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05.05.2008

Willi Hemetsberger to leave Bank Austria and UniCredit Group

Willi Hemetsberger, Member of the Management Board of Bank Austria, has decided to leave Bank Austria and UniCredit Group for personal reasons as of 31 May 2008. Hemetsberger, aged 49, has resigned from his current functions in Bank Austria and as Head of Global Markets and Member of the Executive Committee in the Markets & Investment Banking Division of UniCredit Group.

"I'd like to thank Willi Hemetsberger for his significant contribution to the success and development of Bank Austria over the last ten years as well as our Markets & Investment Banking business and his efforts in the interest of our customers", said Erich Hampel, CEO of Bank Austria.

Following Willi Hemetsberger's resignation the Supervisory Board of Bank Austria has decided with immediate effect that Erich Hampel will assume responsibility for the Markets & Investment Banking Division within the Management Board of Bank Austria in addition to his responsibilities as Chief Executive Officer of Bank Austria. Edoardo Spezzotti, Head of Markets & Investment Banking Division within UniCredit Group, will assume, also with immediate effect, Willi Hemetsberger's responsibility as Head of Global Markets.

Willi Hemetsberger has been one of the pioneers in Emerging European capital markets, working for different institutions before he joined Creditanstalt Investment Bank (CA IB) as CEO in 1998.
He developed CA IB into a leading investment banking operation for Emerging Europe and Austria. Willi Hemetsberger joined the Management Board of Bank Austria in 2001 and has since then run its entire financial markets business. After UniCredit's acquisition of Bank Austria, he became Head of Global Markets and was appointed Member of the Executive Committee for Markets & Investment Banking.

Enquiries: Bank Austria Communications Austria
Martin Halama, tel. +43 (0) 50505 52371
e-mail: martin.halama@unicreditgroup.at