UniCredit SpA : UniCredit: Board of Directors resolutions

The Board of Directors of UniCredit co-opted, during its today's meeting, Helga Jung as Company's Director. She is a member of the Management Board of Allianz SE, being responsible for the insurance business in Spain, Portugal and Latin America and in relation to strategic shareholdings, M&A, legal and compliance. During the last 12 years, Helga Jung was Head of Mergers &Acquisitions  of Group Allianz. Her curriculum vitae is available on UniCredit web site (www.unicreditgroup.eu).

The Board of UniCredit also proceeded to verify that the independence requirements were being met by the above mentioned Director, who stated to fall under one or several situations described in Sec. 148 sub-section 3 of the Legislative Decree no. 58 of 24 February 1998 and in Sec. 3 of the Corporate Governance Code  and therefore to not be qualifiable as Independent Director pursuant to the above-mentioned provisions.

The UniCredit Board of Directors also acknowledged the decision of Mr. Carlo Pesenti to resign from the position as director and member of the Remuneration Committee. The director Mr. Pesenti decided to resign following the coming into force of the law 214/2011 and the contents of its Sec. 36. The Chairman Mr. Rampl, the Ceo Mr. Federico Ghizzoni and the whole Board of Directors expressed to Mr. Carlo Pesenti their most hearty thanks for the contributions given in the past years for the benefit of UniCredit.

Furthermore, the Board of Directors appointed as members of the Remuneration Committee Mr. Vincenzo Calandra Buonaura and Mr. Anthony Wyand, non-executive and independent directors.

Milan, January 31,  2012

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