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UBS to launch innovative investment fund that combines the advantages of structured products and investment funds: UBS (Lux) Structured Sicav - Optimisation (CHF/EUR) B

Zurich / Basel Media Releases EMEA

UBS is to offer an innovative fund that combines the advantages of structured products and investment funds: UBS (Lux) Structured Sicav - Optimisation (CHF) B and UBS (Lux) Structured Sicav - Optimisation (EUR) B. The subscription period will start on 2 July 2007 and end on 16 August 2007. The minimum investment is CHF 150 or EUR 150. The payment date is 21 August 2007.

The UBS Optimisation Fund offers potentially attractive returns in sideways markets via an annual coupon that is reset each year. The advantage is that investors know in advance what coupon they will receive. Additionally, the new fund incorporates conditional downside protection and stringent diversification. The fund is suitable for investors with a moderate-to-high equity-like risk tolerance level.

According to its investment strategy, the UBS Optimisation Fund gives investors exposure to a minimum of 25 structured products based on underlying equities that are carefully selected by UBS specialists. As a result, investors benefit from a diversified portfolio that reduces the specific risk of a single structured product.

The coupons are dependent on market conditions and will be set prior to launch. The indicative coupons are 7% in CHF and 8.5% in EUR for the first year. The coupon will be reset each subsequent year, depending on market conditions. In return for the annually fixed coupon and conditional downside protection, investors are ready to give up a higher return potential in strongly rising markets and accept potential downside equity risk in strongly falling markets.

UBS-Fund characteristics:

Fund name

UBS (Lux) Structured Sicav - Optimsation (CHF) B
UBS (Lux) Structured Sicav - Optimisation (EUR) B

Securities no. / ISIN no.

UBS Optimisation CHF B
2867705 / LU0283561537

UBS Optimisation EUR B
2867711 / LU0283562345

Fund domicile

Luxembourg

Portfolio management

UBS Global Asset Management

Investment company

UBS (Lux) Structured Sicav

Launch date

16 August 2007

Currency of account

CHF / EUR

Accounting year ends

31 August

Subscriptions/Rendemptions

daily

Minimum investment

150 CHF, 150 EUR

Withholding tax / tax at source

unaffected

All-in fee

1.80% p.a.

Issuing commission

1%

Next distribution

16 August 2008

Prospectuses as well as annual and semi-annual reports of UBS funds are available free of charge from UBS AG, P.O. Box, CH-4002 Basel or UBS Fund Management (Switzerland) AG, P.O. Box, CH-4002 Basel. Units of the investment funds addressed in this publication may not be offered, sold or delivered in the United States. The details provided in this publication do not constitute an offer. They are for information purposes only. Past performance is no guarantee of future trends. The performance shown does not take account of any commissions and costs charged when subscribing and redeeming units.