Prospectus - Notowania

(c) “Discount Share”: at the end of the Subscription Period (January 2011), each
Participant will received a free share for every 20 shares subscribed; these
shares will be subject to the holding period for the subsequent three years;
(d) “Matching Share”: furthermore, at the end of the Subscription Period, the
Participant will receive an additional free share for every 5 shares owned
(including both shares subscribed during the Subscription Period and
Discount Shares); these shares will also be subject to the holding period for
the subsequent three years, however, the Participant will lose ownership of
these shares if the he/she ceases to be an employee of a UniCredit Group
company during the said period, except in the case of termination of service
for reasons permitted in the Plan Regulation. For tax purposes, in some
countries it is not possible to grant Matching Shares at the end of the
Subscription Period: therefore, an "alternative structure” is envisaged that
grants Participants the right to receive said Matching Shares at the end of the
holding period (“Alternative” structure);
(e) Holding Period: during the holding period (from January 2011 to January
2014) Participants may sell the shares purchased at any time, but will lose the
Matching Shares.
The Plan provides the use of shares procured on the market, so as not to dilute the
Issuer's share capital.
Plan Participants will transmit their purchase orders to the reference bank - on a
monthly basis or in one or more solutions in the months of March, May and/or
October 2009 (one-off solution) - for UniCredit ordinary shares.
For further information, refer to the information documents of assignment of financial
instruments to company officers, employees or associates, in compliance with the
prescriptions of Article 114-bis of the TUF as well as Issuers’ Regulations
prescriptions, available on the internet site www.unicreditgroup.eu.
The information contained therein is included in this Prospectus through reference, in
accordance with Article 11 of Directive 2003/71/EC and Article 28 of Regulation
809/2004/EC.
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