Common use of Distribution Clause in Contracts

Distribution. (a) Method of distribution: Non-syndicated (b) If syndicated, names and addresses of Managers and underwriting commitments: Not Applicable (c) Date of Subscription Agreement: Not Applicable (d) Stabilising Manager(s) (if any): Not Applicable (e) If non-syndicated, name and address of relevant Dealer: UniCredit Bank AG ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (▇) Total commission and concession: Up to 2.78 per cent. of the Aggregate Nominal Amount (including 1.00 per cent front end load) (g) U.S. Selling Restrictions: Reg. S Compliance Category 2; TEFRA D (h) Non-exempt Offer: An offer of the Notes may be made by UniCredit Bank AG (the Initial Authorised Offeror) (together with any financial intermediaries granted General Consent, being persons to whom the issuer has given consent, the Authorised Offerors) other than pursuant to Article 3(2) of the Prospectus Directive in Austria, Germany and Luxembourg (the Public Offer Jurisdictions) during the period from 9 January 2014 until 7 February 2014 (at 14:00 CET) (the Offer Period). See further Paragraph 8 below. (i) General Consent: (j) Other conditions to consent: Applicable The conditions to the Issuer's and the Guarantor's consent referred to in item (h) above (in addition to the conditions referred to in the Summary Note) are that such consent (a) is only valid during the Offer Period; and (b) only extends to the use of this Base Prospectus to make Non- exempt Offers of the relevant Tranche of Notes in Austria, Germany, or Luxembourg.

Distribution. (a) Method of distribution: Non-syndicated (b) If syndicated, names and addresses of Managers and underwriting commitments: Not Applicable (c) Date of Subscription Agreement: Not Applicable (d) Stabilising Manager(s) (if any): Not Applicable (e) If non-syndicated, name and address of relevant Dealer: UniCredit Bank AG ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (▇) Total commission and concession: Up to 2.78 2.27 per cent. of the Aggregate Nominal Amount (including 1.00 per cent front end load) (g) U.S. Selling Restrictions: Reg. S Compliance Category 2; TEFRA D (h) Non-exempt Offer: An offer of the Notes may be made by UniCredit Bank AG (the Initial Authorised Offeror) (together with any financial intermediaries granted General Consent▇▇▇▇▇▇▇, being persons to whom the issuer has given consent, the Authorised Offerors) other than pursuant to Article 3(2) of the Prospectus Directive in Austria, Germany and Luxembourg (the Public Offer Jurisdictions) during the period from 9 January 10 February 2014 until 7 February 25 March 2014 (at 14:00 CET) (the Offer Period). See further Paragraph 8 below8. (i) General Consent: (j) Other conditions to consent: Applicable The conditions to the Issuer's and the Guarantor's consent referred to in item (h) above (in addition to the conditions referred to in the Summary Note) are that such consent (a) is only valid during the Offer Period; and (b) only extends to the use of this Base Prospectus to make Non- Non-exempt Offers of the relevant Tranche of Notes in Austria, Germany, or Luxembourg.