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 29 February 2008 the noon buying rate was 0.9583 USD per 1 CHF.

Year ended 31 December	High	Low	Average rate ¹(USD per 1 CHF)	At period end
2003	0.8189	0.7048	0.7493	0.8069
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
Month	High	Low
September 2007	0.8568	0.8258
October 2007	0.8629	0.8437
November 2007	0.9087	0.8627
December 2007	0.8951	0.8645
January 2008	0.9221	0.8948
February 2008	0.9583	0.9030
1 The average of the noon buying rates on the last business day of each full month during the relevant period.

	For the year ended
CHF million, except where indicated	31.12.07	31.12.06	31.12.05	31.12.04	31.12.03
Income statement data
Interest income	109,112	87,401	59,286	39,228	40,045
Interest expense	(103,775)	(80,880)	(49,758)	(27,484)	(27,784)
Net interest income	5,337	6,521	9,528	11,744	12,261
Credit loss (expense) / recovery	(238)	156	375	241	(102)
Net interest income after credit loss (expense) / recovery	5,099	6,677	9,903	11,985	12,159
Net fee and commission income	30,634	25,456	21,184	18,310	16,484
Net trading income	(8,353)	13,743	8,248	5,098	3,859
Other income	4,332	1,598	1,127	868	295
Income from industrial holdings	268	262	229	188	51
Total operating income	31,980	47,736	40,691	36,449	32,848
Total operating expenses	34,915	33,092	28,048	26,448	25,571
Operating profit from continuing operations before tax	(2,935)	14,644	12,643	10,001	7,277
Tax expense	1,311	2,785	2,465	2,150	1,402
Net profit from continuing operations	(4,246)	11,859	10,178	7,851	5,875
Net profit from discontinued operations	401	891	4,512	619	378
Net profit	(3,845)	12,750	14,690	8,470	6,253
Net profit attributable to minority interests	539	493	661	454	349
Net profit attributable to UBS shareholders	(4,384)	12,257	14,029	8,016	5,904
Cost / income ratio (%) ¹	110.3	69.7	70.1	73.2	76.8
Per share data (CHF)
Basic earnings per share ²	(2.28)	6.20	6.97	3.89	2.72
Diluted earnings per share ²	(2.28)	5.95	6.68	3.70	2.59
Operating profit before tax per share	(1.52)	7.41	6.28	4.86	3.35
Cash dividends declared per share (CHF) ^3,4	N/A	2.20	1.60	1.50	1.30
Cash dividend declared per share (USD) ^3,4	N/A	1.83	1.26	1.27	1.00
Dividend payout ratio (%) ^3,4	N/A	35.5	23.0	38.6	47.8
Rates of return (%)
Return on equity attributable to UBS shareholders ⁵	(9.4)	28.2	39.7	25.8	18.0
Return on average equity	(9.1)	26.3	37.2	23.8	16.9
Return on average assets	(0.16)	0.52	0.68	0.44	0.38
1 Operating expenses / operating income before credit loss expense for Financial Businesses. 2 For EPS calculation, see Note 8 to 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 The Board of Directors has proposed to the Extraordinary Meeting of Shareholders on 27 February 2008 to create authorized capital up to a maximum of 5% of the current share capital (103.7 million new shares) to replace the cash dividend for the business year 2007 with a stock dividend. The issuance of shares and the final exchange ratio for the entitlement to the stock dividend (at least 20:1) will be determined by the Board of Directors on 23 April 2008. 5 Net profit attributable to UBS shareholders / average equity attributable to UBS shareholders less distributions.

CHF million, except where indicated	31.12.07	31.12.06	31.12.05	31.12.04	31.12.03
Balance sheet data
Total assets	2,272,579	2,346,362	1,998,455	1,701,258	1,539,841
Equity attributable to UBS shareholders	35,585	49,686	44,015	33,632	33,350
Average equity to average assets (%)	1.74	1.96	1.83	1.87	2.25
Market capitalization	108,654	154,222	131,949	103,638	95,401
Shares
Registered ordinary shares	2,073,547,344	2,105,273,286	2,177,265,044	2,253,716,354	2,366,093,528
Treasury shares	158,105,524	164,475,699	208,519,748	249,326,620	273,482,454
BIS capital ratios
Tier 1 (%)	8.8	11.9	12.8	11.8	11.8
Total BIS (%)	12.0	14.7	14.1	13.6	13.4
Risk-weighted assets	372,298	341,892	310,409	264,832	252,398
Invested assets (CHF billion)	3,189	2,989	2,652	2,217	2,098
Personnel Financial Businesses (full-time equivalents)
Switzerland	27,884	27,018	26,028	25,987	26,660
Rest of Europe / Middle East / Africa	13,728	12,687	11,007	10,751	9,888
Americas	31,975	30,819	27,136	26,231	25,508
Asia Pacific	9,973	7,616	5,398	4,438	3,823
Total	83,560	78,140	69,569	67,407	65,879
Long-term ratings ¹
Fitch, London	AA	AA+	AA+	AA+	AA+
Moody's, New York	Aaa	Aa2	Aa2	Aa2	Aa2
Standard & Poor's, New York	AA	AA+	AA+	AA+	AA+
1 See the "Capital management" section in Risk, Treasury and Capital Management 2007 for information about the nature of these ratings.

Balance Sheet Data
CHF million	31.12.07	31.12.06	31.12.05	31.12.04	31.12.03
Assets
Total assets	2,272,579	2,346,362	1,998,455	1,701,258	1,539,841
Due from banks	60,907	50,426	33,644	35,419	31,959
Cash collateral on securities borrowed	207,063	351,590	288,435	210,606	206,519
Reverse repurchase agreements	376,928	405,834	404,432	357,164	320,499
Trading portfolio assets	610,061	627,036	499,297	389,487	354,558
Trading portfolio assets pledged as collateral	164,311	251,478	154,759	159,115	120,759
Positive replacement values	428,217	292,975	273,889	248,664	234,015
Loans	335,864	297,842	279,910	241,803	220,083
Liabilities
Due to banks	145,762	203,689	124,328	120,026	129,084
Cash collateral on securities lent	31,621	63,088	59,938	51,301	48,272
Repurchase agreements	305,887	545,480	478,508	422,587	415,863
Trading portfolio liabilities	164,788	204,773	188,631	171,033	143,957
Negative replacement values	443,539	297,063	277,770	267,799	240,577
Financial liabilities designated at fair value	191,853	145,687	117,401	65,756	35,286
Due to customers	641,892	555,886	466,907	386,320	351,583
Debt issued	222,077	190,143	160,710	117,856	88,874
Equity attributable to UBS shareholders	35,585	49,686	44,015	33,632	33,350

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
31.12.07	31.12.06	31.12.05	31.12.04	31.12.03
0.97	1.17	1.24	1.34	1.24

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