JP MORGAN CHASE BANK/TEMPLETON INTERNATIONAL EQUITY TRUST 1.550.761
AGENTE:JP MORGAN CHASE BANK/TEMPLETON EUROPE FUND 137.997
AGENTE:JP MORGAN CHASE BANK/TEMPLETON FOREIGN FUND 29.144.840
AGENTE:JP MORGAN CHASE BANK/TEMPLETON GROWTH FUND INC. 47.185.391
MINISTRY OF DEFENCE PENSION FUND 172.361
AGENTE:HSBC BANK PLC/NUCLEAR LIABILITIES FUND LIMITED 470.364
RICHIEDENTE:CBHK S/A CBOSC OSF WGSS02/COMMONWEALTH BANK OFFICERS SUPERANNUATION 258.122
CORPORATION PTY LTD
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK FUNDS II INTERNATIONAL 388.959
EQUITY INDEX FUND
WESTON FOODS INC. MASTER TRUST FUND 75.479
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE OF MINNESOTA 686.971
AGENTE:BQUE FEDERATIVE-STR/SOCIAL ACTIVE ACTIONS 48.291
AGENTE:BQUE FEDERATIVE-STR/FCP SCORE GALIEN 35.489
AGENTE:BQUE FEDERATIVE-STR/FCP GESTION PLACEMENT 1 24.569
AGENTE:BQUE FEDERATIVE-STR/SOCIAL ACTIVE DIVERSIFIE 16.573
AGENTE:BQUE FEDERATIVE-STR/CM VALEURS ETHIQUES 139.887
AGENTE:BQUE FEDERATIVE-STR/FCP GUTENBERG 21.151
AGENTE:BQUE FEDERATIVE-STR/FCP SCORE BON SECOURS 25.300
AGENTE:BQUE FEDERATIVE-STR/FCP UNI 1 149.571
AGENTE:NORTHERN TRUST -LO/COCA-COLA MASTER RETIREMENT TRUST 393.418
MASTHOLM INTERNATIONAL EQUITY TRUST 1.278.500
AGENTE:NORTHERN TRUST -LO/RELIANT ENERGY INC. MASTER RETIREMENT TST. 274.953
AGENTE:RBC DEXIA INVESTOR S/MANULIFE INTERNATIONAL EQUITY FUND 315.226
AGENTE:STATE STREET BANK AND TRUST COMPANY/SONOMA COUNTY EMPLOYEES RETIREMENT 507.323
ASSOCIATION
AGENTE:STATE STREET BANK AND TRUST COMPANY/CUMBRIA LOCAL GOVERNMENT PENSION SCHEME 693.350
AGENTE:STATE STREET BANK AND TRUST COMPANY/LONDON BOROUGH OF TOWER HAMLETS 787.081
PENSION FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE WEIR GROUP PENSION AND RETIREMENT 379.827
SAVINGS SCHEME
AGENTE:STATE STREET BANK AND TRUST COMPANY/XEROX CANADA EMPLOYEES RETIREMENT PLAN 72.900
RICHIEDENTE:CBLDN S/A PFMT/STICHTING PENSIOENFONDS METAAL EN TECHNIEK 1.923.286
AGENTE:JP MORGAN CHASE BANK/SPRUCEGROVE GROUP TRUST 5.504.601
RICHIEDENTE:CBHK S/A CITITST LTD TMP MPF EEF/CITITRUST LTD 415.935
TEMPLETON GLOBAL INCOME FUND 320.519
CAAM INDEX EUROPE 635.684
AGENTE:HSBC BANK PLC/HSBC EUROPEAN INDEX FUND 826.684
AGENTE:JP MORGAN CHASE BANK/THE SPRUCEGROVE DELAWARE TRUST 933.986
AGENTE:JP MORGAN CHASE BANK/TEMPLETON GLOBAL OPPORTUNITIES TRUST 2.709.888
AGENTE:JP MORGAN CHASE BANK/MUNICIPAL GRATUITY FUND 47.423
AGENTE:JP MORGAN CHASE BANK/DENVER EMPLOYEES RETIREMENT PLAN 267.228
AGENTE:STATE STREET BANK AND TRUST COMPANY/MD EQUITY FUND 1.092.240
AGENTE:BQUE FEDERATIVE-STR/AREGE 122.000
AGENTE:BQUE FEDERATIVE-STR/SCORE SAINT NICOLAS 43.350
AGENTE:BQUE FEDERATIVE-STR/ARPEGE PREVOYANCE 278.000
THE DEARBORN PARTNERS GROUP TRUST 279.202
AGENTE:BQUE FEDERATIVE-STR/FCP CAPSUGEL 21.753
AGENTE:BQUE FEDERATIVE-STR/FCP NORDON INDUSTRIES 12.075
AGENTE:STATE STREET BANK AND TRUST COMPANY/IBM SAVINGS PLAN 2.215.354
AGENTE:STATE STREET BANK AND TRUST COMPANY/SCOTTISH WIDOWS UNIT FUNDS LIMITED 3.089.240
AGENTE:NORTHERN TRUST -LO/NORTHERN TRUST MANAGED FUNDS 908.674
AGENTE:NORTHERN TRUST -LO/THE NUFIELD FOUNDATION 26.471
AGENTE:NORTHERN TRUST -LO/BLUE CROSS & SHIELD ASS RET BEN TST 176.672
AGENTE:NORTHERN TRUST -LO/NATIONAL RAILROAD INVESTMENT TRUST 47.798
AGENTE:NORTHERN TRUST -LO/HENRY J KAISER FAMILY FOUNDATION 16.310
AGENTE:NORTHERN TRUST -LO/TEXAS MUTUAL INSURANCE COMPANY 1.193.311
AGENTE:NORTHERN TRUST -LO/FORD OF CANADA MASTER TRUST FUND 330.418
AGENTE:NORTHERN TRUST -LO/MONDRIAN GLOBAL EQUITY FUND L.P. 505.011
DELAWARE INTERNATIONAL EQUITY FUND 217.346
AGENTE:NORTHERN TRUST -LO/DMC INSURANCE CO LTD 31.041
AGENTE:NORTHERN TR GLB SERV/STICHTING PENSIOENFONDS CAMPINA 447.793
pag. 5

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
AGENTE:NORTHERN TRUST -LO/BRADLEY JR. TRUSTS MASTER INVESTMENT 279.826
AGENTE:NORTHERN TRUST -LO/JANE BRADLEY UIHLEIN INVESTMENT LLP 526.537
AGENTE:BNP PARIBAS 2S-PARIS/LABEL EUROPE ACTIONS FCP 307.000
AGENTE:LOMBARD ODIER DAR.&C/LOMBARD ODIER DARIER HFM SA INSTITUTIONNEL-3D 548.183
AGENTE:NORTHERN TRUST -LO/WORLD HEALTH ORGANISATION 432.136
AGENTE:NORTHERN TR GLB SERV/FJARDE AP-FONDEN 1.800.511
AGENTE:BROWN BROTHERS HARR/VANGUARD INTERNATIONAL VALUE FUND 10.163.750
RICHIEDENTE:CBNY S/A AGF WORLD BALANCED FUND/AGF WORLD BALANCED FUND 969.000
IMPERIAL OVERSEAS EQUITY POOL 103.200
CIBC PENSION PLAN 542.700
DUQUESNE LIGHT COMPANY MASTER TRUST 285.552
AGENTE:NORTHERN TRUST -LO/BRANDES INVEST PARTNERS LP 401K 12.984
AGENTE:NORTHERN TRUST -LO/THE CLESS CAPITAL TRUST 3.476
AGENTE:NORTHERN TRUST -LO/CARLETON UNIVERSITY RETIREMENT FUND 329.500
AGENTE:NORTHERN TRUST -LO/WILLIAM DOHENY GRANDCHILDERN TRUST 8.702
AGENTE:NORTHERN TRUST -LO/ILLINOIS CONSOLIDATED TELEPHONE TST 19.808
AGENTE:NORTHERN TRUST -LO/JEWISH COMMUNITY FED SAN FRANCISCO 15.870
AGENTE:NORTHERN TRUST -LO/THE JENNIFER U.CLESS CHILDS TRUST 4.830
AGENTE:NORTHERN TRUST -LO/THE MARTIN CLESS CHILD UAD 4/23/90 4.499
AGENTE:NORTHERN TRUST -LO/ML LAWRENCE TRUST 7.600
AGENTE:NORTHERN TRUST -LO/PEOPLES ENERGY RETIREMENT PLAN 134.100
AGENTE:NORTHERN TRUST -LO/NICKEL 2005 TRUST NO.1 118.754
AGENTE:NORTHERN TRUST -LO/EMERSON ELECTRIC CO. MASTER RETIREM. 408.150
AGENTE:NORTHERN TRUST -LO/ITT INDUSTRIES MASTER RETIR.TST 142.015
AGENTE:NORTHERN TRUST -LO/QM COMMON DAILY WORLD INDEX FUND 470.646
AGENTE:NORTHERN TRUST -LO/BLUE SKY GROUP 5.137.397
AGENTE:NORTHERN TRUST -LO/MICROSOFT GLOBAL FINANCE LIMITED 610.933
AGENTE:NORTHERN TRUST -LO/BRANDES INL`T EQUITY FUND 61.099
AGENTE:NORTHERN TRUST -LO/PERSONALVORSO DER PFIZER AG 42.530
AGENTE:NORTHERN TRUST -LO/ATD FAMILY LTD PARTNERSHIP DTD 1.860
AGENTE:NORTHERN TRUST -LO/AXIOM GLOBAL EQUITY TRUST 2.421.735
AGENTE:NORTHERN TRUST -LO/FOURTH AVENUE INVESTMENT COMPANY 169.524
AGENTE:NORTHERN TRUST -LO/LCL FAMILY LIMITED PARTNERSHIP 1.288
AGENTE:NORTHERN TRUST -LO/SANFORD BERNSTEIN DELAWARE BUSINESS 7.279.435
AGENTE:NORTHERN TRUST -LO/SANFORD C BERNSTEIN & CO DELAWARE TS 528.720
AGENTE:NORTHERN TRUST -LO/SENTINEL INTERNATIONAL FUND 15.581
AGENTE:NORTHERN TRUST -LO/THOMPSON & MURFF 21.347
AGENTE:NORTHERN TRUST -LO/WHD FAMILY LIMITED PARTNERSHIP 8.193
AGENTE:STATE STREET BANK AND TRUST COMPANY/MML FOREIGN FUND 1.062.833
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE UCI FOUNDATION 16.656
AGENTE:STATE STREET BANK AND TRUST COMPANY/UNITED UTILITIES PENSION SCHEME 328.151
RICHIEDENTE:CITIBANK NA HONG KONG SA NPS DM-EQ MSCI WDM/NATIONAL PENSION SERVICE 4.751.066
AGENTE:STATE STREET BANK AND TRUST COMPANY/AXA ROSENBERG EQUITY ALPHA TRUST 120.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/REED ELSEVIER US RETIREMENT PLAN 139.916
PRINCIPAL GLOBAL INVESTORS FUNDS 313.422
AGENTE:STATE STREET BANK AND TRUST COMPANY/WESTPAC STAFF SUPERANNUATION PLAN 101.013
AGENTE:STATE STREET BANK AND TRUST COMPANY/WESTPAC INTERNATIONAL SHARE INDEX TRUST 930.991
AGENTE:STATE STREET BANK AND TRUST COMPANY/UNIVERSITY OF TORONTO MASTER TRUST 226.600
AGENTE:BNP PARIBAS 2S-PARIS/CARDIF ASSURANCE VIE 5.000.000
AGENTE:BNP PARIBAS 2S-PARIS/FCPE BMS ACTIONS 114.265
AGENTE:BNP PARIBAS 2S-PARIS/FCPE KONE INVESTISSEMENT 86.334
AGENTE:BNP PARIBAS 2S-PARIS/FEDERIS EPARGNE EQUILIBREE 222.365
AGENTE:BNP PARIBAS 2S-PARIS/FCPE SAUR EPARGNE 193.298
AGENTE:BNP PARIBAS 2S-PARIS/CMD AGIRC DIV 3 1.600.000
AGENTE:BNP PARIBAS 2S-PARIS/FCP CNP ACTIONS EM 557.997
AGENTE:BNP PARIBAS 2S-PARIS/FCP AXA EURO VAL.RESP. 1.769.500
AGENTE:BPSS -FRANKFURT/INVESCO ZVEI FONDS 175.153
EQUIPSUPER 636.541
VALERO ENERGY CORPORATION PENSION PLAN 84.711
EMERGENCY SERVICES SUPERANNUATION SCHEME 516.600
MANAGERS INTERNATIONAL EQUITY FUND 215.275
SBSA AS TRUSTEE FOR SANLAM GLOBAL TRUST 181.900
AGENTE:JP MORGAN CHASE BANK/QANTAS SUPERANNUATION PLAN 180.545
ING TEMPLETON FOREIGN EQUITY PORTFOLIO 2.723.178
ROCKFORD HEALTH SYSTEM PENSION PLAN 6.739
ROCKFORD HEALTH SYSTEM MASTER TRUST 41.372
AGENTE:JP MORGAN CHASE BANK/RBS INVESTMENT FUNDS ICVC BALANCED FUND 161.541
AGENTE:NORTHERN TRUST -LO/WANDSWORTH BOROUGH COUNCIL PENSION FUND 579.652
PREVIPOSTE 1.377.969
STICHTING BEDRIJFSTAKPENSIOENFONDS VOOR DE MEDIA PNO 301.100
STICHTING PENSIOENFONDS ELSEVIER 56.005
AGENTE:JP MORGAN CHASE BANK/BAYLOR COLLEGE OF MEDICINE 38.182
AGENTE:JP MORGAN CHASE BANK/NATIONWIDE INTERNATIONAL INDEX FUND 1.967.249
AGENTE:JP MORGAN CHASE BANK/STICHTING PENSIOENFONDS MEDISCHE SPECIALISTEN 239.097
pag. 6

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
AGENTE:JP MORGAN CHASE BANK/JPMORGAN INTERNATIONAL EQUITY INDEX FUND 2.176.583
PREPAR CROISSANCE 222.439
AGENTE:NORTHERN TRUST -LO/NEW ZEALAND SUPERANNUATION FUND 500.854
CAAM DYNALION EUROPE (CA) - L025 387.434
RICHIEDENTE:CBNY S/A RBC PRIVATE COUNSEL/RBS AS DEP OF FIRST STATE INVESTMENTS ICVC 26.845
AGENTE:JP MORGAN CHASE BANK/TEMPLETON GROWTH FUND II LIMITED 78.044
AGENTE:JP MORGAN BANK LUXEM/JPMORGAN LIFE LIMITED 312.839
AGENTE:JP MORGAN CHASE BANK/JPMORGAN INSURANCE TRUST INTERNATIONAL EQUITY PORTFOLIO 63.199
RICHIEDENTE:CBNY S/A AGF EURO EQUITY FUND/AGF FUNDS INC 229.800
STATE OF WISCONSIN INVESTMENT BOARD 1.945.701
IPROFILE INTERNATIONAL EQUITY POOL 81.703
AGENTE:BQUE FEDERATIVE-STR/FCP HOWMET DIVERSIFIE 4.350
AGENTE:BQUE FEDERATIVE-STR/1495 FCP CONTINENTAL 11.800
AGENTE:RBC DEXIA INVESTOR S/GENERAL MOTORS CANADA FOREIGN TRUST 337.980
AGENTE:RBC DEXIA INVESTOR S/CITY OF WINNIPEG CIV EMPL PENS PLAN 785.799
AGENTE:RBC DEXIA INVESTOR S/RBC CANADIAN MASTER TRUST 322.999
AGENTE:RBC DEXIA INVESTOR S/THE PROV TREAS OF P PRINCE EDW ISL 376.489
AGENTE:RBC DEXIA INVESTOR S/MAPLE BROWN ABBOTT INTL EQUITY TRUST 123.662
AGENTE:BQUE FEDERATIVE-STR/FREESCALE DYNAMIQUE 19.375
AGENTE:BNP PARIBAS 2S-PARIS/FCP AG2R EURO ACTIONES 5.850.003
AGENTE:BP2S LUXEMBOURG/PARVEST 24.050.970
AGENTE:BNP PARIBAS 2S-PARIS/FCP AXA EUROPE DU SUD 463.228
AGENTE:NORTHERN TRUST -LO/THE NEW YORK TIMES CO. PENSION TRUST 136.417
AGENTE:BROWN BROTHERS HARR/GMO FUNDS PLC 529.220
AGENTE:NORTHERN TRUST -LO/RABBI TST FOR LADD FURNITURE INC 3.815
AGENTE:BNP PARIBAS 2S-PARIS/FCP GUENEGAUD REVENUS 67.987
AGENTE:BNP PARIBAS 2S-PARIS/FCPE DIVERSIMONDE 48.565
AGENTE:NORTHERN TRUST -LO/UNITED NATIONS RELIEF AND WORKS FOR PALESTINIAN REFUGEES IN 57.936
THE NEAR EAST
AGENTE:NORTHERN TRUST -LO/FULTON INVESTMENT TRUST 229.100
AGENTE:NORTHERN TRUST -LO/FORD MOTOR COMPANY DEFINED BENEFIT 744.595
AGENTE:NORTHERN TRUST -LO/LOCKHEED MARTIN CORP MASTER TRUST 1.924.964
AGENTE:NORTHERN TRUST -LO/REFORM PENSION ROAD 47.614
AGENTE:NORTHERN TRUST -LO/SAN FRANCISCO CITY & COUN.RET.SYSTEM 1.230.163
AGENTE:NORTHERN TRUST -LO/INTL TRUCK ENGINE CORP RETIREMENT 348.632
AGENTE:NORTHERN TRUST -LO/CUMMINS ENGINE CO & AFFILIATES COLLECTIVE INVESTMENT TRUST 140.682
AGENTE:NORTHERN TRUST -LO/HONEYWELL INT INC MASTER RETIR TRUST 1.055.163
AGENTE:NORTHERN TRUST -LO/POLICEMANS ANNUITY & BENEFIT F.OF CH 289.586
AGENTE:NORTHERN TRUST -LO/DELAWARE PUBLIC EMPLOYEES` RETIREMEN 975.100
AGENTE:NORTHERN TRUST -LO/LA-Z-BOY INC MASTER RETIRE SAVING 45.546
AGENTE:BP2S SINGAPORE/OPTIMIX WHOLESALE GLOBAL SHARE TRUST 257.662
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE JOHNS HOPKINS UNIVERSITY 304.761
AGENTE:STATE STREET BANK AND TRUST COMPANY/CELANESE AMERICAS RETIREMENT PENSION 471.009
PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/P.H. GLATFELTER COMPANY MASTER 61.688
RETIREMENT TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/HARBOR CAPITAL GROUP TRUST FOR DEFINED 259.390
BENEFIT PLANS
AGENTE:STATE STREET BANK AND TRUST COMPANY/ARKWRIGHT, LLC 59.123
AGENTE:STATE STREET BANK AND TRUST COMPANY/ROBERT L MCNEIL COMPLEX TRUST 113.556
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE CIVIL SERVICE SUPERANNUATION FUND 168.105
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE MOTOROLA PENSION SCHEME 336.342
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK TRUST INTERNATIONAL CORE 829.585
TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK TRUST INTERNATIONAL EQUITY 284.712
INDEX TRUST A
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK TRUST GLOBAL TRUST 1.931.787
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK FUNDS III INTERNATIONAL CORE 1.756.898
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK FUNDS II INTERNATIONAL 5.999.554
VALUE FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/EQUITY INTERNATIONAL INVESTMENT TRUSTS 2.428.714
AGENTE:STATE STREET BANK AND TRUST COMPANY/BRUNSWICK UNIT 1 QUALIFIED NUCLEAR 34.297
DECOMMISSIONING FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/HARRIS UNIT 1 QUALIFIED NUCLEAR 26.044
DECOMMISSIONING FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/BRUNSWICK UNIT 2 QUALIFIED NUCLEAR 35.323
DECOMMISSIONING FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/ROBINSON UNIT 2 QUALIFIED NUCLEAR 47.475
DECOMMISSIONING FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/SAN DIEGO CITY EMPLOYEES` RETIREMENT 385.760
SYSTEM
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMERICAN BEACON INTERNATIONAL EQUITY 1.477.593
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/CANADIAN BROADCASTING CORPORATION 758.390
pag. 7

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
PENSION PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/GENERAL ELECTRIC INSURANCE PLAN TRUST 906.497
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALAMEDA COUNTY EMPLOYEES` RETIREMENT 1.570.059
ASSOCIATION
AGENTE:STATE STREET BANK AND TRUST COMPANY/MITCHELLS AND BUTLERS CIF LIMITED 300.175
AGENTE:STATE STREET BANK AND TRUST COMPANY/INSURANCE CORPORATION OF BRITISH 345.989
COLUMBIA
AGENTE:JP MORGAN CHASE BANK/AMONIS NV 234.059
AGENTE:STATE STREET BANK AND TRUST COMPANY/SPDR MSCI ACWI EX-US ETF 160.575
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHNSON & JOHNSON PENSION & SAVINGS PLANS 1.496.493
MASTER TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/SUNAMERICA SERIES TRUST FOREIGN VALUE 2.842.964
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/SEASONS SERIES TRUST INTERNATIONAL EQUITY 459.070
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/CONSOLIDATED EDISON RETIREMENT PLAN 1.410.559
AGENTE:STATE STREET BANK AND TRUST COMPANY/MONTANA BOARD OF INVESTMENTS 416.895
AGENTE:STATE STREET BANK AND TRUST COMPANY/JANUS ADVISER INTERNATIONAL EQUITY FUND 814.063
AGENTE:STATE STREET BANK AND TRUST COMPANY/TAM INTERNATIONAL EQUITY TRUST 132.037
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA INTERNATIONAL EQUITIES INDEX TRUST 242.148
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA WEALTH WEIGHTED GLOBAL EQUITIES 145.699
INDEX TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/OMERS ADMINISTRATION CORPORATION 530.259
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA MSCI EAFE INDEX FUND 378.954
AGENTE:STATE STREET BANK AND TRUST COMPANY/STREETTRACKS MSCI EUROPE ETF 941.578
AGENTE:STATE STREET BANK AND TRUST COMPANY/BAERUM KOMMUNE 110.168
AGENTE:STATE STREET BANK AND TRUST COMPANY/AARGAUISCHE PENSIONSKASSE 295.597
BELLSOUTH CORPORATION RFA VEBA TRUST 297.139
AGENTE:STATE STREET BANK AND TRUST COMPANY/UNIVERSITY OF MANCHESTER 293.802
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE STREET TRUSTEES LIMITED ATF SWIP 1.284.690
CAPITAL TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/PRUDENTIAL RETIREMENT INSURANCE & 583.541
ANNUITY COMPANY
AGENTE:STATE STREET BANK AND TRUST COMPANY/HAMILTON HEALTHCARE SYSTEM INC 130.397
AGENTE:STATE STREET BANK AND TRUST COMPANY/GE INVESTMENT INTERNATIONAL FUND 1.331.888
AGENTE:STATE STREET BANK AND TRUST COMPANY/GE INSTITUTIONAL FUNDS-INTERNATIONAL 17.217.141
EQUITY FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/GE INSTITUTIONAL FUNDS-STRATEGIC 875.195
INVESTMENT FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/GE INVESTMENTS FUNDS, INC. - INTERNATIONAL 86.001
EQUITY FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/GE INVESTMENTS FUNDS, INC. - TOTAL RETURN 3.687.568
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/GLOBAL ADVANTAGE FUNDS - MAJOR MARKETS 3.124.943
TEILFONDS
AGENTE:JP MORGAN CHASE BANK/NATIONAL WESTMINSTER LIFE ASSURANCE LTD 305.721
SEMPRA ENERGY PENSION MASTER TRUST 465.818
IG TEMPLETON INTERNATIONAL EQUITY FD 833.119
AGENTE:RBC DEXIA INVESTOR S/LONDON LIFE INSURANCE COMPANY 546.772
AGENTE:BNP PARIBAS 2S-PARIS/MONT JOIE INVESTISSEMENTS 46.622
AGENTE:NORTHERN TRUST -LO/THE TAYSIDE SUPERANNUATION FUND 1.524.210
AGENTE:NORTHERN TRUST -LO/WHEELS COMMON INVESTMENT FUND 152.705
AGENTE:NORTHERN TRUST -LO/POTOMAC ELECTRIC POWER COMPANY 606.768
AGENTE:NORTHERN TRUST -LO/SANDIA CORPORATION PENSIONS PLANS 163.036
AGENTE:NORTHERN TRUST -LO/VOLVO PERSONVAGNARS PENSIONSSTIFTELS 38.290
AGENTE:JP MORGAN CHASE BANK/H.E.S.T. AUSTRALIA LIMITED 2.039.347
RICHIEDENTE:CBNY S/A AGF ALL WORLD TAX ADV GR/ALL WORLD TAX ADVANTAGE GROUP LIMITED 10.342.386
RICHIEDENTE:CBNY S/A AGF ALL WORLD TAX ADV GR/AGF ALL WORLD TAX ADVANTAGE GROUP 9.639.000
LIMITED
METROPOLE BO EUROPE 600.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK TRUST INTERNATIONAL VALUE 4.969.690
TRUST
AGENTE:JP MORGAN CHASE BANK/BOTSWANA INSURANCE FUND MANAGEMENT LIMITED 599.250
AGENTE:RBC DEXIA INVESTOR S/AIC GLOBAL FINANCIAL SPLIT CORP 55.000
AGENTE:RBC DEXIA INVESTOR S/GLOBAL BANKS PREMIUM INCOME TRUST 100.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/REGIME DE RENTES DU MOUVEMENT DESJARDINS 1.169.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/ILLINOIS STATE BOARD OF INVESTMENT 3.072.553
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE OF CONNECTICUT RETIREMENT PLANS & 192.405
TRUST FUNDS
AGENTE:STATE STREET BANK AND TRUST COMPANY/HONG KONG HOUSING AUTHORITY 137.939
AGENTE:STATE STREET BANK AND TRUST COMPANY/CALIFORNIA PUBLIC EMPLOYEES RETIREMENT 56.300.152
SYSTEM
AGENTE:STATE STREET BANK AND TRUST COMPANY/CALIFORNIA STATE TEACHERS RETIREMENT 12.303.519
SYSTEM
AGENTE:STATE STREET BANK AND TRUST COMPANY/BILL AND MELINDA GATES FOUNDATION TRUST 296.797
pag. 8

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
AGENTE:STATE STREET BANK AND TRUST COMPANY/GE INVESTMENT CANADA INTERNATIONAL 2.000.828
EQUITY FUND
RICHIEDENTE:CITIBANK N.A. LONDON SA MTDL SLIC II EURO ETHICAL EQ FD UL/STANDARD LIFE 45.959.804
INVESTMENT LIMITED
AGENTE:BROWN BROTHERS HARR/MORGAN GRENFELL INTERNATIONAL SELECT EQUITY FUND 2.122
ING INDEX PLUS INTERNATIONAL EQUITY FUND 87.175
ARK LIFE ASSURANCE COMPANY LIMITED 497.204
UNISYS PENSION SCHEME 92.885
ALABAMA TRUST FUND 201.795
AGENTE:JP MORGAN CHASE BANK/ITV PENSION SCHEME 386.070
AGENTE:JP MORGAN CHASE BANK/JPMORGAN DIVERSIFIED FUND 249.371
AGENTE:JP MORGAN CHASE BANK/AXA-EB 510 84.351
AGENTE:JP MORGAN CHASE BANK/LONDON BOROUGH OF SOUTHWARK PENSION FUND 178.266
AGENTE:NORTHERN TRUST -LO/BELLSOUTH ENTERPRISE EXECUTIVE PLAN 4.900
AGENTE:RBC DEXIA INVESTOR S/THE BOMBARDIER TRUST (UK) 820.550
AGENTE:NORTHERN TRUST -LO/IMASCO HOLDINGS INC 45.700
AGENTE:NORTHERN TRUST -LO/R.L PENSIONS TRUSTEES (ROI) LIMITED 103.860
AGENTE:RBC DEXIA INVESTOR S/DONALDSON BURSTON INTL SER-THS PARTN 960.120
AGENTE:NORTHERN TRUST -LO/NCR SCOTLAND PENSION PLAN 221.105
AGENTE:BNP PARIBAS 2S-PARIS/UNPMF 418.791
AGENTE:BNP PARIBAS 2S-PARIS/QUATREM ASSURANCE COLLECTIVE 180.301
AGENTE:NORTHERN TRUST -LO/NATIONAL COUNCIL FOR SOCIAL SEC FUND 271.420
AGENTE:BNP PARIBAS 2S-PARIS/FEDERIS AVENIR EURO-PE 2.544.200
AGENTE:NORTHERN TRUST -LO/FS PARAMETRIC PARTNERS 29.761
AGENTE:NORTHERN TRUST -LO/SANFORD BERNSTEIN DELAWARE TRUST 1.058.215
AGENTE:NORTHERN TRUST -LO/BERNSTEIN GLOBAL STYLE BLEND 417.525
AGENTE:NORTHERN TRUST -LO/GARD COMMON CONTRACTUAL FUND 52.071
AGENTE:STATE STREET BANK AND TRUST COMPANY/GE ASSET MANAGEMENT FUNDS PLC 2.189.718
AGENTE:STATE STREET BANK AND TRUST COMPANY/MGI FUNDS PLC 1.978.677
AGENTE:BNP PARIBAS 2S-PARIS/FCP EURO ETHIQUE INSTITUTIONS 2.300.000
AGENTE:NORTHERN TR GLB SERV/LLOYD`S SUPERANNUATION FUND 168.180
AGENTE:NORTHERN TR GLB SERV/UNIVEST 3.710.099
MINNESOTA LIFE INSURANCE COMPANY 136.154
AGENTE:STATE STREET BANK AND TRUST COMPANY/IPAC MULTI-MANAGER INVESTMENT FUND 43.470
SERIES-IPAC MULTI-MANAGERGLOABL EQUITY FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE METHODIST HOSPITAL 272.984
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMLIN BERMUDA LTD 346.959
AGENTE:STATE STREET BANK AND TRUST COMPANY/LONDON BOROUGH OF GREENWICH 630.220
SUPERANNUATION SCHEME
AGENTE:STATE STREET BANK AND TRUST COMPANY/SPDR S&P WORLD (EX-US) ETF 165.425
AGENTE:STATE STREET BANK AND TRUST COMPANY/DWS EAFE EQUITY INDEX FUND 19.333
AGENTE:STATE STREET BANK AND TRUST COMPANY/CITY OF PHILADELPHIA PUBLIC EMPLOYEES 352.048
RETIREMENT SYSTEM
AGENTE:STATE STREET BANK AND TRUST COMPANY/HOME AFFAIRS UNIFORMED SERVICES (INVEST 14.700
FUND)
AGENTE:STATE STREET BANK AND TRUST COMPANY/RUSSELL INVESTMENT COMPANY II PLC 3.202.681
AGENTE:STATE STREET BANK AND TRUST COMPANY/RUSSELL INVESTMENT COMPANY PLC 8.597.077
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN GLOBAL STYLE BLEND 45.223
EQUITIES TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/GPF (THAILAND) INVESTMENT FUND 197.170
AGENTE:STATE STREET BANK AND TRUST COMPANY/LONDON BOROUGH OF BARKING & DAGENHAM 193.320
SUPERANNUATION FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/RUSSELL INVESTMENT COMPANY 360.155
INTERNATIONAL FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/METROPOLITAN SERIES FUND MORGAN STANLEY 903.108
EAFE INDEX PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/RUSSELL INVESTMENT FUNDS NON-U.S. FUND 643.141
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMERICAN FUNDS INSURANCE SERIES 33.836.448
INTERNATIONAL FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/HALLMARK CARDS MASTER TRUST 338.048
AGENTE:STATE STREET BANK AND TRUST COMPANY/HOUSTON MUNICIPAL EMPLOYEES PENSION 156.567
SYSTEM
AGENTE:STATE STREET BANK AND TRUST COMPANY/GOVERNING COUNCIL OF THE UNIVERSITY OF 200.900
TORONTO
AGENTE:STATE STREET BANK AND TRUST COMPANY/SAN BERNARDINO COUNTY EMPLOYEES 194.985
RETIREMENT ASSOCIATION
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUBLIC EMPLOYEES RETIREMENT SYSTEM OF 5.786.918
OHIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/HARTFORD INTERNATIONAL OPPORTUNITIES HLS 636.074
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE HARTFORD INTERNATIONAL 205.315
OPPORTUNITIES FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN TAX-MANAGED WEALTH 20.280
PRESERVATION STRATEGY
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN TAX-MANAGED 70.525
pag. 9

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
BALANCED WEALTH STRATEGY
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN TAX MANAGED WEALTH 469.235
APPRECIATION STRATEGY
PYRAMIS INTERNATIONAL GROWTH TRUST 845.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/METROPOLITAN LIFE INSURANCE COMPANY 930.899
AGENTE:BNP PARIBAS 2S-PARIS/HENDERSON EUROPEAN ENHANCED EQUITY FUND 2.323.129
AGENTE:BP2S SINGAPORE/ENHANCED INDEX INTERNATIONAL SHARE FUND 2.168.551
AVA EUROPE 4 688.313
LBPAM ACTIONS EUROPE 2.270.000
XENYS 90.000
LBPAM VOIE LACTEE 2 164.636
TUTELAIRE ACTIONS 145.000
VIVACCIO ACTIONS 3.619.180
LBPAM ACTIONS DIVERSIFIE 1.553.909
LBPAM ACTIONS EURO 6.000.000
LBPAM ACTIONS INDICE 4.659.124
LBPAM PROFIL 80 PEA 1.174.789
LBPAM PROFIL 100 415.924
LBPAM ACTIONS DEVELOPPEMENT DURABLE 4.140.627
INDIANA UNIVERSITY FOUNDATION 247.764
CAUSEWAY INTERNATIONAL VALUE FUND 8.999.430
NON US EQUITY MANAGERS PORTFOLIO 5 OFFSHORE MASTER LP 769.329
AGENTE:JP MORGAN BANK LUXEM/FRANKLIN TEMPLETON INVESTMENT FUNDS 34.944.603
AGENTE:JP MORGAN CHASE BANK/JP MORGAN CHASE RETIREMENT PLAN 2.138.778
REUNICA CAAM ACTIONS 431.053
AGENTE:JP MORGAN CHASE BANK/TEMPLETON GLOBAL STOCK TRUST 1.542.469
AGENTE:JP MORGAN CHASE BANK/WASHINGTON STATE INVESTMENT BOARD 6.467.557
AGENTE:HSBC BANK PLC/WEST YORKSHIRE PENSION FUND 2.965.509
AGENTE:STATE STREET BANK AND TRUST COMPANY/VIA CHRISTI HEALTH SYSTEM INC. 72.204
AGENTE:STATE STREET BANK AND TRUST COMPANY/DODGE & COX INTERNATIONAL STOCK FUND 295.864.430
AGENTE:STATE STREET BANK AND TRUST COMPANY/CITY OF HIALEAH RETIREMENT SYSTEM 66.450
AGENTE:STATE STREET BANK AND TRUST COMPANY/MARATHON GLOBAL FUND : GLOBAL EQUITY 893.456
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/MARATHON NEW GLOBAL FUND PLC 3.056.500
AGENTE:STATE STREET BANK AND TRUST COMPANY/CAUSEWAY INTERNATIONAL VALUE GROUP 2.100.961
TRUST
AGENTE:JP MORGAN CHASE BANK/VANTAGEPOINT OVERSEAS EQUITY INDEX FUND 246.005
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMERICAN AIRLINES INC., MASTER FIXED 1.262.962
BENEFIT PENSION TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/DELUXE CORPORATION MASTER RETIREMENT 212.996
TRUST PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/FRESNO COUNTY EMPLOYEES` RETIREMENT 573.155
ASSOCIATION
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE COMMON FUND FOR NON PROFIT 589.460
ORGANIZATION
AGENTE:STATE STREET BANK AND TRUST COMPANY/WORKERS COMPENSATION BOARD-ALBERTA 303.090
AGENTE:STATE STREET BANK AND TRUST COMPANY/KBR UK COMMON INVESTMENT FUND 636.248
AGENTE:STATE STREET BANK AND TRUST COMPANY/PENSIONS MANAGEMENT (S.W.F.) LIMITED 547.741
AGENTE:STATE STREET BANK AND TRUST COMPANY/WORLD INDEX OLUS SECURITIES LENDING 468.220
COMMON TRUST FUND
AGENTE:JP MORGAN CHASE BANK/NATIONAL WESTMINSTER REINSURANCE LTD 8.178
PREDICA ISR MONDE 46.000
PFP-ISR 20.903
PREDICA ISR EUROPE 71.000
AGENTE:BQUE FEDERATIVE-STR/FCP HENKEL DIVERSIFIE N 1 12.650
AGENTE:BQUE FEDERATIVE-STR/1515 FCP GERARD PERRIER 4.350
AGENTE:BQUE FEDERATIVE-STR/HEINEKEN ENTREPRISE DIVERSIFIE 41.400
AGENTE:BQUE FEDERATIVE-STR/FCP DEGUSSA MIXTE 5.400
AGENTE:BQUE FEDERATIVE-STR/FCP DEGUSSA DYNAMIQUE 18.400
AGENTE:BQUE FEDERATIVE-STR/FCPE ROUSSELOT DYNAMIQUE 14.275
AGENTE:BQUE FEDERATIVE-STR/MONSANTO ACTIONS 50.071
AGENTE:BQUE FEDERATIVE-STR/FCP MGE DYNAMIQUE EURO 60.000
AGENTE:RBC DEXIA INVESTOR S/REGENT STRAT EUROPEAN EQ 921.588
ROCKWELL AUTOMATION MASTER TRUST 799.705
AGENTE:BNP PARIBAS 2S-PARIS/FCP ACTIONS ISR 1.600.000
AGENTE:BNP PARIBAS 2S-PARIS/ETHIQUE SOLIDARITE-FCPE SOLIDAIRE 17.430
AGENTE:NORTHERN TRUST -LO/INTL TRANSPORT CORP RETIREE HEALTH 135.462
AGENTE:NORTHERN TRUST -LO/CITY OF REGINA POLICE PENSION PLAN 104.925
AGENTE:NORTHERN TRUST -LO/CITY OF REGINA CIVIC SUPER BENEFIT 690.752
AGENTE:NORTHERN TRUST -LO/ILLINOIS TOOL WORKS MASTER TRUST 635.377
AGENTE:NORTHERN TRUST -LO/HOUSTON POLICE OFFICERS PENS SYSTEM 1.017.901
AGENTE:NORTHERN TRUST -LO/NORTHERN TRUST ROBUSTA FUND 943.802
AGENTE:BQUE FEDERATIVE-STR/VALORACTIONS 23.000
AGENTE:NORTHERN TRUST -LO/NATIONAL RAILROAD RET INVESTMENT TRUST PUBL FUND 3.412.348
pag. 10

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
AGENTE:NORTHERN TRUST -LO/FORTUNE BRANDS,INC MASTER PENSION TR 504.935
AGENTE:NORTHERN TRUST -LO/BANNER HEALTH SYSTEM 1.251.583
AGENTE:NORTHERN TRUST -LO/DANAHER CORPORATION RETIREMENT PLAN MASTER TRUST 373.514
AGENTE:RBC DEXIA INVESTOR S/AURION INTERNATIONAL DAILY EQUITY FD 287.661
AGENTE:BNP PARIBAS 2S-PARIS/CARDIF ASSURANCE RISQUES DIVERS 60.000
AGENTE:NORTHERN TRUST -LO/NORTHERN GLOBAL SUSTAINABILITY INDEX FUN 110.234
AGENTE:NORTHERN TRUST -LO/SPRING CREEK INVESTORS LLC 12.843
AGENTE:NORTHERN TRUST -LO/SHY LLC 3.269
AGENTE:NORTHERN TRUST -LO/LAS OLAS EQUITY PARTNERS LP 50.287
AGENTE:NORTHERN TRUST -LO/FIDELITY AGGRESSIVE INTERNATIONAL FD 1.735.500
AGENTE:NORTHERN TRUST -LO/NORTHERN INSTIT FUNDS INT INDEX PF 274.634
AGENTE:RBC DEXIA INVESTOR S/BF&M LIFE INSURANCE COMPANY LIMITED 196.241
AGENTE:BNP PARIBAS 2S-PARIS/FCP RICHELIEU EUROPE 550.000
AGENTE:BNP PARIBAS 2S-PARIS/D&O DEXIA ISR 92.421
AGENTE:BNP PARIBAS 2S-PARIS/FCPE MULTIPAR EQ. SOC. RES 96.085
AGENTE:BP2S LUXEMBOURG/PARWORLD 729.490
ING TEMPLETON GLOBAL GROWTH PORTFOLIO 1.687.948
VISION POOLED SUPERANNUATION TRUST 338.570
AGENTE:HSBC BANK PLC/AXA FRAMLINGTON EUROPEAN FUND 259.373
AGENTE:HSBC BANK PLC/EPWORTH INVESTMENT FUND 169.807
THE BANK OF KOREA 141.739
GS TACS MARKET CONTINUOUS (INTL) LLC 601.732
ING INTERNATIONAL INDEX PORTFOLIO 408.452
TIME WARNER INC MASTER PENSION TRUST 980.558
AGENTE:JP MORGAN CHASE BANK/AXA EQUITABLE LIFE INSURANCE CO 249.289
AGENTE:JP MORGAN CHASE BANK/SCHRODER GLOBAL ACTIVE VALUE FUND 468.355
AGENTE:JP MORGAN CHASE BANK/MFS DIVERSIFIED TARGET RETURN FUND 20.823
AGENTE:JP MORGAN CHASE BANK/BOILERMAKERS NATIONAL ANNUITY TRUST 137.451
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM ASSET ALLOCATION FUNDS - 187.337
CONSERVATIVE PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM ASSET ALLOCATION FUNDS - BALANCED 395.108
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/HARTFORD LIFE INSURANCE COMPANY 428.171
AGENTE:STATE STREET BANK AND TRUST COMPANY/WUT47 57.095
AGENTE:STATE STREET BANK AND TRUST COMPANY/EXLEY MANAGEMENT SERVICES LLC 11.500
AGENTE:STATE STREET BANK AND TRUST COMPANY/DWS BALANCED FUND 553.259
AGENTE:STATE STREET BANK AND TRUST COMPANY/RUSSELL INVESTMENT COMPANY IV PLC 350.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/AXA NEDERLAND (LUXEMBOURG) 14.306
AGENTE:STATE STREET BANK AND TRUST COMPANY/MFS MERIDIAN FUNDS - EUROPEAN VALUE FUND 1.701.699
AGENTE:STATE STREET BANK AND TRUST COMPANY/GOLDMAN SACHS FUNDS 3.496.123
AGENTE:STATE STREET BANK AND TRUST COMPANY/MET INVESTORS SERIES TRUST - 1.329.237
MET/TEMPLETON GROWTH PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/VALIC COMPANY I - FOREIGN VALUE FUND 4.747.665
AGENTE:STATE STREET BANK AND TRUST COMPANY/GMAM INVESTMENT FUNDS TRUST 1.251.085
AGENTE:STATE STREET BANK AND TRUST COMPANY/MINISTRY OF STRATEGY AND FINANCE 209.544
AGENTE:STATE STREET BANK AND TRUST COMPANY/MFS INTERNATIONAL VALUE FUND 6.007.848
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMERICAN INTERNATIONAL GROUP INC 11.970
RETIREMENT PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/ST. JAMES`S PLACE UK PUBLIC LIMITED COMPANY 27.772.983
AGENTE:STATE STREET BANK AND TRUST COMPANY/ST JAMES`S PLACE INTERNATIONAL PUBLIC 4.550.048
LIMITED COMPANY
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM ASSET ALLOCATION FUNDS - GROWTH 739.692
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM FIDUCIARY TRUST COMPANY 578.593
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMLIN UNDERWRITING LIMITED 559.977
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM WORLD TRUST II 29.144
AGENTE:STATE STREET BANK AND TRUST COMPANY/DWS LIFECYCLE LONG RANGE FUND 146.319
AGENTE:STATE STREET BANK AND TRUST COMPANY/MGI INTERNATIONAL EQUITY FUND 209.920
AGENTE:STATE STREET BANK AND TRUST COMPANY/SUPERVALU INC. MASTER INVESTMENT TRUST 35.338
AGENTE:STATE STREET BANK AND TRUST COMPANY/TIFF INTERNATIONAL EQUITY FUND 57.975
AGENTE:STATE STREET BANK AND TRUST COMPANY/MFS HERITAGE TRUST COMPANY COLLECTIVE 181.168
INVESTMENT TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/COHEN & STEERS GLOBAL INCOME BUILDER, INC. 202.860
AGENTE:STATE STREET BANK AND TRUST COMPANY/DODGE + COX GLOBAL STOCK FUND 8.182.333
AGENTE:STATE STREET BANK AND TRUST COMPANY/MULTI-STYLE, MULTI-MANAGER FUNDS PLC 4.475.405
AGENTE:STATE STREET BANK AND TRUST COMPANY/DWS BALANCED VIP 144.623
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK INSURANCE COMPANY OF 65.223
VERMONT
US BANK/PORTFOLIO 21 437.484
PRINCIPAL FUNDS INC INTERNATIONAL VALUE FUND 1 179.436
RICHIEDENTE:CBLDN S/A AEGON CUSTODY N.V./AEGON CUSTODY BV INZAKE AEGON BASISFONDS 1.592.415
AANDELEN EUROPA
AGENTE:JP MORGAN BANK IRELA/GAM STAR FUND PLC 1.622.252
AGENTE:JP MORGAN CHASE BANK/TEMPLETON GROWTH FUND 2.063.723
pag. 11

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
AGENTE:JP MORGAN CHASE BANK/TEMPLETON GLOBAL TRUST FUND 751.705
AGENTE:JP MORGAN CHASE BANK/JP MORGAN CHASE 401(K) SAVINGS PLAN 1.690.684
GRD 10 THS 792.371
ESSOR EUROPE 436.254
HAMELIN DIVERSIFIE II 250.000
FCP PORTFOLIO ACTIONS EUROPE 245.288
AGENTE:JP MORGAN CHASE BANK/FIRST CLEARING LLC 330.316
BOURBON 4 96.624
UNIVERS CNP 1 1.010.195
CNP ACP ACTIONS LT 201.656
CONCORDE 96 91.268
NATIXIS ISR ACTIONS 751.529
IXIS FLAMME 227.600
I CROISSANCE 90.163
MEDERIC ALZHEIMER IXIS AM 37.361
CMD AGIRC IXIS D 777.436
BOURBON 5 98.346
ECA DIVERSIFIE 95.660
ATOUT VIVACTIONS 209.405
AGIRC BD 116.049
LBPAM ACTIONS FINANCE 344.000
FCP TONI ACTIONS 100 967.289
ADPACTIONS 10.695
FCPE ADPARGNE 45.731
ACTIF CANTON LCL 1.800.000
EGERIS OBJECTIF EURO 503.693
FCP NATIXIS ACTIONS EURO GROWTH 640.000
ATOUT QUANTEUROLAND 2.122.252
CAAM INDICIA MEDIAN 921.547
CAAM ACTIONS DURABLES 367.840
EUROSOCIETALE 607.000
EPARGNE PRUDENCE THALES 224.666
EVIAN A EQUILIBRE 46.371
N 1 RENDEMENT USINOR 65.474
ASSURDIX 2.297.194
CAAM INDEX EURO 5.010.822
FCP RL PREVOYANCE 189.469
CAAM MONETAIRE PEA 227.037
CAAM RESA ACTIONS EURO 653.357
AGENTE:BROWN BROTHERS HARR/SEI INST INV TRUST SCREENED WORL 17.945
AGENTE:RBC DEXIA INVESTOR S/GENERAL MOTORS CANADA DOMESTIC TRUST 94.454
AGENTE:BQUE FEDERATIVE-STR/FCP SCORE SAINT JOSEPH 7.847
AGENTE:BQUE FEDERATIVE-STR/FCP SCORE SAINTE URSULE 7.163
AGENTE:BQUE FEDERATIVE-STR/FCP SCORE PILLAUD 26.661
AGENTE:BQUE FEDERATIVE-STR/FCP SCORE ORMESSON 16.714
AGENTE:BQUE FEDERATIVE-STR/FCP SCORE M O 11.395
AGENTE:BQUE FEDERATIVE-STR/FCP SCORE AUMEX 4.025
AGENTE:BQUE FEDERATIVE-STR/FCP SCORE AD BESANCON 13.644
AGENTE:BQUE FEDERATIVE-STR/FCP BRONGNIART AVENIR 41.864
AGENTE:BQUE FEDERATIVE-STR/FCP PATRIMOINE PLACEMENT 3 15.124
AGENTE:BQUE FEDERATIVE-STR/FCP PATRIMOINE PLACEMENT 2 6.197
AGENTE:BQUE FEDERATIVE-STR/FCP PATRIMOINE PLACEMENT 5.162
AGENTE:BQUE FEDERATIVE-STR/FCP LUCKY 9.039
AGENTE:BQUE FEDERATIVE-STR/FCP GROUPE ROCHE 156.000
AGENTE:BQUE FEDERATIVE-STR/CIC SOCIALEMENT RESPONSABLE 264.289
AGENTE:BQUE FEDERATIVE-STR/FCP BRANT 2.979
AGENTE:NORTHERN TRUST -LO/BAYCARE SYSTEM MASTER CUSTODY POOL 490.323
AGENTE:NORTHERN TRUST -LO/THE CALIFORNIA WELLNESS FOUNDATION 67.984
AGENTE:NORTHERN TRUST -LO/CHRISTIAN SCHOOL PENSION AND TRUST 234.556
AGENTE:NORTHERN TRUST -LO/CITY OF LOS ANGELES FIRE POLICE PLAN 705.573
AGENTE:NORTHERN TRUST -LO/IBM PENSION PLAN 1.408.038
AGENTE:NORTHERN TRUST -LO/1199 HEALTHCARE EMPLOYEES PENSION TRUST 2.205.001
AGENTE:NORTHERN TRUST -LO/BAY CARE HEALTH SYSTEM GROUP INVEST. 13.789
AGENTE:NORTHERN TRUST -LO/CITY OF MILWAUKEE EMPLOY RETIREMENT 537.920
AGENTE:NORTHERN TRUST -LO/VOLKSWAGEN US.INC.E.RETIREMENT PLAN 31.953
AGENTE:NORTHERN TRUST -LO/CHEMTURA CORPORATION MASTER RETIR TR 108.070
AGENTE:BNP PARIBAS 2S-PARIS/FCPE LIMACTIF 48.410
AGENTE:BNP PARIBAS 2S-PARIS/NATEXIS PERFORMANCE I 27.134
AGENTE:NORTHERN TRUST -LO/MS FUND LP 1.413.796
AGENTE:NORTHERN TRUST -LO/CHICAGO TRANSIT AUTH-SUPP RET PLAN 7.578
AGENTE:BQUE FEDERATIVE-STR/FCP ES TEMPERE 123.680
AGENTE:BQUE FEDERATIVE-STR/FCPE FLEURY MICHON DIVERSIFIE 11.163
AGENTE:BQUE FEDERATIVE-STR/FCP ES GESTION EQUILIBRE 1.115.644
AGENTE:RBC DEXIA INVESTOR S/HSBC INTERNATIONAL SELECT FUND 352.811
pag. 12

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
AGENTE:STATE STREET BANK AND TRUST COMPANY/MORRIS & GWENDOLYN CAFRITZ FOUNDATION 47.590
AGENTE:STATE STREET BANK AND TRUST COMPANY/NOVARTIS CORPORATION PENSION MASTER 708.135
TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMEC STAFF PENSION SCHEME 1.132.926
AGENTE:STATE STREET BANK AND TRUST COMPANY/SACRAMENTO REGIONAL TRANSIT DISTRICT 25.694
AGENTE:STATE STREET BANK AND TRUST COMPANY/R.H. BLUESTEIN & CO. 1.182
AGENTE:STATE STREET BANK AND TRUST COMPANY/SPDR S+P INTERNATIONAL FINANCIAL SECTOR 35.727
ETF
AGENTE:STATE STREET BANK AND TRUST COMPANY/MARATHON GLOBAL FUND: INTERNATIONAL 579.763
EQUITY FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/NEWPORT NEWS EMPLOYEE RETIREMENT FUND 18.625
AGENTE:STATE STREET BANK AND TRUST COMPANY/GMO GLOBAL EQUITY TRUST (EX-AUSTRALIA) 767.201
AGENTE:STATE STREET BANK AND TRUST COMPANY/M FUND BRANDES INTERNATIONAL EQUITY FUND 492.500
AGENTE:STATE STREET BANK AND TRUST COMPANY/BRANDES INSTITUTIONAL INTERNATIONAL 1.379.157
EQUITY FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/MGI NON-US CORE EQUITY FUND 1.116.449
AGENTE:STATE STREET BANK AND TRUST COMPANY/CITY OF PROVIDENCE EMPLOYEES RETIREMENT 220.414
SYSTEM
DYNALION MONDE PEA L997 100.000
EATON VANCE CORPORATION 7.888
THE MEDICAL CENTRE INSURANCE COMPANY LTD. 253.926
MARSHALL + ISLEY TRUST COMPANU 21.475
PRINCIPAL VARIABLE CONTRACTS FUND INC ASSET ALLOCATION ACCOUNT 15.553
SPRUCEGROVE NON-US EQUITY LLC 1.064.917
GEN BRD OF PENSION&HEALTH BNFTOF THE UNITED METHOD 2.601.490
UNIVERSITY OF PITTSBURGH MEDICAL CENTER SYSTE 287.006
VEBA PARTNERSHIP N LP . 141.259
CIBC EUROPEAN INDEX FUND . 98.586
CIBC POOLED INTERNATIONAL EQUITY INDEX FUND 50.161
ABB INC. MASTER TRUST . 128.657
BJC GROUP PENSION TRUST . 330.175
CONNECTICUT GENERAL LIFE INSURANCE COMPANY 247.374
CATHOLIC HEALTH INITIATIVES MASTER TRUST 731.545
SISTERS OF CHARITY OF LEAVENWORTH HEALTH S 325.656
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLOYEES RETIREMENT SYSTEM 378.222
CHESHIRE PENSION FUND . 1.168.323
CONRAIL EMPLOYEE BENEFITS TRUST 15.973
CANADIAN PACIFIC RAILWAY COMPANY PENSION PLAN 1.306.361
ADVANTAGE FUNDS INC - GLOBAL ALPHA FUND 22.539
STATE OF SOUTH DAKOTA . 262.900
SOUTH DAKOTA RETIREMENT SYSTEM 1.332.100
MARS GMBH . 803.812
GRANGER FINANCIAL MANAGEMENT . 18.445
CITY OF NEW YORK DEFERRED COMPENSATION PLAN 535.540
ARCELORMITTAL USA INC. PENSION TRUST 169.975
KANSAS PUBLIC EMPLOYEES RETIREMENT 1.355.657
ROGERSCASEY TARGET SOLUTIONS LLC. 632.155
OPERATING ENGINEERS LOCAL 101 PENSION FUND 146.351
UPMC BASIC RETIREMENT PLAN MASTER TRUST 96.017
THE SALVATION ARMY TERRITORIAL HEADQUAR 448.254
CERVURITE INTERNATIONAL LLC . 167.487
PENSION FUND OF THE CHRISTIAN CHURCH 153.241
THE SALVATION ARMY OFFICERS` RETIREMENT TRUST FUN 97.464
LVIP SSGA INTERNATIONAL INDEX FUND 529.304
ELECTRICAL WORKERS LOCAL 26 PENSION TRUST FUND 99.123
INVESTORS EUROPEAN DIVIDEND GROWTH FUND 146.000
CAAM ACTIONS EURO CA-MF 357.985
LV CHALLENGE 153.864
L.S. DYNAMIQUE 35.656
EQUILIBRE PROTEGE ACTIONS-TAUX 827.331
CAAM SELECT EURO 1.358.443
FCP FMS 3 387.120
ALCATEL 1 6.249
VOCATION MARCHE ARIANESPACE CONSEIL DE SURVEILLANCE DU FCP 17.100
DARTY DIVERSIFIE EQUILIBRE 36.399
FCP VILLIERS CROISSANCE 4.003.383
VILLIERS DIVERSIFIE DEXIA AM 501.509
RAVGDT DIVERSIFIE II DEXIA AM 59.992
FCP ERAFP ACTIONS EUROS1 EDEAM 2.790.000
ECUREUIL 1,2,3 FUTUR 1.603.784
CARBP DIVERSIFIE 205.062
AREGE 2IC 80.638
MONNET 53.944
ABP CROISSANCE RENDEMENT 800.000
pag. 13

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
CNP ASSUR PIERRE 181.343
IXIS EURO ACTIONS 1.903.720
CNP ASSUR VALEURS 335.546
IMPACT ISR DYNAMIQUE 68.621
IMPACT ISR CROISSANCE 146.773
IMPACT ISR EQUILIBRE 722.434
IMPACT ISR RENDEMENT SOLIDAIRE 127.772
NATIXIS ES ACTIONS EURO 425.440
AREVA DIVERSIFIE OBLIGATAIRE 88.349
FCP ERAFP ACTIONS EUROS4 BTF P 732.300
EPARGNE EQUILIBRE FCPE 37.683
STICHTING PENSIOENFONDS UWV . 854.076
METROPOLE GESTION 27.350.000
AGENTE:BROWN BROTHERS HA-LU/FIDELITY FUNDS SICAV 19.231.878
AGENTE:BROWN BROTHERS HARR/GMO TAX-MANAGED INTERNATIONAL EQUITIES F 543.863
AGENTE:BROWN BROTHERS HARR/GMO INTERNATIONAL INTRINSIC VALUE FUND 8.547.658
AGENTE:BROWN BROTHERS HARR/SEI INST INVES TRUST INTERNAT EQTY FUND 856.808
AGENTE:BROWN BROTHERS HARR/SEI INSTITUTIONAL INTERN TRUST INTERNATI 2.876.218
AGENTE:BROWN BROTHERS HARR/GMO DEVELOPED WORLD STOCK FUND 771.520
AGENTE:BROWN BROTHERS HARR/SEI INST INVEST TRUST WORLD EQ EX-US FUN 1.581.850
AGENTE:BQUE FEDERATIVE-STR/FCP GROUPE BRIAND 8.093
AGENTE:BQUE FEDERATIVE-STR/FCPE EUROP ASSISTANCE DIVERSIFIE 20.393
AGENTE:BQUE FEDERATIVE-STR/CM ALLIANCE FCP 23.565
AGENTE:PICTET & CIE/FDT ETHOS 210.821
AGENTE:RBC DEXIA INVESTOR S/PROV NOVA SCOTIA PUBLIC SERV SUPERANN FD 82.895
AGENTE:RBC DEXIA INVESTOR S/NOVA SCOTIA TEACHERS PENSION FUND 101.778
AGENTE:RBC DEXIA INVESTOR S/BELL ALIANT REGIONAL COMMUNICATIONS INC 248.523
AGENTE:RBC DEXIA INVESTOR S/CANADA POST CORPORATION PENSION PLAN 9.520.805
AGENTE:HSBC BANK PLC/HSBC INVESTMENT FUNDS (UK) LIMITED 281.228
AGENTE:NORTHERN TRUST -LO/INDIANA STATE TEACHERS RETIREMENT FD 484.109
AGENTE:NORTHERN TRUST -LO/TENNESSE CONSOLIDATED RETIREMENT SYSTEM 4.438.711
AGENTE:NORTHERN TRUST -LO/AMERICAN COLLEGE OF SURGEONS 58.026
AGENTE:NORTHERN TRUST -LO/FUTURE FUND FOR BOARD OF GUARDIANS 3.934.335
AGENTE:RBC DEXIA INVESTOR S/NOVA SCOTIA ASSOC OF HEALTH ORG PENS PL 337.040
AGENTE:NORTHERN TRUST -LO/GRAHAM CAPITAL PARTNERSHIP I LP 29.914
AGENTE:BQUE FEDERATIVE-STR/FCP GAILLON 130/30 93.351
AGENTE:BROWN BROTHERS HARR/GMO GLOBAL ACTIVE EQUITY FUND LP 330.649
AGENTE:BROWN BROTHERS HARR/THE EUROPEAN EQUITY FUND INC. 1.200.000
AGI FRANCE 6.000.000
MACIF GESTION 1.112.474
AGENTE:STATE STREET BANK AND TRUST COMPANY/ING DIRECT STREETWISE BALANCED INCOME 11.027
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/ING DIRECT STREETWISE BALANCED FUND 47.272
AGENTE:STATE STREET BANK AND TRUST COMPANY/ING DIRECT STREETWISE BALANCED GROWTH 64.036
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/GMO DEVELOPED WORLD EQUITY INVESTMENT 1.871.958
FUND PLC
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE OF NEBRASKA DEPARTMENT OF 37.468
ADMINISTRATIVE SERVICES
AGENTE:STATE STREET BANK AND TRUST COMPANY/CORE STRATEGIES INVESTMENT FUND LLC 159.430
AGENTE:STATE STREET BANK AND TRUST COMPANY/WORKERS` COMPENSATION REINSURANCE 121.026
ASSOCIATION
AGENTE:STATE STREET BANK AND TRUST COMPANY/EUROPE ALPHA COMMON TRUST FUND 173.752
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA WORLD INDEX EQUITY FUND 1.284.682
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA ITALY INDEX EQUITY FUND 6.346.478
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA EUROPE ALPHA EQUITY FUND I 151.821
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA EMU INDEX EQUITY FUND 9.951.120
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA FINANCIALS INDEX EQUITY FUND 72.710
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA EUROPE INDEX EQUITY FUND 1.556.419
AGENTE:STATE STREET BANK AND TRUST COMPANY/ANDRA AP-FONDEN (AP2) 15.279.000
AGENTE:BROWN BROTHERS HARR/VANGUARD FTSE ALL-WORLD EX US INDEX FUND 14.882.233
AGENTE:BROWN BROTHERS HARR/BBH BOS MTBJ RE: MANULIFE INTL BOND INDEX MOTH FND 2.020.780
AGENTE:BROWN BROTHERS HARR/FIDELITY ADVISOR SERIES VIII INT CAPITAL 417.800
AGENTE:BROWN BROTHERS HARR/VANGUARD GLOBAL EQUITY FUND 2.771.282
AGENTE:BROWN BROTHERS HARR/BBH/LIFEYRISSJODUR VERZLUNARMANNA-PENSIO 133.871
AGENTE:BROWN BROTHERS HARR/VARIABLE INSURANCE FUND IV VIP INTL CAP 124.700
AGENTE:BROWN BROTHERS HA-LU/NATIXIS INTERNT FUNDS LUX I 174.759
AGENTE:BROWN BROTHERS HARR/OFI INSTITUTIONAL INTERNATIONAL INDEX FU 91.257
AGENTE:BROWN BROTHERS HARR/VANGUARD TOTAL WORLD STOCK INDEX FUND 828.810
ROYAL BANK OF CANADA (CHANNELL ISLANDS) LIMITED 2.222
BANK JULIUS BAER & CO LTD 670.500
AGENTE:RBC DEXIA INVESTOR S/RBC DEXIA INVESTOR SVCS BK FR 2.116.375
AGENTE:HSBC BANK PLC/SG HAMBROS BANK(GIBRALTAR 20.397
AGENTE:HSBC BANK PLC/WEST MIDLANDS METROPOLITAN AUTHORITI 3.230.000
pag. 14

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
AGENTE:HSBC BANK PLC/SG HAMBROS BANK(CHANNEL ISLANDS)LTD 4.078
AV SUPER FUND 12.931
AGENTE:UBS AG -ZURICH/UBS FUND MANAGEMENT (SWITZERLAND) AG 2.649.467
AGENTE:JP MORGAN CHASE BANK/TEMPLETON NVIT INTERNATIONAL VALUE FUND 974.737
WM POOL - EQUITIES TRUST NO. 22 210.852
JANA PASSIVE GLOBAL SHARE TRUST 550.955
AGENTE:JP MORGAN BANK LUXEM/AVIVA INVESTORS INTERNATIONAL FUND 41.093
ACTIF CANTON CREDIT AGRICOLE 42.539.120
AGRIPLAN EXPANSION FCPE CAES 122.975
ATOUT EUROLAND 3.059.008
CAAM LABEL DYNAMIQUE 223.505
CAAM LABEL EQUILIBRE 664.942
CAAM LABEL PRUDENCE 154.156
FCPE CAMERON FRANCE SA 16.436
CL EPARGNE DYNAMIQUE 50.286
AGENTE:JP MORGAN CHASE BANK/AVIVA LIFE & PENSIONS UK LIMITED 1.946.700
POLICEMEN AND FIREMEN RETIREMENT SYSTEM OF THE CITY OF DETROIT 83.983
EGEPARGNE 1 72.569
EGEPARGNE ACTIONS ISR ACTIONS EUROPE CAAM 195.014
EVOLUTIS 660.008
FONDS DE RESERVE POUR LES RETRAITES 348.100
RICHIEDENTE:CITIBANK SINGAPORE SA NTUC LIFEP GLOBALEQUITY ALLIAN/NTUC INCOME INSECURE 165.410
COPERATIVE LIMITED
RICHIEDENTE:CBHK S/A CFSIL WS IGSF/COLONIAL FIRST STATE INVESTEMENT LIMITED 861.265
RICHIEDENTE:CBLDN S/A LEGAL AND GENERAL/LEGAL AND GENERAL ASSURANCE (PENSIONS 4.167.292
MANAGEMENT) LTD
RICHIEDENTE:CBHK SA CBHK-GOLDMAN SAC AS MA IN/CHUNGHWA POST CO LTD 557.133
FORTIS INVESTMENT MANAGEMENT 794.684
FRUCTIFONDS VALEURS EUROPEENNES 846.854
GRD 20 1.015.308
HUTCHINSON ACTIONS 46.572
LA BANQUE POSTALE DE PREVOYANCE 144.246
MEDI ACTIONS 1.800.000
FCPE NATIXIS AVENIR 1 PERFORMANCE 226.170
FCPE NATIXIS AVENIR 2 DYNAMIQUE 38.660
FCPE NATIXIS AVENIR 3 CROISSANCE 100.721
FCPE NATIXIS AVENIR 4 EQUILIBRE 158.202
FCPE NATIXIS AVENIR 5 RENDEMENT 63.600
OCP EPARGNE 21.424
SICAV 5000 1.545.455
AGENTE:JP MORGAN BANK LUXEM/CIKK FUND 202.097
LVIP DELAWARE FOUNDATION MODERATE A 115.580
AMERICAN ELECTRIC POWER MASTER RETIREMENT TRUST 1.251.005
FORSTA AP-FONDEN . 4.177.842
BLUE CROSS BLUE SHIELD OF NORTHCAROLINA RETIR 278.894
CN CANADIAN MASTER TRUST FUND . 5.113.000
AMERICAN ELECTRIC POWER SYSTEM RETIREE LIFE INSURANCE TRUST 52.835
AMERICAN ELECTRIC POWER SYSTEM RETIREE MEDICAL TRUST FOR CERTAIN UNION 145.995
DELAWARE INVESTMENTS GLOBAL FUNDS PLC 37.424
STICHTING DOW PENSIOENFONDS . 303.299
ESSEX COUNTY COUNCIL . 1.105.580
ENERGY EAST CORPORATION MASTERTRUST 642.445
FLORIDA RETIREMENT SYSTEM . 31.496.802
HJ HEINZ PENSION TRUST LIMITED. 816.376
RHM PENSION SCHEME . 277.048
WELLMARK INC. . 232.995
LVIP DELAWERE FOUNDATION CONSERVATIVE ALLOCATION FUND 281.695
LVIP DELAWARE FOUNDATION AGGRESSIVE ALLOCATION FUND 444.021
STICHTING DEPOSITARY APG DEVELOPED MARKETS EQUITY POOL 54.536.944
INCO ELECTED MASTER TRUST . 157.967
QUADRUS TEMPLETON INTERNATIONALEQUITY FUND 539.365
IG TEMPLETON INTERNATIONAL EQUITY CLASS 201.632
DELAWARE INVESTMENTS GLOBAL DIAND INCOME FUND INC 106.746
DELAWARE VIP INTERNATIONAL VALUE EQUITY SERIES 517.458
DELAWARE INTERNATIONAL VALUE EQUITY FUND 2.761.139
DELAWARE AGGRESSIVE ALLOCATIONPORTFOLIO 143.641
DELAWARE MODERATE ALLOCATION PORTFOLIO 348.147
DELAWARE GLOBAL VALUE FUND . 167.503
MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHST 11.539.241
TREASURER OF THE STATE OF NORTHCAROLINAEQUITY INVESTMENT FUND POOLED 4.490.164
NATIONAL PENSIONS RESERVE FUNDCOMMISSION 2.180.503
ARIZONA PSPRS TRUST 764.510
TD EUROPEAN INDEX FUND . 58.438
ROCHE US DB PLANS MASTER TRUST 270.665
pag. 15

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
THE BOSTON COMMON INTNL SOCIAL INDEX FUND, LLC 63.370
GLAXOSMITHKLINE MASTER RETIREMENT TRUST 917.193
AT&T UNION WELFARE BENEFIT TRUST 2.398.818
AXA INVESTMENT MANAGERS PARIS 538.915
AGENTE:BROWN BROTHERS HARR/GMO INTERNATIONAL CORE EQUITY FUND 4.938.400
AGENTE:BROWN BROTHERS HARR/BBH B J T S RE CMA MFS EX-JAPAN GROWTH MOTHER FUND 7.042
AGENTE:BNP PARIBAS 2S-PARIS/EASY ETF DJ EURO STOXX 271.488
AGENTE:BNP PARIBAS 2S-PARIS/FCPE EXPANSION SOLIDARITE 61.596
AGENTE:BNP PARIBAS 2S-PARIS/FCPE EQUILIBRE SOLIDARITE 95.252
AGENTE:BNP PARIBAS 2S-PARIS/HORIZON SOLIDARITE CROISSANCE 14.007
AGENTE:BNP PARIBAS 2S-PARIS/HORIZON SOLIDARITE AUDACE 13.275
AGENTE:BNP PARIBAS 2S-PARIS/EASY ETF EURO STOXX 50 6.076.083
AGENTE:BQUE FEDERATIVE-STR/FCP PATRIMOINE PLACEMENT 5 11.432
AGENTE:BQUE FEDERATIVE-STR/FREESCALE DIVERSIFIE 57.500
AGENTE:BQUE FEDERATIVE-STR/FCPE CONVERGENCE DIVERSIFIE 617.438
AGENTE:RBC DEXIA INVESTOR S/RT TORONTO POOLED CLIENTS A/C 35.072
AGENTE:RBC DEXIA INVESTOR S/IWA FOREST INDUSTRY PENSION PLAN 594.300
AGENTE:RBC DEXIA INVESTOR S/FONDATION J.A. BOMBARDIER 49.536
AGENTE:NORTHERN TR GLB SERV/ABU DHABI RETIREMENT PENSION FUND 564.567
AGENTE:NORTHERN TRUST -LO/MONTGOMERY COUNTY EMPLOYEES` RETIR 211.040
AGENTE:NORTHERN TRUST -LO/PEPSICO INC MASTER RETIREMENT TRUST 181.759
AGENTE:NORTHERN TRUST -LO/SILVER GROWTH FUND, LP 27.663
AGENTE:NORTHERN TRUST -LO/LOR PIP INTERNATIONAL 293.383
AGENTE:NORTHERN TRUST -LO/TRINITY COLLEGE 92.977
AGENTE:NORTHERN TRUST -LO/SISTERS OF PROVIDENCE RETIRE. PLAN 63.615
AGENTE:NORTHERN TRUST -LO/HALIFAX INTL INVEST ICVC EUROPEAN FD 1.710.855
AGENTE:NORTHERN TRUST -LO/CLERICAL MED INVEST GROUP LIMITED 566.584
AGENTE:NORTHERN TRUST -LO/ST ANDREWS LIFE ASSURANCE PLC 216.979
AGENTE:NORTHERN TRUST -LO/SVG INVESTMENT FUND (DUBLIN) PLC 349.070
AGENTE:NORTHERN TRUST -LO/INTERNATIONAL MONETARY FD RET STAFF 403.300
AGENTE:NORTHERN TR GLB SERV/STICHG BEWR BEROPSVR TST&STICHG BEHER BEROEPVR MGR 1.073.130
AGENTE:BQUE FEDERATIVE-STR/LOGICA MOTIVATION 9.200
AGENTE:BQUE FEDERATIVE-STR/SERENIS CAP 1101 34.304
AGENTE:BQUE FEDERATIVE-STR/ACM ALLEGRO 1066 3.271
AGENTE:BQUE FEDERATIVE-STR/ACM ALLEGRO 1065 2.787
AGENTE:BQUE FEDERATIVE-STR/ACM CAP 1004 6.190
AGENTE:RBC DEXIA INVESTOR S/JO HAMBRO CAPITAL MANAGEMENT UMBRELLA FU 56.377
AGENTE:NORTHERN TRUST -LO/RBS HBOS EURO SPECIAL SITUATIO 2.013.644
AGENTE:STATE STREET BANK AND TRUST COMPANY/ARCHITAS MULTI-MANAGER ICVC II 253.565
AGENTE:STATE STREET BANK AND TRUST COMPANY/CAVENHAM GLOBAL EQUITIES 643.456
AGENTE:STATE STREET BANK AND TRUST COMPANY/DWS (CH) - EURO RENTEN 870.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/GMO TAX-MANAGED GLOBAL BALANCED 56.483
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA GLOBAL INDEX PLUS NL TRUST 663.330
AGENTE:STATE STREET BANK AND TRUST COMPANY/RIO TINTO PENSION FUND 386.194
AGENTE:STATE STREET BANK AND TRUST COMPANY/FLOURISH INVESTMENT CORPORATION 3.343.394
AGENTE:STATE STREET BANK AND TRUST COMPANY/WORKERS COMPENSATION INSURANCE FUND 160.409
AGENTE:STATE STREET BANK AND TRUST COMPANY/WUT44 359.950
AGENTE:STATE STREET BANK AND TRUST COMPANY/BEST INVESTMENT CORPORATION 572.631
AGENTE:STATE STREET BANK AND TRUST COMPANY/AXA WORLD FUND 6.161.444
AGENTE:STATE STREET BANK AND TRUST COMPANY/MARCH FUND 93.667
AGENTE:STATE STREET BANK AND TRUST COMPANY/BGI MSCI EUROPE EQUITY INDEX FUND B 7.299.293
AGENTE:STATE STREET BANK AND TRUST COMPANY/BGI MSCI EAFE EQUITY INDEX NON-LENDABLE 2.589.229
FUND B
AGENTE:STATE STREET BANK AND TRUST COMPANY/TEACHERS` RETIREMENT SYSTEM OF THE STATE 2.032.412
OF ILLINOIS
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE PITNEY BOWES RETIREMENT PLANS TRUST 140.815
AGENTE:STATE STREET BANK AND TRUST COMPANY/SPDR DJ EURO STOXX 50 ETF 1.222.320
AGENTE:RBC DEXIA INVESTOR S/MANULIFE INVESTMENT EXCHANGE FUND CORP 544.422
AGENTE:NORTHERN TRUST -LO/NTGI-QM COMMON DAILY ALL COUNTRY WORLD E 187.340
AGENTE:NORTHERN TRUST -LO/ANDREA REIMANN-CIARDELLI 1998 GRAT U/A 3 100.370
AGENTE:NORTHERN TRUST -LO/ANDREA REIMANN-CIARDELLI REVOCABLE TRUST 77.565
AGENTE:NORTHERN TRUST -LO/NON CONTRIBUTORY OF MINE SAFETY 96.140
AGENTE:NORTHERN TRUST -LO/RUSH-PRESBYTERIAN MEDICAL CENTER P.P 184.385
AGENTE:NORTHERN TRUST -LO/SANFORD C. BERNSTEIN DELAWARE BUSINESS T 1.046.100
AGENTE:NORTHERN TRUST -LO/SANFORD C. BERN DELAWARE BUSINESS 161.775
AGENTE:NORTHERN TRUST -LO/ROBERT BOSCH CORPORATION MASTER TST 461.915
AGENTE:NORTHERN TRUST -LO/AMERICAN LEBANESE SYRIAN ASSOCIATED 99.705
AGENTE:JP MORGAN CHASE BANK/NEW MEXICO EDUCATIONAL RETIREMENT BOARD 741.735
AGENTE:NORTHERN TRUST -LO/EMPLOYEES RET SYSTEM RICO ELECTRIC POWER 229.565
AGENTE:NORTHERN TRUST -LO/FREESCALE SEMICONDUCTOR INC RETIREMENT 411.835
AGENTE:NORTHERN TRUST -LO/MOTOROLA INC PENSION PLAN 340.374
AGENTE:NORTHERN TRUST -LO/UNITED AIRLINES PILOTS DIR.PLAN TR. 337.400
NOMURA BANK (LUXEMBOURG) SA CLIENT ACCOUNT 605.785
pag. 16

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
AGENTE:HONGKONG/SHANGHAI BK/HSBC FD SERV MANUFACT LIFE INSURA CO LTD 649.097
AGENTE:HSBC BANK PLC/HSBC ETFS PUBLIC LIMITED COMPANY 740.513
AGENTE:BROWN BROTHERS HA-LU/ACMBERNSTEIN EUROPEAN STRATEGIC VALUE PO 414.673
AGENTE:BROWN BROTHERS HARR/VANGUARD DEVELOP MARKET INDEX FUND 13.478.142
AGENTE:BROWN BROTHERS HARR/GMO REAL RET ASS ALL FUND LP 68.030
SUNSUPER SUPERANNUATION FUND 2.486.506
OGLETHORPE POWER CORPORATION 784.130
RICHIEDENTE:CBNY S/A ALLEGIANT INTL EQUITY FUND/ALLEGIANT INTERNATIONAL EQUITY FUND 422.202
ING INVESTMENT MANAGEMENT EUROPE NV 3.959.812
RICHIEDENTE:CBHK S/A CFSIL COMMONWEALTH GL SF 23/COLONIAL FIRST STATE INVESTMENTS 1.938.300
LIMITED
RICHIEDENTE:CBLDN S/A ST MN SER AANDEL EUROP II/STICHTING MN SERVICES AANDELENSFONDS 36.737
EUROPA III
RICHIEDENTE:CBLDN S/A CIP-DEP AVIVA INVESTORS NORWICH UNION/AVIVA INVESTORS 429.450
INTERNATIONAL INDEX TRACKING FUND
RICHIEDENTE:CBNY S/A ADVANCED SERIES TRUST - AST JP MORGAN INTL EQUITY PORTF./ADVANCED 974.586
SERIES TRUST - AST JP MORGAN INTERNATIONAL EQUITY PORTFOLIO
WELLS FARGO BANK MINNESOTA NA 5.463
S2G 4.550.837
GENERALI INVESTMENTS FRANCE 536.530
ETOILE GESTION 3.852.999
CAAM 392.776
AGENTE:STATE STREET BANK AND TRUST COMPANY/DB ADVISORS (CH) DBI WORLD EQUITY FUND 10.669
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMLIN CORPORATE INSURANCE NV 1.280.808
AGENTE:STATE STREET BANK AND TRUST COMPANY/DODGE + COX WORLDWIDE FUNDS PLC 848.050
AGENTE:STATE STREET BANK AND TRUST COMPANY/MARQUIS INSTITUTIONAL GLOBAL EQUITY 126.333
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/UAW RETIREE MEDICAL BENEFITS TRUST 1.241.060
AGENTE:STATE STREET BANK AND TRUST COMPANY/GOLDMAN SACHS FUNDS II 361.920
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES MSCI ACWI INDEX FUND (EX IBT 2765) 679.476
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES MSCI ACWI EX US INDEX FUND (EX IBT 590.934
2766)
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES MSCI ACWI EX US FINANCIALS INDEX 7.398
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES S&P EUROPE 350 INDEX FUND (EX IBT 3.601.892
2773)
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES MSCI EAFE INDEX FUND (EX IBT 2777) 46.027.938
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES MSCI EAFE VALUE INDEX FUND (EX IBT 1.732.245
2778)
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES S&P GLOBAL FINANCIAL SECTOR INDEX 1.126.770
FUND (EX IBT 2787)
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES MSCI EMU INDEX FUND (EX IBT 2865) 4.115.103
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES MSCI ITALY INDEX FUND (EX IBT 2869) 6.185.339
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES MSCI KOKUSAI INDEX FUND (EX IBT 2769) 359.437
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES MSCI EUROPE FINANCIAL SECTOR 66.311
INDEX FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/MSCI EQUITY INDEX FUND B-ITALY 13.823.409
AGENTE:STATE STREET BANK AND TRUST COMPANY/MULTI CURRENCY ALPHA TILTS SOCIAL SCREEN 6.049
FUND B (EX IBT 90164)
AGENTE:STATE STREET BANK AND TRUST COMPANY/INTERNATIONAL EQUITY INDEX PLUS FUND B (EX 285.316
IBT 90223)
AGENTE:STATE STREET BANK AND TRUST COMPANY/WORLD EX-U.S. ALPHA TILTS FUND B 63.328
AGENTE:STATE STREET BANK AND TRUST COMPANY/BGI MSCI EMU IMI INDEX FUND B 1.637.099
AGENTE:STATE STREET BANK AND TRUST COMPANY/INTERNATIONAL ALPHA TILTS FUND B 276.283
AGENTE:STATE STREET BANK AND TRUST COMPANY/CHRYSLER LLC MASTER RETIREMENT TRUST 1.951.215
AGENTE:STATE STREET BANK AND TRUST COMPANY/INTREPID INTERNATIONAL - CANADA FUND 51.670
AGENTE:STATE STREET BANK AND TRUST COMPANY/COLUMBIA INTERNATIONAL VALUE MASTER 3.651.500
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/MORGAN STANLEY STRATEGIST FUND 186.760
AGENTE:NORTHERN TRUST -LO/M-L INTERNATIONAL INVESTMENT FUND 737.148
AGENTE:STATE STREET BANK AND TRUST COMPANY/ABBEY LIFE ASSURANCE COMPANY LIMITED 6.429.335
UNIVERSITY OF THE SOUTH STI OMNIBUS SUNTRUST BANKS 71.178
ALASKA PERMANENT FUND CORPORATION 3.469
AZL FRANKLIN TEMPLETON FOUNDINGSTRATEGY PLUS FUND 198.505
BJC HEALTH SYSTEM . 726.330
BRUCE POWER PENSION PLAN . 1.427.900
COX ENTERPRISES INC MASTER TRUST 874.175
BNY MELLON EB COLLECTIVE INVESTMENT FUND PLAN 1.604.146
FIRE & POLICE EMPLOYEES RET. SYSTEM-CITY OF BALTI 1.081.710
GMI INVESTMENT TRUST . 929.409
HEINZ MANAGEMENT PENSION PLAN 187.342
HRK INVESTMENTS LLP 109.075
HERTFORDSHIRE COUNTY COUNCIL PENSION FUND 787.585
IMPERIAL TOBACCO PENSION INVESTMENT TRUST FUND 240.655
DELAWARE DIVIDEND INCOME FUND . 236.075
pag. 17

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
DELAWARE ENHANCED GLOBAL DIVIDEND AND INCOME FUND 420.721
LOUISIANA STATE EMPLOYEES` RETIREMENT SYSTEM 1.140.200
EMPLOYEE RETIREMENT INCOME PLANTRUST OF 3M COM 908.691
MERCHANT NAVY OFFICERS PENSION FUND 67.062
MERCY INVESTMENT SERVICES 204.434
OPEC FUND FOR INTERNATIONAL DEVELOPMENT 503.192
STICHTING PENSIOENFONDS HORECA & CATERING 1.044.503
ROCKWELL COLLINS MASTER TRUST 1.334.559
SAN DIEGO GAS AND ELEC CO NUCLEAR FACILITIES QUAL DEC 141.036
BALANCING POOL . 269.022
TD EMERALD INTERNATIONAL EQUITYINDEX FUND 1.665.928
AT&T SAVINGS GROUP INV TRUST 317.425
TORONTO FIRE DEPARTMENT SUPERANNUATION AND BENEFIT FD 21.304
TORSTAR MASTER TRUST FUND . 396.357
TUCSON SUPPLEMENTAL RETIREMENT SYSTEM 294.033
TXU RETIREMENT PLAN MASTER TRUST 699.014
CIBC INTERNATIONAL INDEX FUND 203.176
OIL INVESTMENT CORPORATION LTD&OIL CAS INVESTMENT 1.362.765
HSBC BANK (CAYMAN) LIMITED 143.210
AGIRC F1 451.601
FCP HAMELIN DIVERSIFIE PERP 8.500
FCP A.A.-DEXIA-ISR 27.002
WM POOL EQUITIES TRUST NO.34 3.417.790
TUTELAIRE ACTIONS ETHIQUES 73.475
LBPAM ACTIONS ISR MONDE 100.000
CNP ASSURANCES SA 93.903.921
CAAM ACTIONS INTERNATIONALES 455.487
FCP ATOUT PULSACTIONS 2.321.919
ATOUT FRANCE 2.067.894
FCPE DYNAMIQUE JAS HENNESSY & CO 5.481
FCPE AMUNDI RESA ACTIONS EUROPE 177.753
FCPE AMUNDI RESA DYNAMIQUE 316.759
FCPE AMUNDI RESA EQUILIBRE 325.258
FCPE AMUNDI RESA PRUDENT 93.201
A.A.-IDEAM-ISR 62.600
FCP CRN SOGE ACTIONS 250.478
PROTEIN 2 423.909
FCP DRAKKAR 28.12.2011 19.866
FCPE FODIV 64.052
SAFRAN MIXTE 45.515
FCPE IMPACT ISR PERFORMANCE 310.287
FCP GRD 18 6.244.839
FCP RSRC DIVERSIFIE 385.217
FCP RSI EURO P 6.081.200
FCPE SAFRAN DYNAMIQUE 192.288
EGEPARGNE 2 1.600.030
HYDRO ONE PENSION PLAN . 561.040
TDX INDEPENDENCE 2020 EXCHANGETRADED FUND 12.335
ING BM 1 ING FINANCIALS FD 766.401
NORTHERN MARIANA ISLANDS RETIREMENT FUND 200.749
AGENTE:BP2S SINGAPORE/HOUR GLASS INTERNAT SHARE SECTOR TRUST 1.132.065
AGENTE:BP2S SINGAPORE/HOUR GLASS INDEXED INT SHARED SECT TRUST 232.556
AGENTE:BNP PARIBAS 2S-PARIS/FCP VH CAAM ACTIONS 250.000
AGENTE:NORTHERN TRUST -LO/HOUSEHOLD INC. 811.288
AGENTE:NORTHERN TRUST -LO/TAYLOR WOODROW GROUP PEL ASSURANCE 289.452
AGENTE:NORTHERN TRUST -LO/NORTEL NETWORKS LONG-TERM INVESTMENT PLA 370.147
AGENTE:NORTHERN TRUST -LO/HARVEY HUBBELL INC MSTR PENS TRUST 96.327
AGENTE:NORTHERN TRUST -LO/SCHLUMBERGER UK COMMON INVESTM FUND 1.005.705
AGENTE:RBC DEXIA INVESTOR S/AIR LIQUIDE CANADA INC CANAD MASTER TR 201.701
AGENTE:NORTHERN TRUST -LO/MEMPHIS GAS LIGHTEWATER RETIR.EPENSI 334.660
AGENTE:UBS AG -ZURICH/ORGANISATION EUROPEENNE DE RECHERCHE NUCLEAIRE CERN (CAISSE 188.231
DE PENSION)
AGENTE:BP2S SINGAPORE/FUTURE DIRECT CORE INTERN SHARE FUND 2 3.210.000
AGENTE:PICTET & CIE(EUROPE)/CADMOS FUND MANAGEMENT-GUILE EMERGING MARKETS 150.000
ENGAGEMENT FUND
AGENTE:BQUE FEDERATIVE-STR/OTIS EP DIVERSIFIE SOLIDAIRE 84.046
AGENTE:JP MORGAN BANK LUXEM/MORGAN STANLEY INVESTMENT FUNDS 253.609
AGENTE:JP MORGAN BANK LUXEM/JPMORGAN INVESTMENT FUNDS 4.371.473
FCP ERAFP ACTIONS INTERNATIONALES II SSGA 299.990
CAISSE DES DEPOTS ET CONSIGNATION 27.475.069
AGENTE:JP MORGAN CHASE BANK/EMPLOYEES RETIREMENT SYSTEM OF TEXAS. 2.467.192
AGENTE:JP MORGAN CHASE BANK/JEFFREY LLC 581.000
AGENTE:JP MORGAN CHASE BANK/AUSTRALIAN REWARD INVESTMENT ALLIANCE 215.881
AGENTE:JP MORGAN CHASE BANK/TEMPLETON WORLD FUND 17.176.000
pag. 18

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
APG-IS GLOBAL SUSTAINABILITY FUND 159.785
STICHTING BEWAARNEMING APG-IS2 193.645
CIBC BANK AND TRUST COMPANY CAYMAN LIMITED GEORGETOWN 830.800
AGENTE:JP MORGAN CHASE BANK/STATES OF JERSEY PUBLIC EMPLOYEES CONTRIBUTORY 1.088.119
RETIREMENT SCHEME
PUBLIC SCHOOL RETIREMENT SYSTEMOF THE CITY OF ST.LOUIS 292.044
THE CITY OF NEW YORK GROUP TRUST 7.763.809
US BANK BR OMNI PENSION 32.341
US BANK BR OMNITAXABLE 9.313
TDX INDEPENDENCE 2010 EXCHANGETRADED FUND 2.261
TDX INDEPENDENCE INTARGET EXCHANGEDTRADED FUND 5.194
TDX INDEPENDENCE 2040 EXCHANGETRADED FUND 15.830
PICTET NON-US EQUITY OFFSHORE MAST 1.566.493
LIBERTY BANK 94.065
AGENTE:JP MORGAN CHASE BANK/TFL PENSION FUND 1.962.162
AGENTE:BROWN BROTHERS HARR/BBH B FOR TMTBJ RE: MUTB400037270 135.444
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA WEALTH WEIGHTED GLOBAL EQUITIES 349.164
INDEX NL TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA INTERNATIONAL EQUITIES INDEX NL TRUST 203.974
AGENTE:STATE STREET BANK AND TRUST COMPANY/ARCHITAS MULTI-MANAGER (SA) UNIT TRUST 2
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALASKA COMMON TRUST FUND 253.193
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM ASSET ALLOCATION: EQUITY PORTFOLIO 21.018
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE FARM MUTUAL FUND TRUST, 257.555
INTERNATIONAL INDEX FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/MASSMUTUAL SELECT OVERSEAS FUND 512.975
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE STARR FOUNDATION 100.585
AGENTE:STATE STREET BANK AND TRUST COMPANY/SC ALLIANCEBERNSTEIN INTERNATIONAL VALUE 242.068
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/OHIO NATIONAL FUND INC - INTERNATIONAL 210.000
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/WUT42 424.200
AGENTE:STATE STREET BANK AND TRUST COMPANY/LAUDUS MONDRIAN GLOBAL EQUITY FUND 17.493
AGENTE:STATE STREET BANK AND TRUST COMPANY/SCHWAB INTERNATIONAL EQUITY ETF 860.571
AGENTE:STATE STREET BANK AND TRUST COMPANY/SANFORD C. BERNSTEIN GLOBAL STRATEGIC 246.000
VALUE FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN GLOBAL STYLE BLEND 25.100
(CAD HALF-HEDGED) FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN GLOBAL VALUE FUND 310.065
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN INTERNATIONAL VALUE 10.012.070
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/EATON VANCE TAX-MANAGED GLOBAL 2.422.488
BUY-WRITE OPPORTUNITIES FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/EATON VANCE STRUCTURED INTERNATIONAL 7.112
EQUITY FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK TRUST INTERNATIONAL INDEX 2.516.990
TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/FIDELITY INVESTMENT TRUST: FIDELITY SERIES 12.866.700
INTERNATIONAL VALUE
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE UNIVERSITY OF IOWA FOUNDATION 319.820
AGENTE:STATE STREET BANK AND TRUST COMPANY/WELLS FARGOMASTER TRUST DIVERSIFIED 1.176.933
STOCK PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/WELLS FARGO MASTER TRUST INTERNATIONAL 34.858
INDEX PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/BERNSTEIN GLOBAL VALUE EQUITIES TRUST 395.700
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM RETIREMENT ADVANTAGE GAA 90.003
GROWTH PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM RETIREMENT ADVANTAGE GAA 56.872
BALANCE PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM RETIREMENT ADVANTAGE GAA 9.581
CONSERVATIVE PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM RETIREMENT ADVANTAGE GAA EQUITY 21.358
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/METZLER INVESTMENT GMBH FOR MI-FONDS 415 2.526.811
AGENTE:STATE STREET BANK AND TRUST COMPANY/ELLEN MORRIS FAMILY NOMINEE AGREEMENT A 1.940
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE HARTFORD DIVERSIFIED INTERNATIONAL 7.855
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM TOTAL RETURN FUND, LLC 88.463
AGENTE:STATE STREET BANK AND TRUST COMPANY/WHOLESALE GLOBAL EQUITY - VALUE FUND 4.005.400
AGENTE:STATE STREET BANK AND TRUST COMPANY/PACIFIC SELECT FUND INTERNATIONAL VALUE 7.409.665
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/GREYSTONE EAFE QUANTITATIVE FUND 2.114.494
AGENTE:STATE STREET BANK AND TRUST COMPANY/CHEVRON MASTER PENSION TRUST 581.400
AGENTE:STATE STREET BANK AND TRUST COMPANY/MASSMUTUAL SELECT DIVERSIFIED 631.050
INTERNATIONAL FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/SANFORD C. BERNSTEIN FUND, INC. - OVERLAY A 469.100
pag. 19

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN COLLECTIVE INVESTMENT 3.871.201
TRUST SERIES
AGENTE:STATE STREET BANK AND TRUST COMPANY/WHOLESALE GLOBAL EQUITY - INDEX FUND 328.699
(UNHEDGED)
AGENTE:STATE STREET BANK AND TRUST COMPANY/MUNDER INTERNATIONAL EQUITY FUND 128.951
AGENTE:STATE STREET BANK AND TRUST COMPANY/NORTHROP GRUMMAN CORPORATION VEBA 30.314
MASTER TRUST I
AGENTE:STATE STREET BANK AND TRUST COMPANY/DESJARDINS GLOBAL EQUITY VALUE FUND 588.700
AGENTE:STATE STREET BANK AND TRUST COMPANY/KAISER FOUNDATION HOSPITALS 1.125.420
AGENTE:STATE STREET BANK AND TRUST COMPANY/KAISER PERMANENTE MASTER TRUST 627.983
AGENTE:STATE STREET BANK AND TRUST COMPANY/SANFORD C. BERNSTEIN FUND, INC. - 5.131.555
INTERNATIONAL PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/BAXTER INTERNATIONAL INC. AND SUBSIDIARIES 678.840
PENSION TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK LIFE AND HEALTH INSURANCE 429.744
COMPANY
AGENTE:STATE STREET BANK AND TRUST COMPANY/VALIC COMPANY I - INTERNATIONAL EQUITIES 422.698
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/VALIC COMPANY I-INTERNATIONAL GROWTH I 1.034.850
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK CDN MSCI EAFE INDEX PLUS FUND 752.156
AGENTE:BANK OF IRELAND -DU/NEW IRELAND ASSURANCE CO PLC 181.220
AGENTE:NORTHERN TR GLB SERV/STICHTING PENSIOENFONDS SDB 168.965
AGENTE:NORTHERN TR GLB SERV/HAMPSHIRE COUNTY COUNCIL PENSION FD 1.420.920
AGENTE:NORTHERN TRUST -LO/UNILEVER UK PENSION FUND 31.740
AGENTE:NORTHERN TRUST -LO/BELLSOUTH ADVERTISING AND PUBLISHING 16.100
AGENTE:NORTHERN TRUST -LO/CHICAGO TRANSIT AUTHORITY RETIREE HEALTH 183.704
AGENTE:NORTHERN TRUST -LO/CLEARWATER INTERNATIONAL FUND 251.615
AGENTE:NORTHERN TRUST -LO/GRIFFIN FAMILY TRUST 36.890
AGENTE:NORTHERN TRUST -LO/JOANNE COTSEN TRUST B 10.353
AGENTE:NORTHERN TRUST -LO/MACKENZIE 1995 TRUST DTD JULY 21, 1995 45.000
AGENTE:NORTHERN TRUST -LO/STEPHAN J. GEBERT 48.414
AGENTE:NORTHERN TRUST -LO/VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIAT 46.509
AGENTE:NORTHERN TRUST -LO/1982 SMITH TRUST 78.841
AGENTE:NORTHERN TRUST -LO/HASLAM FAMILY INVESTMENT PARTNERSHIP 46.500
AGENTE:NORTHERN TRUST -LO/MUNICIPAL EMP ANNUITY E BEN FD CHICA 263.245
AGENTE:NORTHERN TRUST -LO/CITY OF AUSTIN EMPLOYEES RETIR SYSTE 544.020
AGENTE:NORTHERN TRUST -LO/INCOME TRUST: FIDELITY S GLOBAL EX US I 250.383
AGENTE:NORTHERN TRUST -LO/THE ONEIDA TRIBE OF INDIANS OF WISCONSIN 13.540
AGENTE:NORTHERN TRUST -LO/RONALD AND JOYCE NELSON 27.800
AGENTE:NORTHERN TRUST -LO/RBS LEGAL E GENERAL INTL INDEX TRUST 235.083
AGENTE:NORTHERN TRUST -LO/EMERSON ELECTRIC UK PENSION PLAN 186.550
AGENTE:NORTHERN TRUST -LO/GEORGE WIMPEY STAFF PENSION SCHEME 147.105
AGENTE:NORTHERN TRUST -LO/MOLINS UK PENSION FUND 59.640
AGENTE:NORTHERN TRUST -LO/THE QINETIQ PENSION SCHEME 349.045
AGENTE:RBC DEXIA INVESTOR S/ALGOMA STEEL INC MASTER TRUST II 343.600
AGENTE:RBC DEXIA INVESTOR S/ALBERTA TEACHERS RETIREMENT FUND BRD 972.623
AGENTE:RBC DEXIA INVESTOR S/THE AMERICAN FED OF M&E PENS WELF FD 253.700
AGENTE:RBC DEXIA INVESTOR S/PENSION PLAN FOR EMPL BRIST MAYER SQUIBB 43.700
AGENTE:RBC DEXIA INVESTOR S/BOMBARDIER TRUST(CANADA) GLOBAL EQUIT FU 237.800
AGENTE:RBC DEXIA INVESTOR S/DIAGEO CANADA INC 126.800
AGENTE:RBC DEXIA INVESTOR S/DOFASCO SUPPLEMENTARY RET INCOME PL 913.700
AGENTE:RBC DEXIA INVESTOR S/THE GREAT-WEST LIFE ASSURANCE COMPAN 465.323
AGENTE:RBC DEXIA INVESTOR S/REGIME DE RETRAITE D HYDRO QUEBEC 301.600
AGENTE:RBC DEXIA INVESTOR S/CCEL GLOBAL FINANCIALS FUND II 193.128
AGENTE:RBC DEXIA INVESTOR S/MANULIFE INTERNATIONAL EQUITY (83) 542.637
AGENTE:RBC DEXIA INVESTOR S/MANULIFE INTERNATIONAL EQUITY INDEX FUND 139.246
AGENTE:RBC DEXIA INVESTOR S/COPERNICAN WORLD BANKS SPLIT INC 60.000
AGENTE:RBC DEXIA INVESTOR S/COPERNICAN INTERNATIONAL FINANCIAL SPLI 170.000
AGENTE:RBC DEXIA INVESTOR S/ABR POLICIERS DE LA VILLE MONTREAL 306.353
AGENTE:RBC DEXIA INVESTOR S/THE PHYSICIAN SERVICES INCORPORATED FOUN 78.037
AGENTE:RBC DEXIA INVESTOR S/PUBLIC EMPLOYEES PENSION PLAN 164.910
AGENTE:RBC DEXIA INVESTOR S/CCC REG DE CADRES DE LA VILLE MONTREAL 618.766
AGENTE:RBC DEXIA INVESTOR S/UNIVERSITY OF VICTORIA FOUNDATION 124.000
AGENTE:BNP PARIBAS 2S-PARIS/OFI LEADER 871.084
AGENTE:BNP PARIBAS 2S-PARIS/FCP NF COLLINES IN 1.621.032
AGENTE:BNP PARIBAS 2S-PARIS/FCP AIR FRANCE IFC 68.368
AGENTE:BNP PARIBAS 2S-PARIS/ELECTRIC & GENERAL INVESTMENT TRUST 1.891.651
AGENTE:BP2S LUXEMBOURG/BPI GLOBAL INVESTMENT FUND 216.114
AGENTE:MIZUHO TRUST BKG-LUX/TRUST E CUSTODY SERVICES BANK LTD 7.473.919
AGENTE:SUMITOMO TRUST&BANKG/JAPAN TRUSTEE SERVICES BANK,LTD INV.FUND 96.646
AGENTE:BP2S SINGAPORE/AUSTRALIAN GOVERNMENT EMPL SUPERAN TRUS 433.600
AGENTE:BNP PARIBAS 2S-PARIS/HENDERSON GLOBAL FINANCIAL FUND 682.266
pag. 20

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
AGENTE:HSBC BANK PLC/GARTMORE EUROPEAN SELECTED OPPORTUNI 4.844.390
AGENTE:HSBC BANK PLC/FRIENDS PROVIDENT PENSIONS LIMITED 1.399.336
RICHIEDENTE:CBNY, S/A WILMINGTON MUL INT FUND/WILMINGTON MULTI MANAGER 46.703
INTERNATIONAL FUND
RICHIEDENTE:CBLDN S/A CIP-DEP AVIVA INVESTORS NORWICH UNION/AVIVA INVESTORS BALANCED 37.655
MANAGED FUND
SKANDINAVISKA ENSKILDA BANKEN SA 1.620.676
AGENTE:JP MORGAN CHASE BANK/SCHRODER GLOBAL DYNAMIC BLEND FUND 950.311
AGENTE:JP MORGAN CHASE BANK/BLACKROCK ASSET MANAGEMENT PENSIONS LIMITED 1.398.966
AGENTE:JP MORGAN CHASE BANK/SCHRODER DIVERSIFIED GROWTH FUND 712.244
AGENTE:JP MORGAN CHASE BANK/NATIONWIDE INTERNATIONAL VALUE FUND 622.395
AGENTE:JP MORGAN CHASE BANK/SCHRODER QEP GLOBAL CORE FUND 672.019
PENSIONSKASSERNES ADMINISTRATION AS 502.253
AFFINITY HEALTH SYSTEM RETIREMENT PLAN 58.015
ONTARIO PENSION BOARD . 1.198.800
PROMEDICA HEALTH SYSTEM . 216.795
VIRGINIA RETIREMENT SYSTEM . 6.365.027
EDUCATIONAL EMPLOYEES` SUPP. RET. SYSTEM OF FAIRF 571.865
TEXAS EDUCATION AGENCY . 3.822.185
ONTARIO POWER GENERATION INC . 554.810
RUSSELL OVERSEAS EQUITY FUND . 1.078.200
TEACHERS` RETIREMENT ALLOWANCESFUND 541.408
PUROLATOR COURIER LTD. MASTER TRUST FUND 218.700
EAFE EQUITY FUND . 981.218
UBS CANADA DYNAMIC ALPHA STRATEGY FUND 10.986
REVISED PENSION PLAN OF QUEEN`SUNIVERSITY 19.602
GOLDMAN SACHS FOUNDATION . 132.149
ACHMEA UNIT LINKED BELEGGINGSFONDSEN 349.080
STICHTING PENSIOENFONDS VAN DE ABN AMBRO BANK N.V. 3.001.970
GOODRICH (UK) PENSION SCHEME 201.780
DERBYSHIRE COUNTY COUNCIL SUPERANNUATION FUND 3.734.098
DOW UK PENSION PLAN . 91.315
AN POST SUPERANNUATION SCHEME . 453.967
OXFORDSHIRE COUNTY COUNCIL PENSION FUND 842.000
SOMERSET COUNTY COUNCIL PENSIONFUND 445.896
WOLSELEY GROUP RETIREMENT BENEFITS PLAN 235.370
RAVGDT DIVERSIFIE I ALLIANZ GLOBAL INVES 400.000
FCP VILLIERS DIVERSIFIE AMUNDI 1.645.737
GRD IFC 97 239.665
CAAM ACTIONS RESTRUCTURATIONS 621.169
GRD 3 885.399
SICAV AMUNDI ACTIONS EUROPE ASIE 350
SICAV AMUNDI SELECT FRANCE 1.605.709
GRD ACTIONS ZONE EURO 289.808
FCP AMUNDI INDEX USA 3.442
ATOUT MODERACTIONS 1.696.714
FCPE AMUNDI RESA ESG ACTIONS EURO 1.362.781
FCP ALTIBEST 422.249
FCP GRD 19 77.690
I.P.I.E.E.S. 58.580
FCP LCL GARANTI 100 426.427
FCP EXPANSIA 2 25.512.480
FCP MATMUT ACTIONS EURO 800.000
UFF TEMPO PEA 895.019
COVEA FINANCE CROISSANCE 184.000
BOISSY ORIZON DURABLE 29.620
FCP COVEA FINANCE ACTIONS EUROPE INSTIT II 5.182.773
FCP REUNICA UB3 2.743.558
AA UBS ACTIONS EURO 5.490.452
FCP BOURBON 8 664.170
FCP COVEA FINANCE ACTI EUROPE 429.220
CROISSANCE DIVERSIFIE 6.964
FCP NATIXIS IONIS 91.951
FCP CNP GGR 96.721
FCPE FCP REGULIER AIR LIQUIDE DEVELOPPEMENT 16.986
FCPE NATIXIS AVENIR MIXTE SOLIDAIRE 12.945
STRUCTURA-ASYMMETRY EUROPE EQUITIES 154.868
STRUCTURA - SMART EURO EQUITIES 31.380
MULTILATERAL INVESTMENT GUARANTEE AGENCY 27.157
GVC GAESCO VALORES SV SA 146.875
NORTHWEST NATURAL GAS COMPANY RETIREMENT TRUST 43.010
PRINCIPAL FUNDS INC-DIVERSIFIED INTERNATIONAL FUND 3.418.702
AXA BELGIUM 224.323
AVIVA UKGI INVESTMENTS LIMITED 866.402
pag. 21

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
DESERET HEALTHCARE EMPLOYEE BENEFIT TRUST 10.200
INTERNATIONAL TRUCK AND ENGINE CORPORATIONRETIREE SUPPLEMENTAL BENEFIT TRUST 243.650
PRINCIPAL FUNDS INC- INTERNATIONAL GROWTH FUND 205.383
PNC BANK N.A. 25.720
PRINCIPAL VARIABLE CONTRACTS FUNDS INC- INTERNATIONAL EMERGING MARKETS ACCOUNT 912.543
TEMPLETON GLOBAL INVESTMENT TRUST TEMPLETON INCOME FUND 2.563.505
CONSTRUCTION AND BUILDING UNIONS SUPERANNUATION FUND 532.057
MASTER INVESTMENT TRUST FOR DEFINED BENEFIT PLANS OF HAWAIIAN AIRLINES INC 161.990
ING GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND 89.687
AK STEEL CORPORATION MASTER PENSION TRUST 86.663
NON-US EQUITY MANAGERS PORTFOLIO 1 SERIES 575.603
THE PRUDENTIAL INVESTMENT PORTFOLIOS INCDRYDEN ACTIVE ALLOCATION 20.383
BNYMTD (UK) LTDAS TSTEE OF CF CANLIFE EUROPEAN UNIT TRUST 1.728.846
BNYMTD (UK) LTD AS TSTEE OF CF CANLIFE INTERNATIONAL GROWTH UNIT 911.152
WISDOMTREE DEFA FUND 278.958
WISDOMTREE INTERNATIONAL LARGECAP DIVIDEND 162.250
THE ACCBANK DEFINED BENEFIT PENSION SCHEME 181.930
WINCANTON PLC PENSION SCHEME 67.195
PS FTSE RAFI DEVEL MAR EXUS PORT 751.975
TDX INDEPENDENCE 2030 EXCHANGE TRADED FUND 20.155
POWERSHARES GLOBAL FUNDS IRELAND PUBLIC LIMITED COMPANY 469.710
WALTER E. DISNEY FAMILY TRUST UNDER WILL 50.899
WISDOMTREE INTERNATIONAL HEDGEDEQUITY FUND 12.597
INVESCO PERPETUAL EUROPEAN EQUITY INCOMETRUST 743.106
INVESCO PERPETUAL EUROPEAN HIGHINCOME FUND 52.177
INVESCO PERPETUAL EUROPEAN EQUITY FD 10.485.737
MACOMB COUNTY EMPLOYEES RETIREMENT SYSTEM 79.543
ING EURO STOXX 50 INDEX PORTFOLIO 5.059.042
INVESCO FUNDS SERIES 482.319
UNIPENSION INVEST FMBA EUROPAEISKE AKTIER 1.085.297
UNIPENSION INVEST FMBA GLOBAL AKTIER II 352.323
PRINCIPAL FUNDS INC.-INTERNATIONAL EQUITY INDEX FUND 550.632
STATE PUBLIC SECTOR SUPERANNUATION SCHEME 2.579.059
AQR GLOBAL ENHANCED EQUITY FUND 26.481
VICTORIAN MANAGED INSURANCE AUTHORITY 99.600
GOLDMAN SACHS INSTITUTIONAL FUNDS PLC 126.853
ING FUNDS SERVICES, LLC 43.443
AMUNDI LUXEMBOURG 3.166.799
SUN TRUST BRANDES SUN TRUST BANKS 250.255
THE NORTHWESTERN MUTUAL LIFE INS.COMPANY GASA EQUITY 273.141
THE NORTHWESTERN MUTUAL LIFE INS.COMPANY FOREIGN EQUITY 844.588
NORTHWESTERN MUTUAL SERIES FUND INC INT. GROWTH PORTFOLIO 922.591
NORTHWESTERN MUTUAL SERIES FUND INC INT EQUITY PORTFOLIO 2.143.121
NATIXIS AM 2.229.125
FIRST INVESTORS GLOBAL FUND INC 50.961
GLOBAL FINANCIAL SERVICES MASTER TRUST 163.400
MERRILL LYNCH GLOBAL ALLOCATION FUND INC 26.025.120
PICTET INTERNATIONAL EQUITY FUND LLC 2.024.081
WOE ALLIANCE BERNSTEIN 78.600
METROPOLE DIVERSIFIE METROPOLEGESTION 2.000.000
ACMBERNSTEIN FCP 669.500
SOCIETE GENERALE GESTION 1.242.122
TT INTERNATIONAL FUNDS PLC TT EUROPE EX UK EQUITY FUND 3.636.325
MERRILL LYNCH GLOBAL ALLOCATION FUND 307.180
MERRILL LYNCH GLOBAL ALLONCATION FUND 4.273.470
ACM GLOBAL INVESTMENTS GLOBAL WEALTH STRATEGY GLOBAL C PORT. 4.995.988
MERRILL LYNCH INVESTMENT MANAGERS 1.130.880
SEI TT INTERNATIONAL EUROPE EX UK EQUITY POOL 2.598.624
SEI JP MORGAN INTERNATIONAL EUROPE EX UK EQUITY POOL 3.150.000
EPARGNE RETRAITE INTERNATIONAL 683.057
TT INTERNATIONAL FUNDS PLC TT EUROPEAN EQUITY FUND 394.247
AGIF 200.000
ACMGI EUROPEAN VALUE 632.769
CHILDREN S HEALTHCARE OF ATLANCA INC 405.763
HARTFORD INTERNATIONAL GLOBAL EQUITY EX J. INDEX FUND 1.396.313
OFI FLEX CO OFI ASSET MANAGEMENT 413.771
JANUS CAPITAL FUND PLC JANUS EUROPEAN RESEARCH FUND 45.783
OFI AM 254.431
MASS MUTUAL SELECT GLOBAL ALLOCATION FUND 288.580
ABEX LIMITED 60.075
AGENTE:JP MORGAN CHASE BANK/AVIVA STAFF PENSION TRUSTEE LIMITED AS TRUSTEE OF AVIVA 162.939.698
STAFF PENSION SCHEME
AGENTE:DANSKE BANK S/A/LPIP, AKT EUROPA II(INDEKSPORTEF C/O NYKREDIT PORTEFOLJE ADM. A/S 1.426.190
AGENTE:DANSKE BANK S/A/LPI AKTIER EUROPA C/O NYKREDIT PORTEFOLJE ADM. A/S 71.704
pag. 22

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
AGENTE:DANSKE BANK S/A/LPIP, AKT GLOBALE II(AKTIV FOR C/O NYKREDIT PORTEFOLJE ADM. A/S 327.839
AGENTE:DANSKE BANK S/A/LPI AKTIER GLOBALE V C/O NYKREDIT PORTEFOLJE ADM. A/S 37.445
AGENTE:DANSKE BANK S/A/F.M.B.A.PENSION EQUITY INVEST I C/O OPERATIONS 112.053
AGENTE:BROWN BROTHERS HARR/HONG KONG JOCKEY CLUB CHARITIES TRUST-WE 37.853
AGENTE:BROWN BROTHERS HA-LU/WELLINGTON MNGMNT PORTFOLIOS GLB CONTRAR 67.735
AGENTE:BROWN BROTHERS HA-LU/WELLINGTON MNGMT PORTF LUX III DIVERSIFI 26.070
AGENTE:BROWN BROTHERS HA-LU/F+C FUND 1.696.697
AGENTE:BROWN BROTHERS HA-LU/ING DIRECT 250.753
AGENTE:BROWN BROTHERS HARR/FPP GLOBAL ENDEAVOUR DEVELOPED MARKETS F 2.449
AGENTE:BROWN BROTHERS HARR/PYRAMIS GLOBAL EX US INDEX FUND LP 230.320
AGENTE:BROWN BROTHERS HARR/SCHWAB FUNDAMENTAL INTER LARGE COMP IN FUND 1.072.961
AGENTE:BROWN BROTHERS HARR/NATIONAL AUTOMATIC SPRINKLER INDUSTRY PENSION FUND 519.485
(TRILOGY)
AGENTE:BROWN BROTHERS HARR/3 TO 1 DIVERSIFIED EQUITY FUND 141.207
AGENTE:BROWN BROTHERS HARR/HUNTINGTON NATIONAL BANK INTERN EQ FUND 1.100.000
AGENTE:BNP PARIBAS 2S-PARIS/FCPE MULTIPAR ACTS SR 266.775
AGENTE:BNP PARIBAS 2S-PARIS/PRADO ACTIONS 1.967.789
AGENTE:BNP PARIBAS 2S-PARIS/ETHIS VALEURS 474.835
AGENTE:BNP PARIBAS 2S-PARIS/ETHIS VITALITE` 44.952
AGENTE:BNP PARIBAS 2S-PARIS/MULTIPAR SOLIDAIRE DYNA SR 168.139
AGENTE:BNP PARIBAS 2S-PARIS/OMEGA DIVERISFIE 118.362
AGENTE:BNP PARIBAS 2S-PARIS/OFI NEMO 1.400.000
AGENTE:BNP PARIBAS 2S-PARIS/OFI CIBLE 1.586.400
AGENTE:BNP PARIBAS 2S-PARIS/ALPHA DIVERSIFIE 70.911
AGENTE:BPSS -FRANKFURT/WIN FONDS III 397.900
AGENTE:BP2S LUXEMBOURG/CSA L EQUITY WORLD 2.647
AGENTE:BP2S SINGAPORE/INSURANCE COMMISSION OF WETERN AUSTRALIA 66.777
AGENTE:BQUE FEDERATIVE-STR/FCP SCORE SAXE 10.000
AGENTE:BQUE FEDERATIVE-STR/FCP ES DYNAMIQUE 598.287
AGENTE:BQUE FEDERATIVE-STR/FCP SUD EST ELITE EQUILIBRE 40.000
AGENTE:BQUE FEDERATIVE-STR/FCP SUD EST ELITE DYNAMISME 60.000
AGENTE:BQUE FEDERATIVE-STR/FCP PERRIER INVESTISSEMENT 10.000
AGENTE:BQUE FEDERATIVE-STR/FCP GESTION VALEUR MOBILIERE 10.000
AGENTE:BQUE FEDERATIVE-STR/FCP GESTION SECURITE DYNAMISME 30.000
AGENTE:BQUE FEDERATIVE-STR/FCP COMTE 20.000
AGENTE:JP MORGAN CHASE BANK/HELABA INVEST KAPITALANLAGENG ESELLSCHAFT MBH 100
AGENTE:NORTHERN TRUST -LO/MARY K MC QUISTON MCCAW 13.900
AGENTE:NORTHERN TRUST -LO/THE MASTER TRUST BANK OF JAPAN 90.257
AGENTE:NORTHERN TRUST -LO/NT GLOBAL INVESTMENT COLL FUNDS 16.246.312
AGENTE:NORTHERN TRUST -LO/THE HY-VEE AFFILIATES 401 K PLAN 144.224
AGENTE:NORTHERN TRUST -LO/EDWARD E ANNA MITCHELL FAMILY FOUNDA 1.500
AGENTE:NORTHERN TRUST -LO/CABLE & WIRELESS RETIREMENT PLAN 54.113
AGENTE:NORTHERN TRUST -LO/STICHTING PENSIOENFONDS VAN DE METALEKTR 346.892
AGENTE:NORTHERN TRUST -LO/LONDON BOROUGH OF LEWISHAM PENSION 609.040
AGENTE:NORTHERN TRUST -LO/EXELON CORPORATION PENSION MASTER RETIRE 310.692
AGENTE:NORTHERN TRUST -LO/EMPLOYEES RET FUND - CITY OF DALLAS 597.677
AGENTE:NORTHERN TRUST -LO/UFCW LOCAL 152 RETAIL MEAT PENSION FD 93.351
AGENTE:NORTHERN TRUST -LO/INTERNATIONAL EQUITY PARTNERS 140.313
AGENTE:NORTHERN TRUST -LO/NORTHERN TRUST NON-UCITS COMMON CONTRACT 18.428
AGENTE:NORTHERN TRUST -LO/FIDELITY INVEST INTL VALUD FD 488.009
AGENTE:NORTHERN TRUST -LO/FIDELITY ADVISOR SERIES VIII: FIDELITY ADVISOR OVERSEAS FUND 1.621.394
AGENTE:NORTHERN TRUST -LO/PENSION PLAN TRUST FUND 852.554
AGENTE:UBS LUXEMBOURG SA/UBS FUND MANAGEMENT (LUXEMBOURG) S.A. 36.606.214
AGENTE:UBS LUXEMBOURG SA/UBS (LUX) EQUITY FUND - EURO COUNTRIES 14.407.864
AGENTE:UBS LUXEMBOURG SA/UBS (LUX) EQUITY SICAV 2.323
AGENTE:UBS LUXEMBOURG SA/UBS (LUX) STRATEGY FUND 224.859
AGENTE:UBS LUXEMBOURG SA/UBS FUND MANAGEMENT (LUXEMBOURG) S.A 123.020
AGENTE:UBS LUXEMBOURG SA/UBS (LUX) STRATEGY XTRA SICAV 139.066
AGENTE:NORTHERN TR GLB SERV/SYNTRUS ACHMEA MULTI MANAGER POOL EUROPE 1.733.282
AGENTE:JP MORGAN CHASE BANK/THE MASTER TRUST BANK OF JAPAN, LTD AS TRUSTEE FOR 14.769
MORGAN STANLEY DEVELOPED
AGENTE:JP MORGAN CHASE BANK/JAPAN TRUSTEE SERVICES BANK LTD AS TRUST 1.173.293
AGENTE:JP MORGAN CHASE BANK/RETIREMENT PLAN FOR EMPLOYEES OF AETNA I 786.905
AGENTE:JP MORGAN CHASE BANK/VINSON & ELKINS LLP RETIREMENT PLANS MAS 48.477
AGENTE:JP MORGAN CHASE BANK/JPMORGAN INTERNATIONAL VALUE SMA FUND 2.810.688
AGENTE:JP MORGAN CHASE BANK/SMA RELATIONSHIP TRUST-SERIES A 11.590
AGENTE:JP MORGAN CHASE BANK/AMERICAN SAFETY RAZOR COMPANY MASTER TRU 76.015
AGENTE:JP MORGAN CHASE BANK/SCHRODER INTERNATIONAL DIVERSIFIED VALUE 6.271
AGENTE:JP MORGAN CHASE BANK/WINDSTREAM MASTER TRUST 128.700
AGENTE:JP MORGAN CHASE BANK/GENERAL CABLE CORPORATION MASTER RETIREM 32.000
AGENTE:JP MORGAN CHASE BANK/PUBLIC EMPLOYEES RETIREMENT ASSOCIATION 277.929
AGENTE:JP MORGAN CHASE BANK/COMMINGLED PENSION TRUST FUND (GLOBAL OP 609.757
AGENTE:JP MORGAN CHASE BANK/BOMBARDIER TRUST U.S. MASTER TRUST 222.740
AGENTE:JP MORGAN CHASE BANK/RETIREMENT INCOME PLAN OF SAUDI ARABIAN 138.678
pag. 23

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
AGENTE:JP MORGAN CHASE BANK/PENN SERIES DEVELOPED INTERNATIONAL INDE 67.994
AGENTE:JP MORGAN CHASE BANK/JPMORGAN INTERNATIONAL OPPORTUNITIES PLU 15.495
AGENTE:JP MORGAN CHASE BANK/UBS MARKET NEUTRAL MULTI-STRATEGY FUND 8.433
AGENTE:JP MORGAN CHASE BANK/ENTERGY SERVICES INC. RETIREMENT PLANS M 77.404
AGENTE:JP MORGAN CHASE BANK/WEST SUBURBAN RETIREMENT INCOME PLAN 9.321
AGENTE:JP MORGAN CHASE BANK/RESURRECTION HEALTH CARE PENSION PLAN 39.980
AGENTE:JP MORGAN CHASE BANK/RESURRECTION HEALTH CARE 69.619
AGENTE:JP MORGAN CHASE BANK/GLORYA KAUFMAN MARITAL TRUST 12.922
AGENTE:JP MORGAN CHASE BANK/GENTLENESS LLC 14.855
AGENTE:JP MORGAN CHASE BANK/MMA PRAXIS INTERNATIONAL INDEX FUND 14.781
AGENTE:JP MORGAN CHASE BANK/GRAND LODGE OF PENNSYLVANIA CONSOLIDATED 281.507
AGENTE:JP MORGAN CHASE BANK/F&C INSTITUTIONAL INVESTMENT FUNDS ICVC 1.839.153
AGENTE:JP MORGAN BANK LUXEM/JPMORGAN FUNDS EUROPE DYNAMIC SMALL CAP FUND 317.952
AGENTE:JP MORGAN BANK LUXEM/JPMORGAN TOKYO FUND, FCP 2.811.070
AGENTE:JP MORGAN BANK LUXEM/SCHRODER INTERNATIONAL SELECTION FUND 4.842.644
AGENTE:JP MORGAN BANK IRELA/SANLAM UNIVERSAL FUNDS PUBLIC LIMITED CO 19.775
AGENTE:JP MORGAN BANK IRELA/VANGUARD INVESTMENT SERIES, PLC 1.265.038
AGENTE:JP MORGAN CHASE BANK/SHELL TRUST (BERMUDA) LTD AS TRUSTEE OF THE SHELL OVERSEAS 200.944
C.P. FUND
AGENTE:JP MORGAN CHASE BANK/INTECH INTERNATIONAL SHARES HIGH OPPORTU 259.345
AGENTE:JP MORGAN CHASE BANK/UBS EUROPEAN EQUITY FUND 1.494.277
AGENTE:JP MORGAN CHASE BANK/UBS DYNAMIC ALPHA STRATEGIES MASTER FUND 389.809
AGENTE:JP MORGAN CHASE BANK/LABOR PENSION FUND SUPERVISORY COMMITTEE 224.980
AGENTE:JP MORGAN CHASE BANK/ROCKEFELLER & CO., INC 1.187.520
AGENTE:JP MORGAN CHASE BANK/CAYMAN ISLANDS CHAMBER OF COMMERCE PENSI 60.775
AGENTE:JP MORGAN CHASE BANK/AXA OFFSHORE MULTIMANAGER FUNDS TRUST - 22.295
AGENTE:JP MORGAN CHASE BANK/FIDUCIARY TRUST COMPANY INTERNATIONAL AS 112.002
AGENTE:JP MORGAN CHASE BANK/SAMPENSION INVEST AFDELING GLOBAL AKTIEN 732.202
AGENTE:JP MORGAN CHASE BANK/BANKING & PAYMENTS AUTHORITY OF TIMOR-LE 187.181
AGENTE:JP MORGAN CHASE BANK/LABOR PENSION FUND SUPERVISORY COMMITTEE-LABOR 98.395
RETIREMENT FUND
AGENTE:JP MORGAN CHASE BANK/BUREAU OF LABOR INSURANCE 76.028
AGENTE:JP MORGAN CHASE BANK/SIJOITUSRAHASTO ALFRED BERG GLOBAL 262.516
AGENTE:JP MORGAN CHASE BANK/THE TRUSTEE FOR INTERNATIONAL EQUITIES S 1
AGENTE:JP MORGAN CHASE BANK/AUSTRALIAN CAPITAL TERRITORY DEPARTMENT 258.800
AGENTE:JP MORGAN CHASE BANK/THE MASTER TRUST BANK OF JAPAN, LTD. AS 70.012
AGENTE:JP MORGAN CHASE BANK/JPMORGAN INTREPID INTERNATIONAL FUND 236.050
AGENTE:JP MORGAN CHASE BANK/QUEENSLAND LOCAL GOVERNMENT SUPERANNUATI 312.000
AGENTE:JP MORGAN CHASE BANK/AVIVA INVESTORS MANAGED FUND ICVC - DIVERSIFIED STRATEGY 107.389
FUND
AGENTE:JP MORGAN CHASE BANK/FAMANDSFORENINGEN PENSAM INVEST PSI 10 G 318.708
AGENTE:JP MORGAN CHASE BANK/COMMINGLED PENSION TRUST FUND (EAFE EQUI 1.716.843
AGENTE:JP MORGAN CHASE BANK/COMMINGLED PENSION TRUST FUND (EAFE RESE 124.177
AGENTE:JP MORGAN CHASE BANK/EQ ADVISORS TRUST ALLIANCEBERNSTEIN INTL 5.717.296
AGENTE:JP MORGAN CHASE BANK/THE BOEING COMPANY EMPLOYEE RETIREMENT P 82.900
AGENTE:JP MORGAN CHASE BANK/AXA PREMIER VIP TRUST - MULTIMANGER INTE 901.185
AGENTE:JP MORGAN CHASE BANK/JPMORGAN INTERNATIONAL OPPORTUNITIES FUN 1.083.360
AGENTE:JP MORGAN CHASE BANK/JPMORGAN INTERNATIONAL VALUE FUND 8.720.507
AGENTE:JP MORGAN CHASE BANK/T ROWE PRICE INTERNATIONAL INDEX FUND, I 572.822
AGENTE:JP MORGAN CHASE BANK/FRANKLIN TEMPLETON VARIAB. INSURANCE 10.439.019
AGENTE:JP MORGAN CHASE BANK/STATE OF CALIFORNIA MASTER TRUST 901.930
AGENTE:JP MORGAN CHASE BANK/MUNICIPAL POLICE EMPLOYEES RETIREMENT SY 534.620
AGENTE:JP MORGAN CHASE BANK/NVIT MULTI-MANAGER INTERNATIONAL VALUE F 1.309.615
AGENTE:JP MORGAN CHASE BANK/COMMINGLED PENSION TRUST FUND (INTERNATI 1.001.019
AGENTE:JP MORGAN CHASE BANK/DOW EMPLOYEES PENSION PLAN TRUST 108.865
AGENTE:JP MORGAN CHASE BANK/UBS DYNAMIC ALPHA FUND 231.648
AGENTE:JP MORGAN CHASE BANK/UNION CARBIDE EMPLOYEES` PENSION PLAN 53.350
AGENTE:JP MORGAN CHASE BANK/AGERE SYSTEMS INC. PENSION PLANS MASTER 390.405
AGENTE:JP MORGAN CHASE BANK/YOUNG MENS CHRISTIAN ASSOC. RETIR FD 815.275
AGENTE:JP MORGAN CHASE BANK/COMMINGLED INTREPID INTL JPMORGAN CHASE 259.084
AGENTE:JP MORGAN CHASE BANK/JNL/MELLON CAPITAL MANAGEMENT INTERNATIO 1.471.058
AGENTE:JP MORGAN CHASE BANK/JNL/JPMORGAN INTERNATIONAL VALUE FUND 2.910.649
AGENTE:JP MORGAN CHASE BANK/EQ ADVISORS - AXA TACTICAL MANAGER INTER 788.154
AGENTE:JP MORGAN CHASE BANK/RIVERSOURCE VARIABLE SERIES TRUST - VARI 6.272.000
AGENTE:JP MORGAN CHASE BANK/RIVERSOURCE INTERNATIONAL MANAGERS SERIE 1.604.625
AGENTE:JP MORGAN CHASE BANK/STATE OF WYOMING, WYOMING STATE TREASURE 525.687
AGENTE:JP MORGAN CHASE BANK/STATE OF INDIANA, PUBLIC EMPLOYEES` RETI 852.706
AGENTE:JP MORGAN CHASE BANK/GOLDMAN SACHS TRUST - GOLDMAN SACHS INTE 113.009
AGENTE:JP MORGAN CHASE BANK/GOLDMAN SACHS TRUST- GOLDMAN SACHS INTER 593.429
AGENTE:JP MORGAN CHASE BANK/GOLDMAN SACHS VARIABLE INSURANCE TRUST- 1.683.952
AGENTE:JP MORGAN CHASE BANK/GOLDMAN SACHS TRUST-GOLDMAN SACHS CONCEN 1.472.893
AGENTE:JP MORGAN CHASE BANK/GOLDMAN SACHS TRUST - GOLDMAN SACHS STRUCTURED 2.473.573
INTERNATIONAL TAX-MANAGED EQUITY
AGENTE:JP MORGAN CHASE BANK/SCHRODER QEP GLOBAL ACTIVE VALUE FUND 1.126.916
pag. 24

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
AGENTE:JP MORGAN CHASE BANK/THE MASTER TRUST BANK OF JAPAN LTD AS TRUSTEE FOR 13.226.807
MUTB400045794 11-3
AGENTE:JP MORGAN CHASE BANK/THE MASTER TRUST BANK OF JAPAN LTD AS TRUSTEE FOR 13.156.856
MUTB400045795 11 3
AGENTE:JP MORGAN CHASE BANK/JPMORGAN FUND ICVC - JPM INSTITUTIONAL C 52.914
AGENTE:JP MORGAN CHASE BANK/MERCHANT INVESTORS ASSURANCE COMPANY LIM 758.200
AGENTE:JP MORGAN CHASE BANK/KUWAIT FUND FOR ARAB ECONOMIC DEVELOPMEN 620.630
AGENTE:JP MORGAN CHASE BANK/THE MASTER TRUST BANK OF JAPAN LTD AS TRUSTEE FOT 2.088.581
MTBJ400045825
AGENTE:JP MORGAN CHASE BANK/THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FO FOR 4.649.673
MTBJ400045826
AGENTE:JP MORGAN CHASE BANK/THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FOR 2.225.207
MTBJ400045827
AGENTE:JP MORGAN CHASE BANK/FAMANDSFORENINGEN PENSAM INVEST PSI 31 E 386.042
AGENTE:JP MORGAN CHASE BANK/JOHN LEWIS PARTNERSHIP PENSIONS TRUST AS 1.828.306
AGENTE:JP MORGAN CHASE BANK/STICHTING PENSIOENFONDS VOOR HUISARTSEN 192.099
AGENTE:JP MORGAN CHASE BANK/TAMESIDE MBC RE GREATER MANCHESTER PENSI 11.332.663
AGENTE:JP MORGAN CHASE BANK/BMW (UK) TRUSTEES LTD, TRUSTEE OF THE BM 721.089
AGENTE:JP MORGAN CHASE BANK/PLUMBING & MECHANICAL SERVICES (UK) INDU 29.045
AGENTE:JP MORGAN CHASE BANK/PRUDENTIAL STAFF PENSIONS LIMITED AS TRUSTEE 142.970
AGENTE:JP MORGAN CHASE BANK/SHELL PENSIONS TRUST LIMITED AS TRUSTEEOF SHELL C.P.FUND 3.569.171
AGENTE:JP MORGAN CHASE BANK/THE DELPHI AUTOMOTIVE SYSTEMS UK PENSION 181.523
AGENTE:JP MORGAN CHASE BANK/ELKARKIDETZA EPSV 545.586
AGENTE:JP MORGAN CHASE BANK/ASTRAZENECA PENSIONS TRUSTEE LIMITED AS 235.768
AGENTE:JP MORGAN CHASE BANK/VANGUARD TOTAL INTERNATIONAL STOCK INDEX 40.262.142
AGENTE:JP MORGAN CHASE BANK/STATE OF NEW MEXICO STATE INVESTMENT COU 1.452.088
AGENTE:JP MORGAN CHASE BANK/VANGUARD FIDUCIARY TRUST COMPANY EUROPEA 773.809
AGENTE:JP MORGAN CHASE BANK/AVIVA LIFE PENSIONS UK LIMITED 6.099.904
AGENTE:JP MORGAN CHASE BANK/VARIABLE INSURANCE PRODUCTS FUND OVERSEA 2.620.638
AGENTE:RBC DEXIA INVESTOR S/ECONOMIC INVESTMENT TRUST LTM 729.800
AGENTE:RBC DEXIA INVESTOR S/MANITOBA TELECOM SERV&PARTECIP SUBS EMPL 299.600
AGENTE:RBC DEXIA INVESTOR S/DOFASCO EMPLOYEES SAV & PRO SHARING FUND 496.600
AGENTE:RBC DEXIA INVESTOR S/SPRUCEGROVE SPECIAL GLOBAL POOLED FUND 1.274.902
AGENTE:RBC DEXIA INVESTOR S/PETRO CANADA PENS PLAN MASTER TRUST FUND 141.200
AGENTE:RBC DEXIA INVESTOR S/GOLDMAN SACHS JBW INTERN POOLED FUND 19.878
AGENTE:HSBC BANK PLC/AXA FRAMLINGTON GLOBAL OPPORTUNITIES 2.000.000
AGENTE:LOMBARD ODIER DAR.&C/LOMBARD ODIER FUNDS (SWITZERLAND) SA "I3D, FIGO OU CIFOPI" 51.429
AGENTE:NORTHERN TR GLB SERV/STICHTING DELA DEPOSITARY AND MANAGEMENT 3.084.272
AGENTE:NORTHERN TRUST -LO/UTAH STATE RETIREMENT SYSTEMS 818.168
AGENTE:NORTHERN TRUST -LO/SENTINEL INTERNATIONAL TRUST 8.540
AGENTE:DANSKE BANK S/A/LPIP, AKT EUROPA III(AKTIV FORVA C/O NYKREDIT PORTEFOLJE ADM. A/S 760.132
AGENTE:DANSKE BANK S/A/LPI AKTIER EUROPA IV C/O NYKREDIT PORTEFOLJE ADM. A/S 238.857
AGENTE:NORTHERN TRUST -LO/TRANSIT MANAGEMENT SOUTHEAST LOUISIANA 19.515
AGENTE:JP MORGAN CHASE BANK/REXAM PENSION PLAN 1.162.898
AGENTE:JP MORGAN CHASE BANK/JPMORGAN FUND ICVC - JPM GLOBAL EQUITY I 899.396
AGENTE:JP MORGAN CHASE BANK/COMMINGLED PENSION TRUST FUND (EAFE PLUS 5.692.930
AGENTE:JP MORGAN CHASE BANK/BOILERMAKER BLACKSMITH NATIONAL PENSION 997.547
AGENTE:JP MORGAN CHASE BANK/UNITED FOOD & COMM WORKERS UNIONS 96.071
AGENTE:JP MORGAN CHASE BANK/EQ ADVISORS TRUST- EQ/TEMPLETON GLOBAL E 1.181.378
AGENTE:JP MORGAN CHASE BANK/JPMORGAN INTERNATIONAL EQUITY FUND 1.776.973
AGENTE:JP MORGAN CHASE BANK/FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST - 8.604.621
TEMPLETON GROWTH SECURITIES FUND
AGENTE:JP MORGAN CHASE BANK/TEMPLETON INSTITUTIONAL FUNDS - FOREIGN 20.786.722
AGENTE:JP MORGAN CHASE BANK/PUBLIC EDUCATION RET SYSTEM MISSOURI 249.620
AGENTE:JP MORGAN CHASE BANK/PUBLIC SCHOOL RET SYSTEM OF MISSOURI 2.126.490
AGENTE:JP MORGAN CHASE BANK/JNL/FRANKLIN TEMPLETON GLOBAL GROWTH FUND 1.550.760
AGENTE:JP MORGAN CHASE BANK/JNL/CAPITAL GUARDIAN GLOBAL BALANCED FUND 368.566
AGENTE:JP MORGAN CHASE BANK/DWS INTERNATIONAL FUND 4.862.226
AGENTE:JP MORGAN CHASE BANK/DWS VARIABLE SERIES I - DWS INTERNATIONA 1.351.519
AGENTE:JP MORGAN CHASE BANK/THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY 305.810
OF CAMBRIDGE
AGENTE:JP MORGAN CHASE BANK/SUPERANNUATION FUNDS MANAGEMENT CORPORAT 1.128.770
AGENTE:JP MORGAN CHASE BANK/CAPITAL WORLD GROWTH INCOME FUND INC 44.540.800
AGENTE:JP MORGAN CHASE BANK/TEMPLETON MASTER TRUST - SERIES 1 739.127
AGENTE:JP MORGAN CHASE BANK/TEMPLETON INTERNATIONAL STOCK TRUST. 1.400.300
AGENTE:JP MORGAN CHASE BANK/TEMPLETON GROWTH FUND, LTD. 8.797.927
AGENTE:JP MORGAN CHASE BANK/ING SUSTAINABLE INVESTMENTS - WHOLESALE 19.566
AGENTE:JP MORGAN CHASE BANK/CAPITAL GUARDIAN EMPLOYEE BENEFIT INVEST 2.468.688
AGENTE:JP MORGAN CHASE BANK/TEMPLETON MASTER TRUST - SERIES 6 124.883
AGENTE:JP MORGAN CHASE BANK/TEMPLETON MASTER TRUST - SERIES 2 134.328
AGENTE:JP MORGAN CHASE BANK/JPM MULTI-ASSET INCOME FUND 114.821
AGENTE:BP2S LUXEMBOURG/FIM LUXEMBOURG 4.377
AGENTE:BP2S LUXEMBOURG/CSA L GLOBAL QUANT EQUITY POOL 2.395
AGENTE:JP MORGAN CHASE BANK/FIDELITY INVESTMENTS MONEY MANAGEMENT IN 35.690
pag. 25

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
AGENTE:JP MORGAN CHASE BANK/SIERRA/ TEMPLETON INTERNATIONAL EQUITY T 502.642
AGENTE:JP MORGAN CHASE BANK/JPMORGAN INCOME BUILDER FUND 1.750.346
AGENTE:JP MORGAN CHASE BANK/FC OPEN ENDED INVEST COMPANY ICVC BLUE F 133.474
AGENTE:JP MORGAN CHASE BANK/TEMPLETON GLOBAL EQUITY INCOME FUND II L 25.313
AGENTE:JP MORGAN CHASE BANK/EQUITY FUND FOR TAX EXEMPT TRUSTS 583.754
AGENTE:UBS LUXEMBOURG SA/UBS (LUX) SICAV 3 405.420
AGENTE:BROWN BROTHERS HARR/SCUDDER VARIABLE SERIES II - SCUDDER INTERNATIOL SELECT 2.078
PORTFOLIO
AGENTE:BROWN BROTHERS HARR/BANK OF BERMUDA (CAYMAN) LIMITED 454.933
AGENTE:BROWN BROTHERS HARR/ASST. VICE PRESIDENT ATTN JAMES MCNALLY, BROWN BROTHERS 1.648.238
HARRIMAN CO.
AGENTE:BROWN BROTHERS HARR/THE MASTER TRUST BANK OF JAPAN LTD., RE JPM KOKUSAI 114.355
DYNAMIC MOTHER FUN D
AGENTE:BROWN BROTHERS HARR/THE MASTER TRUST BANK OF JAPAN LTD., RE NISSAY PANAGORA FRN 22.974
EQU IND M F
AGENTE:BROWN BROTHERS HARR/THE MASTER TRUST BANK OF JAPAN LTD., RE GLOBAL EQUITIES 554.581
INDEX MOTHER F UND
AGENTE:BROWN BROTHERS HA-LU/FIL LIMITED 4.380
AGENTE:BROWN BROTHERS HA-LU/SCHRODER GAIA 9.592
AGENTE:BROWN BROTHERS HARR/THE MASTER TRUST BANK OF JAPAN LTD., RE JPM KOKUSAI 95.686
DYNAMIC MOTHER FUN D II
AGENTE:BROWN BROTHERS HARR/ADVISOR MANAGED TRUST-TACTICAL OFFENSIVE EQUITY FUND 552.915
AGENTE:BP2S LUXEMBOURG/HENDERSON HORIZON FUND SICAV 13.000.000
AGENTE:NORTHERN TRUST -LO/RETIREMENT PLAN FOR CHICAGO TRANSIT AUTHORITY EMPLOYEES 235.391
AGENTE:NORTHERN TRUST -LO/NORTHERN TRUST COMMON CONTRACTUAL FUND 95.300
AGENTE:NORTHERN TRUST -LO/HONEYWELL COMMON INVEST FUND 618.340
AGENTE:HSBC BANK PLC/GARTMORE EUROPEAN INVESTMENT PLC 407.440
AGENTE:HSBC BANK PLC/HSBC INSTITUTIONAL TRUST SERVICES (IRELAND) LTD RE HSBC MSCI WORLD 87.126
ETF
AGENTE:BROWN BROTHERS HARR/FIDELITY LLC INTERNATIONAL GROWTH PORTFOLIO 229.300
AGENTE:BROWN BROTHERS HARR/FIDELITY GROUP TRUST FOR EMPLOYEE B, ENEFT EUROPEAN 3.529.400
EQUITIES COLLECTIVE TRUST
AGENTE:JP MORGAN CHASE BANK/JPMORGAN GLOBAL EQUITY INCOME FUND 13.229
AGENTE:JP MORGAN CHASE BANK/JPMORGAN INTERNATIONAL EQUITY FUND, LLC 322.831
AGENTE:JP MORGAN CHASE BANK/CAPITAL GUARDIAN ALL COUNTRY WORLD EQUITY FUND 522.852
AGENTE:JP MORGAN CHASE BANK/SWISS REINSURANCE COMPANY LTD 1.503.729
AGENTE:NORTHERN TRUST -LO/MONSANTO COMPANY DEFINED CONTRIBUTION AND EMPLOYEE 217.155
STOCK OWNERSHIP TRUST
AGENTE:JP MORGAN CHASE BANK/UNIVERSITY OF PUERTO RICO RETIREMENTS YSTEM 79.995
AGENTE:JP MORGAN CHASE BANK/BLACKROCK AUSTRALIA LTD AS RESPONSIBLE E 909.745
AGENTE:JP MORGAN CHASE BANK/BLACKROCK INDEXED ALL-COUNTRY EQUITY FUN 78.336
AGENTE:JP MORGAN CHASE BANK/EQ ADVISORS TRUST: EQ/PUTNAM INTERNA 2.100.385
AGENTE:JP MORGAN CHASE BANK/NVIT INTERNATIONAL INDEX FUND 1.518.315
AGENTE:JP MORGAN CHASE BANK/EQ ADVISORS TRUST - EQ/GLOBAL MULTI-SECT 911.733
AGENTE:JP MORGAN CHASE BANK/EQ ADVISORS TRUST - EQ/INTERNATIONAL COR 691.154
AGENTE:JP MORGAN CHASE BANK/BLACKROCK ASSET MANAGEMENT PENSIONS LIMI 42.022.409
AGENTE:JP MORGAN CHASE BANK/BLACKROCK INDEX SELECTION FUND 5.974.626
AGENTE:JP MORGAN CHASE BANK/THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FOR 13.003.903
MUTB400045792
AGENTE:JP MORGAN CHASE BANK/MASTER INTERNATIONAL INDEX SERIES OF QUA 1.146.946
AGENTE:JP MORGAN CHASE BANK/STICHTING TOT BEWARING CORDARES SUBFONDS 1
AGENTE:JP MORGAN CHASE BANK/EQ ADVISORS TRUST-AXA TACTICAL MANAGER INTERNATIONAL 305.126
PORTFOLIO 1
AGENTE:JP MORGAN CHASE BANK/JPM FLEMING FUND ICVC GL FINANCIAL F 1.202.000
AGENTE:JP MORGAN CHASE BANK/THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FOR 1.365.233
MTBJ400045824
AGENTE:JP MORGAN CHASE BANK/VOUGHT AIRCRAFT INDUSTRIES,INC MASTER DEFINED BENEFIT 400.197
TRUST
AGENTE:NORTHERN TRUST -LO/THE ROYAL BANK OF SCOTLAND PLC AS DEPOSITARY OF THS 41.229
EUROPEAN GROWTH & VALUE FUND
AGENTE:NORTHERN TRUST -LO/THE ROYAL BANK OF SCOTLAND PLC AS DEPOSITARY OF THS 4.023.416
INTERNATIONAL GROWTH & VALUE FUND
AGENTE:NORTHERN TRUST -LO/THE MARATHON LONDON GROUP TRUST FOR EMPLOYEE BENEFIT 6.336.272
PLANS
AGENTE:NORTHERN TRUST -LO/THE MARATHON-LONDON GLOBAL INVESTMENT TRUST 2.212.701
AGENTE:NORTHERN TRUST -LO/THE MARATHON-LONDON GLOBAL INVESTMENT TRUST I 136.703
AGENTE:RBC DEXIA INVESTOR S/SCEPTRE POOLED INVESTMENT FUND - FOREIGN EQUITY SECTION 761.400
AGENTE:RBC DEXIA INVESTOR S/SL MFS INTERNATIONAL VALUE FD, SUN LIFE GLB INVESTMENTS 4.258
(CAD)INC.
AGENTE:RBC DEXIA INVESTOR S/CANADIAN UTILITIES LIMITED 145.100
AGENTE:BROWN BROTHERS HARR/HUNTINGTON NATIONAL BANK 75.000
AGENTE:HONGKONG/SHANGHAI BK/MANULIFE INTERNATIONAL LTD 767.832
AGENTE:HONGKONG/SHANGHAI BK/EIS SERVICES BERMUDA LTD 471.805
AGENTE:HONGKONG/SHANGHAI BK/MANULIFE PROPERTY LTD PARTNERSHIP 606.941
AGENTE:HONGKONG/SHANGHAI BK/HSBC POOLED INVESTMENT FUND, HSBC ALLIANCEBERNSTEIN 802.232
pag. 26

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
L.P, MULTIMANAGER EUROPEAN EQUITY FUND
AGENTE:UBS LUXEMBOURG SA/UBS (LUX) KEY SELECTION SICAV 4.597.585
AGENTE:JP MORGAN CHASE BANK/DAVID E MOORE 48.282
AGENTE:HSBC SEC SERV LUX S./HSS (LUX) 3.170.560
AGENTE:HONGKONG/SHANGHAI BK/HTHK AS TRUSTEE OF MANULIFE EUROPEAN EQUITY FUND HSBC 3.104.267
INSTITUTIONAL TRUST SERVICES ASIA LTD
AGENTE:BQUE FEDERATIVE-STR/FCP IMPY INVESTISSEMENT 10.000
RICHIEDENTE:CBLDN S/A AEGON CUSTODY N.V./AEGON CUSTODY B.V. 6.002.835
RICHIEDENTE:CBNY S/A CHARLES SCHWAB/BRANDES INVESTMENT 22.871
RICHIEDENTE:GOLDMAN SACHS INTERNATIONAL LIMITED/AMBER GLOBAL OPPORTUNITIES MASTER 8.943.345
FUND LTD
RICHIEDENTE:GOLDMAN SACHS & CO./PM MANAGER FUND, SPC ON BEHALF OF AND FOR THE ACCOUNT 1.956.441
OF SEGREGATED PORTFOLIO 22
RICHIEDENTE:CITIJER SA CB AGENT SA C, NA AS CUSTODIAN LIBERTY INT FD PAN EUROPEAN/STANLIB 84.547
FUNDS LIMITED
RICHIEDENTE:CITIBANK N.A. NY S/A PRINCIPAL INTERNATIONAL EQUITY FUND/PTC PRINCIPAL INT`L 278.372
EQUITY FUND
RICHIEDENTE:CBLDN SA EIRCOM PLC2 SUPERAN. FUND/EIRCOM NO2 SUPERANNUATION FUND 499.980
RICHIEDENTE:CBLDN S/A AVIVA LIFE AND PENSIONS IRELAND LIMITED/HIBERNIAN LIFE & PENSIONS 585.165
FUND
RICHIEDENTE:CBLDN IRISH LIFE ASSURANCE CO/IRISH LIFE ASSURANCE 16.437.851
RICHIEDENTE:CBLDN SA LEG & GEN ASSUR SOC LTD/LEGAL AND GENERAL ASSURANCE PENSIONS 7.886.793
MANAGEMENT LIMITED
RICHIEDENTE:CREDIT SUISSE SECURITIES (USA) LLC/GOLDMAN SACHS GLOBAL FUNDAMENTAL 68.358
RICHIEDENTE:CBLDN S/A LEGAL AND GENERAL/LAZARD ASSET MANAGEMENT LTD. 107.970.067
RICHIEDENTE:CBHK SA CITITRUST L-AIM EURO EQ F/AXAIM MPF EUROPEAN EQUITY FUND 265.000
RICHIEDENTE:CITIBANK NA HONG KONG SA MIML-WELLINGTON GL CONT EP/MACQUARIE 362.736
INVESTMENT MANAGEMENT LIMITED
RICHIEDENTE:CBLDN SA STICHTING SERVICES EUROPE EX MULTI-MANAGER FUND/STICHTING MN 117.475
SERVICES EUROPE EX UK EQUITY FUND
RICHIEDENTE:CBNY NA, S/A/ BALENTINE INTERNATIONAL EQUITY FUND SELECT/WILMINGTON 33.866
INTERNATIONAL EQUITY FUND SELECT LP
RICHIEDENTE:CBNY SA PAC LIFE FU PL NT VALUE FUN/PACIFIC LIFE FUNDS-PL INTERNATIONAL VALUE 390.359
FUND
RICHIEDENTE:CBNY S/A TRANSAMERICA LIFE INSURANCE COMPANY/FRANKLIN TEMPLETON 209.114
RICHIEDENTE:CBLDN S/A MNSERVICES AANDELENFONDS EUROPA/STICHTING MN SERVICES 324.900
AANDELENFONDS EUROPA
RICHIEDENTE:CBNY S/A WILTSHIRE VARIABLE INSURANCE TRUST-INTERNATIONAL EQUITY 26.743
FUND/WILSHIRE VARIABLE INSURANCE TRUST-INTERNATIONAL EQUITY FUND
RICHIEDENTE:CBSG S/A NTUC LIFEP EUROPE SSGA/NTUC INCOME INSURANCE COOPERATIVE LIMITED 66.682
RICHIEDENTE:CBNY SA ADVANCED SERIES TRUST AST NIEMANN INT GROWTH FUND/ADVANCED 239.500
SERIES TRUST AST NIEMANN CAPITAL
RICHIEDENTE:CBHK SA JTSB STB GS GL E QE M FD/JAPAN TRUSTEE SERVICE BANK CO. LTD 1.292.351
RICHIEDENTE:CBLDN SA FRIENDS PROVIDENT LIFE AND PENSIONS LIMITED/FRIENDS PROVIDENT LIFE 412.654
PENSION LTD
RICHIEDENTE:CBNY S/A PRINC TR CO (ASIA) LTD/PRINCIPAL INSURANCE COMPANY LIMITED 131.835
RICHIEDENTE:CBNY S/A ORBIS SICAV/ORBIS US EQUITY FUND LP 4.174.328
AGENTE:STATE STREET BANK AND TRUST COMPANY/GEORGES R.HAIRK PARAMETRIC PORTFOLIO 35.035
ASSOCIATES
AGENTE:STATE STREET BANK AND TRUST COMPANY/JRJ INVESTMENT FUND, LTD/BRANDES 7.800
AGENTE:STATE STREET BANK AND TRUST COMPANY/CALVERT CTY VOL FIRE RESCUE 13.337
AGENTE:STATE STREET BANK AND TRUST COMPANY/LINDE PENSION PLAN 250.466
AGENTE:STATE STREET BANK AND TRUST COMPANY/NEW YORK STATE BANKERS RETIREMENT 161.540
SYSTEM VOL SUBMITTER PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE FARM VARIABLE PRODUCT TRUST, 336.919
INTERNATIONAL EQ INDEX F
AGENTE:STATE STREET BANK AND TRUST COMPANY/HIRTLE CALLAGHAN INSTITUTIONAL 4.006.200
INTERNATIONAL EQUITY PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/FIDELITY INVESTMENT TRUST: FIDELITY TOTAL 83.901
INT EQUITY FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/FIDELITY RUTLAND SQUARETRUST II: STRATEGIC 4.696.522
ADVISERS INT F
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK TRUST CORE ALLOCATION PLUS 79.550
TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/BNY MELLON TR+DEP ATF ST. JAMES`S PLACE 3.030.009
INTL UNIT TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/SANFORD C. BERNSTEIN F INC - TAX-MANAGED 11.581.375
INTERNATIONAL PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/SANFORD C. BERNSTEIN INTL VALUE EQ 2.647.500
(CAP-WEIGHTED UNHEDGED) F
AGENTE:STATE STREET BANK AND TRUST COMPANY/SANFORD C. BERNSTEIN GLOBAL VALUE EQUITY 661.000
FUND .
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN GLOBAL STYLE BLEND 850.900
FUND .
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM VARIABLE TRUST - PUTNAM VT GLOBAL 71.720
pag. 27

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
ASSET ALLOCATION F
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE STATE OF NEVADA 51.507
AGENTE:STATE STREET BANK AND TRUST COMPANY/GLOBAL OPPORTUNITIES CANADA FUND 488.178
AGENTE:STATE STREET BANK AND TRUST COMPANY/SANFORD C. BERNSTEIN FUND, INC. - TAX-AWARE 1.084.600
OVERLAY A PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE ALLIANCEBERNSTEIN POOLING 5.670.100
PTF-ALLIANCEBRN INT VALUE PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE ALLIANCEBERNSTEIN POOLING PTF - 56.374
ALLIANCEB VOL MNGM PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN VAR PROD SER F INC - INT 7.068.740
VALUE PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN VAR PROD SER F INC-BAL 234.495
WEALTH STRATEGY PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE MASTER TRUST BK OF JP LTD: HITACHI 468.803
FOREIGN EQ INDEX MF
AGENTE:STATE STREET BANK AND TRUST COMPANY/GOVERNMENT OF THE REPUBLIC OF SINGAPORE . 105.954
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE NATIONAL MUTUAL LIFE ASS OF 373.784
AUSTRALASIA LIMITED
AGENTE:STATE STREET BANK AND TRUST COMPANY/GENERAL MOTORS HOURLY-RATE EMPLOYEES 666.897
PENSION TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/GENERAL MOTORS SALARIED EMPLOYEES 485.506
PENSION TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/ENHANCED GLOBAL SERIES OF BLACKROCK 151
QUANTITATIVE PARTNERS LP
AGENTE:STATE STREET BANK AND TRUST COMPANY/ESG MANAGERS GROWTH PORTFOLIO 620
AGENTE:STATE STREET BANK AND TRUST COMPANY/ESG MANAGERS MODERATE PORTFOLIO 516
AGENTE:STATE STREET BANK AND TRUST COMPANY/ESG MANAGERS CONSERVATIVE PORTFOLIO 292
AGENTE:STATE STREET BANK AND TRUST COMPANY/ESG MANAGERS AGGRESSIVE GROWTH 397
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/RYDEX MSCI EAFE EQUAL WEIGHT ETF 11.295
AGENTE:STATE STREET BANK AND TRUST COMPANY/PRINCIPAL GLOBAL INVESTORS COLLECTIVE 366.948
INVESTMENT TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/ORG FOR SMALL&MEDIUM ENTERPRISES AND 1.058.952
REGIONAL INNOVATION
AGENTE:STATE STREET BANK AND TRUST COMPANY/JAPAN TRUSTEE SERV BK LTD ATF GLB FIN EQ F 42.716
LTD SUBSCR PERIOD
AGENTE:STATE STREET BANK AND TRUST COMPANY/JAPAN TRUSTEE SERV BK LTD ATF CMA SHINKO 31.734
FINANCIAL EQ MF
AGENTE:STATE STREET BANK AND TRUST COMPANY/UNITED TECHNOLOGIES CORPORATION 540.422
EMPLOYEE SAVINGS PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/ROBERT J. MORRIS TRUST 634
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE STREET TRUSTEES LIMITED ATF CIS 6.122.952
EUROPEAN GROWTH TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/PACE INTERNATIONAL EQUITY INVESTMENTS . 692.801
AGENTE:STATE STREET BANK AND TRUST COMPANY/DFS GIF - EUROPEAN EQUITY ALLIANCE 67.724
BERNSTEIN
AGENTE:STATE STREET BANK AND TRUST COMPANY/DESJARDINS FIN SECURITY BERNSTEIN INTL 187.437
EQUITY VALUE FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/CALVERT VP EAFE INTERNATIONAL INDEX 228.027
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE PREMIER TRUST FUND FOR QUALIFIED 114.573
EMPLOYEE BENEFIT PLANS
AGENTE:STATE STREET BANK AND TRUST COMPANY/FEDEX CORPORATION EMPLOYEES PENSION 267.918
TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/DYNAMIC EUROPEAN VALUE FUND 505.400
AGENTE:STATE STREET BANK AND TRUST COMPANY/DYNAMIC EAFE VALUE CLASS 247.400
AGENTE:STATE STREET BANK AND TRUST COMPANY/TIFF INVESTMENT PROGRAM, INC - TIFF 1.162.275
MULTI-ASSET FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/TRANSAMERICA ALLIANCEBERNSTEIN DYNAMIC 21.712
ALLOCATION VP
AGENTE:STATE STREET BANK AND TRUST COMPANY/ANCHOR SERIES TRUST STRATEGIC MULTI-ASSET 3.193
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/SEASONS SERIES TRUST ASSET 112.436
ALLOCATION:DIVERSIFIED GROWTH PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/MULTI-MANAGER ICVC - MULTI-MANGER 527.531
INTERNATIONAL EQUITY FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/LEGG MASON FUNDS ICVC - LEGG MASON 26.506
CONTINENTAL EUROPEAN EQ F
AGENTE:STATE STREET BANK AND TRUST COMPANY/RUSSELL INTERNATIONAL SHARES TRACKER FUND 387.732
AGENTE:STATE STREET BANK AND TRUST COMPANY/JANUS ASPEN SERIES OVERSEAS PORTFOLIO 15.265.827
AGENTE:STATE STREET BANK AND TRUST COMPANY/CAUSEWAY INTERNATIONAL OPPORTUNITIES 487.861
GROUP TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/CANADA PENSION PLAN INVESTMENT BOARD . 20.749.195
AGENTE:STATE STREET BANK AND TRUST COMPANY/BRANDES CANADA INTERNATIONAL EQUITY 1.283.300
UNIT TRUST
pag. 28

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
AGENTE:STATE STREET BANK AND TRUST COMPANY/PAX MSCI EAFE ESG INDEX ETF 8.132
AGENTE:STATE STREET BANK AND TRUST COMPANY/IPAC SPEC INV STRATEGIES - INT SHARE 1.245.900
STRATEGY NO 1
AGENTE:STATE STREET BANK AND TRUST COMPANY/RETIREMENT AND SECY PROGRAM FOR 86.951
EMPL/NTCA AND MEMBERS SYS
AGENTE:STATE STREET BANK AND TRUST COMPANY/RIDGEWORTH INTERNATIONAL EQUITY INDEX 1.863.224
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/BNY MELLON TR DEP LTD ATF ST JAMES`S PL 3.855.685
STRAT MANAG UNIT TR
AGENTE:STATE STREET BANK AND TRUST COMPANY/SC BLACKROCK INTERNATIONAL INDEX FUND 74.830
AGENTE:STATE STREET BANK AND TRUST COMPANY/GOV OF HM THE SULTAN AND YANG DI-PERTUAN 768.017
OF BRUNEI DARUSSALAM
AGENTE:STATE STREET BANK AND TRUST COMPANY/DEUTSCHE DBI GLOBAL SHARES FUND 49.065
AGENTE:STATE STREET BANK AND TRUST COMPANY/BIMCOR OVERSEAS POOLED FUND 677.673
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA MSCI ACWI EX-USA INDEX NON-LENDING 239.080
DAILY TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/HONG KONG SPECIAL ADMINISTRATIVE REGION 1.261.097
GOVERNMENT-EXCHANGE F
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE STREET TRUSTEES LIMITED ATF 132.889
MARATHON EXEMPT FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/VANGUARD INV F ICVC- FTSE DEV WOR LD EX - 402.168
U.K. EQ INDEX F
AGENTE:STATE STREET BANK AND TRUST COMPANY/VANGUARD INV F ICVC-VANGUARD FTSE DEV 275.542
EUROPE EX-UK EQ INDEX F
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE WELLINGTON TR COM NATIONAL ASS MULT 110.878
COLLECT INV F TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE WELLINGTON TR CO NAT ASS MULT COM GLB 6.327
OPPORT PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE WELLINGTON TR CO NAT ASS MULT 185.677
COLLECTIVE INV F TRUST II
AGENTE:STATE STREET BANK AND TRUST COMPANY/WILMINGTON TRUST RETIREMENT AND INST SER 340.515
CO COLLECTIVE INV TR
AGENTE:STATE STREET BANK AND TRUST COMPANY/WSIB INVESTMENTS (PUBLIC EQUITIES) POOLED 2.533.647
FUND TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE HARTFORDGLOBAL ALL- ASSET FUND 174.304
AGENTE:STATE STREET BANK AND TRUST COMPANY/MANULIFE ASSET MANAGEMENT INTERNATIONAL 81.215
EQUITY INDEX POOLED F
AGENTE:STATE STREET BANK AND TRUST COMPANY/SS BK AND TRUST COMPANY INV FUNDS FOR 44.093.944
TAXEXEMPT RETIREMENT PL
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA MSCI EUROPE SCREENED INDEX 268.544
NON-LENDING COMMON TRUST FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/MSCI EAFE PROV SCREENED INDEX NON - 226.489
LENDING COMMON TR FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/AXA WORLD FUNDS II-CONTINENTAL EUROPEAN 671.329
OPP EQUITIES
AGENTE:STATE STREET BANK AND TRUST COMPANY/UNIVERSAL SHIPOWNERS MARINE INS ASS LTD 80.179
EQUITY CLASS 3
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES MSCI EAFE GROWTH INDEX FUND (EX IBT 1.652.373
2776)
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK INSTITUTIONAL TRUST COMPANY, 74.263.350
N.A. INVESTMENT FUNDSFO
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK CDN MSCI EAFE EQUITY INDEX FUND 2.529.157
AGENTE:STATE STREET BANK AND TRUST COMPANY/RUSSELL DEVELOPED EX-U.S. LARGE CAP INDEX 148.661
FUND B
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK GLOBAL MARKET INSIGHT FUND 99.309
AGENTE:STATE STREET BANK AND TRUST COMPANY/TRUST FOR RETIR MED, DENT & LIFE INS 218.712
ARMY&AIR FORCE EXCH
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE RETIREMENT ANN PL FOR EMPL OF THE 435.915
ARMY&AIR FORCE EX SERVIC
AGENTE:STATE STREET BANK AND TRUST COMPANY/CENTRAL PENSION F OF INT UNION OF OPERAT & 1.013.521
PART EMPL
AGENTE:STATE STREET BANK AND TRUST COMPANY/WELLS FARGO INTRINSIC WORLD EQUITY FUND 470.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK INST TRUST CO N.A. INV FUNDSFOR 63.040
EMPL BENEFIT TR
AGENTE:STATE STREET BANK AND TRUST COMPANY/INTERNATIONAL PAPER CO COMMINGLED 1.144.185
INVESTMENT GROUP TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/MFS VAR INSURANCE TRUST II - MFS INT VALUE 700.177
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/GOLDMAN SACHS TRUST COMPANY N A 334.713
COLLECTIVE TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMERICAN AIRLINES PILOTS RET BENEFIT 642.737
PROGRAM VAR INCOME PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/COMMONFUND INSTITUTIONAL INTERNATIONAL 253.915
EQUITY FUND, LLC
AGENTE:STATE STREET BANK AND TRUST COMPANY/RUSSELL TR CO COMMINGLED EMPL BEN 342.656
pag. 29

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
RUSSELL INT RATE MGMN SOL
AGENTE:STATE STREET BANK AND TRUST COMPANY/TIIA-CREF INTERNATIONAL EQUITY INDEX FUND 2.903.501
AGENTE:STATE STREET BANK AND TRUST COMPANY/TRANSAMERICA BLACKROCK GLOBAL 252.680
ALLOCATION
AGENTE:STATE STREET BANK AND TRUST COMPANY/MASSMUTUAL SELECT STRATEGIC BALANCED 36.739
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/NEBRASKA PUBLIC EMPLOYEES RETIREMENT 806.244
SYSTEM
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE UNIVERSAL INSTITUTIONAL FUNDS INC - 28.646
INT MAGNUM PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE WELLINGTON TR CO NAT ASS MULT COM 739.255
ALPHA STRATEGIES PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/SPDR MSCI EUROPE FINANCIALS ETF 948.047
AGENTE:STATE STREET BANK AND TRUST COMPANY/WELLINGTON TR CO NAT ASS MULTI COMM 251.405
CONTRARIAN EQ PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/SCOTTISH WIDOWS OVERSEAS GROWTH INV F 3.838.777
ICVC - EURO GROWTH F
AGENTE:STATE STREET BANK AND TRUST COMPANY/SCOTTISH WIDOWS OVERSEAS GROWTH INV F 1.832.736
ICVC-EUROP SEL GROW F
AGENTE:STATE STREET BANK AND TRUST COMPANY/SCOTTISH WIDOWS OVERSEAS GROWTH INV F 197.959
ICVC-EUROLAND F
AGENTE:STATE STREET BANK AND TRUST COMPANY/SPDR STOXX EUROPE 50 ETF 164.595
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES II PUBLIC LIMITED COMPANY 39.550.307
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES PUBLIC LIMITED COMPANY 9.676.132
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES III PUBLIC LIMITED COMPANY 1.537.977
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES V PUBLIC LIMITED COMPANY 79.883
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK AM DE FOR ISHARES EURO STOXX 50 38.897.148
(DE)
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK AM DE FOR ISHARES EURO STOXX 10.948.784
BANKS (DE)
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK AM DE FOR ISHARES EURO STOXX 3.086.500
(DE)
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK AM DE FOR ISHARES STOXX EUROPE 2.230.013
50 (DE)
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK AM DE FOR ISHARES STOXX EUROPE 85.060
LARGE 200 (DE)
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK AM DE FOR ISHARES STOXX EUROPE 6.412.246
600 BANKS (DE)
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK AM DE FOR ISHARES STOXX EUROPE 4.132.915
600 (DE)
AGENTE:DEUTSCHE BANK AG/LA FINANCIERE SAINT MARINE 120.196
AGENTE:UNION BANK OF CALIFORNIA/ADVISORS INNER CIRCLE CAMBIAR AGGRE 1.400.000
AGENTE:UNION BANK OF CALIFORNIA/SOUTHERN CA UNITED FOOD COMMERCIAL WORKERS UNION 173.372
FOOD EMPLOYERS
AGENTE:UNION BANK OF CALIFORNIA/SAN DIEGO ELEC WORKERS PENSION TRUST 58.583
FIRST INITIATIVES INSURANCE,LTD 152.150
REEVE COURT GENERAL PARTNER 22.135
RESEARCH AFFILIATES, LLC 4.167
AIR CANADA PENSION MASTER TRUSTFUND 2.430.074
RUSSELL OVERSEAS EQUITY POOL . 532.400
ALAMOSA LLC . 14.215
ALABAMA PREPAID AFFORDABLE COLLEGE TUITION TRUST FUND 49.197
AZL INTERNATIONAL INDEX FUND 437.524
BASF CORPORATION PENSION MASTERTRUST 307.162
BECHTEL NR PROGRAM MASTER TR . 491.350
TELCORDIA TECHNOLOGIES PENSIONPLAN 138.640
BARROW HANLEY MEWHINNEY & STRA 66.600
BELLSOUTH CORPORATION HEALTH CARE TRUST RETIREES 117
THE BOARD OF PENSIONS OF THE PRESBYTERIAN CHURCH 1.145.128
BELLSOUTH CORP RFA VEBA TRUST FOR NONREPRESENTABLE EMPLOYEES 68.855
HIGHMARK INC. 281.655
CALIFORNIA STATE AUTOMOBILE ASSOCINTER-INSURANCE BUREAU 211.324
COLLIER FAMILY OFFICE INC . 520.537
CHI OPERATING INVESTMENT PROGRAM LP 1.816.083
COLLEGES OF APPLIED ARTS AND TECHNOLOGY PENSION P 1.289.400
COMMONWEALTH OF PENNSYLVANIA STATE EMPLOYEES RETIREMENT SYSTEM. 1.073.753
CARGILL INC. & ASSOCIATED COMPANIES MASTER PEN 321.790
CANADIAN CHRISTIAN SCHOOL PENSION TR. FD 79.600
DAIMLERCHRYSLER CANADA INC. CANADIAN MASTER TRUST FUND 669.989
THE DUN AND BRADSTREET CORP DEFINED BENEFIT GROUP TRUST 176.990
DREYFUS INDEX FUNDS INC DREYFUS INTERNATIONAL STC 691.164
DUKE ENERGY QUALIFIED NUCLEAR DECOMMISSIONING TRUS 1.331.120
COUNTY EMPLOYEES ANNUITY AND BENEFIT FUND OF COOK COUNTY 449.370
EVANGELICAL LUTHERAN CHURCH INAMERICA BOARD OF PEN 1.031.740
CBIS GLOBAL FUNDS PLC 90.000
pag. 30

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
TOTAL FINANCE USA INC. MASTER TRUST 326.250
FIDELITY GLOBAL FUND . 760.300
FIDELITY GLOBAL FINANCIAL SERVICES FUND 147.400
FIDELITY COMMONWEALTH TRUST IIFIDELITY INTL ENHANC 9.662
FIDELITY CONCORD STREET TRUST: SPARTAN INTERNATIONAL INDEX FD 10.475.688
STATE OF FLORIDA BIRTH-RELATED NEUROLOGICAL INJURY COMPENSATION ASSOCIATION 415.227
FIRE AND POLICE PENSION ASSOCIATION OF COLOR 236.008
FIRE AND POLICE PENSION ASSN OFCOLORADO 425.423
RIVERWOOD INTERNATIONAL CORPORATION MASTER PENSION TRUST 76.240
METROPOLE NEW EUROPEAN COUNTRIES SGBT LUXEMBOURG 390.000
IRISH AIRLINES (GENERAL EMPLOYEES) SUPERANNUATION 3.817.702
LANCASHIRE COUNTY PENSION FUND. 771.300
RBS GROUP PENSION FUND 2.230.400
ESB GENERAL EMPLOYEES SUPERANNUATION SCHEME 594.205
WORCESTERSHIRE COUNTY COUNCIL PENSION FUND 1.165.427
PRINCIPAL GLOBAL INVESTORS TRUST-INTERNATIONAL EQUITY FUND 96.260
QUEENSLAND INVESTMENT CORPORATION 177.330
NBT MAIN A C (NCB CLEARING SVCS) 938.293
HEALTHCARE EMPLOYEES` PENSION PLAN - MANIT 1.590.118
BOC PENSION INVESTMENT FUND BOCPENSIONS LIMITED 285.598
CO-OPERATIVE INSURANCE SOCIETY LTD 11.886.748
ACHMEA PENSIOEN EN LEVENSVERZEKERINGEN N.V. 111.687
WELLMARK OF SOUTH DAKOTA INC . 94.327
MCKINLEY CAPITAL MANAGEMENT FUND PLC 19.877
IOWA PUBLIC EMPLOYEES` RETIREMENT SYSTEM 2.726.570
BMO INTERNATIONAL EQUITY HEDGEDTO CAD INDEX ETF 118.513
RIVER AND MERCANTILE UK EQUITYLONG TERM RECOVERY FUND 140.000
BERKELEY SQUARE COMMON INVESTMENT FUND LIMITED 302.443
COUNTY OF LOS ANGELES DEFERRED COMPENSATION AND THRIFT PLAN 1.674.327
DELAWARE CONSERVATIVE ALLOCATION PORTFOLIO 80.737
DELAWARE GROUP FOUNDATION FUND - DELAWARE FOUNDATION EQUITY 3.271
LUCENT TECHNOLOGIES INC. DEFINED CONTRIBUTION PLAN MASTER TRUST 391.602
LUCENT TECHNOLOGIES INC. MASTERPENSION TRUST 1.098.116
THE LINCOLN NATIONAL LIFE INSURANCE CO.(SEPARATE A 1.031.006
STICHTING BEWAARDER INTERPOLIS PENSIOENEN BELEGGINGSPOOLS 506.323
SRLEV NV INZ. AAND. POOL INT. MNDT SNS ASSET MNG 1.200.000
STG PFDS CORP EXPRESS MANDAAT ALLIANCE CAPITA 218.455
BPS 901.223
THE MOWLEM STAFF PENS LIFE ASS SCHEME 159.960
STICHTING BEWAARDER AZL EQUITY FUND 301.490
BPL 5.168.005
STICHTING PENSIOENFONDS VOOR DE GRAFISCHE BEDRIJVEN 1.381.900
PETTELAAR EFFECTENBEW INZ SNSRESP IND FND 1.421.402
STICHTING BEDRIJKSTAKPENSIENFONDS VOOR HET KAPPERSBEDRIJF 34.531
STICHTING PFDS VOOR DE TANDTECHNIEK 70.564
STICHTING BEDRIJFSTAKPENSIOENFONDS VOOR HET LEVENSMIDDELENBEDRIJF 395.815
MELLON BANK NA EMPLOYEE BENEFITCOLLECTIVE INVESTMENT 6.833.130
THE MAPLE LEAF FOOD INC. MASTERTRUST NO. 2 549.800
MUNICIPAL FIRE AND POLICE RETIREMENT SYSTEM OF 85.534
MARANIC II LLC . 18.884
MANVILLE PERSONAL INJURY SETTLEMENT TRUST 121.815
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF MISSISSIPI 1.901.166
INVESCO FONDS CAT 2 SPERRKONTO 719.714
MERCK AND CO., INC MASTER RETIREMENT TRUST 371.565
MERCK AND CO., INC UNION VEBA TRUST 68.865
NSP MONTICELLO MINNESOTA RETAILQUALIFIED TRUST 63.990
NSP MINNESOTA PRAIRIE I RETAIL QUALIFIED TRUST 50.096
NSP MINNESOTA RETAIL PRAIRIE IIQUALIFIED TRUST 55.285
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF NEVADA 1.508.633
RETIREMENT BENEFITS INVESTMENT FUND 21.454
NEW YORK STATE DEFERRED COMPENSATION PLAN 707.815
TEACHERS` RETIREMENT SYSTEM OF THE CITY OF NEW Y 1.022.950
ONTARIO POWER GENERATION INC. PENSION PLAN 935.460
PG&E POSTRET. MEDICAL PLAN TR.MGMT & NONBARGAINING 36.292
HEALTH CARE SECURITY TRUST . 24.764
PARKER - HANNIFIN MASTER TRUST 437.685
PROMEDICA HEALTH SYSTEM INC. CASH BALANCE RETIREM 72.328
PENSION RESERVES INVESTMENT TRUST FUND 6.872.989
PUBLIC EMPLOYEE RETIREMENT SYSTEM OF IDAHO 971.455
NATIONWIDE LIFE INSURANCE COMPANY OF AMERICA 33.485
PAYDEN GLOBAL FUNDS PLC . 2.828
POLYONE CORPORATION MASTER TRUST 162.410
QUEEN`S UNIVERSITY AT KINGSTON 207.900
ROHM AND HAAS MASTER TRUST . 156.125
pag. 31

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
RUSSELL INSTITUTIONAL FUNDS LLCRUSSELL INTL EQUITY FUND 708.706
SOUTHERN CALIFORNIA EDISON CO NUCLEAR FACILITIES Q 617.215
SOUTHERN CALIFORNIA EDISON COMPANY RETIREMENT P 81.908
SASKATCHEWAN HEALTHCARE EMPLOYEES` PENSION PLAN 1.315.652
NEXTERA ENERGY SEABROOK LLC PART IN SEABROOK NUCLEAR FIN FUND 154.549
UNIVERSITY OF NEBRASKA FOUNDATION 243.300
GOLDMAN SACHS GLOBAL EQUITY PARTNERS I LLC 410.043
FRONTEGRA MASTHOLM INTERNATIONAL EQUITY FUNDD 49.800
WM POOL CAPITAL INTERNATIONAL GLOBAL EQUITIES TRUST 4.839.550
SELECT WORLD EQUITY FUND 1.016.290
AGENTE:DEUTSCHE BANK AG/SOCIETE` GENERALE 100.000
GOVERNORS OF THE UNIVERSITY OF ALBERTA 247.600
THE CANADA LIFE CANADIAN EMPLOYEES PENSION PLAN 208.355
TD INTERNATIONAL EQUITY FUND . 3.651.900
TULARE COUNTY EMPLOYEES` RETIREMENT ASSOCATION 345.420
TENNESSEE VALLEY AUTHORITY RETIREMENT SYSTEM 115.690
CURATORS OF THE UNIVERSITY OF MISSOURI RETIR DISAB DEATH BENEFIT 797.005
UNITED TECHNOLOGIES CORP. MASTER RETIREMENT TR 1.394.860
VULCAN ASSET MANAGEMENT LLC 91.000
WK KELLOG G FOUNDATION TRUST 375.980
SEQUOIA FUNDATION 1.279
STEWARDSHIP FOUNDATION 9.766
WBW TRUST NUMBER ONE 1.997
1975 IRREVOCABLE TRUST OF CD WEYERHAUSER 9.208
1973 IRREVOCABLE TRUST OF CD WEYERHAUSER 1.582
SISTERS OF THE PRESENTATION 16.888
DTE ENERGY COMPANY AFFILIATES EMP BENEFIT PLANS MA 801.260
TIME WARNER CABLE PENSION PLAN S MASTER TRUST 615.486
MILLPENCIL (US) LP 33.451
PACIFIC GAS AND ELECTRIC QUALIFIED CPUC DECOMMISSIONING TRUST 522.096
PANAGORA GROUP TRUST . 29.479
THE CALIFORNIA ENDOWMENT . 6.364
CORNHUSKER ENERGY LEXINGTON LLC 4.126
STICHTING RABOBANK PENSIOENFONDS 661.755
BELEGGINSPOOL ACHMEA AANDELEN EURO 2.501.506
BELEGGINGSPOOL ACHMEA 619.595
INTERPOLIS PENSIOENEN EUROPA POOL 346.496
STICHTING TRUST F&C UNHEDGE . 38.932
AMUNDI FUNDS GEMS EUROPE ACCOUNT 9.403
AMUNDI FUNDS INDEX EURO ACCOUNT 1.065.021
AMUNDI FUNDS INDEX EUROPE ACCOUNT 1.174.592
AMUNDI FUNDS SELECT EURO 113.518
AMUNDI FUNDS GLOBAL FINANCE 76.790
MAXIM MFS INTERN. VALUE PORTF. OF MAXIM SERIES FUND INC 8515 422.428
GE FUNDS GE TOTAL RETURN FUND 132.043
GE FUNDS GE INTERNATIONAL EQUITY FUND 136.179
KOOKMIN BK AS TRUSTEE OF FIDELITY KOREA-GLOBAL FIN.SERV.MULTICL 29.600
INTERNATIONAL VALUE FUND 6.100
PENSION FUND SOCIETY OF THE BANK OF MONTREAL 303.900
CIBC BANK AND TRUST COMPANY CAYMAN LIMITED 951
MATMUT ACTIONS EURO 800.000
MLC LIMITED 83.301
AGENTE:NORTHERN TRUST -LO/FORD FOUNDATION 689.034
AGENTE:JP MORGAN CHASE BANK/THE CHASE MANHATTAN BANK 14.021
AGENTE:JP MORGAN CHASE BANK/THE CHASE MANHATTAN BANK 69.891
AGENTE:STATE STREET BANK AND TRUST COMPANY/BRUNEI INVESTMENT AGENCY 1.452.594
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE OF ALASKA RETIREMENT AND BENEFITS 267.549
PLANS
AGENTE:JP MORGAN CHASE BANK/SAS TRUSTEE CORPORATION 3.007.360
AGENTE:JP MORGAN CHASE BANK/SAS TRUSTEE CORPORATION 1.678.146
AGENTE:NORTHERN TRUST -LO/PFIZER INC.RETIREMENT ANNUITY PLAN 338.294
IMPERIAL INTERNATIONAL EQUITY POOL 2.559.075
AGENTE:STATE STREET BANK AND TRUST COMPANY/BP PENSION FUND 6.126.295
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 434.092
AGENTE:JP MORGAN CHASE BANK/NEW YORK STATE COMMON RETIREMENT FUND 3.183.498
AGENTE:STATE STREET BANK AND TRUST COMPANY/ORANGE COUNTY EMPLOYEES RETIREMENT 67.102
SYSTEM
AGENTE:NORTHERN TRUST -LO/INTERNATIONAL EQUITY FUND 123.032
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMERICAN HEART ASSOCIATION 27.379
BELL ATLANTIC MASTER TRUST 270.749
BELL ATLANTIC MASTER TRUST 307.540
BELL ATLANTIC MASTER TRUST 4.087.413
AGENTE:JP MORGAN CHASE BANK/TEACHERS RETIREMENT SYSTEM OF OKLAHOMA 3.097.087
AGENTE:JP MORGAN CHASE BANK/SBC MASTER PENSION TRUST 491.774
pag. 32

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
AGENTE:NORTHERN TRUST -LO/NAV CANADA PENSION PLAN 1.282.674
AGENTE:STATE STREET BANK AND TRUST COMPANY/ARIZONA STATE RETIREMENT SYSTEM 944.231
CENTRICA COMBINED COMMON INVESTMENT FUND 600.334
UNISYS MASTER TRUST 761.400
CITY OF NEW YORK GROUP TRUST 1.997.176
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE OF MINNESOTA 285.048
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE OF MINNESOTA 495.443
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE OF MINNESOTA 3.020.563
AGENTE:NORTHERN TRUST -LO/NATIONAL RAILROAD INVESTMENT TRUST 4.224.252
IMPERIAL OVERSEAS EQUITY POOL 331.749
AGENTE:NORTHERN TRUST -LO/MICROSOFT GLOBAL FINANCE LIMITED 2.509.190
AGENTE:NORTHERN TRUST -LO/SANFORD BERNSTEIN DELAWARE BUSINESS 833.265
AGENTE:STATE STREET BANK AND TRUST COMPANY/WESTPAC STAFF SUPERANNUATION PLAN 6.500
AGENTE:STATE STREET BANK AND TRUST COMPANY/UNIVERSITY OF TORONTO MASTER TRUST 28.850
EMERGENCY SERVICES SUPERANNUATION SCHEME 77.775
RICHIEDENTE:CBNY S/A AGF EURO EQUITY FUND/AGF FUNDS INC 41.504
RICHIEDENTE:CBNY S/A AGF EURO EQUITY FUND/AGF FUNDS INC 297.665
STATE OF WISCONSIN INVESTMENT BOARD 6.098.700
AGENTE:NORTHERN TRUST -LO/FORD MOTOR COMPANY DEFINED BENEFIT 193.940
AGENTE:NORTHERN TRUST -LO/FORD MOTOR COMPANY DEFINED BENEFIT 1.900.068
AGENTE:NORTHERN TRUST -LO/HONEYWELL INT INC MASTER RETIR TRUST 946.100
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMERICAN BEACON INTERNATIONAL EQUITY 3.023.896
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHNSON & JOHNSON PENSION & SAVINGS PLANS 604.503
MASTER TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/CONSOLIDATED EDISON RETIREMENT PLAN 449.479
AGENTE:STATE STREET BANK AND TRUST COMPANY/PRUDENTIAL RETIREMENT INSURANCE & 3.552.433
ANNUITY COMPANY
AGENTE:NORTHERN TRUST -LO/THE TAYSIDE SUPERANNUATION FUND 7.426.543
AGENTE:NORTHERN TRUST -LO/WHEELS COMMON INVESTMENT FUND 797.029
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE OF CONNECTICUT RETIREMENT PLANS & 2.916.679
TRUST FUNDS
ARK LIFE ASSURANCE COMPANY LIMITED 52.822
AGENTE:NORTHERN TRUST -LO/NATIONAL COUNCIL FOR SOCIAL SEC FUND 272.393
AGENTE:STATE STREET BANK AND TRUST COMPANY/LONDON BOROUGH OF BARKING & DAGENHAM 489.621
SUPERANNUATION FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/GOVERNING COUNCIL OF THE UNIVERSITY OF 21.283
TORONTO
AGENTE:STATE STREET BANK AND TRUST COMPANY/METROPOLITAN LIFE INSURANCE COMPANY 370.648
AGENTE:JP MORGAN BANK LUXEM/FRANKLIN TEMPLETON INVESTMENT FUNDS 267.591
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMERICAN AIRLINES INC., MASTER FIXED 4.324.077
BENEFIT PENSION TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/DELUXE CORPORATION MASTER RETIREMENT 267.569
TRUST PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/FRESNO COUNTY EMPLOYEES` RETIREMENT 350.812
ASSOCIATION
AGENTE:NORTHERN TRUST -LO/NORTHERN TRUST ROBUSTA FUND 1.370.439
THE BANK OF KOREA 31.521
AGENTE:STATE STREET BANK AND TRUST COMPANY/GMAM INVESTMENT FUNDS TRUST 981.826
AGENTE:STATE STREET BANK AND TRUST COMPANY/MINISTRY OF STRATEGY AND FINANCE 64.842
AGENTE:STATE STREET BANK AND TRUST COMPANY/MINISTRY OF STRATEGY AND FINANCE 595.985
AGENTE:STATE STREET BANK AND TRUST COMPANY/MGI INTERNATIONAL EQUITY FUND 125.520
PRINCIPAL FUNDS INC INTERNATIONAL VALUE FUND 1 4.290.762
PRINCIPAL FUNDS INC INTERNATIONAL VALUE FUND 1 4.405.168
AGENTE:NORTHERN TRUST -LO/CITY OF MILWAUKEE EMPLOY RETIREMENT 887.327
AGENTE:STATE STREET BANK AND TRUST COMPANY/MGI NON-US CORE EQUITY FUND 553.061
VEBA PARTNERSHIP N LP . 118.500
CANADIAN PACIFIC RAILWAY COMPANY PENSION PLAN 430.849
KANSAS PUBLIC EMPLOYEES RETIREMENT 743.031
KANSAS PUBLIC EMPLOYEES RETIREMENT 1.249.295
AGENTE:NORTHERN TRUST -LO/TENNESSE CONSOLIDATED RETIREMENT SYSTEM 653.782
AGI FRANCE 20.414.411
AGENTE:UBS AG -ZURICH/UBS FUND MANAGEMENT (SWITZERLAND) AG 1.919.754
FONDS DE RESERVE POUR LES RETRAITES 21.939.432
AMERICAN ELECTRIC POWER MASTER RETIREMENT TRUST 523.437
AMERICAN ELECTRIC POWER SYSTEM RETIREE LIFE INSURANCE TRUST 43.686
AMERICAN ELECTRIC POWER SYSTEM RETIREE MEDICAL TRUST FOR CERTAIN UNION 113.840
ESSEX COUNTY COUNCIL . 160.622
ENERGY EAST CORPORATION MASTERTRUST 332.183
MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHST 1.878.024
MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHST 2.402.772
TREASURER OF THE STATE OF NORTHCAROLINAEQUITY INVESTMENT FUND POOLED 5.918.691
NATIONAL PENSIONS RESERVE FUNDCOMMISSION 4.089.651
AGENTE:BROWN BROTHERS HARR/BBH B J T S RE CMA MFS EX-JAPAN GROWTH MOTHER FUND 23.278
pag. 33

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
AGENTE:BROWN BROTHERS HARR/BBH B J T S RE CMA MFS EX-JAPAN GROWTH MOTHER FUND 624.030
AGENTE:STATE STREET BANK AND TRUST COMPANY/ARCHITAS MULTI-MANAGER ICVC II 299.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/FLOURISH INVESTMENT CORPORATION 3.624.357
AGENTE:STATE STREET BANK AND TRUST COMPANY/TEACHERS` RETIREMENT SYSTEM OF THE STATE 1.028.726
OF ILLINOIS
SUNSUPER SUPERANNUATION FUND 321.419
OGLETHORPE POWER CORPORATION 298.058
RICHIEDENTE:CBHK S/A CFSIL COMMONWEALTH GL SF 23/COLONIAL FIRST STATE INVESTMENTS 899.155
LIMITED
GENERALI INVESTMENTS FRANCE 1.030.299
AGENTE:STATE STREET BANK AND TRUST COMPANY/MARQUIS INSTITUTIONAL GLOBAL EQUITY 59.625
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/UAW RETIREE MEDICAL BENEFITS TRUST 1.991.115
AGENTE:STATE STREET BANK AND TRUST COMPANY/UAW RETIREE MEDICAL BENEFITS TRUST 474.429
AGENTE:STATE STREET BANK AND TRUST COMPANY/UAW RETIREE MEDICAL BENEFITS TRUST 3.328.043
AGENTE:STATE STREET BANK AND TRUST COMPANY/CHRYSLER LLC MASTER RETIREMENT TRUST 3.171.586
ALASKA PERMANENT FUND CORPORATION 3.327
COX ENTERPRISES INC MASTER TRUST 267.084
EMPLOYEE RETIREMENT INCOME PLANTRUST OF 3M COM 142.836
OPEC FUND FOR INTERNATIONAL DEVELOPMENT 174.639
OIL INVESTMENT CORPORATION LTD&OIL CAS INVESTMENT 291.807
AGENTE:BP2S SINGAPORE/FUTURE DIRECT CORE INTERN SHARE FUND 2 4.796.224
AGENTE:JP MORGAN CHASE BANK/JEFFREY LLC 264.778
AGENTE:JP MORGAN CHASE BANK/AUSTRALIAN REWARD INVESTMENT ALLIANCE 576.591
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN COLLECTIVE INVESTMENT 80.835
TRUST SERIES
ONTARIO PENSION BOARD . 578.056
ONTARIO PENSION BOARD . 2.452.469
ONTARIO POWER GENERATION INC . 511.067
GOLDMAN SACHS FOUNDATION . 347.266
AGENTE:JP MORGAN CHASE BANK/PUBLIC EMPLOYEES RETIREMENT ASSOCIATION 1.487.029
AGENTE:JP MORGAN BANK IRELA/SANLAM UNIVERSAL FUNDS PUBLIC LIMITED CO 152.204
AGENTE:JP MORGAN CHASE BANK/INTECH INTERNATIONAL SHARES HIGH OPPORTU 59.201
AGENTE:JP MORGAN CHASE BANK/LABOR PENSION FUND SUPERVISORY COMMITTEE 210.614
AGENTE:JP MORGAN CHASE BANK/LABOR PENSION FUND SUPERVISORY COMMITTEE 1.392.347
AGENTE:JP MORGAN CHASE BANK/LABOR PENSION FUND SUPERVISORY COMMITTEE 103.354
AGENTE:JP MORGAN CHASE BANK/THE TRUSTEE FOR INTERNATIONAL EQUITIES S 214.940
AGENTE:JP MORGAN CHASE BANK/THE BOEING COMPANY EMPLOYEE RETIREMENT P 689.923
AGENTE:JP MORGAN CHASE BANK/AXA PREMIER VIP TRUST - MULTIMANGER INTE 448.606
AGENTE:JP MORGAN CHASE BANK/NVIT MULTI-MANAGER INTERNATIONAL VALUE F 1.266.938
AGENTE:JP MORGAN CHASE BANK/DOW EMPLOYEES PENSION PLAN TRUST 578.292
AGENTE:JP MORGAN CHASE BANK/UNION CARBIDE EMPLOYEES` PENSION PLAN 109.717
AGENTE:JP MORGAN CHASE BANK/EQ ADVISORS - AXA TACTICAL MANAGER INTER 850.448
AGENTE:JP MORGAN CHASE BANK/STATE OF INDIANA, PUBLIC EMPLOYEES` RETI 440.893
AGENTE:JP MORGAN CHASE BANK/JOHN LEWIS PARTNERSHIP PENSIONS TRUST AS 171.365
AGENTE:JP MORGAN CHASE BANK/PUBLIC EDUCATION RET SYSTEM MISSOURI 24.699
AGENTE:JP MORGAN CHASE BANK/PUBLIC SCHOOL RET SYSTEM OF MISSOURI 290.753
AGENTE:JP MORGAN CHASE BANK/SUPERANNUATION FUNDS MANAGEMENT CORPORAT 1.583.365
AGENTE:STATE STREET BANK AND TRUST COMPANY/ORG FOR SMALL&MEDIUM ENTERPRISES AND 1.300.892
REGIONAL INNOVATION
AGENTE:STATE STREET BANK AND TRUST COMPANY/IPAC SPEC INV STRATEGIES - INT SHARE 586.310
STRATEGY NO 1
AGENTE:STATE STREET BANK AND TRUST COMPANY/HONG KONG SPECIAL ADMINISTRATIVE REGION 2.653.324
GOVERNMENT-EXCHANGE F
AGENTE:STATE STREET BANK AND TRUST COMPANY/HONG KONG SPECIAL ADMINISTRATIVE REGION 2.501.597
GOVERNMENT-EXCHANGE F
AGENTE:STATE STREET BANK AND TRUST COMPANY/INTERNATIONAL PAPER CO COMMINGLED 556.117
INVESTMENT GROUP TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/INTERNATIONAL PAPER CO COMMINGLED 333.561
INVESTMENT GROUP TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMERICAN AIRLINES PILOTS RET BENEFIT 1.316.858
PROGRAM VAR INCOME PLAN
COUNTY EMPLOYEES ANNUITY AND BENEFIT FUND OF COOK COUNTY 378.290
EVANGELICAL LUTHERAN CHURCH INAMERICA BOARD OF PEN 866.383
ESB GENERAL EMPLOYEES SUPERANNUATION SCHEME 2.914.165
QUEENSLAND INVESTMENT CORPORATION 1.294.039
LUCENT TECHNOLOGIES INC. DEFINED CONTRIBUTION PLAN MASTER TRUST 557.483
LUCENT TECHNOLOGIES INC. MASTERPENSION TRUST 308.471
LUCENT TECHNOLOGIES INC. MASTERPENSION TRUST 699.009
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF MISSISSIPI 686.387
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF NEVADA 3.209.492
NEW YORK STATE DEFERRED COMPENSATION PLAN 135.048
PUBLIC EMPLOYEE RETIREMENT SYSTEM OF IDAHO 531.757
PUBLIC EMPLOYEE RETIREMENT SYSTEM OF IDAHO 766.997
QUEEN`S UNIVERSITY AT KINGSTON 20.600
pag. 34

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
QUEEN`S UNIVERSITY AT KINGSTON 65.800
CURATORS OF THE UNIVERSITY OF MISSOURI RETIR DISAB DEATH BENEFIT 397.809
UNITED TECHNOLOGIES CORP. MASTER RETIREMENT TR 1.118.714
PENSION FUND SOCIETY OF THE BANK OF MONTREAL 302.700
__________
Number of proxies represented by badge: 2.151 4.641.317.063
7 Proxy givers of DRAGHI GIORGIO Badge no. 1574
Azioni
ITALMOBILIARE SPA 99.793.905
di cui 23.647.799 azioni in prestito titoli con diritto di voto a favore del prestatore. Intestatario MEDIOBANCA S.P.A.
di cui 51.433.962 in garanzia a BNP PARIBAS SUCC.LE ITALIA
MAX MARA INTERNATIONAL S.A. 100.106.114
INTERNATIONAL FASHION TRADING S.A. 98.787.317
SOGEPLUS 14.484.276
__________
Number of proxies represented by badge: 4 313.171.612
8 Proxy giver of GALLINGANI ALFEO Badge no. 1240
Azioni
COFIMAR S.R.L. 21.902.751
21.902.751
9 Proxy giver of GUERRA GIORGIO Badge no. 1751
Azioni
GUERRA OSCAR 7
7
10 Proxy giver of LI CALZI CLEO Badge no. 1895
Azioni
RICHIEDENTE:LOMBARDO RAFFAELE/REGIONE SICILIANA 94.985.136
94.985.136
11 Proxy giver of MARBOT MICHEL MARIE PIERRE Badge no. 1978
Azioni
STOWARZYSZENIE PRZEJRZYSTY RYNEK 1
1
12 Proxy giver of PIPPONZI IVANA ENRICA Badge no. 2006
Azioni
DIODATO MARIA ROSARIA 10
10
13 Proxy giver of PUGLISI GIOVANNI Badge no. 541
Azioni
RICHIEDENTE:PUGLISI GIOVANNI/FONDAZIONE BANCO DI SICILIA 92.162.769
di cui 23.000.000 in garanzia a UNICREDIT BANCA
92.162.769
14 Proxy givers of ROSANIA ELMAN Badge no. 1287
Azioni
ACQUAVIA VITO ANTONIO 11
GALANO PASQUALE 8.329
GIGLIO DOMENICO 144
NOLE` ORIANA 3.310
MIMMO ANTONIO 14.289
CASELLA POTITO 24
DI LUCCHIO GIANPAOLO CRISTIAN 3.984
DELLI COLLI VALERIA 57.948
NOTARGIACOMO GIULIA 71.232
CAPPIELLO ANDREA 965
ATELLA GIANFRANCO 1.733
DELLI COLLI CLEMENTE 128.301
POTENZA DONATO 10.000
BUFANO TOMMASO 13
CATAPANO SALVATORE CARMINE VINCENZO 5
pag. 35

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
DI LUCCHIO LOREDANA ERMINIA 1.986
MITRIONE MARIA ADELAIDE 6.172
GUALANDI BIANCA ENRICA 1.818
SARI ANGELO 18.213
VARLOTTA CINZIA ANNAMARIA 10
LUCIANO LIDIA 10
VARLOTTA GIOVANNI 10
DE BONIS DONATO ANTONIO 11
CORDASCO DOMENICO 11
TELESCA MARIA LUIGIA 197
TELESCA GIANLUCA 173
TELESCA FRANCESCO SAVERIO 173
__________
Number of proxies represented by badge: 27 329.072
15 Proxy giver of ROSSI AGOSTINO Badge no. 1475
Azioni
ROSSI PAOLO 10.998
10.998
16 Proxy giver of SANTANGELO PAOLO Badge no. 1187
Azioni
RICHIEDENTE:PANICCIA MASSIMO/FONDAZIONE CRTRIESTE 62.651.008
62.651.008
17 Proxy giver of SINAGRA FAUSTO Badge no. 1236
Azioni
RICHIEDENTE:BIASI PAOLO/FONDAZIONE CASSA DI RISPARMIO DI VERONA VICENZA BELLUNO E 811.550.000
ANCONA
811.550.000
18 Proxy givers of UNGARI RICCARDO Badge no. 1588
Azioni
AUGUSTA VITA SPA 223.836
GENERALI PERSONENVERSICHERUNGEN 264.987
ASSICURAZIONI GENERALI SPA 7.762.643
AGRICOLA SAN GIORGIO SPA 151.200
GENAGRICOLA GENERALI AGRICOLTURA SPA 15.228
BANCA GENERALI SPA 130.923
AACHENMUENCHENER VERSICHERUNG AG 254.268
AUGUSTA ASSICURAZIONI SPA 7.475.000
FATA VITA SPA 47.295
INA ASSITALIA SPA 27.356.486
GENERALI VIE EURO EPARGNE 5.710.940
GENERALI VIE RETRAITE 1.672.487
GENERALI VIE FONDS PROPRES 815.846
GENERALI LEBENSVERSICHERUNG AG 2.033.788
GENERALI ASSURANCES GENERALES SA 260.075
ALLEANZA TORO SPA 5.337.474
GENERALI VIE EX PRUDENCE VIE 2.311.571
GENERALI VIE RCR 95.181
GENERALI VIE FRANCE 3 27.193
INF-SOCIETA` AGRICOLA- SPA 56.019
RICHIEDENTE:CBJER S/A GENERALI WLD P/H AIARC RE JP/GENERALI WORLDWIDE INSURANCE 230.945
COMPANY LIMITED
GENERALI LV NV 489.792
AACHENMUENCHENER LEBENSVERISCHERUNG AG 2.184.195
GENERTELLIFE SPA 3.992.785
GENERALI INVESTMENTS DEUTSCHLAND KAG MBH 534.338
RICHIEDENTE:SANTANDER INVESTMENT SA/GENERALI 878.000
GENERALI INVESTMENTS DEUTSCHLAND KAG MBH 4.013.911
GENERALI VIE FONDS GENERAL 543.896
EQUITE SV TRESORERIE LA THUILLE PREMAT 67.984
__________
Number of proxies represented by badge: 29 74.938.286
19 Proxy givers of VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) Badge no. 1654
Azioni
ZOLA UMBERTO CARLO 10
ROSSETTI RAUL FERNANDO 4.050
pag. 36

UniCredit S.p.A.
Ordinary Shareholders' Meeting
in second call
* LIST OF PROXY GIVERS *
DI NOIA CARMINE 6.515
BETTINI ELIO 9.200
__________
Number of proxies represented by badge: 4 19.775
20 Proxy givers of WOLFGRING ALEXANDER Badge no. 2021
Azioni
BA-CA-PRIMA-PRIVATSTIFTUNG 1.416.503
BETRIEBSRAT DER ANGESTELLTEN DER BANK AUSTRIA AG 756
AVZ GMBH 43.180.010
RICHIEDENTE:ZWICKL FRANZ/PRIVATSTIFTUNG ZUR VERWALTUNG VON ANTEILSRECHTEN 86.869.465
BA-CA-PRIMA PRIVATSTIFTUNG 3.586.188
__________
Number of proxies represented by badge: 5 135.052.922
pag. 37

UniCredit S.p.A. 29 April 2011 20.11.56
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
RESULTS OF VOTING
Subjetc : Amendments to Articles of Association
17 (*) persons entitled to vote took part in the voting, representing 8.340.545.903 ordinary shares, equating to
43,272995 % of ordinary share capital of which 17.368 shares were represented in person and 8.340.528.535 by
proxy.
8.340.545.903 ordinary shares were admitted to voting, corresponding to 100,000000% of the shares
represented at the meeting.
The counting of votes produced the following results:
% of share capital present and entitled
to vote %ordinary capital
In Favour 8.164.766.075 votes equating to 97,892466 42,361002
AGAINST 170.135.605 votes equating to 2,039862 0,882709
Sub-Total 8.334.901.680 votes equating to 99,932328 43,243711
Abstentions 5.315.161 votes equating to 0,063727 0,027576
Not Voting 329.062 votes equating to 0,003945 0,001707
Sub-Total 5.644.223 votes equating to 0,067672 0,029284
Total 8.340.545.903 votes equating to 100,000000 43,272995
Pursuant to art. 135-undecies of TUF 0 shares were not counted for the calculation of the majority and of share
capital needed for approval to voting, corresponding to % of the shares represented at the meeting.
(*)NOTE:
There were 0 more people in attendance entitled to vote relative to the previous count, representing an
addintional 0,000000% of ordinary share capital.
Pag. 1

UniCredit S.p.A. 29 April 2011 20.11.56
RESULTS OF VOTING
Subjetc: Modifica dello Statuto Sociale
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
1027 DE COSMO AMANDA 0 0 0
**D EUROPACIFIC GROWTH FUND 0 68.427.598 68.427.598
**D WEST MIDLANDS METROPOLITAN AUTHORITI 0 3.230.000 3.230.000
**D WEST YORKSHIRE PENSION FUND 0 2.965.509 2.965.509
**D CAPITAL WORLD GROWTH INCOME FUND INC 0 44.540.800 44.540.800
**D NOTTINGHAMSHIRE COUNTY COUNCIL PENSION FUND 0 888.181 888.181
**D AMERICAN FUNDS INSURANCE SERIES INTERNATIONAL FUND 0 33.836.448 33.836.448
**D CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0 12.303.519 12.303.519
**D MERSEYSIDE PENSION FUND 0 2.284.665 2.284.665
**D UNISUPER 0 1.072.979 1.072.979
**D SOMERSET COUNTY COUNCIL PENSIONFUND 0 445.896 445.896
**D RIVER AND MERCANTILE UK EQUITYLONG TERM RECOVERY FUND 0 140.000 140.000
1287 ROSANIA ELMAN 0 0 0
*** LUCIANO LIDIA 0 10 10
Total vote 170.135.605
Percentage of voters% 2,039862
Percentage of Capital% 0,882709
Page 1

UniCredit S.p.A. 29 April 2011 20.11.56
RESULTS OF VOTING
Subjetc: Modifica dello Statuto Sociale
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
ABSTENTIONS
1027 DE COSMO AMANDA 0 0 0
**D NATIONAL AUTOMATIC SPRINKLER INDUSTRY PENSION FUND (TRILOGY) 0 519.485 519.485
**D 1199 HEALTHCARE EMPLOYEES PENSION TRUST 0 2.205.001 2.205.001
**D CITY OF PHILADELPHIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0 352.048 352.048
**D IAM NATIONAL PENSION FUND 0 465.167 465.167
**D ELECTRICAL WORKERS LOCAL 26 PENSION TRUST FUND 0 99.123 99.123
**D COUNTY OF LOS ANGELES DEFERRED COMPENSATION AND THRIFT PLAN 0 1.674.327 1.674.327
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 10 10
Total vote 5.315.161
Percentage of voters% 0,063727
Percentage of Capital% 0,027576
Page 2

UniCredit S.p.A. 29 April 2011 20.11.56
RESULTS OF VOTING
Subjetc: Modifica dello Statuto Sociale
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
NOT VOTING
1287 ROSANIA ELMAN 0 0 0
*** CASELLA POTITO 0 24 24
*** CAPPIELLO ANDREA 0 965 965
*** GALANO PASQUALE 0 8.329 8.329
*** ACQUAVIA VITO ANTONIO 0 11 11
*** TELESCA FRANCESCO SAVERIO 0 173 173
*** NOTARGIACOMO GIULIA 0 71.232 71.232
*** MITRIONE MARIA ADELAIDE 0 6.172 6.172
*** DI LUCCHIO LOREDANA ERMINIA 0 1.986 1.986
*** DI LUCCHIO GIANPAOLO CRISTIAN 0 3.984 3.984
*** DELLI COLLI CLEMENTE 0 128.301 128.301
*** DELLI COLLI VALERIA 0 57.948 57.948
*** TELESCA GIANLUCA 0 173 173
*** TELESCA MARIA LUIGIA 0 197 197
*** DE BONIS DONATO ANTONIO 0 11 11
*** VARLOTTA GIOVANNI 0 10 10
*** ATELLA GIANFRANCO 0 1.733 1.733
*** SARI ANGELO 0 18.213 18.213
*** BUFANO TOMMASO 0 13 13
*** MIMMO ANTONIO 0 14.289 14.289
*** GIGLIO DOMENICO 0 144 144
*** CORDASCO DOMENICO 0 11 11
*** CATAPANO SALVATORE CARMINE VINCENZO 0 5 5
*** NOLE` ORIANA 0 3.310 3.310
*** POTENZA DONATO 0 10.000 10.000
*** GUALANDI BIANCA ENRICA 0 1.818 1.818
*** VARLOTTA CINZIA ANNAMARIA 0 10 10
Total vote 329.062
Percentage of voters% 0,003945
Percentage of Capital% 0,001707
Page 3

UniCredit S.p.A. 29 April 2011 20.24.58
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
RESULTS OF VOTING
Subjetc : Delegation to share capital increase €103,000,000
17 (*) persons entitled to vote took part in the voting, representing 8.340.545.903 ordinary shares, equating to
43,272995 % of ordinary share capital of which 17.368 shares were represented in person and 8.340.528.535 by
proxy.
8.340.545.903 ordinary shares were admitted to voting, corresponding to 100,000000% of the shares
represented at the meeting.
The counting of votes produced the following results:
% of share capital present and entitled
to vote %ordinary capital
In Favour 6.348.885.062 votes equating to 76,120738 32,939723
AGAINST 1.972.970.031 votes equating to 23,655167 10,236299
Sub-Total 8.321.855.093 votes equating to 99,775904 43,176022
Abstentions 18.361.748 votes equating to 0,220150 0,095266
Not Voting 329.062 votes equating to 0,003945 0,001707
Sub-Total 18.690.810 votes equating to 0,224096 0,096973
Total 8.340.545.903 votes equating to 100,000000 43,272995
Pursuant to art. 135-undecies of TUF 0 shares were not counted for the calculation of the majority and of share
capital needed for approval to voting, corresponding to % of the shares represented at the meeting.
(*)NOTE:
There were 0 more people in attendance entitled to vote relative to the previous count, representing an
addintional 0,000000% of ordinary share capital.
Pag. 1

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
1027 DE COSMO AMANDA 0 0 0
**D CIBC BANK AND TRUST COMPANY CAYMAN LIMITED 0 951 951
**D ROYAL BANK OF CANADA (CHANNELL ISLANDS) LIMITED 0 2.222 2.222
**D LPIP, AKT GLOBALE II(AKTIV FOR C/O NYKREDIT PORTEFOLJE ADM. A/S 0 327.839 327.839
**D LPI AKTIER GLOBALE V C/O NYKREDIT PORTEFOLJE ADM. A/S 0 37.445 37.445
**D F.M.B.A.PENSION EQUITY INVEST I C/O OPERATIONS 0 112.053 112.053
**D NOMURA BANK (LUXEMBOURG) SA CLIENT ACCOUNT 0 605.785 605.785
**D BBH B J T S RE CMA MFS EX-JAPAN GROWTH MOTHER FUND 0 624.030 624.030
**D GMO TAX-MANAGED INTERNATIONAL EQUITIES F 0 543.863 543.863
**D GMO ERISA POOL 0 10.268.839 10.268.839
**D GMO INTERNATIONAL INTRINSIC VALUE FUND 0 8.547.658 8.547.658
**D GMO FOREIGN FUND 0 9.095.923 9.095.923
**D SEI INST INVES TRUST INTERNAT EQTY FUND 0 856.808 856.808
**D SEI INSTITUTIONAL INTERN TRUST INTERNATI 0 2.876.218 2.876.218
**D GMO GLOBAL ACTIVE EQUITY FUND LP 0 330.649 330.649
**D SEI INST INVEST TRUST WORLD EQ EX-US FUN 0 1.581.850 1.581.850
**D GMO DEVELOPED WORLD STOCK FUND 0 771.520 771.520
**D GMO INTERNATIONAL CORE EQUITY FUND 0 4.938.400 4.938.400
**D NATIXIS INTERNT FUNDS LUX I 0 174.759 174.759
**D OFI INSTITUTIONAL INTERNATIONAL INDEX FU 0 91.257 91.257
**D SEI INST INV TRUST SCREENED WORL 0 17.945 17.945
**D THE EUROPEAN EQUITY FUND INC. 0 1.200.000 1.200.000
**D GMO FUNDS PLC 0 529.220 529.220
**D BBH B J T S RE CMA MFS EX-JAPAN GROWTH MOTHER FUND 0 23.278 23.278
**D BBH B FOR TMTBJ RE: MUTB400037270 0 135.444 135.444
**D GMO REAL RET ASS ALL FUND LP 0 68.030 68.030
**D FPP GLOBAL ENDEAVOUR DEVELOPED MARKETS F 0 2.449 2.449
**D BBH/LIFEYRISSJODUR VERZLUNARMANNA-PENSIO 0 133.871 133.871
**D NATIONAL AUTOMATIC SPRINKLER INDUSTRY PENSION FUND (TRILOGY) 0 519.485 519.485
**D 3 TO 1 DIVERSIFIED EQUITY FUND 0 141.207 141.207
**D HUNTINGTON NATIONAL BANK 0 75.000 75.000
**D HUNTINGTON NATIONAL BANK INTERN EQ FUND 0 1.100.000 1.100.000
**D MANULIFE INTERNATIONAL LTD 0 767.832 767.832
**D EIS SERVICES BERMUDA LTD 0 471.805 471.805
**D MANULIFE PROPERTY LTD PARTNERSHIP 0 606.941 606.941
**D HSBC FD SERV MANUFACT LIFE INSURA CO LTD 0 649.097 649.097
**D UNPMF 0 418.791 418.791
**D QUATREM ASSURANCE COLLECTIVE 0 180.301 180.301
**D CARDIF ASSURANCE VIE 0 5.000.000 5.000.000
**D CARDIF ASSURANCE RISQUES DIVERS 0 60.000 60.000
**D BDF-FONDS E ACT. EUROP. 0 100.586 100.586
**D VRP 2 0 571.143 571.143
**D FCPE MULTIPAR ACTS SR 0 266.775 266.775
Page 1

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D FCP PRADO VAUBAN DIVERSIFIE 0 102.774 102.774
**D FCPE MULTIPAR EQ. SOC. RES 0 96.085 96.085
**D FCP FCE PLACT EURO BIS 0 3.977.498 3.977.498
**D FCP FCE INVEST EURO 0 2.996.831 2.996.831
**D FCP COEFFICIENCE 0 560.067 560.067
**D FCP BNP PARIBAS INDICE EURO 0 1.758.457 1.758.457
**D PRADO ACTIONS 0 1.967.789 1.967.789
**D FCPE EQUILIBRE SOLIDARITE 0 95.252 95.252
**D FCPE EXPANSION SOLIDARITE 0 61.596 61.596
**D ETHIS VALEURS 0 474.835 474.835
**D ETHIS VITALITE` 0 44.952 44.952
**D FCP GUENEGAUD REVENUS 0 67.987 67.987
**D FCP FEDERIS IRC ACTIONS 0 916.619 916.619
**D FCP FEDERIS ACT QUATREM 0 650.000 650.000
**D FEDERIS EPARGNE EQUILIBREE 0 222.365 222.365
**D FCPE FDS DIVERSIF.TEL 1 0 45.553 45.553
**D FCPE SAUR EPARGNE 0 193.298 193.298
**D FCP CNP ACTIONS EM 0 557.997 557.997
**D EASY ETF DJ EURO STOXX 0 271.488 271.488
**D FCP AG2R EURO ACTIONES 0 5.850.003 5.850.003
**D FCP ACTIONS ISR 0 1.600.000 1.600.000
**D FCP EURO ETHIQUE INSTITUTIONS 0 2.300.000 2.300.000
**D FCP FEDERIS EURO ACTIONS 0 2.270.000 2.270.000
**D HORIZON SOLIDARITE CROISSANCE 0 14.007 14.007
**D HORIZON SOLIDARITE AUDACE 0 13.275 13.275
**D MULTIPAR SOLIDAIRE DYNA SR 0 168.139 168.139
**D INVESCO ACTIONS EUROPE 0 1.386.002 1.386.002
**D FCP NF COLLINES IN 0 1.621.032 1.621.032
**D EASY ETF EURO STOXX 50 0 6.076.083 6.076.083
**D FCPE GPE FORD FR.BNP DIV ND 0 68.216 68.216
**D FCPE MASTERFOODS 0 156.323 156.323
**D FCPE LIMACTIF 0 48.410 48.410
**D FCPE KONE INVESTISSEMENT 0 86.334 86.334
**D FCPE BMS ACTIONS 0 114.265 114.265
**D FCPE DIVERSIMONDE 0 48.565 48.565
**D FCP BNP ACTIONS PEA EURO 0 3.609.624 3.609.624
**D FCP BNP ACTION EUROPE 0 193.131 193.131
**D FCP MEDERIC ACTION 0 922.001 922.001
**D FCP FEDERIS EUROPE ACTIONS 0 677.000 677.000
**D ETHIQUE SOLIDARITE-FCPE SOLIDAIRE 0 17.430 17.430
**D OMEGA DIVERISFIE 0 118.362 118.362
**D OFI NEMO 0 1.400.000 1.400.000
**D OFI LEADER 0 871.084 871.084
Page 2

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D OFI CIBLE 0 1.586.400 1.586.400
**D ALPHA DIVERSIFIE 0 70.911 70.911
**D NATEXIS PERFORMANCE I 0 27.134 27.134
**D D&O DEXIA ISR 0 92.421 92.421
**D FEDERIS AVENIR EURO-PE 0 2.544.200 2.544.200
**D HENDERSON GLOBAL FINANCIAL FUND 0 682.266 682.266
**D HENDERSON EUROPEAN ENHANCED EQUITY FUND 0 2.323.129 2.323.129
**D WITAN INVESTMENT TRUST PLC 0 446.126 446.126
**D INVESCO ZVEI FONDS 0 175.153 175.153
**D PARWORLD 0 729.490 729.490
**D PARVEST 0 24.050.970 24.050.970
**D BPI GLOBAL INVESTMENT FUND 0 216.114 216.114
**D CSA L EQUITY WORLD 0 2.647 2.647
**D INSURANCE COMMISSION OF WETERN AUSTRALIA 0 66.777 66.777
**D ENHANCED INDEX INTERNATIONAL SHARE FUND 0 2.168.551 2.168.551
**D FDT ETHOS 0 210.821 210.821
**D JAPAN TRUSTEE SERVICES BANK,LTD INV.FUND 0 96.646 96.646
**D FIRST CLEARING LLC 0 330.316 330.316
**D DEXIA EQUITIES L 0 1.636.786 1.636.786
**D PEPSICO MASTER RETIREMENT TRUST 0 857.851 857.851
**D PFIZER INC.RETIREMENT ANNUITY PLAN 0 338.294 338.294
**D ACCIDENT COMPENSATION CORPORATION 0 249.108 249.108
**D AMERICAN COLLEGE OF SURGEONS 0 58.026 58.026
**D AMERICAN LEBANESE SYRIAN ASSOCIATED 0 99.705 99.705
**D DAILY M&G TRUST SENIOR EXECUTIVES 0 60.994 60.994
**D CADBURY SCHWEPPES PLC PENSION TRUST LTD 0 180.628 180.628
**D THE CLESS CAPITAL TRUST 0 3.476 3.476
**D CHEMTURA CORPORATION MASTER RETIR TR 0 108.070 108.070
**D THE CALIFORNIA WELLNESS FOUNDATION 0 67.984 67.984
**D WILLIAM DOHENY GRANDCHILDERN TRUST 0 8.702 8.702
**D FORD FOUNDATION 0 689.034 689.034
**D THE HY-VEE AFFILIATES 401 K PLAN 0 144.224 144.224
**D RBS HBOS EURO SPECIAL SITUATIO 0 2.013.644 2.013.644
**D ILLINOIS CONSOLIDATED TELEPHONE TST 0 19.808 19.808
**D ILLINOIS TOOL WORKS MASTER TRUST 0 635.377 635.377
**D JEWISH COMMUNITY FED SAN FRANCISCO 0 15.870 15.870
**D THE JENNIFER U.CLESS CHILDS TRUST 0 4.830 4.830
**D LEGAL AND GENERAL GLOBAL GROWTH TRUS 0 197.675 197.675
**D LEGAL&GENERAL EUROPEAN INDEX TRUST 0 10.591.357 10.591.357
**D RBS LEGAL E GENERAL INTL INDEX TRUST 0 235.083 235.083
**D THE MARTIN CLESS CHILD UAD 4/23/90 0 4.499 4.499
**D ML LAWRENCE TRUST 0 7.600 7.600
**D EDWARD E ANNA MITCHELL FAMILY FOUNDA 0 1.500 1.500
Page 3

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D NORTHERN GLOBAL SUSTAINABILITY INDEX FUN 0 110.234 110.234
**D NORTHWESTERN UNIVERSITY 0 100.089 100.089
**D PEOPLES ENERGY RETIREMENT PLAN 0 134.100 134.100
**D NATIONAL RAILROAD INVESTMENT TRUST 0 4.224.252 4.224.252
**D NATIONAL RAILROAD RET INVESTMENT TRUST PUBL FUND 0 3.412.348 3.412.348
**D SURREY COUNTY COUNCIL PENSION FUND 0 222.916 222.916
**D TENNESSE CONSOLIDATED RETIREMENT SYSTEM 0 653.782 653.782
**D THE NUFIELD FOUNDATION 0 26.471 26.471
**D WANDSWORTH BOROUGH COUNCIL PENSION FUND 0 579.652 579.652
**D CABLE & WIRELESS RETIREMENT PLAN 0 54.113 54.113
**D NEW ZEALAND SUPERANNUATION FUND 0 500.854 500.854
**D FORD MOTOR COMPANY DEFINED BENEFIT 0 193.940 193.940
**D STICHTING PENSIOENFONDS VAN DE METALEKTR 0 346.892 346.892
**D CITY OF MILWAUKEE EMPLOY RETIREMENT 0 537.920 537.920
**D AMERICAN HONDA MOTOR CO RETIREMENT 0 536.390 536.390
**D BAYCARE SYSTEM MASTER CUSTODY POOL 0 490.323 490.323
**D BANNER HEALTH SYSTEM 0 1.251.583 1.251.583
**D BRANDES INVEST PARTNERS LP 401K 0 12.984 12.984
**D BAY CARE HEALTH SYSTEM GROUP INVEST. 0 13.789 13.789
**D CITY OF FRESNO RETIREMENT SYSTEM 0 312.853 312.853
**D CITY OF MILWAUKEE EMPLOY RETIREMENT 0 887.327 887.327
**D CHRISTIAN SCHOOL PENSION AND TRUST 0 234.556 234.556
**D EMPLOYEES RET FUND - CITY OF DALLAS 0 597.677 597.677
**D DANAHER CORPORATION RETIREMENT PLAN MASTER TRUST 0 373.514 373.514
**D FIREMANS ANNUITY AND BENEFITS FUND O 0 152.699 152.699
**D FORTUNE BRANDS,INC MASTER PENSION TR 0 504.935 504.935
**D HOUSTON POLICE OFFICERS PENS SYSTEM 0 1.017.901 1.017.901
**D ILLINOIS MUNICIPAL RETIREMENT FUND 0 881.700 881.700
**D HENRY J KAISER FAMILY FOUNDATION 0 16.310 16.310
**D CITY OF LOS ANGELES FIRE POLICE PLAN 0 705.573 705.573
**D MONTGOMERY COUNTY EMPLOYEES` RETIR 0 211.040 211.040
**D MEMPHIS GAS LIGHTEWATER RETIR.EPENSI 0 334.660 334.660
**D REFORM PENSION ROAD 0 47.614 47.614
**D SISTERS OF PROVIDENCE RETIRE. PLAN 0 63.615 63.615
**D SAN FRANCISCO CITY & COUN.RET.SYSTEM 0 1.230.163 1.230.163
**D UFCW LOCAL 152 RETAIL MEAT PENSION FD 0 93.351 93.351
**D VOLKSWAGEN US.INC.E.RETIREMENT PLAN 0 31.953 31.953
**D STICHTING BEDRIJFSPENSIOENFONDS VOOR 0 1.226.896 1.226.896
**D FUNDO DE PENSOES 0 293.961 293.961
**D HOSPITAL AUTHORITY PROVIDENT FUND S. 0 1.490.156 1.490.156
**D BRANDES INL`T EQUITY FUND 0 61.099 61.099
**D SANFORD TAFT-HARTLEY VALUE SERIES 0 202.335 202.335
**D ATD FAMILY LTD PARTNERSHIP DTD 0 1.860 1.860
Page 4

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D GRIFFIN FAMILY TRUST 0 36.890 36.890
**D GRAHAM CAPITAL PARTNERSHIP I LP 0 29.914 29.914
**D LCL FAMILY LIMITED PARTNERSHIP 0 1.288 1.288
**D LAS OLAS EQUITY PARTNERS LP 0 50.287 50.287
**D LJR LIMITED PARTNERSHIP 0 402.604 402.604
**D MONDRIAN GLOBAL EQUITY FUND L.P. 0 505.011 505.011
**D LOR PIP INTERNATIONAL 0 293.383 293.383
**D THOMPSON & MURFF 0 21.347 21.347
**D MS FUND LP 0 1.413.796 1.413.796
**D WHD FAMILY LIMITED PARTNERSHIP 0 8.193 8.193
**D BRADLEY JR. TRUSTS MASTER INVESTMENT 0 279.826 279.826
**D JANE BRADLEY UIHLEIN INVESTMENT LLP 0 526.537 526.537
**D SANFORD BERNSTEIN DELAWARE BUSINESS 0 833.265 833.265
**D THE TAYSIDE SUPERANNUATION FUND 0 7.426.543 7.426.543
**D CITY OF REGINA POLICE PENSION PLAN 0 104.925 104.925
**D CITY OF REGINA CIVIC SUPER BENEFIT 0 690.752 690.752
**D PENSION PLAN TRUST FUND 0 852.554 852.554
**D MICROSOFT GLOBAL FINANCE LIMITED 0 610.933 610.933
**D ST ANDREWS LIFE ASSURANCE PLC 0 216.979 216.979
**D CLERICAL MED INVEST GROUP LIMITED 0 566.584 566.584
**D CLERICAL MEDICAL MANAGED FUNDS LTD 0 63.027 63.027
**D HALIFAX INTL INVEST ICVC EUROPEAN FD 0 1.710.855 1.710.855
**D ANGLIAN WATER PENSION SCHEME 0 26.237 26.237
**D UBS FUND MANAGEMENT (SWITZERLAND) AG 0 1.919.754 1.919.754
**D UBS FUND MANAGEMENT (LUXEMBOURG) S.A. 0 36.606.214 36.606.214
**D UBS (LUX) EQUITY FUND - EURO COUNTRIES 0 14.407.864 14.407.864
**D UBS (LUX) KEY SELECTION SICAV 0 4.597.585 4.597.585
**D UBS (LUX) EQUITY SICAV 0 2.323 2.323
**D UBS (LUX) STRATEGY FUND 0 224.859 224.859
**D UBS FUND MANAGEMENT (LUXEMBOURG) S.A 0 123.020 123.020
**D UBS (LUX) STRATEGY XTRA SICAV 0 139.066 139.066
**D SYNTRUS ACHMEA MULTI MANAGER POOL EUROPE 0 1.733.282 1.733.282
**D UNIVEST 0 3.710.099 3.710.099
**D THE MASTER TRUST BANK OF JAPAN, LTD AS TRUSTEE FOR MORGAN STANLEY DEVELOPED 0 14.769 14.769
**D JAPAN TRUSTEE SERVICES BANK LTD AS TRUST 0 1.173.293 1.173.293
**D VINSON & ELKINS LLP RETIREMENT PLANS MAS 0 48.477 48.477
**D SMA RELATIONSHIP TRUST-SERIES A 0 11.590 11.590
**D SCHRODER INTERNATIONAL DIVERSIFIED VALUE 0 6.271 6.271
**D WINDSTREAM MASTER TRUST 0 128.700 128.700
**D GENERAL CABLE CORPORATION MASTER RETIREM 0 32.000 32.000
**D UBS MARKET NEUTRAL MULTI-STRATEGY FUND 0 8.433 8.433
**D THE CHASE MANHATTAN BANK 0 69.891 69.891
**D GENTLENESS LLC 0 14.855 14.855
Page 5

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D GRAND LODGE OF PENNSYLVANIA CONSOLIDATED 0 281.507 281.507
**D AXA-EB 510 0 84.351 84.351
**D AVIVA INVESTORS INTERNATIONAL FUND 0 41.093 41.093
**D SCHRODER INTERNATIONAL SELECTION FUND 0 4.842.644 4.842.644
**D SCHRODER GLOBAL EQUITY FUND 0 668.468 668.468
**D THE SPRUCEGROVE DELAWARE TRUST 0 933.986 933.986
**D INTECH INTERNATIONAL SHARES HIGH OPPORTU 0 59.201 59.201
**D UBS GLOBAL ASSET MANAGEMENT LIFE LTD 0 2.569.277 2.569.277
**D UBS EUROPEAN EQUITY FUND 0 1.494.277 1.494.277
**D UBS DYNAMIC ALPHA STRATEGIES MASTER FUND 0 389.809 389.809
**D THE CHASE MANHATTAN BANK 0 14.021 14.021
**D BANKING & PAYMENTS AUTHORITY OF TIMOR-LE 0 187.181 187.181
**D LABOR PENSION FUND SUPERVISORY COMMITTEE-LABOR RETIREMENT FUND 0 98.395 98.395
**D SCHRODER GLOBAL DYNAMIC BLEND FUND 0 950.311 950.311
**D SIJOITUSRAHASTO ALFRED BERG GLOBAL 0 262.516 262.516
**D THE MASTER TRUST BANK OF JAPAN, LTD. AS 0 70.012 70.012
**D SCHRODER GLOBAL ACTIVE VALUE FUND 0 468.355 468.355
**D AVIVA INVESTORS MANAGED FUND ICVC - DIVERSIFIED STRATEGY FUND 0 107.389 107.389
**D AVIVA LIFE & PENSIONS UK LIMITED 0 1.946.700 1.946.700
**D NATIONAL WESTMINSTER REINSURANCE LTD 0 8.178 8.178
**D AMONIS NV 0 234.059 234.059
**D SCHRODER DIVERSIFIED GROWTH FUND 0 712.244 712.244
**D FAMANDSFORENINGEN PENSAM INVEST PSI 10 G 0 318.708 318.708
**D THE BOEING COMPANY EMPLOYEE RETIREMENT P 0 82.900 82.900
**D JP MORGAN CHASE RETIREMENT PLAN 0 2.138.778 2.138.778
**D GOVERNMENT OF NORWAY 0 293.374.675 293.374.675
**D T ROWE PRICE INTERNATIONAL INDEX FUND, I 0 572.822 572.822
**D VANTAGEPOINT OVERSEAS EQUITY INDEX FUND 0 246.005 246.005
**D UBS DYNAMIC ALPHA FUND 0 231.648 231.648
**D SBC MASTER PENSION TRUST 0 491.774 491.774
**D TEACHERS RETIREMENT SYSTEM OF OKLAHOMA 0 3.097.087 3.097.087
**D JP MORGAN CHASE 401(K) SAVINGS PLAN 0 1.690.684 1.690.684
**D SPRUCEGROVE GROUP TRUST 0 5.504.601 5.504.601
**D JNL/MELLON CAPITAL MANAGEMENT INTERNATIO 0 1.471.058 1.471.058
**D EMPLOYEES RETIREMENT SYSTEM OF TEXAS. 0 2.467.192 2.467.192
**D STATE OF INDIANA, PUBLIC EMPLOYEES` RETI 0 440.893 440.893
**D FRANKLIN TEMPLETON INVESTMENT FUNDS 0 267.591 267.591
**D GOLDMAN SACHS TRUST - GOLDMAN SACHS INTE 0 113.009 113.009
**D GOLDMAN SACHS TRUST- GOLDMAN SACHS INTER 0 593.429 593.429
**D GOLDMAN SACHS VARIABLE INSURANCE TRUST- 0 1.683.952 1.683.952
**D GOLDMAN SACHS TRUST-GOLDMAN SACHS CONCEN 0 1.472.893 1.472.893
**D GOLDMAN SACHS TRUST - GOLDMAN SACHS STRUCTURED INTERNATIONAL TAX-MANAGED EQUITY 0 2.473.573 2.473.573
**D SCHRODER QEP GLOBAL ACTIVE VALUE FUND 0 1.126.916 1.126.916
Page 6

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D SCHRODER QEP GLOBAL CORE FUND 0 672.019 672.019
**D ROYAL SCOTTISH ASSURANCE PLC 0 109.928 109.928
**D RBS INVESTMENT FUNDS ICVC BALANCED FUND 0 161.541 161.541
**D NATIONAL WESTMINSTER LIFE ASSURANCE LTD 0 305.721 305.721
**D THE MASTER TRUST BANK OF JAPAN LTD AS TRUSTEE FOT MTBJ400045825 0 2.088.581 2.088.581
**D THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FO FOR MTBJ400045826 0 4.649.673 4.649.673
**D FAMANDSFORENINGEN PENSAM INVEST PSI 31 E 0 386.042 386.042
**D JOHN LEWIS PARTNERSHIP PENSIONS TRUST AS 0 171.365 171.365
**D TAMESIDE MBC RE GREATER MANCHESTER PENSI 0 11.332.663 11.332.663
**D BMW (UK) TRUSTEES LTD, TRUSTEE OF THE BM 0 721.089 721.089
**D PLUMBING & MECHANICAL SERVICES (UK) INDU 0 29.045 29.045
**D PRUDENTIAL STAFF PENSIONS LIMITED AS TRUSTEE 0 142.970 142.970
**D ELKARKIDETZA EPSV 0 545.586 545.586
**D ASTRAZENECA PENSIONS TRUSTEE LIMITED AS 0 235.768 235.768
**D NORGES BANK 0 8.538.184 8.538.184
**D AVIVA LIFE PENSIONS UK LIMITED 0 6.099.904 6.099.904
**D AXA IRELAND PENSION FUND 0 420.000 420.000
**D RT TORONTO POOLED CLIENTS A/C 0 35.072 35.072
**D MANULIFE INTERNATIONAL EQUITY INDEX FUND 0 139.246 139.246
**D MANULIFE INTERNATIONAL EQUITY (83) 0 542.637 542.637
**D MAPLE BROWN ABBOTT INTL EQUITY TRUST 0 123.662 123.662
**D CCEL GLOBAL FINANCIALS FUND II 0 193.128 193.128
**D REGIME DE RETRAITE D HYDRO QUEBEC 0 301.600 301.600
**D GENERAL MOTORS CANADA FOREIGN TRUST 0 337.980 337.980
**D CANADA POST CORPORATION PENSION PLAN 0 9.520.805 9.520.805
**D CCC REG DE CADRES DE LA VILLE MONTREAL 0 618.766 618.766
**D SPRUCEGROVE SPECIAL GLOBAL POOLED FUND 0 1.274.902 1.274.902
**D SPRUCEGROVE INTL POOLED FUND 0 15.192.505 15.192.505
**D BRITISH COLUMBIA INV.MAN.CORPORATION 0 11.672.283 11.672.283
**D PETRO CANADA PENS PLAN MASTER TRUST FUND 0 141.200 141.200
**D THE PHYSICIAN SERVICES INCORPORATED FOUN 0 78.037 78.037
**D NOVA SCOTIA ASSOC OF HEALTH ORG PENS PL 0 337.040 337.040
**D ABR POLICIERS DE LA VILLE MONTREAL 0 306.353 306.353
**D FONDATION J.A. BOMBARDIER 0 49.536 49.536
**D BELL ALIANT REGIONAL COMMUNICATIONS INC 0 248.523 248.523
**D UNIVERSE THE CMI GLOBAL NETWORK FUND 0 7.772.316 7.772.316
**D GARTMORE EUROPEAN SELECTED OPPORTUNI 0 4.844.390 4.844.390
**D WEST MIDLANDS METROPOLITAN AUTHORITI 0 3.230.000 3.230.000
**D WEST YORKSHIRE PENSION FUND 0 2.965.509 2.965.509
**D CITY OF AUSTIN EMPLOYEES RETIR SYSTE 0 544.020 544.020
**D TEXAS MUTUAL INSURANCE COMPANY 0 1.193.311 1.193.311
**D 1199 HEALTHCARE EMPLOYEES PENSION TRUST 0 2.205.001 2.205.001
**D CLEARWATER INTERNATIONAL FUND 0 251.615 251.615
Page 7

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D 1982 SMITH TRUST 0 78.841 78.841
**D HONEYWELL INT INC MASTER RETIR TRUST 0 1.055.163 1.055.163
**D LOCKHEED MARTIN CORP MASTER TRUST 0 1.924.964 1.924.964
**D SHY LLC 0 3.269 3.269
**D FS PARAMETRIC PARTNERS 0 29.761 29.761
**D INTERNATIONAL EQUITY FUND 0 123.032 123.032
**D SPRING CREEK INVESTORS LLC 0 12.843 12.843
**D FOURTH AVENUE INVESTMENT COMPANY 0 169.524 169.524
**D HASLAM FAMILY INVESTMENT PARTNERSHIP 0 46.500 46.500
**D SENTINEL INTERNATIONAL TRUST 0 8.540 8.540
**D SENTINEL INTERNATIONAL FUND 0 15.581 15.581
**D SILVER GROWTH FUND, LP 0 27.663 27.663
**D ORGANISATION EUROPEENNE DE RECHERCHE NUCLEAIRE CERN (CAISSE DE PENSION) 0 188.231 188.231
**D UNILEVER UK PENSION FUND 0 31.740 31.740
**D HSS (LUX) 0 3.170.560 3.170.560
**D UNITED FOOD & COMM WORKERS UNIONS 0 96.071 96.071
**D PUBLIC EDUCATION RET SYSTEM MISSOURI 0 24.699 24.699
**D PUBLIC SCHOOL RET SYSTEM OF MISSOURI 0 290.753 290.753
**D BOILERMAKERS NATIONAL ANNUITY TRUST 0 137.451 137.451
**D DWS INTERNATIONAL FUND 0 4.862.226 4.862.226
**D DWS VARIABLE SERIES I - DWS INTERNATIONA 0 1.351.519 1.351.519
**D SUPERANNUATION FUNDS MANAGEMENT CORPORAT 0 1.583.365 1.583.365
**D ING SUSTAINABLE INVESTMENTS - WHOLESALE 0 19.566 19.566
**D MUNICIPAL GRATUITY FUND 0 47.423 47.423
**D THE ONEIDA TRIBE OF INDIANS OF WISCONSIN 0 13.540 13.540
**D FIM LUXEMBOURG 0 4.377 4.377
**D CSA L GLOBAL QUANT EQUITY POOL 0 2.395 2.395
**D SIERRA/ TEMPLETON INTERNATIONAL EQUITY T 0 502.642 502.642
**D AUSTRALIAN REWARD INVESTMENT ALLIANCE 0 215.881 215.881
**D UBS (LUX) SICAV 3 0 405.420 405.420
**D RBC DEXIA INVESTOR SVCS BK FR 0 2.116.375 2.116.375
**D HTHK AS TRUSTEE OF MANULIFE EUROPEAN EQUITY FUND HSBC INSTITUTIONAL TRUST SERVICES ASIA LTD 0 3.104.267 3.104.267
**D SCUDDER VARIABLE SERIES II - SCUDDER INTERNATIOL SELECT PORTFOLIO 0 2.078 2.078
**D MORGAN GRENFELL INTERNATIONAL SELECT EQUITY FUND 0 2.122 2.122
**D ASST. VICE PRESIDENT ATTN JAMES MCNALLY, BROWN BROTHERS HARRIMAN CO. 0 1.648.238 1.648.238
**D THE MASTER TRUST BANK OF JAPAN LTD., RE NISSAY PANAGORA FRN EQU IND M F 0 22.974 22.974
**D THE MASTER TRUST BANK OF JAPAN LTD., RE GLOBAL EQUITIES INDEX MOTHER F UND 0 554.581 554.581
**D SCHRODER GAIA 0 9.592 9.592
**D ADVISOR MANAGED TRUST-TACTICAL OFFENSIVE EQUITY FUND 0 552.915 552.915
**D GARTMORE EUROPEAN INVESTMENT PLC 0 407.440 407.440
**D SWISS REINSURANCE COMPANY LTD 0 1.503.729 1.503.729
**D CMD AGIRC DIV 3 0 1.600.000 1.600.000
**D BLACKROCK AUSTRALIA LTD AS RESPONSIBLE E 0 909.745 909.745
Page 8

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FOR MTBJ400045824 0 1.365.233 1.365.233
**D THE MARATHON LONDON GROUP TRUST FOR EMPLOYEE BENEFIT PLANS 0 6.336.272 6.336.272
**D M-L INTERNATIONAL INVESTMENT FUND 0 737.148 737.148
**D THE MARATHON-LONDON GLOBAL INVESTMENT TRUST 0 2.212.701 2.212.701
**D THE MARATHON-LONDON GLOBAL INVESTMENT TRUST I 0 136.703 136.703
**D SAUDI ARABIAN MONETARY AGENCY 0 3.576.788 3.576.788
**D AVIVA STAFF PENSION TRUSTEE LIMITED AS TRUSTEE OF AVIVA STAFF PENSION SCHEME 0 162.939.698 162.939.698
**D CADMOS FUND MANAGEMENT-GUILE EMERGING MARKETS ENGAGEMENT FUND 0 150.000 150.000
**D SUN TRUST BRANDES SUN TRUST BANKS 0 250.255 250.255
**D THE NORTHWESTERN MUTUAL LIFE INS.COMPANY GASA EQUITY 0 273.141 273.141
**D METROPOLE BO EUROPE 0 600.000 600.000
**D THE NORTHWESTERN MUTUAL LIFE INS.COMPANY FOREIGN EQUITY 0 844.588 844.588
**D NORTHWESTERN MUTUAL SERIES FUND INC INT. GROWTH PORTFOLIO 0 922.591 922.591
**D NATIXIS AM 0 2.229.125 2.229.125
**D METROPOLE GESTION 0 27.350.000 27.350.000
**D PICTET INTERNATIONAL EQUITY FUND LLC 0 2.024.081 2.024.081
**D METROPOLE DIVERSIFIE METROPOLEGESTION 0 2.000.000 2.000.000
**D GENERALI INVESTMENTS FRANCE 0 1.030.299 1.030.299
**D EPARGNE RETRAITE INTERNATIONAL 0 683.057 683.057
**D AGI FRANCE 0 20.414.411 20.414.411
**D AGI FRANCE 0 6.000.000 6.000.000
**D AGIF 0 200.000 200.000
**D JANUS CAPITAL FUND PLC JANUS EUROPEAN RESEARCH FUND 0 45.783 45.783
**D METROPOLE NEW EUROPEAN COUNTRIES SGBT LUXEMBOURG 0 390.000 390.000
**D GEORGES R.HAIRK PARAMETRIC PORTFOLIO ASSOCIATES 0 35.035 35.035
**D JRJ INVESTMENT FUND, LTD/BRANDES 0 7.800 7.800
**D CALVERT CTY VOL FIRE RESCUE 0 13.337 13.337
**D BRANDES INVESTMENT 0 22.871 22.871
**D STANLIB FUNDS LIMITED 0 84.547 84.547
**D RBS AS DEP OF FIRST STATE INVESTMENTS ICVC 0 26.845 26.845
**D PTC PRINCIPAL INT`L EQUITY FUND 0 278.372 278.372
**D WILMINGTON MULTI MANAGER INTERNATIONAL FUND 0 46.703 46.703
**D HIBERNIAN LIFE & PENSIONS FUND 0 585.165 585.165
**D AVIVA INVESTORS INTERNATIONAL INDEX TRACKING FUND 0 429.450 429.450
**D AVIVA INVESTORS BALANCED MANAGED FUND 0 37.655 37.655
**D PRINCIPAL LIFE INSURANCE COMPANY 0 4.519.768 4.519.768
**D IRISH LIFE ASSURANCE 0 16.437.851 16.437.851
**D LEGAL AND GENERAL ASSURANCE PENSIONS MANAGEMENT LIMITED 0 7.886.793 7.886.793
**D GOLDMAN SACHS GLOBAL FUNDAMENTAL 0 68.358 68.358
**D LAZARD ASSET MANAGEMENT LTD. 0 107.970.067 107.970.067
**D STANDARD LIFE INVESTMENT LIMITED 0 45.959.804 45.959.804
**D STICHTING MN SERVICES EUROPE EX UK EQUITY FUND 0 117.475 117.475
**D STICHTING PENSIOENFONDS METAAL EN TECHNIEK 0 1.923.286 1.923.286
Page 9

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D WILMINGTON INTERNATIONAL EQUITY FUND SELECT LP 0 33.866 33.866
**D COMMONWEALTH BANK OFFICERS SUPERANNUATION CORPORATION PTY LTD 0 258.122 258.122
**D STICHTING MN SERVICES AANDELENFONDS EUROPA 0 324.900 324.900
**D STICHTING MN SERVICES AANDELENSFONDS EUROPA III 0 36.737 36.737
**D AGF INTERNATIONAL VALUE FUND 0 4.310.768 4.310.768
**D AGF WORLD BALANCED FUND 0 969.000 969.000
**D WILSHIRE VARIABLE INSURANCE TRUST-INTERNATIONAL EQUITY FUND 0 26.743 26.743
**D AGF FUNDS INC 0 297.665 297.665
**D CHUNGHWA POST CO LTD 0 557.133 557.133
**D JAPAN TRUSTEE SERVICE BANK CO. LTD 0 1.292.351 1.292.351
**D PRINCIPAL INSURANCE COMPANY LIMITED 0 131.835 131.835
**D AGF FUNDS INC 0 41.504 41.504
**D AGF ALL WORLD TAX ADVANTAGE GROUP LIMITED 0 9.639.000 9.639.000
**D ALL WORLD TAX ADVANTAGE GROUP LIMITED 0 10.342.386 10.342.386
**D AEGON CUSTODY BV INZAKE AEGON BASISFONDS AANDELEN EUROPA 0 1.592.415 1.592.415
**D AEGON CUSTODY B.V. 0 6.002.835 6.002.835
**D THE JOHNS HOPKINS UNIVERSITY 0 304.761 304.761
**D HEALTHCARE FOUNDATION OF NEW JERSEY (THE) 0 52.077 52.077
**D MORRIS & GWENDOLYN CAFRITZ FOUNDATION 0 47.590 47.590
**D NOVARTIS CORPORATION PENSION MASTER TRUST 0 708.135 708.135
**D HIRTLE CALLAGHAN TRUST INTERNATIONAL EQUITY PORTFOLIO 0 2.756.250 2.756.250
**D HIRTLE CALLAGHAN INSTITUTIONAL INTERNATIONAL EQUITY PTF 0 4.006.200 4.006.200
**D LONZA AMERICA INC MASTER RETIREMENT TRUST 0 47.955 47.955
**D EXLEY MANAGEMENT SERVICES LLC 0 11.500 11.500
**D FIDELITY RUTLAND SQUARETRUST II: STRATEGIC ADVISERS INT F 0 4.696.522 4.696.522
**D LONDON BOROUGH OF TOWER HAMLETS PENSION FUND 0 787.081 787.081
**D THE MOTOROLA PENSION SCHEME 0 336.342 336.342
**D LONDON BOROUGH OF BARKING & DAGENHAM SUPERANNUATION FUND 0 489.621 489.621
**D RUSSELL INVESTMENT COMPANY II PLC 0 3.202.681 3.202.681
**D JOHN HANCOCK TRUST INTERNATIONAL CORE TRUST 0 829.585 829.585
**D NOTTINGHAMSHIRE COUNTY COUNCIL PENSION FUND 0 888.181 888.181
**D JOHN HANCOCK FUNDS III INTERNATIONAL CORE FUND 0 1.756.898 1.756.898
**D JOHN HANCOCK TRUST INTERNATIONAL INDEX TRUST 0 2.516.990 2.516.990
**D THE HEALTH FOUNDATION 0 461.569 461.569
**D JOHNSON & JOHNSON UK GROUP RETIREMENT PLAN 0 133.454 133.454
**D THE UCI FOUNDATION 0 16.656 16.656
**D SSM HEALTH CARE PORTFOLIO MANAGEMENT COMPANY 0 349.321 349.321
**D COHEN & STEERS GLOBAL INCOME BUILDER, INC. 0 202.860 202.860
**D AMERICAN AIRLINES INC., MASTER FIXED BENEFIT PENSION TRUST 0 4.324.077 4.324.077
**D ALLIANCEBERNSTEIN COLLECTIVE INVESTMENT TRUST SERIES 0 80.835 80.835
**D JOHN HANCOCK LIFE AND HEALTH INSURANCE COMPANY 0 429.744 429.744
**D METROPOLITAN LIFE INSURANCE COMPANY 0 370.648 370.648
**D GENERAL MOTORS HOURLY-RATE EMPLOYEES PENSION TRUST 0 666.897 666.897
Page 10

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D GENERAL MOTORS SALARIED EMPLOYEES PENSION TRUST 0 485.506 485.506
**D GMAM INVESTMENT FUNDS TRUST 0 981.826 981.826
**D BAE MASTER PENSION INVESTMENT TRUST 0 2.067.603 2.067.603
**D ESG MANAGERS GROWTH PORTFOLIO 0 620 620
**D ESG MANAGERS MODERATE PORTFOLIO 0 516 516
**D ESG MANAGERS CONSERVATIVE PORTFOLIO 0 292 292
**D ESG MANAGERS AGGRESSIVE GROWTH PORTFOLIO 0 397 397
**D ARIZONA STATE RETIREMENT SYSTEM 0 944.231 944.231
**D ARIZONA STATE RETIREMENT SYSTEM 0 91.177 91.177
**D SACRAMENTO REGIONAL TRANSIT DISTRICT 0 25.694 25.694
**D PRINCIPAL GLOBAL INVESTORS COLLECTIVE INVESTMENT TRUST 0 366.948 366.948
**D ORG FOR SMALL&MEDIUM ENTERPRISES AND REGIONAL INNOVATION 0 1.300.892 1.300.892
**D JAPAN TRUSTEE SERV BK LTD ATF GLB FIN EQ F LTD SUBSCR PERIOD 0 42.716 42.716
**D JAPAN TRUSTEE SERV BK LTD ATF CMA SHINKO FINANCIAL EQ MF 0 31.734 31.734
**D GENERAL CONFERENCE CORPORATION OF SEVENTH DAY ADVENTISTS 0 19.619 19.619
**D AXA ROSENBERG EQUITY ALPHA TRUST 0 120.000 120.000
**D ELLEN MORRIS FAMILY NOMINEE AGREEMENT A 0 1.940 1.940
**D ROBERT J. MORRIS TRUST 0 634 634
**D CALVERT VP EAFE INTERNATIONAL INDEX PORTFOLIO 0 228.027 228.027
**D CAISSE DE DEPOT ET PLACEMENT DU QUEBEC 0 29.072.481 29.072.481
**D AMERICAN BEACON INTERNATIONAL EQUITY FUND 0 3.023.896 3.023.896
**D THE PREMIER TRUST FUND FOR QUALIFIED EMPLOYEE BENEFIT PLANS 0 114.573 114.573
**D FEDEX CORPORATION EMPLOYEES PENSION TRUST 0 267.918 267.918
**D EATON VANCE TAX-MANAGED GLOBAL BUY-WRITE OPPORTUNITIES FUND 0 2.422.488 2.422.488
**D EATON VANCE STRUCTURED INTERNATIONAL EQUITY FUND 0 7.112 7.112
**D MARQUIS INSTITUTIONAL GLOBAL EQUITY PORTFOLIO 0 59.625 59.625
**D TIFF INTERNATIONAL EQUITY FUND 0 57.975 57.975
**D TIFF INVESTMENT PROGRAM, INC - TIFF MULTI-ASSET FUND 0 1.162.275 1.162.275
**D GMO DEVELOPED WORLD EQUITY INVESTMENT FUND PLC 0 1.871.958 1.871.958
**D GMO TAX-MANAGED GLOBAL BALANCED PORTFOLIO 0 56.483 56.483
**D REED ELSEVIER US RETIREMENT PLAN 0 139.916 139.916
**D JOHNSON & JOHNSON PENSION & SAVINGS PLANS MASTER TRUST 0 604.503 604.503
**D JOHNSON & JOHNSON PENSION & SAVINGS PLANS MASTER TRUST 0 1.496.493 1.496.493
**D MULTI-STYLE, MULTI-MANAGER FUNDS PLC 0 4.475.405 4.475.405
**D ANCHOR SERIES TRUST STRATEGIC MULTI-ASSET PORTFOLIO 0 3.193 3.193
**D SUNAMERICA SERIES TRUST FOREIGN VALUE PORTFOLIO 0 2.842.964 2.842.964
**D SEASONS SERIES TRUST ASSET ALLOCATION:DIVERSIFIED GROWTH PTF 0 112.436 112.436
**D SEASONS SERIES TRUST INTERNATIONAL EQUITY PORTFOLIO 0 459.070 459.070
**D DWS LIFECYCLE LONG RANGE FUND 0 146.319 146.319
**D DWS BALANCED VIP 0 144.623 144.623
**D DWS BALANCED FUND 0 553.259 553.259
**D DWS EAFE EQUITY INDEX FUND 0 19.333 19.333
**D MULTI-MANAGER ICVC - MULTI-MANGER INTERNATIONAL EQUITY FUND 0 527.531 527.531
Page 11

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D KBR UK COMMON INVESTMENT FUND 0 636.248 636.248
**D LEGG MASON FUNDS ICVC - LEGG MASON CONTINENTAL EUROPEAN EQ F 0 26.506 26.506
**D RUSSELL INTERNATIONAL SHARES TRACKER FUND . 0 387.732 387.732
**D MARYLAND STATE RETIREMENT & PENSION SYSTEM 0 3.941.115 3.941.115
**D MARATHON GLOBAL FUND : GLOBAL EQUITY FUND 0 893.456 893.456
**D MARATHON NEW GLOBAL FUND PLC 0 3.056.500 3.056.500
**D MARATHON GLOBAL FUND: INTERNATIONAL EQUITY FUND 0 579.763 579.763
**D MD INTERNATIONAL VALUE FUND 0 621.937 621.937
**D CORE STRATEGIES INVESTMENT FUND LLC 0 159.430 159.430
**D JANUS OVERSEAS FUND 0 127.766.657 127.766.657
**D JANUS ASPEN SERIES OVERSEAS PORTFOLIO 0 15.265.827 15.265.827
**D JANUS ADVISER INTERNATIONAL EQUITY FUND 0 814.063 814.063
**D CAUSEWAY INTERNATIONAL VALUE GROUP TRUST 0 2.100.961 2.100.961
**D CAUSEWAY INTERNATIONAL OPPORTUNITIES GROUP TRUST 0 487.861 487.861
**D CANADA PENSION PLAN INVESTMENT BOARD . 0 20.749.195 20.749.195
**D BRANDES CANADA INTERNATIONAL EQUITY UNIT TRUST 0 1.283.300 1.283.300
**D OHIO POLICE AND FIRE PENSION FUND 0 4.460.171 4.460.171
**D STATE TEACHERS RETIREMENT SYSTEM OF OHIO 0 10.725.730 10.725.730
**D NEWPORT NEWS EMPLOYEE RETIREMENT FUND 0 18.625 18.625
**D COSMOPOLITAN INVESTMENT FUND 0 10.081 10.081
**D TAM INTERNATIONAL EQUITY TRUST 0 132.037 132.037
**D WESTPAC STAFF SUPERANNUATION PLAN 0 6.500 6.500
**D IPAC SPEC INV STRATEGIES - INT SHARE STRATEGY NO 1 0 586.310 586.310
**D RETIREMENT AND SECY PROGRAM FOR EMPL/NTCA AND MEMBERS SYS 0 86.951 86.951
**D GMO GLOBAL EQUITY TRUST (EX-AUSTRALIA) 0 767.201 767.201
**D ALASKA COMMON TRUST FUND 0 253.193 253.193
**D BNY MELLON TR DEP LTD ATF ST JAMES`S PL STRAT MANAG UNIT TR 0 3.855.685 3.855.685
**D MINISTRY OF STRATEGY AND FINANCE 0 595.985 595.985
**D DEUTSCHE DBI GLOBAL SHARES FUND 0 49.065 49.065
**D BEST INVESTMENT CORPORATION 0 572.631 572.631
**D HONG KONG SPECIAL ADMINISTRATIVE REGION GOVERNMENT-EXCHANGE F 0 2.501.597 2.501.597
**D SUPERVALU INC. MASTER INVESTMENT TRUST 0 35.338 35.338
**D CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0 12.303.519 12.303.519
**D TEACHER RETIREMENT SYSTEM OF TEXAS 0 498.039 498.039
**D STATE STREET TRUSTEES LIMITED ATF MARATHON EXEMPT FUND 0 132.889 132.889
**D ASIAN DEVELOPMENT BANK 0 165.681 165.681
**D UAW RETIREE MEDICAL BENEFITS TRUST 0 474.429 474.429
**D BILL AND MELINDA GATES FOUNDATION TRUST 0 296.797 296.797
**D WELLS FARGOMASTER TRUST DIVERSIFIED STOCK PORTFOLIO 0 1.176.933 1.176.933
**D WELLS FARGO MASTER TRUST INTERNATIONAL INDEX PORTFOLIO 0 34.858 34.858
**D WILMINGTON TRUST RETIREMENT AND INST SER CO COLLECTIVE INV TR 0 340.515 340.515
**D WSIB INVESTMENTS (PUBLIC EQUITIES) POOLED FUND TRUST 0 2.533.647 2.533.647
**D SCOTTISH WIDOWS PLC 0 8.921.742 8.921.742
Page 12

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D PRUDENTIAL RETIREMENT INSURANCE & ANNUITY COMPANY 0 3.552.433 3.552.433
**D MANULIFE ASSET MANAGEMENT INTERNATIONAL EQUITY INDEX POOLED F 0 81.215 81.215
**D GOLDMAN SACHS FUNDS 0 3.496.123 3.496.123
**D GOLDMAN SACHS FUNDS II 0 361.920 361.920
**D CELANESE AMERICAS RETIREMENT PENSION PLAN 0 471.009 471.009
**D CITY OF SAN JOSE POLICE & FIRE DEPARTMENT RETIREMENT PLAN 0 238.930 238.930
**D TEACHERS` RETIREMENT SYSTEM OF THE STATE OF ILLINOIS 0 2.032.412 2.032.412
**D CENTRAL PENSION F OF INT UNION OF OPERAT & PART EMPL 0 1.013.521 1.013.521
**D HARBOR CAPITAL GROUP TRUST FOR DEFINED BENEFIT PLANS 0 259.390 259.390
**D KAISER PERMANENTE MASTER TRUST 0 627.983 627.983
**D M FUND BRANDES INTERNATIONAL EQUITY FUND 0 492.500 492.500
**D THE CIVIL SERVICE SUPERANNUATION FUND 0 168.105 168.105
**D BP PENSION FUND 0 6.126.295 6.126.295
**D WELLS FARGO INTRINSIC WORLD EQUITY FUND 0 470.000 470.000
**D CUMBRIA LOCAL GOVERNMENT PENSION SCHEME 0 693.350 693.350
**D BRANDES INSTITUTIONAL INTERNATIONAL EQUITY FUND 0 1.379.157 1.379.157
**D BLACKROCK INST TRUST CO N.A. INV FUNDSFOR EMPL BENEFIT TR 0 63.040 63.040
**D INTERNATIONAL PAPER CO COMMINGLED INVESTMENT GROUP TRUST 0 333.561 333.561
**D GOLDMAN SACHS TRUST COMPANY N A COLLECTIVE TRUST 0 334.713 334.713
**D AMERICAN AIRLINES PILOTS RET BENEFIT PROGRAM VAR INCOME PLAN 0 1.316.858 1.316.858
**D MUNDER INTERNATIONAL EQUITY FUND 0 128.951 128.951
**D RUSSELL TR CO COMMINGLED EMPL BEN RUSSELL INT RATE MGMN SOL 0 342.656 342.656
**D IAM NATIONAL PENSION FUND 0 465.167 465.167
**D SAN DIEGO CITY EMPLOYEES` RETIREMENT SYSTEM 0 385.760 385.760
**D STATE OF ALASKA RETIREMENT AND BENEFITS PLANS 0 3.410.791 3.410.791
**D COLUMBIA INTERNATIONAL VALUE MASTER PORTFOLIO 0 3.651.500 3.651.500
**D RUSSELL INTERNATIONAL SHARES FUND 0 2.020.400 2.020.400
**D RUSSELL INVESTMENT COMPANY INTERNATIONAL FUND 0 360.155 360.155
**D DESJARDINS GLOBAL EQUITY VALUE FUND 0 588.700 588.700
**D DELUXE CORPORATION MASTER RETIREMENT TRUST PLAN 0 267.569 267.569
**D THE REGENTS OF THE UNIVERSITY OF CALIFORNIA 0 10.771.932 10.771.932
**D MASSACHUSETTS LABORERS PENSION FUND 0 114.133 114.133
**D VALIC COMPANY I - INTERNATIONAL EQUITIES FUND 0 422.698 422.698
**D VALIC COMPANY I-INTERNATIONAL GROWTH I FUND 0 1.034.850 1.034.850
**D VALIC COMPANY I - FOREIGN VALUE FUND 0 4.747.665 4.747.665
**D FRESNO COUNTY EMPLOYEES` RETIREMENT ASSOCIATION 0 350.812 350.812
**D METROPOLITAN SERIES FUND MORGAN STANLEY EAFE INDEX PORTFOLIO 0 903.108 903.108
**D STATE OF MINNESOTA 0 495.443 495.443
**D STATE OF MINNESOTA 0 285.048 285.048
**D RUSSELL INVESTMENT FUNDS NON-U.S. FUND 0 643.141 643.141
**D ALAMEDA COUNTY EMPLOYEES` RETIREMENT ASSOCIATION 0 1.570.059 1.570.059
**D MITCHELLS AND BUTLERS CIF LIMITED 0 300.175 300.175
**D JOHN HANCOCK INSURANCE COMPANY OF VERMONT 0 65.223 65.223
Page 13

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D HOUSTON MUNICIPAL EMPLOYEES PENSION SYSTEM 0 156.567 156.567
**D ORANGE COUNTY EMPLOYEES RETIREMENT SYSTEM 0 67.102 67.102
**D RUSSELL INVESTMENT COMPANY IV PLC 0 350.000 350.000
**D RUSSELL INVESTMENT COMPANY PLC 0 8.597.077 8.597.077
**D NEBRASKA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0 806.244 806.244
**D STATE OF NEBRASKA DEPARTMENT OF ADMINISTRATIVE SERVICES 0 37.468 37.468
**D ILLINOIS STATE BOARD OF INVESTMENT 0 3.072.553 3.072.553
**D UNIVERSAL INVESTMENT FUNDS 0 440.000 440.000
**D GREYSTONE EAFE QUANTITATIVE FUND 0 2.114.494 2.114.494
**D MERSEYSIDE PENSION FUND 0 2.284.665 2.284.665
**D BRUNEI INVESTMENT AGENCY 0 3.152.428 3.152.428
**D BRUNEI INVESTMENT AGENCY 0 1.452.594 1.452.594
**D OMERS ADMINISTRATION CORPORATION 0 530.259 530.259
**D STATE OF CONNECTICUT RETIREMENT PLANS & TRUST FUNDS 0 2.916.679 2.916.679
**D WORKERS COMPENSATION BOARD-ALBERTA 0 303.090 303.090
**D CITY OF PROVIDENCE EMPLOYEES RETIREMENT SYSTEM 0 220.414 220.414
**D AARGAUISCHE PENSIONSKASSE 0 295.597 295.597
**D UNIVERSITY OF TORONTO MASTER TRUST 0 28.850 28.850
**D GOVERNING COUNCIL OF THE UNIVERSITY OF TORONTO 0 21.283 21.283
**D ABBEY LIFE ASSURANCE COMPANY LIMITED 0 6.429.335 6.429.335
**D SCOTTISH WIDOWS UNIT FUNDS LIMITED 0 3.089.240 3.089.240
**D PENSIONS MANAGEMENT (S.W.F.) LIMITED 0 547.741 547.741
**D SCOTTISH WIDOWS OVERSEAS GROWTH INV F ICVC - EURO GROWTH F 0 3.838.777 3.838.777
**D SCOTTISH WIDOWS OVERSEAS GROWTH INV F ICVC-EUROP SEL GROW F 0 1.832.736 1.832.736
**D SCOTTISH WIDOWS OVERSEAS GROWTH INV F ICVC-EUROLAND F 0 197.959 197.959
**D STATE STREET TRUSTEES LIMITED ATF SWIP CAPITAL TRUST 0 1.284.690 1.284.690
**D SOUTHERN CA UNITED FOOD COMMERCIAL WORKERS UNION FOOD EMPLOYERS 0 173.372 173.372
**D SAN DIEGO ELEC WORKERS PENSION TRUST 0 58.583 58.583
**D SKANDINAVISKA ENSKILDA BANKEN SA 0 1.620.676 1.620.676
**D FORTIS INVESTMENT MANAGEMENT 0 794.684 794.684
**D CAISSE DES DEPOTS ET CONSIGNATIONS 0 9.670.767 9.670.767
**D CAISSE DES DEPOTS ET CONSIGNATION 0 27.475.069 27.475.069
**D FONDS DE RESERVE POUR LES RETRAITES 0 348.100 348.100
**D RAVGDT DIVERSIFIE I ALLIANZ GLOBAL INVES 0 400.000 400.000
**D FCP ERAFP ACTIONS EUROS4 BTF P 0 732.300 732.300
**D LBPAM ACTIONS EUROPE 0 2.270.000 2.270.000
**D LBPAM ACTIONS FINANCE 0 344.000 344.000
**D XENYS 0 90.000 90.000
**D FCP TONI ACTIONS 100 0 967.289 967.289
**D LBPAM VOIE LACTEE 2 0 164.636 164.636
**D TUTELAIRE ACTIONS 0 145.000 145.000
**D TUTELAIRE ACTIONS ETHIQUES 0 73.475 73.475
**D VIVACCIO ACTIONS 0 3.619.180 3.619.180
Page 14

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D LBPAM ACTIONS DIVERSIFIE 0 1.553.909 1.553.909
**D LBPAM ACTIONS EURO 0 6.000.000 6.000.000
**D LBPAM ACTIONS INDICE 0 4.659.124 4.659.124
**D LBPAM PROFIL 80 PEA 0 1.174.789 1.174.789
**D LBPAM PROFIL 100 0 415.924 415.924
**D LBPAM ACTIONS DEVELOPPEMENT DURABLE 0 4.140.627 4.140.627
**D LBPAM ACTIONS ISR MONDE 0 100.000 100.000
**D FONDS DE RESERVE POUR LES RETRAITES 0 21.939.432 21.939.432
**D VILLIERS DIVERSIFIE DEXIA AM 0 501.509 501.509
**D RAVGDT DIVERSIFIE II DEXIA AM 0 59.992 59.992
**D FCP VILLIERS CROISSANCE 0 4.003.383 4.003.383
**D UFF TEMPO PEA 0 895.019 895.019
**D COVEA FINANCE CROISSANCE 0 184.000 184.000
**D BOISSY ORIZON DURABLE 0 29.620 29.620
**D FCP COVEA FINANCE ACTIONS EUROPE INSTIT II 0 5.182.773 5.182.773
**D FCP REUNICA UB3 0 2.743.558 2.743.558
**D HAMELIN DIVERSIFIE II 0 250.000 250.000
**D AGIRC F1 0 451.601 451.601
**D AA UBS ACTIONS EURO 0 5.490.452 5.490.452
**D FCP BOURBON 8 0 664.170 664.170
**D FCP HAMELIN DIVERSIFIE PERP 0 8.500 8.500
**D FCP COVEA FINANCE ACTI EUROPE 0 429.220 429.220
**D FCP A.A.-DEXIA-ISR 0 27.002 27.002
**D BOURBON 4 0 96.624 96.624
**D UNIVERS CNP 1 0 1.010.195 1.010.195
**D CNP ACP ACTIONS LT 0 201.656 201.656
**D CROISSANCE DIVERSIFIE 0 6.964 6.964
**D CONCORDE 96 0 91.268 91.268
**D NATIXIS ISR ACTIONS 0 751.529 751.529
**D IXIS FLAMME 0 227.600 227.600
**D FCP NATIXIS IONIS 0 91.951 91.951
**D I CROISSANCE 0 90.163 90.163
**D MEDERIC ALZHEIMER IXIS AM 0 37.361 37.361
**D CMD AGIRC IXIS D 0 777.436 777.436
**D BOURBON 5 0 98.346 98.346
**D IXIS EURO ACTIONS 0 1.903.720 1.903.720
**D ECUREUIL 1,2,3 FUTUR 0 1.603.784 1.603.784
**D ECA DIVERSIFIE 0 95.660 95.660
**D FCP NATIXIS ACTIONS EURO GROWTH 0 640.000 640.000
**D CNP ASSUR PIERRE 0 181.343 181.343
**D CNP ASSUR VALEURS 0 335.546 335.546
**D AGIRC BD 0 116.049 116.049
**D FCP CNP GGR 0 96.721 96.721
Page 15

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D ABP ACTIONS 0 20.523.328 20.523.328
**D AREGE 2IC 0 80.638 80.638
**D FCP RSRC DIVERSIFIE 0 385.217 385.217
**D CARBP DIVERSIFIE 0 205.062 205.062
**D MONNET 0 53.944 53.944
**D FCP RL PREVOYANCE 0 189.469 189.469
**D ABP CROISSANCE RENDEMENT 0 800.000 800.000
**D FRUCTIFONDS VALEURS EUROPEENNES 0 846.854 846.854
**D PREPAR CROISSANCE 0 222.439 222.439
**D IMPACT ISR CROISSANCE 0 146.773 146.773
**D AREVA DIVERSIFIE OBLIGATAIRE 0 88.349 88.349
**D OCP EPARGNE 0 21.424 21.424
**D FCPE SAFRAN DYNAMIQUE 0 192.288 192.288
**D EGEPARGNE 1 0 72.569 72.569
**D EGEPARGNE 2 0 1.600.030 1.600.030
**D HUTCHINSON ACTIONS 0 46.572 46.572
**D FCPE FCP REGULIER AIR LIQUIDE DEVELOPPEMENT 0 16.986 16.986
**D FCPE FODIV 0 64.052 64.052
**D FCPE NATIXIS AVENIR 1 PERFORMANCE 0 226.170 226.170
**D FCPE NATIXIS AVENIR 2 DYNAMIQUE 0 38.660 38.660
**D FCPE NATIXIS AVENIR 3 CROISSANCE 0 100.721 100.721
**D FCPE NATIXIS AVENIR 4 EQUILIBRE 0 158.202 158.202
**D FCPE NATIXIS AVENIR 5 RENDEMENT 0 63.600 63.600
**D SAFRAN MIXTE 0 45.515 45.515
**D NATIXIS ES ACTIONS EURO 0 425.440 425.440
**D IMPACT ISR RENDEMENT SOLIDAIRE 0 127.772 127.772
**D FCPE IMPACT ISR PERFORMANCE 0 310.287 310.287
**D IMPACT ISR DYNAMIQUE 0 68.621 68.621
**D IMPACT ISR EQUILIBRE 0 722.434 722.434
**D FCPE NATIXIS AVENIR MIXTE SOLIDAIRE 0 12.945 12.945
**D MULTILATERAL INVESTMENT GUARANTEE AGENCY 0 27.157 27.157
**D TDX INDEPENDENCE 2020 EXCHANGETRADED FUND 0 12.335 12.335
**D WELLS FARGO BANK MINNESOTA NA 0 5.463 5.463
**D VALERO ENERGY CORPORATION PENSION PLAN 0 84.711 84.711
**D NORTHWEST NATURAL GAS COMPANY RETIREMENT TRUST 0 43.010 43.010
**D PRINCIPAL FUNDS INC-DIVERSIFIED INTERNATIONAL FUND 0 3.418.702 3.418.702
**D CAUSEWAY INTERNATIONAL VALUE FUND 0 8.999.430 8.999.430
**D AVIVA UKGI INVESTMENTS LIMITED 0 866.402 866.402
**D ING BM 1 ING FINANCIALS FD 0 766.401 766.401
**D DESERET MUTUAL MASTER RETIREMENT PLAN 0 342.925 342.925
**D DESERET HEALTHCARE EMPLOYEE BENEFIT TRUST 0 10.200 10.200
**D US BANK/PORTFOLIO 21 0 437.484 437.484
**D PRINCIPAL FUNDS INC- INTERNATIONAL GROWTH FUND 0 205.383 205.383
Page 16

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D THE CITY OF NEW YORK GROUP TRUST 0 7.763.809 7.763.809
**D PNC BANK N.A. 0 25.720 25.720
**D PUBLIC SCHOOL RETIREMENT SYSTEMOF THE CITY OF ST.LOUIS 0 292.044 292.044
**D UNISUPER 0 1.072.979 1.072.979
**D PRINCIPAL VARIABLE CONTRACTS FUNDS INC- INTERNATIONAL EMERGING MARKETS ACCOUNT 0 912.543 912.543
**D ING INVESTMENT MANAGEMENT EUROPE NV 0 3.959.812 3.959.812
**D AV SUPER FUND 0 12.931 12.931
**D SPRUCEGROVE NON-US EQUITY LLC 0 1.064.917 1.064.917
**D NON-US EQUITY MANAGERS PORTFOLIO 1 SERIES 0 575.603 575.603
**D WISDOMTREE DEFA FUND 0 278.958 278.958
**D ROCKFORD HEALTH SYSTEM PENSION PLAN 0 6.739 6.739
**D ROCKFORD HEALTH SYSTEM MASTER TRUST 0 41.372 41.372
**D WISDOMTREE INTERNATIONAL LARGECAP DIVIDEND 0 162.250 162.250
**D US BANK BR OMNI PENSION 0 32.341 32.341
**D US BANK BR OMNITAXABLE 0 9.313 9.313
**D MLC LIMITED 0 49.422 49.422
**D TDX INDEPENDENCE 2010 EXCHANGETRADED FUND 0 2.261 2.261
**D TDX INDEPENDENCE 2030 EXCHANGE TRADED FUND 0 20.155 20.155
**D TDX INDEPENDENCE 2040 EXCHANGETRADED FUND 0 15.830 15.830
**D TDX INDEPENDENCE INTARGET EXCHANGEDTRADED FUND 0 5.194 5.194
**D WM POOL EQUITIES TRUST NO.34 0 3.417.790 3.417.790
**D ARK LIFE ASSURANCE COMPANY LIMITED 0 497.204 497.204
**D GS TACS MARKET CONTINUOUS (INTL) LLC 0 601.732 601.732
**D WALTER E. DISNEY FAMILY TRUST UNDER WILL 0 50.899 50.899
**D PRINCIPAL FUNDS INC INTERNATIONAL VALUE FUND 1 0 4.405.168 4.405.168
**D WM POOL - EQUITIES TRUST NO. 22 0 210.852 210.852
**D WISDOMTREE INTERNATIONAL HEDGEDEQUITY FUND 0 12.597 12.597
**D INVESCO PERPETUAL EUROPEAN EQUITY INCOMETRUST 0 743.106 743.106
**D INVESCO PERPETUAL EUROPEAN HIGHINCOME FUND 0 52.177 52.177
**D INVESCO PERPETUAL EUROPEAN EQUITY FD 0 10.485.737 10.485.737
**D MACOMB COUNTY EMPLOYEES RETIREMENT SYSTEM 0 79.543 79.543
**D THE BANK OF KOREA 0 31.521 31.521
**D INVESCO FUNDS SERIES 0 482.319 482.319
**D ALLSTATE INSURANCE COMPANY 0 1.285.290 1.285.290
**D PRINCIPAL FUNDS INC.-INTERNATIONAL EQUITY INDEX FUND 0 550.632 550.632
**D AQR GLOBAL ENHANCED EQUITY FUND 0 26.481 26.481
**D GOLDMAN SACHS INSTITUTIONAL FUNDS PLC 0 126.853 126.853
**D INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 0 762.975 762.975
**D CENTRICA COMBINED COMMON INVESTMENT FUND 0 600.334 600.334
**D CHESHIRE PENSION FUND . 0 1.168.323 1.168.323
**D DERBYSHIRE COUNTY COUNCIL SUPERANNUATION FUND 0 3.734.098 3.734.098
**D STICHTING DOW PENSIOENFONDS . 0 303.299 303.299
**D ESSEX COUNTY COUNCIL . 0 160.622 160.622
Page 17

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D RHM PENSION SCHEME . 0 277.048 277.048
**D IRISH AIRLINES (GENERAL EMPLOYEES) SUPERANNUATION 0 3.817.702 3.817.702
**D LANCASHIRE COUNTY PENSION FUND. 0 771.300 771.300
**D MERCHANT NAVY OFFICERS PENSION FUND 0 67.062 67.062
**D PEARSON GROUP PENSION PLAN 0 121.977 121.977
**D PRINCIPAL GLOBAL INVESTORS TRUST-INTERNATIONAL EQUITY FUND 0 96.260 96.260
**D PRINCIPAL GLOBAL INVESTORS FUNDS 0 313.422 313.422
**D SOMERSET COUNTY COUNCIL PENSIONFUND 0 445.896 445.896
**D WORCESTERSHIRE COUNTY COUNCIL PENSION FUND 0 1.165.427 1.165.427
**D PICTET NON-US EQUITY OFFSHORE MAST 0 1.566.493 1.566.493
**D NON US EQUITY MANAGERS PORTFOLIO 5 OFFSHORE MASTER LP 0 769.329 769.329
**D NBT MAIN A C (NCB CLEARING SVCS) 0 938.293 938.293
**D BOC PENSION INVESTMENT FUND BOCPENSIONS LIMITED 0 285.598 285.598
**D ACHMEA PENSIOEN EN LEVENSVERZEKERINGEN N.V. 0 111.687 111.687
**D MCKINLEY CAPITAL MANAGEMENT FUND PLC 0 19.877 19.877
**D RIVER AND MERCANTILE UK EQUITYLONG TERM RECOVERY FUND 0 140.000 140.000
**D BERKELEY SQUARE COMMON INVESTMENT FUND LIMITED 0 302.443 302.443
**D STICHTING PENSIOENFONDS UWV . 0 854.076 854.076
**D THE MEDICAL CENTRE INSURANCE COMPANY LTD. 0 253.926 253.926
**D OIL INVESTMENT CORPORATION LTD&OIL CAS INVESTMENT 0 291.807 291.807
**D HSBC BANK (CAYMAN) LIMITED 0 143.210 143.210
**D STICHTING BEWAARDER INTERPOLIS PENSIOENEN BELEGGINGSPOOLS 0 506.323 506.323
**D BPS 0 901.223 901.223
**D BPL 0 5.168.005 5.168.005
**D STICHTING PENSIOENFONDS VOOR DE GRAFISCHE BEDRIJVEN 0 1.381.900 1.381.900
**D STICHTING BEDRIJKSTAKPENSIENFONDS VOOR HET KAPPERSBEDRIJF 0 34.531 34.531
**D STICHTING PFDS VOOR DE TANDTECHNIEK 0 70.564 70.564
**D STICHTING BEDRIJFSTAKPENSIOENFONDS VOOR HET LEVENSMIDDELENBEDRIJF 0 395.815 395.815
**D SUNSUPER SUPERANNUATION FUND 0 321.419 321.419
**D GOLDMAN SACHS GLOBAL EQUITY PARTNERS I LLC 0 410.043 410.043
**D STICHTING RABOBANK PENSIOENFONDS 0 661.755 661.755
**D BELEGGINSPOOL ACHMEA AANDELEN EURO 0 2.501.506 2.501.506
**D BELEGGINGSPOOL ACHMEA 0 619.595 619.595
**D INTERPOLIS PENSIOENEN EUROPA POOL 0 346.496 346.496
**D ABB INC. MASTER TRUST . 0 128.657 128.657
**D AIR CANADA PENSION MASTER TRUSTFUND 0 2.430.074 2.430.074
**D RUSSELL OVERSEAS EQUITY FUND . 0 1.078.200 1.078.200
**D RUSSELL OVERSEAS EQUITY POOL . 0 532.400 532.400
**D ALASKA PERMANENT FUND CORPORATION 0 3.469 3.469
**D ALAMOSA LLC . 0 14.215 14.215
**D EAFE EQUITY FUND . 0 981.218 981.218
**D ALABAMA PREPAID AFFORDABLE COLLEGE TUITION TRUST FUND 0 49.197 49.197
**D ROCKWELL AUTOMATION MASTER TRUST 0 799.705 799.705
Page 18

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D BJC HEALTH SYSTEM . 0 726.330 726.330
**D BJC GROUP PENSION TRUST . 0 330.175 330.175
**D BLUE CROSS BLUE SHIELD OF NORTHCAROLINA RETIR 0 278.894 278.894
**D HIGHMARK INC. 0 281.655 281.655
**D CATHOLIC UNITED INVESTMENT TRUST 0 1.408.456 1.408.456
**D COLLIER FAMILY OFFICE INC . 0 520.537 520.537
**D COLLEGES OF APPLIED ARTS AND TECHNOLOGY PENSION P 0 1.289.400 1.289.400
**D COMMONWEALTH OF PENNSYLVANIA STATE EMPLOYEES RETIREMENT SYSTEM. 0 1.073.753 1.073.753
**D CARGILL INC. & ASSOCIATED COMPANIES MASTER PEN 0 321.790 321.790
**D CONRAIL EMPLOYEE BENEFITS TRUST 0 15.973 15.973
**D CANADIAN PACIFIC RAILWAY COMPANY PENSION PLAN 0 430.849 430.849
**D CF INTERNATIONAL STOCK INDEX FUND 0 875.124 875.124
**D THE DEARBORN PARTNERS GROUP TRUST 0 279.202 279.202
**D ONTARIO POWER GENERATION INC . 0 554.810 554.810
**D ONTARIO POWER GENERATION INC . 0 511.067 511.067
**D DELAWARE INTERNATIONAL EQUITY FUND 0 217.346 217.346
**D DELAWARE INVESTMENTS GLOBAL FUNDS PLC 0 37.424 37.424
**D BNY MELLON EB COLLECTIVE INVESTMENT FUND PLAN 0 1.604.146 1.604.146
**D ADVANTAGE FUNDS INC - GLOBAL ALPHA FUND 0 22.539 22.539
**D DREYFUS INDEX FUNDS INC DREYFUS INTERNATIONAL STC 0 691.164 691.164
**D DT INTERNATIONAL STOCK INDEX FUND 0 1.515.960 1.515.960
**D ENERGY EAST CORPORATION MASTERTRUST 0 332.183 332.183
**D EATON VANCE CORPORATION 0 7.888 7.888
**D ELECTRICAL WORKERS LOCAL 26 PENSION TRUST FUND 0 99.123 99.123
**D CBIS GLOBAL FUNDS PLC 0 90.000 90.000
**D FAIRFAX COUNTY UNIFORMED RETIREMENT SYSTEM 0 126.360 126.360
**D FIRE AND POLICE PENSION ASSOCIATION OF COLOR 0 236.008 236.008
**D FIRE AND POLICE PENSION ASSN OFCOLORADO 0 425.423 425.423
**D FIRE & POLICE EMPLOYEES RET. SYSTEM-CITY OF BALTI 0 1.081.710 1.081.710
**D FLORIDA RETIREMENT SYSTEM . 0 31.496.802 31.496.802
**D GOLDMAN SACHS FOUNDATION . 0 347.266 347.266
**D GMI INVESTMENT TRUST . 0 929.409 929.409
**D GOVERNORS OF THE UNIVERSITY OF ALBERTA 0 247.600 247.600
**D GRANGER FINANCIAL MANAGEMENT . 0 18.445 18.445
**D HEALTHCARE EMPLOYEES` PENSION PLAN - MANIT 0 1.590.118 1.590.118
**D HOWARD HUGHES MEDICAL INSTITUTE 0 168.785 168.785
**D ARCELORMITTAL USA INC. PENSION TRUST 0 169.975 169.975
**D INCO ELECTED MASTER TRUST . 0 157.967 157.967
**D IOWA PUBLIC EMPLOYEES` RETIREMENT SYSTEM 0 2.726.570 2.726.570
**D KANSAS PUBLIC EMPLOYEES RETIREMENT 0 1.249.295 1.249.295
**D COUNTY OF LOS ANGELES DEFERRED COMPENSATION AND THRIFT PLAN 0 1.674.327 1.674.327
**D DELAWARE INVESTMENTS GLOBAL DIAND INCOME FUND INC 0 106.746 106.746
**D DELAWARE VIP INTERNATIONAL VALUE EQUITY SERIES 0 517.458 517.458
Page 19

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D DELAWARE INTERNATIONAL VALUE EQUITY FUND 0 2.761.139 2.761.139
**D DELAWARE DIVIDEND INCOME FUND . 0 236.075 236.075
**D DELAWARE AGGRESSIVE ALLOCATIONPORTFOLIO 0 143.641 143.641
**D DELAWARE CONSERVATIVE ALLOCATION PORTFOLIO 0 80.737 80.737
**D DELAWARE MODERATE ALLOCATION PORTFOLIO 0 348.147 348.147
**D DELAWARE GLOBAL VALUE FUND . 0 167.503 167.503
**D DELAWARE ENHANCED GLOBAL DIVIDEND AND INCOME FUND 0 420.721 420.721
**D DELAWARE GROUP FOUNDATION FUND - DELAWARE FOUNDATION EQUITY 0 3.271 3.271
**D LUCENT TECHNOLOGIES INC. DEFINED CONTRIBUTION PLAN MASTER TRUST 0 557.483 557.483
**D LUCENT TECHNOLOGIES INC. MASTERPENSION TRUST 0 699.009 699.009
**D THE LINCOLN NATIONAL LIFE INSURANCE CO.(SEPARATE A 0 1.031.006 1.031.006
**D LVIP DELAWERE FOUNDATION CONSERVATIVE ALLOCATION FUND 0 281.695 281.695
**D LVIP DELAWARE FOUNDATION MODERATE A 0 115.580 115.580
**D LVIP DELAWARE FOUNDATION AGGRESSIVE ALLOCATION FUND 0 444.021 444.021
**D LOUISIANA STATE EMPLOYEES` RETIREMENT SYSTEM 0 1.140.200 1.140.200
**D MELLON BANK NA EMPLOYEE BENEFITCOLLECTIVE INVESTMENT 0 6.833.130 6.833.130
**D CERVURITE INTERNATIONAL LLC . 0 167.487 167.487
**D MARANIC II LLC . 0 18.884 18.884
**D MINISTRY OF DEFENCE PENSION FUND 0 172.361 172.361
**D MERCY INVESTMENT SERVICES 0 204.434 204.434
**D MARS GMBH . 0 803.812 803.812
**D INVESCO FONDS CAT 2 SPERRKONTO 0 719.714 719.714
**D MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHST 0 1.878.024 1.878.024
**D TREASURER OF THE STATE OF NORTHCAROLINAEQUITY INVESTMENT FUND POOLED 0 5.918.691 5.918.691
**D ROGERSCASEY TARGET SOLUTIONS LLC. 0 632.155 632.155
**D NSP MONTICELLO MINNESOTA RETAILQUALIFIED TRUST 0 63.990 63.990
**D NSP MINNESOTA PRAIRIE I RETAIL QUALIFIED TRUST 0 50.096 50.096
**D NSP MINNESOTA RETAIL PRAIRIE IIQUALIFIED TRUST 0 55.285 55.285
**D PUBLIC EMPLOYEES RETIREMENT SYSTEM OF NEVADA 0 3.209.492 3.209.492
**D BELL ATLANTIC MASTER TRUST 0 307.540 307.540
**D BELL ATLANTIC MASTER TRUST 0 4.087.413 4.087.413
**D BELL ATLANTIC MASTER TRUST 0 270.749 270.749
**D OPERATING ENGINEERS LOCAL 101 PENSION FUND 0 146.351 146.351
**D ONTARIO POWER GENERATION INC. PENSION PLAN 0 935.460 935.460
**D PENSION FUND SOCIETY OF THE BANK OF MONTREAL 0 302.700 302.700
**D PACIFIC GAS AND ELECTRIC QUALIFIED CPUC DECOMMISSIONING TRUST 0 522.096 522.096
**D PANAGORA GROUP TRUST . 0 29.479 29.479
**D HEALTH CARE SECURITY TRUST . 0 24.764 24.764
**D UPMC BASIC RETIREMENT PLAN MASTER TRUST 0 96.017 96.017
**D PENSION RESERVES INVESTMENT TRUST FUND 0 6.872.989 6.872.989
**D PUBLIC EMPLOYEE RETIREMENT SYSTEM OF IDAHO 0 766.997 766.997
**D QUEEN`S UNIVERSITY AT KINGSTON 0 20.600 20.600
**D ROHM AND HAAS MASTER TRUST . 0 156.125 156.125
Page 20

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D ROCKWELL COLLINS MASTER TRUST 0 1.334.559 1.334.559
**D RUSSELL INSTITUTIONAL FUNDS LLCRUSSELL INTL EQUITY FUND 0 708.706 708.706
**D SOUTHERN CALIFORNIA EDISON CO NUCLEAR FACILITIES Q 0 617.215 617.215
**D THE SALVATION ARMY TERRITORIAL HEADQUAR 0 448.254 448.254
**D THE SALVATION ARMY OFFICERS` RETIREMENT TRUST FUN 0 97.464 97.464
**D SOUTHERN CALIFORNIA EDISON COMPANY RETIREMENT P 0 81.908 81.908
**D STATE OF WISCONSIN INVESTMENT BOARD 0 6.098.700 6.098.700
**D THE CALIFORNIA ENDOWMENT . 0 6.364 6.364
**D TD EMERALD INTERNATIONAL EQUITYINDEX FUND 0 1.665.928 1.665.928
**D TD INTERNATIONAL INDEX FUND 0 249.688 249.688
**D TD EUROPEAN INDEX FUND . 0 58.438 58.438
**D IMPERIAL INTERNATIONAL EQUITY POOL 0 2.559.075 2.559.075
**D IMPERIAL OVERSEAS EQUITY POOL 0 331.749 331.749
**D TUCSON SUPPLEMENTAL RETIREMENT SYSTEM 0 294.033 294.033
**D TXU RETIREMENT PLAN MASTER TRUST 0 699.014 699.014
**D TENNESSEE VALLEY AUTHORITY RETIREMENT SYSTEM 0 115.690 115.690
**D UBS CANADA DYNAMIC ALPHA STRATEGY FUND 0 10.986 10.986
**D REGENTS OF THE UNIVERSITY OF MICHIGAN 0 147.486 147.486
**D UNIVERSITY OF PITTSBURGH MEDICAL CENTER SYSTE 0 287.006 287.006
**D UNITED TECHNOLOGIES CORP. MASTER RETIREMENT TR 0 1.118.714 1.118.714
**D VEBA PARTNERSHIP N LP . 0 141.259 141.259
**D VEBA PARTNERSHIP N LP . 0 118.500 118.500
**D VIRGINIA RETIREMENT SYSTEM . 0 6.365.027 6.365.027
**D WK KELLOG G FOUNDATION TRUST 0 375.980 375.980
**D THE BOSTON COMMON INTNL SOCIAL INDEX FUND, LLC 0 63.370 63.370
**D FOREST FOUNDATION 0 2.461 2.461
**D SEQUOIA FUNDATION 0 1.279 1.279
**D STEWARDSHIP FOUNDATION 0 9.766 9.766
**D WBW TRUST NUMBER ONE 0 1.997 1.997
**D 1975 IRREVOCABLE TRUST OF CD WEYERHAUSER 0 9.208 9.208
**D 1973 IRREVOCABLE TRUST OF CD WEYERHAUSER 0 1.582 1.582
**D CIBC INTERNATIONAL INDEX FUND 0 203.176 203.176
**D CIBC EUROPEAN INDEX FUND . 0 98.586 98.586
**D CIBC POOLED INTERNATIONAL EQUITY INDEX FUND 0 50.161 50.161
1287 ROSANIA ELMAN 0 0 0
*** LUCIANO LIDIA 0 10 10
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 9.210 9.210
Total vote 1.972.970.031
Percentage of voters% 23,655167
Percentage of Capital% 10,236299
Page 21

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
ABSTENTIONS
1027 DE COSMO AMANDA 0 0 0
**D STATE STREET TRUSTEES LIMITED ATF CIS EUROPEAN GROWTH TRUST 0 6.122.952 6.122.952
**D CITY OF PHILADELPHIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0 352.048 352.048
**D CO-OPERATIVE INSURANCE SOCIETY LTD 0 11.886.748 11.886.748
Total vote 18.361.748
Percentage of voters% 0,220150
Percentage of Capital% 0,095266
Page 22

UniCredit S.p.A. 29 April 2011 20.24.58
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 103.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
NOT VOTING
1287 ROSANIA ELMAN 0 0 0
*** CASELLA POTITO 0 24 24
*** CAPPIELLO ANDREA 0 965 965
*** GALANO PASQUALE 0 8.329 8.329
*** ACQUAVIA VITO ANTONIO 0 11 11
*** TELESCA FRANCESCO SAVERIO 0 173 173
*** NOTARGIACOMO GIULIA 0 71.232 71.232
*** MITRIONE MARIA ADELAIDE 0 6.172 6.172
*** DI LUCCHIO LOREDANA ERMINIA 0 1.986 1.986
*** DI LUCCHIO GIANPAOLO CRISTIAN 0 3.984 3.984
*** DELLI COLLI CLEMENTE 0 128.301 128.301
*** DELLI COLLI VALERIA 0 57.948 57.948
*** TELESCA GIANLUCA 0 173 173
*** TELESCA MARIA LUIGIA 0 197 197
*** DE BONIS DONATO ANTONIO 0 11 11
*** VARLOTTA GIOVANNI 0 10 10
*** ATELLA GIANFRANCO 0 1.733 1.733
*** SARI ANGELO 0 18.213 18.213
*** BUFANO TOMMASO 0 13 13
*** MIMMO ANTONIO 0 14.289 14.289
*** GIGLIO DOMENICO 0 144 144
*** CORDASCO DOMENICO 0 11 11
*** CATAPANO SALVATORE CARMINE VINCENZO 0 5 5
*** NOLE` ORIANA 0 3.310 3.310
*** POTENZA DONATO 0 10.000 10.000
*** GUALANDI BIANCA ENRICA 0 1.818 1.818
*** VARLOTTA CINZIA ANNAMARIA 0 10 10
Total vote 329.062
Percentage of voters% 0,003945
Percentage of Capital% 0,001707
Page 23

UniCredit S.p.A. 29 April 2011 20.29.11
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
RESULTS OF VOTING
Subjetc : Delegation to share capital increase €34,000,000
17 (*) persons entitled to vote took part in the voting, representing 8.340.545.903 ordinary shares, equating to
43,272995 % of ordinary share capital of which 17.368 shares were represented in person and 8.340.528.535 by
proxy.
8.340.545.903 ordinary shares were admitted to voting, corresponding to 100,000000% of the shares
represented at the meeting.
The counting of votes produced the following results:
% of share capital present and entitled
to vote %ordinary capital
In Favour 6.414.526.420 votes equating to 76,907753 33,280288
AGAINST 1.925.338.373 votes equating to 23,084081 9,989173
Sub-Total 8.339.864.793 votes equating to 99,991834 43,269461
Abstentions 352.048 votes equating to 0,004221 0,001827
Not Voting 329.062 votes equating to 0,003945 0,001707
Sub-Total 681.110 votes equating to 0,008166 0,003534
Total 8.340.545.903 votes equating to 100,000000 43,272995
Pursuant to art. 135-undecies of TUF 0 shares were not counted for the calculation of the majority and of share
capital needed for approval to voting, corresponding to % of the shares represented at the meeting.
(*)NOTE:
There were 0 more people in attendance entitled to vote relative to the previous count, representing an
addintional 0,000000% of ordinary share capital.
Pag. 1

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
1027 DE COSMO AMANDA 0 0 0
**D CIBC BANK AND TRUST COMPANY CAYMAN LIMITED 0 951 951
**D ROYAL BANK OF CANADA (CHANNELL ISLANDS) LIMITED 0 2.222 2.222
**D LPIP, AKT GLOBALE II(AKTIV FOR C/O NYKREDIT PORTEFOLJE ADM. A/S 0 327.839 327.839
**D LPI AKTIER GLOBALE V C/O NYKREDIT PORTEFOLJE ADM. A/S 0 37.445 37.445
**D F.M.B.A.PENSION EQUITY INVEST I C/O OPERATIONS 0 112.053 112.053
**D NOMURA BANK (LUXEMBOURG) SA CLIENT ACCOUNT 0 605.785 605.785
**D BBH B J T S RE CMA MFS EX-JAPAN GROWTH MOTHER FUND 0 624.030 624.030
**D GMO TAX-MANAGED INTERNATIONAL EQUITIES F 0 543.863 543.863
**D GMO ERISA POOL 0 10.268.839 10.268.839
**D GMO INTERNATIONAL INTRINSIC VALUE FUND 0 8.547.658 8.547.658
**D GMO FOREIGN FUND 0 9.095.923 9.095.923
**D SEI INST INVES TRUST INTERNAT EQTY FUND 0 856.808 856.808
**D SEI INSTITUTIONAL INTERN TRUST INTERNATI 0 2.876.218 2.876.218
**D GMO GLOBAL ACTIVE EQUITY FUND LP 0 330.649 330.649
**D SEI INST INVEST TRUST WORLD EQ EX-US FUN 0 1.581.850 1.581.850
**D GMO DEVELOPED WORLD STOCK FUND 0 771.520 771.520
**D GMO INTERNATIONAL CORE EQUITY FUND 0 4.938.400 4.938.400
**D NATIXIS INTERNT FUNDS LUX I 0 174.759 174.759
**D OFI INSTITUTIONAL INTERNATIONAL INDEX FU 0 91.257 91.257
**D SEI INST INV TRUST SCREENED WORL 0 17.945 17.945
**D THE EUROPEAN EQUITY FUND INC. 0 1.200.000 1.200.000
**D GMO FUNDS PLC 0 529.220 529.220
**D BBH B J T S RE CMA MFS EX-JAPAN GROWTH MOTHER FUND 0 23.278 23.278
**D BBH B FOR TMTBJ RE: MUTB400037270 0 135.444 135.444
**D GMO REAL RET ASS ALL FUND LP 0 68.030 68.030
**D FPP GLOBAL ENDEAVOUR DEVELOPED MARKETS F 0 2.449 2.449
**D BBH/LIFEYRISSJODUR VERZLUNARMANNA-PENSIO 0 133.871 133.871
**D NATIONAL AUTOMATIC SPRINKLER INDUSTRY PENSION FUND (TRILOGY) 0 519.485 519.485
**D 3 TO 1 DIVERSIFIED EQUITY FUND 0 141.207 141.207
**D HUNTINGTON NATIONAL BANK 0 75.000 75.000
**D HUNTINGTON NATIONAL BANK INTERN EQ FUND 0 1.100.000 1.100.000
**D MANULIFE INTERNATIONAL LTD 0 767.832 767.832
**D EIS SERVICES BERMUDA LTD 0 471.805 471.805
**D MANULIFE PROPERTY LTD PARTNERSHIP 0 606.941 606.941
**D HSBC FD SERV MANUFACT LIFE INSURA CO LTD 0 649.097 649.097
**D UNPMF 0 418.791 418.791
**D QUATREM ASSURANCE COLLECTIVE 0 180.301 180.301
**D CARDIF ASSURANCE VIE 0 5.000.000 5.000.000
**D CARDIF ASSURANCE RISQUES DIVERS 0 60.000 60.000
**D BDF-FONDS E ACT. EUROP. 0 100.586 100.586
**D VRP 2 0 571.143 571.143
**D FCPE MULTIPAR ACTS SR 0 266.775 266.775
Page 1

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D FCP PRADO VAUBAN DIVERSIFIE 0 102.774 102.774
**D FCPE MULTIPAR EQ. SOC. RES 0 96.085 96.085
**D FCP FCE PLACT EURO BIS 0 3.977.498 3.977.498
**D FCP FCE INVEST EURO 0 2.996.831 2.996.831
**D FCP COEFFICIENCE 0 560.067 560.067
**D FCP BNP PARIBAS INDICE EURO 0 1.758.457 1.758.457
**D PRADO ACTIONS 0 1.967.789 1.967.789
**D FCPE EQUILIBRE SOLIDARITE 0 95.252 95.252
**D FCPE EXPANSION SOLIDARITE 0 61.596 61.596
**D ETHIS VALEURS 0 474.835 474.835
**D ETHIS VITALITE` 0 44.952 44.952
**D FCP GUENEGAUD REVENUS 0 67.987 67.987
**D FCP FEDERIS IRC ACTIONS 0 916.619 916.619
**D FCP FEDERIS ACT QUATREM 0 650.000 650.000
**D FEDERIS EPARGNE EQUILIBREE 0 222.365 222.365
**D FCPE FDS DIVERSIF.TEL 1 0 45.553 45.553
**D FCPE SAUR EPARGNE 0 193.298 193.298
**D FCP CNP ACTIONS EM 0 557.997 557.997
**D EASY ETF DJ EURO STOXX 0 271.488 271.488
**D FCP AG2R EURO ACTIONES 0 5.850.003 5.850.003
**D FCP ACTIONS ISR 0 1.600.000 1.600.000
**D FCP EURO ETHIQUE INSTITUTIONS 0 2.300.000 2.300.000
**D FCP FEDERIS EURO ACTIONS 0 2.270.000 2.270.000
**D HORIZON SOLIDARITE CROISSANCE 0 14.007 14.007
**D HORIZON SOLIDARITE AUDACE 0 13.275 13.275
**D MULTIPAR SOLIDAIRE DYNA SR 0 168.139 168.139
**D INVESCO ACTIONS EUROPE 0 1.386.002 1.386.002
**D FCP NF COLLINES IN 0 1.621.032 1.621.032
**D EASY ETF EURO STOXX 50 0 6.076.083 6.076.083
**D FCPE GPE FORD FR.BNP DIV ND 0 68.216 68.216
**D FCPE MASTERFOODS 0 156.323 156.323
**D FCPE LIMACTIF 0 48.410 48.410
**D FCPE KONE INVESTISSEMENT 0 86.334 86.334
**D FCPE BMS ACTIONS 0 114.265 114.265
**D FCPE DIVERSIMONDE 0 48.565 48.565
**D FCP BNP ACTIONS PEA EURO 0 3.609.624 3.609.624
**D FCP BNP ACTION EUROPE 0 193.131 193.131
**D FCP MEDERIC ACTION 0 922.001 922.001
**D FCP FEDERIS EUROPE ACTIONS 0 677.000 677.000
**D ETHIQUE SOLIDARITE-FCPE SOLIDAIRE 0 17.430 17.430
**D OMEGA DIVERISFIE 0 118.362 118.362
**D OFI NEMO 0 1.400.000 1.400.000
**D OFI LEADER 0 871.084 871.084
Page 2

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D OFI CIBLE 0 1.586.400 1.586.400
**D ALPHA DIVERSIFIE 0 70.911 70.911
**D NATEXIS PERFORMANCE I 0 27.134 27.134
**D D&O DEXIA ISR 0 92.421 92.421
**D FEDERIS AVENIR EURO-PE 0 2.544.200 2.544.200
**D HENDERSON GLOBAL FINANCIAL FUND 0 682.266 682.266
**D HENDERSON EUROPEAN ENHANCED EQUITY FUND 0 2.323.129 2.323.129
**D WITAN INVESTMENT TRUST PLC 0 446.126 446.126
**D INVESCO ZVEI FONDS 0 175.153 175.153
**D PARWORLD 0 729.490 729.490
**D PARVEST 0 24.050.970 24.050.970
**D BPI GLOBAL INVESTMENT FUND 0 216.114 216.114
**D CSA L EQUITY WORLD 0 2.647 2.647
**D INSURANCE COMMISSION OF WETERN AUSTRALIA 0 66.777 66.777
**D ENHANCED INDEX INTERNATIONAL SHARE FUND 0 2.168.551 2.168.551
**D FDT ETHOS 0 210.821 210.821
**D JAPAN TRUSTEE SERVICES BANK,LTD INV.FUND 0 96.646 96.646
**D FIRST CLEARING LLC 0 330.316 330.316
**D DEXIA EQUITIES L 0 1.636.786 1.636.786
**D PEPSICO MASTER RETIREMENT TRUST 0 857.851 857.851
**D PFIZER INC.RETIREMENT ANNUITY PLAN 0 338.294 338.294
**D ACCIDENT COMPENSATION CORPORATION 0 249.108 249.108
**D AMERICAN COLLEGE OF SURGEONS 0 58.026 58.026
**D AMERICAN LEBANESE SYRIAN ASSOCIATED 0 99.705 99.705
**D DAILY M&G TRUST SENIOR EXECUTIVES 0 60.994 60.994
**D CADBURY SCHWEPPES PLC PENSION TRUST LTD 0 180.628 180.628
**D THE CLESS CAPITAL TRUST 0 3.476 3.476
**D CHEMTURA CORPORATION MASTER RETIR TR 0 108.070 108.070
**D THE CALIFORNIA WELLNESS FOUNDATION 0 67.984 67.984
**D WILLIAM DOHENY GRANDCHILDERN TRUST 0 8.702 8.702
**D FORD FOUNDATION 0 689.034 689.034
**D THE HY-VEE AFFILIATES 401 K PLAN 0 144.224 144.224
**D RBS HBOS EURO SPECIAL SITUATIO 0 2.013.644 2.013.644
**D ILLINOIS CONSOLIDATED TELEPHONE TST 0 19.808 19.808
**D ILLINOIS TOOL WORKS MASTER TRUST 0 635.377 635.377
**D JEWISH COMMUNITY FED SAN FRANCISCO 0 15.870 15.870
**D THE JENNIFER U.CLESS CHILDS TRUST 0 4.830 4.830
**D LEGAL AND GENERAL GLOBAL GROWTH TRUS 0 197.675 197.675
**D LEGAL&GENERAL EUROPEAN INDEX TRUST 0 10.591.357 10.591.357
**D RBS LEGAL E GENERAL INTL INDEX TRUST 0 235.083 235.083
**D THE MARTIN CLESS CHILD UAD 4/23/90 0 4.499 4.499
**D ML LAWRENCE TRUST 0 7.600 7.600
**D EDWARD E ANNA MITCHELL FAMILY FOUNDA 0 1.500 1.500
Page 3

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D NORTHERN GLOBAL SUSTAINABILITY INDEX FUN 0 110.234 110.234
**D NORTHWESTERN UNIVERSITY 0 100.089 100.089
**D PEOPLES ENERGY RETIREMENT PLAN 0 134.100 134.100
**D NATIONAL RAILROAD INVESTMENT TRUST 0 4.224.252 4.224.252
**D NATIONAL RAILROAD RET INVESTMENT TRUST PUBL FUND 0 3.412.348 3.412.348
**D SURREY COUNTY COUNCIL PENSION FUND 0 222.916 222.916
**D TENNESSE CONSOLIDATED RETIREMENT SYSTEM 0 653.782 653.782
**D THE NUFIELD FOUNDATION 0 26.471 26.471
**D WANDSWORTH BOROUGH COUNCIL PENSION FUND 0 579.652 579.652
**D CABLE & WIRELESS RETIREMENT PLAN 0 54.113 54.113
**D NEW ZEALAND SUPERANNUATION FUND 0 500.854 500.854
**D FORD MOTOR COMPANY DEFINED BENEFIT 0 193.940 193.940
**D STICHTING PENSIOENFONDS VAN DE METALEKTR 0 346.892 346.892
**D CITY OF MILWAUKEE EMPLOY RETIREMENT 0 537.920 537.920
**D AMERICAN HONDA MOTOR CO RETIREMENT 0 536.390 536.390
**D BAYCARE SYSTEM MASTER CUSTODY POOL 0 490.323 490.323
**D BANNER HEALTH SYSTEM 0 1.251.583 1.251.583
**D BRANDES INVEST PARTNERS LP 401K 0 12.984 12.984
**D BAY CARE HEALTH SYSTEM GROUP INVEST. 0 13.789 13.789
**D CITY OF FRESNO RETIREMENT SYSTEM 0 312.853 312.853
**D CITY OF MILWAUKEE EMPLOY RETIREMENT 0 887.327 887.327
**D CHRISTIAN SCHOOL PENSION AND TRUST 0 234.556 234.556
**D EMPLOYEES RET FUND - CITY OF DALLAS 0 597.677 597.677
**D DANAHER CORPORATION RETIREMENT PLAN MASTER TRUST 0 373.514 373.514
**D FIREMANS ANNUITY AND BENEFITS FUND O 0 152.699 152.699
**D FORTUNE BRANDS,INC MASTER PENSION TR 0 504.935 504.935
**D HOUSTON POLICE OFFICERS PENS SYSTEM 0 1.017.901 1.017.901
**D ILLINOIS MUNICIPAL RETIREMENT FUND 0 881.700 881.700
**D HENRY J KAISER FAMILY FOUNDATION 0 16.310 16.310
**D CITY OF LOS ANGELES FIRE POLICE PLAN 0 705.573 705.573
**D MONTGOMERY COUNTY EMPLOYEES` RETIR 0 211.040 211.040
**D MEMPHIS GAS LIGHTEWATER RETIR.EPENSI 0 334.660 334.660
**D REFORM PENSION ROAD 0 47.614 47.614
**D SISTERS OF PROVIDENCE RETIRE. PLAN 0 63.615 63.615
**D SAN FRANCISCO CITY & COUN.RET.SYSTEM 0 1.230.163 1.230.163
**D UFCW LOCAL 152 RETAIL MEAT PENSION FD 0 93.351 93.351
**D VOLKSWAGEN US.INC.E.RETIREMENT PLAN 0 31.953 31.953
**D STICHTING BEDRIJFSPENSIOENFONDS VOOR 0 1.226.896 1.226.896
**D FUNDO DE PENSOES 0 293.961 293.961
**D HOSPITAL AUTHORITY PROVIDENT FUND S. 0 1.490.156 1.490.156
**D BRANDES INL`T EQUITY FUND 0 61.099 61.099
**D SANFORD TAFT-HARTLEY VALUE SERIES 0 202.335 202.335
**D ATD FAMILY LTD PARTNERSHIP DTD 0 1.860 1.860
Page 4

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D GRIFFIN FAMILY TRUST 0 36.890 36.890
**D GRAHAM CAPITAL PARTNERSHIP I LP 0 29.914 29.914
**D LCL FAMILY LIMITED PARTNERSHIP 0 1.288 1.288
**D LAS OLAS EQUITY PARTNERS LP 0 50.287 50.287
**D LJR LIMITED PARTNERSHIP 0 402.604 402.604
**D MONDRIAN GLOBAL EQUITY FUND L.P. 0 505.011 505.011
**D LOR PIP INTERNATIONAL 0 293.383 293.383
**D THOMPSON & MURFF 0 21.347 21.347
**D MS FUND LP 0 1.413.796 1.413.796
**D WHD FAMILY LIMITED PARTNERSHIP 0 8.193 8.193
**D BRADLEY JR. TRUSTS MASTER INVESTMENT 0 279.826 279.826
**D JANE BRADLEY UIHLEIN INVESTMENT LLP 0 526.537 526.537
**D SANFORD BERNSTEIN DELAWARE BUSINESS 0 833.265 833.265
**D THE TAYSIDE SUPERANNUATION FUND 0 7.426.543 7.426.543
**D CITY OF REGINA POLICE PENSION PLAN 0 104.925 104.925
**D CITY OF REGINA CIVIC SUPER BENEFIT 0 690.752 690.752
**D PENSION PLAN TRUST FUND 0 852.554 852.554
**D MICROSOFT GLOBAL FINANCE LIMITED 0 610.933 610.933
**D ST ANDREWS LIFE ASSURANCE PLC 0 216.979 216.979
**D CLERICAL MED INVEST GROUP LIMITED 0 566.584 566.584
**D CLERICAL MEDICAL MANAGED FUNDS LTD 0 63.027 63.027
**D HALIFAX INTL INVEST ICVC EUROPEAN FD 0 1.710.855 1.710.855
**D ANGLIAN WATER PENSION SCHEME 0 26.237 26.237
**D UBS FUND MANAGEMENT (SWITZERLAND) AG 0 1.919.754 1.919.754
**D UBS FUND MANAGEMENT (LUXEMBOURG) S.A. 0 36.606.214 36.606.214
**D UBS (LUX) EQUITY FUND - EURO COUNTRIES 0 14.407.864 14.407.864
**D UBS (LUX) KEY SELECTION SICAV 0 4.597.585 4.597.585
**D UBS (LUX) EQUITY SICAV 0 2.323 2.323
**D UBS (LUX) STRATEGY FUND 0 224.859 224.859
**D UBS FUND MANAGEMENT (LUXEMBOURG) S.A 0 123.020 123.020
**D UBS (LUX) STRATEGY XTRA SICAV 0 139.066 139.066
**D SYNTRUS ACHMEA MULTI MANAGER POOL EUROPE 0 1.733.282 1.733.282
**D UNIVEST 0 3.710.099 3.710.099
**D THE MASTER TRUST BANK OF JAPAN, LTD AS TRUSTEE FOR MORGAN STANLEY DEVELOPED 0 14.769 14.769
**D JAPAN TRUSTEE SERVICES BANK LTD AS TRUST 0 1.173.293 1.173.293
**D VINSON & ELKINS LLP RETIREMENT PLANS MAS 0 48.477 48.477
**D SMA RELATIONSHIP TRUST-SERIES A 0 11.590 11.590
**D SCHRODER INTERNATIONAL DIVERSIFIED VALUE 0 6.271 6.271
**D WINDSTREAM MASTER TRUST 0 128.700 128.700
**D GENERAL CABLE CORPORATION MASTER RETIREM 0 32.000 32.000
**D UBS MARKET NEUTRAL MULTI-STRATEGY FUND 0 8.433 8.433
**D THE CHASE MANHATTAN BANK 0 69.891 69.891
**D GENTLENESS LLC 0 14.855 14.855
Page 5

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D GRAND LODGE OF PENNSYLVANIA CONSOLIDATED 0 281.507 281.507
**D AXA-EB 510 0 84.351 84.351
**D AVIVA INVESTORS INTERNATIONAL FUND 0 41.093 41.093
**D SCHRODER INTERNATIONAL SELECTION FUND 0 4.842.644 4.842.644
**D SCHRODER GLOBAL EQUITY FUND 0 668.468 668.468
**D THE SPRUCEGROVE DELAWARE TRUST 0 933.986 933.986
**D INTECH INTERNATIONAL SHARES HIGH OPPORTU 0 59.201 59.201
**D UBS GLOBAL ASSET MANAGEMENT LIFE LTD 0 2.569.277 2.569.277
**D UBS EUROPEAN EQUITY FUND 0 1.494.277 1.494.277
**D UBS DYNAMIC ALPHA STRATEGIES MASTER FUND 0 389.809 389.809
**D THE CHASE MANHATTAN BANK 0 14.021 14.021
**D BANKING & PAYMENTS AUTHORITY OF TIMOR-LE 0 187.181 187.181
**D LABOR PENSION FUND SUPERVISORY COMMITTEE-LABOR RETIREMENT FUND 0 98.395 98.395
**D SCHRODER GLOBAL DYNAMIC BLEND FUND 0 950.311 950.311
**D SIJOITUSRAHASTO ALFRED BERG GLOBAL 0 262.516 262.516
**D THE MASTER TRUST BANK OF JAPAN, LTD. AS 0 70.012 70.012
**D SCHRODER GLOBAL ACTIVE VALUE FUND 0 468.355 468.355
**D AVIVA INVESTORS MANAGED FUND ICVC - DIVERSIFIED STRATEGY FUND 0 107.389 107.389
**D AVIVA LIFE & PENSIONS UK LIMITED 0 1.946.700 1.946.700
**D NATIONAL WESTMINSTER REINSURANCE LTD 0 8.178 8.178
**D AMONIS NV 0 234.059 234.059
**D SCHRODER DIVERSIFIED GROWTH FUND 0 712.244 712.244
**D FAMANDSFORENINGEN PENSAM INVEST PSI 10 G 0 318.708 318.708
**D THE BOEING COMPANY EMPLOYEE RETIREMENT P 0 82.900 82.900
**D JP MORGAN CHASE RETIREMENT PLAN 0 2.138.778 2.138.778
**D GOVERNMENT OF NORWAY 0 293.374.675 293.374.675
**D T ROWE PRICE INTERNATIONAL INDEX FUND, I 0 572.822 572.822
**D VANTAGEPOINT OVERSEAS EQUITY INDEX FUND 0 246.005 246.005
**D UBS DYNAMIC ALPHA FUND 0 231.648 231.648
**D SBC MASTER PENSION TRUST 0 491.774 491.774
**D TEACHERS RETIREMENT SYSTEM OF OKLAHOMA 0 3.097.087 3.097.087
**D JP MORGAN CHASE 401(K) SAVINGS PLAN 0 1.690.684 1.690.684
**D SPRUCEGROVE GROUP TRUST 0 5.504.601 5.504.601
**D JNL/MELLON CAPITAL MANAGEMENT INTERNATIO 0 1.471.058 1.471.058
**D EMPLOYEES RETIREMENT SYSTEM OF TEXAS. 0 2.467.192 2.467.192
**D STATE OF INDIANA, PUBLIC EMPLOYEES` RETI 0 440.893 440.893
**D FRANKLIN TEMPLETON INVESTMENT FUNDS 0 267.591 267.591
**D GOLDMAN SACHS TRUST - GOLDMAN SACHS INTE 0 113.009 113.009
**D GOLDMAN SACHS TRUST- GOLDMAN SACHS INTER 0 593.429 593.429
**D GOLDMAN SACHS VARIABLE INSURANCE TRUST- 0 1.683.952 1.683.952
**D GOLDMAN SACHS TRUST-GOLDMAN SACHS CONCEN 0 1.472.893 1.472.893
**D GOLDMAN SACHS TRUST - GOLDMAN SACHS STRUCTURED INTERNATIONAL TAX-MANAGED EQUITY 0 2.473.573 2.473.573
**D SCHRODER QEP GLOBAL ACTIVE VALUE FUND 0 1.126.916 1.126.916
Page 6

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D SCHRODER QEP GLOBAL CORE FUND 0 672.019 672.019
**D ROYAL SCOTTISH ASSURANCE PLC 0 109.928 109.928
**D RBS INVESTMENT FUNDS ICVC BALANCED FUND 0 161.541 161.541
**D NATIONAL WESTMINSTER LIFE ASSURANCE LTD 0 305.721 305.721
**D THE MASTER TRUST BANK OF JAPAN LTD AS TRUSTEE FOT MTBJ400045825 0 2.088.581 2.088.581
**D THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FO FOR MTBJ400045826 0 4.649.673 4.649.673
**D FAMANDSFORENINGEN PENSAM INVEST PSI 31 E 0 386.042 386.042
**D JOHN LEWIS PARTNERSHIP PENSIONS TRUST AS 0 171.365 171.365
**D TAMESIDE MBC RE GREATER MANCHESTER PENSI 0 11.332.663 11.332.663
**D BMW (UK) TRUSTEES LTD, TRUSTEE OF THE BM 0 721.089 721.089
**D PLUMBING & MECHANICAL SERVICES (UK) INDU 0 29.045 29.045
**D PRUDENTIAL STAFF PENSIONS LIMITED AS TRUSTEE 0 142.970 142.970
**D ELKARKIDETZA EPSV 0 545.586 545.586
**D ASTRAZENECA PENSIONS TRUSTEE LIMITED AS 0 235.768 235.768
**D NORGES BANK 0 8.538.184 8.538.184
**D AVIVA LIFE PENSIONS UK LIMITED 0 6.099.904 6.099.904
**D AXA IRELAND PENSION FUND 0 420.000 420.000
**D RT TORONTO POOLED CLIENTS A/C 0 35.072 35.072
**D MANULIFE INTERNATIONAL EQUITY INDEX FUND 0 139.246 139.246
**D MANULIFE INTERNATIONAL EQUITY (83) 0 542.637 542.637
**D MAPLE BROWN ABBOTT INTL EQUITY TRUST 0 123.662 123.662
**D CCEL GLOBAL FINANCIALS FUND II 0 193.128 193.128
**D REGIME DE RETRAITE D HYDRO QUEBEC 0 301.600 301.600
**D GENERAL MOTORS CANADA FOREIGN TRUST 0 337.980 337.980
**D CANADA POST CORPORATION PENSION PLAN 0 9.520.805 9.520.805
**D CCC REG DE CADRES DE LA VILLE MONTREAL 0 618.766 618.766
**D SPRUCEGROVE SPECIAL GLOBAL POOLED FUND 0 1.274.902 1.274.902
**D SPRUCEGROVE INTL POOLED FUND 0 15.192.505 15.192.505
**D BRITISH COLUMBIA INV.MAN.CORPORATION 0 11.672.283 11.672.283
**D PETRO CANADA PENS PLAN MASTER TRUST FUND 0 141.200 141.200
**D THE PHYSICIAN SERVICES INCORPORATED FOUN 0 78.037 78.037
**D NOVA SCOTIA ASSOC OF HEALTH ORG PENS PL 0 337.040 337.040
**D ABR POLICIERS DE LA VILLE MONTREAL 0 306.353 306.353
**D FONDATION J.A. BOMBARDIER 0 49.536 49.536
**D BELL ALIANT REGIONAL COMMUNICATIONS INC 0 248.523 248.523
**D UNIVERSE THE CMI GLOBAL NETWORK FUND 0 7.772.316 7.772.316
**D GARTMORE EUROPEAN SELECTED OPPORTUNI 0 4.844.390 4.844.390
**D CITY OF AUSTIN EMPLOYEES RETIR SYSTE 0 544.020 544.020
**D TEXAS MUTUAL INSURANCE COMPANY 0 1.193.311 1.193.311
**D 1199 HEALTHCARE EMPLOYEES PENSION TRUST 0 2.205.001 2.205.001
**D CLEARWATER INTERNATIONAL FUND 0 251.615 251.615
**D 1982 SMITH TRUST 0 78.841 78.841
**D HONEYWELL INT INC MASTER RETIR TRUST 0 1.055.163 1.055.163
Page 7

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D LOCKHEED MARTIN CORP MASTER TRUST 0 1.924.964 1.924.964
**D SHY LLC 0 3.269 3.269
**D FS PARAMETRIC PARTNERS 0 29.761 29.761
**D INTERNATIONAL EQUITY FUND 0 123.032 123.032
**D SPRING CREEK INVESTORS LLC 0 12.843 12.843
**D FOURTH AVENUE INVESTMENT COMPANY 0 169.524 169.524
**D HASLAM FAMILY INVESTMENT PARTNERSHIP 0 46.500 46.500
**D SENTINEL INTERNATIONAL TRUST 0 8.540 8.540
**D SENTINEL INTERNATIONAL FUND 0 15.581 15.581
**D SILVER GROWTH FUND, LP 0 27.663 27.663
**D ORGANISATION EUROPEENNE DE RECHERCHE NUCLEAIRE CERN (CAISSE DE PENSION) 0 188.231 188.231
**D UNILEVER UK PENSION FUND 0 31.740 31.740
**D HSS (LUX) 0 3.170.560 3.170.560
**D UNITED FOOD & COMM WORKERS UNIONS 0 96.071 96.071
**D PUBLIC EDUCATION RET SYSTEM MISSOURI 0 24.699 24.699
**D PUBLIC SCHOOL RET SYSTEM OF MISSOURI 0 290.753 290.753
**D BOILERMAKERS NATIONAL ANNUITY TRUST 0 137.451 137.451
**D DWS INTERNATIONAL FUND 0 4.862.226 4.862.226
**D DWS VARIABLE SERIES I - DWS INTERNATIONA 0 1.351.519 1.351.519
**D SUPERANNUATION FUNDS MANAGEMENT CORPORAT 0 1.583.365 1.583.365
**D ING SUSTAINABLE INVESTMENTS - WHOLESALE 0 19.566 19.566
**D MUNICIPAL GRATUITY FUND 0 47.423 47.423
**D THE ONEIDA TRIBE OF INDIANS OF WISCONSIN 0 13.540 13.540
**D FIM LUXEMBOURG 0 4.377 4.377
**D CSA L GLOBAL QUANT EQUITY POOL 0 2.395 2.395
**D SIERRA/ TEMPLETON INTERNATIONAL EQUITY T 0 502.642 502.642
**D AUSTRALIAN REWARD INVESTMENT ALLIANCE 0 215.881 215.881
**D UBS (LUX) SICAV 3 0 405.420 405.420
**D RBC DEXIA INVESTOR SVCS BK FR 0 2.116.375 2.116.375
**D HTHK AS TRUSTEE OF MANULIFE EUROPEAN EQUITY FUND HSBC INSTITUTIONAL TRUST SERVICES ASIA LTD 0 3.104.267 3.104.267
**D SCUDDER VARIABLE SERIES II - SCUDDER INTERNATIOL SELECT PORTFOLIO 0 2.078 2.078
**D MORGAN GRENFELL INTERNATIONAL SELECT EQUITY FUND 0 2.122 2.122
**D ASST. VICE PRESIDENT ATTN JAMES MCNALLY, BROWN BROTHERS HARRIMAN CO. 0 1.648.238 1.648.238
**D THE MASTER TRUST BANK OF JAPAN LTD., RE NISSAY PANAGORA FRN EQU IND M F 0 22.974 22.974
**D THE MASTER TRUST BANK OF JAPAN LTD., RE GLOBAL EQUITIES INDEX MOTHER F UND 0 554.581 554.581
**D SCHRODER GAIA 0 9.592 9.592
**D ADVISOR MANAGED TRUST-TACTICAL OFFENSIVE EQUITY FUND 0 552.915 552.915
**D GARTMORE EUROPEAN INVESTMENT PLC 0 407.440 407.440
**D SWISS REINSURANCE COMPANY LTD 0 1.503.729 1.503.729
**D CMD AGIRC DIV 3 0 1.600.000 1.600.000
**D BLACKROCK AUSTRALIA LTD AS RESPONSIBLE E 0 909.745 909.745
**D THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FOR MTBJ400045824 0 1.365.233 1.365.233
**D THE MARATHON LONDON GROUP TRUST FOR EMPLOYEE BENEFIT PLANS 0 6.336.272 6.336.272
Page 8

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D M-L INTERNATIONAL INVESTMENT FUND 0 737.148 737.148
**D THE MARATHON-LONDON GLOBAL INVESTMENT TRUST 0 2.212.701 2.212.701
**D THE MARATHON-LONDON GLOBAL INVESTMENT TRUST I 0 136.703 136.703
**D SAUDI ARABIAN MONETARY AGENCY 0 3.576.788 3.576.788
**D AVIVA STAFF PENSION TRUSTEE LIMITED AS TRUSTEE OF AVIVA STAFF PENSION SCHEME 0 162.939.698 162.939.698
**D CADMOS FUND MANAGEMENT-GUILE EMERGING MARKETS ENGAGEMENT FUND 0 150.000 150.000
**D SUN TRUST BRANDES SUN TRUST BANKS 0 250.255 250.255
**D THE NORTHWESTERN MUTUAL LIFE INS.COMPANY GASA EQUITY 0 273.141 273.141
**D METROPOLE BO EUROPE 0 600.000 600.000
**D THE NORTHWESTERN MUTUAL LIFE INS.COMPANY FOREIGN EQUITY 0 844.588 844.588
**D NORTHWESTERN MUTUAL SERIES FUND INC INT. GROWTH PORTFOLIO 0 922.591 922.591
**D NATIXIS AM 0 2.229.125 2.229.125
**D METROPOLE GESTION 0 27.350.000 27.350.000
**D PICTET INTERNATIONAL EQUITY FUND LLC 0 2.024.081 2.024.081
**D METROPOLE DIVERSIFIE METROPOLEGESTION 0 2.000.000 2.000.000
**D GENERALI INVESTMENTS FRANCE 0 1.030.299 1.030.299
**D EPARGNE RETRAITE INTERNATIONAL 0 683.057 683.057
**D AGI FRANCE 0 20.414.411 20.414.411
**D AGI FRANCE 0 6.000.000 6.000.000
**D AGIF 0 200.000 200.000
**D JANUS CAPITAL FUND PLC JANUS EUROPEAN RESEARCH FUND 0 45.783 45.783
**D METROPOLE NEW EUROPEAN COUNTRIES SGBT LUXEMBOURG 0 390.000 390.000
**D GEORGES R.HAIRK PARAMETRIC PORTFOLIO ASSOCIATES 0 35.035 35.035
**D JRJ INVESTMENT FUND, LTD/BRANDES 0 7.800 7.800
**D CALVERT CTY VOL FIRE RESCUE 0 13.337 13.337
**D BRANDES INVESTMENT 0 22.871 22.871
**D STANLIB FUNDS LIMITED 0 84.547 84.547
**D RBS AS DEP OF FIRST STATE INVESTMENTS ICVC 0 26.845 26.845
**D PTC PRINCIPAL INT`L EQUITY FUND 0 278.372 278.372
**D WILMINGTON MULTI MANAGER INTERNATIONAL FUND 0 46.703 46.703
**D HIBERNIAN LIFE & PENSIONS FUND 0 585.165 585.165
**D AVIVA INVESTORS INTERNATIONAL INDEX TRACKING FUND 0 429.450 429.450
**D AVIVA INVESTORS BALANCED MANAGED FUND 0 37.655 37.655
**D PRINCIPAL LIFE INSURANCE COMPANY 0 4.519.768 4.519.768
**D IRISH LIFE ASSURANCE 0 16.437.851 16.437.851
**D LEGAL AND GENERAL ASSURANCE PENSIONS MANAGEMENT LIMITED 0 7.886.793 7.886.793
**D GOLDMAN SACHS GLOBAL FUNDAMENTAL 0 68.358 68.358
**D LAZARD ASSET MANAGEMENT LTD. 0 107.970.067 107.970.067
**D STANDARD LIFE INVESTMENT LIMITED 0 45.959.804 45.959.804
**D STICHTING MN SERVICES EUROPE EX UK EQUITY FUND 0 117.475 117.475
**D STICHTING PENSIOENFONDS METAAL EN TECHNIEK 0 1.923.286 1.923.286
**D WILMINGTON INTERNATIONAL EQUITY FUND SELECT LP 0 33.866 33.866
**D COMMONWEALTH BANK OFFICERS SUPERANNUATION CORPORATION PTY LTD 0 258.122 258.122
Page 9

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D STICHTING MN SERVICES AANDELENFONDS EUROPA 0 324.900 324.900
**D STICHTING MN SERVICES AANDELENSFONDS EUROPA III 0 36.737 36.737
**D AGF INTERNATIONAL VALUE FUND 0 4.310.768 4.310.768
**D AGF WORLD BALANCED FUND 0 969.000 969.000
**D WILSHIRE VARIABLE INSURANCE TRUST-INTERNATIONAL EQUITY FUND 0 26.743 26.743
**D AGF FUNDS INC 0 297.665 297.665
**D CHUNGHWA POST CO LTD 0 557.133 557.133
**D JAPAN TRUSTEE SERVICE BANK CO. LTD 0 1.292.351 1.292.351
**D PRINCIPAL INSURANCE COMPANY LIMITED 0 131.835 131.835
**D AGF FUNDS INC 0 41.504 41.504
**D AGF ALL WORLD TAX ADVANTAGE GROUP LIMITED 0 9.639.000 9.639.000
**D ALL WORLD TAX ADVANTAGE GROUP LIMITED 0 10.342.386 10.342.386
**D AEGON CUSTODY BV INZAKE AEGON BASISFONDS AANDELEN EUROPA 0 1.592.415 1.592.415
**D AEGON CUSTODY B.V. 0 6.002.835 6.002.835
**D THE JOHNS HOPKINS UNIVERSITY 0 304.761 304.761
**D HEALTHCARE FOUNDATION OF NEW JERSEY (THE) 0 52.077 52.077
**D MORRIS & GWENDOLYN CAFRITZ FOUNDATION 0 47.590 47.590
**D NOVARTIS CORPORATION PENSION MASTER TRUST 0 708.135 708.135
**D HIRTLE CALLAGHAN TRUST INTERNATIONAL EQUITY PORTFOLIO 0 2.756.250 2.756.250
**D HIRTLE CALLAGHAN INSTITUTIONAL INTERNATIONAL EQUITY PTF 0 4.006.200 4.006.200
**D LONZA AMERICA INC MASTER RETIREMENT TRUST 0 47.955 47.955
**D EXLEY MANAGEMENT SERVICES LLC 0 11.500 11.500
**D FIDELITY RUTLAND SQUARETRUST II: STRATEGIC ADVISERS INT F 0 4.696.522 4.696.522
**D LONDON BOROUGH OF TOWER HAMLETS PENSION FUND 0 787.081 787.081
**D THE MOTOROLA PENSION SCHEME 0 336.342 336.342
**D LONDON BOROUGH OF BARKING & DAGENHAM SUPERANNUATION FUND 0 489.621 489.621
**D RUSSELL INVESTMENT COMPANY II PLC 0 3.202.681 3.202.681
**D JOHN HANCOCK TRUST INTERNATIONAL CORE TRUST 0 829.585 829.585
**D JOHN HANCOCK FUNDS III INTERNATIONAL CORE FUND 0 1.756.898 1.756.898
**D JOHN HANCOCK TRUST INTERNATIONAL INDEX TRUST 0 2.516.990 2.516.990
**D THE HEALTH FOUNDATION 0 461.569 461.569
**D JOHNSON & JOHNSON UK GROUP RETIREMENT PLAN 0 133.454 133.454
**D THE UCI FOUNDATION 0 16.656 16.656
**D SSM HEALTH CARE PORTFOLIO MANAGEMENT COMPANY 0 349.321 349.321
**D COHEN & STEERS GLOBAL INCOME BUILDER, INC. 0 202.860 202.860
**D AMERICAN AIRLINES INC., MASTER FIXED BENEFIT PENSION TRUST 0 4.324.077 4.324.077
**D ALLIANCEBERNSTEIN COLLECTIVE INVESTMENT TRUST SERIES 0 80.835 80.835
**D JOHN HANCOCK LIFE AND HEALTH INSURANCE COMPANY 0 429.744 429.744
**D METROPOLITAN LIFE INSURANCE COMPANY 0 370.648 370.648
**D GENERAL MOTORS HOURLY-RATE EMPLOYEES PENSION TRUST 0 666.897 666.897
**D GENERAL MOTORS SALARIED EMPLOYEES PENSION TRUST 0 485.506 485.506
**D GMAM INVESTMENT FUNDS TRUST 0 981.826 981.826
**D BAE MASTER PENSION INVESTMENT TRUST 0 2.067.603 2.067.603
Page 10

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D ESG MANAGERS GROWTH PORTFOLIO 0 620 620
**D ESG MANAGERS MODERATE PORTFOLIO 0 516 516
**D ESG MANAGERS CONSERVATIVE PORTFOLIO 0 292 292
**D ESG MANAGERS AGGRESSIVE GROWTH PORTFOLIO 0 397 397
**D ARIZONA STATE RETIREMENT SYSTEM 0 944.231 944.231
**D ARIZONA STATE RETIREMENT SYSTEM 0 91.177 91.177
**D SACRAMENTO REGIONAL TRANSIT DISTRICT 0 25.694 25.694
**D PRINCIPAL GLOBAL INVESTORS COLLECTIVE INVESTMENT TRUST 0 366.948 366.948
**D ORG FOR SMALL&MEDIUM ENTERPRISES AND REGIONAL INNOVATION 0 1.300.892 1.300.892
**D JAPAN TRUSTEE SERV BK LTD ATF GLB FIN EQ F LTD SUBSCR PERIOD 0 42.716 42.716
**D JAPAN TRUSTEE SERV BK LTD ATF CMA SHINKO FINANCIAL EQ MF 0 31.734 31.734
**D GENERAL CONFERENCE CORPORATION OF SEVENTH DAY ADVENTISTS 0 19.619 19.619
**D AXA ROSENBERG EQUITY ALPHA TRUST 0 120.000 120.000
**D ELLEN MORRIS FAMILY NOMINEE AGREEMENT A 0 1.940 1.940
**D ROBERT J. MORRIS TRUST 0 634 634
**D CALVERT VP EAFE INTERNATIONAL INDEX PORTFOLIO 0 228.027 228.027
**D CAISSE DE DEPOT ET PLACEMENT DU QUEBEC 0 29.072.481 29.072.481
**D AMERICAN BEACON INTERNATIONAL EQUITY FUND 0 3.023.896 3.023.896
**D THE PREMIER TRUST FUND FOR QUALIFIED EMPLOYEE BENEFIT PLANS 0 114.573 114.573
**D FEDEX CORPORATION EMPLOYEES PENSION TRUST 0 267.918 267.918
**D EATON VANCE TAX-MANAGED GLOBAL BUY-WRITE OPPORTUNITIES FUND 0 2.422.488 2.422.488
**D EATON VANCE STRUCTURED INTERNATIONAL EQUITY FUND 0 7.112 7.112
**D MARQUIS INSTITUTIONAL GLOBAL EQUITY PORTFOLIO 0 59.625 59.625
**D TIFF INTERNATIONAL EQUITY FUND 0 57.975 57.975
**D TIFF INVESTMENT PROGRAM, INC - TIFF MULTI-ASSET FUND 0 1.162.275 1.162.275
**D GMO DEVELOPED WORLD EQUITY INVESTMENT FUND PLC 0 1.871.958 1.871.958
**D GMO TAX-MANAGED GLOBAL BALANCED PORTFOLIO 0 56.483 56.483
**D REED ELSEVIER US RETIREMENT PLAN 0 139.916 139.916
**D JOHNSON & JOHNSON PENSION & SAVINGS PLANS MASTER TRUST 0 604.503 604.503
**D JOHNSON & JOHNSON PENSION & SAVINGS PLANS MASTER TRUST 0 1.496.493 1.496.493
**D MULTI-STYLE, MULTI-MANAGER FUNDS PLC 0 4.475.405 4.475.405
**D ANCHOR SERIES TRUST STRATEGIC MULTI-ASSET PORTFOLIO 0 3.193 3.193
**D SUNAMERICA SERIES TRUST FOREIGN VALUE PORTFOLIO 0 2.842.964 2.842.964
**D SEASONS SERIES TRUST ASSET ALLOCATION:DIVERSIFIED GROWTH PTF 0 112.436 112.436
**D SEASONS SERIES TRUST INTERNATIONAL EQUITY PORTFOLIO 0 459.070 459.070
**D DWS LIFECYCLE LONG RANGE FUND 0 146.319 146.319
**D DWS BALANCED VIP 0 144.623 144.623
**D DWS BALANCED FUND 0 553.259 553.259
**D DWS EAFE EQUITY INDEX FUND 0 19.333 19.333
**D MULTI-MANAGER ICVC - MULTI-MANGER INTERNATIONAL EQUITY FUND 0 527.531 527.531
**D KBR UK COMMON INVESTMENT FUND 0 636.248 636.248
**D LEGG MASON FUNDS ICVC - LEGG MASON CONTINENTAL EUROPEAN EQ F 0 26.506 26.506
**D RUSSELL INTERNATIONAL SHARES TRACKER FUND . 0 387.732 387.732
Page 11

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D MARYLAND STATE RETIREMENT & PENSION SYSTEM 0 3.941.115 3.941.115
**D MARATHON GLOBAL FUND : GLOBAL EQUITY FUND 0 893.456 893.456
**D MARATHON NEW GLOBAL FUND PLC 0 3.056.500 3.056.500
**D MARATHON GLOBAL FUND: INTERNATIONAL EQUITY FUND 0 579.763 579.763
**D MD INTERNATIONAL VALUE FUND 0 621.937 621.937
**D CORE STRATEGIES INVESTMENT FUND LLC 0 159.430 159.430
**D JANUS OVERSEAS FUND 0 127.766.657 127.766.657
**D JANUS ASPEN SERIES OVERSEAS PORTFOLIO 0 15.265.827 15.265.827
**D JANUS ADVISER INTERNATIONAL EQUITY FUND 0 814.063 814.063
**D CAUSEWAY INTERNATIONAL VALUE GROUP TRUST 0 2.100.961 2.100.961
**D CAUSEWAY INTERNATIONAL OPPORTUNITIES GROUP TRUST 0 487.861 487.861
**D CANADA PENSION PLAN INVESTMENT BOARD . 0 20.749.195 20.749.195
**D BRANDES CANADA INTERNATIONAL EQUITY UNIT TRUST 0 1.283.300 1.283.300
**D OHIO POLICE AND FIRE PENSION FUND 0 4.460.171 4.460.171
**D STATE TEACHERS RETIREMENT SYSTEM OF OHIO 0 10.725.730 10.725.730
**D NEWPORT NEWS EMPLOYEE RETIREMENT FUND 0 18.625 18.625
**D COSMOPOLITAN INVESTMENT FUND 0 10.081 10.081
**D TAM INTERNATIONAL EQUITY TRUST 0 132.037 132.037
**D WESTPAC STAFF SUPERANNUATION PLAN 0 6.500 6.500
**D IPAC SPEC INV STRATEGIES - INT SHARE STRATEGY NO 1 0 586.310 586.310
**D RETIREMENT AND SECY PROGRAM FOR EMPL/NTCA AND MEMBERS SYS 0 86.951 86.951
**D GMO GLOBAL EQUITY TRUST (EX-AUSTRALIA) 0 767.201 767.201
**D ALASKA COMMON TRUST FUND 0 253.193 253.193
**D BNY MELLON TR DEP LTD ATF ST JAMES`S PL STRAT MANAG UNIT TR 0 3.855.685 3.855.685
**D MINISTRY OF STRATEGY AND FINANCE 0 595.985 595.985
**D DEUTSCHE DBI GLOBAL SHARES FUND 0 49.065 49.065
**D BEST INVESTMENT CORPORATION 0 572.631 572.631
**D HONG KONG SPECIAL ADMINISTRATIVE REGION GOVERNMENT-EXCHANGE F 0 2.501.597 2.501.597
**D SUPERVALU INC. MASTER INVESTMENT TRUST 0 35.338 35.338
**D CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0 12.303.519 12.303.519
**D TEACHER RETIREMENT SYSTEM OF TEXAS 0 498.039 498.039
**D STATE STREET TRUSTEES LIMITED ATF MARATHON EXEMPT FUND 0 132.889 132.889
**D ASIAN DEVELOPMENT BANK 0 165.681 165.681
**D UAW RETIREE MEDICAL BENEFITS TRUST 0 474.429 474.429
**D BILL AND MELINDA GATES FOUNDATION TRUST 0 296.797 296.797
**D WELLS FARGOMASTER TRUST DIVERSIFIED STOCK PORTFOLIO 0 1.176.933 1.176.933
**D WELLS FARGO MASTER TRUST INTERNATIONAL INDEX PORTFOLIO 0 34.858 34.858
**D WILMINGTON TRUST RETIREMENT AND INST SER CO COLLECTIVE INV TR 0 340.515 340.515
**D WSIB INVESTMENTS (PUBLIC EQUITIES) POOLED FUND TRUST 0 2.533.647 2.533.647
**D SCOTTISH WIDOWS PLC 0 8.921.742 8.921.742
**D PRUDENTIAL RETIREMENT INSURANCE & ANNUITY COMPANY 0 3.552.433 3.552.433
**D MANULIFE ASSET MANAGEMENT INTERNATIONAL EQUITY INDEX POOLED F 0 81.215 81.215
**D GOLDMAN SACHS FUNDS 0 3.496.123 3.496.123
Page 12

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D GOLDMAN SACHS FUNDS II 0 361.920 361.920
**D CELANESE AMERICAS RETIREMENT PENSION PLAN 0 471.009 471.009
**D CITY OF SAN JOSE POLICE & FIRE DEPARTMENT RETIREMENT PLAN 0 238.930 238.930
**D TEACHERS` RETIREMENT SYSTEM OF THE STATE OF ILLINOIS 0 2.032.412 2.032.412
**D CENTRAL PENSION F OF INT UNION OF OPERAT & PART EMPL 0 1.013.521 1.013.521
**D HARBOR CAPITAL GROUP TRUST FOR DEFINED BENEFIT PLANS 0 259.390 259.390
**D KAISER PERMANENTE MASTER TRUST 0 627.983 627.983
**D M FUND BRANDES INTERNATIONAL EQUITY FUND 0 492.500 492.500
**D THE CIVIL SERVICE SUPERANNUATION FUND 0 168.105 168.105
**D BP PENSION FUND 0 6.126.295 6.126.295
**D WELLS FARGO INTRINSIC WORLD EQUITY FUND 0 470.000 470.000
**D CUMBRIA LOCAL GOVERNMENT PENSION SCHEME 0 693.350 693.350
**D BRANDES INSTITUTIONAL INTERNATIONAL EQUITY FUND 0 1.379.157 1.379.157
**D BLACKROCK INST TRUST CO N.A. INV FUNDSFOR EMPL BENEFIT TR 0 63.040 63.040
**D INTERNATIONAL PAPER CO COMMINGLED INVESTMENT GROUP TRUST 0 333.561 333.561
**D GOLDMAN SACHS TRUST COMPANY N A COLLECTIVE TRUST 0 334.713 334.713
**D AMERICAN AIRLINES PILOTS RET BENEFIT PROGRAM VAR INCOME PLAN 0 1.316.858 1.316.858
**D MUNDER INTERNATIONAL EQUITY FUND 0 128.951 128.951
**D RUSSELL TR CO COMMINGLED EMPL BEN RUSSELL INT RATE MGMN SOL 0 342.656 342.656
**D IAM NATIONAL PENSION FUND 0 465.167 465.167
**D SAN DIEGO CITY EMPLOYEES` RETIREMENT SYSTEM 0 385.760 385.760
**D STATE OF ALASKA RETIREMENT AND BENEFITS PLANS 0 3.410.791 3.410.791
**D COLUMBIA INTERNATIONAL VALUE MASTER PORTFOLIO 0 3.651.500 3.651.500
**D RUSSELL INTERNATIONAL SHARES FUND 0 2.020.400 2.020.400
**D RUSSELL INVESTMENT COMPANY INTERNATIONAL FUND 0 360.155 360.155
**D DESJARDINS GLOBAL EQUITY VALUE FUND 0 588.700 588.700
**D DELUXE CORPORATION MASTER RETIREMENT TRUST PLAN 0 267.569 267.569
**D THE REGENTS OF THE UNIVERSITY OF CALIFORNIA 0 10.771.932 10.771.932
**D MASSACHUSETTS LABORERS PENSION FUND 0 114.133 114.133
**D VALIC COMPANY I - INTERNATIONAL EQUITIES FUND 0 422.698 422.698
**D VALIC COMPANY I-INTERNATIONAL GROWTH I FUND 0 1.034.850 1.034.850
**D VALIC COMPANY I - FOREIGN VALUE FUND 0 4.747.665 4.747.665
**D FRESNO COUNTY EMPLOYEES` RETIREMENT ASSOCIATION 0 350.812 350.812
**D METROPOLITAN SERIES FUND MORGAN STANLEY EAFE INDEX PORTFOLIO 0 903.108 903.108
**D STATE OF MINNESOTA 0 495.443 495.443
**D STATE OF MINNESOTA 0 285.048 285.048
**D RUSSELL INVESTMENT FUNDS NON-U.S. FUND 0 643.141 643.141
**D ALAMEDA COUNTY EMPLOYEES` RETIREMENT ASSOCIATION 0 1.570.059 1.570.059
**D MITCHELLS AND BUTLERS CIF LIMITED 0 300.175 300.175
**D JOHN HANCOCK INSURANCE COMPANY OF VERMONT 0 65.223 65.223
**D HOUSTON MUNICIPAL EMPLOYEES PENSION SYSTEM 0 156.567 156.567
**D ORANGE COUNTY EMPLOYEES RETIREMENT SYSTEM 0 67.102 67.102
**D RUSSELL INVESTMENT COMPANY IV PLC 0 350.000 350.000
Page 13

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D RUSSELL INVESTMENT COMPANY PLC 0 8.597.077 8.597.077
**D NEBRASKA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0 806.244 806.244
**D STATE OF NEBRASKA DEPARTMENT OF ADMINISTRATIVE SERVICES 0 37.468 37.468
**D ILLINOIS STATE BOARD OF INVESTMENT 0 3.072.553 3.072.553
**D UNIVERSAL INVESTMENT FUNDS 0 440.000 440.000
**D GREYSTONE EAFE QUANTITATIVE FUND 0 2.114.494 2.114.494
**D BRUNEI INVESTMENT AGENCY 0 3.152.428 3.152.428
**D BRUNEI INVESTMENT AGENCY 0 1.452.594 1.452.594
**D OMERS ADMINISTRATION CORPORATION 0 530.259 530.259
**D STATE OF CONNECTICUT RETIREMENT PLANS & TRUST FUNDS 0 2.916.679 2.916.679
**D WORKERS COMPENSATION BOARD-ALBERTA 0 303.090 303.090
**D CITY OF PROVIDENCE EMPLOYEES RETIREMENT SYSTEM 0 220.414 220.414
**D AARGAUISCHE PENSIONSKASSE 0 295.597 295.597
**D UNIVERSITY OF TORONTO MASTER TRUST 0 28.850 28.850
**D GOVERNING COUNCIL OF THE UNIVERSITY OF TORONTO 0 21.283 21.283
**D ABBEY LIFE ASSURANCE COMPANY LIMITED 0 6.429.335 6.429.335
**D SCOTTISH WIDOWS UNIT FUNDS LIMITED 0 3.089.240 3.089.240
**D PENSIONS MANAGEMENT (S.W.F.) LIMITED 0 547.741 547.741
**D SCOTTISH WIDOWS OVERSEAS GROWTH INV F ICVC - EURO GROWTH F 0 3.838.777 3.838.777
**D SCOTTISH WIDOWS OVERSEAS GROWTH INV F ICVC-EUROP SEL GROW F 0 1.832.736 1.832.736
**D SCOTTISH WIDOWS OVERSEAS GROWTH INV F ICVC-EUROLAND F 0 197.959 197.959
**D STATE STREET TRUSTEES LIMITED ATF SWIP CAPITAL TRUST 0 1.284.690 1.284.690
**D SOUTHERN CA UNITED FOOD COMMERCIAL WORKERS UNION FOOD EMPLOYERS 0 173.372 173.372
**D SAN DIEGO ELEC WORKERS PENSION TRUST 0 58.583 58.583
**D SKANDINAVISKA ENSKILDA BANKEN SA 0 1.620.676 1.620.676
**D FORTIS INVESTMENT MANAGEMENT 0 794.684 794.684
**D FONDS DE RESERVE POUR LES RETRAITES 0 348.100 348.100
**D RAVGDT DIVERSIFIE I ALLIANZ GLOBAL INVES 0 400.000 400.000
**D FCP ERAFP ACTIONS EUROS4 BTF P 0 732.300 732.300
**D LBPAM ACTIONS EUROPE 0 2.270.000 2.270.000
**D LBPAM ACTIONS FINANCE 0 344.000 344.000
**D XENYS 0 90.000 90.000
**D FCP TONI ACTIONS 100 0 967.289 967.289
**D LBPAM VOIE LACTEE 2 0 164.636 164.636
**D TUTELAIRE ACTIONS 0 145.000 145.000
**D TUTELAIRE ACTIONS ETHIQUES 0 73.475 73.475
**D VIVACCIO ACTIONS 0 3.619.180 3.619.180
**D LBPAM ACTIONS DIVERSIFIE 0 1.553.909 1.553.909
**D LBPAM ACTIONS EURO 0 6.000.000 6.000.000
**D LBPAM ACTIONS INDICE 0 4.659.124 4.659.124
**D LBPAM PROFIL 80 PEA 0 1.174.789 1.174.789
**D LBPAM PROFIL 100 0 415.924 415.924
**D LBPAM ACTIONS DEVELOPPEMENT DURABLE 0 4.140.627 4.140.627
Page 14

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D LBPAM ACTIONS ISR MONDE 0 100.000 100.000
**D FONDS DE RESERVE POUR LES RETRAITES 0 21.939.432 21.939.432
**D VILLIERS DIVERSIFIE DEXIA AM 0 501.509 501.509
**D RAVGDT DIVERSIFIE II DEXIA AM 0 59.992 59.992
**D FCP VILLIERS CROISSANCE 0 4.003.383 4.003.383
**D UFF TEMPO PEA 0 895.019 895.019
**D COVEA FINANCE CROISSANCE 0 184.000 184.000
**D BOISSY ORIZON DURABLE 0 29.620 29.620
**D FCP COVEA FINANCE ACTIONS EUROPE INSTIT II 0 5.182.773 5.182.773
**D FCP REUNICA UB3 0 2.743.558 2.743.558
**D HAMELIN DIVERSIFIE II 0 250.000 250.000
**D AGIRC F1 0 451.601 451.601
**D AA UBS ACTIONS EURO 0 5.490.452 5.490.452
**D FCP BOURBON 8 0 664.170 664.170
**D FCP HAMELIN DIVERSIFIE PERP 0 8.500 8.500
**D FCP COVEA FINANCE ACTI EUROPE 0 429.220 429.220
**D FCP A.A.-DEXIA-ISR 0 27.002 27.002
**D BOURBON 4 0 96.624 96.624
**D UNIVERS CNP 1 0 1.010.195 1.010.195
**D CNP ACP ACTIONS LT 0 201.656 201.656
**D CROISSANCE DIVERSIFIE 0 6.964 6.964
**D CONCORDE 96 0 91.268 91.268
**D NATIXIS ISR ACTIONS 0 751.529 751.529
**D IXIS FLAMME 0 227.600 227.600
**D FCP NATIXIS IONIS 0 91.951 91.951
**D I CROISSANCE 0 90.163 90.163
**D MEDERIC ALZHEIMER IXIS AM 0 37.361 37.361
**D CMD AGIRC IXIS D 0 777.436 777.436
**D BOURBON 5 0 98.346 98.346
**D IXIS EURO ACTIONS 0 1.903.720 1.903.720
**D ECUREUIL 1,2,3 FUTUR 0 1.603.784 1.603.784
**D ECA DIVERSIFIE 0 95.660 95.660
**D FCP NATIXIS ACTIONS EURO GROWTH 0 640.000 640.000
**D CNP ASSUR PIERRE 0 181.343 181.343
**D CNP ASSUR VALEURS 0 335.546 335.546
**D AGIRC BD 0 116.049 116.049
**D FCP CNP GGR 0 96.721 96.721
**D ABP ACTIONS 0 20.523.328 20.523.328
**D AREGE 2IC 0 80.638 80.638
**D FCP RSRC DIVERSIFIE 0 385.217 385.217
**D CARBP DIVERSIFIE 0 205.062 205.062
**D MONNET 0 53.944 53.944
**D FCP RL PREVOYANCE 0 189.469 189.469
Page 15

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D ABP CROISSANCE RENDEMENT 0 800.000 800.000
**D FRUCTIFONDS VALEURS EUROPEENNES 0 846.854 846.854
**D PREPAR CROISSANCE 0 222.439 222.439
**D IMPACT ISR CROISSANCE 0 146.773 146.773
**D AREVA DIVERSIFIE OBLIGATAIRE 0 88.349 88.349
**D OCP EPARGNE 0 21.424 21.424
**D FCPE SAFRAN DYNAMIQUE 0 192.288 192.288
**D EGEPARGNE 1 0 72.569 72.569
**D EGEPARGNE 2 0 1.600.030 1.600.030
**D HUTCHINSON ACTIONS 0 46.572 46.572
**D FCPE FCP REGULIER AIR LIQUIDE DEVELOPPEMENT 0 16.986 16.986
**D FCPE FODIV 0 64.052 64.052
**D FCPE NATIXIS AVENIR 1 PERFORMANCE 0 226.170 226.170
**D FCPE NATIXIS AVENIR 2 DYNAMIQUE 0 38.660 38.660
**D FCPE NATIXIS AVENIR 3 CROISSANCE 0 100.721 100.721
**D FCPE NATIXIS AVENIR 4 EQUILIBRE 0 158.202 158.202
**D FCPE NATIXIS AVENIR 5 RENDEMENT 0 63.600 63.600
**D SAFRAN MIXTE 0 45.515 45.515
**D NATIXIS ES ACTIONS EURO 0 425.440 425.440
**D IMPACT ISR RENDEMENT SOLIDAIRE 0 127.772 127.772
**D FCPE IMPACT ISR PERFORMANCE 0 310.287 310.287
**D IMPACT ISR DYNAMIQUE 0 68.621 68.621
**D IMPACT ISR EQUILIBRE 0 722.434 722.434
**D FCPE NATIXIS AVENIR MIXTE SOLIDAIRE 0 12.945 12.945
**D MULTILATERAL INVESTMENT GUARANTEE AGENCY 0 27.157 27.157
**D TDX INDEPENDENCE 2020 EXCHANGETRADED FUND 0 12.335 12.335
**D WELLS FARGO BANK MINNESOTA NA 0 5.463 5.463
**D VALERO ENERGY CORPORATION PENSION PLAN 0 84.711 84.711
**D NORTHWEST NATURAL GAS COMPANY RETIREMENT TRUST 0 43.010 43.010
**D PRINCIPAL FUNDS INC-DIVERSIFIED INTERNATIONAL FUND 0 3.418.702 3.418.702
**D CAUSEWAY INTERNATIONAL VALUE FUND 0 8.999.430 8.999.430
**D AVIVA UKGI INVESTMENTS LIMITED 0 866.402 866.402
**D ING BM 1 ING FINANCIALS FD 0 766.401 766.401
**D DESERET MUTUAL MASTER RETIREMENT PLAN 0 342.925 342.925
**D DESERET HEALTHCARE EMPLOYEE BENEFIT TRUST 0 10.200 10.200
**D US BANK/PORTFOLIO 21 0 437.484 437.484
**D PRINCIPAL FUNDS INC- INTERNATIONAL GROWTH FUND 0 205.383 205.383
**D THE CITY OF NEW YORK GROUP TRUST 0 7.763.809 7.763.809
**D PNC BANK N.A. 0 25.720 25.720
**D PUBLIC SCHOOL RETIREMENT SYSTEMOF THE CITY OF ST.LOUIS 0 292.044 292.044
**D PRINCIPAL VARIABLE CONTRACTS FUNDS INC- INTERNATIONAL EMERGING MARKETS ACCOUNT 0 912.543 912.543
**D ING INVESTMENT MANAGEMENT EUROPE NV 0 3.959.812 3.959.812
**D AV SUPER FUND 0 12.931 12.931
Page 16

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D SPRUCEGROVE NON-US EQUITY LLC 0 1.064.917 1.064.917
**D NON-US EQUITY MANAGERS PORTFOLIO 1 SERIES 0 575.603 575.603
**D WISDOMTREE DEFA FUND 0 278.958 278.958
**D ROCKFORD HEALTH SYSTEM PENSION PLAN 0 6.739 6.739
**D ROCKFORD HEALTH SYSTEM MASTER TRUST 0 41.372 41.372
**D WISDOMTREE INTERNATIONAL LARGECAP DIVIDEND 0 162.250 162.250
**D US BANK BR OMNI PENSION 0 32.341 32.341
**D US BANK BR OMNITAXABLE 0 9.313 9.313
**D MLC LIMITED 0 49.422 49.422
**D TDX INDEPENDENCE 2010 EXCHANGETRADED FUND 0 2.261 2.261
**D TDX INDEPENDENCE 2030 EXCHANGE TRADED FUND 0 20.155 20.155
**D TDX INDEPENDENCE 2040 EXCHANGETRADED FUND 0 15.830 15.830
**D TDX INDEPENDENCE INTARGET EXCHANGEDTRADED FUND 0 5.194 5.194
**D WM POOL EQUITIES TRUST NO.34 0 3.417.790 3.417.790
**D ARK LIFE ASSURANCE COMPANY LIMITED 0 497.204 497.204
**D GS TACS MARKET CONTINUOUS (INTL) LLC 0 601.732 601.732
**D WALTER E. DISNEY FAMILY TRUST UNDER WILL 0 50.899 50.899
**D PRINCIPAL FUNDS INC INTERNATIONAL VALUE FUND 1 0 4.405.168 4.405.168
**D WM POOL - EQUITIES TRUST NO. 22 0 210.852 210.852
**D WISDOMTREE INTERNATIONAL HEDGEDEQUITY FUND 0 12.597 12.597
**D INVESCO PERPETUAL EUROPEAN EQUITY INCOMETRUST 0 743.106 743.106
**D INVESCO PERPETUAL EUROPEAN HIGHINCOME FUND 0 52.177 52.177
**D INVESCO PERPETUAL EUROPEAN EQUITY FD 0 10.485.737 10.485.737
**D MACOMB COUNTY EMPLOYEES RETIREMENT SYSTEM 0 79.543 79.543
**D THE BANK OF KOREA 0 31.521 31.521
**D INVESCO FUNDS SERIES 0 482.319 482.319
**D ALLSTATE INSURANCE COMPANY 0 1.285.290 1.285.290
**D PRINCIPAL FUNDS INC.-INTERNATIONAL EQUITY INDEX FUND 0 550.632 550.632
**D AQR GLOBAL ENHANCED EQUITY FUND 0 26.481 26.481
**D GOLDMAN SACHS INSTITUTIONAL FUNDS PLC 0 126.853 126.853
**D INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 0 762.975 762.975
**D CENTRICA COMBINED COMMON INVESTMENT FUND 0 600.334 600.334
**D CHESHIRE PENSION FUND . 0 1.168.323 1.168.323
**D DERBYSHIRE COUNTY COUNCIL SUPERANNUATION FUND 0 3.734.098 3.734.098
**D STICHTING DOW PENSIOENFONDS . 0 303.299 303.299
**D ESSEX COUNTY COUNCIL . 0 160.622 160.622
**D RHM PENSION SCHEME . 0 277.048 277.048
**D IRISH AIRLINES (GENERAL EMPLOYEES) SUPERANNUATION 0 3.817.702 3.817.702
**D LANCASHIRE COUNTY PENSION FUND. 0 771.300 771.300
**D MERCHANT NAVY OFFICERS PENSION FUND 0 67.062 67.062
**D PEARSON GROUP PENSION PLAN 0 121.977 121.977
**D PRINCIPAL GLOBAL INVESTORS TRUST-INTERNATIONAL EQUITY FUND 0 96.260 96.260
**D PRINCIPAL GLOBAL INVESTORS FUNDS 0 313.422 313.422
Page 17

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D WORCESTERSHIRE COUNTY COUNCIL PENSION FUND 0 1.165.427 1.165.427
**D PICTET NON-US EQUITY OFFSHORE MAST 0 1.566.493 1.566.493
**D NON US EQUITY MANAGERS PORTFOLIO 5 OFFSHORE MASTER LP 0 769.329 769.329
**D NBT MAIN A C (NCB CLEARING SVCS) 0 938.293 938.293
**D BOC PENSION INVESTMENT FUND BOCPENSIONS LIMITED 0 285.598 285.598
**D ACHMEA PENSIOEN EN LEVENSVERZEKERINGEN N.V. 0 111.687 111.687
**D MCKINLEY CAPITAL MANAGEMENT FUND PLC 0 19.877 19.877
**D BERKELEY SQUARE COMMON INVESTMENT FUND LIMITED 0 302.443 302.443
**D STICHTING PENSIOENFONDS UWV . 0 854.076 854.076
**D THE MEDICAL CENTRE INSURANCE COMPANY LTD. 0 253.926 253.926
**D OIL INVESTMENT CORPORATION LTD&OIL CAS INVESTMENT 0 291.807 291.807
**D HSBC BANK (CAYMAN) LIMITED 0 143.210 143.210
**D STICHTING BEWAARDER INTERPOLIS PENSIOENEN BELEGGINGSPOOLS 0 506.323 506.323
**D BPS 0 901.223 901.223
**D BPL 0 5.168.005 5.168.005
**D STICHTING PENSIOENFONDS VOOR DE GRAFISCHE BEDRIJVEN 0 1.381.900 1.381.900
**D STICHTING BEDRIJKSTAKPENSIENFONDS VOOR HET KAPPERSBEDRIJF 0 34.531 34.531
**D STICHTING PFDS VOOR DE TANDTECHNIEK 0 70.564 70.564
**D STICHTING BEDRIJFSTAKPENSIOENFONDS VOOR HET LEVENSMIDDELENBEDRIJF 0 395.815 395.815
**D SUNSUPER SUPERANNUATION FUND 0 321.419 321.419
**D GOLDMAN SACHS GLOBAL EQUITY PARTNERS I LLC 0 410.043 410.043
**D STICHTING RABOBANK PENSIOENFONDS 0 661.755 661.755
**D BELEGGINSPOOL ACHMEA AANDELEN EURO 0 2.501.506 2.501.506
**D BELEGGINGSPOOL ACHMEA 0 619.595 619.595
**D INTERPOLIS PENSIOENEN EUROPA POOL 0 346.496 346.496
**D ABB INC. MASTER TRUST . 0 128.657 128.657
**D AIR CANADA PENSION MASTER TRUSTFUND 0 2.430.074 2.430.074
**D RUSSELL OVERSEAS EQUITY FUND . 0 1.078.200 1.078.200
**D RUSSELL OVERSEAS EQUITY POOL . 0 532.400 532.400
**D ALASKA PERMANENT FUND CORPORATION 0 3.469 3.469
**D ALAMOSA LLC . 0 14.215 14.215
**D EAFE EQUITY FUND . 0 981.218 981.218
**D ALABAMA PREPAID AFFORDABLE COLLEGE TUITION TRUST FUND 0 49.197 49.197
**D ROCKWELL AUTOMATION MASTER TRUST 0 799.705 799.705
**D BJC HEALTH SYSTEM . 0 726.330 726.330
**D BJC GROUP PENSION TRUST . 0 330.175 330.175
**D BLUE CROSS BLUE SHIELD OF NORTHCAROLINA RETIR 0 278.894 278.894
**D HIGHMARK INC. 0 281.655 281.655
**D CATHOLIC UNITED INVESTMENT TRUST 0 1.408.456 1.408.456
**D COLLIER FAMILY OFFICE INC . 0 520.537 520.537
**D COLLEGES OF APPLIED ARTS AND TECHNOLOGY PENSION P 0 1.289.400 1.289.400
**D COMMONWEALTH OF PENNSYLVANIA STATE EMPLOYEES RETIREMENT SYSTEM. 0 1.073.753 1.073.753
**D CARGILL INC. & ASSOCIATED COMPANIES MASTER PEN 0 321.790 321.790
Page 18

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D CONRAIL EMPLOYEE BENEFITS TRUST 0 15.973 15.973
**D CANADIAN PACIFIC RAILWAY COMPANY PENSION PLAN 0 430.849 430.849
**D CF INTERNATIONAL STOCK INDEX FUND 0 875.124 875.124
**D THE DEARBORN PARTNERS GROUP TRUST 0 279.202 279.202
**D ONTARIO POWER GENERATION INC . 0 554.810 554.810
**D ONTARIO POWER GENERATION INC . 0 511.067 511.067
**D DELAWARE INTERNATIONAL EQUITY FUND 0 217.346 217.346
**D DELAWARE INVESTMENTS GLOBAL FUNDS PLC 0 37.424 37.424
**D BNY MELLON EB COLLECTIVE INVESTMENT FUND PLAN 0 1.604.146 1.604.146
**D ADVANTAGE FUNDS INC - GLOBAL ALPHA FUND 0 22.539 22.539
**D DREYFUS INDEX FUNDS INC DREYFUS INTERNATIONAL STC 0 691.164 691.164
**D DT INTERNATIONAL STOCK INDEX FUND 0 1.515.960 1.515.960
**D ENERGY EAST CORPORATION MASTERTRUST 0 332.183 332.183
**D EATON VANCE CORPORATION 0 7.888 7.888
**D ELECTRICAL WORKERS LOCAL 26 PENSION TRUST FUND 0 99.123 99.123
**D CBIS GLOBAL FUNDS PLC 0 90.000 90.000
**D FAIRFAX COUNTY UNIFORMED RETIREMENT SYSTEM 0 126.360 126.360
**D FIRE AND POLICE PENSION ASSOCIATION OF COLOR 0 236.008 236.008
**D FIRE AND POLICE PENSION ASSN OFCOLORADO 0 425.423 425.423
**D FIRE & POLICE EMPLOYEES RET. SYSTEM-CITY OF BALTI 0 1.081.710 1.081.710
**D FLORIDA RETIREMENT SYSTEM . 0 31.496.802 31.496.802
**D GOLDMAN SACHS FOUNDATION . 0 347.266 347.266
**D GMI INVESTMENT TRUST . 0 929.409 929.409
**D GOVERNORS OF THE UNIVERSITY OF ALBERTA 0 247.600 247.600
**D GRANGER FINANCIAL MANAGEMENT . 0 18.445 18.445
**D HEALTHCARE EMPLOYEES` PENSION PLAN - MANIT 0 1.590.118 1.590.118
**D HOWARD HUGHES MEDICAL INSTITUTE 0 168.785 168.785
**D ARCELORMITTAL USA INC. PENSION TRUST 0 169.975 169.975
**D INCO ELECTED MASTER TRUST . 0 157.967 157.967
**D IOWA PUBLIC EMPLOYEES` RETIREMENT SYSTEM 0 2.726.570 2.726.570
**D KANSAS PUBLIC EMPLOYEES RETIREMENT 0 1.249.295 1.249.295
**D COUNTY OF LOS ANGELES DEFERRED COMPENSATION AND THRIFT PLAN 0 1.674.327 1.674.327
**D DELAWARE INVESTMENTS GLOBAL DIAND INCOME FUND INC 0 106.746 106.746
**D DELAWARE VIP INTERNATIONAL VALUE EQUITY SERIES 0 517.458 517.458
**D DELAWARE INTERNATIONAL VALUE EQUITY FUND 0 2.761.139 2.761.139
**D DELAWARE DIVIDEND INCOME FUND . 0 236.075 236.075
**D DELAWARE AGGRESSIVE ALLOCATIONPORTFOLIO 0 143.641 143.641
**D DELAWARE CONSERVATIVE ALLOCATION PORTFOLIO 0 80.737 80.737
**D DELAWARE MODERATE ALLOCATION PORTFOLIO 0 348.147 348.147
**D DELAWARE GLOBAL VALUE FUND . 0 167.503 167.503
**D DELAWARE ENHANCED GLOBAL DIVIDEND AND INCOME FUND 0 420.721 420.721
**D DELAWARE GROUP FOUNDATION FUND - DELAWARE FOUNDATION EQUITY 0 3.271 3.271
**D LUCENT TECHNOLOGIES INC. DEFINED CONTRIBUTION PLAN MASTER TRUST 0 557.483 557.483
Page 19

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D LUCENT TECHNOLOGIES INC. MASTERPENSION TRUST 0 699.009 699.009
**D THE LINCOLN NATIONAL LIFE INSURANCE CO.(SEPARATE A 0 1.031.006 1.031.006
**D LVIP DELAWERE FOUNDATION CONSERVATIVE ALLOCATION FUND 0 281.695 281.695
**D LVIP DELAWARE FOUNDATION MODERATE A 0 115.580 115.580
**D LVIP DELAWARE FOUNDATION AGGRESSIVE ALLOCATION FUND 0 444.021 444.021
**D LOUISIANA STATE EMPLOYEES` RETIREMENT SYSTEM 0 1.140.200 1.140.200
**D MELLON BANK NA EMPLOYEE BENEFITCOLLECTIVE INVESTMENT 0 6.833.130 6.833.130
**D CERVURITE INTERNATIONAL LLC . 0 167.487 167.487
**D MARANIC II LLC . 0 18.884 18.884
**D MINISTRY OF DEFENCE PENSION FUND 0 172.361 172.361
**D MERCY INVESTMENT SERVICES 0 204.434 204.434
**D MARS GMBH . 0 803.812 803.812
**D INVESCO FONDS CAT 2 SPERRKONTO 0 719.714 719.714
**D MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHST 0 1.878.024 1.878.024
**D TREASURER OF THE STATE OF NORTHCAROLINAEQUITY INVESTMENT FUND POOLED 0 5.918.691 5.918.691
**D ROGERSCASEY TARGET SOLUTIONS LLC. 0 632.155 632.155
**D NSP MONTICELLO MINNESOTA RETAILQUALIFIED TRUST 0 63.990 63.990
**D NSP MINNESOTA PRAIRIE I RETAIL QUALIFIED TRUST 0 50.096 50.096
**D NSP MINNESOTA RETAIL PRAIRIE IIQUALIFIED TRUST 0 55.285 55.285
**D PUBLIC EMPLOYEES RETIREMENT SYSTEM OF NEVADA 0 3.209.492 3.209.492
**D BELL ATLANTIC MASTER TRUST 0 307.540 307.540
**D BELL ATLANTIC MASTER TRUST 0 4.087.413 4.087.413
**D BELL ATLANTIC MASTER TRUST 0 270.749 270.749
**D OPERATING ENGINEERS LOCAL 101 PENSION FUND 0 146.351 146.351
**D ONTARIO POWER GENERATION INC. PENSION PLAN 0 935.460 935.460
**D PENSION FUND SOCIETY OF THE BANK OF MONTREAL 0 302.700 302.700
**D PACIFIC GAS AND ELECTRIC QUALIFIED CPUC DECOMMISSIONING TRUST 0 522.096 522.096
**D PANAGORA GROUP TRUST . 0 29.479 29.479
**D HEALTH CARE SECURITY TRUST . 0 24.764 24.764
**D UPMC BASIC RETIREMENT PLAN MASTER TRUST 0 96.017 96.017
**D PENSION RESERVES INVESTMENT TRUST FUND 0 6.872.989 6.872.989
**D PUBLIC EMPLOYEE RETIREMENT SYSTEM OF IDAHO 0 766.997 766.997
**D QUEEN`S UNIVERSITY AT KINGSTON 0 20.600 20.600
**D ROHM AND HAAS MASTER TRUST . 0 156.125 156.125
**D ROCKWELL COLLINS MASTER TRUST 0 1.334.559 1.334.559
**D RUSSELL INSTITUTIONAL FUNDS LLCRUSSELL INTL EQUITY FUND 0 708.706 708.706
**D SOUTHERN CALIFORNIA EDISON CO NUCLEAR FACILITIES Q 0 617.215 617.215
**D THE SALVATION ARMY TERRITORIAL HEADQUAR 0 448.254 448.254
**D THE SALVATION ARMY OFFICERS` RETIREMENT TRUST FUN 0 97.464 97.464
**D SOUTHERN CALIFORNIA EDISON COMPANY RETIREMENT P 0 81.908 81.908
**D STATE OF WISCONSIN INVESTMENT BOARD 0 6.098.700 6.098.700
**D THE CALIFORNIA ENDOWMENT . 0 6.364 6.364
**D TD EMERALD INTERNATIONAL EQUITYINDEX FUND 0 1.665.928 1.665.928
Page 20

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
AGAINST
**D TD INTERNATIONAL INDEX FUND 0 249.688 249.688
**D TD EUROPEAN INDEX FUND . 0 58.438 58.438
**D TEACHERS` RETIREMENT ALLOWANCESFUND 0 541.408 541.408
**D IMPERIAL INTERNATIONAL EQUITY POOL 0 2.559.075 2.559.075
**D IMPERIAL OVERSEAS EQUITY POOL 0 331.749 331.749
**D TUCSON SUPPLEMENTAL RETIREMENT SYSTEM 0 294.033 294.033
**D TXU RETIREMENT PLAN MASTER TRUST 0 699.014 699.014
**D TENNESSEE VALLEY AUTHORITY RETIREMENT SYSTEM 0 115.690 115.690
**D UBS CANADA DYNAMIC ALPHA STRATEGY FUND 0 10.986 10.986
**D REGENTS OF THE UNIVERSITY OF MICHIGAN 0 147.486 147.486
**D UNIVERSITY OF PITTSBURGH MEDICAL CENTER SYSTE 0 287.006 287.006
**D UNITED TECHNOLOGIES CORP. MASTER RETIREMENT TR 0 1.118.714 1.118.714
**D VEBA PARTNERSHIP N LP . 0 141.259 141.259
**D VEBA PARTNERSHIP N LP . 0 118.500 118.500
**D VIRGINIA RETIREMENT SYSTEM . 0 6.365.027 6.365.027
**D WK KELLOG G FOUNDATION TRUST 0 375.980 375.980
**D THE BOSTON COMMON INTNL SOCIAL INDEX FUND, LLC 0 63.370 63.370
**D FOREST FOUNDATION 0 2.461 2.461
**D SEQUOIA FUNDATION 0 1.279 1.279
**D STEWARDSHIP FOUNDATION 0 9.766 9.766
**D WBW TRUST NUMBER ONE 0 1.997 1.997
**D 1975 IRREVOCABLE TRUST OF CD WEYERHAUSER 0 9.208 9.208
**D 1973 IRREVOCABLE TRUST OF CD WEYERHAUSER 0 1.582 1.582
**D CIBC INTERNATIONAL INDEX FUND 0 203.176 203.176
**D CIBC EUROPEAN INDEX FUND . 0 98.586 98.586
**D CIBC POOLED INTERNATIONAL EQUITY INDEX FUND 0 50.161 50.161
1287 ROSANIA ELMAN 0 0 0
*** LUCIANO LIDIA 0 10 10
*RA* VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 9.210 9.210
Total vote 1.925.338.373
Percentage of voters% 23,084081
Percentage of Capital% 9,989173
Page 21

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
ABSTENTIONS
1027 DE COSMO AMANDA 0 0 0
**D CITY OF PHILADELPHIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 0 352.048 352.048
Total vote 352.048
Percentage of voters% 0,004221
Percentage of Capital% 0,001827
Page 22

UniCredit S.p.A. 29 April 2011 20.29.11
RESULTS OF VOTING
Subjetc: Delega aumento capitale sociale € 34.000.000
EXTRAORDINARY SHAREHOLDERS' MEETING of 27 April 2011
(2^ Call 28 April 2011 3^ Call 29 April 2011)
NOT VOTING
1287 ROSANIA ELMAN 0 0 0
*** CASELLA POTITO 0 24 24
*** CAPPIELLO ANDREA 0 965 965
*** GALANO PASQUALE 0 8.329 8.329
*** ACQUAVIA VITO ANTONIO 0 11 11
*** TELESCA FRANCESCO SAVERIO 0 173 173
*** NOTARGIACOMO GIULIA 0 71.232 71.232
*** MITRIONE MARIA ADELAIDE 0 6.172 6.172
*** DI LUCCHIO LOREDANA ERMINIA 0 1.986 1.986
*** DI LUCCHIO GIANPAOLO CRISTIAN 0 3.984 3.984
*** DELLI COLLI CLEMENTE 0 128.301 128.301
*** DELLI COLLI VALERIA 0 57.948 57.948
*** TELESCA GIANLUCA 0 173 173
*** TELESCA MARIA LUIGIA 0 197 197
*** DE BONIS DONATO ANTONIO 0 11 11
*** VARLOTTA GIOVANNI 0 10 10
*** ATELLA GIANFRANCO 0 1.733 1.733
*** SARI ANGELO 0 18.213 18.213
*** BUFANO TOMMASO 0 13 13
*** MIMMO ANTONIO 0 14.289 14.289
*** GIGLIO DOMENICO 0 144 144
*** CORDASCO DOMENICO 0 11 11
*** CATAPANO SALVATORE CARMINE VINCENZO 0 5 5
*** NOLE` ORIANA 0 3.310 3.310
*** POTENZA DONATO 0 10.000 10.000
*** GUALANDI BIANCA ENRICA 0 1.818 1.818
*** VARLOTTA CINZIA ANNAMARIA 0 10 10
Total vote 329.062
Percentage of voters% 0,003945
Percentage of Capital% 0,001707
Page 23

UniCredit S.p.A. Extraordinary Shareholders' Meeting Page. 1
List of owner ordinary, shares taking part in the meeting held on 29/04/2011 in third call..
The proxies havebeen given in compilance with the provisions of section 2372 of then Italian Civil Code.
PRESENT IN /BY
Shares
Person Prozy In Person By Proxy
0 8 AGRIMANO SALVATORE 0 814.681.972
0 2 BOCCARDO SILVIO 0 692.454.671
1 0 BONINI BARBARA 4.138 0
0 6 CAMPANELLA TIZIANA 0 61.372.683
0 1 CAPRARO CARLO 0 134.463.380
0 11 CHIESA FRANCESCO 0 389.475.435
0 2.151 DE COSMO AMANDA 0 4.641.317.063
0 4 DRAGHI GIORGIO 0 313.171.612
0 1 GALLINGANI ALFEO 0 21.902.751
0 1 LI CALZI CLEO 0 94.985.136
0 1 PUGLISI GIOVANNI 0 92.162.769
0 27 ROSANIA ELMAN 0 329.072
0 1 SANTANGELO PAOLO 0 62.651.008
0 1 SINAGRA FAUSTO 0 811.550.000
0 29 UNGARI RICCARDO 0 74.938.286
0 4 VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) 0 19.775
1 5 WOLFGRING ALEXANDER 13.230 135.052.922
2 2.253 At opening of metting 17.368 8.340.528.535
Intervenuti/allontanatisi successivamente:
TOTAL: 8.340.545.903
2 2.253 Amendments to Articles of Association 17.368 8.340.528.535
Intervenuti/allontanatisi successivamente:
TOTAL: 8.340.545.903
2 2.253 Delegation to share capital increase €103,000,000 17.368 8.340.528.535
Intervenuti/allontanatisi successivamente:
TOTAL: 8.340.545.903
2 2.253 Delegation to share capital increase €34,000,000 17.368 8.340.528.535
TOTAL: 8.340.545.903

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
1 Proxy givers of AGRIMANO SALVATORE Badge no. 2109
Azioni
CARIMONTE HOLDING SPA 557.706.383
AVIVA LIFE 302.574
RICHIEDENTE:BORGHI GIANNI/FONDAZIONE CASSA DI RISPARMIO DI REGGIO EMILIA PIETRO 152.107.055
MANODORI
RICHIEDENTE:CAMMELLI MARCO/FONDAZIONE MONTE DI BOLOGNA E RAVENNA 1.244.348
RICHIEDENTE:LANDI ANDREA/FONDAZIONE CASSA DI RISPARMIO DI MODENA 19.135.552
AVIVA INSURANCE LIMITED 2.184.465
AVIVA ITALIA SPA 5.025
AVIVA OVERSEAS HOLDINGS LTD 81.996.570
__________
Number of proxies represented by badge: 8 814.681.972
2 Proxy givers of BOCCARDO SILVIO Badge no. 1469
Azioni
RICHIEDENTE:COMBA ANDREA/FONDAZIONE CASSA DI RISPARMIO DI TORINO 639.734.920
PERSEO SPA 52.719.751
di cui 40.774.720 azioni in prestito titoli con diritto di voto a favore del prestatore. Intestatario MEDIOBANCA S.P.A.
__________
Number of proxies represented by badge: 2 692.454.671
3 Proxy givers of CAMPANELLA TIZIANA Badge no. 1490
Azioni
RICHIEDENTE:BANCA SAI SPA/SIAT SPA - SOCIETA` ITALIANA DI ASSICURAZIONI E RIASSICURAZIONI 13.565
COMPAGNIA DI ASSICURAZIONE DI MILANO SPA 47.966.603
RICHIEDENTE:BANCA SAI SPA/FONDIARIA SAI SPA 13.257.888
RICHIEDENTE:BANCA SAI SPA/DIALOGO ASSICURAZIONI SPA 5.422
POPOLARE VITA S.P.A. 90.377
COMPAGNIA DI ASSICURAZIONE DI MILANO SPA 38.828
__________
Number of proxies represented by badge: 6 61.372.683
4 Proxy giver of CAPRARO CARLO Badge no. 1828
Azioni
RICHIEDENTE:DE POLI DINO/FONDAZIONE CASSAMARCA, CASSA DI RISPARMIO DELLA MARCA 134.463.380
TRIVIGIANA
di cui 9.775.596 in garanzia a UNICREDIT BANCA;
di cui 30.000.000 in garanzia a UNICREDIT BANCA
134.463.380
5 Proxy givers of CHIESA FRANCESCO Badge no. 878
Azioni
RB VITA S.P.A. 5.574.961
ALLIANZ SPA 229.993.844
ALLIANZ BELGIUM SA 591.194
ALLIANZ VIE 6.944.770
ALLIANZ VIE PREFON 698.474
ALLIANZ VIE ANCRE 1.189.976
ALLIANZ IARD 3.140.637
ARCALIS 394.325
GENERATION VIE 118.966
ALLIANZ FINANCE IV LUXEMBOURG SARL 140.460.565
ALLIANZ LIFE LUX S.A. 367.723
__________
Number of proxies represented by badge: 11 389.475.435
6 Proxy givers of DE COSMO AMANDA Badge no. 1027
Azioni
AGENTE:BROWN BROTHERS HARR/GMO ERISA POOL 10.268.839
MLC LIMITED 49.422
AGENTE:BROWN BROTHERS HARR/GMO FOREIGN FUND 9.095.923
AGENTE:NORTHERN TRUST -LO/TYNE AND WEAR PENSION FUND 1.555.473
AGENTE:STATE STREET BANK AND TRUST COMPANY/COMMON TRUST ITALY FUND 13.346.910
AGENTE:STATE STREET BANK AND TRUST COMPANY/JANUS OVERSEAS FUND 127.766.657
AGENTE:NORTHERN TRUST -LO/LOTHIAN PENSION FUND 2.078.596
AGENTE:NORTHERN TRUST -LO/FORD FOUNDATION 781.479
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA GLOBAL INDEX PLUS TRUST 297.691
AGENTE:MERRILL L.PIERCE FEN/MERRILL LYNCH PIERCE AND FEN 2.473.665
AGENTE:JP MORGAN CHASE BANK/THE CHASE MANHATTAN BANK 33.106
AGENTE:BNP PARIBAS 2S-PARIS/INVESCO ACTIONS EUROPE 1.386.002
FOREST FOUNDATION 2.461
pag. 1

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
HARRODS GROUP PENSION PLAN 144.950
AGENTE:STATE STREET BANK AND TRUST COMPANY/CITY OF TALLAHASSEE 279.596
AGENTE:JP MORGAN CHASE BANK/GOVERNMENT OF NORWAY 293.374.675
AGENTE:NORTHERN TRUST -LO/ANGLIAN WATER PENSION SCHEME 26.237
AGENTE:STATE STREET BANK AND TRUST COMPANY/ELFUN DIVERSIFIED FUND 280.774
AGENTE:HSBC BANK PLC/SAUDI ARABIAN MONETARY AGENCY 3.576.788
AGENTE:NORTHERN TRUST -LO/ANDREW W. MELLON FOUNDATION 49.945
AGENTE:STATE STREET BANK AND TRUST COMPANY/BRUNEI INVESTMENT AGENCY 3.152.428
AGENTE:JP MORGAN CHASE BANK/ROYAL SCOTTISH ASSURANCE PLC 109.928
AGENTE:NORTHERN TRUST -LO/LJR LIMITED PARTNERSHIP 402.604
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE OF ALASKA RETIREMENT AND BENEFITS 3.410.791
PLANS
AGENTE:JP MORGAN CHASE BANK/SAS TRUSTEE CORPORATION 1.865.900
AGENTE:NORTHERN TRUST -LO/STRATHCLYDE PENSION FUND 1.633.580
AGENTE:NORTHERN TRUST -LO/CLERICAL MEDICAL MANAGED FUNDS LTD 63.027
AGENTE:NORTHERN TRUST -LO/CITY OF FRESNO RETIREMENT SYSTEM 312.853
HOWARD HUGHES MEDICAL INSTITUTE 168.785
STANDARD CHARTERED PENSION FUND 773.982
AGENTE:STATE STREET BANK AND TRUST COMPANY/GENERAL ELECTRIC PENSION TRUST 29.411.515
REGENTS OF THE UNIVERSITY OF MICHIGAN 147.486
AGENTE:JP MORGAN CHASE BANK/FUNDACAO CALOUSTE GULBENKIAN 1.007.020
AGENTE:NORTHERN TRUST -LO/CALIFORNIA PHYSICIAN`S SERVICE 839.811
CATHOLIC UNITED INVESTMENT TRUST 1.408.456
AGENTE:STATE STREET BANK AND TRUST COMPANY/COLLEGE RETIREMENT EQUITIES FUND 19.170.238
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE PRUDENTIAL INSURANCE COMPANY OF 408.180
AMERICA
MERRILL LYNCH INTERNATIONAL 1.356.167
AGENTE:BROWN BROTHERS HARR/SCHWAB INTERNATIONAL INDEX FUND 3.071.213
ELECTRICITY SUPPLY PENSION SCHEME 829.835
AGENTE:NORTHERN TRUST -LO/HOSPITAL AUTHORITY PROVIDENT FUND S. 1.490.156
VICTORIAN WORKCOVER AUTHORITY 476.600
TRANSPORT ACCIDENT COMMISSION 316.200
CAISSE DES DEPOTS ET CONSIGNATIONS 9.670.767
AGENTE:NORTHERN TRUST -LO/ILLINOIS MUNICIPAL RETIREMENT FUND 881.700
AGENTE:STATE STREET BANK AND TRUST COMPANY/COSMOPOLITAN INVESTMENT FUND 10.081
AGENTE:JP MORGAN CHASE BANK/STICHTING SHELL PENSIOENFONDS 4.609.234
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSM HEALTH CARE PORTFOLIO MANAGEMENT 349.321
COMPANY
VICTORIAN SUPERANNUATION FUND 1.343.908
FAIRFAX COUNTY UNIFORMED RETIREMENT SYSTEM 126.360
AGENTE:STATE STREET BANK AND TRUST COMPANY/MASSACHUSETTS LABORERS PENSION FUND 114.133
AGENTE:JP MORGAN CHASE BANK/RETAIL EMPLOYEES SUPERANNUATION TRUST 752.926
AGENTE:STATE STREET BANK AND TRUST COMPANY/ENERGY INSURANCE MUTUAL LIMITED 214.122
RICHIEDENTE:CBNY S/A PRINCIPAL LIFE INSURANCE/PRINCIPAL LIFE INSURANCE COMPANY 4.519.768
AGENTE:BNP PARIBAS 2S-PARIS/BDF-FONDS E ACT. EUROP. 100.586
FCP ICARE 348.569
AGENTE:BNP PARIBAS 2S-PARIS/FCP BNP ACTION EUROPE 193.131
AGENTE:BNP PARIBAS 2S-PARIS/FCP BNP ACTIONS PEA EURO 3.609.624
AGENTE:STATE STREET BANK AND TRUST COMPANY/GENERAL CONFERENCE CORPORATION OF 19.619
SEVENTH DAY ADVENTISTS
AGENTE:STATE STREET BANK AND TRUST COMPANY/PENSION FUND OF SUMITOMO MITSUI BANKING 95.352
CORPORATION
AGENTE:STATE STREET BANK AND TRUST COMPANY/OREGON PUBLIC EMPLOYEES RETIREMENT 4.600.950
SYSTEM
AGENTE:JP MORGAN CHASE BANK/AXA UK GROUP PENSION SCHEME 855.945
AGENTE:JP MORGAN CHASE BANK/SCHRODER GLOBAL EQUITY FUND 668.468
AGENTE:JP MORGAN CHASE BANK/AXA IRELAND PENSION FUND 420.000
AGENTE:NORTHERN TRUST -LO/PFIZER INC.RETIREMENT ANNUITY PLAN 405.203
AGENTE:NORTHERN TRUST -LO/DAILY M&G TRUST SENIOR EXECUTIVES 60.994
AGENTE:NORTHERN TRUST -LO/TREDJE AP-FONDEN 7.998.655
AGENTE:NORTHERN TRUST -LO/STICHTING BEDRIJFSPENSIOENFONDS VOOR 1.226.896
IMPERIAL INTERNATIONAL EQUITY POOL 629.100
QUALITY EDUCATION FUND 35.536
AGENTE:STATE STREET BANK AND TRUST COMPANY/BP PENSION FUND 395.300
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 762.975
AGENTE:STATE STREET BANK AND TRUST COMPANY/CAISSE DE DEPOT ET PLACEMENT DU QUEBEC 29.072.481
AGENTE:JP MORGAN CHASE BANK/NEW YORK STATE COMMON RETIREMENT FUND 391.389
AGENTE:STATE STREET BANK AND TRUST COMPANY/MARYLAND STATE RETIREMENT & PENSION 3.941.115
SYSTEM
AGENTE:NORTHERN TRUST -LO/LEGAL AND GENERAL GLOBAL GROWTH TRUS 197.675
AGENTE:NORTHERN TRUST -LO/COMMON MONTHLY INTL EX-JAPAN EQUITY 207.969
AGENTE:NORTHERN TRUST -LO/STICHTING PENSIOENFONDS CSM NEDERL 31.212
AGENTE:NORTHERN TRUST -LO/UNIVERSITY OF ILLINOIS FOUNDATION 152.548
AGENTE:NORTHERN TRUST -LO/CENTRAL PROVIDENT FUND BOARD 220.385
pag. 2

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
AGENTE:NORTHERN TRUST -LO/SANFORD BERNSTEIN DBT INTERNATIONAL 554.005
AGENTE:NORTHERN TRUST -LO/SANFORD INTERNATIONAL VALUE SERIES 1.392.330
AGENTE:NORTHERN TRUST -LO/SANFORD MANAGED VALUE SERIES 838.225
AGENTE:NORTHERN TRUST -LO/SANFORD TAFT-HARTLEY VALUE SERIES 202.335
AGENTE:NORTHERN TRUST -LO/JAGUAR PENSION PLAN 216.000
AGENTE:JP MORGAN CHASE BANK/UBS GLOBAL ASSET MANAGEMENT LIFE LTD 2.569.277
AGENTE:STATE STREET BANK AND TRUST COMPANY/RUSSELL INTERNATIONAL SHARES FUND 2.020.400
AGENTE:STATE STREET BANK AND TRUST COMPANY/MOOG INC EMPLOYEES RETIREMENT PLAN 177.050
AGENTE:STATE STREET BANK AND TRUST COMPANY/ORANGE COUNTY EMPLOYEES RETIREMENT 252.224
SYSTEM
AGENTE:BNP PARIBAS 2S-PARIS/FCPE MASTERFOODS 156.323
AGENTE:BNP PARIBAS 2S-PARIS/FCPE GPE FORD FR.BNP DIV ND 68.216
AGENTE:BNP PARIBAS 2S-PARIS/FCP MEDERIC ACTION 922.001
DESERET MUTUAL MASTER RETIREMENT PLAN 342.925
AGENTE:JP MORGAN CHASE BANK/NORGES BANK 8.538.184
AGENTE:NORTHERN TRUST -LO/NORTHWESTERN UNIVERSITY 100.089
AGENTE:STATE STREET BANK AND TRUST COMPANY/EUROPE INDEX PLUS COMMON TRUST FUND 933.108
INVESTISSEMENT TRESOR VIE 225.039
AGENTE:NORTHERN TR GLB SERV/DIAGEO PENSION SCHEME 815.385
AGENTE:NORTHERN TRUST -LO/INTERNATIONAL EQUITY FUND 168.231
AGENTE:NORTHERN TRUST -LO/ANZ UK STAFF PENSION SCHEME 110.400
AGENTE:NORTHERN TRUST -LO/CORNWALL COUNTY COUNCIL PENSION FUND 267.495
AGENTE:NORTHERN TRUST -LO/THE HENRY SMITH CHARITY 429.925
AGENTE:NORTHERN TRUST -LO/FIFE COUNCIL PENSION FUND 681.370
AGENTE:NORTHERN TRUST -LO/LONDON BOROUGH HILLINGDON SUPER FD 159.195
AGENTE:NORTHERN TRUST -LO/NORTHUMBERLAND COUNTY COUNCIL FUND 84.585
AGENTE:NORTHERN TRUST -LO/STICHTING PENSIOENFONDS SAGITTARIUS 583.121
AGENTE:NORTHERN TRUST -LO/FIREMANS ANNUITY AND BENEFITS FUND O 152.699
AGENTE:NORTHERN TRUST -LO/FUNDO DE PENSOES 293.961
AGENTE:NORTHERN TRUST -LO/NORTHAMPTONSHIRE COUNTY COUNCIL PENSION FUND 368.730
TD INTERNATIONAL INDEX FUND 249.688
AGENTE:STATE STREET BANK AND TRUST COMPANY/HONG KONG HOUSING SOCIETY 385.304
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMERICAN HEART ASSOCIATION 167.454
AGENTE:STATE STREET BANK AND TRUST COMPANY/MANAGED PENSION FUNDS LIMITED 19.844.991
AGENTE:STATE STREET BANK AND TRUST COMPANY/STICHTING PHILIPS PENSIOENFONDS 2.291.390
AGENTE:STATE STREET BANK AND TRUST COMPANY/OHIO POLICE AND FIRE PENSION FUND 4.460.171
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA ITALY INDEX FUND 2.214.179
AGENTE:STATE STREET BANK AND TRUST COMPANY/TEACHER RETIREMENT SYSTEM OF TEXAS 498.039
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE STREET EUROPE ENHANCED 1.359.486
AGENTE:BNP PARIBAS 2S-PARIS/VRP 2 571.143
AGENTE:BNP PARIBAS 2S-PARIS/FCPE TOTAL 5000 880.456
AGENTE:BNP PARIBAS 2S-PARIS/ACTIONS SELECTIONNEES SICAV 23.852
AGENTE:BNP PARIBAS 2S-PARIS/SICAV AXA EUROPE ACTIONS 1.977.777
ABP ACTIONS 20.523.328
AGENTE:STATE STREET BANK AND TRUST COMPANY/PENSION FUND ASSOCIATION FOR LOCAL 786.692
GOVERNMENT OFFICIALS
AGENTE:JP MORGAN BANK IRELA/STRATEGIC INVESTMENT SERVICE 89.610
AGENTE:RBC DEXIA INVESTOR S/DEXIA EQUITIES L 1.636.786
AGENTE:JP MORGAN CHASE BANK/DALLAS POLICE AND FIRE PENSION SYSTEM 242.160
AGENTE:RBC DEXIA INVESTOR S/EAFE EQUITY INDEX FUND 311.856
AGENTE:STATE STREET BANK AND TRUST COMPANY/CONNECTICUT GENERAL LIFE INSURANCE 134.023
COMPANY
AGENTE:JP MORGAN CHASE BANK/CHURCH COMMISSIONERS FOR ENGLAND 407.850
AGENTE:RBC DEXIA INVESTOR S/CANADA LIFE LIMITED 1.136.292
AGENTE:JP MORGAN CHASE BANK/VANGUARD INTERNATIONAL SHARE INDEX FUND 4.110.717
AGENTE:NORTHERN TRUST -LO/SURREY COUNTY COUNCIL PENSION FUND 222.916
AGENTE:BNP PARIBAS 2S-PARIS/WITAN INVESTMENT TRUST PLC 446.126
BELL ATLANTIC MASTER TRUST 880.516
AGENTE:NORTHERN TRUST -LO/MONSANTO COMPANY MASTER TRUST 282.301
AGENTE:NORTHERN TRUST -LO/AVI CHAI FOUNDATION 51.300
RICHIEDENTE:CBNY S/A AGF GLOBAL VALUE FUND/AGF INTERNATIONAL VALUE FUND 4.310.768
AGENTE:STATE STREET BANK AND TRUST COMPANY/MARKS AND SPENCER PENSION SCHEME 127.131
AGENTE:JP MORGAN CHASE BANK/TEACHERS RETIREMENT SYSTEM OF OKLAHOMA 912.290
AGENTE:NORTHERN TRUST -LO/HIGHLAND COUNCIL PENSION FUND 876.950
AGENTE:NORTHERN TRUST -LO/PEPSICO MASTER RETIREMENT TRUST 857.851
AGENTE:NORTHERN TRUST -LO/HK MONETARY AUTHORITY 7.607.761
AGENTE:JP MORGAN CHASE BANK/SBC MASTER PENSION TRUST 3.789.380
AGENTE:NORTHERN TRUST -LO/NAV CANADA PENSION PLAN 435.500
AGENTE:NORTHERN TRUST -LO/INOVA HEALTH SYSTEM FOUNDATION 650.645
ALLSTATE INSURANCE COMPANY 1.285.290
AGENTE:STATE STREET BANK AND TRUST COMPANY/ONTARIO TEACHERS PENSION PLAN BOARD 3.130.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/ASIAN DEVELOPMENT BANK 165.681
AGENTE:STATE STREET BANK AND TRUST COMPANY/CAPITAL INTERNATIONAL - INTERNATIONAL 94.750
EQUITY
pag. 3

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
AGENTE:STATE STREET BANK AND TRUST COMPANY/HIRTLE CALLAGHAN TRUST INTERNATIONAL 2.756.250
EQUITY PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE REGENTS OF THE UNIVERSITY OF 10.771.932
CALIFORNIA
AGENTE:STATE STREET BANK AND TRUST COMPANY/ARIZONA STATE RETIREMENT SYSTEM 91.177
AGENTE:NORTHERN TRUST -LO/STICHTING INSTITUUT GAK 85.325
PEARSON GROUP PENSION PLAN 121.977
AGENTE:NORTHERN TRUST -LO/CROW PUBLIC SECURITIES LP 59.835
AGENTE:NORTHERN TRUST -LO/ACCIDENT COMPENSATION CORPORATION 249.108
AGENTE:NORTHERN TRUST -LO/STATE UNIVERSITIES RETIREMENT SYSTEM 441.195
AGENTE:NORTHERN TRUST -LO/ELI LILLY RETIREMENT PLAN MASTER 445.474
AGENTE:NORTHERN TRUST -LO/PUBLIC SCHOOL TEACHERS PNS & RET.FND 57.971
AGENTE:STATE STREET BANK AND TRUST COMPANY/IAM NATIONAL PENSION FUND 465.167
AGENTE:NORTHERN TRUST -LO/AMERICAN HONDA MOTOR CO RETIREMENT 536.390
AGENTE:NORTHERN TRUST -LO/PHELPS DODGE CORPORATION RETIRE.PLAN 286.920
DT INTERNATIONAL STOCK INDEX FUND 1.515.960
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE J PAUL GETTY TRUST 414.221
AGENTE:BNP PARIBAS 2S-PARIS/FCP FEDERIS EUROPE ACTIONS 677.000
AGENTE:BNP PARIBAS 2S-PARIS/AIM CRISTAL FCP 48.702
AGENTE:RBC DEXIA INVESTOR S/GPB/G-RBC CONTINENTAL EUROPEAN 129.036
AGENTE:BROWN BROTHERS HARR/SDA INTERNATIONAL EQUITY INDEX FUND 226.936
AGENTE:NORTHERN TRUST -LO/LEGAL&GENERAL EUROPEAN INDEX TRUST 10.591.357
AGENTE:NORTHERN TRUST -LO/NORTHERN TRUST UNIT TRUST 3.032.777
AGENTE:NORTHERN TRUST -LO/HONG KONG SPECIAL ADMIN EXCHANGE FD 1.841.727
AGENTE:BNP PARIBAS 2S-PARIS/AXA IM COUPOLE 162.644
AGENTE:NORTHERN TRUST -LO/NORTHERN TRUST QUANTITATIVE FUND PLC 633.466
AGENTE:BNP PARIBAS 2S-PARIS/FCP FEDERIS IRC ACTIONS 916.619
AGENTE:BNP PARIBAS 2S-PARIS/FCP FCE PLACT EURO BIS 3.977.498
AGENTE:BNP PARIBAS 2S-PARIS/FCP FCE INVEST EURO 2.996.831
AGENTE:NORTHERN TRUST -LO/HSBC MM INTL VAUE EQUITY FUND 173.400
AGENTE:RBC DEXIA INVESTOR S/UNIVERSE THE CMI GLOBAL NETWORK FUND 7.772.316
AGENTE:RBC DEXIA INVESTOR S/BRITISH COLUMBIA INV.MAN.CORPORATION 11.672.283
AGENTE:BROWN BROTHERS HA-LU/WELLINGTON MANAGEMENT PORTFOLIOS 23.498
AGENTE:BNP PARIBAS 2S-PARIS/FCP COEFFICIENCE 560.067
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE TEACHERS RETIREMENT SYSTEM OF OHIO 10.725.730
UNISUPER 1.072.979
AGENTE:STATE STREET BANK AND TRUST COMPANY/MERSEYSIDE PENSION FUND 2.284.665
CENTRICA COMBINED COMMON INVESTMENT FUND 1.043.020
AGENTE:STATE STREET BANK AND TRUST COMPANY/SCOTTISH WIDOWS PLC 8.921.742
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHNSON & JOHNSON UK GROUP RETIREMENT 133.454
PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/NOTTINGHAMSHIRE COUNTY COUNCIL PENSION 888.181
FUND
AGENTE:BNP PARIBAS 2S-PARIS/FCP BNP PARIBAS INDICE EURO 1.758.457
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE STREET SRI WORLD INDEX 250.292
AGENTE:STATE STREET BANK AND TRUST COMPANY/BECHTEL TRUST AND THRIFT PLAN BECON TRUST 948.790
AND THRIFT PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/BAE MASTER PENSION INVESTMENT TRUST 2.067.603
AGENTE:BNP PARIBAS 2S-PARIS/FCP PRADO VAUBAN DIVERSIFIE 102.774
AGENTE:JP MORGAN CHASE BANK/EUROPACIFIC GROWTH FUND 68.427.598
AGENTE:RBC DEXIA INVESTOR S/SPRUCEGROVE INTL POOLED FUND 15.192.505
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK TRUST INTERNATIONAL EQUITY 300.357
INDEX TRUST B
AGENTE:STATE STREET BANK AND TRUST COMPANY/CITY OF SAN JOSE POLICE & FIRE DEPARTMENT 238.930
RETIREMENT PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/LONZA AMERICA INC MASTER RETIREMENT 47.955
TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/HEALTHCARE FOUNDATION OF NEW JERSEY (THE) 52.077
AGENTE:NORTHERN TRUST -LO/CADBURY SCHWEPPES PLC PENSION TRUST LTD 180.628
AGENTE:STATE STREET BANK AND TRUST COMPANY/DGAM EAFE EQUITY FUND L.P. 231.100
AGENTE:STATE STREET BANK AND TRUST COMPANY/MD INTERNATIONAL VALUE FUND 621.937
UNISYS MASTER TRUST 846.716
AGENTE:JP MORGAN BANK LUXEM/CAPITAL INTERNATIONAL FUND 175.863
CITY OF NEW YORK GROUP TRUST 7.066.518
AGENTE:NORTHERN TRUST -LO/BELLSOUTH CORP EXECUTIVE BENEFIT 99.300
AGENTE:NORTHERN TRUST -LO/CHURCH OF ENGLAND INV FD FOR PENSION 506.098
AGENTE:NORTHERN TRUST -LO/NORTHERN INTL EQUITY INDEX FUND 1.933.258
AGENTE:NORTHERN TRUST -LO/A I DUPONT TESTAMENTARY TRUST 511.990
AGENTE:NORTHERN TRUST -LO/MEADWESTACO CORP MASTER RETIREMENT 487.948
AGENTE:NORTHERN TRUST -LO/ASPEN FAMILY PARTNERSHIP L.P. 8.800
CF INTERNATIONAL STOCK INDEX FUND 875.124
AGENTE:BROWN BROTHERS HARR/VANGUARD EUROPEAN STOCK INDEX FUND 14.626.041
AGENTE:BROWN BROTHERS HARR/VANGUARD TAX-MANAGED INTERNATIONAL FUND 9.891.783
AGENTE:RBC DEXIA INVESTOR S/EMPIRE LIFE INSURANCE COMPANY 514.700
pag. 4

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE HEALTH FOUNDATION 461.569
AGENTE:STATE STREET BANK AND TRUST COMPANY/UNIVERSAL INVESTMENT FUNDS 440.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/ELFUN INTERNATIONAL EQUITY FUND 1.838.869
AGENTE:BNP PARIBAS 2S-PARIS/FCP FEDERIS EURO ACTIONS 2.270.000
AGENTE:BNP PARIBAS 2S-PARIS/FCP FEDERIS ACT QUATREM 650.000
AGENTE:BNP PARIBAS 2S-PARIS/FCPE FDS DIVERSIF.TEL 1 45.553
SAN DIEGO MUSEUM OF ART 5.900
BUENA VISTA UNIVERSITY 79.055
AGENTE:JP MORGAN CHASE BANK/TEMPLETON INTERNATIONAL FOREIGN FUND 3.085.157
AGENTE:JP MORGAN CHASE BANK/TEMPLETON GLOBAL GROWTH FUND LIMITED 670.200
AGENTE:JP MORGAN CHASE BANK/TEMPLETON GLOBAL EQUITY TRUST 3.887.135
AGENTE:JP MORGAN CHASE BANK/BISSETT INTERNATIONAL EQUITY FUND 1.311.675
AGENTE:JP MORGAN CHASE BANK/TEMPLETON INTERNATIONAL EQUITY TRUST 1.550.761
AGENTE:JP MORGAN CHASE BANK/TEMPLETON EUROPE FUND 137.997
AGENTE:JP MORGAN CHASE BANK/TEMPLETON FOREIGN FUND 29.144.840
AGENTE:JP MORGAN CHASE BANK/TEMPLETON GROWTH FUND INC. 47.185.391
MINISTRY OF DEFENCE PENSION FUND 172.361
AGENTE:HSBC BANK PLC/NUCLEAR LIABILITIES FUND LIMITED 470.364
RICHIEDENTE:CBHK S/A CBOSC OSF WGSS02/COMMONWEALTH BANK OFFICERS SUPERANNUATION 258.122
CORPORATION PTY LTD
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK FUNDS II INTERNATIONAL 388.959
EQUITY INDEX FUND
WESTON FOODS INC. MASTER TRUST FUND 75.479
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE OF MINNESOTA 686.971
AGENTE:BQUE FEDERATIVE-STR/SOCIAL ACTIVE ACTIONS 48.291
AGENTE:BQUE FEDERATIVE-STR/FCP SCORE GALIEN 35.489
AGENTE:BQUE FEDERATIVE-STR/FCP GESTION PLACEMENT 1 24.569
AGENTE:BQUE FEDERATIVE-STR/SOCIAL ACTIVE DIVERSIFIE 16.573
AGENTE:BQUE FEDERATIVE-STR/CM VALEURS ETHIQUES 139.887
AGENTE:BQUE FEDERATIVE-STR/FCP GUTENBERG 21.151
AGENTE:BQUE FEDERATIVE-STR/FCP SCORE BON SECOURS 25.300
AGENTE:BQUE FEDERATIVE-STR/FCP UNI 1 149.571
AGENTE:NORTHERN TRUST -LO/COCA-COLA MASTER RETIREMENT TRUST 393.418
MASTHOLM INTERNATIONAL EQUITY TRUST 1.278.500
AGENTE:NORTHERN TRUST -LO/RELIANT ENERGY INC. MASTER RETIREMENT TST. 274.953
AGENTE:RBC DEXIA INVESTOR S/MANULIFE INTERNATIONAL EQUITY FUND 315.226
AGENTE:STATE STREET BANK AND TRUST COMPANY/SONOMA COUNTY EMPLOYEES RETIREMENT 507.323
ASSOCIATION
AGENTE:STATE STREET BANK AND TRUST COMPANY/CUMBRIA LOCAL GOVERNMENT PENSION SCHEME 693.350
AGENTE:STATE STREET BANK AND TRUST COMPANY/LONDON BOROUGH OF TOWER HAMLETS 787.081
PENSION FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE WEIR GROUP PENSION AND RETIREMENT 379.827
SAVINGS SCHEME
AGENTE:STATE STREET BANK AND TRUST COMPANY/XEROX CANADA EMPLOYEES RETIREMENT PLAN 72.900
RICHIEDENTE:CBLDN S/A PFMT/STICHTING PENSIOENFONDS METAAL EN TECHNIEK 1.923.286
AGENTE:JP MORGAN CHASE BANK/SPRUCEGROVE GROUP TRUST 5.504.601
RICHIEDENTE:CBHK S/A CITITST LTD TMP MPF EEF/CITITRUST LTD 415.935
TEMPLETON GLOBAL INCOME FUND 320.519
CAAM INDEX EUROPE 635.684
AGENTE:HSBC BANK PLC/HSBC EUROPEAN INDEX FUND 826.684
AGENTE:JP MORGAN CHASE BANK/THE SPRUCEGROVE DELAWARE TRUST 933.986
AGENTE:JP MORGAN CHASE BANK/TEMPLETON GLOBAL OPPORTUNITIES TRUST 2.709.888
AGENTE:JP MORGAN CHASE BANK/MUNICIPAL GRATUITY FUND 47.423
AGENTE:JP MORGAN CHASE BANK/DENVER EMPLOYEES RETIREMENT PLAN 267.228
AGENTE:STATE STREET BANK AND TRUST COMPANY/MD EQUITY FUND 1.092.240
AGENTE:BQUE FEDERATIVE-STR/AREGE 122.000
AGENTE:BQUE FEDERATIVE-STR/SCORE SAINT NICOLAS 43.350
AGENTE:BQUE FEDERATIVE-STR/ARPEGE PREVOYANCE 278.000
THE DEARBORN PARTNERS GROUP TRUST 279.202
AGENTE:BQUE FEDERATIVE-STR/FCP CAPSUGEL 21.753
AGENTE:BQUE FEDERATIVE-STR/FCP NORDON INDUSTRIES 12.075
AGENTE:STATE STREET BANK AND TRUST COMPANY/IBM SAVINGS PLAN 2.215.354
AGENTE:STATE STREET BANK AND TRUST COMPANY/SCOTTISH WIDOWS UNIT FUNDS LIMITED 3.089.240
AGENTE:NORTHERN TRUST -LO/NORTHERN TRUST MANAGED FUNDS 908.674
AGENTE:NORTHERN TRUST -LO/THE NUFIELD FOUNDATION 26.471
AGENTE:NORTHERN TRUST -LO/BLUE CROSS & SHIELD ASS RET BEN TST 176.672
AGENTE:NORTHERN TRUST -LO/NATIONAL RAILROAD INVESTMENT TRUST 47.798
AGENTE:NORTHERN TRUST -LO/HENRY J KAISER FAMILY FOUNDATION 16.310
AGENTE:NORTHERN TRUST -LO/TEXAS MUTUAL INSURANCE COMPANY 1.193.311
AGENTE:NORTHERN TRUST -LO/FORD OF CANADA MASTER TRUST FUND 330.418
AGENTE:NORTHERN TRUST -LO/MONDRIAN GLOBAL EQUITY FUND L.P. 505.011
DELAWARE INTERNATIONAL EQUITY FUND 217.346
AGENTE:NORTHERN TRUST -LO/DMC INSURANCE CO LTD 31.041
AGENTE:NORTHERN TR GLB SERV/STICHTING PENSIOENFONDS CAMPINA 447.793
pag. 5

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
AGENTE:NORTHERN TRUST -LO/BRADLEY JR. TRUSTS MASTER INVESTMENT 279.826
AGENTE:NORTHERN TRUST -LO/JANE BRADLEY UIHLEIN INVESTMENT LLP 526.537
AGENTE:BNP PARIBAS 2S-PARIS/LABEL EUROPE ACTIONS FCP 307.000
AGENTE:LOMBARD ODIER DAR.&C/LOMBARD ODIER DARIER HFM SA INSTITUTIONNEL-3D 548.183
AGENTE:NORTHERN TRUST -LO/WORLD HEALTH ORGANISATION 432.136
AGENTE:NORTHERN TR GLB SERV/FJARDE AP-FONDEN 1.800.511
AGENTE:BROWN BROTHERS HARR/VANGUARD INTERNATIONAL VALUE FUND 10.163.750
RICHIEDENTE:CBNY S/A AGF WORLD BALANCED FUND/AGF WORLD BALANCED FUND 969.000
IMPERIAL OVERSEAS EQUITY POOL 103.200
CIBC PENSION PLAN 542.700
DUQUESNE LIGHT COMPANY MASTER TRUST 285.552
AGENTE:NORTHERN TRUST -LO/BRANDES INVEST PARTNERS LP 401K 12.984
AGENTE:NORTHERN TRUST -LO/THE CLESS CAPITAL TRUST 3.476
AGENTE:NORTHERN TRUST -LO/CARLETON UNIVERSITY RETIREMENT FUND 329.500
AGENTE:NORTHERN TRUST -LO/WILLIAM DOHENY GRANDCHILDERN TRUST 8.702
AGENTE:NORTHERN TRUST -LO/ILLINOIS CONSOLIDATED TELEPHONE TST 19.808
AGENTE:NORTHERN TRUST -LO/JEWISH COMMUNITY FED SAN FRANCISCO 15.870
AGENTE:NORTHERN TRUST -LO/THE JENNIFER U.CLESS CHILDS TRUST 4.830
AGENTE:NORTHERN TRUST -LO/THE MARTIN CLESS CHILD UAD 4/23/90 4.499
AGENTE:NORTHERN TRUST -LO/ML LAWRENCE TRUST 7.600
AGENTE:NORTHERN TRUST -LO/PEOPLES ENERGY RETIREMENT PLAN 134.100
AGENTE:NORTHERN TRUST -LO/NICKEL 2005 TRUST NO.1 118.754
AGENTE:NORTHERN TRUST -LO/EMERSON ELECTRIC CO. MASTER RETIREM. 408.150
AGENTE:NORTHERN TRUST -LO/ITT INDUSTRIES MASTER RETIR.TST 142.015
AGENTE:NORTHERN TRUST -LO/QM COMMON DAILY WORLD INDEX FUND 470.646
AGENTE:NORTHERN TRUST -LO/BLUE SKY GROUP 5.137.397
AGENTE:NORTHERN TRUST -LO/MICROSOFT GLOBAL FINANCE LIMITED 610.933
AGENTE:NORTHERN TRUST -LO/BRANDES INL`T EQUITY FUND 61.099
AGENTE:NORTHERN TRUST -LO/PERSONALVORSO DER PFIZER AG 42.530
AGENTE:NORTHERN TRUST -LO/ATD FAMILY LTD PARTNERSHIP DTD 1.860
AGENTE:NORTHERN TRUST -LO/AXIOM GLOBAL EQUITY TRUST 2.421.735
AGENTE:NORTHERN TRUST -LO/FOURTH AVENUE INVESTMENT COMPANY 169.524
AGENTE:NORTHERN TRUST -LO/LCL FAMILY LIMITED PARTNERSHIP 1.288
AGENTE:NORTHERN TRUST -LO/SANFORD BERNSTEIN DELAWARE BUSINESS 7.279.435
AGENTE:NORTHERN TRUST -LO/SANFORD C BERNSTEIN & CO DELAWARE TS 528.720
AGENTE:NORTHERN TRUST -LO/SENTINEL INTERNATIONAL FUND 15.581
AGENTE:NORTHERN TRUST -LO/THOMPSON & MURFF 21.347
AGENTE:NORTHERN TRUST -LO/WHD FAMILY LIMITED PARTNERSHIP 8.193
AGENTE:STATE STREET BANK AND TRUST COMPANY/MML FOREIGN FUND 1.062.833
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE UCI FOUNDATION 16.656
AGENTE:STATE STREET BANK AND TRUST COMPANY/UNITED UTILITIES PENSION SCHEME 328.151
RICHIEDENTE:CITIBANK NA HONG KONG SA NPS DM-EQ MSCI WDM/NATIONAL PENSION SERVICE 4.751.066
AGENTE:STATE STREET BANK AND TRUST COMPANY/AXA ROSENBERG EQUITY ALPHA TRUST 120.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/REED ELSEVIER US RETIREMENT PLAN 139.916
PRINCIPAL GLOBAL INVESTORS FUNDS 313.422
AGENTE:STATE STREET BANK AND TRUST COMPANY/WESTPAC STAFF SUPERANNUATION PLAN 101.013
AGENTE:STATE STREET BANK AND TRUST COMPANY/WESTPAC INTERNATIONAL SHARE INDEX TRUST 930.991
AGENTE:STATE STREET BANK AND TRUST COMPANY/UNIVERSITY OF TORONTO MASTER TRUST 226.600
AGENTE:BNP PARIBAS 2S-PARIS/CARDIF ASSURANCE VIE 5.000.000
AGENTE:BNP PARIBAS 2S-PARIS/FCPE BMS ACTIONS 114.265
AGENTE:BNP PARIBAS 2S-PARIS/FCPE KONE INVESTISSEMENT 86.334
AGENTE:BNP PARIBAS 2S-PARIS/FEDERIS EPARGNE EQUILIBREE 222.365
AGENTE:BNP PARIBAS 2S-PARIS/FCPE SAUR EPARGNE 193.298
AGENTE:BNP PARIBAS 2S-PARIS/CMD AGIRC DIV 3 1.600.000
AGENTE:BNP PARIBAS 2S-PARIS/FCP CNP ACTIONS EM 557.997
AGENTE:BNP PARIBAS 2S-PARIS/FCP AXA EURO VAL.RESP. 1.769.500
AGENTE:BPSS -FRANKFURT/INVESCO ZVEI FONDS 175.153
EQUIPSUPER 636.541
VALERO ENERGY CORPORATION PENSION PLAN 84.711
EMERGENCY SERVICES SUPERANNUATION SCHEME 516.600
MANAGERS INTERNATIONAL EQUITY FUND 215.275
SBSA AS TRUSTEE FOR SANLAM GLOBAL TRUST 181.900
AGENTE:JP MORGAN CHASE BANK/QANTAS SUPERANNUATION PLAN 180.545
ING TEMPLETON FOREIGN EQUITY PORTFOLIO 2.723.178
ROCKFORD HEALTH SYSTEM PENSION PLAN 6.739
ROCKFORD HEALTH SYSTEM MASTER TRUST 41.372
AGENTE:JP MORGAN CHASE BANK/RBS INVESTMENT FUNDS ICVC BALANCED FUND 161.541
AGENTE:NORTHERN TRUST -LO/WANDSWORTH BOROUGH COUNCIL PENSION FUND 579.652
PREVIPOSTE 1.377.969
STICHTING BEDRIJFSTAKPENSIOENFONDS VOOR DE MEDIA PNO 301.100
STICHTING PENSIOENFONDS ELSEVIER 56.005
AGENTE:JP MORGAN CHASE BANK/BAYLOR COLLEGE OF MEDICINE 38.182
AGENTE:JP MORGAN CHASE BANK/NATIONWIDE INTERNATIONAL INDEX FUND 1.967.249
AGENTE:JP MORGAN CHASE BANK/STICHTING PENSIOENFONDS MEDISCHE SPECIALISTEN 239.097
pag. 6

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
AGENTE:JP MORGAN CHASE BANK/JPMORGAN INTERNATIONAL EQUITY INDEX FUND 2.176.583
PREPAR CROISSANCE 222.439
AGENTE:NORTHERN TRUST -LO/NEW ZEALAND SUPERANNUATION FUND 500.854
CAAM DYNALION EUROPE (CA) - L025 387.434
RICHIEDENTE:CBNY S/A RBC PRIVATE COUNSEL/RBS AS DEP OF FIRST STATE INVESTMENTS ICVC 26.845
AGENTE:JP MORGAN CHASE BANK/TEMPLETON GROWTH FUND II LIMITED 78.044
AGENTE:JP MORGAN BANK LUXEM/JPMORGAN LIFE LIMITED 312.839
AGENTE:JP MORGAN CHASE BANK/JPMORGAN INSURANCE TRUST INTERNATIONAL EQUITY PORTFOLIO 63.199
RICHIEDENTE:CBNY S/A AGF EURO EQUITY FUND/AGF FUNDS INC 229.800
STATE OF WISCONSIN INVESTMENT BOARD 1.945.701
IPROFILE INTERNATIONAL EQUITY POOL 81.703
AGENTE:BQUE FEDERATIVE-STR/FCP HOWMET DIVERSIFIE 4.350
AGENTE:BQUE FEDERATIVE-STR/1495 FCP CONTINENTAL 11.800
AGENTE:RBC DEXIA INVESTOR S/GENERAL MOTORS CANADA FOREIGN TRUST 337.980
AGENTE:RBC DEXIA INVESTOR S/CITY OF WINNIPEG CIV EMPL PENS PLAN 785.799
AGENTE:RBC DEXIA INVESTOR S/RBC CANADIAN MASTER TRUST 322.999
AGENTE:RBC DEXIA INVESTOR S/THE PROV TREAS OF P PRINCE EDW ISL 376.489
AGENTE:RBC DEXIA INVESTOR S/MAPLE BROWN ABBOTT INTL EQUITY TRUST 123.662
AGENTE:BQUE FEDERATIVE-STR/FREESCALE DYNAMIQUE 19.375
AGENTE:BNP PARIBAS 2S-PARIS/FCP AG2R EURO ACTIONES 5.850.003
AGENTE:BP2S LUXEMBOURG/PARVEST 24.050.970
AGENTE:BNP PARIBAS 2S-PARIS/FCP AXA EUROPE DU SUD 463.228
AGENTE:NORTHERN TRUST -LO/THE NEW YORK TIMES CO. PENSION TRUST 136.417
AGENTE:BROWN BROTHERS HARR/GMO FUNDS PLC 529.220
AGENTE:NORTHERN TRUST -LO/RABBI TST FOR LADD FURNITURE INC 3.815
AGENTE:BNP PARIBAS 2S-PARIS/FCP GUENEGAUD REVENUS 67.987
AGENTE:BNP PARIBAS 2S-PARIS/FCPE DIVERSIMONDE 48.565
AGENTE:NORTHERN TRUST -LO/UNITED NATIONS RELIEF AND WORKS FOR PALESTINIAN REFUGEES IN 57.936
THE NEAR EAST
AGENTE:NORTHERN TRUST -LO/FULTON INVESTMENT TRUST 229.100
AGENTE:NORTHERN TRUST -LO/FORD MOTOR COMPANY DEFINED BENEFIT 744.595
AGENTE:NORTHERN TRUST -LO/LOCKHEED MARTIN CORP MASTER TRUST 1.924.964
AGENTE:NORTHERN TRUST -LO/REFORM PENSION ROAD 47.614
AGENTE:NORTHERN TRUST -LO/SAN FRANCISCO CITY & COUN.RET.SYSTEM 1.230.163
AGENTE:NORTHERN TRUST -LO/INTL TRUCK ENGINE CORP RETIREMENT 348.632
AGENTE:NORTHERN TRUST -LO/CUMMINS ENGINE CO & AFFILIATES COLLECTIVE INVESTMENT TRUST 140.682
AGENTE:NORTHERN TRUST -LO/HONEYWELL INT INC MASTER RETIR TRUST 1.055.163
AGENTE:NORTHERN TRUST -LO/POLICEMANS ANNUITY & BENEFIT F.OF CH 289.586
AGENTE:NORTHERN TRUST -LO/DELAWARE PUBLIC EMPLOYEES` RETIREMEN 975.100
AGENTE:NORTHERN TRUST -LO/LA-Z-BOY INC MASTER RETIRE SAVING 45.546
AGENTE:BP2S SINGAPORE/OPTIMIX WHOLESALE GLOBAL SHARE TRUST 257.662
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE JOHNS HOPKINS UNIVERSITY 304.761
AGENTE:STATE STREET BANK AND TRUST COMPANY/CELANESE AMERICAS RETIREMENT PENSION 471.009
PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/P.H. GLATFELTER COMPANY MASTER 61.688
RETIREMENT TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/HARBOR CAPITAL GROUP TRUST FOR DEFINED 259.390
BENEFIT PLANS
AGENTE:STATE STREET BANK AND TRUST COMPANY/ARKWRIGHT, LLC 59.123
AGENTE:STATE STREET BANK AND TRUST COMPANY/ROBERT L MCNEIL COMPLEX TRUST 113.556
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE CIVIL SERVICE SUPERANNUATION FUND 168.105
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE MOTOROLA PENSION SCHEME 336.342
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK TRUST INTERNATIONAL CORE 829.585
TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK TRUST INTERNATIONAL EQUITY 284.712
INDEX TRUST A
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK TRUST GLOBAL TRUST 1.931.787
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK FUNDS III INTERNATIONAL CORE 1.756.898
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK FUNDS II INTERNATIONAL 5.999.554
VALUE FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/EQUITY INTERNATIONAL INVESTMENT TRUSTS 2.428.714
AGENTE:STATE STREET BANK AND TRUST COMPANY/BRUNSWICK UNIT 1 QUALIFIED NUCLEAR 34.297
DECOMMISSIONING FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/HARRIS UNIT 1 QUALIFIED NUCLEAR 26.044
DECOMMISSIONING FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/BRUNSWICK UNIT 2 QUALIFIED NUCLEAR 35.323
DECOMMISSIONING FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/ROBINSON UNIT 2 QUALIFIED NUCLEAR 47.475
DECOMMISSIONING FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/SAN DIEGO CITY EMPLOYEES` RETIREMENT 385.760
SYSTEM
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMERICAN BEACON INTERNATIONAL EQUITY 1.477.593
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/CANADIAN BROADCASTING CORPORATION 758.390
pag. 7

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
PENSION PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/GENERAL ELECTRIC INSURANCE PLAN TRUST 906.497
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALAMEDA COUNTY EMPLOYEES` RETIREMENT 1.570.059
ASSOCIATION
AGENTE:STATE STREET BANK AND TRUST COMPANY/MITCHELLS AND BUTLERS CIF LIMITED 300.175
AGENTE:STATE STREET BANK AND TRUST COMPANY/INSURANCE CORPORATION OF BRITISH 345.989
COLUMBIA
AGENTE:JP MORGAN CHASE BANK/AMONIS NV 234.059
AGENTE:STATE STREET BANK AND TRUST COMPANY/SPDR MSCI ACWI EX-US ETF 160.575
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHNSON & JOHNSON PENSION & SAVINGS PLANS 1.496.493
MASTER TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/SUNAMERICA SERIES TRUST FOREIGN VALUE 2.842.964
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/SEASONS SERIES TRUST INTERNATIONAL EQUITY 459.070
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/CONSOLIDATED EDISON RETIREMENT PLAN 1.410.559
AGENTE:STATE STREET BANK AND TRUST COMPANY/MONTANA BOARD OF INVESTMENTS 416.895
AGENTE:STATE STREET BANK AND TRUST COMPANY/JANUS ADVISER INTERNATIONAL EQUITY FUND 814.063
AGENTE:STATE STREET BANK AND TRUST COMPANY/TAM INTERNATIONAL EQUITY TRUST 132.037
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA INTERNATIONAL EQUITIES INDEX TRUST 242.148
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA WEALTH WEIGHTED GLOBAL EQUITIES 145.699
INDEX TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/OMERS ADMINISTRATION CORPORATION 530.259
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA MSCI EAFE INDEX FUND 378.954
AGENTE:STATE STREET BANK AND TRUST COMPANY/STREETTRACKS MSCI EUROPE ETF 941.578
AGENTE:STATE STREET BANK AND TRUST COMPANY/BAERUM KOMMUNE 110.168
AGENTE:STATE STREET BANK AND TRUST COMPANY/AARGAUISCHE PENSIONSKASSE 295.597
BELLSOUTH CORPORATION RFA VEBA TRUST 297.139
AGENTE:STATE STREET BANK AND TRUST COMPANY/UNIVERSITY OF MANCHESTER 293.802
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE STREET TRUSTEES LIMITED ATF SWIP 1.284.690
CAPITAL TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/PRUDENTIAL RETIREMENT INSURANCE & 583.541
ANNUITY COMPANY
AGENTE:STATE STREET BANK AND TRUST COMPANY/HAMILTON HEALTHCARE SYSTEM INC 130.397
AGENTE:STATE STREET BANK AND TRUST COMPANY/GE INVESTMENT INTERNATIONAL FUND 1.331.888
AGENTE:STATE STREET BANK AND TRUST COMPANY/GE INSTITUTIONAL FUNDS-INTERNATIONAL 17.217.141
EQUITY FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/GE INSTITUTIONAL FUNDS-STRATEGIC 875.195
INVESTMENT FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/GE INVESTMENTS FUNDS, INC. - INTERNATIONAL 86.001
EQUITY FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/GE INVESTMENTS FUNDS, INC. - TOTAL RETURN 3.687.568
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/GLOBAL ADVANTAGE FUNDS - MAJOR MARKETS 3.124.943
TEILFONDS
AGENTE:JP MORGAN CHASE BANK/NATIONAL WESTMINSTER LIFE ASSURANCE LTD 305.721
SEMPRA ENERGY PENSION MASTER TRUST 465.818
IG TEMPLETON INTERNATIONAL EQUITY FD 833.119
AGENTE:RBC DEXIA INVESTOR S/LONDON LIFE INSURANCE COMPANY 546.772
AGENTE:BNP PARIBAS 2S-PARIS/MONT JOIE INVESTISSEMENTS 46.622
AGENTE:NORTHERN TRUST -LO/THE TAYSIDE SUPERANNUATION FUND 1.524.210
AGENTE:NORTHERN TRUST -LO/WHEELS COMMON INVESTMENT FUND 152.705
AGENTE:NORTHERN TRUST -LO/POTOMAC ELECTRIC POWER COMPANY 606.768
AGENTE:NORTHERN TRUST -LO/SANDIA CORPORATION PENSIONS PLANS 163.036
AGENTE:NORTHERN TRUST -LO/VOLVO PERSONVAGNARS PENSIONSSTIFTELS 38.290
AGENTE:JP MORGAN CHASE BANK/H.E.S.T. AUSTRALIA LIMITED 2.039.347
RICHIEDENTE:CBNY S/A AGF ALL WORLD TAX ADV GR/ALL WORLD TAX ADVANTAGE GROUP LIMITED 10.342.386
RICHIEDENTE:CBNY S/A AGF ALL WORLD TAX ADV GR/AGF ALL WORLD TAX ADVANTAGE GROUP 9.639.000
LIMITED
METROPOLE BO EUROPE 600.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK TRUST INTERNATIONAL VALUE 4.969.690
TRUST
AGENTE:JP MORGAN CHASE BANK/BOTSWANA INSURANCE FUND MANAGEMENT LIMITED 599.250
AGENTE:RBC DEXIA INVESTOR S/AIC GLOBAL FINANCIAL SPLIT CORP 55.000
AGENTE:RBC DEXIA INVESTOR S/GLOBAL BANKS PREMIUM INCOME TRUST 100.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/REGIME DE RENTES DU MOUVEMENT DESJARDINS 1.169.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/ILLINOIS STATE BOARD OF INVESTMENT 3.072.553
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE OF CONNECTICUT RETIREMENT PLANS & 192.405
TRUST FUNDS
AGENTE:STATE STREET BANK AND TRUST COMPANY/HONG KONG HOUSING AUTHORITY 137.939
AGENTE:STATE STREET BANK AND TRUST COMPANY/CALIFORNIA PUBLIC EMPLOYEES RETIREMENT 56.300.152
SYSTEM
AGENTE:STATE STREET BANK AND TRUST COMPANY/CALIFORNIA STATE TEACHERS RETIREMENT 12.303.519
SYSTEM
AGENTE:STATE STREET BANK AND TRUST COMPANY/BILL AND MELINDA GATES FOUNDATION TRUST 296.797
pag. 8

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
AGENTE:STATE STREET BANK AND TRUST COMPANY/GE INVESTMENT CANADA INTERNATIONAL 2.000.828
EQUITY FUND
RICHIEDENTE:CITIBANK N.A. LONDON SA MTDL SLIC II EURO ETHICAL EQ FD UL/STANDARD LIFE 45.959.804
INVESTMENT LIMITED
AGENTE:BROWN BROTHERS HARR/MORGAN GRENFELL INTERNATIONAL SELECT EQUITY FUND 2.122
ING INDEX PLUS INTERNATIONAL EQUITY FUND 87.175
ARK LIFE ASSURANCE COMPANY LIMITED 497.204
UNISYS PENSION SCHEME 92.885
ALABAMA TRUST FUND 201.795
AGENTE:JP MORGAN CHASE BANK/ITV PENSION SCHEME 386.070
AGENTE:JP MORGAN CHASE BANK/JPMORGAN DIVERSIFIED FUND 249.371
AGENTE:JP MORGAN CHASE BANK/AXA-EB 510 84.351
AGENTE:JP MORGAN CHASE BANK/LONDON BOROUGH OF SOUTHWARK PENSION FUND 178.266
AGENTE:NORTHERN TRUST -LO/BELLSOUTH ENTERPRISE EXECUTIVE PLAN 4.900
AGENTE:RBC DEXIA INVESTOR S/THE BOMBARDIER TRUST (UK) 820.550
AGENTE:NORTHERN TRUST -LO/IMASCO HOLDINGS INC 45.700
AGENTE:NORTHERN TRUST -LO/R.L PENSIONS TRUSTEES (ROI) LIMITED 103.860
AGENTE:RBC DEXIA INVESTOR S/DONALDSON BURSTON INTL SER-THS PARTN 960.120
AGENTE:NORTHERN TRUST -LO/NCR SCOTLAND PENSION PLAN 221.105
AGENTE:BNP PARIBAS 2S-PARIS/UNPMF 418.791
AGENTE:BNP PARIBAS 2S-PARIS/QUATREM ASSURANCE COLLECTIVE 180.301
AGENTE:NORTHERN TRUST -LO/NATIONAL COUNCIL FOR SOCIAL SEC FUND 271.420
AGENTE:BNP PARIBAS 2S-PARIS/FEDERIS AVENIR EURO-PE 2.544.200
AGENTE:NORTHERN TRUST -LO/FS PARAMETRIC PARTNERS 29.761
AGENTE:NORTHERN TRUST -LO/SANFORD BERNSTEIN DELAWARE TRUST 1.058.215
AGENTE:NORTHERN TRUST -LO/BERNSTEIN GLOBAL STYLE BLEND 417.525
AGENTE:NORTHERN TRUST -LO/GARD COMMON CONTRACTUAL FUND 52.071
AGENTE:STATE STREET BANK AND TRUST COMPANY/GE ASSET MANAGEMENT FUNDS PLC 2.189.718
AGENTE:STATE STREET BANK AND TRUST COMPANY/MGI FUNDS PLC 1.978.677
AGENTE:BNP PARIBAS 2S-PARIS/FCP EURO ETHIQUE INSTITUTIONS 2.300.000
AGENTE:NORTHERN TR GLB SERV/LLOYD`S SUPERANNUATION FUND 168.180
AGENTE:NORTHERN TR GLB SERV/UNIVEST 3.710.099
MINNESOTA LIFE INSURANCE COMPANY 136.154
AGENTE:STATE STREET BANK AND TRUST COMPANY/IPAC MULTI-MANAGER INVESTMENT FUND 43.470
SERIES-IPAC MULTI-MANAGERGLOABL EQUITY FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE METHODIST HOSPITAL 272.984
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMLIN BERMUDA LTD 346.959
AGENTE:STATE STREET BANK AND TRUST COMPANY/LONDON BOROUGH OF GREENWICH 630.220
SUPERANNUATION SCHEME
AGENTE:STATE STREET BANK AND TRUST COMPANY/SPDR S&P WORLD (EX-US) ETF 165.425
AGENTE:STATE STREET BANK AND TRUST COMPANY/DWS EAFE EQUITY INDEX FUND 19.333
AGENTE:STATE STREET BANK AND TRUST COMPANY/CITY OF PHILADELPHIA PUBLIC EMPLOYEES 352.048
RETIREMENT SYSTEM
AGENTE:STATE STREET BANK AND TRUST COMPANY/HOME AFFAIRS UNIFORMED SERVICES (INVEST 14.700
FUND)
AGENTE:STATE STREET BANK AND TRUST COMPANY/RUSSELL INVESTMENT COMPANY II PLC 3.202.681
AGENTE:STATE STREET BANK AND TRUST COMPANY/RUSSELL INVESTMENT COMPANY PLC 8.597.077
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN GLOBAL STYLE BLEND 45.223
EQUITIES TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/GPF (THAILAND) INVESTMENT FUND 197.170
AGENTE:STATE STREET BANK AND TRUST COMPANY/LONDON BOROUGH OF BARKING & DAGENHAM 193.320
SUPERANNUATION FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/RUSSELL INVESTMENT COMPANY 360.155
INTERNATIONAL FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/METROPOLITAN SERIES FUND MORGAN STANLEY 903.108
EAFE INDEX PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/RUSSELL INVESTMENT FUNDS NON-U.S. FUND 643.141
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMERICAN FUNDS INSURANCE SERIES 33.836.448
INTERNATIONAL FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/HALLMARK CARDS MASTER TRUST 338.048
AGENTE:STATE STREET BANK AND TRUST COMPANY/HOUSTON MUNICIPAL EMPLOYEES PENSION 156.567
SYSTEM
AGENTE:STATE STREET BANK AND TRUST COMPANY/GOVERNING COUNCIL OF THE UNIVERSITY OF 200.900
TORONTO
AGENTE:STATE STREET BANK AND TRUST COMPANY/SAN BERNARDINO COUNTY EMPLOYEES 194.985
RETIREMENT ASSOCIATION
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUBLIC EMPLOYEES RETIREMENT SYSTEM OF 5.786.918
OHIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/HARTFORD INTERNATIONAL OPPORTUNITIES HLS 636.074
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE HARTFORD INTERNATIONAL 205.315
OPPORTUNITIES FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN TAX-MANAGED WEALTH 20.280
PRESERVATION STRATEGY
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN TAX-MANAGED 70.525
pag. 9

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
BALANCED WEALTH STRATEGY
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN TAX MANAGED WEALTH 469.235
APPRECIATION STRATEGY
PYRAMIS INTERNATIONAL GROWTH TRUST 845.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/METROPOLITAN LIFE INSURANCE COMPANY 930.899
AGENTE:BNP PARIBAS 2S-PARIS/HENDERSON EUROPEAN ENHANCED EQUITY FUND 2.323.129
AGENTE:BP2S SINGAPORE/ENHANCED INDEX INTERNATIONAL SHARE FUND 2.168.551
AVA EUROPE 4 688.313
LBPAM ACTIONS EUROPE 2.270.000
XENYS 90.000
LBPAM VOIE LACTEE 2 164.636
TUTELAIRE ACTIONS 145.000
VIVACCIO ACTIONS 3.619.180
LBPAM ACTIONS DIVERSIFIE 1.553.909
LBPAM ACTIONS EURO 6.000.000
LBPAM ACTIONS INDICE 4.659.124
LBPAM PROFIL 80 PEA 1.174.789
LBPAM PROFIL 100 415.924
LBPAM ACTIONS DEVELOPPEMENT DURABLE 4.140.627
INDIANA UNIVERSITY FOUNDATION 247.764
CAUSEWAY INTERNATIONAL VALUE FUND 8.999.430
NON US EQUITY MANAGERS PORTFOLIO 5 OFFSHORE MASTER LP 769.329
AGENTE:JP MORGAN BANK LUXEM/FRANKLIN TEMPLETON INVESTMENT FUNDS 34.944.603
AGENTE:JP MORGAN CHASE BANK/JP MORGAN CHASE RETIREMENT PLAN 2.138.778
REUNICA CAAM ACTIONS 431.053
AGENTE:JP MORGAN CHASE BANK/TEMPLETON GLOBAL STOCK TRUST 1.542.469
AGENTE:JP MORGAN CHASE BANK/WASHINGTON STATE INVESTMENT BOARD 6.467.557
AGENTE:HSBC BANK PLC/WEST YORKSHIRE PENSION FUND 2.965.509
AGENTE:STATE STREET BANK AND TRUST COMPANY/VIA CHRISTI HEALTH SYSTEM INC. 72.204
AGENTE:STATE STREET BANK AND TRUST COMPANY/DODGE & COX INTERNATIONAL STOCK FUND 295.864.430
AGENTE:STATE STREET BANK AND TRUST COMPANY/CITY OF HIALEAH RETIREMENT SYSTEM 66.450
AGENTE:STATE STREET BANK AND TRUST COMPANY/MARATHON GLOBAL FUND : GLOBAL EQUITY 893.456
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/MARATHON NEW GLOBAL FUND PLC 3.056.500
AGENTE:STATE STREET BANK AND TRUST COMPANY/CAUSEWAY INTERNATIONAL VALUE GROUP 2.100.961
TRUST
AGENTE:JP MORGAN CHASE BANK/VANTAGEPOINT OVERSEAS EQUITY INDEX FUND 246.005
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMERICAN AIRLINES INC., MASTER FIXED 1.262.962
BENEFIT PENSION TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/DELUXE CORPORATION MASTER RETIREMENT 212.996
TRUST PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/FRESNO COUNTY EMPLOYEES` RETIREMENT 573.155
ASSOCIATION
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE COMMON FUND FOR NON PROFIT 589.460
ORGANIZATION
AGENTE:STATE STREET BANK AND TRUST COMPANY/WORKERS COMPENSATION BOARD-ALBERTA 303.090
AGENTE:STATE STREET BANK AND TRUST COMPANY/KBR UK COMMON INVESTMENT FUND 636.248
AGENTE:STATE STREET BANK AND TRUST COMPANY/PENSIONS MANAGEMENT (S.W.F.) LIMITED 547.741
AGENTE:STATE STREET BANK AND TRUST COMPANY/WORLD INDEX OLUS SECURITIES LENDING 468.220
COMMON TRUST FUND
AGENTE:JP MORGAN CHASE BANK/NATIONAL WESTMINSTER REINSURANCE LTD 8.178
PREDICA ISR MONDE 46.000
PFP-ISR 20.903
PREDICA ISR EUROPE 71.000
AGENTE:BQUE FEDERATIVE-STR/FCP HENKEL DIVERSIFIE N 1 12.650
AGENTE:BQUE FEDERATIVE-STR/1515 FCP GERARD PERRIER 4.350
AGENTE:BQUE FEDERATIVE-STR/HEINEKEN ENTREPRISE DIVERSIFIE 41.400
AGENTE:BQUE FEDERATIVE-STR/FCP DEGUSSA MIXTE 5.400
AGENTE:BQUE FEDERATIVE-STR/FCP DEGUSSA DYNAMIQUE 18.400
AGENTE:BQUE FEDERATIVE-STR/FCPE ROUSSELOT DYNAMIQUE 14.275
AGENTE:BQUE FEDERATIVE-STR/MONSANTO ACTIONS 50.071
AGENTE:BQUE FEDERATIVE-STR/FCP MGE DYNAMIQUE EURO 60.000
AGENTE:RBC DEXIA INVESTOR S/REGENT STRAT EUROPEAN EQ 921.588
ROCKWELL AUTOMATION MASTER TRUST 799.705
AGENTE:BNP PARIBAS 2S-PARIS/FCP ACTIONS ISR 1.600.000
AGENTE:BNP PARIBAS 2S-PARIS/ETHIQUE SOLIDARITE-FCPE SOLIDAIRE 17.430
AGENTE:NORTHERN TRUST -LO/INTL TRANSPORT CORP RETIREE HEALTH 135.462
AGENTE:NORTHERN TRUST -LO/CITY OF REGINA POLICE PENSION PLAN 104.925
AGENTE:NORTHERN TRUST -LO/CITY OF REGINA CIVIC SUPER BENEFIT 690.752
AGENTE:NORTHERN TRUST -LO/ILLINOIS TOOL WORKS MASTER TRUST 635.377
AGENTE:NORTHERN TRUST -LO/HOUSTON POLICE OFFICERS PENS SYSTEM 1.017.901
AGENTE:NORTHERN TRUST -LO/NORTHERN TRUST ROBUSTA FUND 943.802
AGENTE:BQUE FEDERATIVE-STR/VALORACTIONS 23.000
AGENTE:NORTHERN TRUST -LO/NATIONAL RAILROAD RET INVESTMENT TRUST PUBL FUND 3.412.348
pag. 10

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
AGENTE:NORTHERN TRUST -LO/FORTUNE BRANDS,INC MASTER PENSION TR 504.935
AGENTE:NORTHERN TRUST -LO/BANNER HEALTH SYSTEM 1.251.583
AGENTE:NORTHERN TRUST -LO/DANAHER CORPORATION RETIREMENT PLAN MASTER TRUST 373.514
AGENTE:RBC DEXIA INVESTOR S/AURION INTERNATIONAL DAILY EQUITY FD 287.661
AGENTE:BNP PARIBAS 2S-PARIS/CARDIF ASSURANCE RISQUES DIVERS 60.000
AGENTE:NORTHERN TRUST -LO/NORTHERN GLOBAL SUSTAINABILITY INDEX FUN 110.234
AGENTE:NORTHERN TRUST -LO/SPRING CREEK INVESTORS LLC 12.843
AGENTE:NORTHERN TRUST -LO/SHY LLC 3.269
AGENTE:NORTHERN TRUST -LO/LAS OLAS EQUITY PARTNERS LP 50.287
AGENTE:NORTHERN TRUST -LO/FIDELITY AGGRESSIVE INTERNATIONAL FD 1.735.500
AGENTE:NORTHERN TRUST -LO/NORTHERN INSTIT FUNDS INT INDEX PF 274.634
AGENTE:RBC DEXIA INVESTOR S/BF&M LIFE INSURANCE COMPANY LIMITED 196.241
AGENTE:BNP PARIBAS 2S-PARIS/FCP RICHELIEU EUROPE 550.000
AGENTE:BNP PARIBAS 2S-PARIS/D&O DEXIA ISR 92.421
AGENTE:BNP PARIBAS 2S-PARIS/FCPE MULTIPAR EQ. SOC. RES 96.085
AGENTE:BP2S LUXEMBOURG/PARWORLD 729.490
ING TEMPLETON GLOBAL GROWTH PORTFOLIO 1.687.948
VISION POOLED SUPERANNUATION TRUST 338.570
AGENTE:HSBC BANK PLC/AXA FRAMLINGTON EUROPEAN FUND 259.373
AGENTE:HSBC BANK PLC/EPWORTH INVESTMENT FUND 169.807
THE BANK OF KOREA 141.739
GS TACS MARKET CONTINUOUS (INTL) LLC 601.732
ING INTERNATIONAL INDEX PORTFOLIO 408.452
TIME WARNER INC MASTER PENSION TRUST 980.558
AGENTE:JP MORGAN CHASE BANK/AXA EQUITABLE LIFE INSURANCE CO 249.289
AGENTE:JP MORGAN CHASE BANK/SCHRODER GLOBAL ACTIVE VALUE FUND 468.355
AGENTE:JP MORGAN CHASE BANK/MFS DIVERSIFIED TARGET RETURN FUND 20.823
AGENTE:JP MORGAN CHASE BANK/BOILERMAKERS NATIONAL ANNUITY TRUST 137.451
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM ASSET ALLOCATION FUNDS - 187.337
CONSERVATIVE PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM ASSET ALLOCATION FUNDS - BALANCED 395.108
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/HARTFORD LIFE INSURANCE COMPANY 428.171
AGENTE:STATE STREET BANK AND TRUST COMPANY/WUT47 57.095
AGENTE:STATE STREET BANK AND TRUST COMPANY/EXLEY MANAGEMENT SERVICES LLC 11.500
AGENTE:STATE STREET BANK AND TRUST COMPANY/DWS BALANCED FUND 553.259
AGENTE:STATE STREET BANK AND TRUST COMPANY/RUSSELL INVESTMENT COMPANY IV PLC 350.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/AXA NEDERLAND (LUXEMBOURG) 14.306
AGENTE:STATE STREET BANK AND TRUST COMPANY/MFS MERIDIAN FUNDS - EUROPEAN VALUE FUND 1.701.699
AGENTE:STATE STREET BANK AND TRUST COMPANY/GOLDMAN SACHS FUNDS 3.496.123
AGENTE:STATE STREET BANK AND TRUST COMPANY/MET INVESTORS SERIES TRUST - 1.329.237
MET/TEMPLETON GROWTH PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/VALIC COMPANY I - FOREIGN VALUE FUND 4.747.665
AGENTE:STATE STREET BANK AND TRUST COMPANY/GMAM INVESTMENT FUNDS TRUST 1.251.085
AGENTE:STATE STREET BANK AND TRUST COMPANY/MINISTRY OF STRATEGY AND FINANCE 209.544
AGENTE:STATE STREET BANK AND TRUST COMPANY/MFS INTERNATIONAL VALUE FUND 6.007.848
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMERICAN INTERNATIONAL GROUP INC 11.970
RETIREMENT PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/ST. JAMES`S PLACE UK PUBLIC LIMITED COMPANY 27.772.983
AGENTE:STATE STREET BANK AND TRUST COMPANY/ST JAMES`S PLACE INTERNATIONAL PUBLIC 4.550.048
LIMITED COMPANY
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM ASSET ALLOCATION FUNDS - GROWTH 739.692
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM FIDUCIARY TRUST COMPANY 578.593
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMLIN UNDERWRITING LIMITED 559.977
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM WORLD TRUST II 29.144
AGENTE:STATE STREET BANK AND TRUST COMPANY/DWS LIFECYCLE LONG RANGE FUND 146.319
AGENTE:STATE STREET BANK AND TRUST COMPANY/MGI INTERNATIONAL EQUITY FUND 209.920
AGENTE:STATE STREET BANK AND TRUST COMPANY/SUPERVALU INC. MASTER INVESTMENT TRUST 35.338
AGENTE:STATE STREET BANK AND TRUST COMPANY/TIFF INTERNATIONAL EQUITY FUND 57.975
AGENTE:STATE STREET BANK AND TRUST COMPANY/MFS HERITAGE TRUST COMPANY COLLECTIVE 181.168
INVESTMENT TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/COHEN & STEERS GLOBAL INCOME BUILDER, INC. 202.860
AGENTE:STATE STREET BANK AND TRUST COMPANY/DODGE + COX GLOBAL STOCK FUND 8.182.333
AGENTE:STATE STREET BANK AND TRUST COMPANY/MULTI-STYLE, MULTI-MANAGER FUNDS PLC 4.475.405
AGENTE:STATE STREET BANK AND TRUST COMPANY/DWS BALANCED VIP 144.623
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK INSURANCE COMPANY OF 65.223
VERMONT
US BANK/PORTFOLIO 21 437.484
PRINCIPAL FUNDS INC INTERNATIONAL VALUE FUND 1 179.436
RICHIEDENTE:CBLDN S/A AEGON CUSTODY N.V./AEGON CUSTODY BV INZAKE AEGON BASISFONDS 1.592.415
AANDELEN EUROPA
AGENTE:JP MORGAN BANK IRELA/GAM STAR FUND PLC 1.622.252
AGENTE:JP MORGAN CHASE BANK/TEMPLETON GROWTH FUND 2.063.723
pag. 11

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
AGENTE:JP MORGAN CHASE BANK/TEMPLETON GLOBAL TRUST FUND 751.705
AGENTE:JP MORGAN CHASE BANK/JP MORGAN CHASE 401(K) SAVINGS PLAN 1.690.684
GRD 10 THS 792.371
ESSOR EUROPE 436.254
HAMELIN DIVERSIFIE II 250.000
FCP PORTFOLIO ACTIONS EUROPE 245.288
AGENTE:JP MORGAN CHASE BANK/FIRST CLEARING LLC 330.316
BOURBON 4 96.624
UNIVERS CNP 1 1.010.195
CNP ACP ACTIONS LT 201.656
CONCORDE 96 91.268
NATIXIS ISR ACTIONS 751.529
IXIS FLAMME 227.600
I CROISSANCE 90.163
MEDERIC ALZHEIMER IXIS AM 37.361
CMD AGIRC IXIS D 777.436
BOURBON 5 98.346
ECA DIVERSIFIE 95.660
ATOUT VIVACTIONS 209.405
AGIRC BD 116.049
LBPAM ACTIONS FINANCE 344.000
FCP TONI ACTIONS 100 967.289
ADPACTIONS 10.695
FCPE ADPARGNE 45.731
ACTIF CANTON LCL 1.800.000
EGERIS OBJECTIF EURO 503.693
FCP NATIXIS ACTIONS EURO GROWTH 640.000
ATOUT QUANTEUROLAND 2.122.252
CAAM INDICIA MEDIAN 921.547
CAAM ACTIONS DURABLES 367.840
EUROSOCIETALE 607.000
EPARGNE PRUDENCE THALES 224.666
EVIAN A EQUILIBRE 46.371
N 1 RENDEMENT USINOR 65.474
ASSURDIX 2.297.194
CAAM INDEX EURO 5.010.822
FCP RL PREVOYANCE 189.469
CAAM MONETAIRE PEA 227.037
CAAM RESA ACTIONS EURO 653.357
AGENTE:BROWN BROTHERS HARR/SEI INST INV TRUST SCREENED WORL 17.945
AGENTE:RBC DEXIA INVESTOR S/GENERAL MOTORS CANADA DOMESTIC TRUST 94.454
AGENTE:BQUE FEDERATIVE-STR/FCP SCORE SAINT JOSEPH 7.847
AGENTE:BQUE FEDERATIVE-STR/FCP SCORE SAINTE URSULE 7.163
AGENTE:BQUE FEDERATIVE-STR/FCP SCORE PILLAUD 26.661
AGENTE:BQUE FEDERATIVE-STR/FCP SCORE ORMESSON 16.714
AGENTE:BQUE FEDERATIVE-STR/FCP SCORE M O 11.395
AGENTE:BQUE FEDERATIVE-STR/FCP SCORE AUMEX 4.025
AGENTE:BQUE FEDERATIVE-STR/FCP SCORE AD BESANCON 13.644
AGENTE:BQUE FEDERATIVE-STR/FCP BRONGNIART AVENIR 41.864
AGENTE:BQUE FEDERATIVE-STR/FCP PATRIMOINE PLACEMENT 3 15.124
AGENTE:BQUE FEDERATIVE-STR/FCP PATRIMOINE PLACEMENT 2 6.197
AGENTE:BQUE FEDERATIVE-STR/FCP PATRIMOINE PLACEMENT 5.162
AGENTE:BQUE FEDERATIVE-STR/FCP LUCKY 9.039
AGENTE:BQUE FEDERATIVE-STR/FCP GROUPE ROCHE 156.000
AGENTE:BQUE FEDERATIVE-STR/CIC SOCIALEMENT RESPONSABLE 264.289
AGENTE:BQUE FEDERATIVE-STR/FCP BRANT 2.979
AGENTE:NORTHERN TRUST -LO/BAYCARE SYSTEM MASTER CUSTODY POOL 490.323
AGENTE:NORTHERN TRUST -LO/THE CALIFORNIA WELLNESS FOUNDATION 67.984
AGENTE:NORTHERN TRUST -LO/CHRISTIAN SCHOOL PENSION AND TRUST 234.556
AGENTE:NORTHERN TRUST -LO/CITY OF LOS ANGELES FIRE POLICE PLAN 705.573
AGENTE:NORTHERN TRUST -LO/IBM PENSION PLAN 1.408.038
AGENTE:NORTHERN TRUST -LO/1199 HEALTHCARE EMPLOYEES PENSION TRUST 2.205.001
AGENTE:NORTHERN TRUST -LO/BAY CARE HEALTH SYSTEM GROUP INVEST. 13.789
AGENTE:NORTHERN TRUST -LO/CITY OF MILWAUKEE EMPLOY RETIREMENT 537.920
AGENTE:NORTHERN TRUST -LO/VOLKSWAGEN US.INC.E.RETIREMENT PLAN 31.953
AGENTE:NORTHERN TRUST -LO/CHEMTURA CORPORATION MASTER RETIR TR 108.070
AGENTE:BNP PARIBAS 2S-PARIS/FCPE LIMACTIF 48.410
AGENTE:BNP PARIBAS 2S-PARIS/NATEXIS PERFORMANCE I 27.134
AGENTE:NORTHERN TRUST -LO/MS FUND LP 1.413.796
AGENTE:NORTHERN TRUST -LO/CHICAGO TRANSIT AUTH-SUPP RET PLAN 7.578
AGENTE:BQUE FEDERATIVE-STR/FCP ES TEMPERE 123.680
AGENTE:BQUE FEDERATIVE-STR/FCPE FLEURY MICHON DIVERSIFIE 11.163
AGENTE:BQUE FEDERATIVE-STR/FCP ES GESTION EQUILIBRE 1.115.644
AGENTE:RBC DEXIA INVESTOR S/HSBC INTERNATIONAL SELECT FUND 352.811
pag. 12

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
AGENTE:STATE STREET BANK AND TRUST COMPANY/MORRIS & GWENDOLYN CAFRITZ FOUNDATION 47.590
AGENTE:STATE STREET BANK AND TRUST COMPANY/NOVARTIS CORPORATION PENSION MASTER 708.135
TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMEC STAFF PENSION SCHEME 1.132.926
AGENTE:STATE STREET BANK AND TRUST COMPANY/SACRAMENTO REGIONAL TRANSIT DISTRICT 25.694
AGENTE:STATE STREET BANK AND TRUST COMPANY/R.H. BLUESTEIN & CO. 1.182
AGENTE:STATE STREET BANK AND TRUST COMPANY/SPDR S+P INTERNATIONAL FINANCIAL SECTOR 35.727
ETF
AGENTE:STATE STREET BANK AND TRUST COMPANY/MARATHON GLOBAL FUND: INTERNATIONAL 579.763
EQUITY FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/NEWPORT NEWS EMPLOYEE RETIREMENT FUND 18.625
AGENTE:STATE STREET BANK AND TRUST COMPANY/GMO GLOBAL EQUITY TRUST (EX-AUSTRALIA) 767.201
AGENTE:STATE STREET BANK AND TRUST COMPANY/M FUND BRANDES INTERNATIONAL EQUITY FUND 492.500
AGENTE:STATE STREET BANK AND TRUST COMPANY/BRANDES INSTITUTIONAL INTERNATIONAL 1.379.157
EQUITY FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/MGI NON-US CORE EQUITY FUND 1.116.449
AGENTE:STATE STREET BANK AND TRUST COMPANY/CITY OF PROVIDENCE EMPLOYEES RETIREMENT 220.414
SYSTEM
DYNALION MONDE PEA L997 100.000
EATON VANCE CORPORATION 7.888
THE MEDICAL CENTRE INSURANCE COMPANY LTD. 253.926
MARSHALL + ISLEY TRUST COMPANU 21.475
PRINCIPAL VARIABLE CONTRACTS FUND INC ASSET ALLOCATION ACCOUNT 15.553
SPRUCEGROVE NON-US EQUITY LLC 1.064.917
GEN BRD OF PENSION&HEALTH BNFTOF THE UNITED METHOD 2.601.490
UNIVERSITY OF PITTSBURGH MEDICAL CENTER SYSTE 287.006
VEBA PARTNERSHIP N LP . 141.259
CIBC EUROPEAN INDEX FUND . 98.586
CIBC POOLED INTERNATIONAL EQUITY INDEX FUND 50.161
ABB INC. MASTER TRUST . 128.657
BJC GROUP PENSION TRUST . 330.175
CONNECTICUT GENERAL LIFE INSURANCE COMPANY 247.374
CATHOLIC HEALTH INITIATIVES MASTER TRUST 731.545
SISTERS OF CHARITY OF LEAVENWORTH HEALTH S 325.656
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLOYEES RETIREMENT SYSTEM 378.222
CHESHIRE PENSION FUND . 1.168.323
CONRAIL EMPLOYEE BENEFITS TRUST 15.973
CANADIAN PACIFIC RAILWAY COMPANY PENSION PLAN 1.306.361
ADVANTAGE FUNDS INC - GLOBAL ALPHA FUND 22.539
STATE OF SOUTH DAKOTA . 262.900
SOUTH DAKOTA RETIREMENT SYSTEM 1.332.100
MARS GMBH . 803.812
GRANGER FINANCIAL MANAGEMENT . 18.445
CITY OF NEW YORK DEFERRED COMPENSATION PLAN 535.540
ARCELORMITTAL USA INC. PENSION TRUST 169.975
KANSAS PUBLIC EMPLOYEES RETIREMENT 1.355.657
ROGERSCASEY TARGET SOLUTIONS LLC. 632.155
OPERATING ENGINEERS LOCAL 101 PENSION FUND 146.351
UPMC BASIC RETIREMENT PLAN MASTER TRUST 96.017
THE SALVATION ARMY TERRITORIAL HEADQUAR 448.254
CERVURITE INTERNATIONAL LLC . 167.487
PENSION FUND OF THE CHRISTIAN CHURCH 153.241
THE SALVATION ARMY OFFICERS` RETIREMENT TRUST FUN 97.464
LVIP SSGA INTERNATIONAL INDEX FUND 529.304
ELECTRICAL WORKERS LOCAL 26 PENSION TRUST FUND 99.123
INVESTORS EUROPEAN DIVIDEND GROWTH FUND 146.000
CAAM ACTIONS EURO CA-MF 357.985
LV CHALLENGE 153.864
L.S. DYNAMIQUE 35.656
EQUILIBRE PROTEGE ACTIONS-TAUX 827.331
CAAM SELECT EURO 1.358.443
FCP FMS 3 387.120
ALCATEL 1 6.249
VOCATION MARCHE ARIANESPACE CONSEIL DE SURVEILLANCE DU FCP 17.100
DARTY DIVERSIFIE EQUILIBRE 36.399
FCP VILLIERS CROISSANCE 4.003.383
VILLIERS DIVERSIFIE DEXIA AM 501.509
RAVGDT DIVERSIFIE II DEXIA AM 59.992
FCP ERAFP ACTIONS EUROS1 EDEAM 2.790.000
ECUREUIL 1,2,3 FUTUR 1.603.784
CARBP DIVERSIFIE 205.062
AREGE 2IC 80.638
MONNET 53.944
ABP CROISSANCE RENDEMENT 800.000
pag. 13

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
CNP ASSUR PIERRE 181.343
IXIS EURO ACTIONS 1.903.720
CNP ASSUR VALEURS 335.546
IMPACT ISR DYNAMIQUE 68.621
IMPACT ISR CROISSANCE 146.773
IMPACT ISR EQUILIBRE 722.434
IMPACT ISR RENDEMENT SOLIDAIRE 127.772
NATIXIS ES ACTIONS EURO 425.440
AREVA DIVERSIFIE OBLIGATAIRE 88.349
FCP ERAFP ACTIONS EUROS4 BTF P 732.300
EPARGNE EQUILIBRE FCPE 37.683
STICHTING PENSIOENFONDS UWV . 854.076
METROPOLE GESTION 27.350.000
AGENTE:BROWN BROTHERS HA-LU/FIDELITY FUNDS SICAV 19.231.878
AGENTE:BROWN BROTHERS HARR/GMO TAX-MANAGED INTERNATIONAL EQUITIES F 543.863
AGENTE:BROWN BROTHERS HARR/GMO INTERNATIONAL INTRINSIC VALUE FUND 8.547.658
AGENTE:BROWN BROTHERS HARR/SEI INST INVES TRUST INTERNAT EQTY FUND 856.808
AGENTE:BROWN BROTHERS HARR/SEI INSTITUTIONAL INTERN TRUST INTERNATI 2.876.218
AGENTE:BROWN BROTHERS HARR/GMO DEVELOPED WORLD STOCK FUND 771.520
AGENTE:BROWN BROTHERS HARR/SEI INST INVEST TRUST WORLD EQ EX-US FUN 1.581.850
AGENTE:BQUE FEDERATIVE-STR/FCP GROUPE BRIAND 8.093
AGENTE:BQUE FEDERATIVE-STR/FCPE EUROP ASSISTANCE DIVERSIFIE 20.393
AGENTE:BQUE FEDERATIVE-STR/CM ALLIANCE FCP 23.565
AGENTE:PICTET & CIE/FDT ETHOS 210.821
AGENTE:RBC DEXIA INVESTOR S/PROV NOVA SCOTIA PUBLIC SERV SUPERANN FD 82.895
AGENTE:RBC DEXIA INVESTOR S/NOVA SCOTIA TEACHERS PENSION FUND 101.778
AGENTE:RBC DEXIA INVESTOR S/BELL ALIANT REGIONAL COMMUNICATIONS INC 248.523
AGENTE:RBC DEXIA INVESTOR S/CANADA POST CORPORATION PENSION PLAN 9.520.805
AGENTE:HSBC BANK PLC/HSBC INVESTMENT FUNDS (UK) LIMITED 281.228
AGENTE:NORTHERN TRUST -LO/INDIANA STATE TEACHERS RETIREMENT FD 484.109
AGENTE:NORTHERN TRUST -LO/TENNESSE CONSOLIDATED RETIREMENT SYSTEM 4.438.711
AGENTE:NORTHERN TRUST -LO/AMERICAN COLLEGE OF SURGEONS 58.026
AGENTE:NORTHERN TRUST -LO/FUTURE FUND FOR BOARD OF GUARDIANS 3.934.335
AGENTE:RBC DEXIA INVESTOR S/NOVA SCOTIA ASSOC OF HEALTH ORG PENS PL 337.040
AGENTE:NORTHERN TRUST -LO/GRAHAM CAPITAL PARTNERSHIP I LP 29.914
AGENTE:BQUE FEDERATIVE-STR/FCP GAILLON 130/30 93.351
AGENTE:BROWN BROTHERS HARR/GMO GLOBAL ACTIVE EQUITY FUND LP 330.649
AGENTE:BROWN BROTHERS HARR/THE EUROPEAN EQUITY FUND INC. 1.200.000
AGI FRANCE 6.000.000
MACIF GESTION 1.112.474
AGENTE:STATE STREET BANK AND TRUST COMPANY/ING DIRECT STREETWISE BALANCED INCOME 11.027
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/ING DIRECT STREETWISE BALANCED FUND 47.272
AGENTE:STATE STREET BANK AND TRUST COMPANY/ING DIRECT STREETWISE BALANCED GROWTH 64.036
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/GMO DEVELOPED WORLD EQUITY INVESTMENT 1.871.958
FUND PLC
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE OF NEBRASKA DEPARTMENT OF 37.468
ADMINISTRATIVE SERVICES
AGENTE:STATE STREET BANK AND TRUST COMPANY/CORE STRATEGIES INVESTMENT FUND LLC 159.430
AGENTE:STATE STREET BANK AND TRUST COMPANY/WORKERS` COMPENSATION REINSURANCE 121.026
ASSOCIATION
AGENTE:STATE STREET BANK AND TRUST COMPANY/EUROPE ALPHA COMMON TRUST FUND 173.752
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA WORLD INDEX EQUITY FUND 1.284.682
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA ITALY INDEX EQUITY FUND 6.346.478
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA EUROPE ALPHA EQUITY FUND I 151.821
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA EMU INDEX EQUITY FUND 9.951.120
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA FINANCIALS INDEX EQUITY FUND 72.710
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA EUROPE INDEX EQUITY FUND 1.556.419
AGENTE:STATE STREET BANK AND TRUST COMPANY/ANDRA AP-FONDEN (AP2) 15.279.000
AGENTE:BROWN BROTHERS HARR/VANGUARD FTSE ALL-WORLD EX US INDEX FUND 14.882.233
AGENTE:BROWN BROTHERS HARR/BBH BOS MTBJ RE: MANULIFE INTL BOND INDEX MOTH FND 2.020.780
AGENTE:BROWN BROTHERS HARR/FIDELITY ADVISOR SERIES VIII INT CAPITAL 417.800
AGENTE:BROWN BROTHERS HARR/VANGUARD GLOBAL EQUITY FUND 2.771.282
AGENTE:BROWN BROTHERS HARR/BBH/LIFEYRISSJODUR VERZLUNARMANNA-PENSIO 133.871
AGENTE:BROWN BROTHERS HARR/VARIABLE INSURANCE FUND IV VIP INTL CAP 124.700
AGENTE:BROWN BROTHERS HA-LU/NATIXIS INTERNT FUNDS LUX I 174.759
AGENTE:BROWN BROTHERS HARR/OFI INSTITUTIONAL INTERNATIONAL INDEX FU 91.257
AGENTE:BROWN BROTHERS HARR/VANGUARD TOTAL WORLD STOCK INDEX FUND 828.810
ROYAL BANK OF CANADA (CHANNELL ISLANDS) LIMITED 2.222
BANK JULIUS BAER & CO LTD 670.500
AGENTE:RBC DEXIA INVESTOR S/RBC DEXIA INVESTOR SVCS BK FR 2.116.375
AGENTE:HSBC BANK PLC/SG HAMBROS BANK(GIBRALTAR 20.397
AGENTE:HSBC BANK PLC/WEST MIDLANDS METROPOLITAN AUTHORITI 3.230.000
pag. 14

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
AGENTE:HSBC BANK PLC/SG HAMBROS BANK(CHANNEL ISLANDS)LTD 4.078
AV SUPER FUND 12.931
AGENTE:UBS AG -ZURICH/UBS FUND MANAGEMENT (SWITZERLAND) AG 2.649.467
AGENTE:JP MORGAN CHASE BANK/TEMPLETON NVIT INTERNATIONAL VALUE FUND 974.737
WM POOL - EQUITIES TRUST NO. 22 210.852
JANA PASSIVE GLOBAL SHARE TRUST 550.955
AGENTE:JP MORGAN BANK LUXEM/AVIVA INVESTORS INTERNATIONAL FUND 41.093
ACTIF CANTON CREDIT AGRICOLE 42.539.120
AGRIPLAN EXPANSION FCPE CAES 122.975
ATOUT EUROLAND 3.059.008
CAAM LABEL DYNAMIQUE 223.505
CAAM LABEL EQUILIBRE 664.942
CAAM LABEL PRUDENCE 154.156
FCPE CAMERON FRANCE SA 16.436
CL EPARGNE DYNAMIQUE 50.286
AGENTE:JP MORGAN CHASE BANK/AVIVA LIFE & PENSIONS UK LIMITED 1.946.700
POLICEMEN AND FIREMEN RETIREMENT SYSTEM OF THE CITY OF DETROIT 83.983
EGEPARGNE 1 72.569
EGEPARGNE ACTIONS ISR ACTIONS EUROPE CAAM 195.014
EVOLUTIS 660.008
FONDS DE RESERVE POUR LES RETRAITES 348.100
RICHIEDENTE:CITIBANK SINGAPORE SA NTUC LIFEP GLOBALEQUITY ALLIAN/NTUC INCOME INSECURE 165.410
COPERATIVE LIMITED
RICHIEDENTE:CBHK S/A CFSIL WS IGSF/COLONIAL FIRST STATE INVESTEMENT LIMITED 861.265
RICHIEDENTE:CBLDN S/A LEGAL AND GENERAL/LEGAL AND GENERAL ASSURANCE (PENSIONS 4.167.292
MANAGEMENT) LTD
RICHIEDENTE:CBHK SA CBHK-GOLDMAN SAC AS MA IN/CHUNGHWA POST CO LTD 557.133
FORTIS INVESTMENT MANAGEMENT 794.684
FRUCTIFONDS VALEURS EUROPEENNES 846.854
GRD 20 1.015.308
HUTCHINSON ACTIONS 46.572
LA BANQUE POSTALE DE PREVOYANCE 144.246
MEDI ACTIONS 1.800.000
FCPE NATIXIS AVENIR 1 PERFORMANCE 226.170
FCPE NATIXIS AVENIR 2 DYNAMIQUE 38.660
FCPE NATIXIS AVENIR 3 CROISSANCE 100.721
FCPE NATIXIS AVENIR 4 EQUILIBRE 158.202
FCPE NATIXIS AVENIR 5 RENDEMENT 63.600
OCP EPARGNE 21.424
SICAV 5000 1.545.455
AGENTE:JP MORGAN BANK LUXEM/CIKK FUND 202.097
LVIP DELAWARE FOUNDATION MODERATE A 115.580
AMERICAN ELECTRIC POWER MASTER RETIREMENT TRUST 1.251.005
FORSTA AP-FONDEN . 4.177.842
BLUE CROSS BLUE SHIELD OF NORTHCAROLINA RETIR 278.894
CN CANADIAN MASTER TRUST FUND . 5.113.000
AMERICAN ELECTRIC POWER SYSTEM RETIREE LIFE INSURANCE TRUST 52.835
AMERICAN ELECTRIC POWER SYSTEM RETIREE MEDICAL TRUST FOR CERTAIN UNION 145.995
DELAWARE INVESTMENTS GLOBAL FUNDS PLC 37.424
STICHTING DOW PENSIOENFONDS . 303.299
ESSEX COUNTY COUNCIL . 1.105.580
ENERGY EAST CORPORATION MASTERTRUST 642.445
FLORIDA RETIREMENT SYSTEM . 31.496.802
HJ HEINZ PENSION TRUST LIMITED. 816.376
RHM PENSION SCHEME . 277.048
WELLMARK INC. . 232.995
LVIP DELAWERE FOUNDATION CONSERVATIVE ALLOCATION FUND 281.695
LVIP DELAWARE FOUNDATION AGGRESSIVE ALLOCATION FUND 444.021
STICHTING DEPOSITARY APG DEVELOPED MARKETS EQUITY POOL 54.536.944
INCO ELECTED MASTER TRUST . 157.967
QUADRUS TEMPLETON INTERNATIONALEQUITY FUND 539.365
IG TEMPLETON INTERNATIONAL EQUITY CLASS 201.632
DELAWARE INVESTMENTS GLOBAL DIAND INCOME FUND INC 106.746
DELAWARE VIP INTERNATIONAL VALUE EQUITY SERIES 517.458
DELAWARE INTERNATIONAL VALUE EQUITY FUND 2.761.139
DELAWARE AGGRESSIVE ALLOCATIONPORTFOLIO 143.641
DELAWARE MODERATE ALLOCATION PORTFOLIO 348.147
DELAWARE GLOBAL VALUE FUND . 167.503
MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHST 11.539.241
TREASURER OF THE STATE OF NORTHCAROLINAEQUITY INVESTMENT FUND POOLED 4.490.164
NATIONAL PENSIONS RESERVE FUNDCOMMISSION 2.180.503
ARIZONA PSPRS TRUST 764.510
TD EUROPEAN INDEX FUND . 58.438
ROCHE US DB PLANS MASTER TRUST 270.665
pag. 15

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
THE BOSTON COMMON INTNL SOCIAL INDEX FUND, LLC 63.370
GLAXOSMITHKLINE MASTER RETIREMENT TRUST 917.193
AT&T UNION WELFARE BENEFIT TRUST 2.398.818
AXA INVESTMENT MANAGERS PARIS 538.915
AGENTE:BROWN BROTHERS HARR/GMO INTERNATIONAL CORE EQUITY FUND 4.938.400
AGENTE:BROWN BROTHERS HARR/BBH B J T S RE CMA MFS EX-JAPAN GROWTH MOTHER FUND 7.042
AGENTE:BNP PARIBAS 2S-PARIS/EASY ETF DJ EURO STOXX 271.488
AGENTE:BNP PARIBAS 2S-PARIS/FCPE EXPANSION SOLIDARITE 61.596
AGENTE:BNP PARIBAS 2S-PARIS/FCPE EQUILIBRE SOLIDARITE 95.252
AGENTE:BNP PARIBAS 2S-PARIS/HORIZON SOLIDARITE CROISSANCE 14.007
AGENTE:BNP PARIBAS 2S-PARIS/HORIZON SOLIDARITE AUDACE 13.275
AGENTE:BNP PARIBAS 2S-PARIS/EASY ETF EURO STOXX 50 6.076.083
AGENTE:BQUE FEDERATIVE-STR/FCP PATRIMOINE PLACEMENT 5 11.432
AGENTE:BQUE FEDERATIVE-STR/FREESCALE DIVERSIFIE 57.500
AGENTE:BQUE FEDERATIVE-STR/FCPE CONVERGENCE DIVERSIFIE 617.438
AGENTE:RBC DEXIA INVESTOR S/RT TORONTO POOLED CLIENTS A/C 35.072
AGENTE:RBC DEXIA INVESTOR S/IWA FOREST INDUSTRY PENSION PLAN 594.300
AGENTE:RBC DEXIA INVESTOR S/FONDATION J.A. BOMBARDIER 49.536
AGENTE:NORTHERN TR GLB SERV/ABU DHABI RETIREMENT PENSION FUND 564.567
AGENTE:NORTHERN TRUST -LO/MONTGOMERY COUNTY EMPLOYEES` RETIR 211.040
AGENTE:NORTHERN TRUST -LO/PEPSICO INC MASTER RETIREMENT TRUST 181.759
AGENTE:NORTHERN TRUST -LO/SILVER GROWTH FUND, LP 27.663
AGENTE:NORTHERN TRUST -LO/LOR PIP INTERNATIONAL 293.383
AGENTE:NORTHERN TRUST -LO/TRINITY COLLEGE 92.977
AGENTE:NORTHERN TRUST -LO/SISTERS OF PROVIDENCE RETIRE. PLAN 63.615
AGENTE:NORTHERN TRUST -LO/HALIFAX INTL INVEST ICVC EUROPEAN FD 1.710.855
AGENTE:NORTHERN TRUST -LO/CLERICAL MED INVEST GROUP LIMITED 566.584
AGENTE:NORTHERN TRUST -LO/ST ANDREWS LIFE ASSURANCE PLC 216.979
AGENTE:NORTHERN TRUST -LO/SVG INVESTMENT FUND (DUBLIN) PLC 349.070
AGENTE:NORTHERN TRUST -LO/INTERNATIONAL MONETARY FD RET STAFF 403.300
AGENTE:NORTHERN TR GLB SERV/STICHG BEWR BEROPSVR TST&STICHG BEHER BEROEPVR MGR 1.073.130
AGENTE:BQUE FEDERATIVE-STR/LOGICA MOTIVATION 9.200
AGENTE:BQUE FEDERATIVE-STR/SERENIS CAP 1101 34.304
AGENTE:BQUE FEDERATIVE-STR/ACM ALLEGRO 1066 3.271
AGENTE:BQUE FEDERATIVE-STR/ACM ALLEGRO 1065 2.787
AGENTE:BQUE FEDERATIVE-STR/ACM CAP 1004 6.190
AGENTE:RBC DEXIA INVESTOR S/JO HAMBRO CAPITAL MANAGEMENT UMBRELLA FU 56.377
AGENTE:NORTHERN TRUST -LO/RBS HBOS EURO SPECIAL SITUATIO 2.013.644
AGENTE:STATE STREET BANK AND TRUST COMPANY/ARCHITAS MULTI-MANAGER ICVC II 253.565
AGENTE:STATE STREET BANK AND TRUST COMPANY/CAVENHAM GLOBAL EQUITIES 643.456
AGENTE:STATE STREET BANK AND TRUST COMPANY/DWS (CH) - EURO RENTEN 870.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/GMO TAX-MANAGED GLOBAL BALANCED 56.483
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA GLOBAL INDEX PLUS NL TRUST 663.330
AGENTE:STATE STREET BANK AND TRUST COMPANY/RIO TINTO PENSION FUND 386.194
AGENTE:STATE STREET BANK AND TRUST COMPANY/FLOURISH INVESTMENT CORPORATION 3.343.394
AGENTE:STATE STREET BANK AND TRUST COMPANY/WORKERS COMPENSATION INSURANCE FUND 160.409
AGENTE:STATE STREET BANK AND TRUST COMPANY/WUT44 359.950
AGENTE:STATE STREET BANK AND TRUST COMPANY/BEST INVESTMENT CORPORATION 572.631
AGENTE:STATE STREET BANK AND TRUST COMPANY/AXA WORLD FUND 6.161.444
AGENTE:STATE STREET BANK AND TRUST COMPANY/MARCH FUND 93.667
AGENTE:STATE STREET BANK AND TRUST COMPANY/BGI MSCI EUROPE EQUITY INDEX FUND B 7.299.293
AGENTE:STATE STREET BANK AND TRUST COMPANY/BGI MSCI EAFE EQUITY INDEX NON-LENDABLE 2.589.229
FUND B
AGENTE:STATE STREET BANK AND TRUST COMPANY/TEACHERS` RETIREMENT SYSTEM OF THE STATE 2.032.412
OF ILLINOIS
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE PITNEY BOWES RETIREMENT PLANS TRUST 140.815
AGENTE:STATE STREET BANK AND TRUST COMPANY/SPDR DJ EURO STOXX 50 ETF 1.222.320
AGENTE:RBC DEXIA INVESTOR S/MANULIFE INVESTMENT EXCHANGE FUND CORP 544.422
AGENTE:NORTHERN TRUST -LO/NTGI-QM COMMON DAILY ALL COUNTRY WORLD E 187.340
AGENTE:NORTHERN TRUST -LO/ANDREA REIMANN-CIARDELLI 1998 GRAT U/A 3 100.370
AGENTE:NORTHERN TRUST -LO/ANDREA REIMANN-CIARDELLI REVOCABLE TRUST 77.565
AGENTE:NORTHERN TRUST -LO/NON CONTRIBUTORY OF MINE SAFETY 96.140
AGENTE:NORTHERN TRUST -LO/RUSH-PRESBYTERIAN MEDICAL CENTER P.P 184.385
AGENTE:NORTHERN TRUST -LO/SANFORD C. BERNSTEIN DELAWARE BUSINESS T 1.046.100
AGENTE:NORTHERN TRUST -LO/SANFORD C. BERN DELAWARE BUSINESS 161.775
AGENTE:NORTHERN TRUST -LO/ROBERT BOSCH CORPORATION MASTER TST 461.915
AGENTE:NORTHERN TRUST -LO/AMERICAN LEBANESE SYRIAN ASSOCIATED 99.705
AGENTE:JP MORGAN CHASE BANK/NEW MEXICO EDUCATIONAL RETIREMENT BOARD 741.735
AGENTE:NORTHERN TRUST -LO/EMPLOYEES RET SYSTEM RICO ELECTRIC POWER 229.565
AGENTE:NORTHERN TRUST -LO/FREESCALE SEMICONDUCTOR INC RETIREMENT 411.835
AGENTE:NORTHERN TRUST -LO/MOTOROLA INC PENSION PLAN 340.374
AGENTE:NORTHERN TRUST -LO/UNITED AIRLINES PILOTS DIR.PLAN TR. 337.400
NOMURA BANK (LUXEMBOURG) SA CLIENT ACCOUNT 605.785
pag. 16

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
AGENTE:HONGKONG/SHANGHAI BK/HSBC FD SERV MANUFACT LIFE INSURA CO LTD 649.097
AGENTE:HSBC BANK PLC/HSBC ETFS PUBLIC LIMITED COMPANY 740.513
AGENTE:BROWN BROTHERS HA-LU/ACMBERNSTEIN EUROPEAN STRATEGIC VALUE PO 414.673
AGENTE:BROWN BROTHERS HARR/VANGUARD DEVELOP MARKET INDEX FUND 13.478.142
AGENTE:BROWN BROTHERS HARR/GMO REAL RET ASS ALL FUND LP 68.030
SUNSUPER SUPERANNUATION FUND 2.486.506
OGLETHORPE POWER CORPORATION 784.130
RICHIEDENTE:CBNY S/A ALLEGIANT INTL EQUITY FUND/ALLEGIANT INTERNATIONAL EQUITY FUND 422.202
ING INVESTMENT MANAGEMENT EUROPE NV 3.959.812
RICHIEDENTE:CBHK S/A CFSIL COMMONWEALTH GL SF 23/COLONIAL FIRST STATE INVESTMENTS 1.938.300
LIMITED
RICHIEDENTE:CBLDN S/A ST MN SER AANDEL EUROP II/STICHTING MN SERVICES AANDELENSFONDS 36.737
EUROPA III
RICHIEDENTE:CBLDN S/A CIP-DEP AVIVA INVESTORS NORWICH UNION/AVIVA INVESTORS 429.450
INTERNATIONAL INDEX TRACKING FUND
RICHIEDENTE:CBNY S/A ADVANCED SERIES TRUST - AST JP MORGAN INTL EQUITY PORTF./ADVANCED 974.586
SERIES TRUST - AST JP MORGAN INTERNATIONAL EQUITY PORTFOLIO
WELLS FARGO BANK MINNESOTA NA 5.463
S2G 4.550.837
GENERALI INVESTMENTS FRANCE 536.530
ETOILE GESTION 3.852.999
CAAM 392.776
AGENTE:STATE STREET BANK AND TRUST COMPANY/DB ADVISORS (CH) DBI WORLD EQUITY FUND 10.669
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMLIN CORPORATE INSURANCE NV 1.280.808
AGENTE:STATE STREET BANK AND TRUST COMPANY/DODGE + COX WORLDWIDE FUNDS PLC 848.050
AGENTE:STATE STREET BANK AND TRUST COMPANY/MARQUIS INSTITUTIONAL GLOBAL EQUITY 126.333
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/UAW RETIREE MEDICAL BENEFITS TRUST 1.241.060
AGENTE:STATE STREET BANK AND TRUST COMPANY/GOLDMAN SACHS FUNDS II 361.920
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES MSCI ACWI INDEX FUND (EX IBT 2765) 679.476
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES MSCI ACWI EX US INDEX FUND (EX IBT 590.934
2766)
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES MSCI ACWI EX US FINANCIALS INDEX 7.398
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES S&P EUROPE 350 INDEX FUND (EX IBT 3.601.892
2773)
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES MSCI EAFE INDEX FUND (EX IBT 2777) 46.027.938
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES MSCI EAFE VALUE INDEX FUND (EX IBT 1.732.245
2778)
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES S&P GLOBAL FINANCIAL SECTOR INDEX 1.126.770
FUND (EX IBT 2787)
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES MSCI EMU INDEX FUND (EX IBT 2865) 4.115.103
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES MSCI ITALY INDEX FUND (EX IBT 2869) 6.185.339
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES MSCI KOKUSAI INDEX FUND (EX IBT 2769) 359.437
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES MSCI EUROPE FINANCIAL SECTOR 66.311
INDEX FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/MSCI EQUITY INDEX FUND B-ITALY 13.823.409
AGENTE:STATE STREET BANK AND TRUST COMPANY/MULTI CURRENCY ALPHA TILTS SOCIAL SCREEN 6.049
FUND B (EX IBT 90164)
AGENTE:STATE STREET BANK AND TRUST COMPANY/INTERNATIONAL EQUITY INDEX PLUS FUND B (EX 285.316
IBT 90223)
AGENTE:STATE STREET BANK AND TRUST COMPANY/WORLD EX-U.S. ALPHA TILTS FUND B 63.328
AGENTE:STATE STREET BANK AND TRUST COMPANY/BGI MSCI EMU IMI INDEX FUND B 1.637.099
AGENTE:STATE STREET BANK AND TRUST COMPANY/INTERNATIONAL ALPHA TILTS FUND B 276.283
AGENTE:STATE STREET BANK AND TRUST COMPANY/CHRYSLER LLC MASTER RETIREMENT TRUST 1.951.215
AGENTE:STATE STREET BANK AND TRUST COMPANY/INTREPID INTERNATIONAL - CANADA FUND 51.670
AGENTE:STATE STREET BANK AND TRUST COMPANY/COLUMBIA INTERNATIONAL VALUE MASTER 3.651.500
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/MORGAN STANLEY STRATEGIST FUND 186.760
AGENTE:NORTHERN TRUST -LO/M-L INTERNATIONAL INVESTMENT FUND 737.148
AGENTE:STATE STREET BANK AND TRUST COMPANY/ABBEY LIFE ASSURANCE COMPANY LIMITED 6.429.335
UNIVERSITY OF THE SOUTH STI OMNIBUS SUNTRUST BANKS 71.178
ALASKA PERMANENT FUND CORPORATION 3.469
AZL FRANKLIN TEMPLETON FOUNDINGSTRATEGY PLUS FUND 198.505
BJC HEALTH SYSTEM . 726.330
BRUCE POWER PENSION PLAN . 1.427.900
COX ENTERPRISES INC MASTER TRUST 874.175
BNY MELLON EB COLLECTIVE INVESTMENT FUND PLAN 1.604.146
FIRE & POLICE EMPLOYEES RET. SYSTEM-CITY OF BALTI 1.081.710
GMI INVESTMENT TRUST . 929.409
HEINZ MANAGEMENT PENSION PLAN 187.342
HRK INVESTMENTS LLP 109.075
HERTFORDSHIRE COUNTY COUNCIL PENSION FUND 787.585
IMPERIAL TOBACCO PENSION INVESTMENT TRUST FUND 240.655
DELAWARE DIVIDEND INCOME FUND . 236.075
pag. 17

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
DELAWARE ENHANCED GLOBAL DIVIDEND AND INCOME FUND 420.721
LOUISIANA STATE EMPLOYEES` RETIREMENT SYSTEM 1.140.200
EMPLOYEE RETIREMENT INCOME PLANTRUST OF 3M COM 908.691
MERCHANT NAVY OFFICERS PENSION FUND 67.062
MERCY INVESTMENT SERVICES 204.434
OPEC FUND FOR INTERNATIONAL DEVELOPMENT 503.192
STICHTING PENSIOENFONDS HORECA & CATERING 1.044.503
ROCKWELL COLLINS MASTER TRUST 1.334.559
SAN DIEGO GAS AND ELEC CO NUCLEAR FACILITIES QUAL DEC 141.036
BALANCING POOL . 269.022
TD EMERALD INTERNATIONAL EQUITYINDEX FUND 1.665.928
AT&T SAVINGS GROUP INV TRUST 317.425
TORONTO FIRE DEPARTMENT SUPERANNUATION AND BENEFIT FD 21.304
TORSTAR MASTER TRUST FUND . 396.357
TUCSON SUPPLEMENTAL RETIREMENT SYSTEM 294.033
TXU RETIREMENT PLAN MASTER TRUST 699.014
CIBC INTERNATIONAL INDEX FUND 203.176
OIL INVESTMENT CORPORATION LTD&OIL CAS INVESTMENT 1.362.765
HSBC BANK (CAYMAN) LIMITED 143.210
AGIRC F1 451.601
FCP HAMELIN DIVERSIFIE PERP 8.500
FCP A.A.-DEXIA-ISR 27.002
WM POOL EQUITIES TRUST NO.34 3.417.790
TUTELAIRE ACTIONS ETHIQUES 73.475
LBPAM ACTIONS ISR MONDE 100.000
CNP ASSURANCES SA 93.903.921
CAAM ACTIONS INTERNATIONALES 455.487
FCP ATOUT PULSACTIONS 2.321.919
ATOUT FRANCE 2.067.894
FCPE DYNAMIQUE JAS HENNESSY & CO 5.481
FCPE AMUNDI RESA ACTIONS EUROPE 177.753
FCPE AMUNDI RESA DYNAMIQUE 316.759
FCPE AMUNDI RESA EQUILIBRE 325.258
FCPE AMUNDI RESA PRUDENT 93.201
A.A.-IDEAM-ISR 62.600
FCP CRN SOGE ACTIONS 250.478
PROTEIN 2 423.909
FCP DRAKKAR 28.12.2011 19.866
FCPE FODIV 64.052
SAFRAN MIXTE 45.515
FCPE IMPACT ISR PERFORMANCE 310.287
FCP GRD 18 6.244.839
FCP RSRC DIVERSIFIE 385.217
FCP RSI EURO P 6.081.200
FCPE SAFRAN DYNAMIQUE 192.288
EGEPARGNE 2 1.600.030
HYDRO ONE PENSION PLAN . 561.040
TDX INDEPENDENCE 2020 EXCHANGETRADED FUND 12.335
ING BM 1 ING FINANCIALS FD 766.401
NORTHERN MARIANA ISLANDS RETIREMENT FUND 200.749
AGENTE:BP2S SINGAPORE/HOUR GLASS INTERNAT SHARE SECTOR TRUST 1.132.065
AGENTE:BP2S SINGAPORE/HOUR GLASS INDEXED INT SHARED SECT TRUST 232.556
AGENTE:BNP PARIBAS 2S-PARIS/FCP VH CAAM ACTIONS 250.000
AGENTE:NORTHERN TRUST -LO/HOUSEHOLD INC. 811.288
AGENTE:NORTHERN TRUST -LO/TAYLOR WOODROW GROUP PEL ASSURANCE 289.452
AGENTE:NORTHERN TRUST -LO/NORTEL NETWORKS LONG-TERM INVESTMENT PLA 370.147
AGENTE:NORTHERN TRUST -LO/HARVEY HUBBELL INC MSTR PENS TRUST 96.327
AGENTE:NORTHERN TRUST -LO/SCHLUMBERGER UK COMMON INVESTM FUND 1.005.705
AGENTE:RBC DEXIA INVESTOR S/AIR LIQUIDE CANADA INC CANAD MASTER TR 201.701
AGENTE:NORTHERN TRUST -LO/MEMPHIS GAS LIGHTEWATER RETIR.EPENSI 334.660
AGENTE:UBS AG -ZURICH/ORGANISATION EUROPEENNE DE RECHERCHE NUCLEAIRE CERN (CAISSE 188.231
DE PENSION)
AGENTE:BP2S SINGAPORE/FUTURE DIRECT CORE INTERN SHARE FUND 2 3.210.000
AGENTE:PICTET & CIE(EUROPE)/CADMOS FUND MANAGEMENT-GUILE EMERGING MARKETS 150.000
ENGAGEMENT FUND
AGENTE:BQUE FEDERATIVE-STR/OTIS EP DIVERSIFIE SOLIDAIRE 84.046
AGENTE:JP MORGAN BANK LUXEM/MORGAN STANLEY INVESTMENT FUNDS 253.609
AGENTE:JP MORGAN BANK LUXEM/JPMORGAN INVESTMENT FUNDS 4.371.473
FCP ERAFP ACTIONS INTERNATIONALES II SSGA 299.990
CAISSE DES DEPOTS ET CONSIGNATION 27.475.069
AGENTE:JP MORGAN CHASE BANK/EMPLOYEES RETIREMENT SYSTEM OF TEXAS. 2.467.192
AGENTE:JP MORGAN CHASE BANK/JEFFREY LLC 581.000
AGENTE:JP MORGAN CHASE BANK/AUSTRALIAN REWARD INVESTMENT ALLIANCE 215.881
AGENTE:JP MORGAN CHASE BANK/TEMPLETON WORLD FUND 17.176.000
pag. 18

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
APG-IS GLOBAL SUSTAINABILITY FUND 159.785
STICHTING BEWAARNEMING APG-IS2 193.645
CIBC BANK AND TRUST COMPANY CAYMAN LIMITED GEORGETOWN 830.800
AGENTE:JP MORGAN CHASE BANK/STATES OF JERSEY PUBLIC EMPLOYEES CONTRIBUTORY 1.088.119
RETIREMENT SCHEME
PUBLIC SCHOOL RETIREMENT SYSTEMOF THE CITY OF ST.LOUIS 292.044
THE CITY OF NEW YORK GROUP TRUST 7.763.809
US BANK BR OMNI PENSION 32.341
US BANK BR OMNITAXABLE 9.313
TDX INDEPENDENCE 2010 EXCHANGETRADED FUND 2.261
TDX INDEPENDENCE INTARGET EXCHANGEDTRADED FUND 5.194
TDX INDEPENDENCE 2040 EXCHANGETRADED FUND 15.830
PICTET NON-US EQUITY OFFSHORE MAST 1.566.493
LIBERTY BANK 94.065
AGENTE:JP MORGAN CHASE BANK/TFL PENSION FUND 1.962.162
AGENTE:BROWN BROTHERS HARR/BBH B FOR TMTBJ RE: MUTB400037270 135.444
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA WEALTH WEIGHTED GLOBAL EQUITIES 349.164
INDEX NL TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA INTERNATIONAL EQUITIES INDEX NL TRUST 203.974
AGENTE:STATE STREET BANK AND TRUST COMPANY/ARCHITAS MULTI-MANAGER (SA) UNIT TRUST 2
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALASKA COMMON TRUST FUND 253.193
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM ASSET ALLOCATION: EQUITY PORTFOLIO 21.018
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE FARM MUTUAL FUND TRUST, 257.555
INTERNATIONAL INDEX FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/MASSMUTUAL SELECT OVERSEAS FUND 512.975
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE STARR FOUNDATION 100.585
AGENTE:STATE STREET BANK AND TRUST COMPANY/SC ALLIANCEBERNSTEIN INTERNATIONAL VALUE 242.068
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/OHIO NATIONAL FUND INC - INTERNATIONAL 210.000
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/WUT42 424.200
AGENTE:STATE STREET BANK AND TRUST COMPANY/LAUDUS MONDRIAN GLOBAL EQUITY FUND 17.493
AGENTE:STATE STREET BANK AND TRUST COMPANY/SCHWAB INTERNATIONAL EQUITY ETF 860.571
AGENTE:STATE STREET BANK AND TRUST COMPANY/SANFORD C. BERNSTEIN GLOBAL STRATEGIC 246.000
VALUE FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN GLOBAL STYLE BLEND 25.100
(CAD HALF-HEDGED) FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN GLOBAL VALUE FUND 310.065
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN INTERNATIONAL VALUE 10.012.070
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/EATON VANCE TAX-MANAGED GLOBAL 2.422.488
BUY-WRITE OPPORTUNITIES FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/EATON VANCE STRUCTURED INTERNATIONAL 7.112
EQUITY FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK TRUST INTERNATIONAL INDEX 2.516.990
TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/FIDELITY INVESTMENT TRUST: FIDELITY SERIES 12.866.700
INTERNATIONAL VALUE
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE UNIVERSITY OF IOWA FOUNDATION 319.820
AGENTE:STATE STREET BANK AND TRUST COMPANY/WELLS FARGOMASTER TRUST DIVERSIFIED 1.176.933
STOCK PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/WELLS FARGO MASTER TRUST INTERNATIONAL 34.858
INDEX PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/BERNSTEIN GLOBAL VALUE EQUITIES TRUST 395.700
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM RETIREMENT ADVANTAGE GAA 90.003
GROWTH PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM RETIREMENT ADVANTAGE GAA 56.872
BALANCE PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM RETIREMENT ADVANTAGE GAA 9.581
CONSERVATIVE PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM RETIREMENT ADVANTAGE GAA EQUITY 21.358
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/METZLER INVESTMENT GMBH FOR MI-FONDS 415 2.526.811
AGENTE:STATE STREET BANK AND TRUST COMPANY/ELLEN MORRIS FAMILY NOMINEE AGREEMENT A 1.940
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE HARTFORD DIVERSIFIED INTERNATIONAL 7.855
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM TOTAL RETURN FUND, LLC 88.463
AGENTE:STATE STREET BANK AND TRUST COMPANY/WHOLESALE GLOBAL EQUITY - VALUE FUND 4.005.400
AGENTE:STATE STREET BANK AND TRUST COMPANY/PACIFIC SELECT FUND INTERNATIONAL VALUE 7.409.665
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/GREYSTONE EAFE QUANTITATIVE FUND 2.114.494
AGENTE:STATE STREET BANK AND TRUST COMPANY/CHEVRON MASTER PENSION TRUST 581.400
AGENTE:STATE STREET BANK AND TRUST COMPANY/MASSMUTUAL SELECT DIVERSIFIED 631.050
INTERNATIONAL FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/SANFORD C. BERNSTEIN FUND, INC. - OVERLAY A 469.100
pag. 19

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN COLLECTIVE INVESTMENT 3.871.201
TRUST SERIES
AGENTE:STATE STREET BANK AND TRUST COMPANY/WHOLESALE GLOBAL EQUITY - INDEX FUND 328.699
(UNHEDGED)
AGENTE:STATE STREET BANK AND TRUST COMPANY/MUNDER INTERNATIONAL EQUITY FUND 128.951
AGENTE:STATE STREET BANK AND TRUST COMPANY/NORTHROP GRUMMAN CORPORATION VEBA 30.314
MASTER TRUST I
AGENTE:STATE STREET BANK AND TRUST COMPANY/DESJARDINS GLOBAL EQUITY VALUE FUND 588.700
AGENTE:STATE STREET BANK AND TRUST COMPANY/KAISER FOUNDATION HOSPITALS 1.125.420
AGENTE:STATE STREET BANK AND TRUST COMPANY/KAISER PERMANENTE MASTER TRUST 627.983
AGENTE:STATE STREET BANK AND TRUST COMPANY/SANFORD C. BERNSTEIN FUND, INC. - 5.131.555
INTERNATIONAL PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/BAXTER INTERNATIONAL INC. AND SUBSIDIARIES 678.840
PENSION TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK LIFE AND HEALTH INSURANCE 429.744
COMPANY
AGENTE:STATE STREET BANK AND TRUST COMPANY/VALIC COMPANY I - INTERNATIONAL EQUITIES 422.698
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/VALIC COMPANY I-INTERNATIONAL GROWTH I 1.034.850
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK CDN MSCI EAFE INDEX PLUS FUND 752.156
AGENTE:BANK OF IRELAND -DU/NEW IRELAND ASSURANCE CO PLC 181.220
AGENTE:NORTHERN TR GLB SERV/STICHTING PENSIOENFONDS SDB 168.965
AGENTE:NORTHERN TR GLB SERV/HAMPSHIRE COUNTY COUNCIL PENSION FD 1.420.920
AGENTE:NORTHERN TRUST -LO/UNILEVER UK PENSION FUND 31.740
AGENTE:NORTHERN TRUST -LO/BELLSOUTH ADVERTISING AND PUBLISHING 16.100
AGENTE:NORTHERN TRUST -LO/CHICAGO TRANSIT AUTHORITY RETIREE HEALTH 183.704
AGENTE:NORTHERN TRUST -LO/CLEARWATER INTERNATIONAL FUND 251.615
AGENTE:NORTHERN TRUST -LO/GRIFFIN FAMILY TRUST 36.890
AGENTE:NORTHERN TRUST -LO/JOANNE COTSEN TRUST B 10.353
AGENTE:NORTHERN TRUST -LO/MACKENZIE 1995 TRUST DTD JULY 21, 1995 45.000
AGENTE:NORTHERN TRUST -LO/STEPHAN J. GEBERT 48.414
AGENTE:NORTHERN TRUST -LO/VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIAT 46.509
AGENTE:NORTHERN TRUST -LO/1982 SMITH TRUST 78.841
AGENTE:NORTHERN TRUST -LO/HASLAM FAMILY INVESTMENT PARTNERSHIP 46.500
AGENTE:NORTHERN TRUST -LO/MUNICIPAL EMP ANNUITY E BEN FD CHICA 263.245
AGENTE:NORTHERN TRUST -LO/CITY OF AUSTIN EMPLOYEES RETIR SYSTE 544.020
AGENTE:NORTHERN TRUST -LO/INCOME TRUST: FIDELITY S GLOBAL EX US I 250.383
AGENTE:NORTHERN TRUST -LO/THE ONEIDA TRIBE OF INDIANS OF WISCONSIN 13.540
AGENTE:NORTHERN TRUST -LO/RONALD AND JOYCE NELSON 27.800
AGENTE:NORTHERN TRUST -LO/RBS LEGAL E GENERAL INTL INDEX TRUST 235.083
AGENTE:NORTHERN TRUST -LO/EMERSON ELECTRIC UK PENSION PLAN 186.550
AGENTE:NORTHERN TRUST -LO/GEORGE WIMPEY STAFF PENSION SCHEME 147.105
AGENTE:NORTHERN TRUST -LO/MOLINS UK PENSION FUND 59.640
AGENTE:NORTHERN TRUST -LO/THE QINETIQ PENSION SCHEME 349.045
AGENTE:RBC DEXIA INVESTOR S/ALGOMA STEEL INC MASTER TRUST II 343.600
AGENTE:RBC DEXIA INVESTOR S/ALBERTA TEACHERS RETIREMENT FUND BRD 972.623
AGENTE:RBC DEXIA INVESTOR S/THE AMERICAN FED OF M&E PENS WELF FD 253.700
AGENTE:RBC DEXIA INVESTOR S/PENSION PLAN FOR EMPL BRIST MAYER SQUIBB 43.700
AGENTE:RBC DEXIA INVESTOR S/BOMBARDIER TRUST(CANADA) GLOBAL EQUIT FU 237.800
AGENTE:RBC DEXIA INVESTOR S/DIAGEO CANADA INC 126.800
AGENTE:RBC DEXIA INVESTOR S/DOFASCO SUPPLEMENTARY RET INCOME PL 913.700
AGENTE:RBC DEXIA INVESTOR S/THE GREAT-WEST LIFE ASSURANCE COMPAN 465.323
AGENTE:RBC DEXIA INVESTOR S/REGIME DE RETRAITE D HYDRO QUEBEC 301.600
AGENTE:RBC DEXIA INVESTOR S/CCEL GLOBAL FINANCIALS FUND II 193.128
AGENTE:RBC DEXIA INVESTOR S/MANULIFE INTERNATIONAL EQUITY (83) 542.637
AGENTE:RBC DEXIA INVESTOR S/MANULIFE INTERNATIONAL EQUITY INDEX FUND 139.246
AGENTE:RBC DEXIA INVESTOR S/COPERNICAN WORLD BANKS SPLIT INC 60.000
AGENTE:RBC DEXIA INVESTOR S/COPERNICAN INTERNATIONAL FINANCIAL SPLI 170.000
AGENTE:RBC DEXIA INVESTOR S/ABR POLICIERS DE LA VILLE MONTREAL 306.353
AGENTE:RBC DEXIA INVESTOR S/THE PHYSICIAN SERVICES INCORPORATED FOUN 78.037
AGENTE:RBC DEXIA INVESTOR S/PUBLIC EMPLOYEES PENSION PLAN 164.910
AGENTE:RBC DEXIA INVESTOR S/CCC REG DE CADRES DE LA VILLE MONTREAL 618.766
AGENTE:RBC DEXIA INVESTOR S/UNIVERSITY OF VICTORIA FOUNDATION 124.000
AGENTE:BNP PARIBAS 2S-PARIS/OFI LEADER 871.084
AGENTE:BNP PARIBAS 2S-PARIS/FCP NF COLLINES IN 1.621.032
AGENTE:BNP PARIBAS 2S-PARIS/FCP AIR FRANCE IFC 68.368
AGENTE:BNP PARIBAS 2S-PARIS/ELECTRIC & GENERAL INVESTMENT TRUST 1.891.651
AGENTE:BP2S LUXEMBOURG/BPI GLOBAL INVESTMENT FUND 216.114
AGENTE:MIZUHO TRUST BKG-LUX/TRUST E CUSTODY SERVICES BANK LTD 7.473.919
AGENTE:SUMITOMO TRUST&BANKG/JAPAN TRUSTEE SERVICES BANK,LTD INV.FUND 96.646
AGENTE:BP2S SINGAPORE/AUSTRALIAN GOVERNMENT EMPL SUPERAN TRUS 433.600
AGENTE:BNP PARIBAS 2S-PARIS/HENDERSON GLOBAL FINANCIAL FUND 682.266
pag. 20

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
AGENTE:HSBC BANK PLC/GARTMORE EUROPEAN SELECTED OPPORTUNI 4.844.390
AGENTE:HSBC BANK PLC/FRIENDS PROVIDENT PENSIONS LIMITED 1.399.336
RICHIEDENTE:CBNY, S/A WILMINGTON MUL INT FUND/WILMINGTON MULTI MANAGER 46.703
INTERNATIONAL FUND
RICHIEDENTE:CBLDN S/A CIP-DEP AVIVA INVESTORS NORWICH UNION/AVIVA INVESTORS BALANCED 37.655
MANAGED FUND
SKANDINAVISKA ENSKILDA BANKEN SA 1.620.676
AGENTE:JP MORGAN CHASE BANK/SCHRODER GLOBAL DYNAMIC BLEND FUND 950.311
AGENTE:JP MORGAN CHASE BANK/BLACKROCK ASSET MANAGEMENT PENSIONS LIMITED 1.398.966
AGENTE:JP MORGAN CHASE BANK/SCHRODER DIVERSIFIED GROWTH FUND 712.244
AGENTE:JP MORGAN CHASE BANK/NATIONWIDE INTERNATIONAL VALUE FUND 622.395
AGENTE:JP MORGAN CHASE BANK/SCHRODER QEP GLOBAL CORE FUND 672.019
PENSIONSKASSERNES ADMINISTRATION AS 502.253
AFFINITY HEALTH SYSTEM RETIREMENT PLAN 58.015
ONTARIO PENSION BOARD . 1.198.800
PROMEDICA HEALTH SYSTEM . 216.795
VIRGINIA RETIREMENT SYSTEM . 6.365.027
EDUCATIONAL EMPLOYEES` SUPP. RET. SYSTEM OF FAIRF 571.865
TEXAS EDUCATION AGENCY . 3.822.185
ONTARIO POWER GENERATION INC . 554.810
RUSSELL OVERSEAS EQUITY FUND . 1.078.200
TEACHERS` RETIREMENT ALLOWANCESFUND 541.408
PUROLATOR COURIER LTD. MASTER TRUST FUND 218.700
EAFE EQUITY FUND . 981.218
UBS CANADA DYNAMIC ALPHA STRATEGY FUND 10.986
REVISED PENSION PLAN OF QUEEN`SUNIVERSITY 19.602
GOLDMAN SACHS FOUNDATION . 132.149
ACHMEA UNIT LINKED BELEGGINGSFONDSEN 349.080
STICHTING PENSIOENFONDS VAN DE ABN AMBRO BANK N.V. 3.001.970
GOODRICH (UK) PENSION SCHEME 201.780
DERBYSHIRE COUNTY COUNCIL SUPERANNUATION FUND 3.734.098
DOW UK PENSION PLAN . 91.315
AN POST SUPERANNUATION SCHEME . 453.967
OXFORDSHIRE COUNTY COUNCIL PENSION FUND 842.000
SOMERSET COUNTY COUNCIL PENSIONFUND 445.896
WOLSELEY GROUP RETIREMENT BENEFITS PLAN 235.370
RAVGDT DIVERSIFIE I ALLIANZ GLOBAL INVES 400.000
FCP VILLIERS DIVERSIFIE AMUNDI 1.645.737
GRD IFC 97 239.665
CAAM ACTIONS RESTRUCTURATIONS 621.169
GRD 3 885.399
SICAV AMUNDI ACTIONS EUROPE ASIE 350
SICAV AMUNDI SELECT FRANCE 1.605.709
GRD ACTIONS ZONE EURO 289.808
FCP AMUNDI INDEX USA 3.442
ATOUT MODERACTIONS 1.696.714
FCPE AMUNDI RESA ESG ACTIONS EURO 1.362.781
FCP ALTIBEST 422.249
FCP GRD 19 77.690
I.P.I.E.E.S. 58.580
FCP LCL GARANTI 100 426.427
FCP EXPANSIA 2 25.512.480
FCP MATMUT ACTIONS EURO 800.000
UFF TEMPO PEA 895.019
COVEA FINANCE CROISSANCE 184.000
BOISSY ORIZON DURABLE 29.620
FCP COVEA FINANCE ACTIONS EUROPE INSTIT II 5.182.773
FCP REUNICA UB3 2.743.558
AA UBS ACTIONS EURO 5.490.452
FCP BOURBON 8 664.170
FCP COVEA FINANCE ACTI EUROPE 429.220
CROISSANCE DIVERSIFIE 6.964
FCP NATIXIS IONIS 91.951
FCP CNP GGR 96.721
FCPE FCP REGULIER AIR LIQUIDE DEVELOPPEMENT 16.986
FCPE NATIXIS AVENIR MIXTE SOLIDAIRE 12.945
STRUCTURA-ASYMMETRY EUROPE EQUITIES 154.868
STRUCTURA - SMART EURO EQUITIES 31.380
MULTILATERAL INVESTMENT GUARANTEE AGENCY 27.157
GVC GAESCO VALORES SV SA 146.875
NORTHWEST NATURAL GAS COMPANY RETIREMENT TRUST 43.010
PRINCIPAL FUNDS INC-DIVERSIFIED INTERNATIONAL FUND 3.418.702
AXA BELGIUM 224.323
AVIVA UKGI INVESTMENTS LIMITED 866.402
pag. 21

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
DESERET HEALTHCARE EMPLOYEE BENEFIT TRUST 10.200
INTERNATIONAL TRUCK AND ENGINE CORPORATIONRETIREE SUPPLEMENTAL BENEFIT TRUST 243.650
PRINCIPAL FUNDS INC- INTERNATIONAL GROWTH FUND 205.383
PNC BANK N.A. 25.720
PRINCIPAL VARIABLE CONTRACTS FUNDS INC- INTERNATIONAL EMERGING MARKETS ACCOUNT 912.543
TEMPLETON GLOBAL INVESTMENT TRUST TEMPLETON INCOME FUND 2.563.505
CONSTRUCTION AND BUILDING UNIONS SUPERANNUATION FUND 532.057
MASTER INVESTMENT TRUST FOR DEFINED BENEFIT PLANS OF HAWAIIAN AIRLINES INC 161.990
ING GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND 89.687
AK STEEL CORPORATION MASTER PENSION TRUST 86.663
NON-US EQUITY MANAGERS PORTFOLIO 1 SERIES 575.603
THE PRUDENTIAL INVESTMENT PORTFOLIOS INCDRYDEN ACTIVE ALLOCATION 20.383
BNYMTD (UK) LTDAS TSTEE OF CF CANLIFE EUROPEAN UNIT TRUST 1.728.846
BNYMTD (UK) LTD AS TSTEE OF CF CANLIFE INTERNATIONAL GROWTH UNIT 911.152
WISDOMTREE DEFA FUND 278.958
WISDOMTREE INTERNATIONAL LARGECAP DIVIDEND 162.250
THE ACCBANK DEFINED BENEFIT PENSION SCHEME 181.930
WINCANTON PLC PENSION SCHEME 67.195
PS FTSE RAFI DEVEL MAR EXUS PORT 751.975
TDX INDEPENDENCE 2030 EXCHANGE TRADED FUND 20.155
POWERSHARES GLOBAL FUNDS IRELAND PUBLIC LIMITED COMPANY 469.710
WALTER E. DISNEY FAMILY TRUST UNDER WILL 50.899
WISDOMTREE INTERNATIONAL HEDGEDEQUITY FUND 12.597
INVESCO PERPETUAL EUROPEAN EQUITY INCOMETRUST 743.106
INVESCO PERPETUAL EUROPEAN HIGHINCOME FUND 52.177
INVESCO PERPETUAL EUROPEAN EQUITY FD 10.485.737
MACOMB COUNTY EMPLOYEES RETIREMENT SYSTEM 79.543
ING EURO STOXX 50 INDEX PORTFOLIO 5.059.042
INVESCO FUNDS SERIES 482.319
UNIPENSION INVEST FMBA EUROPAEISKE AKTIER 1.085.297
UNIPENSION INVEST FMBA GLOBAL AKTIER II 352.323
PRINCIPAL FUNDS INC.-INTERNATIONAL EQUITY INDEX FUND 550.632
STATE PUBLIC SECTOR SUPERANNUATION SCHEME 2.579.059
AQR GLOBAL ENHANCED EQUITY FUND 26.481
VICTORIAN MANAGED INSURANCE AUTHORITY 99.600
GOLDMAN SACHS INSTITUTIONAL FUNDS PLC 126.853
ING FUNDS SERVICES, LLC 43.443
AMUNDI LUXEMBOURG 3.166.799
SUN TRUST BRANDES SUN TRUST BANKS 250.255
THE NORTHWESTERN MUTUAL LIFE INS.COMPANY GASA EQUITY 273.141
THE NORTHWESTERN MUTUAL LIFE INS.COMPANY FOREIGN EQUITY 844.588
NORTHWESTERN MUTUAL SERIES FUND INC INT. GROWTH PORTFOLIO 922.591
NORTHWESTERN MUTUAL SERIES FUND INC INT EQUITY PORTFOLIO 2.143.121
NATIXIS AM 2.229.125
FIRST INVESTORS GLOBAL FUND INC 50.961
GLOBAL FINANCIAL SERVICES MASTER TRUST 163.400
MERRILL LYNCH GLOBAL ALLOCATION FUND INC 26.025.120
PICTET INTERNATIONAL EQUITY FUND LLC 2.024.081
WOE ALLIANCE BERNSTEIN 78.600
METROPOLE DIVERSIFIE METROPOLEGESTION 2.000.000
ACMBERNSTEIN FCP 669.500
SOCIETE GENERALE GESTION 1.242.122
TT INTERNATIONAL FUNDS PLC TT EUROPE EX UK EQUITY FUND 3.636.325
MERRILL LYNCH GLOBAL ALLOCATION FUND 307.180
MERRILL LYNCH GLOBAL ALLONCATION FUND 4.273.470
ACM GLOBAL INVESTMENTS GLOBAL WEALTH STRATEGY GLOBAL C PORT. 4.995.988
MERRILL LYNCH INVESTMENT MANAGERS 1.130.880
SEI TT INTERNATIONAL EUROPE EX UK EQUITY POOL 2.598.624
SEI JP MORGAN INTERNATIONAL EUROPE EX UK EQUITY POOL 3.150.000
EPARGNE RETRAITE INTERNATIONAL 683.057
TT INTERNATIONAL FUNDS PLC TT EUROPEAN EQUITY FUND 394.247
AGIF 200.000
ACMGI EUROPEAN VALUE 632.769
CHILDREN S HEALTHCARE OF ATLANCA INC 405.763
HARTFORD INTERNATIONAL GLOBAL EQUITY EX J. INDEX FUND 1.396.313
OFI FLEX CO OFI ASSET MANAGEMENT 413.771
JANUS CAPITAL FUND PLC JANUS EUROPEAN RESEARCH FUND 45.783
OFI AM 254.431
MASS MUTUAL SELECT GLOBAL ALLOCATION FUND 288.580
ABEX LIMITED 60.075
AGENTE:JP MORGAN CHASE BANK/AVIVA STAFF PENSION TRUSTEE LIMITED AS TRUSTEE OF AVIVA 162.939.698
STAFF PENSION SCHEME
AGENTE:DANSKE BANK S/A/LPIP, AKT EUROPA II(INDEKSPORTEF C/O NYKREDIT PORTEFOLJE ADM. A/S 1.426.190
AGENTE:DANSKE BANK S/A/LPI AKTIER EUROPA C/O NYKREDIT PORTEFOLJE ADM. A/S 71.704
pag. 22

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
AGENTE:DANSKE BANK S/A/LPIP, AKT GLOBALE II(AKTIV FOR C/O NYKREDIT PORTEFOLJE ADM. A/S 327.839
AGENTE:DANSKE BANK S/A/LPI AKTIER GLOBALE V C/O NYKREDIT PORTEFOLJE ADM. A/S 37.445
AGENTE:DANSKE BANK S/A/F.M.B.A.PENSION EQUITY INVEST I C/O OPERATIONS 112.053
AGENTE:BROWN BROTHERS HARR/HONG KONG JOCKEY CLUB CHARITIES TRUST-WE 37.853
AGENTE:BROWN BROTHERS HA-LU/WELLINGTON MNGMNT PORTFOLIOS GLB CONTRAR 67.735
AGENTE:BROWN BROTHERS HA-LU/WELLINGTON MNGMT PORTF LUX III DIVERSIFI 26.070
AGENTE:BROWN BROTHERS HA-LU/F+C FUND 1.696.697
AGENTE:BROWN BROTHERS HA-LU/ING DIRECT 250.753
AGENTE:BROWN BROTHERS HARR/FPP GLOBAL ENDEAVOUR DEVELOPED MARKETS F 2.449
AGENTE:BROWN BROTHERS HARR/PYRAMIS GLOBAL EX US INDEX FUND LP 230.320
AGENTE:BROWN BROTHERS HARR/SCHWAB FUNDAMENTAL INTER LARGE COMP IN FUND 1.072.961
AGENTE:BROWN BROTHERS HARR/NATIONAL AUTOMATIC SPRINKLER INDUSTRY PENSION FUND 519.485
(TRILOGY)
AGENTE:BROWN BROTHERS HARR/3 TO 1 DIVERSIFIED EQUITY FUND 141.207
AGENTE:BROWN BROTHERS HARR/HUNTINGTON NATIONAL BANK INTERN EQ FUND 1.100.000
AGENTE:BNP PARIBAS 2S-PARIS/FCPE MULTIPAR ACTS SR 266.775
AGENTE:BNP PARIBAS 2S-PARIS/PRADO ACTIONS 1.967.789
AGENTE:BNP PARIBAS 2S-PARIS/ETHIS VALEURS 474.835
AGENTE:BNP PARIBAS 2S-PARIS/ETHIS VITALITE` 44.952
AGENTE:BNP PARIBAS 2S-PARIS/MULTIPAR SOLIDAIRE DYNA SR 168.139
AGENTE:BNP PARIBAS 2S-PARIS/OMEGA DIVERISFIE 118.362
AGENTE:BNP PARIBAS 2S-PARIS/OFI NEMO 1.400.000
AGENTE:BNP PARIBAS 2S-PARIS/OFI CIBLE 1.586.400
AGENTE:BNP PARIBAS 2S-PARIS/ALPHA DIVERSIFIE 70.911
AGENTE:BPSS -FRANKFURT/WIN FONDS III 397.900
AGENTE:BP2S LUXEMBOURG/CSA L EQUITY WORLD 2.647
AGENTE:BP2S SINGAPORE/INSURANCE COMMISSION OF WETERN AUSTRALIA 66.777
AGENTE:BQUE FEDERATIVE-STR/FCP SCORE SAXE 10.000
AGENTE:BQUE FEDERATIVE-STR/FCP ES DYNAMIQUE 598.287
AGENTE:BQUE FEDERATIVE-STR/FCP SUD EST ELITE EQUILIBRE 40.000
AGENTE:BQUE FEDERATIVE-STR/FCP SUD EST ELITE DYNAMISME 60.000
AGENTE:BQUE FEDERATIVE-STR/FCP PERRIER INVESTISSEMENT 10.000
AGENTE:BQUE FEDERATIVE-STR/FCP GESTION VALEUR MOBILIERE 10.000
AGENTE:BQUE FEDERATIVE-STR/FCP GESTION SECURITE DYNAMISME 30.000
AGENTE:BQUE FEDERATIVE-STR/FCP COMTE 20.000
AGENTE:JP MORGAN CHASE BANK/HELABA INVEST KAPITALANLAGENG ESELLSCHAFT MBH 100
AGENTE:NORTHERN TRUST -LO/MARY K MC QUISTON MCCAW 13.900
AGENTE:NORTHERN TRUST -LO/THE MASTER TRUST BANK OF JAPAN 90.257
AGENTE:NORTHERN TRUST -LO/NT GLOBAL INVESTMENT COLL FUNDS 16.246.312
AGENTE:NORTHERN TRUST -LO/THE HY-VEE AFFILIATES 401 K PLAN 144.224
AGENTE:NORTHERN TRUST -LO/EDWARD E ANNA MITCHELL FAMILY FOUNDA 1.500
AGENTE:NORTHERN TRUST -LO/CABLE & WIRELESS RETIREMENT PLAN 54.113
AGENTE:NORTHERN TRUST -LO/STICHTING PENSIOENFONDS VAN DE METALEKTR 346.892
AGENTE:NORTHERN TRUST -LO/LONDON BOROUGH OF LEWISHAM PENSION 609.040
AGENTE:NORTHERN TRUST -LO/EXELON CORPORATION PENSION MASTER RETIRE 310.692
AGENTE:NORTHERN TRUST -LO/EMPLOYEES RET FUND - CITY OF DALLAS 597.677
AGENTE:NORTHERN TRUST -LO/UFCW LOCAL 152 RETAIL MEAT PENSION FD 93.351
AGENTE:NORTHERN TRUST -LO/INTERNATIONAL EQUITY PARTNERS 140.313
AGENTE:NORTHERN TRUST -LO/NORTHERN TRUST NON-UCITS COMMON CONTRACT 18.428
AGENTE:NORTHERN TRUST -LO/FIDELITY INVEST INTL VALUD FD 488.009
AGENTE:NORTHERN TRUST -LO/FIDELITY ADVISOR SERIES VIII: FIDELITY ADVISOR OVERSEAS FUND 1.621.394
AGENTE:NORTHERN TRUST -LO/PENSION PLAN TRUST FUND 852.554
AGENTE:UBS LUXEMBOURG SA/UBS FUND MANAGEMENT (LUXEMBOURG) S.A. 36.606.214
AGENTE:UBS LUXEMBOURG SA/UBS (LUX) EQUITY FUND - EURO COUNTRIES 14.407.864
AGENTE:UBS LUXEMBOURG SA/UBS (LUX) EQUITY SICAV 2.323
AGENTE:UBS LUXEMBOURG SA/UBS (LUX) STRATEGY FUND 224.859
AGENTE:UBS LUXEMBOURG SA/UBS FUND MANAGEMENT (LUXEMBOURG) S.A 123.020
AGENTE:UBS LUXEMBOURG SA/UBS (LUX) STRATEGY XTRA SICAV 139.066
AGENTE:NORTHERN TR GLB SERV/SYNTRUS ACHMEA MULTI MANAGER POOL EUROPE 1.733.282
AGENTE:JP MORGAN CHASE BANK/THE MASTER TRUST BANK OF JAPAN, LTD AS TRUSTEE FOR 14.769
MORGAN STANLEY DEVELOPED
AGENTE:JP MORGAN CHASE BANK/JAPAN TRUSTEE SERVICES BANK LTD AS TRUST 1.173.293
AGENTE:JP MORGAN CHASE BANK/RETIREMENT PLAN FOR EMPLOYEES OF AETNA I 786.905
AGENTE:JP MORGAN CHASE BANK/VINSON & ELKINS LLP RETIREMENT PLANS MAS 48.477
AGENTE:JP MORGAN CHASE BANK/JPMORGAN INTERNATIONAL VALUE SMA FUND 2.810.688
AGENTE:JP MORGAN CHASE BANK/SMA RELATIONSHIP TRUST-SERIES A 11.590
AGENTE:JP MORGAN CHASE BANK/AMERICAN SAFETY RAZOR COMPANY MASTER TRU 76.015
AGENTE:JP MORGAN CHASE BANK/SCHRODER INTERNATIONAL DIVERSIFIED VALUE 6.271
AGENTE:JP MORGAN CHASE BANK/WINDSTREAM MASTER TRUST 128.700
AGENTE:JP MORGAN CHASE BANK/GENERAL CABLE CORPORATION MASTER RETIREM 32.000
AGENTE:JP MORGAN CHASE BANK/PUBLIC EMPLOYEES RETIREMENT ASSOCIATION 277.929
AGENTE:JP MORGAN CHASE BANK/COMMINGLED PENSION TRUST FUND (GLOBAL OP 609.757
AGENTE:JP MORGAN CHASE BANK/BOMBARDIER TRUST U.S. MASTER TRUST 222.740
AGENTE:JP MORGAN CHASE BANK/RETIREMENT INCOME PLAN OF SAUDI ARABIAN 138.678
pag. 23

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
AGENTE:JP MORGAN CHASE BANK/PENN SERIES DEVELOPED INTERNATIONAL INDE 67.994
AGENTE:JP MORGAN CHASE BANK/JPMORGAN INTERNATIONAL OPPORTUNITIES PLU 15.495
AGENTE:JP MORGAN CHASE BANK/UBS MARKET NEUTRAL MULTI-STRATEGY FUND 8.433
AGENTE:JP MORGAN CHASE BANK/ENTERGY SERVICES INC. RETIREMENT PLANS M 77.404
AGENTE:JP MORGAN CHASE BANK/WEST SUBURBAN RETIREMENT INCOME PLAN 9.321
AGENTE:JP MORGAN CHASE BANK/RESURRECTION HEALTH CARE PENSION PLAN 39.980
AGENTE:JP MORGAN CHASE BANK/RESURRECTION HEALTH CARE 69.619
AGENTE:JP MORGAN CHASE BANK/GLORYA KAUFMAN MARITAL TRUST 12.922
AGENTE:JP MORGAN CHASE BANK/GENTLENESS LLC 14.855
AGENTE:JP MORGAN CHASE BANK/MMA PRAXIS INTERNATIONAL INDEX FUND 14.781
AGENTE:JP MORGAN CHASE BANK/GRAND LODGE OF PENNSYLVANIA CONSOLIDATED 281.507
AGENTE:JP MORGAN CHASE BANK/F&C INSTITUTIONAL INVESTMENT FUNDS ICVC 1.839.153
AGENTE:JP MORGAN BANK LUXEM/JPMORGAN FUNDS EUROPE DYNAMIC SMALL CAP FUND 317.952
AGENTE:JP MORGAN BANK LUXEM/JPMORGAN TOKYO FUND, FCP 2.811.070
AGENTE:JP MORGAN BANK LUXEM/SCHRODER INTERNATIONAL SELECTION FUND 4.842.644
AGENTE:JP MORGAN BANK IRELA/SANLAM UNIVERSAL FUNDS PUBLIC LIMITED CO 19.775
AGENTE:JP MORGAN BANK IRELA/VANGUARD INVESTMENT SERIES, PLC 1.265.038
AGENTE:JP MORGAN CHASE BANK/SHELL TRUST (BERMUDA) LTD AS TRUSTEE OF THE SHELL OVERSEAS 200.944
C.P. FUND
AGENTE:JP MORGAN CHASE BANK/INTECH INTERNATIONAL SHARES HIGH OPPORTU 259.345
AGENTE:JP MORGAN CHASE BANK/UBS EUROPEAN EQUITY FUND 1.494.277
AGENTE:JP MORGAN CHASE BANK/UBS DYNAMIC ALPHA STRATEGIES MASTER FUND 389.809
AGENTE:JP MORGAN CHASE BANK/LABOR PENSION FUND SUPERVISORY COMMITTEE 224.980
AGENTE:JP MORGAN CHASE BANK/ROCKEFELLER & CO., INC 1.187.520
AGENTE:JP MORGAN CHASE BANK/CAYMAN ISLANDS CHAMBER OF COMMERCE PENSI 60.775
AGENTE:JP MORGAN CHASE BANK/AXA OFFSHORE MULTIMANAGER FUNDS TRUST - 22.295
AGENTE:JP MORGAN CHASE BANK/FIDUCIARY TRUST COMPANY INTERNATIONAL AS 112.002
AGENTE:JP MORGAN CHASE BANK/SAMPENSION INVEST AFDELING GLOBAL AKTIEN 732.202
AGENTE:JP MORGAN CHASE BANK/BANKING & PAYMENTS AUTHORITY OF TIMOR-LE 187.181
AGENTE:JP MORGAN CHASE BANK/LABOR PENSION FUND SUPERVISORY COMMITTEE-LABOR 98.395
RETIREMENT FUND
AGENTE:JP MORGAN CHASE BANK/BUREAU OF LABOR INSURANCE 76.028
AGENTE:JP MORGAN CHASE BANK/SIJOITUSRAHASTO ALFRED BERG GLOBAL 262.516
AGENTE:JP MORGAN CHASE BANK/THE TRUSTEE FOR INTERNATIONAL EQUITIES S 1
AGENTE:JP MORGAN CHASE BANK/AUSTRALIAN CAPITAL TERRITORY DEPARTMENT 258.800
AGENTE:JP MORGAN CHASE BANK/THE MASTER TRUST BANK OF JAPAN, LTD. AS 70.012
AGENTE:JP MORGAN CHASE BANK/JPMORGAN INTREPID INTERNATIONAL FUND 236.050
AGENTE:JP MORGAN CHASE BANK/QUEENSLAND LOCAL GOVERNMENT SUPERANNUATI 312.000
AGENTE:JP MORGAN CHASE BANK/AVIVA INVESTORS MANAGED FUND ICVC - DIVERSIFIED STRATEGY 107.389
FUND
AGENTE:JP MORGAN CHASE BANK/FAMANDSFORENINGEN PENSAM INVEST PSI 10 G 318.708
AGENTE:JP MORGAN CHASE BANK/COMMINGLED PENSION TRUST FUND (EAFE EQUI 1.716.843
AGENTE:JP MORGAN CHASE BANK/COMMINGLED PENSION TRUST FUND (EAFE RESE 124.177
AGENTE:JP MORGAN CHASE BANK/EQ ADVISORS TRUST ALLIANCEBERNSTEIN INTL 5.717.296
AGENTE:JP MORGAN CHASE BANK/THE BOEING COMPANY EMPLOYEE RETIREMENT P 82.900
AGENTE:JP MORGAN CHASE BANK/AXA PREMIER VIP TRUST - MULTIMANGER INTE 901.185
AGENTE:JP MORGAN CHASE BANK/JPMORGAN INTERNATIONAL OPPORTUNITIES FUN 1.083.360
AGENTE:JP MORGAN CHASE BANK/JPMORGAN INTERNATIONAL VALUE FUND 8.720.507
AGENTE:JP MORGAN CHASE BANK/T ROWE PRICE INTERNATIONAL INDEX FUND, I 572.822
AGENTE:JP MORGAN CHASE BANK/FRANKLIN TEMPLETON VARIAB. INSURANCE 10.439.019
AGENTE:JP MORGAN CHASE BANK/STATE OF CALIFORNIA MASTER TRUST 901.930
AGENTE:JP MORGAN CHASE BANK/MUNICIPAL POLICE EMPLOYEES RETIREMENT SY 534.620
AGENTE:JP MORGAN CHASE BANK/NVIT MULTI-MANAGER INTERNATIONAL VALUE F 1.309.615
AGENTE:JP MORGAN CHASE BANK/COMMINGLED PENSION TRUST FUND (INTERNATI 1.001.019
AGENTE:JP MORGAN CHASE BANK/DOW EMPLOYEES PENSION PLAN TRUST 108.865
AGENTE:JP MORGAN CHASE BANK/UBS DYNAMIC ALPHA FUND 231.648
AGENTE:JP MORGAN CHASE BANK/UNION CARBIDE EMPLOYEES` PENSION PLAN 53.350
AGENTE:JP MORGAN CHASE BANK/AGERE SYSTEMS INC. PENSION PLANS MASTER 390.405
AGENTE:JP MORGAN CHASE BANK/YOUNG MENS CHRISTIAN ASSOC. RETIR FD 815.275
AGENTE:JP MORGAN CHASE BANK/COMMINGLED INTREPID INTL JPMORGAN CHASE 259.084
AGENTE:JP MORGAN CHASE BANK/JNL/MELLON CAPITAL MANAGEMENT INTERNATIO 1.471.058
AGENTE:JP MORGAN CHASE BANK/JNL/JPMORGAN INTERNATIONAL VALUE FUND 2.910.649
AGENTE:JP MORGAN CHASE BANK/EQ ADVISORS - AXA TACTICAL MANAGER INTER 788.154
AGENTE:JP MORGAN CHASE BANK/RIVERSOURCE VARIABLE SERIES TRUST - VARI 6.272.000
AGENTE:JP MORGAN CHASE BANK/RIVERSOURCE INTERNATIONAL MANAGERS SERIE 1.604.625
AGENTE:JP MORGAN CHASE BANK/STATE OF WYOMING, WYOMING STATE TREASURE 525.687
AGENTE:JP MORGAN CHASE BANK/STATE OF INDIANA, PUBLIC EMPLOYEES` RETI 852.706
AGENTE:JP MORGAN CHASE BANK/GOLDMAN SACHS TRUST - GOLDMAN SACHS INTE 113.009
AGENTE:JP MORGAN CHASE BANK/GOLDMAN SACHS TRUST- GOLDMAN SACHS INTER 593.429
AGENTE:JP MORGAN CHASE BANK/GOLDMAN SACHS VARIABLE INSURANCE TRUST- 1.683.952
AGENTE:JP MORGAN CHASE BANK/GOLDMAN SACHS TRUST-GOLDMAN SACHS CONCEN 1.472.893
AGENTE:JP MORGAN CHASE BANK/GOLDMAN SACHS TRUST - GOLDMAN SACHS STRUCTURED 2.473.573
INTERNATIONAL TAX-MANAGED EQUITY
AGENTE:JP MORGAN CHASE BANK/SCHRODER QEP GLOBAL ACTIVE VALUE FUND 1.126.916
pag. 24

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
AGENTE:JP MORGAN CHASE BANK/THE MASTER TRUST BANK OF JAPAN LTD AS TRUSTEE FOR 13.226.807
MUTB400045794 11-3
AGENTE:JP MORGAN CHASE BANK/THE MASTER TRUST BANK OF JAPAN LTD AS TRUSTEE FOR 13.156.856
MUTB400045795 11 3
AGENTE:JP MORGAN CHASE BANK/JPMORGAN FUND ICVC - JPM INSTITUTIONAL C 52.914
AGENTE:JP MORGAN CHASE BANK/MERCHANT INVESTORS ASSURANCE COMPANY LIM 758.200
AGENTE:JP MORGAN CHASE BANK/KUWAIT FUND FOR ARAB ECONOMIC DEVELOPMEN 620.630
AGENTE:JP MORGAN CHASE BANK/THE MASTER TRUST BANK OF JAPAN LTD AS TRUSTEE FOT 2.088.581
MTBJ400045825
AGENTE:JP MORGAN CHASE BANK/THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FO FOR 4.649.673
MTBJ400045826
AGENTE:JP MORGAN CHASE BANK/THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FOR 2.225.207
MTBJ400045827
AGENTE:JP MORGAN CHASE BANK/FAMANDSFORENINGEN PENSAM INVEST PSI 31 E 386.042
AGENTE:JP MORGAN CHASE BANK/JOHN LEWIS PARTNERSHIP PENSIONS TRUST AS 1.828.306
AGENTE:JP MORGAN CHASE BANK/STICHTING PENSIOENFONDS VOOR HUISARTSEN 192.099
AGENTE:JP MORGAN CHASE BANK/TAMESIDE MBC RE GREATER MANCHESTER PENSI 11.332.663
AGENTE:JP MORGAN CHASE BANK/BMW (UK) TRUSTEES LTD, TRUSTEE OF THE BM 721.089
AGENTE:JP MORGAN CHASE BANK/PLUMBING & MECHANICAL SERVICES (UK) INDU 29.045
AGENTE:JP MORGAN CHASE BANK/PRUDENTIAL STAFF PENSIONS LIMITED AS TRUSTEE 142.970
AGENTE:JP MORGAN CHASE BANK/SHELL PENSIONS TRUST LIMITED AS TRUSTEEOF SHELL C.P.FUND 3.569.171
AGENTE:JP MORGAN CHASE BANK/THE DELPHI AUTOMOTIVE SYSTEMS UK PENSION 181.523
AGENTE:JP MORGAN CHASE BANK/ELKARKIDETZA EPSV 545.586
AGENTE:JP MORGAN CHASE BANK/ASTRAZENECA PENSIONS TRUSTEE LIMITED AS 235.768
AGENTE:JP MORGAN CHASE BANK/VANGUARD TOTAL INTERNATIONAL STOCK INDEX 40.262.142
AGENTE:JP MORGAN CHASE BANK/STATE OF NEW MEXICO STATE INVESTMENT COU 1.452.088
AGENTE:JP MORGAN CHASE BANK/VANGUARD FIDUCIARY TRUST COMPANY EUROPEA 773.809
AGENTE:JP MORGAN CHASE BANK/AVIVA LIFE PENSIONS UK LIMITED 6.099.904
AGENTE:JP MORGAN CHASE BANK/VARIABLE INSURANCE PRODUCTS FUND OVERSEA 2.620.638
AGENTE:RBC DEXIA INVESTOR S/ECONOMIC INVESTMENT TRUST LTM 729.800
AGENTE:RBC DEXIA INVESTOR S/MANITOBA TELECOM SERV&PARTECIP SUBS EMPL 299.600
AGENTE:RBC DEXIA INVESTOR S/DOFASCO EMPLOYEES SAV & PRO SHARING FUND 496.600
AGENTE:RBC DEXIA INVESTOR S/SPRUCEGROVE SPECIAL GLOBAL POOLED FUND 1.274.902
AGENTE:RBC DEXIA INVESTOR S/PETRO CANADA PENS PLAN MASTER TRUST FUND 141.200
AGENTE:RBC DEXIA INVESTOR S/GOLDMAN SACHS JBW INTERN POOLED FUND 19.878
AGENTE:HSBC BANK PLC/AXA FRAMLINGTON GLOBAL OPPORTUNITIES 2.000.000
AGENTE:LOMBARD ODIER DAR.&C/LOMBARD ODIER FUNDS (SWITZERLAND) SA "I3D, FIGO OU CIFOPI" 51.429
AGENTE:NORTHERN TR GLB SERV/STICHTING DELA DEPOSITARY AND MANAGEMENT 3.084.272
AGENTE:NORTHERN TRUST -LO/UTAH STATE RETIREMENT SYSTEMS 818.168
AGENTE:NORTHERN TRUST -LO/SENTINEL INTERNATIONAL TRUST 8.540
AGENTE:DANSKE BANK S/A/LPIP, AKT EUROPA III(AKTIV FORVA C/O NYKREDIT PORTEFOLJE ADM. A/S 760.132
AGENTE:DANSKE BANK S/A/LPI AKTIER EUROPA IV C/O NYKREDIT PORTEFOLJE ADM. A/S 238.857
AGENTE:NORTHERN TRUST -LO/TRANSIT MANAGEMENT SOUTHEAST LOUISIANA 19.515
AGENTE:JP MORGAN CHASE BANK/REXAM PENSION PLAN 1.162.898
AGENTE:JP MORGAN CHASE BANK/JPMORGAN FUND ICVC - JPM GLOBAL EQUITY I 899.396
AGENTE:JP MORGAN CHASE BANK/COMMINGLED PENSION TRUST FUND (EAFE PLUS 5.692.930
AGENTE:JP MORGAN CHASE BANK/BOILERMAKER BLACKSMITH NATIONAL PENSION 997.547
AGENTE:JP MORGAN CHASE BANK/UNITED FOOD & COMM WORKERS UNIONS 96.071
AGENTE:JP MORGAN CHASE BANK/EQ ADVISORS TRUST- EQ/TEMPLETON GLOBAL E 1.181.378
AGENTE:JP MORGAN CHASE BANK/JPMORGAN INTERNATIONAL EQUITY FUND 1.776.973
AGENTE:JP MORGAN CHASE BANK/FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST - 8.604.621
TEMPLETON GROWTH SECURITIES FUND
AGENTE:JP MORGAN CHASE BANK/TEMPLETON INSTITUTIONAL FUNDS - FOREIGN 20.786.722
AGENTE:JP MORGAN CHASE BANK/PUBLIC EDUCATION RET SYSTEM MISSOURI 249.620
AGENTE:JP MORGAN CHASE BANK/PUBLIC SCHOOL RET SYSTEM OF MISSOURI 2.126.490
AGENTE:JP MORGAN CHASE BANK/JNL/FRANKLIN TEMPLETON GLOBAL GROWTH FUND 1.550.760
AGENTE:JP MORGAN CHASE BANK/JNL/CAPITAL GUARDIAN GLOBAL BALANCED FUND 368.566
AGENTE:JP MORGAN CHASE BANK/DWS INTERNATIONAL FUND 4.862.226
AGENTE:JP MORGAN CHASE BANK/DWS VARIABLE SERIES I - DWS INTERNATIONA 1.351.519
AGENTE:JP MORGAN CHASE BANK/THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY 305.810
OF CAMBRIDGE
AGENTE:JP MORGAN CHASE BANK/SUPERANNUATION FUNDS MANAGEMENT CORPORAT 1.128.770
AGENTE:JP MORGAN CHASE BANK/CAPITAL WORLD GROWTH INCOME FUND INC 44.540.800
AGENTE:JP MORGAN CHASE BANK/TEMPLETON MASTER TRUST - SERIES 1 739.127
AGENTE:JP MORGAN CHASE BANK/TEMPLETON INTERNATIONAL STOCK TRUST. 1.400.300
AGENTE:JP MORGAN CHASE BANK/TEMPLETON GROWTH FUND, LTD. 8.797.927
AGENTE:JP MORGAN CHASE BANK/ING SUSTAINABLE INVESTMENTS - WHOLESALE 19.566
AGENTE:JP MORGAN CHASE BANK/CAPITAL GUARDIAN EMPLOYEE BENEFIT INVEST 2.468.688
AGENTE:JP MORGAN CHASE BANK/TEMPLETON MASTER TRUST - SERIES 6 124.883
AGENTE:JP MORGAN CHASE BANK/TEMPLETON MASTER TRUST - SERIES 2 134.328
AGENTE:JP MORGAN CHASE BANK/JPM MULTI-ASSET INCOME FUND 114.821
AGENTE:BP2S LUXEMBOURG/FIM LUXEMBOURG 4.377
AGENTE:BP2S LUXEMBOURG/CSA L GLOBAL QUANT EQUITY POOL 2.395
AGENTE:JP MORGAN CHASE BANK/FIDELITY INVESTMENTS MONEY MANAGEMENT IN 35.690
pag. 25

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
AGENTE:JP MORGAN CHASE BANK/SIERRA/ TEMPLETON INTERNATIONAL EQUITY T 502.642
AGENTE:JP MORGAN CHASE BANK/JPMORGAN INCOME BUILDER FUND 1.750.346
AGENTE:JP MORGAN CHASE BANK/FC OPEN ENDED INVEST COMPANY ICVC BLUE F 133.474
AGENTE:JP MORGAN CHASE BANK/TEMPLETON GLOBAL EQUITY INCOME FUND II L 25.313
AGENTE:JP MORGAN CHASE BANK/EQUITY FUND FOR TAX EXEMPT TRUSTS 583.754
AGENTE:UBS LUXEMBOURG SA/UBS (LUX) SICAV 3 405.420
AGENTE:BROWN BROTHERS HARR/SCUDDER VARIABLE SERIES II - SCUDDER INTERNATIOL SELECT 2.078
PORTFOLIO
AGENTE:BROWN BROTHERS HARR/BANK OF BERMUDA (CAYMAN) LIMITED 454.933
AGENTE:BROWN BROTHERS HARR/ASST. VICE PRESIDENT ATTN JAMES MCNALLY, BROWN BROTHERS 1.648.238
HARRIMAN CO.
AGENTE:BROWN BROTHERS HARR/THE MASTER TRUST BANK OF JAPAN LTD., RE JPM KOKUSAI 114.355
DYNAMIC MOTHER FUN D
AGENTE:BROWN BROTHERS HARR/THE MASTER TRUST BANK OF JAPAN LTD., RE NISSAY PANAGORA FRN 22.974
EQU IND M F
AGENTE:BROWN BROTHERS HARR/THE MASTER TRUST BANK OF JAPAN LTD., RE GLOBAL EQUITIES 554.581
INDEX MOTHER F UND
AGENTE:BROWN BROTHERS HA-LU/FIL LIMITED 4.380
AGENTE:BROWN BROTHERS HA-LU/SCHRODER GAIA 9.592
AGENTE:BROWN BROTHERS HARR/THE MASTER TRUST BANK OF JAPAN LTD., RE JPM KOKUSAI 95.686
DYNAMIC MOTHER FUN D II
AGENTE:BROWN BROTHERS HARR/ADVISOR MANAGED TRUST-TACTICAL OFFENSIVE EQUITY FUND 552.915
AGENTE:BP2S LUXEMBOURG/HENDERSON HORIZON FUND SICAV 13.000.000
AGENTE:NORTHERN TRUST -LO/RETIREMENT PLAN FOR CHICAGO TRANSIT AUTHORITY EMPLOYEES 235.391
AGENTE:NORTHERN TRUST -LO/NORTHERN TRUST COMMON CONTRACTUAL FUND 95.300
AGENTE:NORTHERN TRUST -LO/HONEYWELL COMMON INVEST FUND 618.340
AGENTE:HSBC BANK PLC/GARTMORE EUROPEAN INVESTMENT PLC 407.440
AGENTE:HSBC BANK PLC/HSBC INSTITUTIONAL TRUST SERVICES (IRELAND) LTD RE HSBC MSCI WORLD 87.126
ETF
AGENTE:BROWN BROTHERS HARR/FIDELITY LLC INTERNATIONAL GROWTH PORTFOLIO 229.300
AGENTE:BROWN BROTHERS HARR/FIDELITY GROUP TRUST FOR EMPLOYEE B, ENEFT EUROPEAN 3.529.400
EQUITIES COLLECTIVE TRUST
AGENTE:JP MORGAN CHASE BANK/JPMORGAN GLOBAL EQUITY INCOME FUND 13.229
AGENTE:JP MORGAN CHASE BANK/JPMORGAN INTERNATIONAL EQUITY FUND, LLC 322.831
AGENTE:JP MORGAN CHASE BANK/CAPITAL GUARDIAN ALL COUNTRY WORLD EQUITY FUND 522.852
AGENTE:JP MORGAN CHASE BANK/SWISS REINSURANCE COMPANY LTD 1.503.729
AGENTE:NORTHERN TRUST -LO/MONSANTO COMPANY DEFINED CONTRIBUTION AND EMPLOYEE 217.155
STOCK OWNERSHIP TRUST
AGENTE:JP MORGAN CHASE BANK/UNIVERSITY OF PUERTO RICO RETIREMENTS YSTEM 79.995
AGENTE:JP MORGAN CHASE BANK/BLACKROCK AUSTRALIA LTD AS RESPONSIBLE E 909.745
AGENTE:JP MORGAN CHASE BANK/BLACKROCK INDEXED ALL-COUNTRY EQUITY FUN 78.336
AGENTE:JP MORGAN CHASE BANK/EQ ADVISORS TRUST: EQ/PUTNAM INTERNA 2.100.385
AGENTE:JP MORGAN CHASE BANK/NVIT INTERNATIONAL INDEX FUND 1.518.315
AGENTE:JP MORGAN CHASE BANK/EQ ADVISORS TRUST - EQ/GLOBAL MULTI-SECT 911.733
AGENTE:JP MORGAN CHASE BANK/EQ ADVISORS TRUST - EQ/INTERNATIONAL COR 691.154
AGENTE:JP MORGAN CHASE BANK/BLACKROCK ASSET MANAGEMENT PENSIONS LIMI 42.022.409
AGENTE:JP MORGAN CHASE BANK/BLACKROCK INDEX SELECTION FUND 5.974.626
AGENTE:JP MORGAN CHASE BANK/THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FOR 13.003.903
MUTB400045792
AGENTE:JP MORGAN CHASE BANK/MASTER INTERNATIONAL INDEX SERIES OF QUA 1.146.946
AGENTE:JP MORGAN CHASE BANK/STICHTING TOT BEWARING CORDARES SUBFONDS 1
AGENTE:JP MORGAN CHASE BANK/EQ ADVISORS TRUST-AXA TACTICAL MANAGER INTERNATIONAL 305.126
PORTFOLIO 1
AGENTE:JP MORGAN CHASE BANK/JPM FLEMING FUND ICVC GL FINANCIAL F 1.202.000
AGENTE:JP MORGAN CHASE BANK/THE MASTER TRUST BANK OF JAPAN, LTD. AS TRUSTEE FOR 1.365.233
MTBJ400045824
AGENTE:JP MORGAN CHASE BANK/VOUGHT AIRCRAFT INDUSTRIES,INC MASTER DEFINED BENEFIT 400.197
TRUST
AGENTE:NORTHERN TRUST -LO/THE ROYAL BANK OF SCOTLAND PLC AS DEPOSITARY OF THS 41.229
EUROPEAN GROWTH & VALUE FUND
AGENTE:NORTHERN TRUST -LO/THE ROYAL BANK OF SCOTLAND PLC AS DEPOSITARY OF THS 4.023.416
INTERNATIONAL GROWTH & VALUE FUND
AGENTE:NORTHERN TRUST -LO/THE MARATHON LONDON GROUP TRUST FOR EMPLOYEE BENEFIT 6.336.272
PLANS
AGENTE:NORTHERN TRUST -LO/THE MARATHON-LONDON GLOBAL INVESTMENT TRUST 2.212.701
AGENTE:NORTHERN TRUST -LO/THE MARATHON-LONDON GLOBAL INVESTMENT TRUST I 136.703
AGENTE:RBC DEXIA INVESTOR S/SCEPTRE POOLED INVESTMENT FUND - FOREIGN EQUITY SECTION 761.400
AGENTE:RBC DEXIA INVESTOR S/SL MFS INTERNATIONAL VALUE FD, SUN LIFE GLB INVESTMENTS 4.258
(CAD)INC.
AGENTE:RBC DEXIA INVESTOR S/CANADIAN UTILITIES LIMITED 145.100
AGENTE:BROWN BROTHERS HARR/HUNTINGTON NATIONAL BANK 75.000
AGENTE:HONGKONG/SHANGHAI BK/MANULIFE INTERNATIONAL LTD 767.832
AGENTE:HONGKONG/SHANGHAI BK/EIS SERVICES BERMUDA LTD 471.805
AGENTE:HONGKONG/SHANGHAI BK/MANULIFE PROPERTY LTD PARTNERSHIP 606.941
AGENTE:HONGKONG/SHANGHAI BK/HSBC POOLED INVESTMENT FUND, HSBC ALLIANCEBERNSTEIN 802.232
pag. 26

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
L.P, MULTIMANAGER EUROPEAN EQUITY FUND
AGENTE:UBS LUXEMBOURG SA/UBS (LUX) KEY SELECTION SICAV 4.597.585
AGENTE:JP MORGAN CHASE BANK/DAVID E MOORE 48.282
AGENTE:HSBC SEC SERV LUX S./HSS (LUX) 3.170.560
AGENTE:HONGKONG/SHANGHAI BK/HTHK AS TRUSTEE OF MANULIFE EUROPEAN EQUITY FUND HSBC 3.104.267
INSTITUTIONAL TRUST SERVICES ASIA LTD
AGENTE:BQUE FEDERATIVE-STR/FCP IMPY INVESTISSEMENT 10.000
RICHIEDENTE:CBLDN S/A AEGON CUSTODY N.V./AEGON CUSTODY B.V. 6.002.835
RICHIEDENTE:CBNY S/A CHARLES SCHWAB/BRANDES INVESTMENT 22.871
RICHIEDENTE:GOLDMAN SACHS INTERNATIONAL LIMITED/AMBER GLOBAL OPPORTUNITIES MASTER 8.943.345
FUND LTD
RICHIEDENTE:GOLDMAN SACHS & CO./PM MANAGER FUND, SPC ON BEHALF OF AND FOR THE ACCOUNT 1.956.441
OF SEGREGATED PORTFOLIO 22
RICHIEDENTE:CITIJER SA CB AGENT SA C, NA AS CUSTODIAN LIBERTY INT FD PAN EUROPEAN/STANLIB 84.547
FUNDS LIMITED
RICHIEDENTE:CITIBANK N.A. NY S/A PRINCIPAL INTERNATIONAL EQUITY FUND/PTC PRINCIPAL INT`L 278.372
EQUITY FUND
RICHIEDENTE:CBLDN SA EIRCOM PLC2 SUPERAN. FUND/EIRCOM NO2 SUPERANNUATION FUND 499.980
RICHIEDENTE:CBLDN S/A AVIVA LIFE AND PENSIONS IRELAND LIMITED/HIBERNIAN LIFE & PENSIONS 585.165
FUND
RICHIEDENTE:CBLDN IRISH LIFE ASSURANCE CO/IRISH LIFE ASSURANCE 16.437.851
RICHIEDENTE:CBLDN SA LEG & GEN ASSUR SOC LTD/LEGAL AND GENERAL ASSURANCE PENSIONS 7.886.793
MANAGEMENT LIMITED
RICHIEDENTE:CREDIT SUISSE SECURITIES (USA) LLC/GOLDMAN SACHS GLOBAL FUNDAMENTAL 68.358
RICHIEDENTE:CBLDN S/A LEGAL AND GENERAL/LAZARD ASSET MANAGEMENT LTD. 107.970.067
RICHIEDENTE:CBHK SA CITITRUST L-AIM EURO EQ F/AXAIM MPF EUROPEAN EQUITY FUND 265.000
RICHIEDENTE:CITIBANK NA HONG KONG SA MIML-WELLINGTON GL CONT EP/MACQUARIE 362.736
INVESTMENT MANAGEMENT LIMITED
RICHIEDENTE:CBLDN SA STICHTING SERVICES EUROPE EX MULTI-MANAGER FUND/STICHTING MN 117.475
SERVICES EUROPE EX UK EQUITY FUND
RICHIEDENTE:CBNY NA, S/A/ BALENTINE INTERNATIONAL EQUITY FUND SELECT/WILMINGTON 33.866
INTERNATIONAL EQUITY FUND SELECT LP
RICHIEDENTE:CBNY SA PAC LIFE FU PL NT VALUE FUN/PACIFIC LIFE FUNDS-PL INTERNATIONAL VALUE 390.359
FUND
RICHIEDENTE:CBNY S/A TRANSAMERICA LIFE INSURANCE COMPANY/FRANKLIN TEMPLETON 209.114
RICHIEDENTE:CBLDN S/A MNSERVICES AANDELENFONDS EUROPA/STICHTING MN SERVICES 324.900
AANDELENFONDS EUROPA
RICHIEDENTE:CBNY S/A WILTSHIRE VARIABLE INSURANCE TRUST-INTERNATIONAL EQUITY 26.743
FUND/WILSHIRE VARIABLE INSURANCE TRUST-INTERNATIONAL EQUITY FUND
RICHIEDENTE:CBSG S/A NTUC LIFEP EUROPE SSGA/NTUC INCOME INSURANCE COOPERATIVE LIMITED 66.682
RICHIEDENTE:CBNY SA ADVANCED SERIES TRUST AST NIEMANN INT GROWTH FUND/ADVANCED 239.500
SERIES TRUST AST NIEMANN CAPITAL
RICHIEDENTE:CBHK SA JTSB STB GS GL E QE M FD/JAPAN TRUSTEE SERVICE BANK CO. LTD 1.292.351
RICHIEDENTE:CBLDN SA FRIENDS PROVIDENT LIFE AND PENSIONS LIMITED/FRIENDS PROVIDENT LIFE 412.654
PENSION LTD
RICHIEDENTE:CBNY S/A PRINC TR CO (ASIA) LTD/PRINCIPAL INSURANCE COMPANY LIMITED 131.835
RICHIEDENTE:CBNY S/A ORBIS SICAV/ORBIS US EQUITY FUND LP 4.174.328
AGENTE:STATE STREET BANK AND TRUST COMPANY/GEORGES R.HAIRK PARAMETRIC PORTFOLIO 35.035
ASSOCIATES
AGENTE:STATE STREET BANK AND TRUST COMPANY/JRJ INVESTMENT FUND, LTD/BRANDES 7.800
AGENTE:STATE STREET BANK AND TRUST COMPANY/CALVERT CTY VOL FIRE RESCUE 13.337
AGENTE:STATE STREET BANK AND TRUST COMPANY/LINDE PENSION PLAN 250.466
AGENTE:STATE STREET BANK AND TRUST COMPANY/NEW YORK STATE BANKERS RETIREMENT 161.540
SYSTEM VOL SUBMITTER PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE FARM VARIABLE PRODUCT TRUST, 336.919
INTERNATIONAL EQ INDEX F
AGENTE:STATE STREET BANK AND TRUST COMPANY/HIRTLE CALLAGHAN INSTITUTIONAL 4.006.200
INTERNATIONAL EQUITY PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/FIDELITY INVESTMENT TRUST: FIDELITY TOTAL 83.901
INT EQUITY FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/FIDELITY RUTLAND SQUARETRUST II: STRATEGIC 4.696.522
ADVISERS INT F
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHN HANCOCK TRUST CORE ALLOCATION PLUS 79.550
TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/BNY MELLON TR+DEP ATF ST. JAMES`S PLACE 3.030.009
INTL UNIT TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/SANFORD C. BERNSTEIN F INC - TAX-MANAGED 11.581.375
INTERNATIONAL PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/SANFORD C. BERNSTEIN INTL VALUE EQ 2.647.500
(CAP-WEIGHTED UNHEDGED) F
AGENTE:STATE STREET BANK AND TRUST COMPANY/SANFORD C. BERNSTEIN GLOBAL VALUE EQUITY 661.000
FUND .
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN GLOBAL STYLE BLEND 850.900
FUND .
AGENTE:STATE STREET BANK AND TRUST COMPANY/PUTNAM VARIABLE TRUST - PUTNAM VT GLOBAL 71.720
pag. 27

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
ASSET ALLOCATION F
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE STATE OF NEVADA 51.507
AGENTE:STATE STREET BANK AND TRUST COMPANY/GLOBAL OPPORTUNITIES CANADA FUND 488.178
AGENTE:STATE STREET BANK AND TRUST COMPANY/SANFORD C. BERNSTEIN FUND, INC. - TAX-AWARE 1.084.600
OVERLAY A PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE ALLIANCEBERNSTEIN POOLING 5.670.100
PTF-ALLIANCEBRN INT VALUE PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE ALLIANCEBERNSTEIN POOLING PTF - 56.374
ALLIANCEB VOL MNGM PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN VAR PROD SER F INC - INT 7.068.740
VALUE PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN VAR PROD SER F INC-BAL 234.495
WEALTH STRATEGY PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE MASTER TRUST BK OF JP LTD: HITACHI 468.803
FOREIGN EQ INDEX MF
AGENTE:STATE STREET BANK AND TRUST COMPANY/GOVERNMENT OF THE REPUBLIC OF SINGAPORE . 105.954
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE NATIONAL MUTUAL LIFE ASS OF 373.784
AUSTRALASIA LIMITED
AGENTE:STATE STREET BANK AND TRUST COMPANY/GENERAL MOTORS HOURLY-RATE EMPLOYEES 666.897
PENSION TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/GENERAL MOTORS SALARIED EMPLOYEES 485.506
PENSION TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/ENHANCED GLOBAL SERIES OF BLACKROCK 151
QUANTITATIVE PARTNERS LP
AGENTE:STATE STREET BANK AND TRUST COMPANY/ESG MANAGERS GROWTH PORTFOLIO 620
AGENTE:STATE STREET BANK AND TRUST COMPANY/ESG MANAGERS MODERATE PORTFOLIO 516
AGENTE:STATE STREET BANK AND TRUST COMPANY/ESG MANAGERS CONSERVATIVE PORTFOLIO 292
AGENTE:STATE STREET BANK AND TRUST COMPANY/ESG MANAGERS AGGRESSIVE GROWTH 397
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/RYDEX MSCI EAFE EQUAL WEIGHT ETF 11.295
AGENTE:STATE STREET BANK AND TRUST COMPANY/PRINCIPAL GLOBAL INVESTORS COLLECTIVE 366.948
INVESTMENT TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/ORG FOR SMALL&MEDIUM ENTERPRISES AND 1.058.952
REGIONAL INNOVATION
AGENTE:STATE STREET BANK AND TRUST COMPANY/JAPAN TRUSTEE SERV BK LTD ATF GLB FIN EQ F 42.716
LTD SUBSCR PERIOD
AGENTE:STATE STREET BANK AND TRUST COMPANY/JAPAN TRUSTEE SERV BK LTD ATF CMA SHINKO 31.734
FINANCIAL EQ MF
AGENTE:STATE STREET BANK AND TRUST COMPANY/UNITED TECHNOLOGIES CORPORATION 540.422
EMPLOYEE SAVINGS PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/ROBERT J. MORRIS TRUST 634
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE STREET TRUSTEES LIMITED ATF CIS 6.122.952
EUROPEAN GROWTH TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/PACE INTERNATIONAL EQUITY INVESTMENTS . 692.801
AGENTE:STATE STREET BANK AND TRUST COMPANY/DFS GIF - EUROPEAN EQUITY ALLIANCE 67.724
BERNSTEIN
AGENTE:STATE STREET BANK AND TRUST COMPANY/DESJARDINS FIN SECURITY BERNSTEIN INTL 187.437
EQUITY VALUE FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/CALVERT VP EAFE INTERNATIONAL INDEX 228.027
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE PREMIER TRUST FUND FOR QUALIFIED 114.573
EMPLOYEE BENEFIT PLANS
AGENTE:STATE STREET BANK AND TRUST COMPANY/FEDEX CORPORATION EMPLOYEES PENSION 267.918
TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/DYNAMIC EUROPEAN VALUE FUND 505.400
AGENTE:STATE STREET BANK AND TRUST COMPANY/DYNAMIC EAFE VALUE CLASS 247.400
AGENTE:STATE STREET BANK AND TRUST COMPANY/TIFF INVESTMENT PROGRAM, INC - TIFF 1.162.275
MULTI-ASSET FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/TRANSAMERICA ALLIANCEBERNSTEIN DYNAMIC 21.712
ALLOCATION VP
AGENTE:STATE STREET BANK AND TRUST COMPANY/ANCHOR SERIES TRUST STRATEGIC MULTI-ASSET 3.193
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/SEASONS SERIES TRUST ASSET 112.436
ALLOCATION:DIVERSIFIED GROWTH PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/MULTI-MANAGER ICVC - MULTI-MANGER 527.531
INTERNATIONAL EQUITY FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/LEGG MASON FUNDS ICVC - LEGG MASON 26.506
CONTINENTAL EUROPEAN EQ F
AGENTE:STATE STREET BANK AND TRUST COMPANY/RUSSELL INTERNATIONAL SHARES TRACKER FUND 387.732
AGENTE:STATE STREET BANK AND TRUST COMPANY/JANUS ASPEN SERIES OVERSEAS PORTFOLIO 15.265.827
AGENTE:STATE STREET BANK AND TRUST COMPANY/CAUSEWAY INTERNATIONAL OPPORTUNITIES 487.861
GROUP TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/CANADA PENSION PLAN INVESTMENT BOARD . 20.749.195
AGENTE:STATE STREET BANK AND TRUST COMPANY/BRANDES CANADA INTERNATIONAL EQUITY 1.283.300
UNIT TRUST
pag. 28

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
AGENTE:STATE STREET BANK AND TRUST COMPANY/PAX MSCI EAFE ESG INDEX ETF 8.132
AGENTE:STATE STREET BANK AND TRUST COMPANY/IPAC SPEC INV STRATEGIES - INT SHARE 1.245.900
STRATEGY NO 1
AGENTE:STATE STREET BANK AND TRUST COMPANY/RETIREMENT AND SECY PROGRAM FOR 86.951
EMPL/NTCA AND MEMBERS SYS
AGENTE:STATE STREET BANK AND TRUST COMPANY/RIDGEWORTH INTERNATIONAL EQUITY INDEX 1.863.224
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/BNY MELLON TR DEP LTD ATF ST JAMES`S PL 3.855.685
STRAT MANAG UNIT TR
AGENTE:STATE STREET BANK AND TRUST COMPANY/SC BLACKROCK INTERNATIONAL INDEX FUND 74.830
AGENTE:STATE STREET BANK AND TRUST COMPANY/GOV OF HM THE SULTAN AND YANG DI-PERTUAN 768.017
OF BRUNEI DARUSSALAM
AGENTE:STATE STREET BANK AND TRUST COMPANY/DEUTSCHE DBI GLOBAL SHARES FUND 49.065
AGENTE:STATE STREET BANK AND TRUST COMPANY/BIMCOR OVERSEAS POOLED FUND 677.673
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA MSCI ACWI EX-USA INDEX NON-LENDING 239.080
DAILY TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/HONG KONG SPECIAL ADMINISTRATIVE REGION 1.261.097
GOVERNMENT-EXCHANGE F
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE STREET TRUSTEES LIMITED ATF 132.889
MARATHON EXEMPT FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/VANGUARD INV F ICVC- FTSE DEV WOR LD EX - 402.168
U.K. EQ INDEX F
AGENTE:STATE STREET BANK AND TRUST COMPANY/VANGUARD INV F ICVC-VANGUARD FTSE DEV 275.542
EUROPE EX-UK EQ INDEX F
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE WELLINGTON TR COM NATIONAL ASS MULT 110.878
COLLECT INV F TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE WELLINGTON TR CO NAT ASS MULT COM GLB 6.327
OPPORT PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE WELLINGTON TR CO NAT ASS MULT 185.677
COLLECTIVE INV F TRUST II
AGENTE:STATE STREET BANK AND TRUST COMPANY/WILMINGTON TRUST RETIREMENT AND INST SER 340.515
CO COLLECTIVE INV TR
AGENTE:STATE STREET BANK AND TRUST COMPANY/WSIB INVESTMENTS (PUBLIC EQUITIES) POOLED 2.533.647
FUND TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE HARTFORDGLOBAL ALL- ASSET FUND 174.304
AGENTE:STATE STREET BANK AND TRUST COMPANY/MANULIFE ASSET MANAGEMENT INTERNATIONAL 81.215
EQUITY INDEX POOLED F
AGENTE:STATE STREET BANK AND TRUST COMPANY/SS BK AND TRUST COMPANY INV FUNDS FOR 44.093.944
TAXEXEMPT RETIREMENT PL
AGENTE:STATE STREET BANK AND TRUST COMPANY/SSGA MSCI EUROPE SCREENED INDEX 268.544
NON-LENDING COMMON TRUST FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/MSCI EAFE PROV SCREENED INDEX NON - 226.489
LENDING COMMON TR FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/AXA WORLD FUNDS II-CONTINENTAL EUROPEAN 671.329
OPP EQUITIES
AGENTE:STATE STREET BANK AND TRUST COMPANY/UNIVERSAL SHIPOWNERS MARINE INS ASS LTD 80.179
EQUITY CLASS 3
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES MSCI EAFE GROWTH INDEX FUND (EX IBT 1.652.373
2776)
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK INSTITUTIONAL TRUST COMPANY, 74.263.350
N.A. INVESTMENT FUNDSFO
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK CDN MSCI EAFE EQUITY INDEX FUND 2.529.157
AGENTE:STATE STREET BANK AND TRUST COMPANY/RUSSELL DEVELOPED EX-U.S. LARGE CAP INDEX 148.661
FUND B
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK GLOBAL MARKET INSIGHT FUND 99.309
AGENTE:STATE STREET BANK AND TRUST COMPANY/TRUST FOR RETIR MED, DENT & LIFE INS 218.712
ARMY&AIR FORCE EXCH
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE RETIREMENT ANN PL FOR EMPL OF THE 435.915
ARMY&AIR FORCE EX SERVIC
AGENTE:STATE STREET BANK AND TRUST COMPANY/CENTRAL PENSION F OF INT UNION OF OPERAT & 1.013.521
PART EMPL
AGENTE:STATE STREET BANK AND TRUST COMPANY/WELLS FARGO INTRINSIC WORLD EQUITY FUND 470.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK INST TRUST CO N.A. INV FUNDSFOR 63.040
EMPL BENEFIT TR
AGENTE:STATE STREET BANK AND TRUST COMPANY/INTERNATIONAL PAPER CO COMMINGLED 1.144.185
INVESTMENT GROUP TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/MFS VAR INSURANCE TRUST II - MFS INT VALUE 700.177
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/GOLDMAN SACHS TRUST COMPANY N A 334.713
COLLECTIVE TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMERICAN AIRLINES PILOTS RET BENEFIT 642.737
PROGRAM VAR INCOME PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/COMMONFUND INSTITUTIONAL INTERNATIONAL 253.915
EQUITY FUND, LLC
AGENTE:STATE STREET BANK AND TRUST COMPANY/RUSSELL TR CO COMMINGLED EMPL BEN 342.656
pag. 29

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
RUSSELL INT RATE MGMN SOL
AGENTE:STATE STREET BANK AND TRUST COMPANY/TIIA-CREF INTERNATIONAL EQUITY INDEX FUND 2.903.501
AGENTE:STATE STREET BANK AND TRUST COMPANY/TRANSAMERICA BLACKROCK GLOBAL 252.680
ALLOCATION
AGENTE:STATE STREET BANK AND TRUST COMPANY/MASSMUTUAL SELECT STRATEGIC BALANCED 36.739
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/NEBRASKA PUBLIC EMPLOYEES RETIREMENT 806.244
SYSTEM
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE UNIVERSAL INSTITUTIONAL FUNDS INC - 28.646
INT MAGNUM PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/THE WELLINGTON TR CO NAT ASS MULT COM 739.255
ALPHA STRATEGIES PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/SPDR MSCI EUROPE FINANCIALS ETF 948.047
AGENTE:STATE STREET BANK AND TRUST COMPANY/WELLINGTON TR CO NAT ASS MULTI COMM 251.405
CONTRARIAN EQ PTF
AGENTE:STATE STREET BANK AND TRUST COMPANY/SCOTTISH WIDOWS OVERSEAS GROWTH INV F 3.838.777
ICVC - EURO GROWTH F
AGENTE:STATE STREET BANK AND TRUST COMPANY/SCOTTISH WIDOWS OVERSEAS GROWTH INV F 1.832.736
ICVC-EUROP SEL GROW F
AGENTE:STATE STREET BANK AND TRUST COMPANY/SCOTTISH WIDOWS OVERSEAS GROWTH INV F 197.959
ICVC-EUROLAND F
AGENTE:STATE STREET BANK AND TRUST COMPANY/SPDR STOXX EUROPE 50 ETF 164.595
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES II PUBLIC LIMITED COMPANY 39.550.307
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES PUBLIC LIMITED COMPANY 9.676.132
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES III PUBLIC LIMITED COMPANY 1.537.977
AGENTE:STATE STREET BANK AND TRUST COMPANY/ISHARES V PUBLIC LIMITED COMPANY 79.883
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK AM DE FOR ISHARES EURO STOXX 50 38.897.148
(DE)
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK AM DE FOR ISHARES EURO STOXX 10.948.784
BANKS (DE)
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK AM DE FOR ISHARES EURO STOXX 3.086.500
(DE)
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK AM DE FOR ISHARES STOXX EUROPE 2.230.013
50 (DE)
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK AM DE FOR ISHARES STOXX EUROPE 85.060
LARGE 200 (DE)
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK AM DE FOR ISHARES STOXX EUROPE 6.412.246
600 BANKS (DE)
AGENTE:STATE STREET BANK AND TRUST COMPANY/BLACKROCK AM DE FOR ISHARES STOXX EUROPE 4.132.915
600 (DE)
AGENTE:DEUTSCHE BANK AG/LA FINANCIERE SAINT MARINE 120.196
AGENTE:UNION BANK OF CALIFORNIA/ADVISORS INNER CIRCLE CAMBIAR AGGRE 1.400.000
AGENTE:UNION BANK OF CALIFORNIA/SOUTHERN CA UNITED FOOD COMMERCIAL WORKERS UNION 173.372
FOOD EMPLOYERS
AGENTE:UNION BANK OF CALIFORNIA/SAN DIEGO ELEC WORKERS PENSION TRUST 58.583
FIRST INITIATIVES INSURANCE,LTD 152.150
REEVE COURT GENERAL PARTNER 22.135
RESEARCH AFFILIATES, LLC 4.167
AIR CANADA PENSION MASTER TRUSTFUND 2.430.074
RUSSELL OVERSEAS EQUITY POOL . 532.400
ALAMOSA LLC . 14.215
ALABAMA PREPAID AFFORDABLE COLLEGE TUITION TRUST FUND 49.197
AZL INTERNATIONAL INDEX FUND 437.524
BASF CORPORATION PENSION MASTERTRUST 307.162
BECHTEL NR PROGRAM MASTER TR . 491.350
TELCORDIA TECHNOLOGIES PENSIONPLAN 138.640
BARROW HANLEY MEWHINNEY & STRA 66.600
BELLSOUTH CORPORATION HEALTH CARE TRUST RETIREES 117
THE BOARD OF PENSIONS OF THE PRESBYTERIAN CHURCH 1.145.128
BELLSOUTH CORP RFA VEBA TRUST FOR NONREPRESENTABLE EMPLOYEES 68.855
HIGHMARK INC. 281.655
CALIFORNIA STATE AUTOMOBILE ASSOCINTER-INSURANCE BUREAU 211.324
COLLIER FAMILY OFFICE INC . 520.537
CHI OPERATING INVESTMENT PROGRAM LP 1.816.083
COLLEGES OF APPLIED ARTS AND TECHNOLOGY PENSION P 1.289.400
COMMONWEALTH OF PENNSYLVANIA STATE EMPLOYEES RETIREMENT SYSTEM. 1.073.753
CARGILL INC. & ASSOCIATED COMPANIES MASTER PEN 321.790
CANADIAN CHRISTIAN SCHOOL PENSION TR. FD 79.600
DAIMLERCHRYSLER CANADA INC. CANADIAN MASTER TRUST FUND 669.989
THE DUN AND BRADSTREET CORP DEFINED BENEFIT GROUP TRUST 176.990
DREYFUS INDEX FUNDS INC DREYFUS INTERNATIONAL STC 691.164
DUKE ENERGY QUALIFIED NUCLEAR DECOMMISSIONING TRUS 1.331.120
COUNTY EMPLOYEES ANNUITY AND BENEFIT FUND OF COOK COUNTY 449.370
EVANGELICAL LUTHERAN CHURCH INAMERICA BOARD OF PEN 1.031.740
CBIS GLOBAL FUNDS PLC 90.000
pag. 30

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
TOTAL FINANCE USA INC. MASTER TRUST 326.250
FIDELITY GLOBAL FUND . 760.300
FIDELITY GLOBAL FINANCIAL SERVICES FUND 147.400
FIDELITY COMMONWEALTH TRUST IIFIDELITY INTL ENHANC 9.662
FIDELITY CONCORD STREET TRUST: SPARTAN INTERNATIONAL INDEX FD 10.475.688
STATE OF FLORIDA BIRTH-RELATED NEUROLOGICAL INJURY COMPENSATION ASSOCIATION 415.227
FIRE AND POLICE PENSION ASSOCIATION OF COLOR 236.008
FIRE AND POLICE PENSION ASSN OFCOLORADO 425.423
RIVERWOOD INTERNATIONAL CORPORATION MASTER PENSION TRUST 76.240
METROPOLE NEW EUROPEAN COUNTRIES SGBT LUXEMBOURG 390.000
IRISH AIRLINES (GENERAL EMPLOYEES) SUPERANNUATION 3.817.702
LANCASHIRE COUNTY PENSION FUND. 771.300
RBS GROUP PENSION FUND 2.230.400
ESB GENERAL EMPLOYEES SUPERANNUATION SCHEME 594.205
WORCESTERSHIRE COUNTY COUNCIL PENSION FUND 1.165.427
PRINCIPAL GLOBAL INVESTORS TRUST-INTERNATIONAL EQUITY FUND 96.260
QUEENSLAND INVESTMENT CORPORATION 177.330
NBT MAIN A C (NCB CLEARING SVCS) 938.293
HEALTHCARE EMPLOYEES` PENSION PLAN - MANIT 1.590.118
BOC PENSION INVESTMENT FUND BOCPENSIONS LIMITED 285.598
CO-OPERATIVE INSURANCE SOCIETY LTD 11.886.748
ACHMEA PENSIOEN EN LEVENSVERZEKERINGEN N.V. 111.687
WELLMARK OF SOUTH DAKOTA INC . 94.327
MCKINLEY CAPITAL MANAGEMENT FUND PLC 19.877
IOWA PUBLIC EMPLOYEES` RETIREMENT SYSTEM 2.726.570
BMO INTERNATIONAL EQUITY HEDGEDTO CAD INDEX ETF 118.513
RIVER AND MERCANTILE UK EQUITYLONG TERM RECOVERY FUND 140.000
BERKELEY SQUARE COMMON INVESTMENT FUND LIMITED 302.443
COUNTY OF LOS ANGELES DEFERRED COMPENSATION AND THRIFT PLAN 1.674.327
DELAWARE CONSERVATIVE ALLOCATION PORTFOLIO 80.737
DELAWARE GROUP FOUNDATION FUND - DELAWARE FOUNDATION EQUITY 3.271
LUCENT TECHNOLOGIES INC. DEFINED CONTRIBUTION PLAN MASTER TRUST 391.602
LUCENT TECHNOLOGIES INC. MASTERPENSION TRUST 1.098.116
THE LINCOLN NATIONAL LIFE INSURANCE CO.(SEPARATE A 1.031.006
STICHTING BEWAARDER INTERPOLIS PENSIOENEN BELEGGINGSPOOLS 506.323
SRLEV NV INZ. AAND. POOL INT. MNDT SNS ASSET MNG 1.200.000
STG PFDS CORP EXPRESS MANDAAT ALLIANCE CAPITA 218.455
BPS 901.223
THE MOWLEM STAFF PENS LIFE ASS SCHEME 159.960
STICHTING BEWAARDER AZL EQUITY FUND 301.490
BPL 5.168.005
STICHTING PENSIOENFONDS VOOR DE GRAFISCHE BEDRIJVEN 1.381.900
PETTELAAR EFFECTENBEW INZ SNSRESP IND FND 1.421.402
STICHTING BEDRIJKSTAKPENSIENFONDS VOOR HET KAPPERSBEDRIJF 34.531
STICHTING PFDS VOOR DE TANDTECHNIEK 70.564
STICHTING BEDRIJFSTAKPENSIOENFONDS VOOR HET LEVENSMIDDELENBEDRIJF 395.815
MELLON BANK NA EMPLOYEE BENEFITCOLLECTIVE INVESTMENT 6.833.130
THE MAPLE LEAF FOOD INC. MASTERTRUST NO. 2 549.800
MUNICIPAL FIRE AND POLICE RETIREMENT SYSTEM OF 85.534
MARANIC II LLC . 18.884
MANVILLE PERSONAL INJURY SETTLEMENT TRUST 121.815
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF MISSISSIPI 1.901.166
INVESCO FONDS CAT 2 SPERRKONTO 719.714
MERCK AND CO., INC MASTER RETIREMENT TRUST 371.565
MERCK AND CO., INC UNION VEBA TRUST 68.865
NSP MONTICELLO MINNESOTA RETAILQUALIFIED TRUST 63.990
NSP MINNESOTA PRAIRIE I RETAIL QUALIFIED TRUST 50.096
NSP MINNESOTA RETAIL PRAIRIE IIQUALIFIED TRUST 55.285
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF NEVADA 1.508.633
RETIREMENT BENEFITS INVESTMENT FUND 21.454
NEW YORK STATE DEFERRED COMPENSATION PLAN 707.815
TEACHERS` RETIREMENT SYSTEM OF THE CITY OF NEW Y 1.022.950
ONTARIO POWER GENERATION INC. PENSION PLAN 935.460
PG&E POSTRET. MEDICAL PLAN TR.MGMT & NONBARGAINING 36.292
HEALTH CARE SECURITY TRUST . 24.764
PARKER - HANNIFIN MASTER TRUST 437.685
PROMEDICA HEALTH SYSTEM INC. CASH BALANCE RETIREM 72.328
PENSION RESERVES INVESTMENT TRUST FUND 6.872.989
PUBLIC EMPLOYEE RETIREMENT SYSTEM OF IDAHO 971.455
NATIONWIDE LIFE INSURANCE COMPANY OF AMERICA 33.485
PAYDEN GLOBAL FUNDS PLC . 2.828
POLYONE CORPORATION MASTER TRUST 162.410
QUEEN`S UNIVERSITY AT KINGSTON 207.900
ROHM AND HAAS MASTER TRUST . 156.125
pag. 31

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
RUSSELL INSTITUTIONAL FUNDS LLCRUSSELL INTL EQUITY FUND 708.706
SOUTHERN CALIFORNIA EDISON CO NUCLEAR FACILITIES Q 617.215
SOUTHERN CALIFORNIA EDISON COMPANY RETIREMENT P 81.908
SASKATCHEWAN HEALTHCARE EMPLOYEES` PENSION PLAN 1.315.652
NEXTERA ENERGY SEABROOK LLC PART IN SEABROOK NUCLEAR FIN FUND 154.549
UNIVERSITY OF NEBRASKA FOUNDATION 243.300
GOLDMAN SACHS GLOBAL EQUITY PARTNERS I LLC 410.043
FRONTEGRA MASTHOLM INTERNATIONAL EQUITY FUNDD 49.800
WM POOL CAPITAL INTERNATIONAL GLOBAL EQUITIES TRUST 4.839.550
SELECT WORLD EQUITY FUND 1.016.290
AGENTE:DEUTSCHE BANK AG/SOCIETE` GENERALE 100.000
GOVERNORS OF THE UNIVERSITY OF ALBERTA 247.600
THE CANADA LIFE CANADIAN EMPLOYEES PENSION PLAN 208.355
TD INTERNATIONAL EQUITY FUND . 3.651.900
TULARE COUNTY EMPLOYEES` RETIREMENT ASSOCATION 345.420
TENNESSEE VALLEY AUTHORITY RETIREMENT SYSTEM 115.690
CURATORS OF THE UNIVERSITY OF MISSOURI RETIR DISAB DEATH BENEFIT 797.005
UNITED TECHNOLOGIES CORP. MASTER RETIREMENT TR 1.394.860
VULCAN ASSET MANAGEMENT LLC 91.000
WK KELLOG G FOUNDATION TRUST 375.980
SEQUOIA FUNDATION 1.279
STEWARDSHIP FOUNDATION 9.766
WBW TRUST NUMBER ONE 1.997
1975 IRREVOCABLE TRUST OF CD WEYERHAUSER 9.208
1973 IRREVOCABLE TRUST OF CD WEYERHAUSER 1.582
SISTERS OF THE PRESENTATION 16.888
DTE ENERGY COMPANY AFFILIATES EMP BENEFIT PLANS MA 801.260
TIME WARNER CABLE PENSION PLAN S MASTER TRUST 615.486
MILLPENCIL (US) LP 33.451
PACIFIC GAS AND ELECTRIC QUALIFIED CPUC DECOMMISSIONING TRUST 522.096
PANAGORA GROUP TRUST . 29.479
THE CALIFORNIA ENDOWMENT . 6.364
CORNHUSKER ENERGY LEXINGTON LLC 4.126
STICHTING RABOBANK PENSIOENFONDS 661.755
BELEGGINSPOOL ACHMEA AANDELEN EURO 2.501.506
BELEGGINGSPOOL ACHMEA 619.595
INTERPOLIS PENSIOENEN EUROPA POOL 346.496
STICHTING TRUST F&C UNHEDGE . 38.932
AMUNDI FUNDS GEMS EUROPE ACCOUNT 9.403
AMUNDI FUNDS INDEX EURO ACCOUNT 1.065.021
AMUNDI FUNDS INDEX EUROPE ACCOUNT 1.174.592
AMUNDI FUNDS SELECT EURO 113.518
AMUNDI FUNDS GLOBAL FINANCE 76.790
MAXIM MFS INTERN. VALUE PORTF. OF MAXIM SERIES FUND INC 8515 422.428
GE FUNDS GE TOTAL RETURN FUND 132.043
GE FUNDS GE INTERNATIONAL EQUITY FUND 136.179
KOOKMIN BK AS TRUSTEE OF FIDELITY KOREA-GLOBAL FIN.SERV.MULTICL 29.600
INTERNATIONAL VALUE FUND 6.100
PENSION FUND SOCIETY OF THE BANK OF MONTREAL 303.900
CIBC BANK AND TRUST COMPANY CAYMAN LIMITED 951
MATMUT ACTIONS EURO 800.000
MLC LIMITED 83.301
AGENTE:NORTHERN TRUST -LO/FORD FOUNDATION 689.034
AGENTE:JP MORGAN CHASE BANK/THE CHASE MANHATTAN BANK 14.021
AGENTE:JP MORGAN CHASE BANK/THE CHASE MANHATTAN BANK 69.891
AGENTE:STATE STREET BANK AND TRUST COMPANY/BRUNEI INVESTMENT AGENCY 1.452.594
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE OF ALASKA RETIREMENT AND BENEFITS 267.549
PLANS
AGENTE:JP MORGAN CHASE BANK/SAS TRUSTEE CORPORATION 3.007.360
AGENTE:JP MORGAN CHASE BANK/SAS TRUSTEE CORPORATION 1.678.146
AGENTE:NORTHERN TRUST -LO/PFIZER INC.RETIREMENT ANNUITY PLAN 338.294
IMPERIAL INTERNATIONAL EQUITY POOL 2.559.075
AGENTE:STATE STREET BANK AND TRUST COMPANY/BP PENSION FUND 6.126.295
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT 434.092
AGENTE:JP MORGAN CHASE BANK/NEW YORK STATE COMMON RETIREMENT FUND 3.183.498
AGENTE:STATE STREET BANK AND TRUST COMPANY/ORANGE COUNTY EMPLOYEES RETIREMENT 67.102
SYSTEM
AGENTE:NORTHERN TRUST -LO/INTERNATIONAL EQUITY FUND 123.032
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMERICAN HEART ASSOCIATION 27.379
BELL ATLANTIC MASTER TRUST 270.749
BELL ATLANTIC MASTER TRUST 307.540
BELL ATLANTIC MASTER TRUST 4.087.413
AGENTE:JP MORGAN CHASE BANK/TEACHERS RETIREMENT SYSTEM OF OKLAHOMA 3.097.087
AGENTE:JP MORGAN CHASE BANK/SBC MASTER PENSION TRUST 491.774
pag. 32

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
AGENTE:NORTHERN TRUST -LO/NAV CANADA PENSION PLAN 1.282.674
AGENTE:STATE STREET BANK AND TRUST COMPANY/ARIZONA STATE RETIREMENT SYSTEM 944.231
CENTRICA COMBINED COMMON INVESTMENT FUND 600.334
UNISYS MASTER TRUST 761.400
CITY OF NEW YORK GROUP TRUST 1.997.176
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE OF MINNESOTA 285.048
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE OF MINNESOTA 495.443
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE OF MINNESOTA 3.020.563
AGENTE:NORTHERN TRUST -LO/NATIONAL RAILROAD INVESTMENT TRUST 4.224.252
IMPERIAL OVERSEAS EQUITY POOL 331.749
AGENTE:NORTHERN TRUST -LO/MICROSOFT GLOBAL FINANCE LIMITED 2.509.190
AGENTE:NORTHERN TRUST -LO/SANFORD BERNSTEIN DELAWARE BUSINESS 833.265
AGENTE:STATE STREET BANK AND TRUST COMPANY/WESTPAC STAFF SUPERANNUATION PLAN 6.500
AGENTE:STATE STREET BANK AND TRUST COMPANY/UNIVERSITY OF TORONTO MASTER TRUST 28.850
EMERGENCY SERVICES SUPERANNUATION SCHEME 77.775
RICHIEDENTE:CBNY S/A AGF EURO EQUITY FUND/AGF FUNDS INC 41.504
RICHIEDENTE:CBNY S/A AGF EURO EQUITY FUND/AGF FUNDS INC 297.665
STATE OF WISCONSIN INVESTMENT BOARD 6.098.700
AGENTE:NORTHERN TRUST -LO/FORD MOTOR COMPANY DEFINED BENEFIT 193.940
AGENTE:NORTHERN TRUST -LO/FORD MOTOR COMPANY DEFINED BENEFIT 1.900.068
AGENTE:NORTHERN TRUST -LO/HONEYWELL INT INC MASTER RETIR TRUST 946.100
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMERICAN BEACON INTERNATIONAL EQUITY 3.023.896
FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/JOHNSON & JOHNSON PENSION & SAVINGS PLANS 604.503
MASTER TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/CONSOLIDATED EDISON RETIREMENT PLAN 449.479
AGENTE:STATE STREET BANK AND TRUST COMPANY/PRUDENTIAL RETIREMENT INSURANCE & 3.552.433
ANNUITY COMPANY
AGENTE:NORTHERN TRUST -LO/THE TAYSIDE SUPERANNUATION FUND 7.426.543
AGENTE:NORTHERN TRUST -LO/WHEELS COMMON INVESTMENT FUND 797.029
AGENTE:STATE STREET BANK AND TRUST COMPANY/STATE OF CONNECTICUT RETIREMENT PLANS & 2.916.679
TRUST FUNDS
ARK LIFE ASSURANCE COMPANY LIMITED 52.822
AGENTE:NORTHERN TRUST -LO/NATIONAL COUNCIL FOR SOCIAL SEC FUND 272.393
AGENTE:STATE STREET BANK AND TRUST COMPANY/LONDON BOROUGH OF BARKING & DAGENHAM 489.621
SUPERANNUATION FUND
AGENTE:STATE STREET BANK AND TRUST COMPANY/GOVERNING COUNCIL OF THE UNIVERSITY OF 21.283
TORONTO
AGENTE:STATE STREET BANK AND TRUST COMPANY/METROPOLITAN LIFE INSURANCE COMPANY 370.648
AGENTE:JP MORGAN BANK LUXEM/FRANKLIN TEMPLETON INVESTMENT FUNDS 267.591
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMERICAN AIRLINES INC., MASTER FIXED 4.324.077
BENEFIT PENSION TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/DELUXE CORPORATION MASTER RETIREMENT 267.569
TRUST PLAN
AGENTE:STATE STREET BANK AND TRUST COMPANY/FRESNO COUNTY EMPLOYEES` RETIREMENT 350.812
ASSOCIATION
AGENTE:NORTHERN TRUST -LO/NORTHERN TRUST ROBUSTA FUND 1.370.439
THE BANK OF KOREA 31.521
AGENTE:STATE STREET BANK AND TRUST COMPANY/GMAM INVESTMENT FUNDS TRUST 981.826
AGENTE:STATE STREET BANK AND TRUST COMPANY/MINISTRY OF STRATEGY AND FINANCE 64.842
AGENTE:STATE STREET BANK AND TRUST COMPANY/MINISTRY OF STRATEGY AND FINANCE 595.985
AGENTE:STATE STREET BANK AND TRUST COMPANY/MGI INTERNATIONAL EQUITY FUND 125.520
PRINCIPAL FUNDS INC INTERNATIONAL VALUE FUND 1 4.290.762
PRINCIPAL FUNDS INC INTERNATIONAL VALUE FUND 1 4.405.168
AGENTE:NORTHERN TRUST -LO/CITY OF MILWAUKEE EMPLOY RETIREMENT 887.327
AGENTE:STATE STREET BANK AND TRUST COMPANY/MGI NON-US CORE EQUITY FUND 553.061
VEBA PARTNERSHIP N LP . 118.500
CANADIAN PACIFIC RAILWAY COMPANY PENSION PLAN 430.849
KANSAS PUBLIC EMPLOYEES RETIREMENT 743.031
KANSAS PUBLIC EMPLOYEES RETIREMENT 1.249.295
AGENTE:NORTHERN TRUST -LO/TENNESSE CONSOLIDATED RETIREMENT SYSTEM 653.782
AGI FRANCE 20.414.411
AGENTE:UBS AG -ZURICH/UBS FUND MANAGEMENT (SWITZERLAND) AG 1.919.754
FONDS DE RESERVE POUR LES RETRAITES 21.939.432
AMERICAN ELECTRIC POWER MASTER RETIREMENT TRUST 523.437
AMERICAN ELECTRIC POWER SYSTEM RETIREE LIFE INSURANCE TRUST 43.686
AMERICAN ELECTRIC POWER SYSTEM RETIREE MEDICAL TRUST FOR CERTAIN UNION 113.840
ESSEX COUNTY COUNCIL . 160.622
ENERGY EAST CORPORATION MASTERTRUST 332.183
MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHST 1.878.024
MINISTRY OF FINANCE OF THE REPUBLIC OF KAZAKHST 2.402.772
TREASURER OF THE STATE OF NORTHCAROLINAEQUITY INVESTMENT FUND POOLED 5.918.691
NATIONAL PENSIONS RESERVE FUNDCOMMISSION 4.089.651
AGENTE:BROWN BROTHERS HARR/BBH B J T S RE CMA MFS EX-JAPAN GROWTH MOTHER FUND 23.278
pag. 33

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
AGENTE:BROWN BROTHERS HARR/BBH B J T S RE CMA MFS EX-JAPAN GROWTH MOTHER FUND 624.030
AGENTE:STATE STREET BANK AND TRUST COMPANY/ARCHITAS MULTI-MANAGER ICVC II 299.000
AGENTE:STATE STREET BANK AND TRUST COMPANY/FLOURISH INVESTMENT CORPORATION 3.624.357
AGENTE:STATE STREET BANK AND TRUST COMPANY/TEACHERS` RETIREMENT SYSTEM OF THE STATE 1.028.726
OF ILLINOIS
SUNSUPER SUPERANNUATION FUND 321.419
OGLETHORPE POWER CORPORATION 298.058
RICHIEDENTE:CBHK S/A CFSIL COMMONWEALTH GL SF 23/COLONIAL FIRST STATE INVESTMENTS 899.155
LIMITED
GENERALI INVESTMENTS FRANCE 1.030.299
AGENTE:STATE STREET BANK AND TRUST COMPANY/MARQUIS INSTITUTIONAL GLOBAL EQUITY 59.625
PORTFOLIO
AGENTE:STATE STREET BANK AND TRUST COMPANY/UAW RETIREE MEDICAL BENEFITS TRUST 1.991.115
AGENTE:STATE STREET BANK AND TRUST COMPANY/UAW RETIREE MEDICAL BENEFITS TRUST 474.429
AGENTE:STATE STREET BANK AND TRUST COMPANY/UAW RETIREE MEDICAL BENEFITS TRUST 3.328.043
AGENTE:STATE STREET BANK AND TRUST COMPANY/CHRYSLER LLC MASTER RETIREMENT TRUST 3.171.586
ALASKA PERMANENT FUND CORPORATION 3.327
COX ENTERPRISES INC MASTER TRUST 267.084
EMPLOYEE RETIREMENT INCOME PLANTRUST OF 3M COM 142.836
OPEC FUND FOR INTERNATIONAL DEVELOPMENT 174.639
OIL INVESTMENT CORPORATION LTD&OIL CAS INVESTMENT 291.807
AGENTE:BP2S SINGAPORE/FUTURE DIRECT CORE INTERN SHARE FUND 2 4.796.224
AGENTE:JP MORGAN CHASE BANK/JEFFREY LLC 264.778
AGENTE:JP MORGAN CHASE BANK/AUSTRALIAN REWARD INVESTMENT ALLIANCE 576.591
AGENTE:STATE STREET BANK AND TRUST COMPANY/ALLIANCEBERNSTEIN COLLECTIVE INVESTMENT 80.835
TRUST SERIES
ONTARIO PENSION BOARD . 578.056
ONTARIO PENSION BOARD . 2.452.469
ONTARIO POWER GENERATION INC . 511.067
GOLDMAN SACHS FOUNDATION . 347.266
AGENTE:JP MORGAN CHASE BANK/PUBLIC EMPLOYEES RETIREMENT ASSOCIATION 1.487.029
AGENTE:JP MORGAN BANK IRELA/SANLAM UNIVERSAL FUNDS PUBLIC LIMITED CO 152.204
AGENTE:JP MORGAN CHASE BANK/INTECH INTERNATIONAL SHARES HIGH OPPORTU 59.201
AGENTE:JP MORGAN CHASE BANK/LABOR PENSION FUND SUPERVISORY COMMITTEE 210.614
AGENTE:JP MORGAN CHASE BANK/LABOR PENSION FUND SUPERVISORY COMMITTEE 1.392.347
AGENTE:JP MORGAN CHASE BANK/LABOR PENSION FUND SUPERVISORY COMMITTEE 103.354
AGENTE:JP MORGAN CHASE BANK/THE TRUSTEE FOR INTERNATIONAL EQUITIES S 214.940
AGENTE:JP MORGAN CHASE BANK/THE BOEING COMPANY EMPLOYEE RETIREMENT P 689.923
AGENTE:JP MORGAN CHASE BANK/AXA PREMIER VIP TRUST - MULTIMANGER INTE 448.606
AGENTE:JP MORGAN CHASE BANK/NVIT MULTI-MANAGER INTERNATIONAL VALUE F 1.266.938
AGENTE:JP MORGAN CHASE BANK/DOW EMPLOYEES PENSION PLAN TRUST 578.292
AGENTE:JP MORGAN CHASE BANK/UNION CARBIDE EMPLOYEES` PENSION PLAN 109.717
AGENTE:JP MORGAN CHASE BANK/EQ ADVISORS - AXA TACTICAL MANAGER INTER 850.448
AGENTE:JP MORGAN CHASE BANK/STATE OF INDIANA, PUBLIC EMPLOYEES` RETI 440.893
AGENTE:JP MORGAN CHASE BANK/JOHN LEWIS PARTNERSHIP PENSIONS TRUST AS 171.365
AGENTE:JP MORGAN CHASE BANK/PUBLIC EDUCATION RET SYSTEM MISSOURI 24.699
AGENTE:JP MORGAN CHASE BANK/PUBLIC SCHOOL RET SYSTEM OF MISSOURI 290.753
AGENTE:JP MORGAN CHASE BANK/SUPERANNUATION FUNDS MANAGEMENT CORPORAT 1.583.365
AGENTE:STATE STREET BANK AND TRUST COMPANY/ORG FOR SMALL&MEDIUM ENTERPRISES AND 1.300.892
REGIONAL INNOVATION
AGENTE:STATE STREET BANK AND TRUST COMPANY/IPAC SPEC INV STRATEGIES - INT SHARE 586.310
STRATEGY NO 1
AGENTE:STATE STREET BANK AND TRUST COMPANY/HONG KONG SPECIAL ADMINISTRATIVE REGION 2.653.324
GOVERNMENT-EXCHANGE F
AGENTE:STATE STREET BANK AND TRUST COMPANY/HONG KONG SPECIAL ADMINISTRATIVE REGION 2.501.597
GOVERNMENT-EXCHANGE F
AGENTE:STATE STREET BANK AND TRUST COMPANY/INTERNATIONAL PAPER CO COMMINGLED 556.117
INVESTMENT GROUP TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/INTERNATIONAL PAPER CO COMMINGLED 333.561
INVESTMENT GROUP TRUST
AGENTE:STATE STREET BANK AND TRUST COMPANY/AMERICAN AIRLINES PILOTS RET BENEFIT 1.316.858
PROGRAM VAR INCOME PLAN
COUNTY EMPLOYEES ANNUITY AND BENEFIT FUND OF COOK COUNTY 378.290
EVANGELICAL LUTHERAN CHURCH INAMERICA BOARD OF PEN 866.383
ESB GENERAL EMPLOYEES SUPERANNUATION SCHEME 2.914.165
QUEENSLAND INVESTMENT CORPORATION 1.294.039
LUCENT TECHNOLOGIES INC. DEFINED CONTRIBUTION PLAN MASTER TRUST 557.483
LUCENT TECHNOLOGIES INC. MASTERPENSION TRUST 308.471
LUCENT TECHNOLOGIES INC. MASTERPENSION TRUST 699.009
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF MISSISSIPI 686.387
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF NEVADA 3.209.492
NEW YORK STATE DEFERRED COMPENSATION PLAN 135.048
PUBLIC EMPLOYEE RETIREMENT SYSTEM OF IDAHO 531.757
PUBLIC EMPLOYEE RETIREMENT SYSTEM OF IDAHO 766.997
QUEEN`S UNIVERSITY AT KINGSTON 20.600
pag. 34

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
QUEEN`S UNIVERSITY AT KINGSTON 65.800
CURATORS OF THE UNIVERSITY OF MISSOURI RETIR DISAB DEATH BENEFIT 397.809
UNITED TECHNOLOGIES CORP. MASTER RETIREMENT TR 1.118.714
PENSION FUND SOCIETY OF THE BANK OF MONTREAL 302.700
__________
Number of proxies represented by badge: 2.151 4.641.317.063
7 Proxy givers of DRAGHI GIORGIO Badge no. 1574
Azioni
ITALMOBILIARE SPA 99.793.905
di cui 23.647.799 azioni in prestito titoli con diritto di voto a favore del prestatore. Intestatario MEDIOBANCA S.P.A.
di cui 51.433.962 in garanzia a BNP PARIBAS SUCC.LE ITALIA
MAX MARA INTERNATIONAL S.A. 100.106.114
INTERNATIONAL FASHION TRADING S.A. 98.787.317
SOGEPLUS 14.484.276
__________
Number of proxies represented by badge: 4 313.171.612
8 Proxy giver of GALLINGANI ALFEO Badge no. 1240
Azioni
COFIMAR S.R.L. 21.902.751
21.902.751
9 Proxy giver of LI CALZI CLEO Badge no. 1895
Azioni
RICHIEDENTE:LOMBARDO RAFFAELE/REGIONE SICILIANA 94.985.136
94.985.136
10 Proxy giver of PUGLISI GIOVANNI Badge no. 541
Azioni
RICHIEDENTE:PUGLISI GIOVANNI/FONDAZIONE BANCO DI SICILIA 92.162.769
di cui 23.000.000 in garanzia a UNICREDIT BANCA
92.162.769
11 Proxy givers of ROSANIA ELMAN Badge no. 1287
Azioni
ACQUAVIA VITO ANTONIO 11
GALANO PASQUALE 8.329
GIGLIO DOMENICO 144
NOLE` ORIANA 3.310
MIMMO ANTONIO 14.289
CASELLA POTITO 24
DI LUCCHIO GIANPAOLO CRISTIAN 3.984
DELLI COLLI VALERIA 57.948
NOTARGIACOMO GIULIA 71.232
CAPPIELLO ANDREA 965
ATELLA GIANFRANCO 1.733
DELLI COLLI CLEMENTE 128.301
POTENZA DONATO 10.000
BUFANO TOMMASO 13
CATAPANO SALVATORE CARMINE VINCENZO 5
DI LUCCHIO LOREDANA ERMINIA 1.986
MITRIONE MARIA ADELAIDE 6.172
GUALANDI BIANCA ENRICA 1.818
SARI ANGELO 18.213
VARLOTTA CINZIA ANNAMARIA 10
LUCIANO LIDIA 10
VARLOTTA GIOVANNI 10
DE BONIS DONATO ANTONIO 11
CORDASCO DOMENICO 11
TELESCA MARIA LUIGIA 197
TELESCA GIANLUCA 173
TELESCA FRANCESCO SAVERIO 173
__________
Number of proxies represented by badge: 27 329.072
12 Proxy giver of SANTANGELO PAOLO Badge no. 1187
Azioni
RICHIEDENTE:PANICCIA MASSIMO/FONDAZIONE CRTRIESTE 62.651.008
pag. 35

UniCredit S.p.A.
Extraordinary Shareholders' Meeting
in third call
* LIST OF PROXY GIVERS *
62.651.008
13 Proxy giver of SINAGRA FAUSTO Badge no. 1236
Azioni
RICHIEDENTE:BIASI PAOLO/FONDAZIONE CASSA DI RISPARMIO DI VERONA VICENZA BELLUNO E 811.550.000
ANCONA
811.550.000
14 Proxy givers of UNGARI RICCARDO Badge no. 1588
Azioni
AUGUSTA VITA SPA 223.836
GENERALI PERSONENVERSICHERUNGEN 264.987
ASSICURAZIONI GENERALI SPA 7.762.643
AGRICOLA SAN GIORGIO SPA 151.200
GENAGRICOLA GENERALI AGRICOLTURA SPA 15.228
BANCA GENERALI SPA 130.923
AACHENMUENCHENER VERSICHERUNG AG 254.268
AUGUSTA ASSICURAZIONI SPA 7.475.000
FATA VITA SPA 47.295
INA ASSITALIA SPA 27.356.486
GENERALI VIE EURO EPARGNE 5.710.940
GENERALI VIE RETRAITE 1.672.487
GENERALI VIE FONDS PROPRES 815.846
GENERALI LEBENSVERSICHERUNG AG 2.033.788
GENERALI ASSURANCES GENERALES SA 260.075
ALLEANZA TORO SPA 5.337.474
GENERALI VIE EX PRUDENCE VIE 2.311.571
GENERALI VIE RCR 95.181
GENERALI VIE FRANCE 3 27.193
INF-SOCIETA` AGRICOLA- SPA 56.019
RICHIEDENTE:CBJER S/A GENERALI WLD P/H AIARC RE JP/GENERALI WORLDWIDE INSURANCE 230.945
COMPANY LIMITED
GENERALI LV NV 489.792
AACHENMUENCHENER LEBENSVERISCHERUNG AG 2.184.195
GENERTELLIFE SPA 3.992.785
GENERALI INVESTMENTS DEUTSCHLAND KAG MBH 534.338
RICHIEDENTE:SANTANDER INVESTMENT SA/GENERALI 878.000
GENERALI INVESTMENTS DEUTSCHLAND KAG MBH 4.013.911
GENERALI VIE FONDS GENERAL 543.896
EQUITE SV TRESORERIE LA THUILLE PREMAT 67.984
__________
Number of proxies represented by badge: 29 74.938.286
15 Proxy givers of VANNICELLI FRANCESCO (RAPP. DESIGNATO EX ART 135 UNDECIES TUF) Badge no. 1654
Azioni
ZOLA UMBERTO CARLO 10
ROSSETTI RAUL FERNANDO 4.050
DI NOIA CARMINE 6.515
BETTINI ELIO 9.200
__________
Number of proxies represented by badge: 4 19.775
16 Proxy givers of WOLFGRING ALEXANDER Badge no. 2021
Azioni
BA-CA-PRIMA-PRIVATSTIFTUNG 1.416.503
BETRIEBSRAT DER ANGESTELLTEN DER BANK AUSTRIA AG 756
AVZ GMBH 43.180.010
RICHIEDENTE:ZWICKL FRANZ/PRIVATSTIFTUNG ZUR VERWALTUNG VON ANTEILSRECHTEN 86.869.465
BA-CA-PRIMA PRIVATSTIFTUNG 3.586.188
__________
Number of proxies represented by badge: 5 135.052.922
pag. 36