1. UNICREDIT GROUP HISTORY 1998-2005 FABI INTERNATIONAL & PROJECT DEPARTMENT 1 UNICREDIT GROUP HISTORY 1998-2005

2. UNICREDIT GROUP HISTORY 1998-2005 FABI INTERNATIONAL & PROJECT DEPARTMENT 2 1998 UNICREDITO ITALIANO CREATION Group establishment: merger of Credito Italiano, Rolo Banca, Cariverona, Cassa Risparmio Torino, Cassamarca, Cassa Risparmio Trento e Rovereto, Cassa Risparmio Trieste

3. UNICREDIT GROUP HISTORY 1998-2005 FABI INTERNATIONAL & PROJECT DEPARTMENT 3 1999  Group banks integration process Federal Model Introduction.  Customer-based segmentation. Information systems and back offices consolidation. Growth Strategy.  Expansion in CEE growth market Acquisition of Bank Pekao (Poland).

4. UNICREDIT GROUP HISTORY 1998-2005 FABI INTERNATIONAL & PROJECT DEPARTMENT 4 2000  New acquisition Acquisition of the US fund manager Pioneer Investment of Boston and creation of Pioneer Global Asset Management.  Creation of the Global Investment Management Division

5. UNICREDIT GROUP HISTORY 1998-2005 FABI INTERNATIONAL & PROJECT DEPARTMENT 5 2000  Expansion in CEE growth market Acquisition of Bulbank (Bulgaria) and Pol’nobanca – now Unibanka (Slovakia).

6. UNICREDIT GROUP HISTORY 1998-2005 FABI INTERNATIONAL & PROJECT DEPARTMENT 6 2001  Reorganization by market segments - "S3 Project" Multi-specialist structure with 3 business divisions: Retail, Corporate, Private Banking and Asset Management..  Federal Model completion in the Italian Banking Division.

7. UNICREDIT GROUP HISTORY 1998-2005 FABI INTERNATIONAL & PROJECT DEPARTMENT 7 2002  Implementation of "S3 Project" The process goes on in order to create 3 banks focused on 3 customer segments

8. UNICREDIT GROUP HISTORY 1998-2005 FABI INTERNATIONAL & PROJECT DEPARTMENT 8 2002  Expansion in CEE growth market Acquisition of Zagrebacka Banka (Croatia), Demirbank Romania (now UniCredit Romania) and Živnostenská Banka (Czech Republic). Agreement with Koç (Turkey).

9. UNICREDIT GROUP HISTORY 1998-2005 FABI INTERNATIONAL & PROJECT DEPARTMENT 9 2003  "S3 Project" completion 3 Banks establishment (UniCredit Banca, UniCredit Banca d'Impresa, UniCredit Private Banking).  Creation of the New Europe Division

10. UNICREDIT GROUP HISTORY 1998-2005 FABI INTERNATIONAL & PROJECT DEPARTMENT 10 2004  Global Banking Services Division creation Creation of the Global Banking Services Division, responsible for the optimization of cost structures and the Group’s internal processes by bringing about further synergy and cost savings.

11. UNICREDIT GROUP HISTORY 1998-2005 FABI INTERNATIONAL & PROJECT DEPARTMENT 11 2005  Expansion in CEE growth market Acquisition of Yapi Kredi by Koç (Turkey) MERGER WITH HVB GROUP