UBS - Shares, options and loans for the Board of Directors and Group Executive Board (at end of 2008)

Group Executive Board Transactions in 2008 Loans

Share and option ownership of members of the BoD at 31 December 2007/2008
Name, function ¹	For the year ended	Number of shares held	Voting rights in %	Number of options held	Potentially conferred voting rights in % ²	Type and quantity of options ³
Peter Kurer, Chairman	2008	416,088	0.025	372,995	0.022	xxx: xxxv: xli: xlv:	85 256 95 913 95 913 95 913
Peter Kurer, Chairman	2007	292,762	0.026	350,000	0.031	xxx: xxxv: xli: xlv:	80 000 90 000 90 000 90 000
Sergio Marchionne, senior independent director, vice chairman	2008	87,926	0.005	0	0.000
	2007	45,800	0.004	0	0.000
Ernesto Bertarelli, member	2008	89,434	0.005	0	0.000
Ernesto Bertarelli, member	2007	48,411	0.004	0	0.000
Sally Bott, member	2008	1	0.000	0	0.000
Sally Bott, member	2007
Rainer-Marc Frey, member	2008	0	0.000	0	0.000
Rainer-Marc Frey, member	2007
Bruno Gehrig, member	2008	3,000	0.000	0	0.000
Bruno Gehrig, member	2007
Gabrielle Kaufmann-Kohler, member	2008	18,713	0.001	0	0.000
Gabrielle Kaufmann-Kohler, member	2007	3,303	0.000	0	0.000
Helmut Panke, member	2008	31,971	0.002	0	0.000
Helmut Panke, member	2007	13,206	0.001	0	0.000
William G. Parrett, member	2008	4,000	0.000	0	0.000
William G. Parrett, member	2007
David Sidwell, member	2008	1	0.000	0	0.000
David Sidwell, member	2007
Peter R. Voser, member	2008	30,823	0.002	0	0.000
Peter R. Voser, member	2007	11,580	0.001	0	0.000
Joerg Wolle, member	2008	41,509	0.002	0	0.000
Joerg Wolle, member	2007	7,709	0.001	0	0.000

1 This table includes vested, unvested, blocked and unblocked shares and options held by members of the BoD including related parties. 2 No conversion rights are outstanding. 3 Refer to "Note 31 Equity participation and other compensation plans" in the financial statements of this report for more information.

Group Executive Board

Senior executive share ownership policy

Share ownership policies are in place to ensure that the interests of management are aligned with those of shareholders. Up to and including 2008, senior executives were required to accumulate and hold UBS shares with an aggregate value of five times the amount of the last three years' average cash component of their total compensation (base salary plus cash incentive award). Due to changes in the compensation model, the share ownership policy will be changed from 2009 onwards (refer to the "Compensation principles 2009 and beyond for UBS senior executives" section of this report for more information). Senior executives are not permitted to enter into any transaction which hedges, mitigates or otherwise transfers the risk of price movements of unvested UBS shares, notional shares or stock options granted under UBS compensation plans.

Share and option ownership of members of the GEB at 31 December 2007/2008
Name, function ¹	For the year ended	Number of shares held	Voting rights in %	Number of options held	Potentially conferred voting rights in % ²	Type and quantity of options ³
Marcel Rohner, Group Chief Executive Officer	2008	711,366	0.042	1,055,043	0.063	xxv: xxx: xxxv: xli: xlv:	31,971 213,140 277,082 319,710 213,140
Marcel Rohner, Group Chief Executive Officer	2007	501,846	0.044	990,000	0.088	xxv: xxx: xxxv: xli: xlv:	30,000 200,000 260,000 300,000 200,000
John Cryan, Group Chief Financial Officer	2008	235,929	0.014	382,673	0.023	v: vi: vii: xii: xiii: xiv: xvii: xviii: xix: xxi: xxii: xxiii: xxvii: xxviii: xxix: xxxii: xxxiii: xxxiv: xxxviii: xxxix: xl: xlii: xliii: xliv: xlvi:	21,362 20,731 20,725 5,454 5,294 5,292 23,626 23,620 23,612 5,526 5,524 5,524 17,072 17,068 17,063 14,210 14,210 14,207 5,330 5,328 5,326 17,762 17,762 17,760 53,285
John Cryan, Group Chief Financial Officer	2007
Markus U. Diethelm, Group General Counsel	2008	112,245	0.007	0	0.000		0
Markus U. Diethelm, Group General Counsel	2007
John A. Fraser, Chairman and CEO Global Asset Management	2008	583,812	0.035	1,144,808	0.068	i: viii: xv: xx: xxxi: xxxvi: xli: xlv:	56,013 76,380 127,884 127,884 170,512 202,483 213,140 170,512
John A. Fraser, Chairman and CEO Global Asset Management	2007	461,764	0.041	1,074,232	0.095	i: viii: xv: xx: xxxi: xxxvi: xli: xlv:	52,560 71,672 120,000 120,000 160,000 190,000 200,000 160,000
Marten Hoekstra, Deputy CEO Global Wealth Management & Business Banking and Head Wealth Management US	2008	245,397	0.015	684,168	0.041	ii: iii: iv: ix: x: xi: xxvi: xxxi: xxxvi: xli: xlv: xlvii:	8,679 8,421 8,421 8,823 12,825 8,561 42,628 53,285 53,285 85,256 154,931 239,053
	2007
Jerker Johansson, Chairman and CEO Investment Bank	2008	521,544	0.031	753,410	0.045	xlviii: xlix:	745,990 7,420
Jerker Johansson, Chairman and CEO Investment Bank	2007
1 This table includes vested and unvested shares and options held by members of the GEB including related parties. 2 No conversion rights are outstanding. 3 Refer to "Note 31 Equity participation and other compensation plans" in the financial statements of this report for more information.
Share and option ownership of members of the GEB on 31 December 2007/2008 (continued)
Name, function ¹	For the year ended	Number of shares held	Voting rights in %	Number of options held	Potentially conferred voting rights in % ²	Type and quantity of options ³
Philip J. Lofts, Group Chief Risk Officer	2008	186,434	0.011	577,723	0.034	v: vi: vii: xii: xiii: xiv: xvii: xviii: xix: xxi: xxii: xxiii: xxvii: xxviii: xxix: xxxv: xli: xlv: xlvii:	11,445 11,104 11,098 1,240 5,464 1,199 9,985 9,980 9,974 1,833 1,830 1,830 35,524 35,524 35,521 117,090 117,227 85,256 74,599
Philip J. Lofts, Group Chief Risk Officer	2007
Walter Stuerzinger, Chief Operating Officer, Corporate Center	2008	296,886	0.018	372,995	0.022	xvi: xxx: xxxv: xli: xlv:	31,971 63,942 85,256 95,913 95,913
	2007	209,442	0.019	350,000	0.031	xvi: xxx: xxxv: xli: xlv:	30,000 60,000 80,000 90,000 90,000
Rory Tapner, Chairman and CEO Asia Pacific	2008	827,809	0.049	1,379,533	0.082	vii: xv: xxiv: xxx: xxxv: xli: xlv:	281,862 213,140 213,140 170,512 159,855 170,512 170,512
Rory Tapner, Chairman and CEO Asia Pacific	2007	514,365	0.046	1,294,486	0.115	vii: xv: xxiv: xxx: xxxv: xli: xlv:	264,486 200,000 200,000 160,000 150,000 160,000 160,000
Raoul Weil, Chairman and CEO Global Wealth Management & Business Banking, relinquished his duties on an interim basis	2008	315,698	0.019	432,409	0.026	xv: xxxv: xli: xlv:	53,285 102,281 127,884 148,959
	2007	212,934	0.019	405,752	0.036	xv: xxxv: xli: xlv:	50,000 95,976 120,000 139,776
Alexander Wilmot-Sitwell, Chairman and CEO, UBS Group EMEA and Joint Global Head IB Department	2008	304,655	0.018	353,807	0.021	xxxiv: xxxvii: xxxviii: xxxix: xl: xlv: xlvii:	53,282 2,130 35,524 35,524 35,521 106,570 85,256
	2007
Robert Wolf, Chairman and CEO, UBS Group Americas / President Investment Bank	2008	827,307	0.049	948,473	0.056	xx: xxxi: xxxvi: xli: xlv: xlvii:	287,739 213,140 127,884 106,570 106,570 106,570
	2007
1 This table includes vested and unvested shares and options held by members of the GEB including related parties. 2 No conversion rights are outstanding. 3 Refer to "Note 31 Equity participation and other compensation plans" in the financial statements of this report for more information.

Total of all blocked and unblocked shares held by non-executive members of the BoD ¹
	Total	Of which non-restricted	Of which blocked until
			2009	2010	2011	2012
Shares held on 31 December 2008	307,378	177,027	12,126	13,592	30,193	74,440

			2008	2009	2010	2011
Shares held on 31 December 2007	296,533	134,808	30,602	43,096	35,874	52,153
1 Includes related parties.
No individual board member holds 1% or more of all shares issued.

Total of all vested and unvested shares held by the executive members of the BoD and members of the GEB¹
	Total	Of which vested	Of which vesting
			2009	2010	2011	2012	2013
Shares held on 31 December 2008	5,585,170	2,977,807	1,058,881	595,638	461,376	319,776	171,692

			2008	2009	2010	2011	2012
Shares held on 31 December 2007	6,396,479	3,831,550	796,533	653,726	526,425	362,709	225,536
1 Includes related parties.
No individual BoD or GEB member holds 1% or more of all shares issued.

Vested and unvested options held by independent members of the BoD and by members of the GEB on 31 December 2007 / 2008
Type	Number of options	Year of grant	Vesting date	Expiry date	Subscription ratio	Strike price
i	56,013	2001	20.02.2004	20.02.2009	1:1	CHF 46.92
ii	8,679	2002	31.01.2002	31.07.2012	1:1	USD 21.24
iii	8,421	2002	31.01.2004	31.07.2012	1:1	USD 21.24
iv	8,421	2002	31.01.2005	31.07.2012	1:1	USD 21.24
v	32,807	2002	31.01.2003	31.01.2012	1:1	CHF 36.49
vi	31,835	2002	31.01.2004	31.01.2012	1:1	CHF 36.49
vii	313,685	2002	31.01.2005	31.01.2012	1:1	CHF 36.49
viii	76,380	2002	31.01.2005	31.01.2012	1:1	USD 21.24
ix	8,823	2002	28.02.2002	28.08.2012	1:1	USD 21.70
x	12,825	2002	29.02.2004	28.08.2012	1:1	USD 21.70
xi	8,561	2002	28.02.2005	28.08.2012	1:1	USD 21.70
xii	6,694	2002	28.02.2003	28.02.2012	1:1	CHF 36.65
xiii	10,758	2002	28.02.2004	28.02.2012	1:1	CHF 36.65
xiv	6,491	2002	28.02.2005	28.02.2012	1:1	CHF 36.65
xv	394,309	2002	28.06.2005	28.06.2012	1:1	CHF 37.90
xvi	31,971	2002	28.06.2005	28.12.2012	1:1	CHF 37.90
xvii	33,611	2003	01.03.2004	31.01.2013	1:1	CHF 27.81
xviii	33,600	2003	01.03.2005	31.01.2013	1:1	CHF 27.81
xix	33,586	2003	01.03.2006	31.01.2013	1:1	CHF 27.81
xx	415,623	2003	31.01.2006	31.01.2013	1:1	USD 22.53
xxi	7,359	2003	01.03.2004	28.02.2013	1:1	CHF 26.39
xxii	7,354	2003	01.03.2005	28.02.2013	1:1	CHF 26.39
xxiii	7,354	2003	01.03.2006	28.02.2013	1:1	CHF 26.39
xxiv	213,140	2003	31.01.2006	31.01.2013	1:1	CHF 30.50
xxv	31,971	2003	31.01.2006	31.07.2013	1:1	CHF 30.50
xxvi	42,628	2003	31.01.2006	31.07.2013	1:1	USD 22.53
xxvii	52,596	2004	01.03.2005	27.02.2014	1:1	CHF 44.32
xxviii	52,592	2004	01.03.2006	27.02.2014	1:1	CHF 44.32
xxix	52,584	2004	01.03.2007	27.02.2014	1:1	CHF 44.32
xxx	532,850	2004	28.02.2007	27.02.2014	1:1	CHF 48.69
xxxi	436,937	2004	01.03.2007	27.02.2014	1:1	USD 38.13
xxxii	14,210	2005	01.03.2006	28.02.2015	1:1	CHF 47.58
xxxiii	14,210	2005	01.03.2007	28.02.2015	1:1	CHF 47.58
xxxiv	67,489	2005	01.03.2008	28.02.2015	1:1	CHF 47.58
xxxv	837,477	2005	01.03.2008	28.02.2015	1:1	CHF 52.32
xxxvi	383,652	2005	01.03.2008	28.02.2015	1:1	USD 44.81
xxxvii	2,130	2005	04.03.2007	04.03.2015	1:1	CHF 47.89
xxxviii	40,854	2006	01.03.2007	28.02.2016	1:1	CHF 65.97
xxxix	40,852	2006	01.03.2008	28.02.2016	1:1	CHF 65.97
xl	40,847	2006	01.03.2009	28.02.2016	1:1	CHF 65.97
xli	1,332,125	2006	01.03.2009	28.02.2016	1:1	CHF 72.57
xlii	17,762	2007	01.03.2008	28.02.2017	1:1	CHF 67.00
xliii	17,762	2007	01.03.2009	28.02.2017	1:1	CHF 67.00
xliv	17,760	2007	01.03.2010	28.02.2017	1:1	CHF 67.00
xlv	1,348,276	2007	01.03.2010	28.02.2017	1:1	CHF 73.67
xlvi	53,285	2008	01.03.2011	28.02.2018	1:1	CHF 32.45
xlvii	505,478	2008	01.03.2011	28.03.2018	1:1	CHF 35.66
xlviii	745,990	2008	01.03.2011	07.04.2018	1:1	CHF 36.46
xlix	7,420	2008	01.03.2011	06.06.2018	1:1	CHF 28.10

Transactions in 2008

In accordance with applicable rules and regulations, management transactions in UBS shares by members of the Board of Directors (BoD) and the Group Executive Board (GEB) are publicly disclosed. On 16 May 2008, persons closely associated with them also have such reporting obligations. Transactions which require reporting are those involving all types of financial instruments whose price is primarily influenced by UBS shares. As a consequence of the issuance of new UBS shares in connection with the stock dividend approved by the extraordinary general meeting on 27 February 2008, the grandfathering of Swiss rules ended on 16 May 2008, and the EU requirements (paragraph 15a of the German Securities Trading Act) regarding the reporting of management transactions are now applicable.

From 1 January to 15 May 2008, four purchases were disclosed with a total value of CHF 5,525,205, as well as two sales with a total value of CHF 847,332. Individuals' names and transactions made by closely associated persons were not required to be disclosed.

From 16 May until 31 December 2008, seven share purchases were disclosed with a total value of CHF 5,022,563 and USD 27,228, as well as three share sales with a total value of CHF 18,302,528 and USD 757,457 - of which CHF 17,736,100 were due to a single sale. Such disclosures contained the individuals' names. There were no share purchases or sales made by closely associated persons.

Due to the capital increase with a rights issue in June 2008, there were 29 exercises of subscription rights with a total value of CHF 27,447,987, seven purchases of subscription rights with a total amount of CHF 54,430 and 24 sales of subscription rights with a total value of CHF 3,076,438 and USD 52. These disclosures contained the individuals' names. Two closely associated parties exercised subscription rights, one sold subscription rights.

Until 2008, UBS executives generally received a majority of their compensation in UBS shares or options. For this reason, management transactions, in general, see sales outweighing purchases. Blackout periods and synchronized dates for unblocking or vesting of shares or options granted as compensation may lead to transactions being concentrated in short time periods.

Loans

As a global financial services provider and major Swiss domestic bank, UBS typically has business relationships with many large companies. Members of UBS's BoD often assume management or independent board responsibilities in many of these companies. Moreover, the granting of loans to both individuals and companies is part of UBS's ordinary business. The members of UBS's BoD and GEB are granted loans, fixed advances and mortgages at arm's length market terms.

In 2008, loans granted to companies related to seven independent members of the BoD amounted to CHF 667.3 million, including guarantees, contingent liabilities and unused committed credit facilities. Refer to "Note 32 Related parties" in the financial statements of this report for more information.

Loans granted to members of the BoD at 31 December 2007/2008
CHF, except where indicated a
Name, function ¹	For the year ended	Secured loans	Other loans granted	Total
Peter Kurer, Chairman ²	2008	1,261,000	0	1,261,000
Peter Kurer, Chairman ²	2007
Sergio Marchionne, Senior Independent Director, Vice Chairman	2008	0	0	0
	2007	0	0	0
Ernesto Bertarelli, member	2008	0	0	0
Ernesto Bertarelli, member	2007	0	0	0
Sally Bott, member	2008	0	0	0
Sally Bott, member	2007
Rainer-Marc Frey, member	2008	0	0	0
Rainer-Marc Frey, member	2007
Bruno Gehrig, member ²	2008	798,000	0	798,000
Bruno Gehrig, member ²	2007
Gabrielle Kaufmann-Kohler, member	2008	0	0	0
Gabrielle Kaufmann-Kohler, member	2007	0	0	0
Helmut Panke, member	2008	0	0	0
Helmut Panke, member	2007	0	0	0
William G. Parrett, member ²	2008	1,167,659	0	1,167,659
William G. Parrett, member ²	2007
David Sidwell, member	2008	0	0	0
David Sidwell, member	2007
Peter R. Voser, member	2008	0	0	0
Peter R. Voser, member	2007	0	0	0
Joerg Wolle, member	2008	0	0	0
Joerg Wolle, member	2007	0	0	0
Aggregate of all members of the BoD		3,226,659	0	3,226,659
1 No loans have been granted to related parties of the members of the BoD at conditions not customary in the market. 2 Secured loans granted prior to their election to the BoD.

Loans granted to members of the GEB at 31 December 2007/2008
CHF, except where indicated a
Name, function ¹	For the year ended	Secured loans	Other loans granted ²	Total
Markus U. Diethelm, Group General Counsel	2008	3,900,000	0	3,900,000
Joe Scoby, Group Chief Risk Officer ³	2007	0	3,145,796	3,145,796
Aggregate of all members of the GEB ⁴	2008	7,740,562	0	7,740,562
Aggregate of all members of the GEB	2007	3,487,000	3,145,796	6,632,796
1 No loans have been granted to related parties of the members of the GEB at conditions not customary in the market. 2 Guarantees. 3 Joe Scoby stepped down as Group Chief Risk Officer on 4 November 2008. 4 Including those members of the GEB who stepped down during 2008.

Loans granted to former members of the Board of Directors and to the Group Executive Board

In 2008, all loans granted to former members of the BoD and GEB, or to their related parties, were on at arm's length market terms.

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