Extraordinary General Meeting 2008


Record of resolutions of the Extraordinary General Meeting of UBS AG, held in the St. Jakobshalle, Basel, at 10.00 a.m. on Wednesday, 27 February 2008

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: Dr Matthias Staehelin, M√ľnchenstein

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 increase: Ernst & Young Ltd., Basel, represented by Andrew McIntyre und Andreas Blumer.

The invitation to the Extraordinary General Meeting was published in the Swiss Commercial Gazette and various daily newspapers on 1 February 2008. In addition, printed copies of the invitation were sent to all shareholders listed in the Share Register. As such the General Meeting was quorate.

Requests were received from shareholders for the following items to be included on the agenda pursuant to Art. 699 para. 3 of the Swiss Code of Obligations and Article 12 of the Articles of Association of UBS:
On 18 December 2007 Ethos, Swiss Foundation for Sustainable Development, and Pictet Funds SA ("Ethos") submitted a request for information and an application for a special audit. On 10 January 2008 the pension fund Profond ("Profond") submitted a proposal for an ordinary capital increase in the form of a rights issue.

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

At 10.14 a.m. 6,454 shareholders were present, representing 710,145,376 votes (53.78% of shares with voting rights).

Votes were represented as follows:

Agenda items