General meetings of shareholders

The general meeting of shareholders is the supreme corporate body.

The Annual General Meeting (AGM) takes place every year within six months after the close of the financial year. Extraordinary general meetings are convened whenever the Board of Directors or the auditors consider it necessary.

The general meeting has the following powers: It approves changes to the Articles of Association, elects the members of the Board of Directors and the auditors. In addition, shareholders approve the annual report, the Group and Parent Bank accounts and decide on the appropriation of results.

The AGM approves the discharge of the members of the Board of Directors and the Group Executive Board and decides on all matters reserved to the general meeting by law or by the Articles of Association, or which are submitted to the AGM by the Board of Directors.

Annual General Assembly of UBS Group AG and UBS AG on
7 May 2015