Unicredit — Remuneration Information 2021

Mar 8, 2021

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Annex 1 to 2021 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 2020

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 Requlation nr. 11971 (last modified under resolution no. 21623 of December 10, 2020). 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 "2021 Group Remuneration Policy and Report", of which this document represents an enclosure.

The following set of tables provides 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 Requlation.

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.

In compliance with Consob Resolution nr. n. 21623 of 10.12.2020, from this year the information regarding "Bonuses and other incentives" is provided on an accrual basis and independently from the fact that amounts are payable or still deferred. This is a different approach from the past, when amounts were reported on an out-of-pocket basis and included both the cash upfront quota of the annual bonus as well as the deferred amounts paid from previous years. 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 from the previous year, with the inclusion of the Head of Finance of Controls, additionally to 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 ca. 12 Full Time Equivalent (FTE).

The overall compensation paid by UniCredit S.p.A. for 2020 to the Board of Directors and to the Board of Statutory Auditors amounts respectively to € 3,875,489 and € 900,645.

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 key management personnel benefited from the 2006 Stock Option Plan. These options lapsed at the end of 2020, as their exercise period expired.

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 the Chief Executive Officer, the 2017/2019 LTI Plan (linked to the Transform 2019 strategic plan) and 2020/2023 LTI Plan (linked to Team '23 strategic plan) represented the sole incentive tools over the plans' horizon. The Fair Value represents the cost booked for 2020 in compliance with IFRS2 and is made up of:

• € 2,909,347 acceleration of the full cost of LTI 2017/2019 in consideration of its maintenance as "good leaver", as foreseen in the exit agreement whose terms have been disclosed with press release dated 21.12.2020;
• € 1.420.682 for the full 2020 quota of the LTI 2020/2023 that had to be booked according to international accounting standards in view of - and notwithstanding - the waiver of the entire variable incentive opportunity for 2020 already communicated in the press release dated 22.04.2020.

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 2020 annual incentive scheme.

The performance achieved in 2020 allowed, according to the Group Incentive System Rules, for a payout of the 2020 annual bonuses, as well as the full payout of the deferred amounts which were subject to verification of access conditions as at December 31st, 2020, noting however the 2020 bonus decisions consider a reduction of ca. 50% in the bonus of Group Material Risk Takers compared to budgeted figures with a proportionally higher reduction for senior executives, consistently with the ECB requirements of extreme moderation. Please anyhow note that - as announced with press release issued on March 31*, 2020 - 7 senior executives waived their entire 2020 bonus as a sign of personal response to the difficult situation created by Covid 19 pandemic.

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.

	TABLE 1: Compensation paid to members of the administrative and auditing bodies, to general managers and to other precutives with strategic responsibilities. Consob Issuers Regulation nr. 11971 - Annex 34 / Schedule 7-bis
Amounts in Euro
℥															Θ	ö		X,
							Fixed compensation				Compensati	Variable non-equity compensation						Severance indemnity
Name and surname	Office		Period for which office was held	Office expiry	Shareholder s' Meeting s resolved Emolumen by the	Attendance tokens	reimbursem Lump sum expense ents	sec. 2389 offices ex talian Civil Compitor specific	Employment fixed salary	Total	participatio committee on før ċ	incentives and other Bonuses	sharing Profit	monetary benefits ż	emuneratio Other ċ	Total	compensati Fair value of equity 5	termination employmen for end of office or 5
Cesare Bisoni	Chairman of the Board	01/01/2020	31/12/2020	lid.voudde 2020	75,000	17,000		775,000		867,000						867,000
	Member Corp. Gover., Nomination and Sustainability Committee	01.001.2012.0	26022020		5,451	2,600				5251						5,251
	Participation Off Site Meeting and other Committees as quest					6,400				S,400						6,400
	$0$ Compensation in the company preparing the financial statements				80,451	26,200		775,000		881,651						S1,651
	$\mathfrak m$ C ompensation from subsidiaries and associates
	(II) Total				80,451	26,200		775,000		881,651						81,851
Lamberto Andreotti	Deputy Mce Chairman of the Board	01.01.2020	31/12/2020	liq 'Acadde 测	75,000	15,000				aminas S						ani m
	Chairman Remuneration Committee	01 AU1 2020	31/12/2020	approv.bil. 2020	35,000	6,400		10,000		51,400						51,400
	Participation Off Site Meeting and other Committees as quest					24,600				24,800						24,800
	$\theta$ Compensation in the company preparing the financial statements				110,000	46,200		10,000		166,200						166,200
	$\left(\mathbf{0}\right)$ Compensation from subsidiaries and associates
	(III) Total				110,000	46,200		10,000		166,200						166,200
lean Pierre Mustier	Chief Executive Officer	טרנושל נול ג'ון	31/12/2020	∵jiq'∧oudde ZUCZN	75,000	15,600		102,000	708,000	ann Ronn	а			5313		906,113	4,330,029	Ø
	Participation Off Site Meeting and other Committees as quest					4,800				4,800						គ្នុ
	$0$ Compensation in the company preparing the financial statements				75,000	N,600		102,000	708,000	905,600				5,313		910,913	4,330,029
	(I) C ompensation from subsidiaries and associates
	(II) Total				75,000	20,600		102,000	708,000	905,600				5,313		910,913	4,330,029

(1) The amount reflects Mr. Muster's waiver of 25% of 2021 overall fixed remuneration, announced with press release dated 22.04.2020

(2) The amount-see also table 3A -represents the costhooked for 2012) in complance with FRS2 in view of the proxision of equity based in certifies and is made up of:
-62.909.347 acceleration of the full const 17 / 2019 in

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																		Ξ
							Fixed compensation					Variable non-equity compensation						Severance indemnity
Name and surname	Office	Period for which office was held Office expiry			Shareholder Emolument s resolved s' Meeting by the	Attendance tokens	reimbursem Lump sum expense ents	offices ex sec. 2389 Italian Civi Compiler specific	Employment fixed salary	Total	participatio committee Compensati on for e	and other incentives Bonuses	sharing Profit	monetary benefits d Se	remuneratio Other ¢	Total	compensati Fair value of equity Ş	termination employmen for end of office or 5
Mohamed Hamad Al Mehairi	Member of the Board	01.01.2020	31/12/2020	approv.bil. 2020	75,000	15,400				90,400						90,400
	Participation Off Site Meeting and other Committees as guest					5,600				ma"c						5,60U
	$0$ Compensation in the company preparing the financial statements				75,000	21,000				96,000						96,000
	10 Compensation from subsidiaries and associates
	(III) Total				75,000	21,000				96,000						96,000
Sergio Balbinot	Member of the Board	01.01.2020	31/12/2020	lir. 19 xo x dde	75,000	14,400				89,400						89,400
	Participation Off Site Meeting and other Committees as quest					5,600				5,600						5,600
	() Compensation in the company preparing the financial statements				75,000	20,000				95,000						95,000
	10 Compensation from subsidiaries and associates
	(III) Total				75,000	20,000				95,000						95,000
Incenzo Cariello	Member of the Board	01.01.2020	317122020	approv.bil. ZIDZU	75,000	17,000				92,UUU				9,811		101,811
	Member of Related Parties Committee	01.01.2020	31/12/2020	approv.bil. 2020	35,000	8,400				43,400						43,400
	Participation Off Site Meeting and other Committees as guest					5,600				رس و د						JAUL
	$0$ Compensation in the company preparing the financial statements				110,000	31,000				141,000				5311		150,811
	II) Compensation from subsidiaries and associates
	(III) Total				110,000	31,000				141,000				$\overline{5}$		150,811
Elena Carletti	dember of the Board	01.01.2020	31/12/2020	Tiq houdde RODE	75,000	17,000				92,UUU						92,UUU
	Member of Remuneration Committee	01.01.2020	31/12/2020		35,000	7,200				42,200						$42\,200$
	Member of Internal Control and Risks Committee	01.01.2020	31/12/2020	ариток, bil. 2020 ариток, bil. 2020	50,000	16,000				66.JUU						66,000
	Participation Off Site Meeting and other Committees as quest					24,000				24,000						24,000
	$\mathfrak b$ Compensation in the company preparing the financial statements				160,000	64,200				224,200						224,200
	Compensation from subsidiaries and associates
	OD Total				160,000	64,200				224,200						224,200

							Fixed compensation				Compensat	Variable non-equity compensation						Severance indemnity
Name and surname	Office		Period for which office was held	Office expiry	Emolument Shareholder s resolved leeting by the 혼 히	Attendance tokens	eimbursem Lump sum expense ents	sec 2389 Italian Civil offices ex Compiter specific	Employment fixed salary	Total	participatio committee on for e	incentives and other Bonuses	sharing Profit	monetary benefits g Se	emuneratio Other $\blacksquare$	Total	compensati Fair value of equity 5	termination :mploymen for end of office or 5
Diego De Giorgi	Member of the Board	05/02/2020	31/12/2020	approv.bil. 园	67, 828	13,000				80,828						80,828
	Member of Remuneration Committee	UA/11/2020	3171272020	approv.bil. ROM	5,546					5,546						5,546
	Participation Off Site Meeting and other Committees as quest					16,000				16,000						$16,000$
	(I) Compensation in the company preparing the financial statements				73,374	29,000				102,374						102,374
	1) Compensation from subsidiaries and associates
	(III) Total				73,374	29,000				102,374						102,374
Isabelle de Wismes	Member of the Board	UTACI VICE	04.0372020		13,115	g				13,315						13,915
	Member of Internal Control and Risks Committee	0170174020	04032020		8,743	3,000				11,43						11,743
	Participation Off Site Meeting and other Committees as quest
	(I) Compensation in the company preparing the financial statements				21,656	3,800				25,658						25,658
	(I) Compensation from subsidiaries and associates
	(III) Total				21,656	3,600				25,658						25,653
Beatriz Lara Bartolomé	Member of the Board	05/02/2020	317122020	jiq 'Awdde ROM	67, 828	13,000				80,828						80,828
	Participation Off Site Meeting and other Committees as quest					6,400				6,400						6,400
	(I) Compensation in the company preparing the financial statements				67,628	19,400				87,228						87,228
	(I) Compensation from subsidiaries and associates
	$(II)$ Total				67,628	19,400				87,228						87,228
Stefano Micossi	Member of the Board	01/01/2020	31/12/2020	approv.bil. 圓	75,000	16,400				уņЩmu						уņ4w
	Chairman of Corp. Gover., Nomination & Sustainability Committee	01 AU 12020	3171272020	approv.bil. ROM	35,000	10,000		10,000		55,000						UNITES
	Member of Related Parties Committee	01.011.2020	31/12/2020	approv.bil. 2020	35,000	8,400				43,400						43,400
	Participation Off Site Meeting and other Committees as guest					6,400				U⊯						6,400
	(I) Compensation in the company preparing the financial statements				145,000	$41,200$		10,000		196,200						196,200
	(I) Compensation from subsidiaries and associates
	(III) Total				145,000	41,200		10,000		196,200						196,200

g	ē	g		ε			а				ស	õ	€	ê	ε	S	ê
							Fixed compensation				Compensati	Variable non-equity compensation					Severance indemnity
Name and surname	Office		Period for which office was held	Office expiry siresolved	Shareholder Emolument leeting by the ia E	Attendance tokens	reimbursem Lumpsum expense ents	sec. 2389 offices ex talian Civil Comp.for specific	Employment fixed salary	Total	committee participatio on for ċ	sharing and other incentives Bonuses	monetary benefits d Se Profit	remuneratio Other E	Total	compensati Fair value of equity S	termination employmen for end of office or 5
Pier Carlo Padoan	Member of the Board	13700/2020	31/12/2020	assemblea arıma	16,393	2,000				18,393					18,393
	Member Corp. Gover., Nomination and	04/11/2020	31/12/2020	assemblea arima	5,546	800				6,346					6,346
	Sustainability Committee Participation Off Site Meeting and other Committees as guest					800				₿					W
	$\boldsymbol{\varnothing}$ Compensation in the company preparing the financial statements				21,940	3,600				25,540					25,540
	10 Compensation from subsidiaries and associates
	(III) Total				21,940	3,600				25,540					25,540
Maria Pierdicchi	Member of the Board	01.01.2020	31/12/2020	liq xo u de 2020	75,000	$17,000$				92,000					92,000
	Member of Internal Control and Risks Committee	01.01.2020	31/12/2020	approv.bil. 2020	50,000	15,400				65,400					65,400
	Chairman of Related Parties Committee	01.01.2020	317122020	approv.bil. 2020	35,000	8,400		10,000		53,400					53,400
	Participation Off Site Meeting and other Committees as quest					6,400				S,400					6,400
	() Compensation in the company preparing the financial statements				160,000	47,200		10,000		217,200					217,200
	M) Compensation from subsidiaries and associates
	Children				160,000	47,200		10,000		217,200					217,200
Francesca Tondi	Member of the Board	01.01.2020	31/12/2020	approv.bil 测	75,000	16,400				yn, quu					冥気
	Member of Corp. Gover., Nomination & Sustainability Committee	01.017,2020	31/12/2020	approv.bil. 题	35,000	10,000				45,UUU					45,UUU
	Member of Internal Control and Risks Committee	01.01.2020	31/12/2020	approv.bil. $2020$	50,000	16,000				66,000					66,000
	Participation Off Site Meeting and other Committees as guest					24,600				24,800					24,800
	$\mathfrak h$ Compensation in the company preparing the financial statements				160,000	67,200				227,200					227,200
	I) Compensation from subsidiaries and associates
	OD Total				160,000	67,200				227,200					227,200

							ŧ					6		€	G	٥		Ξ
							Fixed compensation				Compensati	Variable non-equity compensation						Severance indemnity
Name and surname	Office		Period for which office was held Office expiry siresolved		Shareholder Emolument s' Meeting by the	Attendance tokens	reimbursem Lump sum expense ents	offices ex sec. 2389 talian Civi Compiter specific Code	Employment fixed salary	Total	participatio committee on for ¢	Incentives and other Bonuses	sharing Profit	monetary benefits de de	emuneratio Other e,	Total	compensati Fair value of equity 5	employmen termination for end of office or 5
Alexander Wolfgring	Member of the Board	01.01.2020	31/12/2020	approv.bil. 2020	75,000	16,400				91,400				9,811		101,211
	Chairman of Internal Control and Risks	01.01.2020	31/12/2020	арргом. bil. 2020	50,000	16,000		100,000		166,000						166,000
	Committee Member of Corp. Gover., Nomination & Sustainability Committee	01.01.2020	31/12/2020	approv.bil. 2020	35,000	9,600				44,6111						44,600
	Participation Off Site Meeting and other Committees as quest					15,200				15,200						15,200
	$0$ Compensation in the company preparing the financial statements				160,000	57,200		100,000		317,200				$\frac{1}{2}$		327,011
	II) Compensation from subsidiaries and associates
	QII ) Total				160,000	57,200		100,000		317,200				9,811		327,011
Elena Zambon	Member of the Board	U1.017.2020	13/10/2020		58,611	11,800				70,611						igʻin)
	Member of Corp. Gover., Nomination & Sustainability Committee	01.017,2020	13/10/2020		27,445	6,600				34,245						34,245
	Member of Remuneration Committee	01.01.2020	13/10/2020		27,445	5,200				32,645						32,645
	Participation Off Site Meeting and other Committees as guest					4,800				Ş						NM \$
	$\boldsymbol{\varnothing}$ Compensation in the company preparing the financial statements				113,702	26,600				142,302						142,302
	M) Compensation from subsidiaries and associates
	(III) Total				113,702	28,600				142,302						142,302
TOTAL BOARD	$\boldsymbol{\varnothing}$ Compensation in the company preparing the financial statements				609,153	526,400		1,007,000	708,000	3,850,553				24,936		3,875,489	4,330,029
	(I) Compensation from subsidiaries and associates
	(III) Total				,609,153	526,400		1,007,000	708,000	3,850,553				24,936		3,875,489	4,330,029

														₹	Ø
							Fixed compensation				Compensat	Variable non-equity compensation						Severance indemnity
Name and surname	Office		Period for which office was held Office expiry		Shareholder Emolument s resolved s' Meeting by the	Attendance tokens	reimbursem Lump sum expense ents	sec 2389 offices ex Italian Civil Comp.for specific	Employment fixed salary	Total	participatio committee on for e	incentives and other Bonuses	sharing Profit	monetary benefits Non-	remuneratio Other ¢	Total	compensati Fair value of equity 5	termination amploymen for end of office or t,
Marco Rigotti	Chairman Board Statutory Auditors	01.401.2020	317222020	арргом, bil. 2021	170,000	42,400				212,400				11,489		223,889
		Partecipation meetings BoD, ICRC, Off Site
	(I) Compensation in the company preparing the financial statements				170,000	42,400				212,400				1,489		223,889
	(I) Compensation from subsidiaries and associates
	(III) Total				170,000	42,400				212,400				11,439		223,889
Antonella Bientinesi	Standing Auditor	01.801.8200	317122020	lig hoodde 2021)	125,000	30,400				166,400				11,489		166,889
		Partecipation meetings BoD, ICRC, Off Site
	(I) Compensation in the company preparing the financial statements				126,000	30,400				155,400				11,489		166,889
	(i) Compensation from subsidiaries and associates
	(ll) Total				125,000	30,400				155,400				11,489		166,889
Angelo Rocco Bonissoni	Standing Auditor	0170170020	317/220/20	1202 Tigʻnodde	125,000	32,400				157,400				11,489		168,889
		Partecipation meetings BoD, ICRC, Off Site
	(I) Compensation in the company preparing the financial statements				125,000	32,400				157,400				11,489		168,889
	(I) Compensation from subsidiaries and associates
	(III) Total				125,000	32,400				157,400				11,489		168,889
Benedetta Navarra	Standing Auditor	01.011.2020	31/12/2020	approv. bil. 2021	125,000	33,200				158,200				11,489		169,689
		Partecipation meetings BoD, ICRC, Off Site
	(I) Compensation in the company preparing the financial statements				125,000	33,200				158,200				11,489		169,689
	(I) Compensation from subsidiaries and associates				30,000					30,00						30,000
	(III) Total				155,000	33,200				188,200				11,489		199,689

€	ē			Θ			Ξ				ន	6		€	Θ	ම	E	ම
							Fixed compensation				Compensati	Variable non-equity compensation						Severance indemnity
Name and surname	Office	Period for which office was held Office explity s resolved			by the Shareholder s' Meeting Emolument Weeting	Attendance tokens	Lump sum reimbursem expense ents	sec 2389 offices ex Italian Civil Comp.for specific Code	fixed salary Employmen	Total	participatio committee on for e	ncentives and other Bonuses	sharing Profit	monetary benefits Non-	emuneratio Other c,	Total	Fair value compensat of equity S	termination amploymen for end of office or ð
Guido Paolucci	Standing Auditor	01/01/2020	31/12/2020	approv. bil. 2021	125,000	34,600				159,800				11,489		171,289
		Partecipation meetings BoD, ICRC, Off Site
	$\left[0\right]$ Compensation in the company preparing the financial statements				125,000	34,600				159,800				11,489		171,289
	(i) Compensation from subsidiaries and associates				15,000					15,000				1,408		16,408
	(III) Total				140,000	34,600				174,801				12,897		187,697
STATUTORY	TOTAL BOARD OF (1) Compensation in the company preparing the financial statements				670,000	173,200				843,200				51,45		900,645
AUDITORS	(I) Compensation from subsidiaries and associates				45,000					45,000				1,418		46,408
	loto∏ I				715,000	173,200				888,200				38,853		947,053

STATUTORY	TOTAL BOARD OF $\,$ (0) Compensation in the company preparing the financial statements	670,000	173,200		843,200		51,45	900,645
AUDITORS	It Compensation from subsidiaries and associates	45,000			45,000		ą.	46,408
	, Total	715,000	173,200		88200		58,853	947,053

								මු	6		E	6	S		8
					Fixed compensation			Compensati	Variable non-equity compensation						Severance indemnity
Name and surname	Office	Period for which office was held Office explity s resolved	Shareholder s' Meeting Emolument by the	urendance	tokens reimbursem sec 2389 fixed salary Lumpsum expense	offices ex Employment ents Italian Civil Comp.for specific Code	Total	participatio and other committee on for	incentives Bonuses	sharing Profit	monetary benefits j Se	remuneratio Other	Total	of equity ş	Fair value for end of compensati termination employmen office or $\overline{a}$
	Other Executives with $ 0\rangle$ Compensation in the company preparing the financial statements						10,028,131 1U,U28,131		446,124			3 (2,545 159,378 11,006,178 5,088,165
	-Strate gic Respons batic s ------------------------------------
(total 12 FTE) (III) Total							$10,028,131$ 10,028,131		446,124		372,545		159,378 11,006,178 5,088,165

ABLE 2 Stock Options Assigned to the Members of the Administrative Body, to General Managers and Other Executives with Strategic Responsibilities
			Options I	teld at Start of the Year					Options Assigned During the Year				Options Exercised During the Year		Ê	Ê	g
		ε	ø	C	E	E	¢	E	E	ē	€	Ê	E	g
Name and Surname	Office	Plan	Number of Options	Exercise Price	Exercise (0.000) Period of Possible	lumber of Options	Exercise Price	Exercise (from_to) Period of Possible	Fair Value at Assignment Assign Date	Date	Market Price of Assignement Underlying Shares upon of Options	lumber o Options	Exercise Price	of Underlying Exercise Date Shares on	During the Year the End of the Market Price Options Lapsed (Number)	Options Held at Year	:levant to th Year (Fair Value) Options
ean Pierre Mustier	Annunistratore Delegato
) Compensi nella società che redige il bilancio
In Compensi da controllate e collegate			ı			$\cdot$						ı			ï	ï	,
m)Totale			0						۰			۰			0	۵
ther Executives with Stategic Responsibilities
reparing financial statements y Compensation in company	n. 5 Ebecutives	2006 Stock Options	22,299	166.399	13/06/2010 31/12/2019										22,289	o	0
In Compensation from Subsidiaries and Associates												ŗ
n Total			228												22,289

Consob bsuers Regulation nr. 11971 - Annex 3A IScheduk 7-his
TABLE 34: Incentive plans based on financial instruments other than store of the members of the administrative body, general managers and other executives with s

				Financial instruments assigned during previous years and not wated during the year			Financial instruments as signed during the year			vested during the year and notassigned instruments Financial	during the year and asignable Financial instruments vested		relevant to the in strume nts Financial year
œ	$\bullet$	$\epsilon$	S	6	E	G	€	Š	S	E	€	Ê	g
Name and surname	Office	Plan	rpe of financial Number and instruments	Vesting period	ype of financial instruments Number and	assign.date Fair val.on	Vesting period	Assignment date	Market price assignment about	ype of financial Number and instruments	ype of financial instruments Numberand	maturity date Value on	Fair Value
Jean Pierre Mustier	Chief Executive Officer
O Compensation in company preparing financial statements		LTI 2017 _ 2019	486,391	31/12/2022	ı	×	$\blacksquare$	f,	$\blacksquare$		ı	$\blacksquare$	2,909,348
		CLIS TANGE TO THE LETTER			ı	$\blacksquare$	$\blacksquare$	ı	$\blacksquare$	178,129			1,420,682
On Compensation from Subsidiaries and Associates			í.	٠	$\blacksquare$	٠	$\blacksquare$	$\blacksquare$	$\blacksquare$	f.	$\blacksquare$	$\blacksquare$	$\blacksquare$
(II) Total			486,391	×	$\mathbf{I}$	$\blacksquare$	$\blacksquare$	$\mathbf{I}$	$\mathbf{I}$	178,129	$\mathbf{I}$	$\blacksquare$	4,330,029
Other Executives with Strategic Responsibilities
() Compensation in	1.12 Executive	Bonus 2014	$=$		$\Rightarrow$	$\blacksquare$	$\blacksquare$			$\blacksquare$	31,028	265,631	$\Rightarrow$
company preparing financial statements	1.12 Executive	Bonus 2015	43,927	00%-31/12/2019	$\Rightarrow$	$\blacksquare$	$\blacksquare$	$\blacksquare$	f,	$\Rightarrow$	43,927	376,059	$\Rightarrow$
	n. / Executive	Bonus 2016	66,884	50%-31712/2019 50%-31712/2020	$\Rightarrow$	$\blacksquare$	$\blacksquare$	$\blacksquare$	$\blacksquare$	$\blacksquare$	33,442	167,987	BK , 240
	1.8 Ececutive	CTI 2017 _ 2019	838,343	40%-31/i22019 60%-31/12/2022	$\Rightarrow$	$\blacksquare$	$\blacksquare$			$\blacksquare$	$\Rightarrow$	$=$	1,013,579
	1.12 Executive	Bonus 201	SULLARS	33%-31/12/2019 33%-3172/2020 33%-31 0 2202 1	$\Rightarrow$	$\blacksquare$	٠	ı,	f,	$\blacksquare$	58 JUU3	496,564	208,320
	1.12 Executive	Bonus 2018	23,125	40%-31/12/2018 20% 20%-31/12/2021 20%-31/12/2022 31/12/2020	$\Rightarrow$					$\blacksquare$	$\Rightarrow$	$\Rightarrow$	288,898
	1.12 Executive	Bonus 2019	256,690	%07. KINZZIVIE-%0 0 20%-31/12/2022 20%-31/12/2023 31/12/2021	$\Rightarrow$	ı	í.			ı	0	0	415,925
	1.9 Executive	CZDR-MOZZ ILTJ			1,915,254	25,660,573	15%-317/22024 15%-317i22025 15%-31/12/2026 40%-31/12/2023 15%-317/2/2027	14401/2020	13,398		$\Rightarrow$	$\Rightarrow$	2,831,088
	1.12 Executive	Bonus 2020	$\Rightarrow$	$\Rightarrow$	64,119	548,923	43,8% - 31,412/2022 18,7% - 31,412/2024 18,7% - 31,412/2025 18,7% - 31/12/2026	03/2020	8561		$\Rightarrow$	$\Rightarrow$	242,415
O Compensation from Subsidiaries and Associates				f.		$\blacksquare$			$\blacksquare$	ï		f,	f.
lee Lap			1,515,972		1,979,373	0					166,400	1,424,550	5,088,165

UniCredit Group - Internal Use Only

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

9373321852218221822182323232323
i

ď,	œ	$\Xi$		$\widehat{\mathbf{e}}$			$\widehat{\mathbf{e}}$		T
				Annual Bonus			Previous Years Bonuses
Name and Surname	Diffice	Plan	ŝ	ê	$\Xi$	ŝ	®	$\tilde{e}$	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		Ξ
(II) Compensation from Subsidiaries and Associates		Ξ
(III) Total				E			t
Other Executives with Strategic Responsibilities
(I) Compensation In The Company Preparing the Financial Statements		Group Incentive System 2015					1,456,235
		Group Incentive System 2016						858,755
		Group Incentive System 2017						975,688
		Group Incentive System 2018						938,334
		Group Incentive System 2019						1,353,377
		Group Incentive System 2020	240,291	205,833	50% 31.12.2022 50% 31.12.2025
(II) Compensation from Subsidiaries and Associates		Ξ

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	Company Investee	Type of Shares	End of 2019 Held at the $\overline{a}$	Acquired	Sold	End of 2020 Held at the $\widehat{a}$
BOARD OF DIRECTORS
lean Pierre Mustier	Chief Executive Officer	UniCredit ord.		545,648			545,648
Elena Carletti	Director			808			808
BOARD OF STATUTORY AUDITORS

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

Auditor

Guido Paolucci

319

$319$

Consob Issuers Regulation nr. 11971 - Annex 3A / Schedule 7-ter
TABLE 2: Investments of Other Executives with Strategic Responsibilities

Company nvestee	Type of Share	End of 2019 leid at the	Acquired	S old	ind of 2020
hiCredi	g	578,042	166.400 (2) 103,184		641.258

(1) Or start / end date of appointment if different from indicated period
(2) Resulting from the granting in 2020 of free ordinary shares under the Group Incentive Schemes
(3) Of which 97,084 sold within Share Netting /Sha

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