UBS AG: Changes to the UBS Board of Directors

  UBS AG: Changes to the UBS Board of Directors

UK Regulatory Announcement

ZURICH, Switzerland

Changes to the UBS Board of Directors

Reto Francioni to be nominated for election to the UBS Board of Directors at
the forthcoming Annual General Meeting. Wolfgang Mayrhuber will not stand for
re-election

The UBS Board of Directors announced today that it will nominate Reto
Francioni for election to the Board at the Annual General Meeting of
Shareholders on 2 May 2013. Wolfgang Mayrhuber has announced his decision not
to stand for re-election to the Board of Directors at the firm's Annual
General Meeting of Shareholders.

Reto Francioni has been CEO of Deutsche Börse AG since 2005. Prior to this, he
held various executive positions: among others, he was Chairman of the Swiss
Exchange in Zurich (SWX Group), co-CEO of Consors AG, Nuremberg, as well as a
member of the directorate of the corporate finance division of Hoffmann-La
Roche, Basel. He worked for Credit Suisse in New York and elsewhere. He
started his career at UBS in Zurich. He holds a PhD in law, and is professor
of applied capital markets theory at the University of Basel. Reto Francioni
is a Swiss citizen and was born in Zurich on 18 August 1955. He is married and
has two grown-up children.

UBS Chairman Axel Weber commented: "On behalf of the Board of Directors, I
would like to express my gratitude to Wolfgang for his dedication and
commitment to UBS and for the outstanding expertise he brought to the firm as
a member of the Board, Chair of the Corporate Responsibility Committee and
member of the Human Resources and Compensation Committee. At the same time I
am very pleased to announce the nomination of Reto Francioni for election to
the Board. He is an internationally acknowledged expert with a long track
record in international capital markets and banking. Subject to his election,
we are convinced Reto will further strengthen the Board by bringing invaluable
experience and insights to the firm."

UBS's 2013 Annual General Meeting of Shareholders will take place on 2 May in
the Zurich Hallenstadion.

Reto Francioni holds the following mandates outside Deutsche Börse Group:

• Shanghai International Financial Advisory  beginning March 2013
Committee
• Moscow International Financial Center       Member of the Advisory Board
(MIFIC)
• Instituto de Empresa                        Member of the International
                                              Advisory Board
• VHV Insurance                               Member of the Strategic Advisory
                                              Group
• Goethe Business School                      Member of the Board of Trustees
• Deutsches Aktieninstitut                    Vice President

Investor contact
Switzerland: +41-44-234 41 00
or
Media contact
Switzerland: +41-44-234 85 00
UK: +44-207-567 47 14
Americas: +1-212-882 58 57
APAC: +852-297-1 82 00
www.ubs.com

Contact:

UBS AG
 
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