Prospectus UBI Banca Covered Bond Programme

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Prospectus CONTENTS Page Information Incorporated By Reference.................................................................................................. 5 Supplements, Final Terms And Further Prospectuses............................................................................. 7 Overview Of The Programme ................................................................................................................. 8 Parties.................................................................................................................................................... 12 Risk Factors........................................................................................................................................... 20 Terms And Conditions Of The Covered Bonds .................................................................................... 34 Rules Of The Organisation Of The Covered Bondholders.................................................................... 61 Form Of Final Terms............................................................................................................................. 83 Use Of Proceeds .................................................................................................................................... 95 The Issuer .............................................................................................................................................. 96 Summary Of Financial Information Of The Issuer ............................................................................. 110 The Guarantor...................................................................................................................................... 117 The Sellers........................................................................................................................................... 119 Summary Of The Transaction Documents.......................................................................................... 159 Credit Structure ................................................................................................................................... 175 Cashflows............................................................................................................................................ 180 Description Of The Cover Pool........................................................................................................... 183 The Asset Monitor............................................................................................................................... 186 Taxation............................................................................................................................................... 194 Subscription And Sale......................................................................................................................... 200 General Information ............................................................................................................................ 203 Glossary............................................................................................................................................... 205 - 4 -
Prospectus INFORMATION INCORPORATED BY REFERENCE This Prospectus should be read and construed in conjunction with the following information, which has been previously published or filed with the FSA: (a) (b) (c) the audited consolidated and non-consolidated annual financial statements of the Issuer as at and for the year ended 31 December 2008 contained in the Issuer's Reports and Accounts 2008; the audited consolidated and non-consolidated annual financial statements of the Issuer as at and for the year ended 31 December 2007 contained in the Issuer's Reports and Accounts 2007; the unaudited consolidated and non-consolidated quarterly financial statements of the Issuer as at and for the three months ended 31 March 2009; and (d) the audited non-consolidated annual financial statements of the Guarantor as at and for the year ended 31 December 2008. Such information shall be incorporated into, and form part of, this Prospectus, save that any statement contained in information which is incorporated by reference herein shall be modified or superseded for the purpose of this Prospectus to the extent that a statement contained herein modifies or supersedes such earlier statement (whether expressly, by implication or otherwise). Any statement so modified or superseded shall not, except as so modified or superseded, constitute a part of this Prospectus. Copies of documents containing information incorporated by reference into this Prospectus may be obtained from the registered office of the Issuer and the Issuer's website (http://www.ubibanca.it). The audited consolidated financial statements referred to above, together with the audit reports thereon, are available both in the original Italian and in English. The English language versions represent a direct translation from the Italian language documents. Cross-reference List The following table shows, inter alia, the information required under Annex IX, of Commission Regulation (EC) No. 809/2004 that can be found in the above-mentioned financial statements incorporated into this Prospectus. Reports and Accounts 2008 Consolidated financial statements Auditors' Report Pages 202-203 Balance Sheet Pages 206-207 Income Statement Page 208 Statement of Changes in Shareholders' Equity Pages 209-210 Statement of Cash Flows Pages 211-212 Notes to the Consolidated Accounts Pages 214-470 Non consolidated financial statements Auditors' Report Pages 524-525 Balance Sheet Pages 527-528 Income Statement Page 529 Statement of Changes in Shareholders' Equity Pages 530-531 Statement of Cash Flows Pages 532-533 Notes to the Consolidated Accounts Pages 535-741 Attachments to financial statements Pages 743-752 Reports and Accounts 2007 Consolidated financial statements Auditors' Report Pages 166-167 Balance Sheet Pages 169-170 - 5 -
Page 1 and 2: Prospectus UNIONE DI BANCHE ITALIAN
Page 3: Prospectus Figures included in this
Page 7 and 8: Prospectus SUPPLEMENTS, FINAL TERMS
Page 9 and 10: Prospectus Structure Overview • P
Page 11 and 12: Prospectus on any Interest Payment
Page 13 and 14: Prospectus the Conditions and the D
Page 15 and 16: Prospectus deferral will occur auto
Page 17 and 18: Prospectus AAA Aaa AAA Governing La
Page 19 and 20: Prospectus Guarantee in respect of
Page 21 and 22: Prospectus of each individual Cover
Page 23 and 24: Prospectus Securitisation and Cover
Page 25 and 26: Prospectus securities. Generally, t
Page 27 and 28: Prospectus Catastrophic events, ter
Page 29 and 30: Prospectus Reliance on Swap Provide
Page 31 and 32: Prospectus There is no guarantee th
Page 33 and 34: Prospectus • the right to request
Page 35 and 36: Prospectus (e) Monte Titoli Mandate
Page 37 and 38: Prospectus "Calculation Agent" mean
Page 39 and 40: Prospectus "D 1 " is the first cale
Page 41 and 42: Prospectus (ii) (iii) (iv) (v) an a
Page 43 and 44: Prospectus "Optional Redemption Dat
Page 45 and 46: Prospectus "Relevant Dealer(s) " me
Page 47 and 48: Prospectus 4. Status and Guarantee
Page 49 and 50: Prospectus (d) ISDA Determination I
Page 51 and 52: Prospectus (b) Extension of maturit
Page 53 and 54: Prospectus Bondholder. Once deposit
Page 55 and 56:
Prospectus withheld or assessed by
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Prospectus (v) Invalidity of the Co
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Prospectus all respects except for
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Prospectus 1. GENERAL RULES OF THE
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Prospectus "Voter" means, in relati
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Prospectus 5. VALIDITY OF BLOCK VOT
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Prospectus where applicable, modifi
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Prospectus 15.2 The Chairman and a
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Prospectus Removal and Remuneration
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Prospectus TITLE III THE REPRESENTA
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Prospectus 28.6 Discretions Save as
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Prospectus 29.2.16 shall not, if in
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Prospectus 30.7 Certificates of Par
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Prospectus 32.5 Notice of waiver If
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Prospectus FORM OF FINAL TERMS Set
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Prospectus [Instalment] [The Covere
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Prospectus (xv) Fall back provision
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Prospectus (i) Optional Redemption
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Prospectus These Final Terms compri
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Prospectus 5. [Fixed Rate Covered B
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Prospectus USE OF PROCEEDS The net
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Prospectus Calabria, Vibo Valentia,
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Prospectus (ix) a banking network o
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Prospectus The actual Supervisory B
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Prospectus Name Position Principal
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Prospectus The Supervisory Board al
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Prospectus General Management Name
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Prospectus approvals from CONSOB an
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Prospectus (thousands of Euro) UNIO
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Prospectus (thousands of Euro) UNIO
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Prospectus Defaulted and problem lo
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Prospectus Introduction THE GUARANT
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Prospectus Banca Popolare di Bergam
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Prospectus ( * ) Member of Executiv
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Prospectus Figures in thousands of
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Prospectus Name Franco Bossoni( * )
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Prospectus (In thousands of Euro) 3
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Prospectus of the bank. In accordan
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Prospectus Management Banca Regiona
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Prospectus INCOME STATEMENT (In tho
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Prospectus Detail of amounts due to
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Prospectus Funding Banca Carime's p
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Prospectus Funding Banca di Valle C
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Prospectus Direct funding from cust
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Prospectus Direct funding from cust
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Prospectus Loans to customers as at
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Prospectus Covered Bond Guarantee S
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Prospectus Master Loans Purchase Ag
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Prospectus Master Servicer shall al
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Prospectus receive instructions fro
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Prospectus notice substantially in
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Prospectus price reasonably availab
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Prospectus Rating Downgrade Event U
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Prospectus in the name and on behal
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Prospectus CREDIT STRUCTURE The Cov
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Prospectus "Z" stands for the weigh
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Prospectus "Z" stands for the weigh
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Prospectus Pre-Issuer Event of Defa
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Prospectus (f) (g) (h) (i) Sixth, t
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Prospectus • the payment of which
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Prospectus DESCRIPTION OF CERTAIN R
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Prospectus The issuing bank The Ban
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Prospectus and the Covered Bond Gua
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Prospectus Finally the Prepayment P
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Prospectus authorised intermediary,
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Prospectus Where an Italian residen
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Prospectus terminate at the end of
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Prospectus and (3) an annual net tu
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Prospectus Listing and Admission to
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Prospectus GLOSSARY "Accounts" mean
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Prospectus "Commercial Mortgage Loa
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Prospectus guarantee) by an entity
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Prospectus "Initial Portfolio" mean
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Prospectus "Luxembourg BdB Interest
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Prospectus "Post-Enforcement Priori
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Prospectus "Representative of the C
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Prospectus "Transfer Date" means: (
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Prospectus PRINCIPAL PAYING AGENT T
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Prospectus UBI Banca Covered Bond Programme

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