Conditions of employment and additional benefits at UBS in Switzerland. Your advantages with UBS.

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1 Conditions of employment and additional benefits at UBS in Switzerland Your advantages with UBS.

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3 We reward your personal performance. At UBS we recruit and employ the best staff members you. You can also expect something from us in return. When you join the UBS team, you ll find market-oriented employment conditions and attractive additional benefits. We invite you to find out more.

4 Compensation We offer you competitive and performance-based compensation that rewards personal responsibility, client focus and the sustainable implementation of our business objectives. Salary Your salary depends on the requirements of your role and function in terms of abilities, experience and knowledge. The level and progression of your salary are based on normal practice for the role and function in the relevant local labor market. Your salary will be paid into your UBS bank account in twelve monthly installments. As a UBS employee, you ll have a salary account with preferential conditions that is opened for you specifically for this purpose. Variable compensation Variable compensation is based on an employee's performance and achievement of individual objectives. It is determined once a year and allocated in the first quarter of the following year. In addition to individual performance, the amount of variable compensation you receive is also influenced by the total resources available, the performance of your business area, risk management and personal conduct. The performance of every employee is also assessed against peer groups. In general, all employees are eligible for variable compensation with the exception of certain groups such as apprentices, interns and employees paid by the hour or those on a temporary contract. All variable compensation decisions are made at the complete discretion of UBS. The applicable regulatory and contractual agreements take precedence.

5 Retirement benefits and insurance Pension fund UBS attaches great importance to your retirement pension provisions. The Pension Fund of UBS aims to satisfy the highest standards with regard to both security and reliability. UBS's pension scheme is designed to insure you and your dependents against the economic consequences of aging, disability and death. The innovative and flexible pension provision model used by the Pension Fund of UBS allows you to set and meet your own objectives by selecting the contribution amount that's right for you. When you retire, you ll also have the opportunity to optimize your pension in line with your personal requirements and financial objectives (pension payments and / or lump sum, size of insured spouse's pension, refund option). Other options include pledging your pension benefits or withdrawing vested benefits early to finance the purchase of your own home. The Pension Fund of UBS offers two pension plans: the Pension Plan and the Bonus Plan. Employees are accepted into the pension plans of the Pension Fund of UBS irrespective of their rank or function. You may buy into the Pension Fund of UBS at any time up to the amount of statutory benefits. These buy-ins increase your retirement savings and are usually tax-deductible in Switzerland. Age-related credits are financed through participant and employer contributions. The contributory salary (annual salary minus the coordination deduction) in the Pension Plan and the contributory bonus in the Bonus Plan are used as the basis for calculating age-related credits. Risk contributions from the age of 25 are covered by the employer. The amount of available retirement savings is used to calculate the retirement benefits. Retirement savings can be drawn either as pension payments or as a lump sum. Risk benefits are determined based on the total pensionable salary in the Pension Plan and the Bonus Plan. The regular retirement age for UBS employees is 64. Continued employment beyond the age of 64 must be agreed with UBS. In the Pension Fund of UBS, employees are required to enter regular retirement by the end of the month in which an employee s 65th birthday falls. The Pension Fund of UBS allows for early retirement from the age of 58. From this age, employees also have the option of partial retirement or a reduction in the level of employment while keeping the same insured salary. When an employee enters full retirement before reaching the statutory AHV retirement age, the Pension Fund of UBS pays an AHV bridging pension. Employee insurance We offer attractive insurance solutions and discounts on insurance premiums, such as occupational and non-occupational accident insurance, supplementary accident insurance and term life insurance. Your advantages at a glance: Premiums for occupational accident insurance are covered by UBS. The firm also covers 50 percent of the premiums for non-occupational accident insurance for employees and 100 percent for members of senior management. UBS covers half of the cost of supplementary voluntary accident insurance, such as treatment costs (private hospital), disability / death benefit, daily benefits and special risks. All eligible employees are covered under a mandatory daily illness benefits insurance scheme, which in the event of illness covers any loss of income for a maximum of 730 days, including continued payment of salary by the firm. UBS pays half of the premiums due. You also have the opportunity to, at your own expense, benefit from disability and term life insurance at preferential rates. In addition, we offer access to attractively priced supplementary health and accident insurance policies for family members.

6 Health and work-life balance Working time models and vacation Time Flex Our progressive time flex model is based on flexible annual working time with no required core hours. Personal time autonomy allows you to structure your working hours subject to operational requirements in the way that best suits both your own needs and those of your clients. Subject to agreement, you can also work on a part-time basis, job-share, or work from home as a teleworker. In addition, we also offer partial retirement or a reduction in the level of employment with the same pensionable salary from the age of 58 onwards. In addition to the statutory vacation entitlement, UBS employees may buy up to a maximum of two additional weeks of vacation per year. The corresponding amount will be deducted from your salary at the time of purchase. You are free to take the vacation at any time during the year. Working hours and vacation The average working week is 42 hours. Your vacation entitlement is 25 or 30 days per calendar year depending on your age and rank. Job and family Pregnancy / maternity The maximum entitlement to continuation of salary payments whilst on leave during pregnancy and after the birth of your child depends on the number of continuous years employment you have with UBS. At the moment it stands at: during the 1st 10th year of employment: 180 calendar days from the 11th year of employment: 210 calendar days Actual maternity leave lasts for 210 days in every case. The UBS provisions go far beyond those mandated by Swiss legislation, which provides for 14 weeks of maternity leave (canton of Geneva: 16 weeks) for employed mothers at 80 percent of their salary. After your maternity leave you can return to your job at UBS on the same contractual conditions. Adoption leave for female employees UBS grants female employees 14 weeks (98 calendar days) of paid leave in the case of adoption (conditions apply). In addition, you may extend your adoption leave up to a maximum of 210 calendar days by taking unpaid leave in addition to the regulation adoption leave. Non Officer Associate Director Director, Executive Director Managing Director and above 25 days; from the calendar year in which the 60th birthday falls: 30 days 25 days; from the calendar year in which the 55th birthday falls: 30 days 25 days; from the calendar year in which the 50th birthday falls: 30 days Paternity leave and, adoption leave for male employees UBS grants two weeks' paid paternity leave. We also grant two weeks' paid leave for male UBS employees who adopt a child. Childcare UBS is a member of the external service provider Childcare Service and covers the cost of personal consultation and referral services. The costs of childcare places allocated are borne by the parents. In situations of financial need and upon request of UBS social counseling, UBS may be able to assume some of the costs. Family allowances As a UBS employee (up to and including Associate Director) you are entitled to an annual family allowance of CHF 3000 if you receive a child or education allowance for a child born after January 1, The amount of the family allowance is the same regardless of the number of children you have.

7 Health and safety We are committed to protecting and ensuring the health and safety of employees in the workplace. Promotion of health and well-being UBS employees can take advantage of the wide range of UBS sports and leisure clubs. The larger UBS locations have staff restaurants offering discounted meals. If there is no staff restaurant near your place of work, you will receive a monthly meal allowance of CHF 120. Health and safety at work We provide a safe working environment including ergonomic facilities, measures to protect non-smokers, checks on radiation exposure and other health and safety related measures. Support and advisory services Our social counseling team offers professional, impartial support to employees who are experiencing difficult times personally or professionally. In exceptional crises, our care team also offers psycho-social assistance. Health on business trips We clarify any relevant medical issues and provide emergency services, current travel and security information and business travel insurance, allowing you to travel abroad without any concerns.

8 Additional benefits Service anniversaries and sabbaticals We reward service anniversaries every five years with additional vacation days or a monetary sum. Anniversary Vacation option Cash* option 5 years at UBS 5 days CHF years at UBS 10 days CHF years at UBS 10 days CHF years at UBS 10 days CHF years at UBS 10 days CHF years at UBS 10 days CHF years at UBS 10 days CHF years at UBS 10 days CHF years at UBS 10 days CHF 4000 * Combination of vacation and cash (5 days and CHF 2000) also possible from 10 years of service onward Members of senior management also have the option of taking a six or eight week sabbatical after 15 years of service. Half is paid by UBS, while the other half is deducted from the holiday balance or taken as unpaid leave. The sabbatical provides an opportunity to recharge and gain fresh perspectives. You are free to structure and plan the sabbatical to suit your particular requirements Reka checks You can purchase Reka checks from the Swiss Travel Fund at a 20 percent discount subject to the annual purchase limits. CHF 750 per employee CHF 250 per child for whom UBS pays a child or education allowance Find out more at Lump-sum expense allowance Members of senior management 1 receive a lump-sum allowance to cover out-of-pocket expenses such as food, taxis, parking charges, telephone calls, dry cleaning, etc. All petty expenses up to CHF 50 per item are deemed to be reimbursed through this lump-sum expense allowance, i.e. recipients may not claim petty expenses. The lump sum allowance is paid monthly together with the salary and is not subject to social insurance deductions, no pension fund contributions are paid on it, and it is generally not taxable. The annual lump-sum expense allowances are as follows: Director CHF 8400 Executive Director CHF Managing Director CHF Equity Plus stock ownership plan Equity Plus offers staff up to and including Executive Directors the opportunity to invest part of their variable compensation and / or salary in a stock ownership plan. For every three UBS shares acquired you receive a bonus share (prospective entitlement to a UBS share) free of charge. You also benefit from a tax discount due to the prescribed vesting period. Preferential conditions on financial services You and your family members (spouse / partner) benefit from a host of preferential banking terms and conditions. In addition, you can take advantage of comprehensive advisory services tailored to your individual needs. These services are provided by the Personnel Financial Affairs (PFA) team. Preferential terms and conditions for cars / fleet discounts Depending on the brand of vehicle and restrictions imposed by the importer, you may benefit from various special discounts and fleet rebates when purchasing a car privately. You also have access to special offers on certain brands of vehicles. Discounts on private purchases As a UBS employee, you ll receive discounts off the regular prices in many shops, restaurants and other service providers. MyShop personal In the staff shop you can order and buy products and services from a variety of suppliers at preferential conditions. 1 Director, Executive Director, Managing Director

9 Giving back UBS employee volunteering UBS organizes volunteering assignments for its employees to make personal and active contributions towards public welfare in Switzerland. A diverse range of assignments in the areas of social concerns, education and the environment are available. UBS supports employees who participate in the volunteer program by providing them a maximum of two paid days off work per year. UBS employee donations UBS s employee donation program enables employees to support selected aid organizations with a donation. UBS matches donations of up to CHF 3500 per person per year.

10 Your advantages at a glance. Compensation Market and performance-oriented compensation forms the basis for self-reliant behavior and supports our business strategy in a sustainable manner. Salary, variable compensation Additional benefits Service anniversaries and Reka checks bring you a host of perks. We also offer you further benefits through our stock ownership plan, preferential conditions on UBS products and special offers. Service anniversaries and sabbaticals, Reka checks, Lump-sum expense allowance, Equity Plus, Private car leasing / fleet discount, Special offers on cars, Preferential conditions on financial services, Discounts on private purchases, Staff shop Retirement provision and insurance A generous pension fund solution and attractive insurance coverage contributes to your financial security. Pension Fund of UBS Employee insurance Personal involvement Employee volunteering and donations matched by UBS allow you to give back to the communities in which we do business. UBS employee volunteering UBS employee donations Health and work-life balance Flexible working models, generous family-related provisions and a wide range of other offers help contribute to your work-life balance and health. Working time models and vacation Time Flex Working hours / vacation Job and family Maternity leave Paternity leave Adoption leave Childcare Family allowances Health promotion Sports clubs Staff catering Health and safety and health promotion UBS is proud to be an equal opportunities employer. We respect and seek to empower each individual and the diverse cultures, perspectives, skills and experiences within our workforce. The detailed implementing provisions, policies and directives apply to all benefit entitlements. Individual benefits are dependent on the level of employment. Rank and title designations: Non Officer (NO) Authorized Officer (AO) Associate Director (AD) Director (DI) Executive Director (ED) Managing Director (MD) The term members of senior management refers to staff with the following ranks: Director Executive Director Managing Director This brochure is intended for information purposes only and all liability is excluded. The terms set out in contracts of employment and the applicable UBS regulations and UBS policies shall prevail. In particular, they also serve as the authoritative texts with regards to further details and specific provisions not covered by this brochure.

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