Final Terms. dated 3 October (amended and restated on 17 June 2014) UniCredit Bank AG Issue of Memory Express Certificates (the "Securities")

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1 Final Terms dated 3 October 2013 (amended and restated on 17 June 2014) UniCredit Bank AG Issue of Memory Express Certificates (the "Securities") under the EUR Debt Issuance Programme of UniCredit Bank AG These final terms (the "Final Terms") have been prepared for the purposes of Article 5 para. 4 of the Directive 2003/71/EC, as amended (the "Prospectus Directive"). In order to get the full information, the Final Terms are to be read together with the information contained in (a) the base prospectus of UniCredit Bank AG (the "Issuer") dated 29 August 2013 for the issuance of Reverse Convertible Securities and Express Securities (the "Base Prospectus"), (b) any supplements to this Base Prospectus according to Article 16 of the Prospectus Directive (the "Supplements") and (c) the registration document of the Issuer dated 17 May 2013 (the "Registration Document"), which is incorporated herein by reference. The Base Prospectus, any Supplements and these Final Terms are available in printed version free of charge at UniCredit Bank AG, Arabellastraße 12, Munich, Federal Republic of Germany and in addition on the Website of the Issuer or any successor website thereof in accordance with Article 14 of the Prospectus Directive. A summary of the individual issue is annexed to these Final Terms. SECTION A GENERAL INFORMATION: Issue date: 12 November 2013 Issue price: The issue price per Security is specified in the column "Issue Price" in Table 1.1 of 1 of the Product and Underlying Data Selling concession: The Issue Price includes a distribution fee for the intermediary, equal to 1.5% of the Issue Price. The intermediary is Poste Italiane S.p.A., sole shareholder Company, Patrimonio Banco posta, viale Europa 175, Roma. The intermediary is the Responsabile del Collocamento, as defined in article 93-bis of Legislative Decree 58/98 (as subsequently amended and supplemented). Other commissions: Other commissions will not be charged by the Issuer. Other possible commissions charged by an intermediary must be shown separately.

2 Issue volume: The issue volume of the Series offered under and described in these Final Terms is specified in the column "Issue volume of Series in units" in Table 1.1 of 1 of the Product and Underlying Data. The issue volume of the Tranche offered under and described in these Final Terms is specified in the column "Issue volume of Tranche in units" in Table 1.1 of 1 of the Product and Underlying Data. Product Type: Express Securities with Additional Amount Admission to trading and listing: Application will be made for the Securities to be admitted to trading with effect from 14 November 2013 on the following regulated or other equivalent markets: Euro TLX, the Multilateral Trading Facility (MTF) managed by EuroTLX SIM S.p.A. a company in which UniCredit S.p.A., the Holding Company of UniCredit Bank AG as the Issuer - has a stake in Application has been made to the Irish Stock Exchange for the Notes to be admitted to the Official List and to trading on its regulated market with effect from 18 June Payment and delivery: Delivery against payment Notification: The Central Bank of Ireland has provided to the competent authorities in the Czech Republic, France, and Italy a certificate of approval attesting that the Base Prospectus has been drawn up in accordance with the Prospectus Directive. Terms and conditions of the offer: Day of the first public offer: 3 October Subscription Period: 3 October 2013 to 24 October 2013 (7:30p.m. Milan Local Time). The Issuer reserves the right to extend or shorten the Subscription Period or to withdraw the issue during the Subscription Period. A public offer will be made in Italy. The smallest transferable unit is 5 securities. The smallest tradable unit is 1 securities. The Securities will be offered to retail investors by way of a public offering. As of the day of the first public offer the Securities described in the Final Terms will be offered on a continuous basis up to its maximum issue size. The number of offered Securities may be reduced or increased by the Issuer at any time and does not allow any conclusion on the size of actually issued Securities and therefore on the liquidity of a potential secondary market. The public offer may be terminated by the Issuer at any time without giving any reason. Application to listing will be made as of 14 November 2013 on the following markets: Euro TLX, the Multilateral Trading Facility managed by EuroTLX SIMS.p.A 1 Final Terms amended and restated to apply for listing on the regulated market of the Irish Stock Exchange 2

3 Consent to the use of the Base Prospectus: The Issuer consents to the use of the Base Prospectus by all financial intermediaries (so-called general consent). Such consent to use the Base Prospectus is given for the following offer period of the Securities: a period of twelve (12) months after 3 October General consent for the subsequent resale or final placement of Securities by the financial intermediaries is given in relation to Italy. US Selling Restrictions: Neither TEFRA C nor TEFRA D Additional Information Not applicable SECTION B CONDITIONS: Part A - General Conditions of the Securities Form, Clearing System, Global Note, Custody Type of the Securities: Global Note: Principal Paying Agent: Custody: certificates Permanent Global Note UniCredit Bank AG, Arabellastraße 12, München CBF 3

4 Part B - Product and Underlying Data (the "Product- and Underlying Data") Table 1.1: Banking Day Financial Centre: Milan First Trade Date: 12 November 2013 Issue Date: 12 November Product Data Issuing Agent: Clearstream Banking AG, Mergenthalerallee 61, Eschborn Nominal Amount: EUR 100 Specified Currency: Euro ("EUR") Website for Notices: Website of the Issuer: ISIN WKN Reuters Series number Tranche number Issue volume of Series in units Issue volume of Tranche in units Issue Price DE000HV8AKZ4 HV8AKZ Not Applicable IT ,000 15,000 EUR 100 Table 1.2: ISIN Underlying Reference Price Barrier Level Maturity Date DE000HV8AKZ4 ENI Spa (ISIN: IT ) Prezzo di Riferimento 70% 17 November

5 Table 1.3: ISIN Initial Observation Dates Barrier Observation Date Final Observation Date DE000HV8AKZ4 1) 7 November ) 8 November November November 2016 Table 1.4: k Observation Date (k) Early Redemption Factor (k) Early Redemption Amount Early Maturity Date (k) 1 12 November % EUR November November % EUR November November 2016 Not Applicable Not Applicable Not Applicable Table 1.5: k Additional Amount Payment Factor (k) Additional Amount Payment Date (k) Additional Amount (k) 1 70% 19 November 2014 EUR % 19 November 2015 EUR 14 minus the coupon already paid 3 70% 17 November 2016 EUR 21 minus the coupons already paid 5

6 Table 2.1: 2 Underlying Data Underlying Underlying Currency ISIN Reuters Bloomberg Relevant Exchange Website ENI SpA EUR IT ENI.MI ENI IM Equity Borsa Italiana SpA For further information regarding the respective Underlying, please refer to the Website as specified in the Table 2.1 (or any successor page) and to Annex 1 to the present Final Terms. 6

7 Part C - Special Conditions of the Securities (the "Special Conditions") 1 Definitions "Additional Amount (k)" means the respective Additional Amount (k) as specified in the column "Additional Amount (k)" in Table 1.5 in 1 of the Product and Underlying Data. "Additional Amount Payment Event" means that the Reference Price is equal to or greater than the respective Additional Amount Payment Level (k) on the respective Observation Date (k). "Additional Amount Payment Date (k)" means the respective Additional Amount Payment Date (k) as specified in the column "Additional Amount Payment Date (k)" in Table 1.5 in 1 of the Product and Underlying Data. "Additional Amount Payment Factor (k)" means the respective Additional Amount Payment Factor (k) as specified in the column "Additional Amount Payment Factor (k)" in Table 1.5 in 1 of the Product and Underlying Data. "Additional Amount Payment Level (k)" means the respective Additional Amount Payment Factor (k) multiplied by R (initial). "Adjustment Event" means each of the following events: (a) (b) (c) each measure taken by the company that has issued the Underlying or by a third party, which would -due to a change in the legal and economic position, in particular a change in the company's fixed assets and capital- in the reasonable discretion ( 315 BGB) of the Calculation Agent, affect the Underlying not only immaterially (in particular capital increase against cash contribution, issuance of Securities with options or conversion rights into shares, capital increase with company funds, distribution of special dividends, share splits, merger, liquidation, nationalisation); an early termination performed by the Determining Futures Exchange of the there traded Derivatives of the Underlying; an adjustment performed by the Determining Futures Exchange of the there traded Derivatives of the Underlying, or (d) any event which is economically equivalent to one of the above-mentioned events with regard to its consequences on the Underlying. "Banking Day" means each day (other than a Saturday or Sunday) on which the Clearing System and the Trans-European Real-time Gross settlement Express Transfer-System (TARGET2) (The "TAR- GET2") are open for business. "Barrier" means Barrier Level x R (initial). "Barrier Event" means that any Reference Price on any Barrier Observation Date is lower than the Barrier. "Barrier Level" means the Barrier Level as specified in the column "Barrier Level" in Table 1.2 in 1 of the Product and Underlying Data. "Calculation Agent" means the Calculation Agent as specified in 2 (2) of the General Conditions. "Calculation Date" means each day on which the Underlying is traded at the Relevant Exchange. "Call Event" means Share Call Event. "Change in Law" means that due to (a) the coming into effect of changes in laws or regulations (including but not limited to tax laws or 7

8 (b) capital market provisions) or a change in relevant case law or administrative practice (including but not limited to the administrative practice of the tax or financial supervisory authorities), in the reasonable discretion ( 315 BGB) of the Issuer (a) (b) the holding, acquisition or sale of the Underlying or assets that are needed in order to hedge price risks or other risks with respect to its obligations under the Securities is or becomes wholly or partially illegal for the Issuer or the costs associated with the obligations under the Securities have increased substantially (including but not limited to an increase in tax obligations, the reduction of tax benefits or other negative consequences with regard to tax treatment), if such changes become effective on or after the First Trade Date. "Clearance System" means the principal domestic clearance system customarily used for settling trades with respect to the Underlying as determined by the Calculation Agent in its reasonable discretion ( 315 BGB). "Clearance System Business Day" means, with respect to the Clearance System, any day (other than a Saturday or Sunday) on which such Clearance System is open for the acceptance and execution of settlement instructions. "Clearing System" means Clearstream Banking AG, Frankfurt am Main ("CBF"). "Determining Futures Exchange" means the futures exchange, on which respective derivatives of the Underlying (the "Derivatives") are traded, and as determined by the Calculation Agent in its reasonable discretion ( 315 BGB) by way of notice pursuant to 6 of the General Conditions in accordance with such Derivative's number or liquidity. In the case of a material change in the market conditions at the Determining Futures Exchange, such as a final discontinuation of derivatives' quotation linked to the Underlying at the Determining Futures Exchange or a considerably restricted number or liquidity, the Calculation Agent will in its reasonable discretion ( 315 BGB) by way of notice pursuant to 6 of the General Conditions determine another futures exchange as the determining futures exchange (the "Substitute Futures Exchange"). In the event of such a substitution, any reference in the Terms and Conditions of these Securities to the Determining Futures Exchange, depending on the context, shall be deemed to refer to the Substitute Futures Exchange. "Early Maturity Date (k)" means the "Early Maturity Date (k)" as specified in the column "Early Maturity Date (k)" in Table 1.4 in 1 of the Product and Underlying Data. "Early Redemption Amount" means the "Early Redemption Amount" as calculated or, respectively specified by the Calculation Agent pursuant to 4 (2) of the Special Conditions. "Early Redemption Event" means that the Reference Price is equal to or greater than the Early Redemption Level (k) on the respective Observation Date (k). "Early Redemption Factor (k)" means the "Early Redemption Factor (k)" as specified in the column "Early Redemption Factor (k)" in Table 1.4 in 1 of the Product and Underlying Data. "Early Redemption Level (k)" means the Early Redemption Factor (k) x R (initial). "Exercise Date" means the Final Observation Date. "First Trade Date" means the First Trade Date as specified in 1 of the Product and Underlying Data. "Hedging Disruption" means that the Issuer is not able to (a) (b) close, continue or carry out transactions or acquire, exchange, hold or sell assets (respectively) which in the reasonable discretion ( 315 BGB) of the Issuer are needed in order to hedge price risks or other risks with regard to its obligations under the Securities, or realise, reclaim or pass on proceeds from such transactions or assets, 8

9 under conditions which are economically substantially equivalent to those on the First Trade Date. "Increased Costs of Hedging" means that the Issuer has to pay a substantially higher amount of taxes, duties, expenditures and fees (with the exception of broker fees) compared to the First Trade Date in order to (a) (b) close, continue or carry out transactions or acquire, exchange, hold or sell assets (respectively) which in the reasonable discretion of the Issuer ( 315 BGB) are needed in order to hedge price risks or other risks with regard to its obligations under the Securities, or realise, reclaim or pass on proceeds from such transactions or assets, whereas cost increases due to a deterioration of the credit-worthiness of the Issuer are not considered as Increased Costs of Hedging. "Issue Date" means the Issue Date as specified in 1 of the Product and Underlying Data. "Issuing Agent" means the Issuing Agent as specified in 1 of the Product and Underlying Data. "Market Disruption Event" means each of the following events: (a) (b) (c) the failure of the Relevant Exchange to open for trading during its regular trading sessions; the suspension or restriction of trading in the Underlying on the Relevant Exchange; in general the suspension or restriction of trading in a Derivative of the Underlying on the Determining Futures Exchange; to the extent that such Market Disruption Event occurs in the last hour prior to the normal calculation of the Reference Price which is relevant for the Securities and continues at the point of time of the normal calculation and is material in the reasonable discretion ( 315 BGB) of the Calculation Agent. Any restriction of the trading hours or the number of days on which trading takes place on the Relevant Exchange or, as the case may be, the Determining Futures Exchange, shall not constitute a Market Disruption Event provided that the restriction occurs due to a previously announced change in the rules of the Relevant Exchange or, as the case may be, the Determining Futures Exchange. "Maturity Date" means the Maturity Date as specified in the column "Maturity Date" in Table 1.2 in 1 of the Product and Underlying Data. "Nominal Amount" means the Nominal Amount as specified in 1 of the Product and Underlying Data. "Observation Date" means each of the following Observation Dates: "Barrier Observation Date" means each of the Barrier Observation Dates as specified in the column "Barrier Observation Dates" in Table 1.3 in 1 of the Product and Underlying Data. If a Barrier Observation Date is not a Calculation Date, the immediately following Banking Day, which is a Calculation Date shall be the respective Barrier Observation Date. "Final Observation Date" means the Final Observation Date as specified in the column "Final Observation Date" in Table 1.3 in 1 of the Product and Underlying Data. If the Final Observation Date is not a Calculation Date the immediately following Banking Day, which is a Calculation Date shall be the Final Observation Date. "Initial Observation Date" means each of the Initial Observation Dates as specified in the column "Initial Observation Dates" in Table 1.3 in 1 of the Product and Underlying Data. If the Initial Observation Day is not a Calculation Date, the immediately following Banking Day, which is a Calculation Date shall be the Initial Observation Date. "Observation Date (k)" means the "Observation Date (k)" as specified in the column "Observation Date (k)" in Table 1.4 in 1 of the Product and Underlying Data. If an Observation Date (k) is not a Calculation Date, the immediately following Banking Day, which is a Calculation Date shall be the respective Observation Date (k). "Principal Paying Agent" means the Principal Paying Agent as specified in 2 (1) of the General Conditions. "R (final)" means the Reference Price on the Final Observation Date 9

10 "R (initial)" means the equally weighted average of the Reference Prices specified on the Reference Price on the Initial Observation Dates. "Redemption Amount" means the Redemption Amount as calculated or, respectively, specified by the Calculation Agent pursuant to 4 of the Special Conditions. "Reference Price" means the Reference Price of the Underlying as specified in the column "Reference Price" in Table 1.2 in 1 of the Product and Underlying Data. "Relevant Exchange" means the Relevant Exchange as specified in the column "Relevant Exchange" in Table 2.1 in 2 of the Product and Underlying Data. In the case of a material change in the market conditions at the Relevant Exchange, such as a final discontinuation of the quotation of the Underlying at the Relevant Exchange and the quotation at a different stock exchange or considerably restricted number or liquidity, the Calculation Agent will in its reasonable discretion ( 315 BGB) by way of notice pursuant to 6 of the General Conditions determine another stock exchange as the relevant exchange (the "Substitute Exchange"). In the event of a substitution, any reference in the Terms and Conditions of these Securities to the Relevant Exchange shall be deemed to refer to the Substitute Exchange. "Security Holder" means the holder of a Security. "Settlement Cycle" means the period of Clearance System Business Days following a transaction on the Relevant Exchange in the Underlying, during which period settlement will customarily take place according to the rules of such Relevant Exchange. "Share Call Event" means each of the following events: an adjustment pursuant to 8 (1) of the Special Conditions is not possible or not reasonable with regard to the Issuer and/or the Security Holders; (b) (c) (d) the quotation of the Underlying at the Relevant Exchange is finally ceased and in the reasonable discretion ( 315 BGB) of the Calculation Agent no Substitute Relevant Exchange could be determined; the quotation of the Underlying at the Relevant Exchange no longer occurs in the Underlying Currency; a Change in Law and/or a Hedging Disruption and/or Increased Costs of Hedging occurs. "Specified Currency" means the Specified Currency as specified in 1 of the Product and Underlying Data. "Terms and Conditions" means the terms and conditions of these Securities as set out in the General Conditions (Part A), the Product and Underlying Data (Part B) and the Special Conditions (Part C). "Underlying" means the Underlying as specified in the column "Underlying" in Table 1.2 in 1 of the Product and Underlying Data. "Underlying Currency" means the Underlying Currency as specified in the column "Underlying Currency" in Table 2.1 in 2 of the Product and Underlying Data. "Website for Notices" means the Website for Notices as specified in 1 of the Product and Underlying Data. "Website of the Issuer" means the Website of the Issuer as specified in 1 of the Product and Underlying Data. (1) The Securities do not bear interest. 2 Interest, Additional Amount (2) If an Additional Amount Payment Event has occurred on an Observation Date (k), the respective Additional Amount (k) will be paid on the respective Additional Amount Payment Date (k) 10

11 pursuant to the provisions of 6 of the Special Conditions less all Additional Amounts paid on the preceding Additional Amount Payment Dates. If no Additional Amount Payment Event has occurred on the respective Observation Date (k), no Additional Amount (k) will be paid on the respective Additional Amount Payment Date (k). 3 Redemption, Automatic Early Redemption (1) Redemption: The Securities shall be redeemed upon automatic exercise by payment of the Redemption Amount on the Maturity Date pursuant to the provisions of 6 of the Special Conditions. The Securities shall be deemed automatically exercised on the Exercise Date. (2) Automatic early redemption: If an Early Redemption Event has occurred the Securities will be automatically early redeemed on the immediately following Early Maturity Date (k) by payment of the respective Early Redemption Amount on the respective Early Maturity Date (k) pursuant to the provisions of 6 of the Special Conditions. 4 Redemption Amount, Early Redemption Amount (1) Redemption Amount: The "Redemption Amount" corresponds to an amount in the Specified Currency calculated or specified by the Calculation Agent as follows: - If no Barrier Event has occurred the Redemption Amount corresponds to the Nominal Amount. - If a Barrier Event has occurred, the Redemption Amount is specified according to the following formula: Redemption Amount = Nominal Amount x R (final) / R (initial) However, the Redemption Amount in this case is not higher than the Nominal Amount. (2) Early Redemption Amount: The Early Redemption Amount for an Early Maturity Date (k) is specified in the column "Early Redemption Amount" in Table 1.4 in 1 of the Product and Underlying Data. 5 Issuer's Extraordinary Call Right Issuer's extraordinary call right: Upon the occurrence of a Call Event the Issuer may call the Securities extraordinarily by giving notice pursuant to 6 of the General Conditions and redeem the Securities at their Cancellation Amount. Such call shall become effective at the time of the notice pursuant to 6 of the General Conditions or at the time indicated in the notice, as the case may be. The "Cancellation Amount" shall be the reasonable market value of the Securities determined by the Calculation Agent in its reasonable discretion ( 315 BGB) within ten Banking Days before the extraordinary call becomes effective. The Cancellation Amount will be paid five Banking Days following the date of the above mentioned notice, or at the date specified in such notice, as the case may be, pursuant to the provisions of 6 of the Special Conditions. 11

12 6 Payments (1) Rounding: The amounts payable under these Terms and Conditions shall be rounded up or down to the nearest EUR 0.01, with being rounded upwards. (2) Business day convention: If the due date for any payment under the Securities (the "Payment Date") is not a Banking Day then the Security Holders shall not be entitled to payment until the next following Banking Day. The Security Holders shall not be entitled to further interest or other payments in respect of such delay. (3) Manner of payment, discharge: All payments shall be made to the Principal Paying Agent. The Principal Paying Agent shall pay the amounts due to the Clearing System to be credited to the respective accounts of the depository banks and to be transferred to the Security Holders. The payment to the Clearing System shall discharge the Issuer from its obligations under the Securities in the amount of such a payment. (4) Interest of default: If the Issuer fails to make payments under the Securities when due, the amount due shall bear interest on the basis of the default interest rate established by law. Such accrual of interest starts on the day following the due date of that payment (including) and ends on the effective date of the payment (including). 7 Market Disruptions (1) Postponement: Notwithstanding the provisions of 8 of the Special Conditions, if a Market Disruption Event occurs on an Observation Date, the respective Observation Date will be postponed to the next following Calculation Date on which the Market Disruption Event no longer exists. Any Payment Date relating to such Observation Date shall be postponed if applicable. Interest shall not be payable due to such postponement. (2) Discretional valuation: Should the Market Disruption Event continue for more than 30 Banking Days consecutive Banking Days the Calculation Agent shall determine in its reasonable discretion ( 315 BGB) the respective Reference Price required for the calculations or, respectively, specifications described in the Terms and Conditions of these Securities. Such Reference Price shall be determined in accordance with prevailing market conditions at Milan on this 30 th Banking Day, taking into account the economic position of the Security Holders. If within these 30 Banking Days traded Derivatives of the Underlying expire and are settled on the Determining Futures Exchange, the settlement price established by the Determining Futures Exchange for the there traded Derivatives will be taken into account in order to conduct the calculations or, respectively, specifications described in the Terms and Conditions of these Securities. In that case, the expiration date for those Derivatives is the respective Observation Date. 8 Adjustments, Replacement Specification (1) Adjustments: Upon the occurrence of an Adjustment Event the Calculation Agent shall in its reasonable discretion ( 315 BGB) adjust the Terms and Conditions of these Securities (in particular the Underlying, the Ratio and/or all prices of the Underlying, which have been specified by the Calculation Agent) and/or all prices of the Underlying determined by the Calculation Agent on the basis of the Terms and Conditions of these Securities in such a way that the economic position of the Security Holders remains unchanged to the greatest extent possible. Any adjustment will be performed taking into consideration any adjustments made by the Determining Futures Exchange to the there traded Derivatives linked to the Underlying, and the remaining term of the Securities as well as the latest available price of the Underlying. If the Calculation Agent determines that, pursuant to the rules of the Determining Futures Exchange, 12

13 no adjustments were made to the Derivatives linked to the Underlying, the Terms and Conditions of these Securities regularly remain unchanged. The exercised adjustments and the date of the first application shall be notified pursuant to 6 of the General Conditions. (2) Replacement Specification: If a price of the Underlying published by the Relevant Exchange pursuant to the Terms and Conditions of these Securities will subsequently be corrected and the correction (the "Corrected Value") will be published by the Relevant Exchange after the original publication, but still within one Settlement Cycle, then the Calculation Agent will notify the Issuer of the Corrected Value without undue delay and shall again specify and publish the respective value by using the Corrected Value (the "Replacement Specification") pursuant to 6 of the General Conditions. UniCredit Bank AG 13

14 SUMMARY Summaries are made up of disclosure requirements known as "Elements". These Elements are numbered in sections A E (A.1 E.7). This Summary contains all the Elements required to be included in a summary for this type of securities and issuer. Because some Elements are not required to be addressed, there may be gaps in the numbering sequence of the Elements. Even though an Element may be required to be inserted in the Summary because of the type of securities and issuer, it is possible that no relevant information can be given regarding the Element. In this case a short description of the Element is included in the Summary with the specification of 'Not applicable'. A. INTRODUCTION AND WARNINGS A.1 Warning This Summary should be read as an introduction to the Base Prospectus. The investor should base any decision to invest in the Securities on consideration of the Base Prospectus as a whole. Where a claim relating to the information contained in this Base Prospectus is brought before a court, the plaintiff investor might, under the national legislation of the Member States, have to bear the costs of translating the Base Prospectus before the legal proceedings are initiated. UniCredit Bank AG, Kardinal-Faulhaber-Straße 1, Munich (in its capacity as Issuer) assumes liability for the Summary including any translation thereof, but only if the Summary is misleading, inaccurate or inconsistent when read together with the other parts of the Base Prospectus, or it does not provide, when read together with the other parts of the Base Prospectus, all necessary key information. A.2 Consent to the use of the base prospectus Indication of the offer period Other conditions attached to the consent Provision of terms and conditions of the offer by financial intermediary Subject to the following paragraphs, the Issuer gives its consent to the use of the Base Prospectus during the term of its validity for subsequent resale or final placement of the Securities by financial intermediaries. Resale or final placement of the Securities by financial intermediaries can be made and consent to use the Base Prospectus is given for an offer period of twelve (12) months following the 3 October Subject to the condition that each financial intermediary complies with the terms and conditions of the issue, the applicable final terms as well as the applicable selling restrictions, the consent is not subject to any other conditions. In the event of an offer being made by a financial intermediary, this financial intermediary will make available information to investors on the terms and conditions of the offer at the time the offer is made. B. ISSUER B.1 Legal and commercial name B.2 Domicile / Legal form / Legislation / Country of incorporation UniCredit Bank AG ("UniCredit Bank" or "HVB", and together with its consolidated subsidiaries, the "HVB Group") is the legal name. HypoVereinsbank is the commercial name. UniCredit Bank has its registered office in Munich, was incorporated in Germany and is registered with the Commercial Register at the Local Court (Amtsgericht) in Munich, incorporated as a stock corporation under the laws of the Federal Republic of Germany. B.4b Known trends affecting the issuer and the industries in which it operates The global economy and the international financial markets will continue to face a high degree of uncertainty in The financial markets will continue to be affected by the unresolved sovereign debt crisis in particular. The banking sector still faces significant challenges, from both the overall economic environment and pending regulatory initiatives by banking supervisors. In this environment, HVB Group will continually adapt its business strategy to reflect changes in market conditions and carefully review the management signals derived from this on a regular basis. B.5 Description of the group and the issuer's position UniCredit Bank is the parent company of HVB Group. HVB Group holds directly and indirectly equity participations in various companies.

15 within the group B.9 Profit forecast or estimate B.10 Nature of any qualifications in the audit report on historical financial information UniCredit Bank has been an affiliated company of UniCredit S.p.A., Rome ("UniCredit S.p.A.", and together with its consolidated subsidiaries, "UniCredit") since November 2005 and hence a major part of UniCredit from that date as a sub-group. UniCredit S.p.A. holds directly 100% of UniCredit Bank's share capital. Not applicable; no profit forecast or estimate is made. Not applicable. KPMG AG Wirtschaftsprüfungsgesellschaft, the independent auditors (Wirtschaftsprüfer) of UniCredit Bank for the financial years 2011 and 2012, have audited the consolidated financial statements of HVB Group and the unconsolidated financial statements of UniCredit Bank as of and for the years ended 31 December 2011 and 2012 and have issued an unqualified audit opinion thereon. B.12 Selected historical key financial information Consolidated Financial Highlights as of 31 December 2012* Key performance indicators 1/1 31/12/2012 1/1 31/12/2011 Net operating profit 1,807m 1,935m Cost-income ratio (based on operating income) 58.1% 62.1% Profit before tax 2,058m 1,615m Consolidated profit 1,287m 971m Return on equity before tax 1) 9.2% 7.2% Return on equity after tax 1) 5.8% 4.3% Earnings per share Balance sheet figures 31/12/ /12/2011 Total assets 348.3bn 372.3bn Shareholders' equity 23.3bn 23.3bn Leverage ratio 2) 15.0x 16.0x Key capital ratios compliant with Basel II 31/12/ /12/2011 Core capital without hybrid capital (core Tier 1 capital) 19.1bn 19.9bn Core capital (Tier 1 capital) 19.5bn 20.6bn Risk-weighted assets (including equivalents for market risk and operational risk) 109.8bn 127.4bn Core capital ratio without hybrid capital (core Tier 1 ratio) 3) 17.4% 15.6% Core capital ratio (Tier 1 ratio) 3) 17.8% 16.2% * Figures shown in this table are audited and taken from the Issuer's Consolidated Annual Report as of 31 December ) Return on equity calculated on the basis of average shareholders' equity according to IFRS. 2) Ratio of total assets to shareholders' equity compliant with IFRS. 3) Calculated on the basis of risk-weighted assets, including equivalents for market risk and operational risk. Consolidated Financial Highlights as of 30 June 2013* Key performance indicators 1/1 30/06/2013 1/1 30/06/2012 Net operating profit 1,121m 1,411m Cost-income ratio (based on operating income) 59.4% 51.5% Profit before tax 1,222m 1,557m 15

16 Consolidated profit 818m 912m Return on equity before tax 1) 11.8% 13.9% Return on equity after tax 1) 8.1% 8.3% Earnings per share Balance sheet figures 30/06/ /12/2012 Total assets 319.5bn 348.3bn Shareholders' equity 21.6bn 23.3bn Leverage ratio 2) 14.8x 15.0x Key capital ratios compliant with Basel II 30/06/ /12/2012 Core capital without hybrid capital (core Tier 1 capital) 19.1bn 19.1bn Core capital (Tier 1 capital) 19.2bn 19.5bn Risk-weighted assets (including equivalents for market risk and operational risk) 100.0bn 109.8bn Core capital ratio without hybrid capital (core Tier 1 ratio) 3) 19.1% 17.4% Core capital ratio (Tier 1 ratio) 3) 19.2% 17.8% * Figures shown in this table are unaudited and taken from the Issuer's Consolidated Half-yearly Financial Report as of 30 June ) Return on equity calculated on the basis of average shareholders' equity according to IFRS. 2) Ratio of total assets to shareholders' equity compliant with IFRS. 3) Calculated on the basis of risk-weighted assets, including equivalents for market risk and operational risk. Statement with regard to no material adverse change in the prospects of the issuer since the date of its last published audited financial statements or a description of any material adverse change Description of significant change in the financial position subsequent to the period covered by the historical financial information B.13 Recent developments B.14 Statement of dependency upon other entities within the group There has been no material adverse change in the prospects of HVB Group since 31 December There has been no significant change in the financial position of HVB Group since 30 June Not applicable. There are no recent events particular to UniCredit Bank which are to a material extent relevant to the evaluation of its solvency. UniCredit S.p.A. holds directly 100% of UniCredit Bank s share capital. B.15 Principal activities UniCredit Bank offers a comprehensive range of banking and financial products and services to private, corporate and public sector customers and international companies. 16

17 Its range extends i.a., from mortgage loans, consumer loans and banking services for private customers, business loans and foreign trade financing for corporate customers through to fund products for all asset classes, advisory and brokerage services, securities transactions, liquidity and financial risk management, advisory services for affluent customers and investment banking products for corporate customers. B.16 Direct or indirect ownership or control UniCredit S.p.A. holds directly 100% of UniCredit Bank's share capital. C. SECURITIES C.1 Type and class of the securities Express Securities with Additional Amount Each Tranche of Securities will be issued as Certificates with Nominal Amount. "Certificates" are debt instruments in bearer form (Inhaberschuldverschreibungen) pursuant to 793 German Civil Code (Bürgerliches Gesetzbuch, BGB). "Nominal Amount" means EUR 100. The Securities are represented by a permanent global note without interest coupons. The holders of the Securities (the "Security Holders") are not entitled to receive definitive Securities. Series Tranche ISIN WKN IT DE000HV8AKZ4 HV8AKZ C.2 Currency of the securities issue C.5 Restrictions of any free transferability of the securities C.8 Rights attached to the securities, including ranking and limitations to those rights C.11 Admission to trading The Securities are issued in Euro ("EUR") (the "Specified Currency"). Not applicable. The Securities are freely transferable. Governing law of the Securities The Securities, as to form and content, and all rights and obligations of the Issuer and the Security Holder shall be governed by the laws of the Federal Republic of Germany. Rights attached to the Securities The Securities have a fixed term. The Securities do not bear interest. In the case of an Additional Amount Payment Event (as defined in C.15) the Security Holders are entitled to the payment of the respective Additional Amount (k) (as defined in C.15) on the respective Additional Amount Payment Date (k) (as defined in C.16). The Security Holders are entitled to the payment of the Early Redemption Amount (as defined in C.15) on an Early Maturity Date (k) (as defined in C.16) or to the payment of the Redemption Amount (as defined in C.15) on the Maturity Date (as defined in C.16) upon automatic exercise on the Exercise Date (as defined in C.16). Limitation of the rights The Issuer may early redeem the Securities or adjust the terms and conditions of the Securities. Status of the Securities The obligations under the Securities constitute direct, unconditional and unsecured obligations of the Issuer and rank, unless provided otherwise by law, at least pari passu with all other unsecured unsubordinated present and future obligations of the Issuer. Application will be made for the Securities to be admitted to trading with effect from 14 November 2013 on the following regulated or other equivalent markets: Euro TLX, the Multilateral Trading Facility, managed by EuroTLX SIM S.p.A. a company in which UniCredit S.p.A., the Holding Company of UniCredit Bank AG as the Issuer - has a stake in. C.15 Effect of the underlying on the value of the securi- Express Securities with Additional Amount are Securities where redemption as at the Maturity Date depends on the Reference Price. In addition, Express Securities with Additional Amount allow for the payment of an Additional Amount on each Additional Amount Payment Date (k), if an Additional Amount Payment Event has occurred. If, however, an Early Redemption Event has occurred, the Express Securities with Additional Amount are under certain circumstances (as 17

18 ties described below) automatically redeemed early at the Early Redemption Amount on the immediately following Early Maturity Date (k). If an Additional Amount Payment Event has occurred on an Observation Date (k), the respective Additional Amount (k) is paid on the respective Additional Amount Payment Date (k) less all Additional Amounts paid for the Additional Amount on the previous Payment Dates (k). If no Additional Amount Payment Event has occurred on such date, no Additional Amount (k) is paid on the respective Additional Amount Payment Date (k). If an Early Redemption Event has occurred, the Securities are automatically redeemed early on the immediately following Early Maturity Date (k) by payment of the respective Early Redemption Amount. Otherwise, redemption is made on the Maturity Date by payment of the redemption amount (the "Redemption Amount"), which is calculated or specified as follows: - If no Barrier Event has occurred, the Redemption Amount corresponds to the Nominal Amount. - If a Barrier Event has occurred, the Redemption Amount specified according to the following formula: Redemption Amount = Nominal Amount x R (final) / R (initial) [(R (final) and R (initial) as defined in C.19)] However, the Redemption Amount will in this case not be greater than the Nominal Amount. ISIN Barrier Level DE000HV8AKZ4 70% k Early Redemption Factor (k) Early Redemption Amount 1 100% EUR % EUR 100 k Additional Amount Payment Factor (k) Additional Amount (k) 1 70% EUR % EUR 14 minus the coupon already paid 3 70% EUR 21 minus the coupons already paid "Barrier" means Barrier Level x R (initial). "Barrier Event" means that a Reference Price is lower than the Barrier on a Barrier Observation Date. "Additional Amount Payment Event" means that the Reference Price is equal to or greater than the relevant Additional Amount Payment Level (k) on the relevant Observation Date (k). "Additional Amount Payment Level (k)" means Additional Amount Payment Factor (k) x R (initial). "Early Redemption Event" means that the Reference Price is equal to or greater than the Early Redemption Level (k) on the relevant Observation Date (k). "Early Redemption Level (k)" means Early Redemption Factor (k) x R (initial). C.16 The expiration or maturity date of the derivative securities the exercise date or final reference date "Exercise Date" means the Final Observation Date. ISIN Initial Observation Dates Barrier Observation Date Final Observation Date Maturity Date DE000HV8AKZ4 1) 7 November ) 8 November November November November 2016 k Observation Date (k) Early Maturity Date (k) Additional Amount Payment Date(k) 1 12 November November November November November November November 2016 Not Applicable 17 November

19 C.17 Settlement procedure of the securities C.18 Description of how any return on derivative securities takes place C.19 Exercise price or final reference price of the underlying C.20 Type of the underlying and description where information on the underlying can be found All payments shall be made to UniCredit Bank AG (the "Principal Paying Agent"). The Principal Paying Agent shall pay the amounts due to the Clearing System for credit to the respective accounts of the depository banks for transfer to the Security Holders. The payment to the Clearing System shall discharge the Issuer from its obligations under the Securities in the amount of such payment. "Clearing System" means Clearstream Banking AG, Frankfurt am Main. Payment of the Redemption Amount on the Maturity Date within five Banking Days after the Maturity Date upon automatic exercise. Payment of the Additional Amount on each Additional Amount Payment Date. Payment of the respective Early Redemption Amount on the respective Early Maturity Date (k). "R (initial)" means the equally weighted average of the Reference Prices specified on the Initial Observation Dates. "R (final)" means the Reference Price on the Final Observation Date. ISIN DE000HV8AKZ4 Reference Price Prezzo di Riferimento "Underlying" means a share as further described by the following parameters: DE000HV8AKZ4 ISIN Underlying Underlying Currency Relevant Exchange Website ENI S.p.A. (IT ) EUR Borsa Italiana S.p.A. For further information about the past and the future performance of the Underlying and its volatility, please refer to the Website, as specified in the table above (or any successor website) D. RISKS D.2 Key information on the key risks that are specific to the Issuer Issuer risk Issuer risk is related to the possibility that the Issuer, with reference to its business and profitability is unable to pay the redemption amount, due to a deterioration in the soundness of assets. Credit Risk (i) Risks connected to an economic slowdown and volatility of the financial markets; (ii) Deteriorating asset valuations resulting from poor market conditions may adversely affect the HVB Group's future earnings; (iii) The economic conditions of the geographic markets in which the Group operates have had, and may continue to have, adverse effects on the Group s results of operations, business and financial condition; (iv) Non-traditional banking activities expose the HVB Group to additional credit risks; (v) HVB Group's income can be volatile related to trading activities and fluctuations in interest and exchange rates; (vi) Changes in the German and European regulatory framework could adversely affect the Group's business; (vii) Loan losses may exceed anticipated levels; (viii) Risks related to market implementations; (ix) Systemic risk could adversely affect the Group's business. Market Risk Difficult market situations can add to volatility in HVB Group's income 19

20 Liquidity Risk (i) Risks concerning liquidity could affect the Group's ability to meet its financial obligations as they fall due; (ii) HVB Group's results of operations, business and financial condition have been and will continue to be affected by adverse macroeconomic and market conditions; (iii) The European sovereign debt crisis has adversely affected, and may continue to, adversely affect the Group's results of operations, business and financial condition; (iv) HVB Group has significant exposure to weaker Eurozone countries; (v) Disruptions on financial markets potentially impact the liquidity situation of HVB Group. Operative Risk (i) HVB Group's risk management strategies and techniques may leave HVB Group exposed to unidentified or unanticipated risks; (ii) IT risks; (iii) Risks in connection with outsourcing; (iv) Risks arising from fraud in trading; (v) Risks in connection with legal proceedings; (vi) The HVB Group is involved in pending tax proceedings. Strategic Risk (i) Risk from overall economic trends and risk from external market changes; (ii) Risks from the strategic orientation of HVB Group s business model; (iii) Risks from the consolidation of the banking market; (iv) Competition risk; (v) Uncertainty about macro-economic developments and risks from increasingly stringent regulatory requirements; (vi) The introduction of Basel III may have a material impact on the capital resources and requirements of HVB Group; (vii) Tax implications new types of tax to make banks contribute to the cost of the financial crisis; (viii) Risks related to Ratings of HVB Group; (ix) The regulatory environment for HVB Group may change; non-compliance with regulatory requirements may result in enforcement measures. Additional Risks (i) Business Risk; (ii) Risks arising from HVB s real estate portfolio; (iii) Risks arising from HVB Group s shareholdings/financial investments. D.6 Key information on the key risks that are specific to the securities Potential conflicts of interest Conflict of interest risk is related to the possibility that certain functions of the Issuer, distributors or agents or events with respect to the underlying-linked Securities may be adverse to the interests of the Security Holders. Risks related to the market (i) Risk that no active trading market for the Securities exists; (ii) Risks relating to the offering volume; (iii) Risk relating to the market value of the Securities; (iv) Risk relating to the expansion of the spread between bid and offer prices; (v) Currency risk with respect to the Securities; (vi) Risk relating to hedging transactions. Risks related to the Securities in general (i) Credit risk of the Issuer; (ii) Possible limitations of the legality of purchase; (iii) Risks arising from financial market turmoils, the German Bank Restructuring Act and other governmental or regulatory interventions; (iv) Risks due to no own independent review and advice of the investor; (v) Risks arising from financing the purchase of the Securities; (vi) Risks arising from transaction costs; (vii) Inflation risk; (viii) Risks arising from transactions to reduce risks; (ix) Taxation risks. Risks related to underlying-linked Securities (i) Risks arising from the influence of the Underlying on the market value of the Securities; (ii) Risks arising from the fact that the observation of the Underlying occurs only at a specified date or time; (iii) Risks arising from the impact of thresholds or limits; (iv) Risks arising from the impact of Barrier Events; (v) Risks in relation to a Ratio; (vi) Risks arising from a limitation of the potential returns to a Maximum Amount; (vii) Risks due to express structures; (viii) Risk of postponement or alternative provisions for the valuation of the Underlying; (ix) Risks associated with Securities where Additional Amounts are linked to an Underlying (x) Currency risk with respect to the Underlying; (xi) Risks in relation to adjustment events; (xii) Risk of market disruptions; (xiii) Risk of regulatory consequences to investors in underlyinglinked Securities; (xiv) Risks arising from negative effects of hedging arrangements by the Issuer on the Securities; (xv) Risks arising from the Issuer's extraordinary call right; (xvi) Risks in relation to physical delivery. Risks related to Underlyings - General risks (i) Risks arising from the volatility of the value of the Underlying and risk due to a short history; (ii) No rights of ownership of the Underlying; (iii) Risks associated with Underlyings subject to emerging market jurisdictions. - Risks related to shares as Underlying (i) Similar risks to a direct investment in shares; (ii) Investors have no shareholder rights; (iii) No registration in the register of members in the case of physical delivery of registered shares; (iv) Risks in relation to ADRs/RDRs. The Securities are not capital protected. Investors may lose the value of their entire investment 20

21 or part of it. E. OFFER E.2b Reasons for the offer and use of proceeds when different from making profit and/or hedging certain risks E.3 Description of the terms and conditions of the offer E.4 Any interest that is material to the issue/offer including conflicting interest E.7 Estimated expenses charged to the investor by the Issuer or the distributo The net proceeds from each issue of Securities will be used by the Issuer for its general corporate purposes. Day of the first public offer: 3 October A public offer will be made in Italy. The smallest transferable unit is 5 Securities. The smallest tradable unit is 1 Securities. The Securities will be offered to retail investors by way of public offerings. As of the day of the first public offer the Securities described in the Final Terms will be offered on a continuous basis up to its maximum issue size. The number of offered Securities may be reduced or increased by the Issuer at any time and does not allow any conclusion on the size of actually issued Securities and therefore on the liquidity of a potential secondary market. The continuous offer will be made on current ask prices provided by the Issuer. The public offer may be terminated by the Issuer at any time without giving any reason. The Securities are initially offered during a Subscription Period, and continuously offered thereafter. Subscription Period: 3 October 2013 to 24 October 2013 (7.30 p.m. Milan Local Time). The Issuer reserves the right to extend or shorten the Subscription Period or to withdraw the issue during the Subscription Period. Any distributors and/or its affiliates may be customers of, and borrowers from the Issuer and its affiliates. In addition, any of such distributors and their affiliates may have engaged, and may in the future engage, in investment banking and/or commercial banking transactions with, and may perform services for the Issuer and its affiliates in the ordinary course of business. The Issue Price includes a placement commission for the intermediary, equal to 1.5% of the Issue Price, except as described below. This commission is paid by the Issuer for placement services and is included in the Issue Price, consequently entirely paid by the Securities holders Therefore, having an Issue Price of EUR 100 and the derivative component value as determined on 11 September 2013, such Issue Price may be also illustrated as follows: Derivative component Placement commission Issue Price (A) (B) (C=A+B) EUR 98.5 EUR 1.5 EUR

22 Annex I DESCRIPTION OF THE UNDERLYING ENI S.p.A. explores for and produces hydrocarbons in Italy, Africa, North Sea, Gulf of Mexico, Kazakhstan and Australia. The company both produces natural gas and imports it for sales in Italy and elsewhere in Europe. ENI transports natural gas in pipelines. The company generates and trades electricity, refines oil, and operates service stations (Source: Bloomberg). The issuer of the Share is subject to disclosure requirements to both the competent local authorities and the investors. The price historical trend of ENI share, is indicated in the following graphs from 11th September 2008 to 11th September 2013 (source: Bloomberg). The historical data relating to the Underlying trend are not indicative for its future performance. 22

23 NOTA DI SINTESI Le Note di Sintesi sono costituite da requisiti informativi denominati "Elementi". Detti Elementi sono numerati nelle sezioni A E (A.1 E.7). La presente Nota di Sintesi contiene tutti gli Elementi richiesti riguardo alla tipologia di strumenti finanziari e di emittente. Dal momento che alcuni Elementi non risultano rilevanti, la sequenza numerica degli Elementi potrebbe non essere completa. Nonostante alcuni Elementi debbano essere inseriti nella Nota di Sintesi riguardo alla tipologia di strumento finanziario e di emittente, può accadere che non sia possibile fornire alcuna informazione utile in merito ad alcuni Elementi. In tal caso nella Nota di Sintesi sarà presente una breve descrizione dell'elemento con l'indicazione "Non applicabile". A. INTRODUZIONE E AVVERTENZE A.1 Avvertenza La presente Nota di Sintesi va letta come un'introduzione al presente Prospetto di Base. A.2 Consenso all'utilizzo del prospetto di base Indicazione del periodo di offerta Altre condizioni annesse al consenso Condizioni dell'offerta messe a disposizione da parte di intermediari finanziari B. EMITTENTE Qualsiasi decisione di investire nei Titoli dovrebbe basarsi sull'esame da parte dell'investitore del Prospetto di Base completo. Qualora sia presentato un ricorso dinanzi all'autorità giudiziaria in merito alle informazioni contenute nel presente Prospetto di Base, l'investitore ricorrente potrebbe essere tenuto, a norma del diritto nazionale degli Stati membri, a sostenere le spese di traduzione del Prospetto di Base prima dell'inizio del procedimento. La responsabilità per la presente Nota di Sintesi, comprese le sue eventuali traduzioni, incombe su UniCredit Bank AG, Kardinal-Faulhaber-Straße 1, Monaco, Germania (quale Emittente), ma soltanto qualora la Nota di Sintesi risulti fuorviante, imprecisa o incoerente se letta insieme con le altre parti del Prospetto di Base o non offra, se letta insieme alle altre parti del Prospetto di Base, le informazioni fondamentali. Salvo quanto previsto ai successivi paragrafi, l'emittente acconsente all'utilizzo del Prospetto di Base, durante il suo periodo di validità, per una rivendita successiva o collocamento finale dei Titoli da parte di intermediari finanziari. La rivendita o il collocamento finale dei Titoli da parte di intermediari finanziari sono ammessi ed è dato il consenso all'utilizzo del Prospetto di Base per un periodo di offerta di dodici (12) mesi successivo al 3 ottobre A condizione che ciascun intermediario finanziario adempia ai termini e condizioni dell'emissione, alle condizioni definitive applicabili nonché alle restrizioni di vendita applicabili, il consenso non è soggetto ad alcuna ulteriore condizione. Si informano gli investitori che le informazioni relative ai termini e alle condizioni dell'offerta da parte di un intermediario finanziario sono fornite al momento dell'offerta medesima dall'intermediario finanziario stesso. B.1 Denominazione legale e commerciale B.2 Domicilio / Forma giuridica / Legislazione in base alla quale opera / Paese di costi-tuzione UniCredit Bank AG ("UniCredit Bank" o "HVB", e congiuntamente con le proprie controllate consolidate il "Gruppo HVB") è la denominazione legale. HypoVereinsbank è la denominazione commerciale. UniCredit Bank ha la propria sede legale a Monaco, Germania, è stata costituita ai sensi del diritto tedesco, è iscritta presso il Registro delle imprese di Monaco (Amtsgericht) nella forma di società per azioni ai sensi delle leggi della Repubblica Federale tedesca, ed opera secondo il diritto tedesco. B.4b Tendenze note riguardanti l Emittente e i settori in cui opera L'economia globale e i mercati finanziari internazionali continueranno ad affrontare un alto grado di incertezza nel I mercati finanziari continueranno ad essere soggetti, in particolare, all'irrisolta crisi del debito sovrano. Il settore bancario continua ad affrontare sfide rilevanti provenienti sia dal contesto economico generale che dalle iniziative regolamentari di autorità bancarie garanti. In tale contesto, il Gruppo HVB adatterà continuamente la propria strategia d'impresa al fine di riflettere i cambiamenti 23

24 delle condizioni di mercato e rivedrà attentamente, su base regolare, i segnali da ciò provenenti. B.5 Descrizione del Gruppo di appartenenza dell'emittente e della posizione che esso vi occupa B.9 Previsione o stima degli utili B.10 Eventuali rilievi contenuti nella relazione di revisione relativa alle informazioni finanziarie relative agli esercizi passati B.12 Principali informazioni finanziarie selezionate relative agli esercizi passati UniCredit Bank è la capogruppo del Gruppo HVB. Il Gruppo HVB detiene, direttamente ed indirettamente, partecipazioni azionarie in varie società. UniCredit Bank è una controllata di UniCredit S.p.A., Roma ("UniCredit S.p.A.", e congiuntamente alle proprie collegate e/o controllate "UniCredit") dal novembre 2005 e a partire da tale data una componente rilevante di UniCredit quale sottogruppo. UniCredit S.p.A. detiene direttamente il 100% del capitale sociale di UniCredit Bank. Non applicabile; l'emittente non esprime alcuna previsione o stima degli utili. Non applicabile. KPMG AG Wirtschaftsprüfungsgesellschaft, quale revisore indipendente (Wirtschaftsprüfer) di UniCredit Bank ha rilasciato, per gli anni finanziari 2011 e 2012, relativamente al bilancio consolidato di HVB ed al bilancio non consolidato di UniCredit Bank al 31 dicembre 2011 e 2012 l'apposita relazione esprimendo un giudizio senza rilievi. Principali indicatori finanziari consolidati al 31 dicembre 2012* Principali indicatori economici 1/1 31/12/2012 1/1 31/12/2011 Margine operativo netto 1,807m 1,935m Rapporto costi/ricavi (in base al ricavo operativo) 58.1% 62.1% Utile prima delle imposte 2,058m 1,615m Utile consolidato 1,287m 971m Return on equity prima delle imposte 1) 9.2% 7.2% Return on equity dopo le imposte 1) 5.8% 4.3% Utile per azione Dati dello stato patrimoniale 31/12/ /12/2011 Attività totale 348.3bn 372.3bn Patrimonio netto 23.3bn 23.3bn Rapporto di indebitamento 2) 15.0x 16.0x Principali rapporti di capitale conformi a Basilea II 31/12/ /12/2011 Core capital senza capitale ibrido (core Tier 1 capital) 19.1bn 19.9bn Core capital (Tier 1 capital) 19.5bn 20.6bn Attività ponderate in base al rischio (compresi gli equivalenti per rischio di mercato e rischio operativo) 109.8bn 127.4bn Core capital ratio senza il capitale ibrido (core Tier 1 ratio) 3) 17.4% 15.6% Core capital ratio (Tier 1 ratio) 3) 17.8% 16.2% * I dati di cui alla presente tabella sono certificati e presi dalla Relazione Annuale ('Annual Report') dell'emittente al 31 dicembre ) rendimento del capitale proprio calcolato sulla base del patrimonio netto medio in base agli IFRS. 2) rapporto fra attività totale e patrimonio netto in base agli IFRS. 3) calcolato sulla base delle attività ponderate in base al rischio (RWA), compresi gli equivalenti per rischio di mercato e per rischio operativo. 24

25 Principali indicatori finanziari consolidati al 30 giugno 2013* Principali indicatori economici 1/1 30/06/2013 1/1 30/06/2012 Margine operativo netto 1,121m 1,411m Rapporto costi/ricavi (in base al ricavo operativo) 59.4% 51.5% Utile prima delle imposte 1,222m 1,557m Utile consolidato 818m 912m Return on equity prima delle imposte 1) 11.8% 13.9% Return on equity dopo le imposte 1) 8.1% 8.3% Utile per azione Dati dello stato patrimoniale 30/06/ /12/2012 Attività totale 319.5bn 348.3bn Patrimonio netto 21.6bn 23.3bn Rapporto di indebitamento 2) 14.8x 15.0x Principali rapporti di capitale conformi a Basilea II 30/06/ /12/2012 Core capital senza capitale ibrido (core Capitale Tier 1) 19.1bn 19.1bn Core capital (Capitale Tier 1) 19.2bn 19.5bn Attività ponderate in base al rischio (compresi gli equivalenti per rischio di mercato e rischio operativi) 100.0bn 109.8bn Core capital ratio senza il capitale ibrido (core Tier 1 ratio) 3) 19.1% 17.4% Core capital ratio (Tier 1 ratio) 3) 19.2% 17.8% * I dati di cui alla presente tabella, non certificati, sono presi dalla Relazione Finanziaria Semestrale ('Half-yearly Financial Report') dell'emittente al 30 giugno ) Return on equity calcolato sulla base del patrimonio netto medio in base agli IFRS. 2) rapporto fra attività totale e patrimonio netto in base agli IFRS. 3) calcolato sulla base delle attività ponderate in base al rischio (RWA), compresi gli equivalenti per rischio di mercato e per rischio operativo. Dichiarazione relativa alla mancanza di cambiamenti negativi sostanziali delle prospettive dell'emittente dalla data di pubblicazione dell'ultimo bilancio sottoposto a revisione pubblicato o descrizione degli eventuali cambiamenti negativi sostanziali Descrizione di cambiamenti significativi della sistuazione Non vi è stato alcun cambiamento negativo sostanziale delle prospettive del Gruppo HVB successivamente al 31 dicembre Non si è verificato alcun fatto recente relativo al Gruppo HVB che sia sostanzialmente rilevante per la valutazione della sua solvibilità successivamente al 30 giugno

26 finanziaria o commerciale successiva al periodo cui si riferiscono le informazioni finanziarie relative agli esercizi passati B.13 Sviluppi recenti Non applicabile. Non si è verificato alcun recente evento riguardante UniCredit Bank sostanzialmente rilevante per la valutazione della sua solvibilità. B.14 Dipendenza dell'emittente da altri soggetti all'interno del Gruppo B.15 Descrizione delle principali attività dell'emittente UniCredit S.p.A. detiene direttamente il 100% del capitale sociale di UniCredit Bank. UniCredit Bank offre una svariata rosa di prodotti bancari e finanziari e servizi a clienti nel settore privato, commerciale (corporate) e pubblico e a società internazionali. La propria gamma si estende, tra l'altro, a mutui ipotecari, a mutui a clienti privati e servizi bancari per clienti privati, mutui e negoziazione finanziaria per clienti corporate tramite fondi per tutte le classi di beni, servizi di consulenza e intermediazione, operazioni su titoli, gestione del rischio di liquidità e finanziario, servizi di consulenza per clienti benestanti e prodotti di bancari d'investimento per clienti corporate. B.16 Società controllanti UniCredit S.p.A. detiene direttamente il 100% del capitale sociale di UniCredit Bank. C. STRUMENTI FINANZIARI C.1 Descrizio ne del tipo e della classe degli Strument i Finanziar i C.2 Valuta di emission e degli Strument i Finanziar i C.5 Eventuali restrizioni alla libera trasferibil ità degli strumenti finanziari C.8 Descrizio ne dei diritti connessi agli strumenti finanziari compre- Strumenti Finanziari Express con Importo Aggiuntivo (Express Securities with Additional Amount) Per ciascuna Tranche gli Strumenti Finanziari saranno emessi come Certificati con Valore Nominale. "Certificati" sono titoli al portatore (Inhaberschuldverschreibungen) ai sensi del 793 del Codice Civile tedesco (Bürgerliches Gesetzbuch, BGB). "Valore Nominale" si intende EUR 100. Gli Strumenti Finanziari sono rappresentati da un certificato globale permanente senza cedola. I portatori dei Strumenti Finanziari (i "Titolari") non sono autorizzati a ricevere Strumenti Finanziari in forma effettiva. Serie Tranche ISIN WKN IT983 1 DE000HV8AKZ4 HV8AKZ Gli Strumenti Finanziari saranno emessi in Euro ("EUR") (la "Valuta di Emissione"). Non sono previste restrizioni alla libera trasferibilità degli Strumenti Finanziari. Diritto applicabile agli Strumenti Finanziari Gli Strumenti Finanziari, per forma e contenuto e tutti i diritti ed obblighi dell'emittente e dei Titolari, sono regolati dalla legge della Repubblica Federale tedesca. Diritti collegati agli Strumenti Finanziari Gli Strumenti Finanziari hanno una scadenza fissa. Gli Strumenti Finanziari non pagano interessi. Nel caso di un Evento di Pagamento dell'importo Aggiuntivo (come definito sub C.15) ciascun Titolare ha diritto al 26

27 so il "ranking" e le restrizion i a tali diritti C.11 Ammissi one alla negoziaz ione pagamento del rispettivo Importo Aggiuntivo (k) (come definito sub C.15) alla relativa Data di Pagamento dell Importo Aggiuntivo (k) (come definito sub C.16) I Titolari hanno dirtitto al pagamento dell'importo di Liquidazione Anticipato (come definito sub C. 15) ad una Data di Liquidazione Anticipata (k) (come definito sub C.16) o al pagamento dell Importo di Liquidazione (come definito sub C.15) alla Data di Liquidazione (come definita sub C.16) tramite esercizio automatico alla Data di Esercizio (come definita sub C.16). Limiti dei diritti L'Emittente potrà disdire anticipatamente gli Strumenti Finanziari ovvero modificare il Regolamento degli Strumenti stessi. Status degli Strumenti Finanziari Gli obblighi derivanti dagli Strumenti Finanziari costituiscono obbligazioni incondizionate e non subordinate dell'emittente e sono parimenti ordinate con le altre obbligazioni incondizionate e non subordinate. Sarà presentata istanza per l'ammissione a quotazione degli Strumenti Finanziari, con effetto dal 14 novembre 2013, presso i seguenti mercati regolamentati o mercati equivalenti: Euro TLX, il Sistema Multilaterale di Negoziazione, gestito da EuroTLX SIM S.p.A. una società in cui UniCredit S.p.A.,.la Holding di UniCredit Bank AG, l Emittente, detiene una partecipazione. C.15 Effetto del sottostante sul valore dei titoli Gli Strumenti Finanziari Express con Importo Aggiuntivo sono Strumenti finanziari in cui il rimborso alla Data di Liquidazione è legato al Prezzo di Riferimento. Inoltre, gli Strumenti Finanziari Express con Importo Aggiuntivo prevedono il pagamento di un Importo Aggiuntivo ad ogni Data di Pagamento dell Importo Aggiuntivo (k), se si è verificato l Evento di Pagamento dell Importo Aggiuntivo. Se, peraltro, si è verificato l Evento di Rimborso Anticipato, gli Strumenti Finanziari Express con Importo Aggiuntivo vengono, a certe condizioni, rimborsate automaticamente in anticipo al rispettivo Importo di Liquidazione Anticipato alla Data di Liquidazione Anticipata (k) immediatamente successiva. Se si è verificato l Evento di Pagamento dell Importo Aggiuntivo ad una Data di Osservazione (k), il rispettivo Importo Aggiuntivo viene pagato alla relativa Data di Pagamento dell Importo Aggiuntivo (k) al netto di tutti gli Ammontari Addizionali pagati nelle precedenti Date di Pagamento (k). Se non si è verificato alcun Evento di Pagamento dell Importo Aggiuntivo a quella data, non viene pagato alcun Importo Aggiuntivo (k) alla rispettiva Data di Pagamento dell' Importo Aggiuntivo (k). Se si è verificato un Evento di Rimborso Anticipato gli Strumenti Finanziari vengono rimborsati automaticamente in anticipo alla Data di Liquidazione Anticipata (k) immediatamente successiva con il pagamento del rispettivo Importo di Liquidazione Anticipato. Diversamente, il rimborso avviene alla Data di Liquidazione tramite il pagamento dell importo di liquidazione (l "Importo di Liquidazione"), calcolato come segue: -Se non si è verificato alcun Evento Barriera, l Importo di Liquidazione corrisponde al Valore Nominale. - Se si è verificato un Evento Barriera, l'importo di Liquidazione si determina secondo la seguente formula: Importo di Liquidazione = Valore Nominale x R (Finale) / R (Iniziale) [(R (Finale) e R (Iniziale) come definito sub c.19)] L Importo di Liquidazione non potrà, comunque, in questo caso essere maggiore delvalore Nominale. ISIN Livello Barriera DE000HV8AKZ4 70% k Fattore di Rimborso Anticipato (k) Importo di Liquidazione Anticipato 1 100% EUR % EUR 100 k Fattore di Pagamento dell Importo Aggiuntivo (k) Importo Aggiuntivo (k) 1 70% EUR % EUR 14 meno la cedola già pagata 3 70% EUR 21 meno le cedole già pagate "Barriera" significa Livello Barriera x R (Iniziale). "Evento Barriera" significa che il Prezzo di Riferimento ad ogni Data di Osservazione della Barriera è inferiore alla Barriera. 27

28 "Evento di Pagamento dell Importo Aggiuntivo" significa che il Prezzo di Riferimento è pari o maggiore del Livello di Pagamento dell Importo Aggiuntivo (k) alla Data di Osservazione(k). "Livello di Pagamento dell Importo Aggiuntivo (k)" significa il Fattore di Pagamento dell Importo Aggiuntivo (k) x R (Iniziale). "Evento di Rimborso Anticipato" significa che il Prezzo di Riferimento è uguale o maggiore del Livello di Rimborso Anticipato (k) alla Data di Osservazione(k). "Livello di Rimborso Anticipato (k)" significa il Fattore di Rimborso Anticipato (k) x R (Iniziale). C.16 La data di scadenz a degli strumenti derivati la data di esercizio o la data di riferimen to finale "Data di Esercizio" significa la Data di Osservazione Finale ISIN Date di Osservazione Iniziale DE000HV8AKZ4 1) 7 novembre ) 8 novembre 2013 Data di Osservazione della Data diosservazione Finale Data di Liquidazione Barriera 10 novembre novembre novembre 2016 k Data di Osservazione (k) Data di Liquidazione Anticipata (k) Data di Pagamento dell'importo Aggiuntivo (k) 1 12 novembre novembre novembre novembre novembre novembre novembre novembre novembre 2016 C.17 Modalità di regolamento degli strumenti derivati C.18 Descrizio ne delle modalità secondo le quali si generan o i proventi degli strumenti derivati C.19 Prezzo di esercizio o prezzo di riferimento definitivo del sottostante C.20 Descrizio ne del tipo di sottostan te e di dove siano reperibili le informazioni relative al sotto- Ogni pagamento dovrà essere fatto a UniCredit Bank AG (l "Agente di Pagamento Principale"). L'Agente Principale di Pagamento dovrà corrispondere gli importi maturati presso il Sistema di Compensazione da accreditarsi sui rispettivi conti delle banche depositarie per trasferimento sui conti dei Titolari. Il pagamento al Sistema di Compensazione manleva l'emittente dai propri obblighi derivanti dai Titoli in relazione all'importo di tale pagamento. "Sistema di Compensazione" significa Clearstream Banking AG, Frankfurt am Main. Pagamento dell Importo di Liquidazione alla Data di Liquidazione entro 5 Giorni Lavorativi Bancari dalla Data di Liquidazione tramite esercizio automatico. Pagamento dell Importo Aggiuntivo ad ogni Data di Pagamento dell Importo Aggiuntivo. Pagamento del relativo Importo di Liquidazione Anticipato alla rispettiva Data di Liquidazione Anticipata (k). "R (Iniziale)" significa la media ponderata del Prezzo di Riferimento specificato alle Date Iniziali di Osservazione "R (Finale)" significa il Prezzo di Riferimento specificato alla Data Finale di Osservazione ISIN DE000HV8AKZ4 Prezzo di Riferimento Prezzo di Riferimento "Sottostante" significa una partecipazione come meglio descritta dai seguenti parametri: ISIN Sottostante Valuta del Sottostante DE000HV8AKZ4 ENI S.p.A. (IT ). Borsa di Riferimento Sito Internet EUR Borsa Italiana S.p.A. Per ulteriori informazioni circa l'andamento passato e futuro del Sottostante e la sua volatilità, riferirsi al sito come specificato alla tabella di cui sopra (o ad ogni sito internet successivo). 28

29 stante D. RISCHI D.2 Informazioni fondamentali sui principali rischi che sono specifici e individuali per l'emittente Rischio Emittente Il rischio Emittente è collegato alla possibilità che l'emittente in relazione alla propria attività e profittabilità non sia in grado di pagare l'importo di liquidazione a causa di un deterioramento di elementi patrimoniali Rischio di Credito (i) Rischio connesso ad un rallentamento economico e volatilità dei mercati finanziari; (ii) valutazioni paggiorative di elementi patrimoniali risultanti da condizioni di mercato sfavorevoli possono influire negativamente sui profitti futuri del Gruppo HVB; (iii) le condizioni economiche dei mercati geografici nei quali opera il Gruppo hanno avuto e continuano ad avere un impatto negativo sui risultati delle condizioni operative, commerciali e finanziarie del Gruppo; (iv) attività bancarie non tradizionali espongono il Gruppo HVB ad ulteriori rischi di credito; (v) il reddito del Gruppo HVB può essere soggetto a volatilità in relazione ad attività di negoziazione nonché interessi e tassi di cambio fluttuanti; (vi) modifiche al quadro regolamentare in Germania ed in Europa potrebbero influire negativamente sull'attività del Gruppo; (vii) perdite derivanti da crediti potrebbero superare i livelli previsti; (viii) i rischi collegati a implementazioni di mercato; (ix) rischi sistemici potrebbero influire negativamente sull'attività del Gruppo. D.6 Informazioni fondamentali sui principali rischi che sono specifici per gli strumenti finanziari Rischio di Mercato Difficili situazioni di mercato possono contribuire alla volatilità del reddito del Gruppo HVB Rischio Liquidità (i) Rischi di liquidità potrebbero influire negativamente sulla possibilità del Gruppo di adempiere ai propri obblighi finanziari a scadenza; (ii) le condizioni dei risultati operativi, commerciali e finanziari del Gruppo HVB sono stati e continuano ad essere influenzati negativamente da condizioni macroeconomiche e di mercato; (iii) la crisi del debito sovrano ha influenzato negativamente e potrebbe continuare ad influenzare negativamente le condizioni dei risultati operativi, commerciali e finanziari del Gruppo (iv) il Gruppo HVB ha una notevole esposizione verso i paesi più deboli dell'eurozona;(v) turbative sui mercati finanziari possono potenzialmente influire sulla situazione di liquidità del Gruppo HVB. Rischio Operativo (i) le strategie e le tecniche di gestione del rischio del Gruppo HVB possono esporre il Gruppo HVB a rischi non identificati o inattesi; (ii) rischi informatici; (iii) rischi in relazione ad attività di esternalizzazione (outsourcing); (iv) rischi derivanti da attività di negoziazione fraudolenta; (v) rischi collegati a contenziosi; (vi) il Gruppo HVB è coinvolto in contenziosi fiscali. Rischio Strategico (i) Rischio generale economico e rischi derivanti da modifiche esterne di mercato; (ii) rischi derivanti da orientamenti strategici del modello aziendale del Gruppo HVB; (iii) rischi derivanti dal consolidamento del mercato bancario; (iv) rischi di competizione; (v) incertezze relative a sviluppi macroeconomici e rischi relativi a disposizioni regolamentari stringenti; (vi) l'introduzione di Basilea III può influire materialmente sulle risorse di capitale e sui requisiti del Gruppo HVB; (vii) implicazioni fiscali nuove imposte al fine di far contribuire le banche ai costi della crisi finanziaria; (viii) rischi relativi ai rating del Gruppo HVB; (ix) il quadro regolamentare potrebbe cambiare per il Gruppo HVB; l'inosservanza di requisiti regolamentari può portare a provvedimenti coercitivi. Ulteriori Rischi (i) rischio commerciale; (ii) rischi derivanti dal portafoglio immobiliare del Gruppo HVB; (iii) rischi derivanti da partecipazioni azionarie o investimenti finanziari del Gruppo HVB. Potenziali Conflitti di Interesse Il conflitto di interessi è collegato al fatto che certe funzioni dell'emittente, collocatori o agenti od eventi rispetto ai quali i Titoli sottostanti possano influire negativamente sugli interessi dei Titolari. Rischi Relativi al Mercato (i) Rischio che non esista alcun mercato attivo di negoziazione dei Titoli; (ii) rischi relativi al volume d'offerta; (iii) rischio relativo al valore di mercato dei Titoli; (iv) rischio relativo all'aumento dello spread tra prezzi lettera e prezzi danaro (v) rischio di valuta rispetto ai Titoli; (vi) rischio relativo d operazione di copertura. Rischi Collegati ai Titoli in Generale (i) Rischio di credito dell'emittente; (ii) possibili limitazioni alla legalità dell'acquisto; (iii) rischi derivanti da turbativa del mercato finanziario, legge tedesca sulla ristrutturazione e altri interventi governativi o regolamentari; (iv) rischio dovuto alla mancanza di una propria opinione e parere indipendenti 29

30 dell'investitore; (v) rischi derivanti dal finanziamento dell'acquisto dei Titoli; (vi) rischi derivanti da costi di transazione; (vii) rischio d'inflazione; (viii) rischi derivanti da operazioni per ridurre i rischi; (ix) rischi collegati alla tassazione. Rischi Relativi a Titoli Collegati a Sottostanti (i) Rischi derivanti dall'influenza del Sottostante sul valore di mercato dei Titoli; (ii) rischi derivanti dal fatto che la valutazione del Sottostante avvenga solo ad una specifica data e tempo; (iii) Rischio derivante dall applicazione di soglie o limiti; (iv) rischi derivanti dall impatto di Eventi Barriera; (v) rischi legati al Multiplo; (vi) rischi di restrizione dei proventi derivanti dall Importo di Liquidazione Massimo; (vii) rischi connessi alle strutture express; (viii) rischi collegati al differimento della valutazione o rettifiche del Sottostante; (ix) rischi associati algli Strumenti Finanziari in cui l Importo Aggiuntivo è correlato ad un Sottostante; (x) rischio valuta rispetto al Sottostante; (xi) rischi relativi alle rettifiche; (xii) rischi di turbative di mercato; (xiii) rischi per gli investitori legati alla regolamentazione dei Titoli collegati ad un Sottostante; (xiv) rischi derivanti dall effetto negativo di strumenti di protezione da parte dell Emittente del Titolo; (xv) rischi derivanti dal diritto di disdetta straordinario da parte dell Emittente; (xvi) rischi derivanti dalla liquidazione con consegna fisica. Rischi relativi a Sottostanti - Rischi Generali (i) Rischi derivanti dalla volatilità del Sottostante e rischio dovuto alla sua breve durata; (ii) nessun diritto di proprietà in relazione al Sottostante; (iii) rischi associati a Sottostanti di giurisdizioni di mercati emergenti. Rischi Relativi ad Azioni come Sottostante (i) Rischi analoghi a quelli connessi ad investimenti azionari diretti; (ii) Investitori privi dei diritti degli azionisti; (iii) nessuna registrazione nel libro soci nel caso di consegna materiale di azioni nominative; (iv) rischi legati ad ADRs/RDRs. I Titoli non hanno protezione di capitale. Gli investitori possono perdere in toto il proprio investimento o parte di tale investimento. E. OFFERTA E.2b Ragioni dell'offerta e impiego dei proventi, se diversi dalla ricerca del profitto e/o dalla copertura di determinati rischi E.3 Descrizione dei termini e delle condizioni dell'offerta E.4 Descrizione di e- ventuali interessi che sono significativi per l'emissione/l'offerta compresi interessi confliggenti E.7 Spese stimate addebitate all'investitore dall'emittente I proventi netti derivanti da ciascuna emissione di Titoli saranno usati dall'emittente per le proprie attività commerciali generali. Giorno della prima offerta al pubblico: 3 ottobre Un'offerta al pubblico sarà fatta in Italia. Il lotto minimo trasferibile è 5 Titoli. Il lotto minimo negoziabile è 1 Titoli. I Titoli saranno offerti a investitori retail tramite offerte al pubblico. A far data dal giorno della prima offerta al pubblico i Titoli descritti nelle Condizioni Definitive saranno offerti su base continua sino al loro ammontare massimo. L'ammontare dei Titoli offerti potrà essere ridotto o aumentato dall'emittente in ogni tempo e non permette conclusioni sul volume dei Titoli attualmente emessi e pertanto sulla liquidità di un potenziale mercato secondario. L'offerta continua sarà fatta sulla base di prezzi lettera correnti forniti dall'emittente. L'offerta al pubblico potrà essere terminata dall'emittente in ogni tempo senza fornire alcun motivo. I Titoli sono offerti inizialmente nel corso di un Periodo di Sottoscrizione, e da lì in poi offerti in modo continuativo. Periodo di sottoscrizione: dal 3 ottobre 2013 al 24 otobre 2013 (ore ora italiana). L'Emittente si riserva il diritto di estendere o ridurre il Periodo di Sottoscrizione o cancellare l'emissione durante il Periodo di Sottoscrizione. Ciascun collocatore e/o affiliata può essere cliente di o mutuatario dell'emittente o di sue affiliate. Peraltro, tali collocatori e proprie affiliate possono aver concluso e nel futuro concludere operazioni nel settore dell'investment banking e/o del settore commerciale e potranno prestare servizi per l'emittente e per le sue affiliate nel corso dell'usuale esercizio dell'attività. Il Prezzo di Emissione include una commissione di distribuzione per l intermediario pari all 1,5% del Prezzo di Emissione. Tale commissione è pagata dall Emittente per i servizi di collocamento ed è inclusa nel Prezzo di 30

31 o dall'offerente. Emissione e conseguentemente interamente pagata dall investitore. Dato il Prezzo di Emissione di Euro 100 e il valore della componente derivativa determinata alla data del 11 settembre 2013, tale Prezzo di Emissione può essere così scomposto Componente Derivativa Commissione di Collocamento Prezzo di Emissione (A) (B) (C=A+B) EUR 98.5 EUR 1.5 EUR 100 Allegato 1 DESCRIZIONE DEL SOTTOSTANTE ENI S.p.A. esplora e produce idrocarburi in Italia, Africa, Mare del Nord, Golfo del Messico, Kazakistan e Australia. Produce gas naturale e lo importa tramite gasdotti in Italia ed Europa. ENI trasporta gas naturale in gasdotti. La società genera e commercializza elettricità, raffina petrolio e opera nelle stazioni di servizio e benzina (Fonte: Bloomberg). L emittente dell azione è soggetto ad obblighi di comunicazione sia per quanto riguarda le competenti autorità locali che per quanto riguarda gli investitori. Andamento storico:nel grafico di seguito è riportato l andamento storico dell azione ENI, nel periodo dal al , dell azione ENI (fonte: Bloomberg). 31

32 I dati storici relativi all'andamento del Sottostante non sono indicativi delle sue performance future. 32