UniCredit: UniCredit issues EUR 750 million Additional Tier 1 PerpNC 12/2031 Notes at the lowest reset margin in its history

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No

/

2026

Date of issue:

2026-09-18

Short name of the issuer

UniCredit

Subject

UniCredit issues EUR 750 million Additional Tier 1 PerpNC 12/2031 Notes at the lowest reset margin in its history

Official market - legal basis

Inne uregulowania

Unofficial market - legal basis

Contents of the report:

Today, UniCredit S.p.A. has issued Additional Tier 1 Non-Cumulative Temporary Write-Down Deeply Subordinated Fixed Rate Resettable Notes targeted at institutional investors for a total amount of EUR 750 million.

This Additional Tier 1, part of UniCredit’s institutional MREL funding plan for 2026, improves the Tier 1 ratio by about 25 basis points.

The book building process gathered demand above EUR 3.5 billion from more than 220 investors globally, enabling to review downwards the guidance, initially set at 6.625% - 6.75% area, and to fix the coupon at 6.25%, with a reset margin of 284.1 bps, the lowest ever set by UniCredit.

The final allocation has been mainly in favour of funds (67%), hedge funds (17%), central banks and official institutions (9%), with the following geographical distribution: UK (33%), France (26%), Asia (9%).

The Notes have a 5.125% Common Equity Tier 1 (CET1) trigger - if the Group or the Issuer CET1 ratio at any time falls below the trigger level, the instrument will be temporarily written down to cure the breach, taking also into consideration other instruments with similar write down triggers, ranking pari-passu among themselves.

The securities are perpetual (with maturity linked to corporate duration of UniCredit S.p.A.) and may be called by the Issuer on 3 December 2031 and thereafter on any interest payment date, subject to regulatory approval.

The Notes pay fixed rate coupons of 6.25% per annum up to December 2031 on a semi-annual basis; if not called, coupons will be reset every 5 years to the aggregate of the then 5-Years Mid-Swap rate plus 284.1 bps, calculated on an annual basis and then converted to a semi-annual rate in accordance with market conventions. In line with the regulatory requirements, the coupons payments are fully discretionary.

UniCredit Bank GmbH acted as Global Coordinator and as Joint Bookrunner together with Barclays, BNP PARIBAS, BofA Securities, Citi, J.P. Morgan, Morgan Stanley and Santander.

The notes are expected to be rated “Ba2” by Moody’s and "BB" by S&P.

Milan, 18 September 2026

Contacts:

Media Relations e-mail: MediaRelations@unicredit.eu

Investor Relations e-mail: InvestorRelations@unicredit.eu

Annexes

File

Description

PR_UniCredit_AT1_ITA ENG_18092026.pdf

Press release

Legal framework

Type of information

RegulatoryData

Collection Body

PLKNF

Unique data record identifier

Type of submission

New (to be used for new information)

Voluntary information flag

Date or period covered [Date or beginning of the period to which the information relates]

2026-09-18

Date or period covered [Date or end of the period to which the information relates]

2026-09-18

Personal data flag

Macierzyste państwo członkowskie, w stosownych przypadkach

PL

DocumentReference

Język, w którym przekazano informacje

Oryginał (ORIG) czy tłumaczenie (TRAN)

Numer referencyjny pliku danych

PL

ORIG

SubmittingEntity

Submitting entity LEI

or

Submitting entity name - natural person

549300TRUWO2CD2G5692

RelatedEntity/LegalPerson

Entity LEI

Size of the entity

Industry sector(s)

549300TRUWO2CD2G5692

Large group

(acc. NACE): K

UniCredit S.p.A.

(fullname of the issuer)

UniCredit

Banki (ban)

(short name of the issuer)

(sector according to clasification

of the WSE in Warsow)

00187

Rzym

(post code)

(city)

Specchi

(street)

(number)

(phone number)

(fax)

(e-mail)

(web site)

00348170101

N/A

(NIP)

(REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY

2026-09-18

Daniela Arienti

Group Media Relations