Investor releases

UBS proposes candidates for election to the Board

Investor Releases

Two candidates will be proposed for election to the UBS Board of Directors at the Annual General Meeting (AGM) on 21 April 2005. The nominees are Peter R. Voser and Marco Suter.

The UBS Board of Directors will propose two new members for election and two current directors for re-election at the Annual General Meeting of Shareholders (AGM) to be held on 21 April 2005 in Kloten / Zurich.

Peter R. Voser, born in 1958, has been Chief Financial Officer (CFO) of The Royal Dutch/Shell Group of Companies, since October 2004, after having been CFO at ABB (Asea Brown Boveri) in Switzerland from March 2002 until September 2004. Before joining ABB, he was employed in various finance and business roles by the Royal Dutch/Shell Group of companies in Switzerland, the UK, Argentina and Chile.

Marco Suter, born in 1958, has been Group Chief Credit Officer of UBS since 1999. He will be proposed as executive member of the Board, replacing Alberto Togni who reaches retirement age and is therefore stepping down from his function. The nomination of Marco Suter was announced in September 2003 and has now been confirmed by the Board.

"Both nominees will add crucial skills to our Board  Marco Suter his in-depth knowledge of banking and specifically of risk control, Peter R. Voser his long-term experience in international financial management", Marcel Ospel, Chairman of the Board of Directors, commented.

The Board of Directors will also ask the AGM to re-elect Chairman Marcel Ospel and Board member Lawrence A. Weinbach, executive chairman of Unisys Corporation, whose terms of office expire at the 2005 AGM.

Zurich/Basel, 15 February 2005