UBS News for Banks and Financial Institutions March 03, 2011

Priority: Urgent – Market: Poland

Poland: Change of Custodian

UBS Zurich is changing its custodian in the Polish market from SIX SIS AG / Bank Handlowy W Warszawie, Warsaw to Bank PeKAO (UniCredit Group), Warsaw as of trade date March 24, 2011.

New settlement instructions Trades with settlement date (SD) until and including March

28, 2011 will be settled with UBS' current sub-custodian Bank Handlowy W Warszawie, Warsaw.

Trades with settlement date as from March 29, 2011 need to be submitted with the instruction details of UBS' new custodian Bank PeKAO (UniCredit Group), Warsaw (see below).

Settlement instructions (as from SD March 29, 2011)

Custodian (NEW) Bank PeKAO, Warsaw SWIFT BIC (NEW) PKOPPLPWCUS

SWIFT BIC UBS UBSWCHZH80A Account No. Individual account for each client

New cut-off times – client deadlines

Equities / Fixed Income DFP/RFP SD; 4 p.m. T-Bills DFP/RFP SD; 1 p.m. Equities / Fixed Income DVP/RVP SD; 8 a.m.

T-Bills DVP/RVP SD; 8 a.m.

Impact

Clients and counterparties are requested to instruct with the new custodian details as from settlement date March 29,

2011.

To see full market details, please access the Market Guide Poland.

Should you have any questions, please contact your UBS –

Source: UBS AG Relationship Manager or Account Manager.

UBS AG

Securities Services

P.O. Box

CH-8098 Zurich Switzerland

Phone: +41-44-236 61 36

Email: custodynews@ubs.com

While the facts in this publication have been carefully researched, UBS cannot be held responsible for their accuracy. The opinions expressed may differ from official UBS views.

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