Record of resolutions of the Annual General Meeting of UBS AG, held in the Schluefweg Stadium, Kloten, ZH, at 2.30 p.m. on Thursday, 21 April 2005.
Chairman: Marcel Ospel, Chairman of the Board of Directors (Alberto Togni for Item 4.1.1.)
Minutes: Gertrud Erismann-Peyer, Secretary to the Board of Directors
Notary providing official certification of the passed resolution in respect of the amendment to the Articles of Association: Pascal Hensch, Notary, Bassersdorf ZH
Vote count: BDO Visura, Solothurn
Independent proxy pursuant to Art. 689c of the Swiss Code of Obligations: Treuhandgesellschaft Altorfer Duss & Beilstein, Zurich.
Group and Statutory Auditors, also acting as qualified auditors in respect of the proposed capital reduction: Ernst & Young AG, Basel, represented by Roger Perkin and Andreas Blumer.
The Invitation to the Annual General Meeting was published in the Swiss Commercial Gazette and various daily newspapers on 17 March 2005. In addition, printed copies of the invitation were sent to shareholders listed in the Share Register.
As such the Annual General Meeting was quorate.
No requests for including items on the agenda were received from shareholders pursuant to Art. 699 para. 3 of the Swiss Code of Obligations and Article 12 of the Articles of Association of UBS.
Voting on all items on the agenda was carried out electronically.
Attendance: At 2.35 p.m., 2'321 shareholders were present, representing 265,717,730 votes (45.45% of shares with voting rights). Votes were represented as follows:
In its capacity as corporate and custody proxy, UBS represented a total of
The meeting closed at 6.40 p.m.
Zurich, 25 April 2005
On behalf of the Board of Directors: