The Rating Agency S&P Global Ratings ("S&P") has changed UniCredit SpA's outlook to 'positive (from Stable).

The 'BBB' long- and 'A-2' short-term Issuer Credit Ratings have been affirmed. 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, 23rd November 2021

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UniCredit S.p.A. published this content on 23 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2021 18:59:00 UTC.