SOURCE: UniCredit Bank AG

UniCredit Bank AG

February 12, 2010 08:20 ET

UniCredit Bank AG Announces the Results of Its Tender Offers to Purchase Hybrid Tier 1 Securities of HVB Funding Trust and HVB Funding Trust III

MUNICH, GERMANY--(Marketwire - February 12, 2010) - UniCredit Bank AG (formerly, Bayerische Hypo- und Vereinsbank AG) announces the results of its tender offers to purchase for cash any and all of the securities described below (the "Securities").

          Description                          CUSIP/ISIN
---------------------------------------------------------------
8.741% Noncumulative Dated Silent             404398 AA 7 /
Partnership Certificates issued by            US404398AA77
HVB Funding Trust

    (the "Trust I Securities")
---------------------------------------------------------------
9.00% Noncumulative Dated Silent              404399 AA 5 /
Partnership Certificates issued by HVB        US404399AA50
Funding Trust III

    (the "Trust III Securities")
---------------------------------------------------------------

The tender offers consisted of two separate offers (together, the "Tender Offers"): one offer to purchase any and all of the Trust I Securities and a second offer to purchase any and all of the Trust III Securities. The Tender Offers were made on the terms and subject to the conditions contained in the Offer to Purchase dated January 13, 2010, and the accompanying Letter of Transmittal, and expired yesterday, February 11, 2010, at 5:00 P.M., New York City time. As previously announced, the early participation period in respect of the Tender Offers expired on January 27, 2010 at 5:00 P.M., New York City time (such time and date, the "Early Participation Date").

UniCredit Bank AG is pleased to announce that:

--  the aggregate liquidation amount of the Trust I Securities validly
    tendered (and not validly withdrawn) and accepted for purchase by
    UniCredit Bank AG is $149,046,000.00.  All such Trust I Securities were
    validly tendered as at the Early Participation Date; and

--  the aggregate liquidation amount of the Trust III Securities validly
    tendered (and not validly withdrawn) and accepted for purchase by
    UniCredit Bank AG is $88,711,000.00.  All such Trust III Securities
    were validly tendered as at the Early Participation Date.

The settlement date in respect of the Tender Offers is currently expected to be on February 16, 2010.