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Sir David King joins UBS as Senior Scientific Advisor

London | | Media Releases EMEA

In 2005, around 1.57 billion Asians lived in urban areas. However, by 2030, the United Nations estimates that 2.67billion Asians will live in cities. The first of UBS's new Q-SeriesĀ® reports entitled, Asian Structural Themes, identifies urbanisation as one of the biggest and broadest structural issues affecting the region. It examines eight investible urbanisation themes and identifies the sectors and stocks likely to be the key beneficiaries.

UBS announced today the appointment of Sir David King, the UK Government's former Chief Scientific Advisor and Head of the Government Office for Science. Sir David joins UBS as a Senior Scientific Advisor, based in London. He will advise UBS and its clients on all scientific matters with particular emphasis on global climate change.

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Chris Cockerill

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Angel Yeung

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Sir David stepped down at the end of 2007 after seven years as Chief Scientific Advisor to the UK government. He is Director of the newly formed Smith School of Enterprise and the Environment at Oxford University; Director of the Surface Science Research Group at the Department of Chemistry at the University of Cambridge and a Fellow of Queens' College. Sir David has founded two research centres, the Leverhulme Centre for Innovative Catalysis at Liverpool in 1987 and the Unilever Cambridge Centre for Molecular Informatics in 1998. In 2002, he was awarded the Rumford Medal by The Royal Society.

Commenting on Sir David's appointment Lord Waldegrave of North Hill, UBS Vice Chairman Investment Banking, said:

"We are absolutely delighted that Sir David will be working with us at UBS. The Group takes its own environmental responsibilities very seriously, and will benefit from his advice. Equally, we have many clients globally who will be delighted to tap in to Sir David's internationally respected expertise not only on issues of climate change, but on other scientific matters."

UBS's Commitment to the Environment

Detailed information can be found at www.ubs.com/environment or pages 69-84 of our recent annual report, available at www.ubs.com/investors

UBS was one of the first signatories of the United Nations Environment Program's Bank Declaration (UNEP) in 1992, which committed the firm to integrating appropriate environmental measures within its activities. Today, the efforts of UBS to protect the environment, which started in the 1970s, have grown into a welldeveloped, global environmental management system certified to the ISO 14001 standard covering banking activities and in-house operations.

UBS considers efficient and sustainable management of the firm's energy requirements, and the measures it is taking to reduce its carbon emissions, as an important factor in being a responsible corporation. With this in mind, the firm set a target in February 2006 to reduce its carbon emissions in 2012 by 40% from 2004 levels. UBS acknowledges that climate change represents one of the most significant environmental challenges of current times. To support its clients in responding to these challenges, UBS incorporates climate change issues into its research, advisory services and product offerings.