Changes to the UBS Board of Directors

Regulatory News:

The UBS Board of Directors will nominate Beatrice Weder di Mauro and Isabelle Romy for election as new members of the Board at the Annual General Meeting of Shareholders on 3 May 2012. Bruno Gehrig, along with Kaspar Villiger, will not stand for reelection.

Beatrice Weder di Mauro, born in 1965, has been a professor of economics, economic policy and international macroeconomics at the Johannes Gutenberg University of Mainz since 2001. Since 2004 she has been a member of the German Council of Economic Experts. Between 1994 and 1997 she was an economist for the World Bank and the International Monetary Fund (IMF) in Washington, and since 2010 she has been a member of the European Advisory Group of the IMF.

Isabelle Romy, born in 1965, is a partner at the Swiss law firm Niederer Kraft & Frey, which is based in Zurich and active internationally. She specializes in international litigation and arbitration. In addition, she has been an associate professor at the University of Fribourg and at the Federal Institute of Technology in Lausanne (EPFL) since 1996. Between 2003 and 2008, she served as a deputy judge at the Swiss Federal Supreme Court. Since 2002 she has been a member of the Sanction Commission of the SIX Swiss Exchange and has been its Vice-Chairman since 2008.

UBS Board Chairman Kaspar Villiger commented "I thank Bruno Gehrig for his commitment to, and the valuable expertise he displayed while serving in, the UBS Board. At the same time I am pleased to propose to shareholders two internationally recognized personalities in Beatrice Weder di Mauro and Isabelle Romy, both of whom are highly regarded even outside expert circles, for election to the Board. I am convinced that the valuable experience they have gained in the economic and legal spheres will enrich the Board and prove advantageous to UBS."

Axel Weber, who supports both nominations, will, subject to election to the Board, take over as Chairman as was already communicated on 15 November 2011.

UBS's 2012 Annual General Meeting will take place on 3 May in the Zurich Hallenstadion.

Beatrice Weder di Mauro

Beatrice Weder di Mauro is an expert in macroeconomics and international capital markets research. She was the first woman to become a member of the German Council of Economic Experts. She was born on 3 August 1965 and is a Swiss and Italian citizen.

Professional experience and education

Important mandates

Isabelle Romy

Isabelle Romy is professor of law and partner in one of Switzerland's most renowned law firms. Her practice focuses on international litigation and arbitration. In her career she has advised Swiss companies, in particular banks, on private international law and judicial assistance issues in trans-national civil proceedings. She regularly acts as an expert witness on various Swiss law issues. She was born on 4 January 1965 and is a Swiss citizen.

Professional experience

Education