UBS's share price will reflect a 2-for-1 share split when trading on the Swiss Exchange starts today, bringing its level more in line with other major companies listed on international financial markets. Because of the split, UBS's share price will open at roughly half Friday's closing level of CHF 132.60. With the split, shareholders will receive two new UBS shares for every old share they held on Friday (7 July 2006).

UBS's opening share price will also reflect a par value repayment of CHF 0.60 per share (pre-split). Investors who held UBS shares last Friday will receive the payment on Wednesday (12 July 2006). As announced previously, this will allow UBS shareholders to benefit from the sale of Private Banks & GAM in 2005. The repayment is exempt from Swiss withholding tax. The par value of UBS shares following both the split and the repayment will be CHF 0.10 each.

UBS shares have new security numbers. They are:

New York / Zurich, 10 July 2006
UBS