To provide additional time for clients to respond, UBS has extended the
acceptance period for its Auction Rate Securities (ARS) Rights Offer
until 5:00 p.m., Eastern time, on December 19, 2008, unless extended
further. More than 94% of the market value of ARS Rights Series A, 96%
of Series B, 90% of Series C and 97% of Series G have been accepted by
clients since the offer period began on October 7, 2008.
Eligible clients who accept UBS’s ARS Rights
Offer may continue to hold their securities or sell them to UBS at par
at any time during specific exercise periods, which are determined by
the types of clients and the sizes of their corresponding marketing
households. Complete details of the Rights Offer are available in the
prospectus that was delivered to eligible clients at the beginning of
the offer.
The Rights are for ARS that were not successfully clearing at auction
from August 8, 2008, to October 7, 2008, and were either:
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1)
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Purchased between October 1, 2007, and February 13, 2008, and
transferred to another firm prior to February 13, 2008, or
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2)
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Held in a UBS account on February 13, 2008, or transacted in an
execution account at UBS but custodied away from UBS (also known as
Delivery vs. Payment, or DVP, account) for which UBS had bidding
rights.
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UBS clients – individuals, charities,
government entities, small businesses, corporations and institutions –
with ARS who are eligible to receive UBS’s ARS
Rights were sent personalized notifications from UBS by mail following
the beginning of the offer on October 7, 2008.
UBS is one of the world’s leading financial
firms, serving a discerning international client base. UBS is a leading
global wealth manager, a leading global investment banking and
securities firm, and one of the largest global asset managers. In
Switzerland, UBS is the market leader in retail and commercial banking.
UBS is present in all major financial centers worldwide. It has offices
in over 50 countries, with about 37% of its employees working in the
Americas, 34% in Switzerland, 16% in the rest of Europe and 13% in Asia
Pacific. UBS employs more than 75,000 people around the world. Its
shares are listed on the SIX Swiss Exchange, the New York Stock Exchange
(NYSE) and the Tokyo Stock Exchange (TSE).
UBS AG has filed a registration statement (including a prospectus) with
the SEC for the offering to which this communication relates. Before you
make an investment decision, you should read the prospectus in that
registration statement and other documents that UBS has filed with the
SEC for more complete information about UBS and this offering. You may
get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov
or by calling UBS’s ARS Client Service Center
at +1-800-253-1974.
UBS AG
Kris Kagel, +212-882-5691
Kris.kagel@ubs.com
www.ubs.com
