Swiss Banking News: August 2009

19.08.2009 The Swiss Confederation published an announcement regarding conversion of UBS mandatory convertible notes and placement of shares, where informed about its intention to convert all CHF 6 billion of its holding of UBS Mandatory Convertible Notes due 2011 (MCNs). Upon conversion of the MCNs, UBS will issue 332,225,913 new shares with a nominal value of CHF 0.10 each from existing conditional capital. As a result, the share capital of UBS will increase from CHF 322,583,859.90 to CHF 355,806,451.20. Conversion and the capital increase are expected to take place on 25 August 2009.