Prospectus - Notowania

For the intermediaries who request it, a fac-simile of the subscription form, in Italian,
English and Polish, will also be available at the registered office of the Issuer and at
the Head Office.
For additional details on the procedures and times for the exercise of the option rights,
UniCredit shareholders and the German or Polish holders of option rights are invited
to contact their own bank, intermediary or other financial advisor. In particular, in
Poland the purposes and the form of the documents requested for the exercise of the
option rights and the principles for acting through a representative must be in
accordance with the procedures of the authorised intermediaries who accept the
subscription form.
5.1.4 Revocation and suspension of the Offering
The Offering shall become irrevocable from the date of the deposit of the
corresponding notice at the Business Register of Rome, in accordance with Article
2441, second paragraph, of the Italian Civil Code.
If the notice is not deposited and consequently the Offering is not executed within the
terms prescribed in the Prospectus, such circumstances shall be notified to the market
and to Consob by notice in accordance with Article 114 of the TUF and with Article
66 of the Issuers' Regulations, within the open market day preceding the one set for
the start of the Option Term, as well as by appropriate notice published on a
newspaper with nationwide distribution and simultaneously transmitted to Consob no
later than the day before the date set for the start of the Option Term.
5.1.5 Reduction of the subscription and reimbursement procedures
Subscribers may not reduce their subscription even partially.
5.1.6 Minimum and/or maximum amount of the subscriptions
The Offer as Option is meant for all holders of ordinary and savings UniCredit shares
in the ratio of no. 3 Shares every no.20 ordinary and/or savings UniCredit shares
owned.
5.1.7 Possibility to withdraw the subscription
Adhesion to Offering is irrevocable, except for the cases mandated by the law, and it
may not be subjected to conditions.
5.1.8 Procedures and terms for the payment and delivery of the Shares
The Shares shall be paid in full upon their subscription, at the authorised intermediary
with which the subscription request was submitted; the Issuer shall not impose any
accessory charge or expense on the applicant.
In Poland, the authorised intermediaries could request the payment of charges and
commissions, also as a consequence of the currency for the subscription of the Shares
(Euro) being different from the one currently circulating in Poland (Zloty).
- 436 -