02/07/2008

ÐÇ¿ÕÎÞÏÞ´«Ã½ presents its detailed proxy analysis of the items on the agenda of the UBS Extraordinary General Meeting to be held on 27 February 2008.

ÐÇ¿ÕÎÞÏÞ´«Ã½' voting recommendations are the following:

  1. Special Audit Requested by ÐÇ¿ÕÎÞÏÞ´«Ã½: FOR
  2. Stock Dividend: FOR
  3. Capital Increase
    • Proposal of the Board (without priority subscription rights): AGAINST
    • Alternative Proposal by Profond (with pre-emptive rights): FOR
It should be noted that the capital increase proposed by the Board needs a 2/3 majority to be approved, as it requires the suppression of the pre-emptive rights of the shareholders. On the contrary, the proposal of Profond to proceed to an ordinary share capital increase with pre-emptive rights requires only a 50% majority.
Given the importance of the issues at stake, ÐÇ¿ÕÎÞÏÞ´«Ã½ urges UBS' shareholders to participate or to be represented at this Extraordinary General Meeting. The shareholders that wish to appoint ÐÇ¿ÕÎÞÏÞ´«Ã½ as their proxy (free of charge) should fill-in the «Enclosure 1» which they received with the invitation to the general meeting as follows:
  1. Tick the box «We would like to order an admission card in the name of our proxy as follows:»
  2. Add the name of the proxy: ÐÇ¿ÕÎÞÏÞ´«Ã½ Foundation, PO Box, 1211 Geneva 1
  3. Tick the box «Please send this admission card to our proxy»
The Enclosure 1 should be signed and sent to UBS in the enclosed envelope.
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