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UBS Investment Bank Announces the Launch of UBS E-TRACS Exchange Traded Note Platform

New York | | Media Releases Americas

UBS announced today that eight UBS E-TRACS Exchange Traded Notes (ETNs) began trading on NYSE Arca. UBS E-TRACS belong to an innovative class of investment products offering easy access to markets and strategies that had not been readily available to individual investors.

ETNs are primarily used as access products, combining exposure to various markets like futures and commodities with the investment ease of listed securities. These ETNs track the performance of the UBS Bloomberg Constant Maturity Commodity Index (CMCI), the first benchmark commodity index to diversify across both commodities and maturities.

"UBS is thrilled to enter the ETN market with the launch of these eight notes," said Kurt Nelson, Managing Director and Head of ETNs at UBS. "These products offer unique diversification opportunities in a number of commodities, and give accessibility to the UBS Bloomberg CMCI to a broader range of investors."

These first eight products are linked to corresponding UBS Bloomberg CMCI indices. These ETNs trade on NYSE Arca under the following ticker symbols: CMCI Index (UCI), CMCI Agriculture Index (UAG), CMCI Livestock Index (UBC), CMCI Industrial Metals Index (UBM), CMCI Food Index (FUD), CMCI Energy Index (UBN), CMCI Gold Index (UBG), and CMCI Silver Index (USV).

UBS E-TRACs are senior unsecured notes issued by UBS AG, and can be bought and sold through a broker or financial advisor. For more information about UBS E-TRACs, please visit www.ubs.com/e-tracs.


About UBS

UBS is one of the world's leading financial firms, serving a discerning international client base. Its business, global in scale, is focused on growth. As an integrated firm, UBS creates added value for clients by drawing on the combined resources and expertise of all its businesses.

UBS is the leading global wealth manager, a leading global investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking.

UBS is present in all major financial centers worldwide. It has offices in 50 countries, with about 38% of its employees working in the Americas, 33% in Switzerland, 17% in the rest of Europe and 12% in Asia Pacific. UBS's financial businesses employ more than 80,000 people around the world. Its shares are listed on the SWX Swiss Exchange (SWX), the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).


Contacts:

Kelly Smith, UBS Media Relations, New York Tel. +1-212-882 5699


New York, April 4, 2008

UBS