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UBS publishes 2007 annual report

Zurich / Basel Price Sensitive Information

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

UBS has changed the structure of its annual report for the 2007 financial reporting period. Based on feedback from users, the annual report now consists of four themed reports. These combine audited and non-audited information and comply with the US disclosure requirements for foreign private issuers as defined by Form 20-F of the Securities and Exchange Commission (SEC). They replace the former Financial Report, the Handbook and the Compensation Report.

The four reports are:

Strategy, Performance and Responsibility 2007
This provides a description of UBS, its strategy, organizational structure and financial performance for the last two years. It also discusses UBS's standards for corporate behavior and responsibility, outlines demographic trends in its workforce and describes how personnel are managed and developed.

Risk, Treasury and Capital Management 2007
In addition to outlining the principles by which UBS manages and controls risk, this report provides an account of developments in credit risk, market risk, operational risk and treasury management during 2007. It also provides information on UBS shares.

Corporate Governance and Compensation Report 2007
Extensive information on UBS's governance arrangements is included in this report, which also explains how UBS manages its relationships with regulators and shareholders. Compensation of senior management and the Board of Directors (executive and non-executive members) is discussed here.

Financial Statements 2007
This comprises the audited financial statements of UBS for 2007, 2006 and 2005, prepared according to the International Financial Reporting Standards (IFRS). It also includes the audited financial statements of UBS AG (the parent bank) for 2007 and 2006, prepared according to Swiss banking law. Additional disclosure required by Swiss and US regulations is included where appropriate.

UBS will also file its annual report on Form 20-F with the US SEC today. The Form 20-F filing contains UBS's complete audited financial statements, in addition to other information, and will be available for viewing and downloading at

Hard copies of UBS's annual report will be available from 25 March 2008 onwards and can be requested, free of charge, by contacting UBS - either by telephone, email, online registration via the abovementioned website or in writing - using the contact details below:

Information Center
P.O. Box, CH-8098 Zurich, Switzerland
Tel: +41 44 234 11 11