Unicredit — Board/Management Information 2024

Mar 4, 2024

Renewal of the Board of Directors

February 16th, 2024

Agenda Index

• Board Slate - Selection Process	3
• Board Slate - Composition	8
• Annex - Candidates CV	10

Board Slate

New Candidates Identification Board Slate - Selection Process

A selection process has been conducted in order to:

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

NEW SELECTED CANDIDATES

Bergamaschi Broyd, Paola

institutions across continents

• Extensive experience in risk and credit management as well as cyber risk and big data, in the banking industry Chromik, Marcus
• Deep understanding of German financial services sector characteristics and dynamics

Domingues, António

• Broad knowledge of commercial banking business with a vertical expertise on strategic financial management and cross border M&A
• NED experience in listed and private companies with positions often in Governance and Audit Committee

Camagni, Paola

• Certified Accountant and Registered Auditor with solid board experience in boards of large Italian and foreign companies
• Extensive experience in financial services Board
• Expertise in managing significant complexities at Board level

Galbo, Julie

• Extensive executive experience in banking with vertical on risk
• Strong regulatory background
• Strong Board experience in banking institutions also as member of Audit Committee

Villa, Gabriele

• Highly reputed Certified Accountant and Registered Auditor
• Compelling Board experience in Italian listed companies
• Expertise on M&A transactions

4 Legenda:

F: Female; M: Male; INT: International profiles; DOM: Domestic profiles

Board Slate

Overview of Board composition Board Slate - Selection Process

15 Directors

• Pier Carlo Padoan
• Andrea Orcel
• Paola Bergamaschi Broyd
• Elena Carletti
• Marcus Chromik
• António Domingues
• Jeffrey Alan Hedberg
• Beatriz Lara Bartolomé
• Maria Pierdicchi

• Julie Galbo
• Gabriele Villa

Snapshot Board Slate - Composition

Independence

Independent as per Code, TUF, TUB

Non-independent

Market Comparison Board Slate - Composition

International Directors

3,5 4,1 4,4 Average Tenure

Gender Balance

2

Independence Board size Age Tenure ▪ Higher level of Independence ▪ Board size in line with market ▪ Lower average tenure ▪ Age in line with market

Internationality

▪ Highest share of international Directors

Gender Diversity

▪ Female members above the minimum level set by the applicable regulation

• *Selected European Banks: Banco Santander; Barclays; BBVA; BNP Paribas; Commerzbank; Crédit Agricole; Deutsche Bank; Erste Bank; HSBC; ING; Intesa Sanpaolo; Lloyds Bank; Nordea Bank; Natwest; Société Générale; Standard
• Chartered; UBS; UniCredit. Data Source: Morrow Sodali 9

Annex

Agenda Index

Candidates CV

N O TI C E S I	•	Pier Carlo Padoan	12
	•	Andrea Orcel	13
	•	Paola Bergamaschi Broyd	14
	•	Elena Carletti	15
	•	Marcus Chromik	16
	•	António Domingues	17
	•	Jeffrey Alan Hedberg	18
	•	Beatriz Lara Bartolomé	19
	•	Maria Pierdicchi	20
N O TI C E S II	•	Paola Camagni	21
	•	Julie Galbo	22
	•	Gabriele Villa	23

Pietro Carlo Padoan

	Italian Chair UniCredit Italy	Education Università La Sapienza di Roma, Degree, Economics	Languages Italian – Native Language English – Fluent
Professional Experience		Current Board Affiliations
2019 2019	Istituto Affari Internazionali Vice President Luiss University	• UniCredit (2020-Pres.), Chair of the Board of Directors, Member of the Internal Controls & Risks Committee • ABI – Italian Banking Association, Member of the Board of Directors, Member of the Executive Committee, Chairman of the Capital Markets Union technical Committee
2018	Senior Fellow SEP School of European Political Economy Italian Parliament Member of the Chamber of Deputies and member of the Budget Commission Government of Italy Minister of Economy and Finance	• High Level Group on Financing Sustainability Transition, Chair • European Financial Roundtable (EFR), Vice Chair • FeBAF (Italian Banking, Insurance and Finance Federation), Member of the Executive Committee • Assonime, Member of the Executive Committee • Consob, Chair of Committee of Market Operators and Investors (COMI) • School for Economic and Social Politics (AISES), Member of the Governing Council • Istituto Luigi Einaudi per gli Studi bancari, finanziari e assicurativi, Non-Executive Director
2014-2018
2007-2014 2009-2014 2007-2009	OECD Deputy Secretary General and Chief Economist, G20 Finance Deputy Deputy Secretary General	• Borsa Italiana, Member of Corporate Governance Committee • Institute of International Finance (IIF), Non-Executive Director • AIFI (Associazione Italiana del Private Equity, Venture Capital e Private Debt), Member Council	of the General
2006	Fondazione Italianieuropei Director	• IAI – Istituto Affari Internazionali, Vice Chair • Scope Foundation, Honorary Board Member
2001-2005	International Monetary Fund Executive Director	Former Board Affiliations • International Monetary Conference, Member of the Board of Directors
1998-2001	Government of Italy Economic adviser to the Prime Minister
	Università La Sapienza di Roma

Professor of Economics

Andrea Orcel

Italian Group Chief Executive Officer UniCredit Italy

Education

Università La Sapienza di Roma, Degree, Economics and Commerce, 1986

INSEAD, Master in Business Administration, 1990

Languages

Italian – Native Language English – Fluent French – Fluent Spanish – Fluent Portuguese – Intermediate

Professional Experience

Associate Fixed Income

13 2021-Pres. UniCredit Group Chief Executive Officer 2012-2021 UBS President of UBS Bank, Chief Executive Officer of UBS UK, member of UBS Executive Board 2009-2012 Bank of America Head of International Corporate and Investment Banking, President of Global Banking, Securities and Wealth Management, President of Emerging Markets ex Asia 1992-2009 Merril Lynch 2007-2009 Head of Global Origination 2004-2007 President of EMEA Global Markets and Investment Banking, Member of Merril Lynch Management Committee 2003-2004 Co-President of Global Markets and Investment Banking for Europe, Middle East and Africa, Head of Origination 1999-2003 Head of Global Financial Institutions Group 1992-1999 Co-Head of Financial Institutions Group for Europe, Middle East and Africa 1991-1998 Premafin Finanziaria SpA Director of Strategic Planning and Control 1990- 1992 Boston Consulting Group (BCG) Consultant 1988-1989 Goldman Sachs Associate Fixed Income 1987-1988 Midland Montagu

Current Board Affiliations

• UniCredit Foundation (2022-Pres.), Chair

Former Board Affiliations

• Bank of America (2009-2012), Executive Chair of Investment Bank

Paola Bergamaschi Broyd

Italian Former Head of Asset Owners Solutions, Senior Managing Director , EMEA Street Corp

Education

Università Commerciale Luigi Bocconi, Degree, Economics, 1985

Languages

Italian – Native Language English – Native Language French – Intermediate

Professional Experience

• 2003-2014 Street Corp (UK) Head of Asset Owners Solutions, Senior Managing Director , EMEA Global Head of Client Relationship Management , Global Markets Senior Managing Director Global Head of Equity Distribution. Senior Managing Director
• 1998-2003 Credit Suisse First Boston (UK) Director Equity Sales, London

UK

• 1995-1998 IMI San Paolo (UK) Deputy Head of Equities
• 1989-1995 Goldman Sachs (UK) Executive Director – Equity Research
• 1985-1989 Montedison Group (Italy) Head, Investors Relations

Current Board Affiliations

• AIG Group Inc (2022-Pres.), Non-Executive Director, Member of the Risk Committee, Member of the Audit Committee
• BNY Mellon International (2017-Pres.), Non-Executive Director, Member of the Audit Committee, Member of the Nomination Committee. Chair of the Risk Committee, Chair of the Advisory Board of the Depositary and Trust business of BNY Mellon International
• ARCA Fondi SGR (2015-Pres.), Non-Executive Director, Chair of the Risk Committee, Member of the Remuneration Committee

Former Board Affiliations

• Well Fargo Securities International (2017-2022), Non-Executive Director, Chair of the Remuneration Committee, Member of the Nomination Committee, Member of the Risk Committee
• Arrow Global Plc (FTSE 250) (2020-2021), Non-Executive Director, Member of the Audit Committee and Chair of the Risk Committee. Company taken private in 2021
• Millenium and Copthorne (FTSE 250) (2019-2019), Non-Executive Director, Member of Audit and Remuneration Committee. Company delisted in 2019 following a tender offer
• Big Society Capital (2018-2020), Board Member, Member of the Risk Comm

Elena Carletti

	Italian	Education			Languages
	Full Professor of Finance and Dean for Research			London School of Economics, Economics, Ph.D., 2000	Italian – Native Language
Università Commerciale Luigi Bocconi Italy		University of Bologna, Economics, Doctorate, 1998 Università Commerciale Luigi Bocconi, Economics, Master's Degree,			English – Fluent German – Fluent
Professional Experience			2009-2010	OECD
				Consultant
2013-Pres.	Università Commerciale Luigi Bocconi
2015-Pres.	Director of Unit "Banking, Finance and Regulation", Baffi Carefin for Applied Research	Center	2008	The World Bank Consultant
2013-Pres.	Full Professor of Finance
			2004-2008	Center for Financial Studies
2017-Pres.	Bruegel			Senior Researcher
	Member of the Scientific Committee		2000-2004	Universität Mannheim
2016-Pres.	Florence School of Banking & Finance Founding Director, Scientific Advisor			Assistant Professor of Economics
			Current Board Affiliations
2016-Pres.	European Parliament		•	UniCredit (2019-Pres.), Non-Executive Director, Chair of the Internal Controls & Risks
	Member of the Expert Panel on banking supervision			Committee, Member of the Related Parties Committee
2015-Pres.	Banca D'Italia		Former Board Affiliations
	Member of the Scientific Committee "Paolo Baffi Lecture"		•	Fondazione Cassa di Risparmio di La Spezia (2016-2019), Non-Executive Director
			• European	Finance Association (EFA), Chair
2013-2015	Bangor University		•	Confindustria (2014‐2016), Scientific Committee Member
	Research Professor		• Riksbank ‐	Swedish Central Bank (2014), Review Panel Member
			•	Central Bank of Ireland (2011), Review Panel Member
2008-2013	European University Institute Joint Chair Economics Department and Robert Schuman Centre for Advanced Studies		•	FIRS Financial Intermediation Research Society (2010‐2013), Board Member
2008-2013	Johann Wolfgang Goethe-Universität Frankfurt am Main Full Professor of Economics

Marcus Chromik

German Former Chief Risk Officer Commerzbank AG Frankfurt, Germany

Education

Ludwig-Maximilians Universität München, Doctorate/Ph.D., Physics, 2001

Masters, Physics, 1998

Georg-August-Universität Göttingen, Pre-Diploma, Physics, 1995

Languages

German – Native Language English – Fluent

Professional Experience

Professional Experience		Current Board Affiliations
2009-2023 2016-2023	Commerzbank AG Chief Risk Officer, Member of the Board of Managing Directors	• Commerzreal AG (Commerzbank Group) (2021-Pres.), Non-Executive Director (Supervisory Board)
2012-2015	Chief Credit Risk Officer - Core Bank	• WM Gruppe (2021-Pres.), Member of Advisory Board
2009-2012	Chief Market Risk Officer	• mBank SA (Warsaw) (Commerzbank Group) (2016-Pres.), Non-Executive Director, Chair of Risk Committee (Supervisory Board)
2007-2009	Deutsche Postbank AG	• German Eastern Business Association (2016-Pres.), Member of Steering Committee
2008-2009	Head of Liquidity Management and Credit Treasury	• International Chamber of Commerce Germany (2016-Pres.), Member of the Board
2007-2008	Head of Primary Capital Markets	• German Banking Association, Chair of Committee of SSM1 bank
2004-2007	Deutsche Bank AG	Former Board Affiliations
2006-2007	Director Risk Control, Deutsche Postbank AG	• Valovis Bank AG (2012-2015), Non-Executive Director (Supervisory Board)
2004-2005	Head of Credit Risk Controlling, Deutsche Postbank AG	• Düsseldorfer Hypothekenbank AG (2016), Non-Executive Director (Supervisory Board) • Argor Heraeus SA (2013-2015), Non-Executive Director (Supervisory Board)
2001-2004	McKinsey & Company (Germany) Senior Associate	• Allianz Global Investors Europe GmbH 82011-2012), Member of investment advisory committee for three fonds belonging to Commerzbank's pension scheme

Also suited for Audit Committee

António Domingues

Portuguese former Chief Executive Officer Caixa Geral de Depositos Lisbon, Portugal

Education

ISEG- Universidade Técnica de Lisboa, Degree, Economics, 1979

Languages

Portuguese – Native Language English, French and Spanish – Fluent

Current Board Affiliations

• Banco CTT (2022-Pres.), Non-Executive Director
• Haitong Investment Bank S.A. (Private) (2018-Pres.), Non-Executive Director, Chair of Audit Committee, Chair of Governance Committee, member of Risk Committee, member of Remuneration Committee

Former Board Affiliations

• NOS S.A. (2004-2022), Non-Executive Director, Chair of Audit & Risk Committee, Member of Governance Committee
• Allianz (Portugal) (2003-2016), Non-Executive Director
• BFA-Banco de Fomento de Angola (2002-2020), Vice Chair
• BCI (Moçambique) (2002-2012), Non-Executive Director
• SIBS (1999-2012), Non-Executive Director
• Unicre (1999-2008), Non-Executive Director
• BPI Investment Bank (1995-2016), Vice Chair
• Banco de Fomento & Exterior (1996-1999), Non-Executive Director
• Banco Borges & Irmão (1996-1999), Non-Executive Director

Also suited for Audit Committee

Professional Experience

2016-2016	Caixa Geral de Depositos
	Chief Executive Officer

1989-2016	Banco BPI Group
2003-2016	Deputy CEO and Chief Financial Office
1995-2003	Chief Financial Officer
1989-1995	Treasurer

• 1989-1989 Banco Portugues do Investmento (BPA) Deputy General Manager of France branch network
• 1985-1988 Banco de Portugal Foreign Department, Fx Reserves Management
• 1982-1985 Monetary Authority of Macao Research & Statistics Department, Treasury Division
• 1980-1982 Ministério da Industria e Energia Portugal Research and Planning Department

Jeffrey Alan Hedberg

18

	American Former Chief Executive Officer WindTre S.p.A. Italy	Education Degree, 1992 Bachelor's Degree, 1988	University of Denver, International Management, Master's Northeastern University, Business Administration,	Languages English – Native Language German – Fluent French – Intermediate Italian – Intermediate
Professional Experience		1994-1998	Swisscom
2017-2023	WindTre S.p.A. Chief Executive Officer	1997-1998 1996-1997 1994-1996	Executive Vice President Deputy Director, Vice President for Strategy and Acquisitions Director for Unisource Alliance
2017-2022	Asstel - Assotelecomunicazioni Vice President	1992-1994	Coopers & Lybrand Consulting Senior Associate Telecommunication Industries
2014-2016	PMCL - Mobilink President and Chief Executive Officer	1990-1992	US West Inc. Corporate Strategy, Strategic Marketing Manager International
2013-2014	Boston Consulting Group Senior Advisor	1985-1989	TVM Venture Capital Analyst
2012-2014	Private Equity Advisor		Current Board Affiliations
2011-2012	Altech Chief Operating Officer	•	UniCredit (2021-Pres.), Non-Executive Director, (2023-Pres.) Chair of the Remuneration Committee, Member of ESG Committee
2009-2011	Telkom South Africa Chief Executive Officer	• -	Former Board Affiliations
2006-2009	Cell-C Chief Executive Officer
1999-2004 2002-2004 1999-2002	Deutsche Telekom AG Chief Executive Officer, Chairman of Deutsche Telecom USA Executive Vice President

Beatriz Lara Bartolomé

	Argentinian Senior Advisor and Investor	Education IESE Business School, Master in Business Administration for Senior Executives, 2003	Languages Spanish – Native Language
	Universidad Complutense de Madrid, Master's Degree, Physics Science, 1986	English – Fluent
		Universidad Autonoma de Madrid, Bachelor's Degree, Physics, 1984
	Professional Experience	Current Board Affiliations
2014-Pres.	Senior Advisor and Investor	• UniCredit (2020-Pres.), Non-Executive Director, (2021-Pres.) Member of the ESG Committee • AHAOW Moment S.L., Sole Administrator
2006-2015	BBVA	Former Board Affiliations
2012-2015	Director of Corporate Transformation	• BBVA (2007-2015), Non-Executive Director
2010-2012	Chief Innovation Officer	• IMDEA Networks (2008-2011), Non-Executive Director
2006-2010	Director of Technological Innovation
2003-2006	Alcatel-Lucent
	Director of Mobile Networks & Applications
1997-2003	Ericsson
	Business Development Director, Global Services, Market Unit Iberia
1990- 1997	AT&T Mobile Tel
	Account Director New Operators
1989-1990	Electronics & Telecommunications Ltd.
	Technical Sales Engineer
1987-1989	Nokia Technologies
19	IT&T-NOKIA Supervisor of product development & quality

Maria Pierdicchi

Italian Former Chief Executive Director Standard & Poor's Ratings Services, South Europe Italy

Education

Languages

New York University-Leonard N. Stern School of Business, Master in Business Administration, 1988

Università Commerciale Luigi Bocconi, Degree, Economics, 1982

Italian – Native Language English – Native Language French – Intermediate Spanish – Intermediate

Professional Experience

• 2003-2015 Standard & Poor's Ratings Services 2009-2015 Chief Executive Director and Managing Director, Head of Southern Europe
• 2003-2008 Chief Executive Director, Southern Europe
• 1998-2003 Borsa Italiana Senior Director, Head of "Nuovo Mercato"
• 1991-1998 Premafin Finanziaria SpA Director of Strategic Planning and Control
• 1988- 1991 Citibank Resident Vice President, Senior Financial Analyst
• 1985-1988 The World Bank Consultant, Latin America
• 1981-1985 Università Commerciale Luigi Bocconi Research Assistant in banking and international financial intermediaries

Current Board Affiliations

• Aidexa Holding (former PBI) (2023-Pres.), Non-Executive Director
• UniCredit (2018-Pres.), Non-Executive Director, Chair of the Related-Parties Committee, Member of the Corporate Governance & Nomination Committee, former Member of the Internal Controls & Risks Committee
• NedCommunity (2019-Pres.), Chair

Former Board Affiliations

• Autogrill (2017-2023), Non-Executive Director, Chair of Human Resources Committee
• Luxottica Group (2015-2019), Non-Executive Director
• AURORA AS (2018-2019), Non-Executive Director
• Banca Teatina (2015-2018), Non-Executive Director
• Standard & Poor's Global Italy (2015-2018), Non-Executive Director
• Nuove Banche Marche, Etruria e Lazio, Cassa di Risparmio di Chieti e Cassa di Risparmio di Ferrara (2015-2018), Non-Executive Director
• American Chamber of Commerce in Italy (2006-2017), Vice Chair

Paola Camagni

Italian	Education	Languages
Founder and Tax Partner	Università Commerciale Luigi Bocconi, Bachelors, Economics,	Italian – Native Language
Camagni e Associati	1994	English – Fluent
		French – Somewhat
	Università Commerciale Luigi Bocconi, Master, Tax law, 1995

Professional Experience		Current Board Affiliations
2013-Pres.	Camagni e Associati Founder and Tax Partner	• FSI (2022-Pres.), Non-Executive Director • TIM (2021-Pres.), Non-Executive Director, Member of Nomination and Remuneration Committee, Member of Sustainability Committee
2016	Presidenza del Consiglio dei Ministri della Repubblica Italiana Member of the Tax and Economic Experts Committee	• CNP Vita (2017-Pres.), Member of Board of Statutory Auditors • Agenzia Giornalistica Italia (AGI) (2016-Pres.), Chair of Board of Statutory Auditors • Mozambique Rovuma Venture (Eni Group) (2015-Pres.), Chair of Board of Statutory Auditors
2000-2013	Studio Tributario e Societario Deloitte Head of Real Estate Tax Practice	Former Board Affiliations • Azule Energy (2016-Pres.), Member of Board of Statutory Auditors • Cellularline (2019-2020), Non-Executive Director, Chair of Related parties Committee, Member of
1996-2000	Studio Tributario Deiure Chartered Accountant	Control Risk Committee, Member of Nomination and Remuneration Committee • Eni (2014-2020), Member of Board of Statutory Auditors • Eni Rewind (2015-2023), Member of Board of Statutory Auditors
1994-1996	Ernst & Young (Italy) Chartered Accountant	• Oracle (2004-2021), Member of Board of Statutory Auditors • Zara italia (1999-2002), Member of Board of Statutory Auditors • Cantieri di Sarnico (1998-2000), Non-Executive Director
		Professional Qualifications

• Registered Auditor, 1999
• Certified Accountant, 1995

Julie Galbo

Danish; Spanish former Head of Group Business Risk Management Nordea Netherlands

Education

University of Copenhagen, MA, Law, 1998

Languages

Danish – Native Language English – Fluent German – Basic French – Basic Swedish – Basic

Professional Experience 2014-2019 Nordea 2019 Head of Group Business Risk Management 2017-2018 Group Executive Management, Group Chief Risk Officer, Head of Group Risk Management and Control 2015-2016 Chair of Legal Structure Program, Head of Regulatory Change Mgmt 2014-2015 Head of Alternatives and Manager Selection, Nordea Asset Management 2010-2014 Danish Financial Supervisory Authority Deputy Director General 2009-2010 Ministry of Economic and Business Affairs, Denmark Head of Division, State Capital Injections 2005-2009 Nordea 2008-2009 Executive Advisor & Head of Management Support, Private Banking 2006-2008 Project Manager, MiFID Implementation, Markets 2005-2006 Chief Compliance Officer, Markets Denmark 1998-2005 Danish Financial Supervisory Authority 2003-2005 Deputy Director, Markets Denmark Current Board Affiliations Former Board Affiliations

• Trifork Holding (2021-Pres.), Chair, Member of Nomination & Remuneration Committee, Member of Strategy Committee
• Commonwealth Bank of Australia (2021-Pres.), Non-Executive Director, Member of Audit Committee, Member of Risk & Compliance Committee
• DNB Bank (2020-Pres.), Non-Executive Director, Member of Risk Management Committee, Member of Audit Committee
• ESMA European Securities and Markets Authority (2012-2014), Chair, Member of Nomination Committee

Also suited for Audit Committee

Gabriele Villa

Italian Founder and Partner Studio Corbella - Villa - Crostarosa - Guicciardi Milan, Italy

Education Università Cattolica di Milano, Degree, Economics, 1988

Languages Italian – Native Language English – Fluent

Professional Experience

• Present Studio Corbella – Villa - Crostarosa - Guicciardi Founder and Partner
• Present Università Cattolica del Sacro Cuore Associate Professor

Current Board Affiliations

• Edison (2017-Pres.), Member of Board of Statutory Auditors
• Italmobiliare (2020-Pres.), Member of Board of Statutory Auditors

Former Board Affiliations

• Mediobanca (2008-2017), Member of Board of Statutory Auditors; (2017-2023), Non-Executive Director
• Webuild (2014-2018), Member of Board of Statutory Auditors

Professional Qualifications

• Chartered Accountant
• Registered Auditor

DISCLAIMER

• This Presentation may contain written and oral "forward-looking statements", which includes all statements that do not relate solely to historical or current facts and which are therefore inherently uncertain. All forward-looking statements rely on a number of assumptions, expectations, projections and provisional data concerning future events and are subject to a number of uncertainties and other factors, many of which are outside the control of UniCredit S.p.A. (the "Company"). There are a variety of factors that may cause actual results and performance to be materially different from the explicit or implicit contents of any forward-looking statements and thus, such forwardlooking statements are not a reliable indicator of future performance. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable law. The information and opinions contained in this Presentation are provided as at the date hereof and are subject to change without notice. Neither this Presentation nor any part of it nor the fact of its distribution may form the basis of, or be relied on or in connection with, any contract or investment decision
• The information, statements and opinions contained in this Presentation are for information purposes only and do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of an offer to purchase or subscribe for securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments. None of the securities referred to herein have been, or will be, registered under the U.S. Securities Act of 1933, as amended, or the securities laws of any state or other jurisdiction of the United States or in Australia, Canada or Japan or any other jurisdiction where such an offer or solicitation would be unlawful (the "Other Countries"), and there will be no public offer of any such securities in the United States. This Presentation does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or the Other Countries
• Neither the Company nor any member of the UniCredit Group nor any of its or their respective representatives, directors or employees accept any liability whatsoever in connection with this Presentation or any of its contents or in relation to any loss arising from its use or from any reliance placed upon it