Milan, 5 May 2015 - UniCredit S.p.A. ('UniCredit' or the 'Offeror') hereby announces, pursuant to the terms and conditions set forth in the tender offer memorandum referred to the offer for the voluntary repurchase of subordinated notes issues by UniCredit and available on the Offeror's website www.unicreditgroup.eu/repurchasesubordinatednotes (the 'Offer' and the 'Tender Offer Memorandum', respectively), that, as of today, no adverse events have occurred, in the national and/or international context, which could constitute a 'material adverse change' under the MAC Condition, and therefore the Offer shall take effect.

The settlement of the Consideration for the applications validly submitted between 13 April and 30 April 2015 shall consequently take place today, in accordance with the provisions set forth in the Tender Offer Memorandum.

The details of the Existing Notes tendered to the Offer form 13 April 2015 to 30 April 2015, is shown, for each series, in the table displayed below in this press release.

Please note that, following the decision of the Offeror to extend the Offering Period, applications to tender the Existing Notes can be submitted until, and including, 15 May 2015 at 4.00 pm (the 'Extended Offering Period'), subject to early closing, further extension, or reopening of the Offer, according to the procedures set forth in the Tender Offer Memorandum, as supplemented and/or amended, as the case may be, by the provisions of the press release dated 29 April 2015. The settlement date for the applications received during the Extended Offering Period shall be 19 May 2015, subject to further extension or reopening of the Offer.

The MAC Condition shall not apply to the applications validly submitted during the Extended Offering Period.

For the terms and conditions of the Offer, a description of the risk factors pertaining thereto and information on potential conflicts of interest that UniCredit has in relation to the Offer, please refer to the Tender Offer Memorandum, which is available, together with the other documents relating to the Offeror mentioned therein, online at www.unicreditgroup.eu/repurchasesubordinatednotes.

Any capitalised terms not defined in this press release shall have the meaning attributed to them in the Tender Offer Memorandum.

UniCredit S.p.A. issued this content on 2016-01-18 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-20 14:53:02 UTC

Original Document: https://www.unicreditgroup.eu/en/press-media/press-releases-price-sensitive/2015/offerta-di-riacquisto-di-obbligazioni-subordinate-emesse-da-unic1.html