Remuneration Systems (publication in accordance with the Regulation on the Regulatory Requirements for Compensation Systems of Banks "Instituts-Vergütungsverordnung")

Based on the BaFin Circular 22/2009, on 27 October 2009 the Management Board of UniCredit Bank AG resolved to set up a Remuneration Committee. Today the legal basis of the Remuneration Committee is the Regulation on the Regulatory Requirements for Compensation Systems of Banks Of 6 October 2010 (Instituts-Vergütungsverordnung).

This committee has the task of monitoring the appropriateness of the remuneration systems as defined in the Instituts-Vergütungsverordnung.

The Remuneration Committee includes representatives from Human Resources, Finance, Risk Controlling, Compliance, from the market sector and credit risk management function as well as from Trading / Markets. Internal Audit Management is also included within the scope of its duties. The chairman of the Central Works Council and the Speakers' Committee are members by virtue of their office. Other members are appointed and dismissed by the Management Board of the Bank. All of the members of the Remuneration Committee must be Bank employees or members of the Bank's governing bodies and do not receive any separate remuneration for their role on the Remuneration Committee. Their tasks may not result in any disadvantages for their employment relationship.

Further details are provided in the By-laws of the Remuneration Committee of UniCredit Bank AG.

Remuneration details for the 2010 financial year.