Your Partner for Local Access and Global Reach

Your partner for local access and global reach.

AS THE EUROPEAN NATIVE WITH INTERNATIONAL REACH WE GIVE YOU ACCESS TO BOUNDLESS OPPORTUNITIES

UniCredit Corporate & Investment Banking serves corporate expertise. This enables us to identify suitable solutions, and institutional clients, offering a unique access to structured with local fluency and global reach and tailored 17 home markets in Europe. Our local roots have made us a to your needs. European Native and for many companies the partner of choice for Corporate Banking and Transaction Services as At a Glance well as Structured Finance, Capital Markets and  A European native, offering unique access through Investment Products. As a leading corporate lender in 17 home markets in Europe Europe, we are there for our clients, helping them to shape  An international network connecting 21 locations the region’s real economy. across 4 continents  The European partner of choice for Corporate Banking With our extensive network in Western, Central and Eastern and Transaction Services as well as Structured Europe and through our international network of branches Finance, Capital Markets and Investment Products and representative offices we are present in over fifty  A leading Corporate Lender in Europe and European locations around the globe. Thanks to our geographical Gateway to the world presence, we offer a unique combination of deep local knowledge and international product and market

CROSS-BORDER COMPETENCE – OUR UNIQUE SELLING PROPOSITION

UniCredit has an impressive track record as an award- competence; these deals were only possible thanks to our winning investment bank. It is especially our cross-border unique setup with 17 European home markets and a broad excellence which distinguishes us from our peers. The International Network. following transactions illustrate our cross-border

Schnellecke German/Chinese cross-border transaction Jenoptik/ECE Cross-border secondary ABB Industriebeteiligung Germany/China: Schnellecke Group, Germany/Austria: Jenoptik/Humer Undisclosed Advisor to Schnellecke AG on the sale of International M&A deal Foundation, Cross-border secondary ABB Waldaschaff Automotive EUR 71,400,000 to Lingyun Industrial Ltd.  The first sale to a Chinese buyer for Secondary ABB  Sole Bookrunner on the backstopped (CN) Sole Bookrunner Germany, Aug 2015 UniCredit Bank AG, advising a Germany, Mar 2015 share placing of an Austrian Commercial Banking client on the foundation’s stake in Jenoptik. disposal of its automotive business.  The deal priced after 2 hours close to  Leveraged our International Network 5 years’ high with a strong quality to bring this transaction to a allocation skewed to UK and Swiss successful closing. investors.

OresaVentures Polish/Italian cross-border transaction Dufry Supporting Dufry to become the World's

Undisclosed Poland/Italy: Italy-based UnionCafe s.r.l. leading travel retailer Sole financial advisor to EUR 3,600,000,000 Oresa Ventures on the acquires Poland-based PLOH! Acquisition Bridge Switzerland/Italy: Dufry International CSF disposal of PLOH!, the Facilities, leading vending Term Loan Facility machines operator in  Union Café is an Italian company Underwriter, Underwriting Poland Bookrunner & MLA Poland, July 2015 backed by Sogeda, the leading Italian Switzerland, Mar 2015  Underwriter and Bookrunner for the vending machines operator and EUR 3.6 bn acquisition financing for Gimoka, acquired PLOH! Dufry to acquire World Duty Free to  Pekao IB acted as the sole financial become the World's leading travel advisor to Oresa Ventures with respect retailer. to the exit from investment in PLOH!

OUR CLIENTS’ VIEWS

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 Alessandro Nesti instrumental in helping to overcome complexity and diversity in each Financial Activities country achieving a harmonised approach to payments and Corporate Director collections as well as ensuring a smooth transition. Menarini Group ”

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 Dr. Paolo Billi preferred stakeholder sharing with us successes and troubles. Group CFO Unicredit is a reliable partner helping us to grow and maintain our SACMI IMOLA S.C. leadership worldwide. ”

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 first- hand. 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 Herbert Hertnagel appreciated helping us integrate BPO processes into our existing workflow. Perhaps most impressive, however, from a client- Director Corporate experience point of view was the help UniCredit gave us with our Finance, IT, M&A client, who was interested in using the BPO transaction in order to Financial Risk help them cover their costs during their long production cycle. So the Management (FFR) summary of our experience in this respect is, that there is currently ZF Friedrichshafen AG only one place to go: UniCredit. ”

Since we opened our account with UniCredit, we are experiencing a “high service level – always receiving timely feedback on our Oliver Vogt enquiries. In addition, the bank’s e-banking product is of valuable Managing Director assistance in getting our day-to-day banking business done Marc O’Polo efficiently. Hong Kong Ltd. ”

YOUR ACCESS TO CORPORATE BANKING AND TRANSACTION SERVICES

Through a unique combination of deep local market in various polls. In recent years, UniCredit has consistently knowledge, award winning product expertise and global been top rated in several categories across Western, Central reach, UniCredit offers Corporate Banking and Transaction and Eastern Europe. Services ranging from plain-vanilla loans to trade finance Our solid focus on cutting-edge business solutions which and international cash management, meeting also the will accompany the entire global supply chain, from the digital needs of our clients. first bid until the final payment of receivables, offer corporates the opportunity of shortening the “order-to- Corporate Loans cash-cycle” and making sure that payments are settled As one of the largest lenders in Europe, UniCredit is safely and punctually. This is often the answer to the digital committed to building stable, strategic partnerships. needs of many clients. Together with our clients, we develop the optimum M&G Polimeri Italia SpA Volzhsky Pipe Plant Friendship Hospital SKY financing strategy which can range from a classical bank BP Aromatics NV Vientiane loan to revolving credit facilities, term loans, mortgage EUR 2,710,864.40 EUR 42,880,000 USD 14,370,720 EUR 245,500,000 backed financings, guarantee loans or promotional loans First Cross-Border BPO EGAP-covered Buyer’s Deal in CIB Import L/C Credit Performance Guarantee by government sponsored entities. Monthly Revolving Facility Agent & Italy and Germany, Issuing bank EGAP-Agent Issuing bank July 2015 Russia, July 2015 Lao PDR, July 2015 UK, June 2015

Transaction Banking mydays GmbH Carl Zeiss Group PhosAgro-Cherepovets AEGON N.V. In Transaction Banking we offer native advantage throughout Europe. As a European gateway to the world and UC Virtual Accounts EuropeanGate USD 34,576,230 USD 2,600,000,000 Hungary 2 Import L/Cs Syndicated Letter of with a network of 4,000 correspondent banks UniCredit Credit Facility Issuing bank Bookrunner & MLA covers 175 countries across the globe. We service our Russia, Feb/June 2015 Netherlands, May 2015 Germany, June 2015 Germany, June 2015 clients with traditional products and innovative solutions such as BPOs and latest XML technology. Best-in-class Cash Management Services Cash Management  Best Bank for Cash Management in CEE in 2015 for UniCredit’s success is based on innovative payment and the sixth consecutive year (Global Finance) collection methods, such as virtual accounts and virtual  Best Bank for Liquidity Management in CEE in 2015 IBAN using latest trends offering ROBO, POBO and COBO (Global Finance) payment schemes and any kind of camt reporting plus status  Best Treasury and Cash Management Provider in Italy information via pain.002. Combined with multi-channel in 2015 (Global Finance) access via SWIFT, H2H and eBanking relying on highly secured Trade Finance Powerhouse; Leading Export Finance and encryption such as 3S key as well as convenient mobile Supply Chain Finance Services banking access via tablets and smart phone.  #2 Trade Finance Provider Globally in 2015 (Euromoney) Aranykor Voluntary Pirelli Group NTK Vinci Finance Pension Fund International  Best Trade Finance Bank in CEE in 2015 for the eighth consecutive year (Global Finance) Premium Collect Global Payments Payments Multicountry Factory Cross Border Payment Processor Cash Pooling Top-rated for Securities Services in CEE Hungary, Dec 2014 Italy, Dec 2014 Bulgaria, July 2014 Austria, Mar 2014  Best Sub-Custodian Bank in CEE 2015 (Global Finance)

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

YOUR ACCESS TO STRUCTURED FINANCE, CAPITAL MARKETS AND INVESTMENT PRODUCTS

Through our global investment banking platform, UniCredit Key facts on UniCredit and Kepler Cheuvreux provides holistic and state-of-the-art solutions across  Significant strengthening of UniCredit's Equity structured finance, capital markets and investment Platform products – core values and strengths that are at UniCredit’s  Unrivalled combination of Equity Capital Markets heart. businesses in Italy, Germany, Austria and CEE  The largest research footprint in Continental Europe Capital Structure Advisory with more than 700 stocks covered Our Capital Structure Advisory offers in-depth financial  The largest multi-local sales force covering investors, analysis and balance sheet advisory, providing the client spanning the whole range from international tier 1 with a neutral perspective on strategic solutions for our investors to local “real money” accounts clients’ future evolution leveraging on in-depth product and industry expertise.

Corporate Structured Finance Our one-stop-shop approach provides clients with Sanofi Statkraft Telefónica Beni Stabili expertise in arranging and structuring complex transactions. EUR 2,000,000,000 EUR 500,000,000 EUR 1,000,000,000 EUR 200,000,000 2021 Convertible Bond 3-Tranche Senior Bond Senior Bond Senior Bond EUR 225,000,000 due 2019, 2021, 2025 1.500% due 2023 1.477% due 2021 2018 Convertible Bond Gazprom M&T Gerresheimer BASF Ferrovie dello Stato A1/AA Baa1/A- Issue Rating Baa2/BBB Reverse bookbuilding Joint Bookrunner Joint Bookrunner Joint Bookrunner Joint Bookrunner France, Sep 2015 Norway, Sep 2015 Spain, Sep 2015 Italy, July 2015 USD 500,000,000 EUR 450,000,000 EUR 3,000,000,000 EUR 1,500,000,000 Revolving Credit Facility Revolving Credit Facility EUR 3,000,000,000 Revolving Credit Facility Deutsche Wohnen Masi Agricola SpA Stada Sappi Coordinator, Revolving Credit Facilities Coordinator, Bookrunner, Bookrunner, MLA & Coordinator, Bookrunner, MLA & MLA & Facility Agent Documentation Agent Bookrunner & MLA Facility Agent UK, July 2015 Germany, June 2015 Germany, May 2015 Italy, May 2015 EUR 500,000,000 EUR 34,071,453 EUR 300,000,000 EUR 450,000,000 Senior Bond IPO Senior Bond Senior Secured 1.375% due 2020 Joint Global due 2022 due 04/ 2022 OMV ProSiebenSat.1 Dufry Campari A3/BBB+ Coordinator, nor rated Issue Rating Ba2/BB Joint Bookrunner Bookrunner Joint Bookrunner Global Coordinator Germany, July 2015 Italy, June 2015 Germany, Apr 2015 Austria, Mar 2015 EUR 750,000,000 EUR 2,000,000,000 EUR 3,600,000,000 EUR 460,000,000 Term Loan Facility, Acquisition Bridge Revolving Credit Facility Revolving Credit Facility Repsol Jenoptik/ECE Roche Enel Revolving Credit Facility Facilities, Industriebeteiligung Coordinator, Bookrunner Term Loan Facility Coordinator, Bookrunner, & Facility/Documentation Underwriter, Coordinator, MLA & Facility Agent Agent Bookrunner & MLA Bookrunner & MLA Austria, May 2015 Germany, Apr 2015 Switzerland, Mar 2015 Italy, Feb 2015 EUR 2,000,000,000 EUR 1,000,000,000 EUR 2,160,465,600 2-Tranche Hybrid Bond Senior Bond ABB Secondary 3.875% & 4.500% EUR 71,400,000 0.875% due 2025 Issue Rating Ba1/BB Secondary ABB A1/AA Joint Bookrunner Sole Bookrunner Joint Bookrunner Joint Bookrunner Debt and Equity Capital Markets Spain, Mar 2015 Germany, Mar 2015 Switzerland, Feb 2015 Italy, Feb 2015 Our commitment, innovation, structuring expertise and our excellent network of investors, in our European home #3 Bookrunner Combined All EMEA Bonds / Loans in EUR markets and internationally, make us a preferred partner in the capital markets. 56.3 50.7 Kepler Cheuvreux supports our Equity Capital Markets 49.7 business in the areas of Equity research in Europe and also 47.9 handles the distribution of European ECM transactions 46.4 worldwide. 45.3 44.2 41.9 34.8 33.0

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

Structured Trade Finance, Commodity Trade Finance Corporate Finance Advisory M&A UniCredit assists clients in structuring, arranging and UniCredit follows an integrated industry sector and M&A syndicating financing solutions for export business and execution approach with in-depth sector expertise across international commodity trade. This includes ECA covered Western, Central and Eastern Europe. transactions in the international export/supply of goods and services dealing with a high level of complexity and Laminazione Sottile Schnellecke OresaVentures Moby – CIN risk. Undisclosed Undisclosed Sole financial advisor to Undisclosed Advisor to Schnellecke Oresa Ventures on the EUR 800,000,000 AG on the sale of Advisor to Laminazione disposal of PLOH!, the Advisor to Onorato Group Corporate Treasury Sales Sottile in the acquisition Waldaschaff Automotive leading vending in the buy-out of Moby of Ariflex to Lingyun Industrial Ltd. machines operator in and CIN minorities (CN) Poland UniCredit’s Corporate Treasury Sales department services Italy, Aug 2015 Germany, Aug 2015 Poland, July 2015 Italy, June 2015 corporate clients with transactions involving liability F2i Mid Europa Partners Mid Radenska MAHLE Group hedging, investments and other Markets-based products. The unit ensures that corporate clients receive efficient Undisclosed Undisclosed EUR 51,800,000 EUR 58,300,000 Advisor to F2i in the Advisor to MEP on the Advisor to Pivovarna Advisor to MAHLE Group disposal of 49% stake acquisition of a Lasko on the sale of its on the acquisition of a pricing, reliable “straight through” execution, structured in F2i Aeroporti to controlling stake in 75.31% stake in 53.99% stake in listed Ardian / Credit Agricole Danube Foods Group Radenska d.d. Letrika d.d. investments and loan products, as well as tailor-made Italy, Apr 2015 Serbia, Apr 2015 Slovenia, Mar 2015 DE / SI, June 2014 solutions to help them optimize the financial management of their company.

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 Edward Platt Head of CIB Austria Country Head UK, Branch Manager London Tel. +43 50505-48000 Tel. +44 207 826 1351 [email protected] [email protected]

Germany France Michael Diederich Patrick Soulard Head of CIB Germany Country Head France Tel. +49 89 378-16198 Tel. +33 153 675168 [email protected] [email protected]

Italy Americas Vittorio Ogliengo Giovanni Ronca Head of CIB Italy Head of CIB Americas Tel. +39 02 88622953 Tel. +1 212 6725858 [email protected] [email protected]

Poland Asia Pacific Region Andrzej Kopyrski Andreas Wagner Head of Corporate Banking & MIB Division in Poland Head of CIB Asia Pacific Region Tel. +48 22 254 5553 Tel. +852 2533 4788 [email protected] [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]