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UBS to Participate in Bank of America Merrill Lynch Financials Conference

^{Published on 2010-09-29 22:21:15 - Market Wire}
 

ZURICH & BASEL, Switzerland--([ BUSINESS WIRE ])--Regulatory News:

John Cryan, Chief Financial Officer of UBS (NYSE:UBS)(SWX:UBSN), will present today at the Bank of America Merrill Lynch financials conference in London. His presentation will include updates on the effects of the Basel III framework. Applying Basel III standards, UBS's June 30, 2010 risk-weighted assets are estimated to be in the range of CHF 400 billion, compared to CHF 205 billion under Basel II. Mitigating steps that UBS plans to take should significantly reduce its risk-weighted assets as calculated under Basel III. Subject to market and business developments and foreign currency fluctuations, UBS believes that its Basel III risk-weighted assets will likely be closer to CHF 300 billion prior to the initial implementation of the new standards. Based on previously announced profitability targets, UBS expects to satisfy the required core capital ratios through retained earnings by 2013.

The full presentation can be found at [ www.ubs.com/presentations ]

UBS

Cautionary statement regarding forward-looking statements

This release contains statements that constitute aforward-looking statementsa as to UBS managementa™s expectations concerning the future development of its risk-weighted assets and core capital ratio under Basel III standards. A number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from UBSa™s expectations. These factors include, but are not limited to: future developments in UBS's business and in the markets in which UBS operates; changes in foreign exchange rates; and possible further regulatory changes affecting the calculation of risk-weighted assets and core capital ratio. In addition, risk-weighted assets, capital ratios and other financial measures could be affected by other factors identified in our past and future filings and reports, including those filed with the US Securities and Exchange Commission (SEC). More detailed information about those factors is set forth in documents furnished by UBS and filings made by UBS with the SEC, including UBSa™s Annual Report on Form 20-F for the year ended 31 December 2009. UBS is not under any obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.