UBS AG announces today that it has sold its investment of approximately 3.4 billion Bank of China Limited H-shares through a placing to institutional investors.

UBS acquired the approximately 3.4 billion Bank of China H-shares stake in 2005 in preparation for Bank of China's IPO to the international market.

UBS remains committed to its business relationship with Bank of China and to its businesses in China as a whole, where UBS will continue to develop its already strong client franchise.