Your partner for local access and global reach.

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AS THE EUROPEAN NATIVE WITH INTERNATIONAL REACH WE GIVE YOU ACCESS TO BOUNDLESS OPPORTUNITIES UniCredit Corporate & Investment Banking serves corporate and institutional clients, offering a unique access to 17 home markets in Europe. Our local roots have made us a European Native and for many companies the partner of choice for Corporate Banking and Transaction Services as well as Structured Finance, Capital Markets and Investment Products. As a leading corporate lender in Europe, we are there for our clients, helping them to shape the region’s real economy. With our extensive network in Western, Central and Eastern Europe and through our international network of branches and representative offices we are present in over fifty locations around the globe. Thanks to our geographical presence, we offer a unique combination of deep local knowledge and international product and market

expertise. This enables us to identify suitable solutions, structured with local fluency and global reach and tailored to your needs. At a Glance  A European native, offering unique access through 17 home markets in Europe  An international network connecting 21 locations across 4 continents  The European partner of choice for Corporate Banking and Transaction Services as well as Structured Finance, Capital Markets and Investment Products  A leading Corporate Lender in Europe and European Gateway to the world

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CROSS-BORDER COMPETENCE – OUR UNIQUE SELLING PROPOSITION UniCredit has an impressive track record as an awardwinning investment bank. It is especially our cross-border excellence which distinguishes us from our peers. The following transactions illustrate our cross-border

Schnellecke

Undisclosed Advisor to Schnellecke AG on the sale of Waldaschaff Automotive to Lingyun Industrial Ltd. (CN) Germany, Aug 2015

OresaVentures Undisclosed Sole financial advisor to Oresa Ventures on the disposal of PLOH!, the leading vending machines operator in Poland Poland, July 2015

German/Chinese cross-border transaction Germany/China: Schnellecke Group, International M&A deal  The first sale to a Chinese buyer for UniCredit Bank AG, advising a Commercial Banking client on the disposal of its automotive business.  Leveraged our International Network to bring this transaction to a successful closing.

Polish/Italian cross-border transaction Poland/Italy: Italy-based UnionCafe s.r.l. acquires Poland-based PLOH!  Union Café is an Italian company backed by Sogeda, the leading Italian vending machines operator and Gimoka, acquired PLOH!  Pekao IB acted as the sole financial advisor to Oresa Ventures with respect to the exit from investment in PLOH!

competence; these deals were only possible thanks to our unique setup with 17 European home markets and a broad International Network.

Jenoptik/ECE Industriebeteiligung

EUR 71,400,000 Secondary ABB Sole Bookrunner Germany, Mar 2015

Dufry

EUR 3,600,000,000 Acquisition Bridge Facilities, Term Loan Facility Underwriter, Bookrunner & MLA Switzerland, Mar 2015

Cross-border secondary ABB Germany/Austria: Jenoptik/Humer Foundation, Cross-border secondary ABB  Sole Bookrunner on the backstopped share placing of an Austrian foundation’s stake in Jenoptik.  The deal priced after 2 hours close to 5 years’ high with a strong quality allocation skewed to UK and Swiss investors.

Supporting Dufry to become the World's leading travel retailer Switzerland/Italy: Dufry International CSF Underwriting  Underwriter and Bookrunner for the EUR 3.6 bn acquisition financing for Dufry to acquire World Duty Free to become the World's leading travel retailer.

OUR CLIENTS’ VIEWS

“ Alessandro Nesti Financial Activities Corporate Director Menarini Group

We received considerable support from UniCredit, which has a local language, expert presence in each of the relevant countries in CEE as well as Italy. UniCredit offered support to each local entity and was instrumental in helping to overcome complexity and diversity in each country achieving a harmonised approach to payments and collections as well as ensuring a smooth transition.

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“ Dr. Paolo Billi Group CFO SACMI IMOLA S.C.

We produce plants for Ceramic, Beverage, Plastic and Food Industry with a total revenues of 1.2 billion Euro across more than 120 countries in the world. Exporting our products for more than 40 years, particularly in the Middle and Far East Region, we have had the chance to work with several Financial Institutions. Among them Unicredit is offering one of the highest levels of skilled services in Trade Finance with competitive pricing. They are also one of our preferred stakeholder sharing with us successes and troubles. Unicredit is a reliable partner helping us to grow and maintain our leadership worldwide.

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Herbert Hertnagel Director Corporate Finance, IT, M&A Financial Risk Management (FFR) ZF Friedrichshafen AG

Oliver Vogt Managing Director Marc O’Polo Hong Kong Ltd.

After a detailed discussion with the UniCredit team, we were convinced that we were dealing with a market leader in the BPO field – endowed with the expertise and commitment to guide us through our first foray into this new method. From here, it was an easy decision to appoint UniCredit as our partner bank for this transaction, and we set about the process straight away. We were highly impressed, by the speed with which UniCredit was able to establish an effective working relationship with this new counter-party. We were also able to experience UniCredit’s collaborative skills firsthand. Its team was instrumental in educating the relevant areas of our company about the impact of BPOs – both on the firm and on their particular roles. What’s more, UniCredit’s support was extremely appreciated helping us integrate BPO processes into our existing workflow. Perhaps most impressive, however, from a clientexperience point of view was the help UniCredit gave us with our client, who was interested in using the BPO transaction in order to help them cover their costs during their long production cycle. So the summary of our experience in this respect is, that there is currently only one place to go: UniCredit.

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Since we opened our account with UniCredit, we are experiencing a high service level – always receiving timely feedback on our enquiries. In addition, the bank’s e-banking product is of valuable assistance in getting our day-to-day banking business done efficiently.

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YOUR ACCESS TO CORPORATE BANKING AND TRANSACTION SERVICES Through a unique combination of deep local market knowledge, award winning product expertise and global reach, UniCredit offers Corporate Banking and Transaction Services ranging from plain-vanilla loans to trade finance and international cash management, meeting also the digital needs of our clients. Corporate Loans As one of the largest lenders in Europe, UniCredit is committed to building stable, strategic partnerships. Together with our clients, we develop the optimum financing strategy which can range from a classical bank loan to revolving credit facilities, term loans, mortgage backed financings, guarantee loans or promotional loans by government sponsored entities. Transaction Banking In Transaction Banking we offer native advantage throughout Europe. As a European gateway to the world and with a network of 4,000 correspondent banks UniCredit covers 175 countries across the globe. We service our clients with traditional products and innovative solutions such as BPOs and latest XML technology. Cash Management UniCredit’s success is based on innovative payment and collection methods, such as virtual accounts and virtual IBAN using latest trends offering ROBO, POBO and COBO payment schemes and any kind of camt reporting plus status information via pain.002. Combined with multi-channel access via SWIFT, H2H and eBanking relying on highly secured encryption such as 3S key as well as convenient mobile banking access via tablets and smart phone. Aranykor Voluntary Pension Fund

Pirelli Group

NTK

Vinci Finance International

Premium Collect

Global Payments Factory

Payments Payment Processor

Multicountry Cross Border Cash Pooling

Bulgaria, July 2014

Austria, Mar 2014

Hungary, Dec 2014

Italy, Dec 2014

Trade Finance, Supply Chain Finance Our strong global network, online trade finance capabilities and market knowledge as well as our product expertise, e.g. in BPO (Bank Payment Obligation), are decisive factors for the worldwide top ranking of UniCredit

in various polls. In recent years, UniCredit has consistently been top rated in several categories across Western, Central and Eastern Europe. Our solid focus on cutting-edge business solutions which will accompany the entire global supply chain, from the first bid until the final payment of receivables, offer corporates the opportunity of shortening the “order-tocash-cycle” and making sure that payments are settled safely and punctually. This is often the answer to the digital needs of many clients. M&G Polimeri Italia SpA BP Aromatics NV

Volzhsky Pipe Plant

Friendship Hospital Vientiane

SKY

EUR 2,710,864.40 First Cross-Border BPO Deal in CIB Monthly Revolving Italy and Germany, July 2015

Issuing bank Russia, July 2015

EUR 42,880,000 EGAP-covered Buyer’s Credit Facility Agent & EGAP-Agent Lao PDR, July 2015

mydays GmbH

Carl Zeiss Group

PhosAgro-Cherepovets

AEGON N.V.

UC Virtual Accounts

EuropeanGate Hungary

USD 34,576,230 2 Import L/Cs

Germany, June 2015

Germany, June 2015

Issuing bank Russia, Feb/June 2015

USD 2,600,000,000 Syndicated Letter of Credit Facility Bookrunner & MLA Netherlands, May 2015

USD 14,370,720 Import L/C

EUR 245,500,000 Performance Guarantee Issuing bank UK, June 2015

Best-in-class Cash Management Services  Best Bank for Cash Management in CEE in 2015 for the sixth consecutive year (Global Finance)  Best Bank for Liquidity Management in CEE in 2015 (Global Finance)  Best Treasury and Cash Management Provider in Italy in 2015 (Global Finance) Trade Finance Powerhouse; Leading Export Finance and Supply Chain Finance Services  #2 Trade Finance Provider Globally in 2015 (Euromoney)  Best Trade Finance Bank in CEE in 2015 for the eighth consecutive year (Global Finance) Top-rated for Securities Services in CEE  Best Sub-Custodian Bank in CEE 2015 (Global Finance)

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YOUR ACCESS TO STRUCTURED FINANCE, CAPITAL MARKETS AND INVESTMENT PRODUCTS Through our global investment banking platform, UniCredit provides holistic and state-of-the-art solutions across structured finance, capital markets and investment products – core values and strengths that are at UniCredit’s heart. Capital Structure Advisory Our Capital Structure Advisory offers in-depth financial analysis and balance sheet advisory, providing the client with a neutral perspective on strategic solutions for our clients’ future evolution leveraging on in-depth product and industry expertise. Corporate Structured Finance Our one-stop-shop approach provides clients with expertise in arranging and structuring complex transactions. Gazprom M&T

Gerresheimer

BASF

Ferrovie dello Stato

USD 500,000,000 Revolving Credit Facility

EUR 3,000,000,000 EUR 3,000,000,000 Revolving Credit Facilities Coordinator, Bookrunner & MLA Germany, May 2015

EUR 1,500,000,000 Revolving Credit Facility

Coordinator, Bookrunner, MLA & Facility Agent UK, July 2015

EUR 450,000,000 Revolving Credit Facility Coordinator, Bookrunner, MLA & Documentation Agent Germany, June 2015

OMV

ProSiebenSat.1

Dufry

Campari

EUR 750,000,000 Revolving Credit Facility

EUR 2,000,000,000 Term Loan Facility, Revolving Credit Facility Coordinator, Bookrunner & Facility/Documentation Agent Germany, Apr 2015

EUR 3,600,000,000 Acquisition Bridge Facilities, Term Loan Facility Underwriter, Bookrunner & MLA Switzerland, Mar 2015

EUR 460,000,000 Revolving Credit Facility

Coordinator, Bookrunner, MLA & Facility Agent Austria, May 2015

Bookrunner, MLA & Facility Agent Italy, May 2015

Coordinator, Bookrunner & MLA Italy, Feb 2015

Debt and Equity Capital Markets Our commitment, innovation, structuring expertise and our excellent network of investors, in our European home markets and internationally, make us a preferred partner in the capital markets.

Key facts on UniCredit and Kepler Cheuvreux  Significant strengthening of UniCredit's Equity Platform  Unrivalled combination of Equity Capital Markets businesses in Italy, Germany, Austria and CEE  The largest research footprint in Continental Europe with more than 700 stocks covered  The largest multi-local sales force covering investors, spanning the whole range from international tier 1 investors to local “real money” accounts

Sanofi

Statkraft

Telefónica

Beni Stabili

EUR 2,000,000,000 3-Tranche Senior Bond due 2019, 2021, 2025 A1/AA Joint Bookrunner France, Sep 2015

EUR 500,000,000 Senior Bond 1.500% due 2023 Baa1/AJoint Bookrunner Norway, Sep 2015

EUR 1,000,000,000 Senior Bond 1.477% due 2021 Issue Rating Baa2/BBB Joint Bookrunner Spain, Sep 2015

EUR 200,000,000 2021 Convertible Bond EUR 225,000,000 2018 Convertible Bond Reverse bookbuilding Joint Bookrunner Italy, July 2015

Deutsche Wohnen

Masi Agricola SpA

Stada

Sappi

EUR 500,000,000 Senior Bond 1.375% due 2020 A3/BBB+ Joint Bookrunner Germany, July 2015

EUR 34,071,453 IPO Joint Global Coordinator, Bookrunner Italy, June 2015

EUR 300,000,000 Senior Bond due 2022 nor rated Joint Bookrunner Germany, Apr 2015

EUR 450,000,000 Senior Secured due 04/ 2022 Issue Rating Ba2/BB Global Coordinator Austria, Mar 2015

Repsol

Jenoptik/ECE Industriebeteiligung

Roche

Enel

EUR 1,000,000,000 Senior Bond 0.875% due 2025 A1/AA Joint Bookrunner Switzerland, Feb 2015

EUR 2,160,465,600 ABB Secondary

EUR 2,000,000,000 2-Tranche Hybrid Bond 3.875% & 4.500% Issue Rating Ba1/BB Joint Bookrunner Spain, Mar 2015

EUR 71,400,000 Secondary ABB Sole Bookrunner Germany, Mar 2015

Joint Bookrunner Italy, Feb 2015

#3 Bookrunner Combined All EMEA Bonds / Loans in EUR

56.3 50.7 49.7 47.9 46.4 45.3 44.2 41.9

Kepler Cheuvreux supports our Equity Capital Markets business in the areas of Equity research in Europe and also handles the distribution of European ECM transactions worldwide.

34.8 33.0 Dealogic as of 1 September 2015 (period 1 Jan – 31 Aug 2015)

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Structured Trade Finance, Commodity Trade Finance UniCredit assists clients in structuring, arranging and syndicating financing solutions for export business and international commodity trade. This includes ECA covered transactions in the international export/supply of goods and services dealing with a high level of complexity and risk. Corporate Treasury Sales UniCredit’s Corporate Treasury Sales department services corporate clients with transactions involving liability hedging, investments and other Markets-based products. The unit ensures that corporate clients receive efficient pricing, reliable “straight through” execution, structured investments and loan products, as well as tailor-made solutions to help them optimize the financial management of their company.

Corporate Finance Advisory M&A UniCredit follows an integrated industry sector and M&A execution approach with in-depth sector expertise across Western, Central and Eastern Europe. Schnellecke

OresaVentures

Moby – CIN

Undisclosed Sole financial advisor to Oresa Ventures on the disposal of PLOH!, the leading vending machines operator in Poland Poland, July 2015

EUR 800,000,000 Advisor to Onorato Group in the buy-out of Moby and CIN minorities

Italy, Aug 2015

Undisclosed Advisor to Schnellecke AG on the sale of Waldaschaff Automotive to Lingyun Industrial Ltd. (CN) Germany, Aug 2015

F2i

Mid Europa Partners

Mid Radenska

MAHLE Group

Undisclosed Advisor to F2i in the disposal of 49% stake in F2i Aeroporti to Ardian / Credit Agricole Italy, Apr 2015

Undisclosed Advisor to MEP on the acquisition of a controlling stake in Danube Foods Group Serbia, Apr 2015

EUR 51,800,000 Advisor to Pivovarna Lasko on the sale of its 75.31% stake in Radenska d.d. Slovenia, Mar 2015

EUR 58,300,000 Advisor to MAHLE Group on the acquisition of a 53.99% stake in listed Letrika d.d. DE / SI, June 2014

Laminazione Sottile

Undisclosed Advisor to Laminazione Sottile in the acquisition of Ariflex

Italy, June 2015

Disclaimer UniCredit Corporate & Investment Banking is a division of UniCredit and consists of UniCredit Bank AG, Munich, UniCredit Bank AG Vienna Branch, UniCredit Bank AG London Branch, UniCredit Bank AG Milan Branch, UniCredit Bank Austria AG, Vienna, UniCredit S.p.A., Rome, UniCredit CAIB Poland S.A., Warsaw, Bank Pekao SA, Warsaw, UniCredit Bank Slovakia AS, ZAO UniCredit Bank, Moscow, UniCredit Tiriac S.A., Bucharest, UniCredit Bank Czech Republic and Slovakia A.S., Prague and Bratislava (Slovakia Branch), Yapi Kredi Yatirim Menkul Degerler A.S., Istanbul, UniCredit Bulbank AD, Sofia, Zagrebacka banka d.d., Zagreb, UniCredit Bank Hungary Zrt., Budapest, and other members of UniCredit. UniCredit Group and its subsidiaries are subject to regulation by the European Central Bank. In addition, UniCredit Bank AG and its branches are regulated by the Federal Financial Supervisory Authority (BaFin). In addition to that, UniCredit Bank AG Vienna Branch is also regulated by the Austrian Financial Market Authority (FMA), UniCredit Bank AG London Branch is also regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) and UniCredit Bank AG Milan Branch is also regulated by Banca d’Italia and the Commissione Nazionale per le Società e la Borsa (CONSOB). UniCredit Bank Austria AG is regulated by the Austrian Financial Market Authority (FMA). UniCredit S.p.A. is regulated by Banca d’Italia and the Commissione Nazionale per le Società e la Borsa (CONSOB). UniCredit CAIB Poland S.A. is regulated by the Polish Financial Supervision Authority. Bank Pekao SA, Warsaw, is also regulated by the Polish Financial Supervision Authority. UniCredit Bank Czech Republic and Slovakia AS, is regulated by the CNB Czech National Bank, Prague, and subject to limited regulation by the National Bank of Slovakia, Bratislava. ZAO UniCredit Bank is regulated by the Central Bank of the Russian Federation, Moscow, UniCredit Tiriac S.A. is regulated by Romanian National Securities Commission and the Banca Nationala a Romaniei. Yapi Kredi Yatirim Menkul Degerler A.S. is regulated by the Capital Markets Board of Turkey. UniCredit Bulbank AD is regulated by the Bulgarian National Bank and the Financial Supervision Commission. Zagrebacka banka d.d. is regulated by the Croatian Financial Services Authority. UniCredit Bank Hungary Zrt. is regulated by the Hungarian Financial Supervisory Authority. This is for information purposes only and (i) does not constitute or form part of any offer for sale or subscription of or solicitation of any offer to buy or subscribe for any financial, money market or investment instrument or any security, (ii) is neither intended as such an offer or solicitation for any such instrument or any security nor (iii) as an advertisement thereof. This communication is directed solely at investment professionals and constitutes a “nonretail communication” for the purposes of the relevant regulations. The securities referred to in this advertisement have not been registered under the U.S. Securities Act of 1933, as amended (the “Act”), and may not be offered or sold in the United States or to a U.S. person absent registration or an applicable exemption from the registration requirements of the Act. V4-20.10.2015

WE LOOK FORWARD TO SUPPORTING YOUR SUCCESS Austria

UK

Dieter Hengl Head of CIB Austria Tel. +43 50505-48000 [email protected]

Edward Platt Country Head UK, Branch Manager London Tel. +44 207 826 1351 [email protected]

Germany

France

Michael Diederich Head of CIB Germany Tel. +49 89 378-16198 [email protected]

Patrick Soulard Country Head France Tel. +33 153 675168 [email protected]

Italy

Americas

Vittorio Ogliengo Head of CIB Italy Tel. +39 02 88622953 [email protected]

Giovanni Ronca Head of CIB Americas Tel. +1 212 6725858 [email protected]

Poland

Asia Pacific Region

Andrzej Kopyrski Head of Corporate Banking & MIB Division in Poland Tel. +48 22 254 5553 [email protected]

Andreas Wagner Head of CIB Asia Pacific Region Tel. +852 2533 4788 [email protected]

Central & Eastern Europe Enrico Minniti Head of CEE CIB Tel. +43 50505-53507 [email protected]

UniCredit S.p.A. Corporate & Investment Banking www.unicredit.eu Munich Branch Am Tucherpark 16 D-80538 Munich [email protected]