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Thomas C. Mazzucco joins UBS as Global Head of Internet Investment Banking

New York Media Releases Americas

UBS announced today that Thomas C. Mazzucco has joined UBS as a Managing Director and Global Head of Internet Investment Banking. Mr. Mazzucco is based in San Francisco reporting to Ian Pereira and Brian Webber, Joint Heads of Americas Technology Investment Banking.

In his new role, Mr. Mazzucco is primarily responsible for the coverage of Internet intensive companies and will work closely with David Higley, Managing Director (based in San Francisco and Los Angeles), who will continue as Global Head of Digital Media and be primarily responsible for interactive entertainment, consumer software and related technologies.

Mr. Mazzucco joins UBS from Lehman Brothers where he was a Managing Director and Head of Internet Investment Banking. Prior to joining Lehman Brothers, Mr. Mazzucco was a Managing Director in the Global Technology and Industries Groups at Merrill Lynch where he joined in 1988.

"Brian and I are both looking forward to Tom and David building the Internet and Digital Media investment banking franchise here at UBS" added Pereira. "We are confident that Tom's expertise will be valued by clients and will be a tremendous boost to our existing Internet and Digital Media efforts. "

"Tom's domain knowledge will also be invaluable to our media and telecommunications clients who are transforming their businesses to capitalize on the tremendous growth of the Internet," added Webber.

Mr. Mazzucco earned his MBA from The Wharton School at the University of Pennsylvania and his BS in Electrical Engineering from Duke University.

UBS is one of the world's leading financial firms, serving a discerning global client base. As an organization, it combines financial strength with an international culture that embraces change. As an integrated firm, UBS creates added value for clients by drawing on the combined resources and expertise of all its businesses. UBS is the world's largest wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. UBS is present in all major financial centers worldwide. It has offices in 50 countries, with about 39% of its employees working in the Americas, 37% in Switzerland, 16% in the rest of Europe and 8% in Asia Pacific. UBS's financial businesses employ more than 70,000 people around the world. Its shares are listed on the SWX Swiss Stock Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).


Kristopher A. Kagel: +1 212-882-5691

New York , June 12, 2006