GENERAL MEETING DRAFT - Bankier.pl

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On January 7, 2010 UniCredit’s Board of Directors approved the final terms and conditions of the rights
issue resolved on by the shareholders in EGM on November 16, 2009. The new ordinary shares were
offered from January 11 to January 29, 2010 in Italy and Germany and from January 14 to January 29,
2010 in Poland. 98.23% of the shares offered i.e. 2,472,338,679 new UniCredit ordinary shares were
subscribed [and no subscriptions were revoked in the Polish and German public offerings]. Rights not
exercised during the offer period were 297,005,168 valid for the subscription of 44,550,771 UniCredit
ordinary shares and were all sold in the Mercato Telematico Azionario (screen-based stock market)
organized and managed by Borsa Italiana SpA pursuant to Article 2441 (3) Italian Civil Code, through
UniCredit Bank AG, Milan Branch, on the trading days from February 8 to 12, 2010. On February 24,
2010 the capital increase resolved on by the mentioned EGM held on November 16, 2009 was thus
completed.
In March 2010 UniCredit Bank Austria AG completed a capital increase of €2 billion in order to align itself
with its main Austrian competitors in terms of capital ratios and be adequately prepared to take the
opportunities arising from future economic growth in Austria and Central Eastern Europe.
With a view to rationalizing the Group’s business consistent with its divisional business model, while
avoiding overlapping activities, a project has been launched to focus the business of UniCredit
Mediocredito Centrale SpA in the management of subsidies and subsidized lending and to continue
centralizing its IT and back-office operations. Accordingly, effective January 1, 2010 the operational
support business has been transferred to UniCredit Business Partner. Studies are proceeding for the
transfer of its back-office to UniCredit Business Partner, thus completing the transfer of its administrative
activities that began with operational support, and the transfer of its IT sector to UniCredit Global
Information Services.
On February 3, 2010 the Board of Directors approved the initiation of a study of the feasibility of
repositioning UniCredit Mediocredito Centrale SpA as a bank dedicated to public-sector business -
providing subsidized loans and managing government incentives - and of the advisability of transferring
its ‘corporate’ business to UniCredit Corporate Banking.
2009 CONSOLIDATED REPORTS AND ACCOUNTS
122