52VB Emirate Ab 51 A

    

Unione di Banche Italiane S.c.p.a.


RE: Banche Popolari Unite S.C.R.L
    EUR 500,000,000.00
    MATURING: 20/Jun/2012
    ISSUE DATE: 20/Jun/2005
    ISIN: XS0221671547

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20/Sep/2007 TO 20/Dec/2007 HAS BEEN FIXED AT 4.931000 PCT.

DAY BASIS 91/360

INTEREST PAYABLE VALUE 20/Dec/2007 WILL AMOUNT TO
EUR 623.22 PER EUR 50,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON
TEL: 44 (0)20 7508 3858/3855
FAX: 44 (0)20 7508 3866
Email: rate.fixing@citigroup.com

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