UCG UniCredit converts into shares part of its synthetic position in Commerzbank also increasing its voting rights to around 20%

Having received all necessary legal and regulatory approvals - including ECB, German Antitrust and FED, underscoring the appropriateness of our actions and approach - UniCredit today announces that it has converted c.10% of its current synthetic position in Commerzbank, taking its physical share ownership and effective voting rights to around 20%.
UniCredit intends to convert the remaining circa 9% synthetic position into physical shares in due course reaching around 29% of Commerzbank voting rights. With these steps UniCredit becomes Commerzbank's largest reference shareholder. Milan, 8 July 2025 Contacts: Media Relations e-mail: MediaRelations@unicredit.eu Investor Relations e-mail: InvestorRelations@unicredit.eu