UBS - B - Selected financial data

The tables below set forth, for the periods and dates indicated, information concerning the noon buying rate for the Swiss franc, expressed in United States dollars, or USD, per one Swiss franc. The noon buying rate is the rate in New York City for cable transfers in foreign currencies as certified for customs purposes by the Federal Reserve Bank of New York. On 27 February 2009 the noon buying rate was 0.8568 USD per 1 CHF.
Year ended 31 December	High	Low	Average rate ¹ (USD per 1 CHF)	At period end
2004	0.8843	0.7601	0.8059	0.8712
2005	0.8721	0.7544	0.8039	0.7606
2006	0.8396	0.7575	0.8034	0.8200
2007	0.9087	0.7978	0.8381	0.8827
2008	1.0142	0.8171	0.9298	0.9369

Month	High	Low
September 2008	0.9248	0.8776
October 2008	0.8921	0.8570
November 2008	0.8616	0.8172
December 2008	0.9602	0.8171
January 2009	0.9359	0.8599
February 2009	0.8757	0.8465
1 The average of the noon buying rates on the last business day of each full month during the relevant period.

Key figures
	For the year ended
CHF million, except where indicated	31.12.08	31.12.07	31.12.06	31.12.05	31.12.04
Balance sheet data
Total assets	2,014,815	2,274,891	2,348,733	2,001,099	1,703,647
Equity attributable to UBS shareholders	32,531	36,875	51,037	45,633	35,161
Average equity to average assets (%)	1.5	1.8	2.0	1.9	1.9
Market capitalization	43,519	108,654	154,222	131,949	103,638
Shares
Registered ordinary shares	2,932,580,549	2,073,547,344	2,105,273,286	2,177,265,044	2,253,716,354
Treasury shares	61,903,121	158,105,524	164,475,699	208,519,748	249,326,620
BIS capital ratios
Tier 1 (%)	11.0	9.1 ¹	12.2 ¹	13.3 ¹	12.3 ¹
Total BIS (%)	15.0	12.2 ¹	15.0 ¹	14.5 ¹	14.1 ¹
Risk-weighted assets	302,273	374,421 ¹	344,015 ¹	312,532 ¹	266,955 ¹
Invested assets (CHF billion)	2,174	3,189	2,989	2,652	2,217
Personnel (full-time equivalents)
Switzerland	26,406	27,884	27,022	26,029	25,990
United Kingdom	7,071	8,813	8,243	7,135	7,180
Rest of Europe	4,817	4,776	4,338	3,759	3,461
Middle East / Africa	145	139	102	112	107
United States	27,362	29,921	29,076	25,999	25,180
Rest of Americas	1,984	2,054	1,743	1,137	1,051
Asia Pacific	9,998	9,973	7,616	5,398	4,438
Total	77,783	83,560	78,140	69,569	67,407
Long-term ratings ²
Fitch, London	A+	AA	AA+	AA+	AA+
Moody's, New York	Aa2	Aaa	Aa2	Aa2	Aa2
Standard & Poor's, New York	A+	AA	AA+	AA+	AA+
1 The calculation prior to 2008 is based on the Basel I approach. 2 Refer to the "Credit risk" section of this report for information about the nature of these ratings.

Income statement data
	For the year ended
CHF million, except where indicated	31.12.08	31.12.07	31.12.06	31.12.05	31.12.04
Interest income	65,679	109,112	87,401	59,286	39,228
Interest expense	(59,687)	(103,775)	(80,880)	(49,758)	(27,484)
Net interest income	5,992	5,337	6,521	9,528	11,744
Credit loss (expense) / recovery	(2,996)	(238)	156	375	241
Net interest income after credit loss (expense) / recovery	2,996	5,099	6,677	9,903	11,985
Net fee and commission income	22,929	30,634	25,456	21,184	18,310
Net trading income	(25,820)	(8,353)	13,743	8,248	5,098
Other income	692	4,341	1,608	1,135	875
Total operating income	796	31,721	47,484	40,470	36,268
Total operating expenses	28,555	35,463	33,365	28,533	26,840
Operating profit from continuing operations before tax	(27,758)	(3,742)	14,119	11,937	9,428
Tax expense	(6,837)	1,369	2,998	2,270	2,073
Net profit from continuing operations	(20,922)	(5,111)	11,121	9,667	7,355
Net profit from discontinued operations	198	403	899	4,526	629
Net profit	(20,724)	(4,708)	12,020	14,193	7,984
Net profit attributable to minority interests	568	539	493	661	454
Net profit attributable to UBS shareholders	(21,292)	(5,247)	11,527	13,532	7,530
Cost / income ratio (%) ¹	753.0	111.0	70.5	71.2	74.5
Per share data (CHF)
Basic earnings per share ²	(7.69)	(2.42)	5.19	5.98	3.25
Diluted earnings per share ²	(7.69)	(2.43)	4.99	5.74	3.10
Operating profit before tax per share	(10.02)	(1.73)	6.36	5.27	4.07
Cash dividends declared per share (CHF) ^3,4	N/A	N/A	2.20	1.60	1.50
Cash dividend declared per share (USD) ^3,4	N/A	N/A	1.83	1.26	1.27
Dividend payout ratio (%) ^3,4	N/A	N/A	42.4	26.8	46.2
Rates of return (%)
Return on equity attributable to UBS shareholders ⁵	(58.7)	(10.9)	25.7	36.7	23.1
Return on average equity	(60.6)	(10.6)	24.0	34.4	21.3
Return on average assets	(0.9)	(0.2)	0.5	0.7	0.4
1 Operating expenses / operating income before credit loss expense. 2 For EPS calculation, refer to Note 8 in the Financial Statements. 3 Additionally, in July 2006, a par value reduction of CHF 0.30 (USD 0.24) per share was distributed. Dividends are normally declared and paid in the year subsequent to the reporting period. 4 For the business year 2007 a stock dividend was distributed for which 98,698,754 new shares were issued on 19 May 2008 to UBS shareholders with an exchange ratio of 20:1. 5 Net profit attributable to UBS shareholders / average equity attributable to UBS shareholders less distributions.

Balance sheet data
	For the year ended
CHF million	31.12.08	31.12.07	31.12.06	31.12.05	31.12.04
Assets
Total assets	2,014,815	2,274,891	2,348,733	2,001,099	1,703,647
Due from banks	64,451	60,907	50,426	33,644	35,419
Cash collateral on securities borrowed	122,897	207,063	351,590	288,435	210,606
Reverse repurchase agreements	224,648	376,928	405,834	404,432	357,164
Trading portfolio assets	271,838	660,182	648,346	499,297	389,487
Trading portfolio assets pledged as collateral	40,216	114,190	230,168	154,759	159,115
Positive replacement values	854,100	428,217	292,975	273,889	248,664
Loans	340,308	335,864	297,842	279,910	241,803
Liabilities
Due to banks	125,628	145,762	203,689	124,328	120,026
Cash collateral on securities lent	14,063	31,621	63,088	59,938	51,301
Repurchase agreements	102,561	305,887	545,480	478,508	422,587
Trading portfolio liabilities	62,431	164,788	204,773	188,631	171,033
Negative replacement values	851,864	443,539	297,063	277,770	267,799
Financial liabilities designated at fair value	101,546	191,853	145,687	117,401	65,756
Due to customers	474,774	641,892	555,886	466,907	386,320
Debt issued	197,254	222,077	190,143	160,710	117,856
Equity attributable to UBS shareholders	32,531	36,875	51,037	45,633	35,161

Ratio of earnings to fixed charges

The following table sets forth UBS's ratio of earnings to fixed charges on an IFRS basis for the periods indicated. The ratios are calculated based on earnings from continuing operations. Ratios of earnings to combined fixed charges and preferred stock dividend requirements are not presented as there were no preferred share dividends in any of the periods indicated.
For the year ended
31.12.08	31.12.07	31.12.06	31.12.05	31.12.04
0.53	0.96	1.17	1.23	1.32

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