UniCredit S.p.A.
UniCredito Italiano S.p.A.: Exchangeable Notes Generali: UniCredit redeems in advance the exchangeable bond into Generali shares issued by Capitalia as envisaged in the Offering Circular
UniCredito Italiano S.p.A. / Statement Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Exchangeable Notes Generali: UniCredit redeems in advance the exchangeable bond into Generali shares issued by Capitalia as envisaged in the Offering Circular The transaction is a first step towards the final exit from the shareholding in Generali As envisaged in the Offering Circular, UniCredit exercises its option of early redemption of the outstanding exchangeable bond into Generali shares issued by Capitalia in May 2004 with maturity May 2009. Pursuant to condition 9(b)(i) – Redemption at the Option of the Issuer – the issuer can redeem in advance the bond if the share price of Generali has exceeded at least 15 times during 30 consecutive trading days 130 per cent of the principal amount of the bonds outstanding: such condition has been met as of 1st November 2007. The redemption amount will be equal to the principal amount of the bonds outstanding on the market, equal to € 314,550,000, plus accrued interest. According to the timing prescribed by the Offering Circular, the redemption date has been fixed as of 19th December 2007, with the faculty of conversion by the bondholders by 7th December 2007. Following the conversion from the bondholders with the delivery of Generali shares from UniCredit, the equity stake hold by the Group would be reduced from 4,5% to 3,5% approximately, in line with the strategy of accelerating the exit from the participation in the Generali share capital. Milan, 7th November 2007 Enquiries: Media Relations: +39 02 88628236; e-mail: MediaRelations@unicreditgroup.eu Investor Relations: +39 02 88628715; e-mail: InvestorRelations@unicreditgroup.eu 07.11.2007 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: UniCredito Italiano S.p.A. Via San Protaso 1/3 20121 Milan Italien Phone: 0039 02 8862 2995 Fax: 0039 02 8862 3816 E-mail: maurizia.angelocomneno@unicredit.it Internet: www.unicredit.it ISIN: IT0000064854 WKN: 850832 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Hannover, München, Hamburg, Düsseldorf, Stuttgart; Terminbörse EUREX End of News DGAP News-Service ---------------------------------------------------------------------------
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