UniCredit S.p.A. ( UNCRY ) Discusses Strategic Scenarios and Value Creation Opportunities Regarding Commerzbank April 20, 2026 3:00 AM EDT Company Participants Andrea Orcel - Group CEO, Head of Italy Region & Director Stefano Porro - Chief Financial Officer Conference Call Participants Antonio Reale - BofA Securities, Research Division Sofie Caroline Peterzens - Goldman Sachs Group, Inc., Research Division Andrea Filtri - Mediobanca - Banca di credito finanziario S.p.A., Research Division Delphine Lee - JPMorgan Chase & Co, Research Division Ignacio Ulargui - BNP Paribas, Research Division Noemi Peruch - Morgan Stanley, Research Division Britta Schmidt - Bernstein Autonomous LLP Giovanni Razzoli - Deutsche Bank AG, Research Division Andrew Coombs - Citigroup Inc., Research Division Andrea Lisi - Equita SIM S.p.A., Research Division Presentation Operator Good morning, and welcome to today's conference call. Please note that we will take questions exclusively from research analysts.…