Prospectus - Notowania

The Extraordinary Shareholders’ Meeting of July 30, 2007 resolved an increase in
share capital, excluding option rights, in accordance with Article 2441, eighth
paragraph, of the Italian Civil Code:
- for a maximum notional value of €9,060,380.00, corresponding to a maximum of
18,120,760 ordinary shares with a notional value of €0.50 each, in service of
16,179,250 “Unicredito Italiano S.p.A. subscription rights 2007—2011- Former
Capitalia 2005 Warrants” assigned as a substitute for an equal number of Capitalia
Warrants issued under the "2005 Stock incentive plan for Capitalia Group
employees” which had been freely assigned to Capitalia Group employees in
compliance with the resolution by Capitalia’s Extraordinary Shareholders’
Meeting of April 4, 2005. These rights were exercisable at a price of €4.1599 each
and include the right to subscribe to 1.12 ordinary shares each of the company
within and not beyond December 31, 2011, in accordance with the relevant
regulation approved by said Extraordinary Shareholders’ Meeting. Of the rights
issued, 535,000 rights were exercised, against which a total of 599,200 ordinary
shares were subscribed and issued;
- for a maximum notional value of €3,839,922.00, corresponding to a maximum of
7,679,844 ordinary shares with a notional value of €0.50 each, in service of
6,857,004 “Unicredito Italiano S.p.A. subscription rights 2007—2011- Former
FinecoGroup 2005 Warrants” assigned as a substitute for an equal number of
warrants which had been freely assigned to FinecoGroup employees and the
FinecoBank sales team network, in compliance with the resolution by Capitalia’s
Extraordinary Shareholders’ Meeting of November 28, 2005. These rights were
exercisable at a price of €3.9348 each and include the right to subscribe to 1.12
ordinary shares each of the company within and not beyond December 31, 2011,
in accordance with the relevant regulation approved by said Extraordinary
Shareholders’ Meeting. Of the rights issued, 473,084 rights were exercised,
against which a total of 529,842 ordinary shares were subscribed and issued;
The Board of Directors has the power, in accordance with Article 2443 of the Italian
Civil Code, to resolve - one or more times and for a maximum period of five years
from the Shareholders’ Meeting resolution of May 12, 2006 - a scrip issue, in
accordance with Article 2349 of the Italian Civil Code, for a maximum notional value
of €6,500,000 corresponding to a maximum of 13,000,000 ordinary shares of a
notional value of €0.50 each, to be assigned to employees of UniCredit and Group
companies. This scrip issue should make use of the special reserve “Reserve for the
medium-term incentive system for Group employees” created, and adjusted annually,
based on the various methods described in the applicable legislation.
The Board of Directors has the power, in accordance with Article 2443 of the Italian
Civil Code, to resolve - one or more times and for a maximum period of five years
from the Shareholders’ Meeting resolution of May 10, 2007 - a scrip issue, in
accordance with Article 2349 of the Italian Civil Code, for a maximum notional value
of €5,500,000 corresponding to a maximum of 11,000,000 ordinary shares of a
notional value of €0.50 each, to be assigned to employees of UniCredit and Group
companies. This scrip issue should make use of the special reserve “Reserve for the
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