Unicredit — Capital/Financing Update 2022

May 5, 2022

Following the communication received by the Single Resolution Board (SRB) and Banca d'Italia, the following Minimum Requirements for Own Funds and Eligible Liabilities (MREL) apply to UniCredit SpA on a consolidated basis.

The intermediate binding MREL is confirmed equal to:

- 20.73 percent of Risk Weighted Assets (RWA) plus the applicable Combined Buffer Requirement (CBR);

- 5.90 percent of Leverage Ratio Exposures (LRE).

The intermediate binding MREL subordinated component, i.e. to be met with subordinated instruments, is confirmed equal to:

- 11.79 percent of RWA plus the applicable CBR;

- 5.68 percent of LRE.

From 1 January 2024 the fully loaded MREL will be equal to:

- 21.83 percent of RWA plus the applicable CBR;

- 5.90 percent of LRE*.

The fully loaded MREL subordinated component will be equal to:

- 15.53 percent of RWA plus the applicable CBR;

- 5.77 percent of LRE*.

The above subordination requirements take into account the "senior allowance" benefit, which allows to meet part of the subordinated requirement with senior (non-subordinated) instruments.

As of 1Q22, UniCredit is well above these requirements, with MREL eligible liabilities equal to:

- 26.85 percent of RWA;

- 8.46 percent of LRE.

The MREL subordinated eligible liabilities are equal to:

- 21.28 percent of RWA;

- 6.71 percent of LRE.

Milan, 5 May 2022

Enquiries:

Investor Relations

e mail: investorrelations@unicredit.eu

Media Relations

e mail: mediarelations@unicredit.eu

*LRE requirement defined and communicated by SRB in line with "SRB approach to CRR discretion on leverage and MREL calibration" published on 22 December 2021 and 7 March 2022.