The Rating Agency S&P Global Ratings ("S&P") has affirmed UniCredit SpA's 'BBB' long- and 'A-2' short-term Issuer Credit Ratings. The outlook remained at 'negative'.

The instrument ratings have been affirmed as well.

For further details please see S&P's corresponding press release on the rating agency website www.capitaliq.com.

Milan, 29th October 2020 Enquiries:

Media Relations:

e-mail: MediaRelations@unicredit.eu

Investor Relations:

e-mail: InvestorRelations@unicredit.eu

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