Analysis of UniCredit AGM & EGM of 31 March 2023

Ordinary Agenda

1. Approval of the 2022 financial statements

2. Allocation of 2022 net result and distribution of dividend

3. Elimination of so-called "negative reserves" for components not subject to change by means of their definitive coverage

4. Authorization to purchase treasury shares aimed at shareholders' remuneration

5. 2023 Group Remuneration Policy

6. Advisory vote on the 2022 Remuneration Report

7. 2023 Group Incentive System

8. Application of the ratio between variable and fixed remuneration of 2:1 across the organization

9. Determination of the number of Directors

Extraordinary Agenda

1. Authorization to increase the share capital in execution of the 2017-2019 Incentive Plan

2. Authorization to increase the share capital in execution of the 2022 Group Incentive System

3. Cancellation of treasury shares with no reduction of share capital