Unicredit — AGM Information 2021

Mar 5, 2021

2021 Shareholders' Meeting

Renewal of the Board of Directors

Milan, March 3, 2021

CLEAR RESPONSIBILITIES AND HIGH PROFESSIONALITY

CGN&S COMMITTEE	The Corporate Governance, Nomination and Sustainability Committee (hereinafter the "CGN&S Committee") supports the Board of Directors in the various stages of the Process The Chairman of the CGN&S Committee participates in appointing the External Consulting Firm, ensuring that the methods employed for implementing the Process are effective and consistent with its aims
EXTERNAL CONSULTING FIRM	One or more head hunting firms, chosen from among companies of high standing, appointed to support the Bank in the search for potential candidates
BOARD OF DIRECTORS	The Board of Directors defines the candidate profiles, appoints Directors to fill vacancies on the Board and identifies candidates to serve as directors in the event that the Board submits a slate to the General Meeting of Shareholders or submit to the shareholders one or more potential candidates suitable to cover the post of director upon the publication on the Company's website of the Quali-Quantitative Profile

WELL-STRUCTURED PROCESS CONSISTING OF FOUR STEPS

QUALI-QUANTITATIVE PROFILE 2021: CORE COMPETENCES

SKILLS & EXPERTISE
Understanding of global trends in the economic financial system, and familiarity with the socio-political situations of the countries in which UniCredit Group has a strategic presence.	International experience	Financial & International Markets	Achieved through top executive roles in large industrial groups and/or international corporations across various business areas.
Achieved through top executive roles in a credit institution. Relevant functions: Legal, Audit and Compliance.	Banking Governance	Banking Business	Achieved through top executive roles relevant to the key business priorities for a credit institution.
Achieved through top executive roles in a financial services institution. Relevant functions: Board or Committee Chairman in a listed financial service institution.	Laws & Regulations	Strategic Planning	Achieved through top executive roles in large international corporations across industries. Relevant areas: Finance and Business.
Achieved through top executive roles in a financial services institution. Relevant Functions: Risk, Audit, Compliance.	Risk & Control	Accounting & Audit	Achieved through top executive roles in a financial services institution. Relevant functions: Finance, Accounting and Audit.
Gained in contexts characterized by a strong attention to ESG issues as substantial elements of the long-term strategy of the company's business, acquired over an appropriate number of years in top-executive roles in companies operating in different sectors.	Sustainability (ESG, Human Capital, D&I) NEW	Technology, Business Transformation NEW	Gained in contexts characterized by a strong technological component both as an element of the core business and as a key lever to drive business transformation, acquired through an appropriate number of years in top-executive roles in Hi-tech companies or alternatively in functions such as CIO, CTO, CDO in companies operating in different sectors.

Soft Skills

The Board also recommends that due consideration is given to the following personal qualities as essential for the role of Directors: 1)Understanding & Flexibility; 2) Independent Mindedness; 3) Interpersonal Style; 4) Integrity; 5) Motivation to engage.

OVERVIEW OF PROCESS FOLLOWED TO IDENTIFY PROPOSED CANDIDATES

A selection process, supported by an independent and highly qualified External Consulting Firm (Spencer Stuart), has been conducted in order to:

• Assure an outstanding professional qualifications and experience
• Set up a list of and identify a pool of candidates to ensure a sound board composition

IDENTIFIED NEW CANDIDATES TO BE INCLUDED IN THE BOARD SLATE

Banking and Financial Services

Jayne-Anne Gadhia

• Senior business and executive experience
• Knowledge of fintech environment and technology applied to finance

• International experience (not European)

• Renate Wagner

• Senior business and executive experience
• Talent management and human resources capabilities
• Knowledge of UniCredit key markets (i.e., Germany)

Technology/Business Transformation

• Jeffrey A. Hedberg
• Cross industry experience
• International experience with knowledge of EE countries
• Senior business and executive experience

Banking and Financial Services

Luca Molinari

• Senior Private Equity Investor profile with international experience
• Knowledge of UniCredit key markets
• Solid experience in driving M&A transactions across markets and industries

BOARD SLATE: BREAKDOWN PROFILES

Name & Title	Gender	Nationality	Age	Independence1	First Appointment
Pier Carlo Padoan2 Designated Chairman	M	IT	71	X	13/10/2020
Andrea Orcel Designated CEO	M	IT	57		NEW
Lamberto Andreotti Non-Ex Director	M	IT	70	X	12/04/2018
Elena Carletti Non-Ex Director	F	IT	51	X	07/02/2019
Jayne-Anne Gadhia Non-Ex Director	F	UK	59	X	NEW
Jeffrey Hedberg Non-Ex Director	M	US	59	X	NEW
Beatriz Lara Bartolomé Non-Ex Director	F	ES	58	X	05/02/2020
Luca Molinari Non-Ex Director	M	IT	47	X	NEW
Maria Pierdicchi Non-Ex Director	F	IT	63	X	12/04/2018
Renate Wagner Non-Ex Director	F	DE	46		NEW
Alexander Wolfgring Non-Ex Director	M	AT	58	X	11/05/2013

BOARD SLATE: EXECUTIVE SUMMARY

BOARD SLATE: EUROPEAN COMPARISON

*Assonime: La Corporate Governance in Italia: autodisciplina, remunerazioni e comply-or-explain (anno 2020). **Spencer Stuart: Board Governance: International Listed Companies Comparison Chart (October 2020)

DOMESTIC 81,8%

Board Slate (UCG)

58

Board Slate (UCG)

BOARD SLATE: SKILL MATRIX

Name & Title	International Experience	Banking Governance	Banking Business	Legal and Regulatory	Strategic Planning	Risk & Control	Accounting & Audit	Financial and International Mkt	Sustainability	Digital and Technology
Pier Carlo Padoan Designated Chairman	X	X	X	X	X			X	X
Andrea Orcel Designated CEO	X	X	X	X	X	X	X	X	X
Lamberto Andreotti Non-Ex Director	X				X			X	X
Elena Carletti Non-Ex Director	X	X	X	X		X	X	X
Jayne-Anne Gadhia Non-Ex Director	X	X	X	X	X	X	X	X	X	X
Jeffrey Hedberg Non-Ex Director	X			X	X			X	X	X
Beatriz Lara Bartolomé Non-Ex Director	X		X		X				X	X
Luca Molinari Non-Ex Director	X				X			X
Maria Pierdicchi Non-Ex Director	X	X	X	X	X	X	X	X	X
Renate Wagner Non-Ex Director	X				X	X	X	X	X
Alexander Wolfgring Non-Ex Director	X	X	X	X		X	X	X