UBS COMMENTS ON REPORTED SEARCHES AT HOMES OF CLIENTS (GER, ENG)

     (The following press release from UBS was received by e-mail. It was not 
confirmed by the sender.) 
TO THE NEWS WIRES 
According to media Bochums prosecutor's office confirms searches at homes of 
UBS clients in Germany. 
This is the official UBS position. 
Zur Lösung der Altgelderfrage hat UBS mehrfach klar gemacht, dass wir die 
Abgeltungssteuer in der vorliegenden Fassung voll und ganz unterstützen. UBS 
unterstützt klar das Anliegen zur Steuerehrlichkeit bei Deutschen Kunden. UBS 
hat 2009 das grenzüberschreitende Geschäft einer genauen Prüfung unterzogen und 
die Regeln wo nötig angepasst. Wer sich bei UBS nicht an die Regeln hält wird 
sanktioniert, bis hin zu Entlassung. 
************** 
With regard to legacy assets, UBS made it clear repeatedly that it fully 
supports the abolition tax treaty in its present draft. UBS fully supports the 
concern for German clients to be tax compliant. In 2009, UBS undertook a 
thorough scrutiny of it cross-border business and adapted the rules where 
necessary. UBS takes disciplinary action against any employee who commits 
infractions against these rules, up to dismissal. 
Kind regards 
UBS Media Relations
Tel. +41 44 234 85 00
mediarelations@ubs.com<mailto:mediarelations@ubs.com>