UniCredit Bank AG

UNICREDIT BANK AG
Information about HVB, the parent company of HVB Group
UniCredit Bank AG, formerly Bayerische Hypo- und Vereinsbank Aktiengesellschaft ("HVB", and together with
its consolidated subsidiaries, the "HVB Group") was formed in 1998 through the merger of Bayerische
Vereinsbank Aktiengesellschaft and Bayerische Hypotheken- und Wechsel-Bank Aktiengesellschaft. It is the
parent company of HVB Group, which is headquartered in Munich. HVB has been an affiliated company of
UniCredit S.p.A., Rome ("UniCredit", and together with its consolidated subsidiaries, the "UniCredit Group").
since November 2005 and hence a major part of the UniCredit Group from that date as a sub-group. UniCredit
holds directly 100% of HVB's share capital.
HVB has its registered office at Kardinal-Faulhaber-Strasse 1, 80333 Munich and is registered with the
Commercial Register at the Lower Court (Amtsgericht) in Munich under number HRB 42148, incorporated as a
stock corporation under the laws of the Federal Republic of Germany. It can be reached via telephone under
+49-89-378-0 or via www.hvb.de.
As a result of the integration into the UniCredit Group, the activities of HVB have been restructured in the
following divisions: Corporate & Investment Banking, Retail and Private Banking.
Through these divisions, HVB offers a comprehensive range of banking and financial products and services to
private and corporate clients including multinationals, public sector and institutional customers.
Since 2006, HVB strategy was refocused. Thus, in 2007, the completion of the sale of shares held by HVB in
today's UniCredit Bank Austria AG ("Bank Austria") was an important step. Similarly, HVB sold its Russian,
Lithuanian, Latvian, and Estonian business to Bank Austria as well as its participation in today's Joint Stock
Commercial Bank Ukraine to Bank Pekao, a subsidiary of UniCredit.
With its new alignment, HVB focuses on the financial services market in Germany and on the investment
banking business worldwide.
In 2007, HVB took on most of the markets and investment banking activities of UniCredit Banca Mobiliare
S.p.A. ("UBM"), the investment banking subsidiary of UniCredit, and acquired in 2008 the investment banking
activities of Capitalia S.p.A. and its subsidiary, Banca di Roma S.p.A., purchased by UniCredit in the year 2007.
A further major step to concentrate the markets and investment banking business of UniCredit Group in HVB
was the acquistion of UniCredit CAIB AG including its subsidiary CAIB UK, London. The transfer of the shares
will be followed by a cross-border merger of UniCredit CAIB AG into HVB. Closing of integration is envisaged
to be completed in the third quarter 2010.
Auditors
KPMG AG Wirtschaftsprüfungsgesellschaft ("KPMG"), Ganghoferstrasse 29, 80339 Munich, the independent
auditors (Wirtschaftsprüfer) of HVB have audited the consolidated financial statements of HVB Group and the
unconsolidated financial statements of HVB as of and for the years ended 31 December 2009 and 2008 and have
issued an unqualified audit opinion thereon. KPMG is a member of the Chamber of German Public Accountants,
an institution incorporated under public law (Wirtschaftsprüferkammer, Anstalt des Öffentlichen Rechts),
Rauchstrasse 26, 10787 Berlin.
Ratings
Unless otherwise specified in the applicable final terms, securities currently issued by HVB have been rated as
follows by Fitch Ratings Ltd. ("Fitch"), Moody's Investors Service Ltd. ("Moody's") and Standard & Poor's
Ratings Services ("S&P"):
Type of Instruments Fitch Moody's S&P
Public Sector Pfandbriefe AAA Aaa AAA
Mortgage Pfandbriefe AAA Aa1 ---
Long-term Senior Notes A+ A1 A
Subordinated Notes A A2 A-
Short-term Notes F1+ P-1 A-1
Instruments to be issued under the Programme may be rated or unrated. Where an issue of Instruments is rated,
its rating may not be the same as the rating applicable to the Programme.
A rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, reduction or
withdrawal at any time by the assigning rating agency.
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