Board of Directors of UBS AG determines exchange ratio for stock dividend
The Board of Directors of UBS AG has determined an exchange ratio of 20:1 for the stock dividend. Every registered share of UBS AG will be allocated one tradable entitlement. Twenty entitlements will enable the holder to acquire one new registered share of UBS AG for free.
Based on the decision made by the Extraordinary General Meeting on 27 February 2008 to create authorized capital for the distribution of a stock dividend, the Board of Directors of UBS AG has determined the exchange ratio for the stock dividend at 20:1. Every registered share of UBS AG with a nominal value of CHF 0.10 will be allocated one tradable entitlement. Twenty entitlements give the holder the right to receive one new share of UBS AG with a nominal value of CHF 0.10 for free.
Every shareholder holding shares of UBS AG on 25 April 2008 after close of business will receive one tradable entitlement for each share held. The entitlements are expected to be traded on SWX Europe from 28 April 2008 up to and including 9 May 2008. Entitlements held after the entitlement trading period will be automatically exchanged into new shares on or around 15 May 2008 at the ratio of 20:1. The first trading day of the new shares created as a result of the stock dividend is expected to be 19 May 2008.