Investor releases

UBS Completes Acquisition of McDonald Investments Private Client Branch Network

Zurich/New York Investor Releases

UBS announced today that it has completed the acquisition of the branch network of McDonald Investments, a unit of KeyCorp. The transaction was announced on September 6, 2006.

Beginning next week, McDonald Investments branch offices will be renamed and integrated into UBS Wealth Management US throughout the Northeast, Midwest, Rocky Mountain and Northwest states. The network includes the offices of Gradison and Gradison Asset Management.