UBS financial highlights

1 Details of the earnings per share calculation can be found in Note 8 to the financial statements of this report. 2 Net profit attributable to UBS shareholders from continuing operations year-to-date (annualized as applicable) / average equity attributable to UBS shareholders less distributions (estimated as applicable). 3 Operating expenses / operating income before credit loss expense or recovery. 4 Excludes interest and dividend income. 5 Excludes personnel from private equity (part of Corporate Center). 6 For further details please refer to the share information on page 92 of the report. 7 For further details please refer to the capital management section of this report. 8 Reflects the capital ratios according to Basel II data only. Taking into account the effects from the transitional provisions of the capital floor, which require that during the year 2008 Basel II capital requirements have to amount to at least 90% of Basel I capital requirements, the tier 1 capital ratio would amount to 10.2% and the total capital ratio to 14.0%, respectively. 9 The calculation prior to 2008 is based on the Basel I approach. 10 Fitch's long-term rating was changed to A+ on 24 October 2008.