• CEE countries vulnerable but still showing sound growth • Inflation emerging as a key challenge

• Survey of 15,000 people in fourteen CEE countries and Austria • Bank Austria optimism-index: Young people in Central and Eastern Europe look to the future with confidence

• Growth of banking business slowing down but still strong • Some increase in the cost of risk and in funding costs, but banking profitability and capitalisation remain strong • International players to continue to profit from their CEE strategy - UniCredit Group is market leader • Under the current market conditions, economists expect fewer mergers & acquisitions and sharper focus on organic growth

• Exchange rate fixed at Slovak koruna 30.126 = 1 EUR • Further stabilisation of economy and GDP growth of 7.7 % expected

Cash pooling and zero balancing also available in the Baltic states as of June 2008. Romania to follow in second half of 2008.

• Best Bank in Bulgaria and Best Bank in Poland • Best Debt House in Slovakia and Best Equity House in Bulgaria • Best at Investor Services in the CEE region

From 7th of May Gintaras Mazelis started as a General Manager of AS “UniCredit Bank” Lithuania branch. (Before - Head of Large Corporate Banking Unit of AS „UniCredit Bank” Lithuania branch.)

• Tailor-made MBA programme for high qualified future manager • Scholarships of UniCredit Group to cover the fee of 25,000 Euro

• CEE is still able to live up to the challenge of the financial markets • International investors closely examine the different countries

In the first quarter of the year the Group’s consolidated results were influenced by the adverse conditions of the financial markets. The difficulties faced by the Markets & Investment Banking Division, the hardest hit by the market turmoil were, however, offset by the solid performance of the Group’s commercial banking activities which reported good results, confirming the strength of the business model in terms of geographical and sector diversification.

• 320 million people in 15 countries are using the Euro at the moment, around 440 million Europeans are expected to use it in future.

• Poland, Hungary and Czech Republic could join by 2012/2013.

• Romania and Bulgaria will thereon introduce the Euro by 2013/2014.

UniCredit Group announced today that it has joined the Risk Analysis Service (RAS), a credit risk benchmarking service developed jointly by RMA and AFS that is designed to enhance risk management practices.

Universal leasing provider UniCredit Leasing has opened its branch office in Estonia. UniCredit Leasing Eesti Filiaal is daughter company of UniCredit Bank AS un UniCredit Leasing Group.

UniCredit Group continues building a powerful European banking brand by introducing a new master brand strategy around the UniCredit Group brand device.

Starting from September 1, 2007 AS “UniCredit Bank” takes over the business of Bayerische Hypo- und Vereinsbank AG Tallinn and Vilnius Branch respectively continuing the integration in one of the biggest European banking groups – UniCredit Group.

It is time to choose! AS "UniCredit Bank" offers you two types of credit cards Mastercard Gold - Easy payment and Easy Withdrawal. The new types of credit cards are effective as of February 1, 2007.

UniCredit and HVB announce that UniCredit’s Board of Directors and HVB’s Management and Supervisory Board approved the combination of HVB and UniCredit.

HVB Group member Bank Austria Creditanstalt economic research centre offers an expertise on Central and Eastern European economy.