Extraordinary General Meeting 2008

Minutes

Item 2: Amendments to the Articles of Association

Adjustment to the new UBS corporate governance effective as of 1 July 2008 (Title of Article 20, Articles 20 para. 1, 21 para. 2, 24 lit. e, 29 and 30 of the Articles of Association)

As of 1 July 2008 UBS has implemented new organisational regulations regarding its corporate governance. The new model clarifies the separation of responsibilities between the Board and the Group Executive Board and abolishes the Chairman's Office.

The Board of Directors proposes to adjust the Articles of Association to the new UBS corporate governance

Two speakers involve in a short discussion. The General Meeting approves the motion of the Board of Directors.

Votes cast

937,793,494

Absolute majority

468,896,748

Votes in favor

930,950,490

Votes against

2,150,052

Abstentions

4,692,952

The notary, Dr Matthias Staehelin from M√ľnchenstein, will provide official certification of the resolutions passed in respect of the amendments to the Articles of Association.

The meeting closes at 14.31 p.m.


Basel, 2 October 2008


On behalf of the Board of Directors:

Peter Kurer, Chairman
Luzius Cameron, Company secretary