Prospectus - Notowania

5.1.10 Procedure for exercising any right of first bid, for the tradability of the
subscription rights and for the treatment of unexercised subscription rights.
In Italy and Germany, the option rights shall be exercised, or be forfeited, during the
Option Term between January 11, 2010 and January 29, 2010, including the starting
and ending dates. In Poland, the option rights shall be exercised, or be forfeited,
during the Option Term between January 14, 2010 and January 29, 2010, including the
starting and ending dates.
The option rights shall be tradable on the MTA from January 11, 2010 to January 22,
2010, including the starting and ending dates, and on the Warsaw Stock Exchange
from January 14, 2010 to January 22, 2010, including the starting and ending dates.
The option rights not exercised by January 29, 2010 shall be offered on the MTA by
the Issuer, in accordance with Article 2441, third paragraph, of the Italian Civil Code.
5.2 Allocation and allotment plan
5.2.1 Recipients and markets of the Offer
The Shares are offered as option to all holders of ordinary and savings shares of the
Company.
Authorisation to publish the Prospectus (as per Consob note no. 10000709, of January
7, 2010) is valid in Italy and, as a result of the procedure as per Article 11, Paragraph
1 of the Issuers’ Regulations, in Germany and Poland. For the purposes of the
procedure as per Article 11, Paragraph 1 of the Issuers' Regulations, the Prospectus
was translated in English and the summary note was translated in German and in
Polish.
Therefore, the Offer is promoted exclusively on the English, German and Polish
market on the basis of the Prospectus, subject to the provisions that follow for the
offer to some investors abroad. The Offer is addressed, without distinction and at
equal conditions, to all UniCredit shareholders without limitations or exclusions of the
benefit of option, but it is not and shall not be promoted, directly or indirectly, to
investors residing in the United States of America, in Canada, in Japan and in
Australia, as well as in any other one of the Excluded Countries. Equally, individual
adhesions originating, directly or indirectly, from United States of America, Canada,
Japan and Australia, as well as from the Excluded Countries in which said adhesions
are in violation of local regulations, shall not be accepted.
The Offer is not, nor shall it be, promoted or communicated, directly or indirectly, and
it may not be accepted, directly or indirectly, in and from the Excluded Countries with
any means, hence not using either the postal services or any other domestic or
international instrument for communication or trade (including, by way of example,
the postal network, the fax, telex, electronic mail, telephone and the Internet) of the
Excluded Countries, or through any of the domestic regulated markets of the Excluded
Countries, or in any other way. Every adhesion to the Offer effected, directly or
indirectly, in violation of the above limitations shall be deemed null and void and shall
not be accepted. Shareholders residing in the United States of America, Canada, Japan
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