August 2006

UniCredit Group in Central and Eastern Europe

2

UniCredit is a Truly European Bank …

Thinking globally and operating on multi-local basis

Creating sustainable long-term value

Exploiting complementary nature of Group's best practices

Developing the best of local cultures and brands already recognized and established

Note: 2005 data1 Consolidated 2005 pro forma for UniCredit Group including HVB Group stand alone 12 months results, integration effects and other one-off costs2 Ranking as at July 2006 - Source: The Banker

Banking operations in 20 core countries

28 million customers Over 7,000 branches 134,000 employees Net profit: € 3.4 bn1

Total assets: € 782 bn Deposits and debt

certificates: € 462 bn Loans: € 427 bn Global player in asset

management: approx. € 272 bn AuM with coverage in 20 countries in 5 continents

6th European company in terms of capitalization2

3

Amsterdam

HVB

UniCredit

BA-CA

Athens

Bern

Brussels

Dublin

Oslo

Geneva

London

Luxembourg

Madrid

Monaco

Oslo

Paris

San Marino

Skopje

Zurich

Bank Pekao

Bank BPH

… with an extensive geographical presence in Europe …European branch network and banking subsidiaries:

International Moscow Bank

KoçbankYapi Kredi

HVB Bank UkraineUniCredit Bank

HVB Bank RomaniaUniCredit Romania

Banca Tiriac

HVB Bank Czech RepublicŽivnostenská Banka

HVB Bank Hungary

BA-CA Ljubljana

HVB Bank SlovakiaUniBanka

HVB Bank Vilnius BranchHVB Bank LatviaHVB Bank Tallinn Branch

HVB Central Profit BankaUniCredit Zagrebačka bankaNova Banjalučka Banka

Zagrebačka banka

HVB Bank Serbia

BulbankHVB Bank BiochimHebros Bank

Koçbank Azerbaijan

4

Countries where the Group operates via its own branches, representative offices, small banking subsidiaries, or investment centers (Pioneer)

Countries where the Group operates via local banks controlled or in which it has a significant equity interest

... and worldwide

Mumbai

New York

Rio de Janeiro

São Paulo

Seoul

Singapore

Shanghai

Sydney

Teheran

Tel Aviv

Tokyo

Abu Dhabi

Bahrain

Beijing

Boston

Buenos Aires

Cairo

Guangzhou

Hanoi

Hong Kong

Johannesburg

Mexico City

Miami

5

The leading Bank in CEE & Austria

• The UniCredit Group is the leading bank in Central and Eastern Europe:

– with a presence throughout the region and 17 million customers

– and about 3,000 outlets in CEE

– Presence in the region since over 30 years

– Bank Austria Creditanstalt (BA-CA) is the CEE Division of the UniCredit Group, and manages the business in this region (excluding Poland’s Markets).

• BA-CA, a member of UniCredit Group, is the market leader in the Austrian banking sector:

– About 1.8 million customers in Austria

– About 18% market share in Austria, in know-how-intensive business up to 80%

– Most extensive network of around 400 banking branches in Austria

6

UniCredit Group has a particularly strong competitive advantage in CEE. Its size – in terms of revenues, total assets and active branches – is more than double that of the second player

4,379(1)

22,1

42.3

48.7

86.2(1)

30.1

2,956

2,406

1,561

2,026

1,551

1,212 19.1

1,027

2,633

1,286

1,237

1,000

Revenues (Euro mn) Total Assets (Euro bn) Branches (no.)

1,928

42.7 1,668)

UniCredit Group - the undisputed leader in CEE ...

Central & Eastern Europe – Top Financial Groups

OTP = OTP Bank - Budapest RZB = Raiffeisen Zentralbank Österreich AG - ViennaSocGen = Banque Société Générale – Paris

ERSTE = Erste Bank, Vienna Intesa = Intesa Group – Milan KBC = Brussels1 CEE banks at 100% except Turkey: KFS-Yapi at 50%

7

… with the by far most extensive CEE banking network

CEE Region1

€100 bn total assets

3,000 offices

64,700 employees

17mn customers

€8.9 Mrd135

€1.5 Mrd155

€529 Mio42

€27.6 Mrd642

€74Mio1

€31.1 Mrd1.290

PolandNr. 1

MacedoniaRep.Office

EstoniaNr. 6

€358 Mio1

€4.7 Mrd35

€291 Mio5

€3.4 Mrd326

LatviaNr. 10

RussiaNr. 8

UkraineNr. 13

BulgariaNr. 1

SerbiaNr. 5

€3.3 Mrd138

RomaniaNr. 3

€385 Mio2

LithuaniaNr. 8

CroatiaNr. 1

€3.4 Mrd93

Slovakia

Nr. 5

€1.9 Mrd13

€4.1 Mrd54

HungaryNr. 7

€8.4 Mrd77

Czech Rep.Nr. 4

BosniaNr. 1

SloveníaNr. 5

TurkeyNr. 5

€50 Mio

AzerbaijanNr. 9

Ranking, total assets and number of offices of UniCredit Group as of 31 December 2005

1 all countries as 100%

8

Key figures of the UniCredit Group (as of 30 June 2006)

30/06/2006 31/12/2005 Change in %

Change in %

Total assets

Loans to customers

Shareholders' equity

Tier 1 ratio

Staff number (FTE)

Outlets

Operating profit (€ m)

Consolidated net income (€ m)

Return on equity after taxes

Cost / income ratio

in € bn

+2.1%

+0.8%

-1.2%

+0.4%

+0.05%

+2.1%

+32.9%

+48.3%

803.8

430.1

34.8

5.9%

134,870

7,336

5,410

3,043

17.3%

54.7%

787.0

426.6

35.2

5.5%

134,799

7,184

4,072

2,052

11.9%

60.5%* Pro forma

30/06/2006 30/06/2005*

9

Key figures of Bank Austria Creditanstalt (as of 30 June 2006)

Total assets

Loans to customers

Shareholders' equity

Tier 1 ratio

Staff number (FTE)

Outlets

Operating profit (€ m)

Consolidated net income (€ m)

Return on equity after taxes

Cost / income ratio

in € bn 30/06/2006 31/12/2005 Change in %

30/06/2006 Change in %

+1.1%

+2.9%

+10.3%

-0.4%

+3.9%

+6.5%

+49.1%

+190.3%

160.6

88.9

7.6

7.9%

33,068

1,679

854

1,3161

37.1%2

57.0%

158.9

86.4

6.9

8.3%

31,792

1,570

573

453

13.7%

61.9%

30/06/2005

1Adjusted for the effect from the sale of HVB Splitska banka the figure is EUR 632 million, 39 per cent higher than for the same period of the previous year 2Adjusted of the capital gain on the sale of HVB Splitska banka, the return on equity after taxes and minority interests is 18.3 per cent.

10

Awards CEE & Austria

Best FX-Housein Austria

2001-2004, 2006

Best Bank in CEE2003, 2006

Bank of the Year in Bulgaria

2003

Best Trade Finance Bank in CEE2002, 2003

Bank of the Yearin Slovakia2003-2004

Best FX-Bankin CEE

2000-2006

Best Trade FinanceBank in Austria

2002-2004

Bank of the Year in Austria2000, 2002

Best Bankin Austria2001-2003

Best ProjectFinance in CEE

2005

Best Loan Housein CEE2005

Best Debt Housein Romania

2005

Best Equity Housein Hungary

2005

Best Bank in Austria1992-2004

Bank of the Year in Poland

2005

Best Bank in Poland

2003, 2005-2006

Best Debt House in Croatia

2006

Best Investment Bank in Slovakia

2006

Bank of the Year in CEE

2000, 2002-2004

Best Custodianin CEE

2002-2004, 2006

Best Agent Bank in Croatia

2005

Best Agent Bank in Slovakia

2005

Best Agent Bank in Slovenia

2005

Best Agent Bank in Russia

2005

Best Bank in CEE

2000-2004

Best Bankin Bulgaria2005, 2006

Best Agent Bank in CEE2005

Best Agent Bankin Bulgaria

2005

Best Agent Bank in Romania

2005

Best Agent Bankin Ukraine

2005

Products & Services(of BA-CA subsidaries in CEE)

12

You are importer from / exporter to CEE

CEE Network Products

Payment Transfers

Electronic Banking

Cash Pooling

Interest Pooling

Working Capital Management

Buyer‘s Credit

Purchase of Receivables

Commodity Trade Finance

Production Financing

Sales Financing

Guarantees

Documentary Business

Cross-border Leasing

Foreign Exchange Regulations

Payment Modules

Business Practices in CEE

Cash Management Consultancy („single-point-of-contact“)

LIQUIDITY MANAGEMENT FINANCING / SECURING COMPETENT CONSULTING

13

You plan establishing a presence in CEE

Contacts to Lawyers and Auditors

Financial Consulting

Tax and Legal Consulting

Support during the start-up period

Cash Management Consultancy („single-point-of-contact“)

Payment Transfers and Electronic Banking

Short Term Asset Allocation

Working Capital Finance

Project Financing

Investment Financing

Guarantees

EU Promotion Programmes

CONSULTING PACKAGECURRENT ACCOUNT PACKAGE

START-UP FINANCING

14

You maintain a subsidiary in CEE

CEE Network Products

Payment Transfers

Electronic Banking

Cash Pooling

Interest Pooling

Working Capital Management

Hedging Instruments

Asset Allocation

Buyer’s Credit

Purchase of Receivables

Commodity Trade Finance

Project Financing

Investment Financing

Factoring

Leasing

Corporate Finance Products

Institutional Funds

EU Financing

EU Promotion Programmes

Cash Management Consultancy (“single-point-of-contact”)

LIQUIDITY MANAGEMENT TAILOR-MADE FINANCINGASSET MANAGEMENT AND CONSULTING

15

Products and Services - Overview

Cash Management (Payments, E-Banking, Cash Pooling)

Working Capital Finance

Buyer’s Credit

Purchase of Receivables

Commodity Trade Finance

Project Finance

Guarantees

Documentary Business

Investment Finance

Savings Products

Private Financing

Card Services

Electronic Banking

Domestic Payments

International Payments

Fixed Income

Equity

Money Markets

Foreign Exchange

Structured Products

Custody

CORPORATE BANKING RETAIL BANKING INTERNATIONAL MARKETS

Complementary services through subsidiaries, e.g. BA-CA Leasing, CA IB Corporate Finance, Capital Invest

16

Products for Cross Border Cross SellingYour EU-25 PLUS Advantages

PAYMENTSCASH MANAGEMENT

FINANCING CONSULTING

Flash Payment

D+1 value date for cross-

border payments

MultiCash/Europakonto

single-point-of-entry /

contact for liquidity

management

Margin Pooling

interest optimisation

across countries,

currencies and banks.

EU-25 PLUS Credit

faster and easier credit

process for your CEE

subsidiaries

EU-25 PLUS Leasing

centrally and locally

competent consulting for

Equipment/Vehicle and

Real Estate Leasing

Consulting for EU

Subsidies & Grants in

European Competence

Centres

International Financing

Programmes (EIB, EBRD

BA-CA is the No.1-

Partner of EBRD)

17

BA-CA Leasing

Vehicle Leasing

(cars, utility vehicles)

Equipment Leasing

(machinary, computers)

Real estate Leasing

(offices, production plants)

Structured finance packages

Construction management

Real estate product development

Vehicle stock management

Insurance services

Settlement of claims

Purchasing consultancy

Leasing with loans

CORE SERVICES ADDITIONAL SERVICES

Special expertise and business competence: knowledge of legal and economic conditions, competitive experience

18

CA IB Network

Acquisition / divestitures

Business combinations,

mergers

Take-overs

Buyouts

Financial restructuring

Privatisation consulting

IPOs / SPOs

Capital increase

Private placement

Rights issue

Trading

Sales

Research

Block Trades

CORPORATE FINANCEM&A

ECM(Equity Capital Markets)

SECURITIES

Professional Corporate Finance consulting, local expertise, regional contacts, strong position with an unquestioned Sector Know-how.

19

Capital Invest

Investment Funds in all asset

categories

Tailor-made Funds for Institutional

Customers

Pension Funds for Institutional and

Corporate Customers

Institutional Portfolios

Portfolio Management for Individuals

Capital-guaranteed products

Brokerage

Discretionary asset management

CORE PRODUCTSCO-OPERATION WITHASSET MANAGEMENT Co. (AMG)

Special expertise and business competence: knowledge of legal and economic conditions, competitive experience