Notes (unaudited)

Note 8 Earnings per Share (EPS) and Shares Outstanding

Search only in Quarterly Reporting Q2 2008

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Earnings per Share (EPS) and Shares Outstanding

	Quarter ended			% change from		Year-to-date
	30.6.08	31.3.08	30.6.07	1Q08	2Q07	30.6.08	30.6.07

Basic earnings (CHF million)
Net profit attributable to UBS shareholders	(358)	(11,535)	5,547	97		(11,893)	8,578
from continuing operations	(415)	(11,609)	5,280	96		(12,025)	8,303
from discontinued operations	57	74	267	(23)	(79)	132	275

Diluted earnings (CHF million)
Net profit attributable to UBS shareholders	(358)	(11,535)	5,547	97		(11,893)	8,578
Less: (Profit) / loss on equity derivative contracts	(16)	(33)	(2)	52	(700)	(39)	(1)
Net profit attributable to UBS shareholders for diluted EPS	(374)	(11,568)	5,545	97		(11,932)	8,577
from continuing operations	(431)	(11,642)	5,278	96		(12,064)	8,302
from discontinued operations	57	74	267	(23)	(79)	132	275

Weighted average shares outstanding
Weighted average shares outstanding	2,591,865,211	2,209,453,466	2,179,016,807	17	19	2,400,659,339	2,177,365,419
Potentially dilutive ordinary shares resulting from unvested exchangeable shares, options and warrants outstanding ¹	2,636,254	2,326,884	57,579,153	13	(95)	2,104,167	68,791,229
Weighted average shares outstanding for diluted EPS	2,594,501,465	2,211,780,350	2,236,595,960	17	16	2,402,763,506	2,246,156,648

Earnings per share (CHF)
Basic	(0.14)	(5.22)	2.55	97		(4.95)	3.94
from continuing operations	(0.16)	(5.25)	2.42	97		(5.01)	3.81
from discontinued operations	0.02	0.03	0.12	(33)	(83)	0.05	0.13
Diluted	(0.14)	(5.23)	2.48	97		(4.97)	3.82
from continuing operations	(0.17)	(5.26)	2.36	97		(5.02)	3.70
from discontinued operations	0.02	0.03	0.12	(33)	(83)	0.05	0.12

	As of			% change from
Shares outstanding	30.6.08	31.3.08	30.6.07	31.3.08	30.6.07
Total ordinary shares issued	2,932,567,827	2,073,567,252	2,073,419,262	41	41
Second trading line treasury shares
2007/2010 program			19,030,000
Other treasury shares	100,846,828	101,448,832	124,729,722	(1)	(19)
Total treasury shares	100,846,828	101,448,832	143,759,722	(1)	(30)
Shares outstanding	2,831,720,999	1,972,118,420	1,929,659,540	44	47
Retrospective adjustments for stock dividend ²		98,605,921	96,482,977	(100)	(100)
Retrospective adjustments for rights issue ³		146,048,188	142,903,832	(100)	(100)
Mandatory convertible note 2008/10 and exchangeable shares ⁴	271,533,339	271,678,803	574,273	0
Shares outstanding for EPS	3,103,254,338	2,488,451,332	2,169,620,622	25	43
1 Due to UBS losses, 23 million, 32 million and 28 million potential ordinary shares from unexercised employee shares and options are not considered as they have an anti-dilutive effect for the quarter ended 31 March 2008, 30 June 2008 and the Year-to-date 30 June 2008, respectively. Shares were retrospectively adjusted for the rights issue. 2 Shares outstanding are increased by 5% to reflect the 1:20 ratio of the stock dividend. 3 Shares outstanding are increased by 7.053% due to the rights issue. 4 31 March 2008 and 30 June 2008 amounts include 270,438,942 shares for the mandatory convertible notes, adjusted for the rights issue; exchangeable shares adjusted for the stock dividend and rights issue.