Extraordinary General Meeting 2008

Minutes

Item 1: Election of New Members of the Board of Directors

The Board of Directors takes note of the resignation of Stephan Haeringer, Rolf Meyer, Peter Spuhler and Lawrence Weinbach from the Board of Directors of UBS on the day of the Extraordinary General Meeting of the 2 October 2008. The Chairman expresses his gratitude to the resigning Board Members and wishes them all the best for the future.

Item 1.1.: Election of Sally Bott
The Board of Directors proposes that Sally Bott be elected as an independent member to the Board of Directors for a term of office to expire at the 2009 Annual General Meeting. It intends to appoint Sally Bott to the Human Resources and Compensation Committee. Sally Bott introduces herself in a short video portrait.

After the portrait is shown the Chairman opens up the discussion to item 1.1. Six speakers comment generally on the significance of Board Members, on their election, the qualification of the candidate, her introduction as well as the compensation policy.

The General Meeting elects Sally Bott as follows:

Item 1.2.: Election of Rainer-Marc Frey
The Board of Directors proposes that Rainer-Marc Frey be elected as an independent member of the Board of Directors for a term of office to expire at the 2009 Annual General Meeting. It intends to appoint Rainer-Marc Frey to the Risk Committee and to the Strategy Committee. Rainer-Marc Frey introduces himself in a short video portrait.

After the portrait is shown the Chairman opens up the discussion to the item. No discussion takes place.

The General Meeting elects Rainer-Marc Frey as follows:

Item 1.3.: Election of Bruno Gehring
The Board of Directors proposes that Bruno Gehrig be elected as an independent member of the Board of Directors for a term of office to expire at the 2009 Annual General Meeting. It intends to appoint Bruno Gehrig to the Audit Committee. Bruno Gehrig introduces himself in a short video portrait.

After the portrait is shown the Chairman opens up the discussion to the item. No discussion takes place.

The General Meeting elects Bruno Gehrig as follows:

Item 1.4.: Election of William G. Parrett
The Board of Directors proposes that William G. Parrett be elected as an independent member of the Board of Directors for a term of office to expire at the 2009 Annual General Meeting. It intends to appoint William G. Parrett to the Audit Committee. William G. Parrett introduces himself in a short video portrait.

After the portrait is shown the Chairman opens up the discussion to the item. No discussion takes place.

The General Meeting elects William G. Parrett as follows: