Prospectus - Notowania

Since its creation, the Group has continued to expand in Italy and in Eastern European countries, both
via buy-outs and via systematic growth, also consolidating its roles in sectors of important significance
outside Europe, such as the asset management sector in the USA.
This expansion was recently characterized, particularly:
• by the merger with the HVB Group, achieved by means of a public exchange offer furthered by
UniCredit on August 26, 2005 so as to take over control of HVB and the companies it headed up.
Following this offer, finalized during 2005, UniCredit in fact acquired a holding of 93.93% in
HVB’s share capital;
• by the merger with the Capitalia Group, achieved by means of merger through incorporation of
Capitalia within UniCredit, which became effective as from October 1, 2007.
For greater information on the history and progress of the Issuer and the Group, reference should be
made to the First Section, Chapter 5, Paragraph 5.1.5.
Group structure
The Issuer is the parent company of the UniCredit Group and carries out joint policy, governance and
control functions vis-à-vis the subsidiary banking, financial and operating companies, in addition to
banking activities.
The Issuer, as a bank which carries out the management and co-ordination activities for the UniCredit
Banking Group as per Article 61.4, of the TUB, issues – when exercising the management and coordination
activities – instructions to the components of the UniCredit Banking Group, and thus also
for the execution of the instructions imparted by the supervisory authorities and in the interests of the
stability of said Banking Group.
The staff organization chart of the main UniCredit Banking Group companies as of the Date of the
Prospectus is as follows.
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