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
     ISIN: XS0221671547

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
20-Jun-2008 TO 22-Sep-2008 HAS BEEN FIXED AT 5.162000 PCT

DAY BASIS: ACTUAL/360

INTEREST PAYABLE VALUE 22-Sep-2008 WILL AMOUNT TO:
EUR 673.93 PER EUR 50,000.00 DENOMINATION

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