Property, Plant and Equipment
At 31 December 2007, UBS Financial Businesses operated about 1,173 business and banking locations worldwide, of which about
37% were in Switzerland, 48% in the Americas, 11% in the rest of Europe, Middle East and Africa and 4% in Asia-Pacific. 16%
of the business and banking locations in Switzerland were owned directly by UBS, with the remainder, along with most of UBS's
offices outside Switzerland, being held under commercial leases.
At 31 December 2007, the Industrial Holdings segment operated about 17 business locations worldwide, of which 94% were in
the Americas and 6% in Asia-Pacific. 94% of the business locations worldwide were held under commercial leases.
These premises are subject to continuous maintenance and upgrading and are considered suitable and adequate for current and
anticipated operations.