Unicredit — Capital/Financing Update 2023

Dec 12, 2023

PRESS RELEASE

UniCredit well above the specific capital requirements set by ECB

Following the communication received from the ECB in relation to the 2023 Supervisory Review and Evaluation Process (SREP), UniCredit's Pillar 2 Capital Requirement (P2R) remains at 200 basis points1.

From 1 January 2024 UniCredit will respect the following capital requirements on a

consolidated basis:

• 10.03 per cent CET1 ratio

• 11.90 per cent Tier 1 ratio

• 14.40 per cent Total Capital ratio

The above capital ratios include the Combined Buffer Requirement to be met with CET1 instruments, composed by 2.50 per cent Capital Conservation Buffer (CCB), 1.50 per cent O-SII buffer2 , 0.37 per cent Countercyclical Capital Buffer (CCyB) and 0.03 per cent Systemic Risk Capital buffer (SyRB)3

As of 30 September 2023, UniCredit's capital ratios on a consolidated basis stood at:

• 17.19 per cent CET 1 ratio, fully loaded

• 17.50 per cent CET 1 ratio, transitional

• 19.17 per cent Tier 1 ratio, transitional

• 22.24 per cent Total Capital ratio, transitional

Milan, 11 December 2023

Contacts

Media Relations: e-mail MediaRelations@unicredit.eu

Investor Relations: e-mail InvestorRelations@unicredit.eu

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1 Following CRD V Art. 104a, banks shall meet the Pillar 2 Capital Requirement (P2R) with at least 75% of Tier 1 capital and at least 56.25% of Common Equity Tier 1 (CET1) capital.

2 See UniCredit's Press Release of 24 November 2023.

3 CCyB and SyRB as of 30 September 2023. These buffers are recalculated on a quarterly basis and therefore

could vary accordingly.