DGAP-Adhoc: UBS AG: UBS announces expected effective date of UBS AG's asset transfer to UBS Switzerland AG

UBS AG  / Key word(s): Bond

09.06.2015 07:51

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


9 June 2015
News Release

UBS announces expected effective date of UBS AG's asset transfer to UBS
Switzerland AG

Zurich/Basel, 9 June 2015 - As previously announced, UBS AG will transfer
its Retail & Corporate and Wealth Management business booked in Switzerland
to UBS Switzerland AG. UBS expects this transfer to become effective on 14
June 2015 (the asset transfer date). UBS may decide to defer the asset
transfer date and, if it does so, will announce such deferral.

Under the terms of the asset transfer agreement, UBS Switzerland AG will be
jointly liable for the contractual obligations of UBS AG existing on the
asset transfer date. Under the Swiss Merger Act, UBS AG will be jointly
liable for obligations existing on the asset transfer date that are
transferred to UBS Switzerland AG. Neither UBS AG nor UBS Switzerland AG
will have any liability for new obligations incurred by the other entity
after the asset transfer date. Accordingly, any new contractual obligations
of UBS AG, including in connection with debt instruments of any kind with a
settlement date occurring only after the asset transfer date, are not
covered by UBS Switzerland AG's contractual joint liability.

UBS Group AG and UBS AG

Investor contact
Switzerland: +41-44-234 41 00

Media contact
Switzerland: +41-44-234 85 00
UK: +44-207-567 47 14
Americas: +1-212-882 58 57
APAC: +852-297-1 82 00


Language:     English
Company:      UBS AG
              Bahnhofstrasse 45
              8001 Zürich
Phone:        +41 44 234 11 11
ISIN:         CH0024899483, CH0039913899
WKN:          UB0BL6
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
              Munich, Stuttgart; Open Market in Frankfurt ; SIX

End of Announcement                             DGAP News-Service



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