Public offering Important legal information

The information contained on the following web pages is intended exclusively for Australian, Canadian, German and Swiss residents who are physically located in Australia, Canada, the Federal Republic of Germany or Switzerland, respectively. The information contained in the following web pages is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of securities described therein or any other securities in Australia or Canada. No securities commission or similar authority in Australia or Canada has reviewed or in any way passed upon this document or the merits of the securities described therein, and any representation to the contrary is an offence. Any offer or invitation of securities in Australia will be made only pursuant to an exemption from the disclosure provisions under the Corporations Act 2001 (Cwlth). The following information does not constitute an offer to sell or an invitation to buy securities of UBS AG in any other country. Securities may not be offered or sold in the United States of America (the "U.S.") or to U.S. persons absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The information contained on the following web pages may not be distributed in the U.S.

The above legend is required by the securities laws of the U.S. and other countries. Please confirm that you have read the complete legend and accept its terms: