Unicredit — Remuneration Information 2020

Mar 10, 2020

One Bank, One Team, One UniCredit.

Annex 1 to 2020 Group Remuneration Policy and Report

Information Tables Pursuant Art. 84-quater "Annual Report - Section II" of the Regulation n° 11971 Issued by Commissione Nazionale per le Società e la Borsa (Consob)

Year 2019

In the following pages a set of tables presents the quantitative information that the Company must provide in compliance with article 84-quater of Consob's Issuers Regulation nr. 11971.

In such regards, please note that the information requested at Section I and at the First Part of Section II of the Compensation Report, to be prepared in compliance with Attachment 3A, Schedule 7-bis of the above mentioned Regulation, is contained in the "Remuneration Report", published within the "2020 Group Remuneration Policy and Report", of which this document represents an enclosure.

The following set of tables provides in particular the information foreseen by the Second Part of the above mentioned Section II.

For a deeper understanding of the methodological criteria underlying the information reported in the various tables, reference is made to Annex 3A of the said Consob Regulation.

Here below a brief information on the contents of the various tables is reported:

TABLE 1: Compensation paid to members of the administrative and auditing bodies, to general managers and to other executives with strategic responsibilities

Provides, at an individual level and on an accrual basis, the details of the compensation paid to the members of the Board of Directors, Board of Statutory Auditors and General Managers.

For the other executives with strategic responsibilities, the information is provided on an aggregate basis. Please note that the related perimeter - defined by the Board of Directors - has changed during the year. On February 6, 2019 the Board approved in fact a reorganization which led to immediately discontinue the General Manager position and to further changes effective March 29, 2019. Up to that date - additionally to the Chief Executiver Officer (and General Manager till February 6) - the other executives with strategic responsibilities were the co-Chief Operating Officers, the Heads of Group Compliance, Group Human Capital, Group Legal, Group Risk Management, Group Lending Office, Group Transformation Office and Internal Audit. From March 29, 2019 the perimeter is made up of the co-Heads of Commercial Banking Western Europe, co-Heads Commercial Banking Central Eastern Europe, co-Chief Operating Officers, Heads of Group Compliance, Group Human Capital, Group Legal, Group Risk Management and Internal Audit. The related data are reported pro quota and, for comparability purposes, correspond to 10.5 Full Time Equivalent (FTE). The overall compensation paid by UniCredit S.p.A. for 2019 to the Board of Directors and to the Board of Statutory Auditors amounts respectively to € 4,170,819 and € 842,304 .

The "Fair value of equity compensation" (column 7) does not represent a value actually paid to/gained by the beneficiaries of equity plans, being instead the cost that the Company is booking - on an accrual basis and during the vesting period - in consideration of the provision of incentives based on financial instruments. More details on such plans are provided at the following Table 2 and Table 3A.

TABLE 2: Stock Options assigned to the members of the administrative body, to general managers and other executives with strategic responsibilities

Neither the non-executive members of the Board of Directors, nor the members of the Board of Statutory Auditors benefit from any incentive plan, be it based on financial instruments or cash.

Only some executives with strategic responsibilities benefit from stock option/performance stock options plans launched by the Company in the previous years.

The Stock Options 2005 lapsed, having ended their exercise period.

At current prices, the still outstanding 2006 Stock Options are largely out of the money.

TABLE 3A: Incentive plans based on financial instruments other than stock options, in favor of members of the administrative body, general managers and other executives with strategic responsibilities

The table reports the number of shares promised and/or granted in connection with short/long term incentive systems.

With reference to the Group Incentive Systems, the table reports the shares granted/promised in relation to equity deferrals, subject to malus and claw-back clauses. For the plans' features reference is made to the the description contained in the Compensation Report.

Please note that for both the Chief Executive Officer and the General Manager, the 2017-2019 LTI Plan, linked to the Tranform 2019 strategic plan, represents the sole incentive tool over the plan horizon.

TABLE 3B: Monetary incentive plans in favor of members of the administrative body, general managers and other executives with strategic responsabilities

Provides the details of all the cash incentives accrued and/or paid during the year in favor of the Chief Executive Officer, General Manager and other executives with strategic responsibilities. Neither the non-executive members of the Board of Directors, nor the Statutory Auditors receive any variable compensation.

As already mentioned, neither the Chief Executive Officer nor the General Manager participated into the 2019 annual incentive scheme.

The positive performance achieved in 2019 allowed the payout of the incentives foreseen within the 2019 Group Incentive System, as well as the full payout of the deferred amounts which were subject to verification of access conditions as at December 31, 2019.

Information on the investments held by the members of the administrative and auditing bodies, by general managers and by other executives with strategic responsibilities

Table 1 and Table 2, drafted in compliance with schedule 7-ter, provide the shareholdings in UniCredit or its controlled/ associated companies held, respectively, by the members of the administrative/auditing bodies and by the General Manager as well as by other executives with strategic responsibilities.

Amounts in Euro	TABLE 1: Compensation paid to members of the administrative and auditing bodies, to general managers and to other executives with strategic responsibilities.
(A)	(B)	(C)		(D)			(1)				(2)	(3)		(4)	(5)	(6)	(7)	(8)
							Fixed compensation					Variable non-equity compensation						Severance
Name and surname	Office	Period for which office was held		Office expiry	Emoluments Shareholders resolved by ' Meeting the	Attendance tokens	reimburseme Lump sum expense nts	Italian Civil offices ex sec. 2389 Comp.for specific Code	Employment fixed salary	Total	Compensatio participation committee n for	Bonuses and incentives other	sharing Profit	monetary benefits Non	remuneratio Other n	Total	Fair value of compensatio equity n	termination employment indemnity for end of office or of
Fabrizio Saccomanni	Chairman of the Board	01/01/2019	08/08/2019		45,205	12,400		467,123		524,729				4,496		529,225
	Participation Off Site Meeting and other Committees as guest					800				800						800
	(I) Compensation in the company preparing the financial statements				45,205	13,200	0	467,123	0	525,529	0	0	0	4,496	0	530,025	0	0
	(II) Compensation from subsidiaries and associates									0						0
	(III) Total				45,205	13,200	0	467,123	0	525,529	0	0	0	4,496	0	530,025	0	0
Cesare Bisoni	Deputy Vice Chairman of the Board	01/01/2019	08/08/2019		45,205	13,000				58,205						58,205
	Chairman of the Board Pro Tempore	09/08/2019	19/09/2019		8,630			89,178		97,808						97,808
	Chairman of the Board	20/09/2019	31/12/2019	approv. A.R. 2020	21,164	4,000		218,699
	Chairman of Related Parties and Equity Investments Committee	01/01/2019	07/10/2019		26,849	8,000		7,671		42,521						42,521
	Member of Corp. Gover., Nomination & Sustainability Committee	01/01/2019	31/12/2019	approv. A.R. 2020	35,000	12,400				47,400						47,400
	Participation Off Site Meeting and other Committees as guest					2,400				2,400						2,400
	(I) Compensation in the company preparing the financial statements				136,849	39,800	0	315,548	0	492,197	0	0	0	0	0	492,197	0	0
	(II) Compensation from subsidiaries and associates									0						0
	(III) Total				136,849	39,800	0	315,548	0	492,197	0	0	0	0	0	492,197	0	0
Lamberto Andreotti	Member of the Board	01/01/2019	07/10/2019		57,534	9,000				66,534						66,534
	Deputy Vice Chairman of the Board	08/10/2019	31/12/2019	approv. A.R. 2020	17,466	2,800
	Chairman of Remuneration Committee	01/01/2019	31/12/2019	approv. A.R. 2020	35,000	8,000		10,000		53,000						53,000
	Participation Off Site Meeting and other Committees as guest					1,600				1,600						1,600
	(I) Compensation in the company preparing the financial statements				110,000	21,400	0	10,000	0	141,400	0	0	0	0	0	141,400	0	0
	(II) Compensation from subsidiaries and associates									0						0
	(III) Total				110,000	21,400	0	10,000	0	141,400	0	0	0	0	0	141,400	0	0

Consob Issuers Regulation nr. 11971 - Annex 3A / Schedule 7-bis TABLE 1: Compensation paid to members of the administrative and auditing bodies, to general managers and to other executives with strategic responsibilities.

(A)	(B)	(C)		(D)			(1)				(2)	(3)		(4)	(5)	(6)	(7)	(8)
							Fixed compensation					Variable non-equity compensation						Severance indemnity
Name and surname	Office	Period for which office was held		Office expiry	Emoluments Shareholders resolved by ' Meeting the	Attendance tokens	reimburseme Lump sum expense nts	Italian Civil sec. 2389 offices ex Comp.for specific Code	Employment fixed salary	Total	Compensatio participation committee n for	Bonuses and incentives other	sharing Profit	monetary benefits Non	remuneratio Other n	Total	Fair value of compensatio equity n	termination employment for end of office or of
Jean Pierre Mustier	Chief Executive Officer	01/01/2019	31/12/2019	approv. A.R. 2020	75,000	17,000		402,000	707,999	1,201,999		0		5,304	0	1,207,303	1,039,054
	Participation Off Site Meeting and other Committees as guest					2,000				2,000						2,000
	(I) Compensation in the company preparing the financial statements				75,000	19,000	0	402,000	707,999	1,203,999	0	0	0	5,304	0	1,209,303	1,039,054	0
	(II) Compensation from subsidiaries and associates									0						0
	(III) Total				75,000	19,000	0	402,000	707,999	1,203,999	0	0	0	5,304	0	1,209,303	1,039,054	0
Mohamed Hamad Al Mehairi	Member of the Board	01/01/2019	31/12/2019	approv. A.R. 2020	75,000	10,800				85,800						85,800
	Participation Off Site Meeting and other Committees as guest					1,200				1,200						1,200
	(I) Compensation in the company preparing the financial statements				75,000	12,000	0	0	0	87,000	0	0	0	0	0	87,000	0	0
	(II) Compensation from subsidiaries and associates									0						0
	(III) Total				75,000	12,000	0	0	0	87,000	0	0	0	0	0	87,000	0	0
Sergio Balbinot	Member of the Board	01/01/2019	31/12/2019	approv. A.R. 2020	75,000	9,600				84,600						84,600
	Participation Off Site Meeting and other Committees as guest									0						0
	(I) Compensation in the company preparing the financial statements				75,000	9,600	0	0	0	84,600	0	0	0	0	0	84,600	0	0
	(II) Compensation from subsidiaries and associates									0						0
	(III) Total				75,000	9,600	0	0	0	84,600	0	0	0	0	0	84,600	0	0
Martha Boeckenfeld	Member of the Board	01/01/2019	18/09/2019		53,630	10,000				63,630						63,630
	Member of Internal Control and Risks Committee	01/01/2019	18/09/2019		35,753	10,800
	Participation Off Site Meeting					400				400						400
	(I) Compensation in the company preparing the financial statements				89,384	21,200	0	0	0	110,584	0	0	0	0	0	110,584	0	0
	(II) Compensation from subsidiaries and associates									0						0
	(III) Total				89,384	21,200	0	0	0	110,584	0	0	0	0	0	110,584	0	0

(A)	(B)	(C)		(D)			(1)				(2)	(3)		(4)	(5)	(6)	(7)	(8)
							Fixed compensation					Variable non-equity compensation						Severance
Name and surname	Office	Period for which office was held		Office expiry	Emoluments Shareholders resolved by ' Meeting the	Attendance tokens	reimburseme Lump sum expense nts	Italian Civil offices ex sec. 2389 Comp.for specific Code	Employment fixed salary	Total	Compensatio participation committee n for	Bonuses and incentives other	sharing Profit	monetary benefits Non	remuneratio Other n	Total	Fair value of compensatio equity n	termination employment indemnity for end of office or of
Vincenzo Cariello	Member of the Board	01/01/2019	31/12/2019	approv. A.R. 2020	75,000	17,000				92,000				7,194		99,194
	Member of Related Parties Committee	01/01/2019	31/12/2019	approv. A.R. 2020	35,000	9,600				44,600						44,600
	Participation Off Site Meeting and other Committees as guest					2,400				2,400						2,400
	(I) Compensation in the company preparing the financial statements				110,000	29,000	0	0	0	139,000	0	0	0	7,194	0	146,194	0	0
	(II) Compensation from subsidiaries and associates									0						0
	(III) Total				110,000	29,000	0	0	0	139,000	0	0	0	7,194	0	146,194	0	0
Elena Carletti	Member of the Board	07/02/2019	31/12/2019	approv. A.R. 2020	67,397	12,200				79,597						79,597
	Member of Remuneration Committee	07/02/2019	31/12/2019	approv. A.R. 2020	31,452	6,800				38,252						38,252
	Member of Internal Control and Risks Committee	07/02/2019	31/12/2019	approv. A.R. 2020	44,932	13,000				57,932						57,932
	Participation Off Site Meeting and other Committees as guest					2,400				2,400						2,400
	(I) Compensation in the company preparing the financial statements				143,781	34,400	0	0	0	178,181	0	0	0	0	0	178,181	0	0
	(II) Compensation from subsidiaries and associates									0						0
	(III) Total				143,781	34,400	0	0	0	178,181	0	0	0	0	0	178,181	0	0
Isabelle de Wismes	Member of the Board	01/01/2019	31/12/2019	approv. A.R. 2020	75,000	14,200				89,200						89,200
	Member of Internal Control and Risks Committee	01/01/2019	31/12/2019	approv. A.R. 2020	50,000	16,400				66,400						66,400
	Participation Off Site Meeting and other Committees as guest					2,400				2,400						2,400
	(I) Compensation in the company preparing the financial statements				125,000	33,000	0	0	0	158,000	0	0	0	0	0	158,000	0	0
	(II) Compensation from subsidiaries and associates									0						0
	(III) Total				125,000	33,000	0	0	0	158,000	0	0	0	0	0	158,000	0	0
Stefano Micossi	Member of the Board	01/01/2019	31/12/2019	approv. A.R. 2020	75,000	14,600				89,600						89,600
	Chairman del Comitato Corp. Gover., Nomination & Sustainability	01/01/2019	31/12/2019	approv. A.R. 2020	35,000	12,400	0	10,000		57,400						57,400
	Member of Related Parties Committee	01/01/2019	31/12/2019	approv. A.R. 2020	35,000	8,000				43,000						43,000
	Participation Off Site Meeting and other Committees as guest					2,000				2,000						2,000
	(I) Compensation in the company preparing the financial statements				145,000	37,000	0	10,000	0	192,000	0	0	0	0	0	192,000	0	0
	(II) Compensation from subsidiaries and associates									0						0
	(III) Total				145,000	37,000	0	10,000	0	192,000	0	0	0	0	0	192,000	0	0

(A)	(B)		(C)	(D)			(1)				(2)	(3)		(4)	(5)	(6)	(7)	(8)
							Fixed compensation					Variable non-equity compensation						Severance indemnity
Name and surname	Office	held	Period for which office was	Office expiry	Emoluments Shareholders resolved by ' Meeting the	Attendance tokens	reimburseme Lump sum expense nts	Italian Civil offices ex sec. 2389 Comp.for specific Code	Employment fixed salary	Total	Compensatio participation committee n for	Bonuses and incentives other	sharing Profit	monetary benefits Non	remuneratio Other n	Total	Fair value of compensatio equity n	employment termination for end of office or of
Maria Pierdicchi	Member of the Board	01/01/2019	31/12/2019	approv. A.R. 2020	75,000	15,400				90,400						90,400
	Member of Internal Control and Risks Committee	01/01/2019	31/12/2019	approv. A.R. 2020	50,000	16,400				66,400						66,400
	Chairman of Related Parties Committee	08/10/2019	31/12/2019	approv. A.R. 2020	8,151	1,600		2,329
	Participation Off Site Meeting and other Committees as guest					2,400				2,400						2,400
	(I) Compensation in the company preparing the financial statements				133,151	35,800	0	2,329	0	171,279	0	0	0	0	0	171,279	0	0
	(II) Compensation from subsidiaries and associates									0						0
	(III) Total				133,151	35,800	0	2,329	0	171,279	0	0	0	0	0	171,279	0	0
Andrea Sironi	Member of the Board	01/01/2019	06/02/2019		7,603	2,000				9,603						9,603
	Member of Remuneration Committee	01/01/2019	06/02/2019		3,548	1,600				5,148						5,148
	Member of Internal Control and Risks Committee	01/01/2019	06/02/2019		5,068	3,000				8,068						8,068
	Participation Off Site Meeting and other Committees as guest									0						0
	(I) Compensation in the company preparing the financial statements				16,219	6,600	0	0	0	22,819	0	0	0	0	0	22,819	0	0
	(II) Compensation from subsidiaries and associates									0						0
	(III) Total				16,219	6,600	0	0	0	22,819	0	0	0	0	0	22,819	0	0
Francesca Tondi	Member of the Board	01/01/2019	31/12/2019	approv. A.R. 2020	75,000	15,800				90,800						90,800
	Member of Corp. Gover., Nomination & Sustainability Committee	01/01/2019	31/12/2019	approv. A.R. 2020	35,000	12,400				47,400						47,400
	Member of Internal Control and Risks Committee	08/10/2019	31/12/2019	approv. A.R. 2020	11,644	2,800
	Participation Off Site Meeting and other Committees as guest					2,400				2,400						2,400
	(I) Compensation in the company preparing the financial statements				121,644	33,400	0	0	0	155,044	0	0	0	0	0	155,044	0	0
	(II) Compensation from subsidiaries and associates									0						0
	(III) Total				121,644	33,400	0	0	0	155,044	0	0	0	0	0	155,044	0	0

(A)	(B)		(C)	(D)			(1)				(2)	(3)		(4)	(5)	(6)	(7)	(8)
							Fixed compensation					Variable non-equity compensation						Severance
Name and surname	Office		Period for which office was held	Office expiry	Emoluments Shareholders resolved by ' Meeting the	Attendance tokens	reimburseme Lump sum expense nts	Italian Civil offices ex sec. 2389 Comp.for specific Code	Employment fixed salary	Total	Compensatio participation committee n for	Bonuses and incentives other	sharing Profit	monetary benefits Non	remuneratio Other n	Total	Fair value of compensatio equity n	termination employment indemnity for end of office or of
Alexander Wolfgring	Member of the Board	01/01/2019	31/12/2019	approv. A.R. 2020	75,000	14,600				89,600				7,194		96,794
	Chairman of Internal Control and Risks Committee	01/01/2019	31/12/2019	approv. A.R. 2020	50,000	17,000		100,000		167,000						167,000
	Member of Corp. Gover., Nomination & Sustainability Committee	01/01/2019	31/12/2019	approv. A.R. 2020	35,000	12,400
	Participation Off Site Meeting and other Committees as guest					2,400				2,400						2,400
	(I) Compensation in the company preparing the financial statements				160,000	46,400	0	100,000	0	306,400	0	0	0	7,194	0	313,594	0	0
	(II) Compensation from subsidiaries and associates									0						0
	(III) Total				160,000	46,400	0	100,000	0	306,400	0	0	0	7,194	0	313,594	0	0
Elena Zambon	Member of the Board	01/01/2019	31/12/2019	approv. A.R. 2020	75,000	13,600				88,600						88,600
	Member of Corp. Gover., Nomination & Sustainability Committee	01/01/2019	31/12/2019	approv. A.R. 2020	35,000	10,800				45,800						45,800
	Member of Remuneration Committee	01/01/2019	31/12/2019	approv. A.R. 2020	35,000	7,600
	Participation Off Site Meeting and other Committees as guest					1,600				1,600						1,600
	(I) Compensation in the company preparing the financial statements				145,000	33,600	0	0	0	178,600	0	0	0	0	0	178,600	0	0
	(II) Compensation from subsidiaries and associates									0						0
	(III) Total				145,000	33,600	0	0	0	178,600	0	0	0	0	0	178,600	0	0
TOTALE BOARD	(I) Compensation in the company preparing the financial statements				1,706,233	425,400	0	1,307,000	707,999	4,146,632	0	0	0	24,187	0	4,170,819	1,039,054	0
	(II) Compensation from subsidiaries and associates				0	0	0	0	0	0	0	0	0	0	0	0	0	0
	(III) Total				1,706,233	425,400	0	1,307,000	707,999	4,146,632	0	0	0	24,187	0	4,170,819	1,039,054	0

(A)	(B)	(C)		(D)			(1)				(2)	(3)		(4)	(5)	(6)	(7)	(8)
							Fixed compensation					Variable non-equity compensation						Severance indemnity
Name and surname	Office	Period for which office was held		Office expiry	Emoluments Shareholders resolved by ' Meeting the	Attendance tokens	reimburseme Lump sum expense nts	Italian Civil offices ex sec. 2389 Comp.for specific Code	Employment fixed salary	Total	Compensatio participation committee n for	Bonuses and incentives other	sharing Profit	monetary benefits Non	remuneratio Other n	Total	Fair value of compensatio equity n	termination employment for end of office or of
Pierpaolo Singer	Chairman Board Statutory Auditors	01/01/2019	11/04/2019		38,740	9,200				47,940						47,940
	(I) Compensation in the company preparing the financial statements				38,740	9,200	0	0	0	47,940	0	0	0	0	0	47,940	0	0
	(II) Compensation from subsidiaries and associates									0						0
	(III) Total				38,740	9,200	0	0	0	47,940	0	0	0	0	0	47,940	0	0
Marco Rigotti	Chairman Board Statutory Auditors	11/04/2019	31/12/2019	approv. bil. 2021	122,959	24,400				147,359				6,921		154,280
	(I) Compensation in the company preparing the financial statements				122,959	24,400	0	0	0	147,359	0	0	0	6,921	0	154,280	0	0
	(II) Compensation from subsidiaries and associates									0						0
	(III) Total				122,959	24,400	0	0	0	147,359	0	0	0	6,921	0	154,280	0	0
Antonella Bientinesi	Sindaco Effettivo	01/01/2019	31/12/2019	approv. bil. 2021	125,000	27,600				152,600				6,921		159,521
	(I) Compensation in the company preparing the financial statements				125,000	27,600	0	0	0	152,600	0	0	0	6,921	0	159,521	0	0
	(II) Compensation from subsidiaries and associates									0						0
	(III) Total				125,000	27,600	0	0	0	152,600	0	0	0	6,921	0	159,521	0	0
Angelo Rocco Bonissoni	Sindaco Effettivo	01/01/2019	31/12/2019	approv. bil. 2021	125,000	28,400				153,400				6,921		160,321
	(I) Compensation in the company preparing the financial statements				125,000	28,400	0	0	0	153,400	0	0	0	6,921	0	160,321	0	0
	(II) Compensation from subsidiaries and associates									0						0
	(III) Total				125,000	28,400	0	0	0	153,400	0	0	0	6,921	0	160,321	0	0
Benedetta Navarra	Sindaco Effettivo	01/01/2019	31/12/2019	approv. bil. 2021	125,000	28,000				153,000				6,921		159,921
	(I) Compensation in the company preparing the financial statements				125,000	28,000	0	0	0	153,000	0	0	0	6,921	0	159,921	0	0
	(II) Compensation from subsidiaries and associates				30,000					30,000						30,000
	(III) Total				155,000	28,000	0	0	0	183,000	0	0	0	6,921	0	189,921	0	0

(8)	Severance indemnity	termination employment for end of office or of		0		0	0	0	0
(7)		Fair value of compensatio equity n		0		0	0	0	0
(6)		Total	160,321	160,321	17,205	177,526	842,304	47,205	889,508
(5)		remuneratio Other n		0		0	0	0	0
(4)		monetary benefits Non	6,921	6,921	2,019	8,940	34,605	2,019	36,624
		sharing Profit		0		0	0	0	0
(3)	Variable non-equity compensation	Bonuses and incentives other		0		0	0	0	0
(2)		Compensatio participation committee n for		0		0	0	0	0
		Total	153,400	153,400	15,186	168,586	807,699	45,186	852,884
		Employment fixed salary		0		0	0	0	0
(1)		Italian Civil offices ex sec. 2389 Comp.for specific Code		0		0	0	0	0
	Fixed compensation	reimburseme Lump sum expense nts		0	186	186	0	186	186
		Attendance tokens	28,400	28,400		28,400	146,000	0	146,000
		Emoluments Shareholders resolved by ' Meeting the	125,000	125,000	15,000	140,000	661,699	45,000	706,699
(D)		Office expiry	approv. bil. 2021
(C)		Period for which office was held	31/12/2019
			01/01/2019
(B)		Office	Sindaco Effettivo	(I) Compensation in the company preparing the financial statements	(II) Compensation from subsidiaries and associates	(III) Total	(I) Compensation in the company preparing the financial statements	(II) Compensation from subsidiaries and associates	(III) Total
(A)		Name and surname	Guido Paolucci				TOTALE COLLEGIO	SINDACALE

(8)	Severance indemnity	termination employment for end of office or of	3,658,383	3,658,383		3,658,383
(7)		Fair value of compensatio equity n	84,829	84,829		84,829	3,949,214		3,949,214
(6)		Total	155,763	155,763		155,763	9,981,709		9,981,709
(5)		remuneratio Other n	10,634	10,634		10,634	167,492		167,492
(4)		monetary benefits Non	25,129	25,129		25,129	350,743		350,743
		sharing Profit						0
(3)	Variable non-equity compensation	Bonuses and incentives other	0				1,571,508		1,571,508
(2)		Compensatio participation committee n for						0
		Total	120,000	120,000		120,000	7,891,966		7,891,966
		Employment fixed salary	120,000	120,000		120,000	7,891,966		7,891,966
(1)	Fixed compensation	Italian Civil offices ex sec. 2389 Comp.for specific Code
		reimburseme Lump sum expense nts
		Attendance tokens
		Emoluments Shareholders resolved by ' Meeting the
(D)		Office expiry
			06/02/2019
(C)		Period for which office was held	01/01/2019
(B)		Office	Direttore Generale	(I) Compensation in the company preparing the financial statements	(II) Compensation from subsidiaries and associates	(III) Total	(I) Compensation in the company preparing the financial statements	(II) Compensation from subsidiaries and associates	(III) Total
(A)		Name and surname	Gianni Franco Papa				Altri Dirigenti con	Responsabilità Strategiche	(totale 10,5 FTE)

				Options Held at Star of the Year					Options Assigned During the Year				Options Exercised During the Year		(14)	(15)	(16)
A	B	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)
Name and Surname	Office	Plan	Number of Options	Exercise Price	Period of Possible Exercise (fromto)	Number of Options	Exercise Price	Period of Possible Exercise (fromto)	Fair Value at Assign. Date	Assignment Date	Market Price of Assignement Shares upon Underlying of Options	Number of Options	Exercise Price	Exercise Date Market Price Underlying Shares on of	Options Lapsed During the Year (Number)	Options Held at the End of the Year	Relevant to the Year (Fair Options Value)
Jean Pierre Mustier	Amministratore Delegato
(I) Compensation in company preparing financial statements			-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(II) Compensation from Subsidiaries and Associates		-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(III) Total			0	-	-	0	-	-	0	-	-	0	-	-	0	0	0
Gianni Franco Papa	General Manager
(I) Compensation in company preparing financial statements		2005 Stock Options	1,430	134.691	18/11/2009 31/12/2018	-	-	-	-	-	-	-	-	-	1,430	0	0
		2006 Stock Options	1,076	166.399	13/06/2010 31/12/2019	-	-	-	-	-	-	-	-	-	-	1,076	0
(II) Compensation from Subsidiaries and Associates
(III) Total			2,506	-	-	0	-	-	0	-	-	0	-	-	1,430	1,076	0
Other Executives with Strategic Responsibilities
preparing financial statements (I) Compensation in company	n. 5 Executives	2005 Stock Options	24,889	134.691	18/11/2009 31/12/2018	-	-	-	-	-	-	-	-	-	24,889	0	0
	n. 6 Executives	2006 Stock Options	23,747	166.399	13/06/2010 31/12/2019	-	-	-	-	-	-	-	-	-	0	23,747	0
(II) Compensation from Subsidiaries and Associates		-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(III) Total			48,636	-	-	0	-	-	0	-	-	0	-	-	24,889	23,747	0

Consob Issuers Regulation nr. 11971 - Annex 3A / Schedule 7-bis TABLE 2: Stock Options Assigned to the Members of theAdministrative Body, to General Managers and Other Executives with Strategic Responsibilities

Consob Issuers Regulation nr. 11971 - Annex 3A / Schedule 7-bis		TABLE 3A: Incentive plans based on financial instruments other than stock options, in favour of members of the administrative body, general managers and other executives with strategic responsibilities
				Financial instruments assigned during previous years and not vested during the year			Financial instruments assigned during the year			vested during the year and instruments Financial	Financial instruments vested during the year and asignable		relevant to the instruments Financial year
A	B	(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	not assigned (9)	(10)	(11)	(12)
Name and surname	Office	Plan	type of financial Number and instruments	Vesting period	type of financial Number and instruments	Fair val. on assign. date	Vesting period	Assignment date	Market price assignment upon	type of financial Number and instruments	type of financial Number and instruments	maturity date Value on	Fair Value
Jean Pierre Mustier	Chief Executive Officer
(I) Compensation in company preparing financial statements		LTI 2017 _ 2019	521,134	31/12/2022	-	-	-	-	-	-	-	-	1,039,054
(II) Compensation from Subsidiaries and Associates		-	-	-	-	-	-	-	-	-	-	-	-
(III) Total			521,134	-	-	-	-	-	-	-	-	-	1,039,054
Gianni Franco Papa	General Manager
(I) Compensation in company preparing financial statements		UniCredit Shares promised under UniCredit 2014 Bonus Opportunity Plan	4,774	43,830	-	-	-	-	-	-	4,774	55,684	2,494
		UniCredit Shares promised under UniCredit 2015 Bonus Opportunity Plan	11,700	50% - 31/12/2019 50% - 31/12/2020	-	-	-	-	-	-	5,850	68,234	1,527
		LTI 2017 _ 2019	419,803	40% - 31/12/2019 60% - 31/12/2022	-	-	-	-	-	-	-	-	80,808
(II) Compensation from Subsidiaries and Associates		-	-	-	-	-	-	-	-	-	-	-	-
(III) Total			436,277	-	-	-	-	-	-	-	10,624	123,918	84,829
Other Executives with Strategic Responsibilities
(I) Compensation in company preparing financial statements	n. 12 Executive	UniCredit Shares promised under UniCredit 2014 Bonus Opportunity Plan	31,983	31/12/2019	-	-	-	-	-	-	31,983	373,050	137,533
	n. 12 Executive	UniCredit Shares promised under UniCredit 2015 Bonus Opportunity Plan	90,780	50% - 31/12/2019 50% - 31/12/2020	-	-	-	-	-	-	45,390	529,429	98,083
	n. 7 Executive	UniCredit Shares promised under UniCredit 2016 Bonus Opportunity Plan	104,691	33% - 31/12/2019 33% 33% - 31/12/2021 - 31/12/2020	-	-	-	-	-	-	69,798	814,124	159,148
	n. 8 Executive	LTI 2017 _ 2019	927,543	40% - 31/12/2019 60% - 31/12/2022	-	-	-	-	-	-	-	-	1,369,458
	n. 12 Executive	Bonus 2017	153,601	40% - 31/12/2019 20% - 20% - 31/12/2022 20% - 31/12/2021 31/12/2020	-	-	-	-	-	-	-	-	317,720
	n. 12 Executive	Bonus 2018	221,528	40% - 31/12/2020 20% - 20% - 31/12/2022 20% - 31/12/2023 31/12/2021	-	-	-	-	-	-	-	-	251,478
	n. 10 Executive	Bonus 2019 - Deferral scheme 1	-	-	198,085	2,571,936	35,8% - 31/12/2020 21,4% - 31/12/2022 21,4% - 31/12/2023 21,4% - 31/12/2024		12.984	-	-	-
	n. 3 Executive	Bonus 2019 - Deferral scheme 2	-	-	27,908	362,357	45,4% - 31/12/2020 18,2% - 31/12/2022 18,2% - 31/12/2023 18,2% - 31/12/2024	-	12.984	-	-	-	1,615,794
(II) Compensation from Subsidiaries and Associates		-	-	-	-	-	-	-	-	-	-	-	-
(III) Total			1,530,126	-	225,993	2,934,293	-	-	-	-	147,171	1,716,603	3,949,214

UniCredit Group - Internal Use Only#

Group Incentive System 2019 - Deferral Scheme 1: it applies to executives with variable compensation exceeding € 430,000 and provides for payment of 44% of the total bonus in cash, of which 20% is immediate and 24% deferred on two tranches. Group Incentive System 2019 - Deferral Scheme 2: applies to executives with variable remuneration of less than € 430,000 and provides for the payment of 45% of the total bonus in cash, of which 25% immediate and 20% deferred on two tranches.

Note:

A	B	(1)		(2)			(3)		(4)
				Annual Bonus			Previous Years Bonuses
Name and Surname	Office	Plan	(A)	(B)	( C )	(A)	(B)	( C )	Other Bonuses
			Payable / Paid	Deferred	Deferral Period	Non Longer Payable	Payable / Paid	Still Deferred
Jean Pierre Mustier	Chief Executive Officer
(I) Compensation In The Company Preparing the Financial Statements		nn	-	-	-	-	-	-	-
(II) Compensation from Subsidiaries and Associates		nn	-	-	-	-	-	-	-
(III) Total			-	-	-	-	-	-	-
Gianni Franco Papa	General Manager
(I) Compensation In The Company Preparing the Financial Statements		Group Incentive System 2015				-	-	200,000	-
(II) Compensation from Subsidiaries and Associates		nn	-	-	-	-	-	-	-
(III) Total			-	-	-	-	-	200,000	-
Other Executives with Strategic Responsibilities
(I) Compensation In The Company Preparing the Financial Statements		Group Incentive System 2015				-	-	1,552,000	-
		Group Incentive System 2016				-	-	911,400	-
		Group Incentive System 2017				-	-	1,072,300
		Group Incentive System 2018				-	488,100	976,200	-
		Group Incentive System 2019 - Deferral Scheme 1	918,658	1,102,389	50% 31.12.2024 50% 31.12.2021
		Group Incentive System 2019 - Deferral Scheme 2	164,750	131,800	50% 31.12.2024 50% 31.12.2021
(II) Compensation from Subsidiaries and Associates		nn	-	-	-	-	-	-	-
(III) Total			1,083,408	1,234,189	-	-	488,100	4,511,900	-
Amounts in Euro

Consob Issuers' Regulation nr. 11971 - Attachment 3A / Schedule 7-bis TABLE 3B: Monetary Incentive Plans in Favour of Members of the Administrative Body, General Managers and Other Executives

Note:

Group Incentive System 2019 - Deferral Scheme 1: it applies to executives with variable compensation exceeding € 430,000 and provides for payment of 44% of the total bonus in cash, of which 20% is immediate and 24% deferred on two tranches. Group Incentive System 2019 - Deferral Scheme 2: applies to executives with variable remuneration of less than € 430,000 and provides for the payment of 45% of the total bonus in cash, of which 25% immediate and 20% deferred on two tranches.

	TABLE 1: Investments of the Members of the Administrative and Auditing Bodies and General Managers
Consob Issuers Regulation nr. 11971 - Annex 3A / Schedule 7-ter

					Number of Shares
Name and Surname	Office	Investee Company	Type of Shares	End of 2018 Held at the (1)	Acquired	Sold	End of 2019 Held at the (1)
BOARD OF DIRECTORS
Jean Pierre Mustier	Chief Executive Officer	UniCredit	ord.	193,648	352,000		545,648
Elena Carletti (a)	Director			808			808
BOARD OF STATUTORY AUDITORS
Guido Paolucci	Auditor			319			319
GENERAL MANAGER
Gianni Franco Papa (b)	General Manager	UniCredit	ord.	68,836			68,836

GENERAL MANAGER
Gianni Franco Papa (b)	General Manager	ord. UniCredit	68,836	68,836
	(1) Or start / end date of appointment if different from indicated period
(a) from 07/02/2019

Consob Issuers Regulation nr. 11971 - Annex 3A / Schedule 7-ter

(b) till 06/02/2019

TABLE 2: Investments of Other Executives with Strategic Responsibilities

				Number of Shares
Number of Executives with Strategic Responsibilities	Investee Company	Type of Share	End of 2018 Held at the (1)	Acquired	Sold		End of 2019 Held at the (1)
13	UniCredit	ord.	509,786	70,740	(2)	0	580,526

(1) Or start / end date of appointment if different from indicated period

(2) Resulting from the granting in 2019 of free ordinary shares under the Group Incentive Schemes, net of the shares sold under the Share Netting process.

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