Annual General Meeting 2007


Record of resolutions of the Annual General Meeting of UBS AG, held in the Hallenstadion, Zurich, at 10.30 a.m. on Wednesday, 18 April 2007

Formal matters

Chairman: Marcel Ospel, Chairman of the Board of Directors
Minutes: Luzius Cameron, Secretary to the Board of Directors

Notary providing official certification of the resolutions passed in respect of amendments to the Articles of Association: D. Allemann, Notary, Zurich ZH

Vote count: BDO Visura, Solothurn

Independent proxy pursuant to Art. 689c of the Swiss Code of Obligations: Altorfer Duss & Beilstein AG, Zurich.

Group and Statutory Auditors, also acting as qualified auditors in respect of the proposed capital reduction: Ernst & Young Ltd., Basel, represented by Andrew McIntyre and Andreas Blumer.

The Invitation to the Annual General Meeting was published in the Swiss Commercial Gazette and various daily newspapers on 22 March 2007. In addition, printed copies of the invitation were sent to all shareholders listed in the Share Register.
As such the Annual General Meeting was quorate.
No requests to include items on the agenda were received from shareholders pursuant to Art. 699 para. 3 of the Swiss Code of Obligations and Article 12 of the Articles of Association of UBS.

Voting on all items on the agenda was carried out electronically.

At 10.31 a.m. 2,536 shareholders were present, representing 566,990,810 votes (46.52% of shares with voting rights). Votes were represented as follows:

Independent proxy

81,692,936 votes

Corporate proxy

392,747,272 votes

Custody proxy

66,766,346 votes

In its capacity as corporate and custody proxy, UBS represented

459,513,618 votes