UBS News Alert

June 2008

  1. UBS Wealth Management Americas Continues To Offer Municipal Securities Products To Clients.UBS announced today that it will close its Investment Bank's institutional municipal securities business through an orderly wind-down. UBS Wealth Management Americas will continue to be a leading provider of municipal securities products to private clients by assuming responsibility for secondary trading efforts, introducing an open architecture platform for new issues and expanding its municipal research team.

May 2008

  1. The Board of Directors of UBS AG has determined the final terms of the public offering of 760,295,181 new shares, which will be subject to the subscription rights of existing shareholders (the "rights issue"). The rights issue was fully underwritten by a syndicate of banks on 1 April 2008 and the related capital increase was authorized by the shareholders of UBS AG on 23 April 2008.Shareholders will be allotted one subscription right for each existing share held. The exercise of 20 subscription rights will entitle the holder to subscribe for 7 new shares at a subscription price of CHF 21.00 per new share.
  2. UBS has continued its commitment to Asian golf, announcing contract extensions for its two flagship tournaments that will take partnerships in key markets Hong Kong and Japan into 2009.

April 2008

  1. Peter Kurer is nominated for election to the Board and is proposed as Chairman.
  2. Fully underwritten rights issue of approximately CHF 15 billion to strengthen Tier 1 capitalCreation of separate unit to manage selected US real estate related positionsMarcel Ospel not to seek re-election at Annual General Meeting, to be succeeded as Chairman by Peter Kurer (separate media release)

March 2008

  1. UBS is today publishing its latest annual report - a set of four themed reports providing comprehensive information on UBS, its business, governance and financial performance. The report is available at www.ubs.com/annualreporting.

February 2008

  1. The Board of Directors of UBS will propose to the Annual General Meeting that the terms of office of Board members be reduced to one year. Marcel Ospel, Peter Voser and Larry Weinbach will be proposed for re-election for a one-year term. Sergio Marchionne is appointed non-executive Vice Chairman of the Board of Directors. Peter Voser will take over as Chairman of the Audit Committee from Larry Weinbach.

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