Prospectus - Notowania

The Board of Directors resolved: i) on June 13, 2006, an increase of share capital up to
a maximum notional value of €14,602,350, corresponding to a maximum number of
29,204,700 ordinary shares of notional value €0.50 each; (ii) on July 1, 2006, an
increase of share capital up to a maximum notional value of €45,150, corresponding to
a maximum number of 90,300 ordinary shares of notional value €0.50 each, in service
of the exercise of a corresponding number of subscription rights reserved for the
executive staff of UniCredit and Group companies which are particularly relevant for
achieving the Group’s objectives. These resolutions were made by the Board of
Directors in partial exercise of the power granted to it by the Extraordinary
Shareholders’ Meeting of May 12, 2006, in accordance with Article 2443 of the Italian
Civil Code, to resolve - one or more times, over a period of one year after the
Shareholders' Meeting resolution of May 12, 2006 - an increase of share capital,
excluding option rights, in accordance with Article 2441, eighth paragraph, of the
Italian Civil Code, in service of the rights that the Board of Directors will issue to
subscribed for a maximum of 42,000,000 ordinary shares, corresponding to a
maximum notional value of €21,000,000, to be reserved for executive staff of
UniCredit and Group companies that play a significant role in the achievement of
Group objectives.
On June 12, 2007, the Board of Directors resolved an increase of share capital for a
maximum notional value of €14,904,711.50, corresponding to a maximum number of
29,809,423 ordinary shares of notional value €0.50 each in service of the exercise of a
corresponding number of subscription rights reserved for executive staff of UniCredit
and Group companies that play a significant role in the achievement of Group
objectives These resolutions were made by the Board of Directors in partial exercise
of the power granted to it by the Extraordinary Shareholders’ Meeting of May 10,
2007, in accordance with Article 2443 of the Italian Civil Code, to resolve - one or
more times, over a period of one year after the shareholders' meeting resolution - an
increase of share capital, in accordance with Article 2441, first, second and third
paragraph of the Italian Civil Code, for a maximum notional value of €525,000,000,
corresponding to a maximum of 1,050,000,000 ordinary shares, with a notional value
of €0.50 each, to be used in service of any acquisition transactions by UniCredit.
On June 25, 2008, the Board of Directors resolved an increase of share capital for a
maximum notional value of €39,097,923, corresponding to a maximum number of
78,195,846 ordinary shares of notional value €0.50 each in service of the exercise of a
corresponding number of subscription rights reserved for executive staff of UniCredit
and Group companies that play a significant role in the achievement of Group
objectives. These resolutions were made by the Board of Directors in partial exercise
of the power granted to it by the Extraordinary Shareholders’ Meeting of May 8, 2008,
in accordance with Article 2443 of the Italian Civil Code, to resolve - one or more
times, over a period of one year after the shareholders' meeting resolution - an increase
of share capital, excluding option rights, in accordance with Article 2441, eighth
paragraph, of the Italian Civil Code, in service of the rights that the Board of Directors
will issue to subscribe a maximum of 122,180,500 ordinary shares, corresponding to a
maximum notional value of €61,090,250, to be reserved for executive staff of
UniCredit and Group companies that play a significant role in the achievement of
Group objectives.
- 367 -