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The Rating Agency Moody's has aligned UniCredit SpA's outlook with the Italian sovereign.

The Outlook was changed to 'negative' (from 'stable') following the same rating action for Italy.

The long-term senior preferred (unsecured) rating and the short-term rating have been affirmed at 'Baa1/ P-2'.

For further details please see Moody's corresponding press release on the rating agency website www.moodys.com.

Enquiries:

Media Relations: e-mail: MediaRelations@unicredit.eu

Investor Relations: e-mail: InvestorRelations@unicredit.eu

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