Dividend
The Board of Directors will recommend at the Annual General
Meeting on 21 April 2005 that UBS should pay a dividend of
CHF 3.00 per share for the 2004 financial year, an increase of
15% or CHF 0.40 from the CHF 2.60 dividend paid for the
2003 financial year and up 50% or CHF 1.00 from the CHF
2.00 dividend paid for the 2002 financial year.
If the dividend is approved, the ex-dividend date will be 22
April 2005, with payment on 26 April 2005 for shareholders
of record on 21 April 2005.