Annual General Meeting 2008


Record of resolutions of the Annual General Meeting of UBS AG on Wednesday, April 23, 2008, 10.30 a.m., at St. Jakobshalle, Basel


Chair: 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:
Dr. Matthias Staehelin, notary for the canton of Basel-Land

Scrutineer: 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 decrease: Ernst & Young AG, Basel, represented by Andrew McIntyre and Dr. Andreas Blumer.

The invitation to the General Meeting was published in the Swiss Commercial Gazette on April 1, 2008, and in abridged form in various daily newspapers. In addition, printed copies of the invitation were sent to all shareholders listed in the share register. A revised invitation was posted on our homepage on April 1, 2008. The General Meeting was thus quorate.

A request was received from shareholders to place an item on the agenda pursuant to Art. 699 para. 3 of the Swiss Code of Obligations and Article 12 of the UBS Articles of Association:
On February 25, 2008, Profond pension fund ("Profond") submitted a proposal for an ordinary capital increase with subscription rights.

Voting on all items on the agenda was conducted electronically.

at 10.33 a.m. 4,211 shareholders were present, representing 680,142,555 votes (48.03% of shares eligible to vote), of which

Agenda items