Banche Popolari Unite SCRL


RE: Banche Popolari Unite S.C.R.L
       EUR 130,000,000.00
       MATURING: 19-Apr-2013
       ISSUE DATE: 19-Apr-2006
       ISIN: XS0250815361

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
19-Apr-2007 TO 19-Jul-2007 HAS BEEN FIXED AT 4.108000 PCT

DAY BASIS 91/360

INTEREST PAYABLE VALUE 19-Jul-2007 WILL AMOUNT TO:
EUR 1,038.41 PER EUR 100,000.00 DENOMINATION

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