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Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 22 Apr 19 Genuine Parts Company AGM 1.1 For Agenda item : Elect Director Elizabeth W. Camp. 22 Apr 19 Genuine Parts Company AGM 1.10 For Agenda item : Elect Director Wendy B. Needham. 22 Apr 19 Genuine Parts Company AGM 1.11 For Agenda item : Elect Director E. Jenner Wood, III. 22 Apr 19 Genuine Parts Company AGM 1.2 For Agenda item : Elect Director Paul D. Donahue. 22 Apr 19 Genuine Parts Company AGM 1.3 For Agenda item : Elect Director Gary P. Fayard. 22 Apr 19 Genuine Parts Company AGM 1.4 For Agenda item : Elect Director Thomas C. Gallagher. 22 Apr 19 Genuine Parts Company AGM 1.5 For Agenda item : Elect Director P. Russell Hardin. 22 Apr 19 Genuine Parts Company AGM 1.6 For Agenda item : Elect Director John R. Holder. 22 Apr 19 Genuine Parts Company AGM 1.7 For Agenda item : Elect Director Donna W. Hyland. 22 Apr 19 Genuine Parts Company AGM 1.8 For Agenda item : Elect Director John D. Johns. 22 Apr 19 Genuine Parts Company AGM 1.9 For Agenda item : Elect Director Robert C. "Robin" Loudermilk, Jr. 22 Apr 19 Genuine Parts Company AGM 2 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : To align with our own interests, long term performance should be measured over a period of at least three years. 22 Apr 19 Genuine Parts Company AGM 3 For Agenda item : Ratify Ernst & Young LLP as Auditor. 23 Apr 19 American Electric Power Co., Inc. AGM 1.1 For Agenda item : Elect Director Nicholas K. Akins. 23 Apr 19 American Electric Power Co., Inc. AGM 1.10 For Agenda item : Elect Director Lionel L. Nowell, III. 23 Apr 19 American Electric Power Co., Inc. AGM 1.11 For Agenda item : Elect Director Stephen S. Rasmussen. 23 Apr 19 American Electric Power Co., Inc. AGM 1.12 For Agenda item : Elect Director Oliver G. Richard, III. 23 Apr 19 American Electric Power Co., Inc. AGM 1.13 For Agenda item : Elect Director Sara Martinez Tucker. 23 Apr 19 American Electric Power Co., Inc. AGM 1.2 For Agenda item : Elect Director David J. Anderson. 23 Apr 19 American Electric Power Co., Inc. AGM 1.3 For Agenda item : Elect Director J. Barnie Beasley, Jr. 23 Apr 19 American Electric Power Co., Inc. AGM 1.4 For Agenda item : Elect Director Ralph D. Crosby, Jr. 23 Apr 19 American Electric Power Co., Inc. AGM 1.5 For Agenda item : Elect Director Linda A. Goodspeed. 23 Apr 19 American Electric Power Co., Inc. AGM 1.6 For Agenda item : Elect Director Thomas E. Hoaglin. 23 Apr 19 American Electric Power Co., Inc. AGM 1.7 For Agenda item : Elect Director Sandra Beach Lin. 23 Apr 19 American Electric Power Co., Inc. AGM 1.8 For Agenda item : Elect Director Margaret M. McCarthy. 23 Apr 19 American Electric Power Co., Inc. AGM 1.9 For Agenda item : Elect Director Richard C. Notebaert. 1 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 23 Apr 19 American Electric Power Co., Inc. AGM 2 For Agenda item : Ratify PricewaterhouseCoopers LLP as Auditors. 23 Apr 19 American Electric Power Co., Inc. AGM 3 For Agenda item : Eliminate Pre-emptive Rights. 23 Apr 19 American Electric Power Co., Inc. AGM 4 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 23 Apr 19 Centene Corporation AGM 1A For Agenda item : Elect Director Orlando Ayala. 23 Apr 19 Centene Corporation AGM 1B Opposed Agenda item : Elect Director John R. Roberts. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 23 Apr 19 Centene Corporation AGM 1C Opposed Agenda item : Elect Director Tommy G. Thompson. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 23 Apr 19 Centene Corporation AGM 2 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : Accelerated vesting of outstanding awards is contrary to the alignment between executive pay and shareholder long-term interest. 23 Apr 19 Centene Corporation AGM 3 For Agenda item : Ratify KPMG LLP as Auditors. 23 Apr 19 Centene Corporation AGM 4 For Agenda item : Report on Political Contributions. UBS note : We will not support company proposals allowing companies to make political donations and will support shareholder proposals requiring companies to be transparent concerning such donations. 23 Apr 19 Charter Communications, Inc. AGM 1a For Agenda item : Elect Director W. Lance Conn. 23 Apr 19 Charter Communications, Inc. AGM 1b For Agenda item : Elect Director Kim C. Goodman. 23 Apr 19 Charter Communications, Inc. AGM 1c For Agenda item : Elect Director Craig A. Jacobson. 23 Apr 19 Charter Communications, Inc. AGM 1d Opposed Agenda item : Elect Director Gregory B. Maffei. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role.

UBS Asset Management 2 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 23 Apr 19 Charter Communications, Inc. AGM 1e Opposed Agenda item : Elect Director John D. Markley, Jr. UBS note : We will not support the election of the Chair of the Nomination Committee where the gender balance on the Board is not considered to be in line with our expectation for this market. 23 Apr 19 Charter Communications, Inc. AGM 1f For Agenda item : Elect Director David C. Merritt. 23 Apr 19 Charter Communications, Inc. AGM 1g Opposed Agenda item : Elect Director James E. Meyer. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 23 Apr 19 Charter Communications, Inc. AGM 1h For Agenda item : Elect Director Steven A. Miron. 23 Apr 19 Charter Communications, Inc. AGM 1i Opposed Agenda item : Elect Director Balan Nair. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 23 Apr 19 Charter Communications, Inc. AGM 1j For Agenda item : Elect Director Michael A. Newhouse. 23 Apr 19 Charter Communications, Inc. AGM 1k For Agenda item : Elect Director Mauricio Ramos. 23 Apr 19 Charter Communications, Inc. AGM 1l For Agenda item : Elect Director Thomas M. Rutledge. 23 Apr 19 Charter Communications, Inc. AGM 1m For Agenda item : Elect Director Eric L. Zinterhofer. 23 Apr 19 Charter Communications, Inc. AGM 2 Opposed Agenda item : Approve Omnibus Stock Plan. UBS note : We will not support an Omnibus Plan where we believe it is too expensive, causes excessive dilution or is not in line with market best practice. 23 Apr 19 Charter Communications, Inc. AGM 3 For Agenda item : Ratify KPMG LLP as Auditors. 23 Apr 19 Charter Communications, Inc. AGM 4 Opposed Agenda item : Adopt Proxy Access Right. 23 Apr 19 Charter Communications, Inc. AGM 5 For Agenda item : Report on Sustainability. UBS note : We will support proposals that seek to promote greater disclosure and transparency in corporate environmental policies as long as the issues aren't covered in regulation, the request is not overly burdensome and that the company has not already responded adequately. 23 Apr 19 Comerica Incorporated AGM 1.1 For Agenda item : Elect Director Ralph W. Babb, Jr.

3 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 23 Apr 19 Comerica Incorporated AGM 1.10 Opposed Agenda item : Elect Director Reginald M. Turner, Jr. UBS note : Candidate is not considered independent and the level of independence of the audit committee is insufficient. 23 Apr 19 Comerica Incorporated AGM 1.11 For Agenda item : Elect Director Nina G. Vaca. 23 Apr 19 Comerica Incorporated AGM 1.12 For Agenda item : Elect Director Michael G. Van de Ven. 23 Apr 19 Comerica Incorporated AGM 1.2 For Agenda item : Elect Director Michael E. Collins. 23 Apr 19 Comerica Incorporated AGM 1.3 Opposed Agenda item : Elect Director Roger A. Cregg. UBS note : Candidate is not considered independent and the level of independence of the audit committee is insufficient. 23 Apr 19 Comerica Incorporated AGM 1.4 Opposed Agenda item : Elect Director T. Kevin DeNicola. UBS note : Candidate is not considered independent and the level of independence of the audit committee is insufficient. 23 Apr 19 Comerica Incorporated AGM 1.5 For Agenda item : Elect Director Curtis C. Farmer. 23 Apr 19 Comerica Incorporated AGM 1.6 For Agenda item : Elect Director Jacqueline P. Kane. 23 Apr 19 Comerica Incorporated AGM 1.7 For Agenda item : Elect Director Richard G. Lindner. 23 Apr 19 Comerica Incorporated AGM 1.8 For Agenda item : Elect Director Barbara R. Smith. 23 Apr 19 Comerica Incorporated AGM 1.9 For Agenda item : Elect Director Robert S. Taubman. 23 Apr 19 Comerica Incorporated AGM 2 For Agenda item : Ratify Ernst & Young as Auditor. 23 Apr 19 Comerica Incorporated AGM 3 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 23 Apr 19 Domino's Pizza, Inc. AGM 1.1 For Agenda item : Elect Director David A. Brandon. 23 Apr 19 Domino's Pizza, Inc. AGM 1.2 For Agenda item : Elect Director Richard E. Allison, Jr. 23 Apr 19 Domino's Pizza, Inc. AGM 1.3 For Agenda item : Elect Director C. Andrew Ballard. 23 Apr 19 Domino's Pizza, Inc. AGM 1.4 Withhold Agenda item : Elect Director Andrew B. Balson. UBS note : We expect the Lead Director to be independent. 23 Apr 19 Domino's Pizza, Inc. AGM 1.5 For Agenda item : Elect Director Corie S. Barry. 23 Apr 19 Domino's Pizza, Inc. AGM 1.6 Withhold Agenda item : Elect Director Diana F. Cantor. UBS note : We expect the Audit Committee Chair to be independent and will not support nominees considered non-independent directors, as well as former

UBS Asset Management 4 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments executives. 23 Apr 19 Domino's Pizza, Inc. AGM 1.7 For Agenda item : Elect Director Richard L. Federico. 23 Apr 19 Domino's Pizza, Inc. AGM 1.8 For Agenda item : Elect Director James A. Goldman. 23 Apr 19 Domino's Pizza, Inc. AGM 1.9 For Agenda item : Elect Director Patricia E. Lopez. 23 Apr 19 Domino's Pizza, Inc. AGM 2 For Agenda item : Ratify PricewaterhouseCoopers LLP as Auditor. 23 Apr 19 Domino's Pizza, Inc. AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : Pay frameworks where long-term incentive plans have a performance period of less than three years do not provide adequate alignment with shareholders' long-term interests. 23 Apr 19 Fastenal Company AGM 1a For Agenda item : Elect Director Willard D. Oberton. 23 Apr 19 Fastenal Company AGM 1b For Agenda item : Elect Director Michael J. Ancius. 23 Apr 19 Fastenal Company AGM 1c For Agenda item : Elect Director Michael J. Dolan. 23 Apr 19 Fastenal Company AGM 1d For Agenda item : Elect Director Stephen L. Eastman. 23 Apr 19 Fastenal Company AGM 1e For Agenda item : Elect Director Daniel L. Florness. 23 Apr 19 Fastenal Company AGM 1f For Agenda item : Elect Director Rita J. Heise. 23 Apr 19 Fastenal Company AGM 1g For Agenda item : Elect Director Darren R. Jackson. 23 Apr 19 Fastenal Company AGM 1h For Agenda item : Elect Director Daniel L. Johnson. 23 Apr 19 Fastenal Company AGM 1i For Agenda item : Elect Director Scott A. Satterlee. 23 Apr 19 Fastenal Company AGM 1j For Agenda item : Elect Director Reyne K. Wisecup. 23 Apr 19 Fastenal Company AGM 2 For Agenda item : Ratify KPMG LLP as Auditors. 23 Apr 19 Fastenal Company AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : To align outcomes with shareholders' experience, a majority of long term awards should be subject to the attainment of pre-determined performance targets. 23 Apr 19 Fastenal Company AGM 4 For Agenda item : Prepare Employment Diversity Report. UBS note : We are supportive of resolutions seeking reports from issuers on ESG issues on the condition these are not overly demanding, cumbersome,

5 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments prescriptive or beyond the remit of the company's reporting. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 2.2 For Agenda item : Adopt Financial Statements. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 3 For Agenda item : Approve Discharge of Directors. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 4 For Agenda item : Approve Discharge of Auditor. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 5.2a Opposed Agenda item : Elect Xavier Le Clef as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 5.2b Opposed Agenda item : Elect Claude Genereux as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 5.3 For Agenda item : Approve Co-optation of Agnes Touraine as Director. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 5.4a For Agenda item : Re-elect Antoinette d'Aspremont Lynden as Director. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 5.4b Opposed Agenda item : Re-elect Paul Desmarais, Jr. as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 5.4c Opposed Agenda item : Re-elect Gerald Frere as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 5.4d Opposed Agenda item : Re-elect Cedric Frere as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 5.4e Opposed Agenda item : Re-elect Segolene Gallienne as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 5.4f For Agenda item : Re-elect Gerard Lamarche as Director. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 5.4g For Agenda item : Re-elect Marie Polet as Director. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 5.5a For Agenda item : Indicate Antoinette d'Aspremont Lynden as Independent Board Member. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 5.5b For Agenda item : Indicate Marie Polet as Independent Board Member.

UBS Asset Management 6 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 23 Apr 19 Groupe Bruxelles Lambert SA AGM 5.5c For Agenda item : Indicate Agnes Touraine as Independent Board Member. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 5.6 Opposed Agenda item : Ratify Deloitte as Auditor and Approve Auditors' Remuneration. UBS note : The tenure of auditor used by the company exceeds 20 years. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 6 For Agenda item : Approve Remuneration Report. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 7.1 For Agenda item : Approve Stock Option Plan. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 7.2 Opposed Agenda item : Approve Change-of-Control Clause Re: Stock Option Plan under Item 7.1. UBS note : Accelerated vesting of outstanding awards is contrary to the alignment between executive pay and shareholder long-term interest. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 7.3 For Agenda item : Approve Stock Option Plan Grants for 2019 up to EUR 4.32 Million Re: Stock Option Plan under Item 7.1. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 7.4 For Agenda item : Approve Special Board Report Re: Article 629 of the Company Code Re: Item 7.5. 23 Apr 19 Groupe Bruxelles Lambert SA AGM 7.5 For Agenda item : Approve Guarantee to Acquire Shares under New Stock Option Plan Re: Item 7.1. 23 Apr 19 HP Inc. AGM 1a For Agenda item : Elect Director Aida M. Alvarez. 23 Apr 19 HP Inc. AGM 1b For Agenda item : Elect Director Shumeet Banerji. 23 Apr 19 HP Inc. AGM 1c For Agenda item : Elect Director Robert R. Bennett. 23 Apr 19 HP Inc. AGM 1d For Agenda item : Elect Director Charles "Chip" V. Bergh. 23 Apr 19 HP Inc. AGM 1e For Agenda item : Elect Director Stacy Brown-Philpot. 23 Apr 19 HP Inc. AGM 1f For Agenda item : Elect Director Stephanie A. Burns. 23 Apr 19 HP Inc. AGM 1g For Agenda item : Elect Director Mary Anne Citrino. 23 Apr 19 HP Inc. AGM 1h For Agenda item : Elect Director Yoky Matsuoka. 23 Apr 19 HP Inc. AGM 1i For Agenda item : Elect Director Stacey Mobley. 23 Apr 19 HP Inc. AGM 1j For Agenda item : Elect Director Subra Suresh. 23 Apr 19 HP Inc. AGM 1k For Agenda item : Elect Director Dion J. Weisler. 23 Apr 19 HP Inc. AGM 2 For Agenda item : Ratify Ernst & Young LLP as Auditors. 23 Apr 19 HP Inc. AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation.

7 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : To align with our own interests, long term performance should be measured over a period of at least three years. 23 Apr 19 HP Inc. AGM 4 For Agenda item : Require Independent Board Chairman. UBS note : We will vote for the separation of Chairman and CEO if we believe it will lead to better company management, otherwise we will support an outside lead director board structure. 23 Apr 19 Hanesbrands Inc. AGM 1a For Agenda item : Elect Director Geralyn R. Breig. 23 Apr 19 Hanesbrands Inc. AGM 1b For Agenda item : Elect Director Gerald W. Evans, Jr. 23 Apr 19 Hanesbrands Inc. AGM 1c For Agenda item : Elect Director Bobby J. Griffin. 23 Apr 19 Hanesbrands Inc. AGM 1d For Agenda item : Elect Director James C. Johnson. 23 Apr 19 Hanesbrands Inc. AGM 1e For Agenda item : Elect Director Franck J. Moison. 23 Apr 19 Hanesbrands Inc. AGM 1f For Agenda item : Elect Director Robert F. Moran. 23 Apr 19 Hanesbrands Inc. AGM 1g For Agenda item : Elect Director Ronald L. Nelson. 23 Apr 19 Hanesbrands Inc. AGM 1h For Agenda item : Elect Director David V. Singer. 23 Apr 19 Hanesbrands Inc. AGM 1i For Agenda item : Elect Director Ann E. Ziegler. 23 Apr 19 Hanesbrands Inc. AGM 2 For Agenda item : Ratify PricewaterhouseCoopers LLP as Auditors. 23 Apr 19 Hanesbrands Inc. AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : To align with our own interests, long term performance should be measured over a period of at least three years. 23 Apr 19 HgCapital Trust Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 23 Apr 19 HgCapital Trust Plc AGM 2 For Agenda item : Approve Remuneration Report. 23 Apr 19 HgCapital Trust Plc AGM 3 For Agenda item : Approve Final Dividend. 23 Apr 19 HgCapital Trust Plc AGM 4 For Agenda item : Re-elect Richard Brooman as Director. 23 Apr 19 HgCapital Trust Plc AGM 5 For Agenda item : Re-elect Peter Dunscombe as Director. 23 Apr 19 HgCapital Trust Plc AGM 6 Opposed Agenda item : Re-elect Roger Mountford as Director. UBS note : Candidate is not considered independent and is serving on a committee that should be fully independent. 23 Apr 19 HgCapital Trust Plc AGM 7 For Agenda item : Re-elect Jim Strang as Director.

UBS Asset Management 8 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 23 Apr 19 HgCapital Trust Plc AGM 8 For Agenda item : Re-elect Guy Wakeley as Director. 23 Apr 19 HgCapital Trust Plc AGM 9 For Agenda item : Elect Anne West as Director. 23 Apr 19 HgCapital Trust Plc AGM 10 For Agenda item : Reappoint Grant Thornton UK LLP as Auditors. 23 Apr 19 HgCapital Trust Plc AGM 11 For Agenda item : Authorise Board to Fix Remuneration of Auditors. 23 Apr 19 HgCapital Trust Plc AGM 12 For Agenda item : Authorise Issue of Equity. 23 Apr 19 HgCapital Trust Plc AGM 13 For Agenda item : Approve Share Sub-Division. 23 Apr 19 HgCapital Trust Plc AGM 14 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 23 Apr 19 HgCapital Trust Plc AGM 15 For Agenda item : Authorise Market Purchase of Ordinary Shares. 23 Apr 19 ING Groep NV AGM 2.e For Agenda item : Adopt Financial Statements and Statutory Reports. 23 Apr 19 ING Groep NV AGM 3.b For Agenda item : Approve Dividends of EUR 0.68 Per Share. 23 Apr 19 ING Groep NV AGM 4.a For Agenda item : Approve Discharge of Management Board. 23 Apr 19 ING Groep NV AGM 4.b For Agenda item : Approve Discharge of Supervisory Board. 23 Apr 19 ING Groep NV AGM 5 For Agenda item : Ratify KPMG as Auditors. 23 Apr 19 ING Groep NV AGM 6 For Agenda item : Elect Tanate Phutrakul to Executive Board. 23 Apr 19 ING Groep NV AGM 7.a For Agenda item : Re-elect Mariana Gheorghe to Supervisory Board. 23 Apr 19 ING Groep NV AGM 7.b For Agenda item : Elect Mike Rees to Supervisory Board. 23 Apr 19 ING Groep NV AGM 7.c Opposed Agenda item : Elect Herna Verhagen to Supervisory Board. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 23 Apr 19 ING Groep NV AGM 8.a Opposed Agenda item : Grant Board Authority to Issue Shares. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 23 Apr 19 ING Groep NV AGM 8.b For Agenda item : Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital and Restricting/Excluding Pre-emptive Rights. 23 Apr 19 ING Groep NV AGM 9 For Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital.

9 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 23 Apr 19 Keppel Corporation Limited AGM 1 For Agenda item : Adopt Financial Statements and Directors' and Auditors' Reports. 23 Apr 19 Keppel Corporation Limited AGM 2 For Agenda item : Approve Final Dividend. 23 Apr 19 Keppel Corporation Limited AGM 3 For Agenda item : Elect Alvin Yeo as Director. 23 Apr 19 Keppel Corporation Limited AGM 4 For Agenda item : Elect Tan Ek Kia as Director. 23 Apr 19 Keppel Corporation Limited AGM 5 For Agenda item : Elect Loh Chin Hua as Director. 23 Apr 19 Keppel Corporation Limited AGM 6 For Agenda item : Elect Jean-FranÃ§ois Manzoni as Director. 23 Apr 19 Keppel Corporation Limited AGM 7 For Agenda item : Approve Directors' Fees. 23 Apr 19 Keppel Corporation Limited AGM 8 For Agenda item : Approve PricewaterhouseCoopers LLP as Auditors and Authorise Board to Fix Their Remuneration. 23 Apr 19 Keppel Corporation Limited AGM 9 Opposed Agenda item : Approve Issuance of Equity or Equity-Linked Securities with or without Pre-emptive Rights. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 23 Apr 19 Keppel Corporation Limited AGM 10 For Agenda item : Authorise Share Repurchase Program. 23 Apr 19 Keppel Corporation Limited AGM 11 For Agenda item : Approve Mandate for Interested Person Transactions. 23 Apr 19 Keppel REIT AGM 1 For Agenda item : Adopt Trustee's Report, Statement by the Manager, Audited Financial Statements and Auditors' Report. 23 Apr 19 Keppel REIT AGM 2 For Agenda item : Approve PricewaterhouseCoopers LLP as Auditors and Authorise Manager to Fix Their Remuneration. 23 Apr 19 Keppel REIT AGM 3 For Agenda item : Elect Lee Chiang Huat as Director. 23 Apr 19 Keppel REIT AGM 4 For Agenda item : Elect Lor Bak Liang as Director. 23 Apr 19 Keppel REIT AGM 5 Opposed Agenda item : Approve Issuance of Equity or Equity-Linked Securities with or without Pre-emptive Rights. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing

UBS Asset Management 10 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments shareholders. 23 Apr 19 Keppel REIT AGM 6 For Agenda item : Authorise Share Repurchase Program. 23 Apr 19 Nasdaq, Inc. AGM 1a For Agenda item : Elect Director Melissa M. Arnoldi. 23 Apr 19 Nasdaq, Inc. AGM 1b For Agenda item : Elect Director Charlene T. Begley. 23 Apr 19 Nasdaq, Inc. AGM 1c For Agenda item : Elect Director Steven D. Black. 23 Apr 19 Nasdaq, Inc. AGM 1d For Agenda item : Elect Director Adena T. Friedman. 23 Apr 19 Nasdaq, Inc. AGM 1e For Agenda item : Elect Director Essa Kazim. 23 Apr 19 Nasdaq, Inc. AGM 1f For Agenda item : Elect Director Thomas A. Kloet. 23 Apr 19 Nasdaq, Inc. AGM 1g For Agenda item : Elect Director John D. Rainey. 23 Apr 19 Nasdaq, Inc. AGM 1h Opposed Agenda item : Elect Director Michael R. Splinter. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 23 Apr 19 Nasdaq, Inc. AGM 1i For Agenda item : Elect Director Jacob Wallenberg. 23 Apr 19 Nasdaq, Inc. AGM 1j For Agenda item : Elect Director Lars R. Wedenborn. 23 Apr 19 Nasdaq, Inc. AGM 1k For Agenda item : Elect Director Alfred W. Zollar. 23 Apr 19 Nasdaq, Inc. AGM 2 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 23 Apr 19 Nasdaq, Inc. AGM 3 For Agenda item : Ratify Ernst & Young LLP as Auditors. 23 Apr 19 Nasdaq, Inc. AGM 4 For Agenda item : Provide Right to Act by Written Consent. UBS note : We generally vote for proposals that permit shareholders to act by written consent when the conditions are reasonable. 23 Apr 19 Noble Energy, Inc. AGM 1a Opposed Agenda item : Elect Director Jeffrey L. Berenson. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 23 Apr 19 Noble Energy, Inc. AGM 1b Opposed Agenda item : Elect Director Michael A. Cawley. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is

11 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments independent. 23 Apr 19 Noble Energy, Inc. AGM 1c Opposed Agenda item : Elect Director James E. Craddock. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 23 Apr 19 Noble Energy, Inc. AGM 1d For Agenda item : Elect Director Barbara J. Duganier. 23 Apr 19 Noble Energy, Inc. AGM 1e Opposed Agenda item : Elect Director Thomas J. Edelman. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 23 Apr 19 Noble Energy, Inc. AGM 1f Opposed Agenda item : Elect Director Holli C. Ladhani. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 23 Apr 19 Noble Energy, Inc. AGM 1g Opposed Agenda item : Elect Director David L. Stover. UBS note : We believe there should be an appropriate counterbalance when the positions of CEO and Chair are combined. 23 Apr 19 Noble Energy, Inc. AGM 1h For Agenda item : Elect Director Scott D. Urban. 23 Apr 19 Noble Energy, Inc. AGM 1i Opposed Agenda item : Elect Director William T. Van Kleef. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 23 Apr 19 Noble Energy, Inc. AGM 2 For Agenda item : Ratify KPMG LLP as Auditor. 23 Apr 19 Noble Energy, Inc. AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 23 Apr 19 Noble Energy, Inc. AGM 4 For Agenda item : Amend Omnibus Stock Plan. 23 Apr 19 Northern Trust Corp. AGM 1a Opposed Agenda item : Elect Director Linda Walker Bynoe.

UBS Asset Management 12 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : Candidate is not considered independent and the level of independence of the committee is insufficient. 23 Apr 19 Northern Trust Corp. AGM 1b Opposed Agenda item : Elect Director Susan Crown. UBS note : Candidate is not considered independent and the level of independence of the committee is insufficient. 23 Apr 19 Northern Trust Corp. AGM 1c For Agenda item : Elect Director Dean M. Harrison. 23 Apr 19 Northern Trust Corp. AGM 1d For Agenda item : Elect Director Jay L. Henderson. 23 Apr 19 Northern Trust Corp. AGM 1e For Agenda item : Elect Director Marcy S. Klevorn. 23 Apr 19 Northern Trust Corp. AGM 1f For Agenda item : Elect Director Siddharth N. "Bobby" Mehta. 23 Apr 19 Northern Trust Corp. AGM 1g For Agenda item : Elect Director Michael G. O'Grady. 23 Apr 19 Northern Trust Corp. AGM 1h For Agenda item : Elect Director Jose Luis Prado. 23 Apr 19 Northern Trust Corp. AGM 1i For Agenda item : Elect Director Thomas E. Richards. 23 Apr 19 Northern Trust Corp. AGM 1j For Agenda item : Elect Director Martin P. Slark. 23 Apr 19 Northern Trust Corp. AGM 1k For Agenda item : Elect Director David H. B. Smith, Jr. 23 Apr 19 Northern Trust Corp. AGM 1l For Agenda item : Elect Director Donald Thompson. 23 Apr 19 Northern Trust Corp. AGM 1m Opposed Agenda item : Elect Director Charles A. Tribbett, III. UBS note : Candidate is not considered independent and the level of independence of the committee is insufficient. 23 Apr 19 Northern Trust Corp. AGM 2 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 23 Apr 19 Northern Trust Corp. AGM 3 For Agenda item : Ratify KPMG LLP as Auditors. 23 Apr 19 Northern Trust Corp. AGM 4 For Agenda item : Report on Political Contributions. UBS note : We will not support company proposals allowing them to make political donations and will support shareholder proposals requiring companies to be transparent concerning such donations. 23 Apr 19 Northern Trust Corp. AGM 5 For Agenda item : Reduce Ownership Threshold for Shareholders to Call Special Meeting. UBS note : We generally vote for proposals that permit shareholders to call a special meeting when the conditions are reasonable.

13 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 23 Apr 19 Polymetal International Plc AGM 1 Opposed Agenda item : Elect Artem Kirillov, a Shareholder Nominee to the Board. 23 Apr 19 Polymetal International Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 23 Apr 19 Polymetal International Plc AGM 2 For Agenda item : Approve Remuneration Report. 23 Apr 19 Polymetal International Plc AGM 3 For Agenda item : Approve Final Dividend. 23 Apr 19 Polymetal International Plc AGM 4 For Agenda item : Elect Ian Cockerill as Director. 23 Apr 19 Polymetal International Plc AGM 5 For Agenda item : Re-elect Vitaly Nesis as Director. 23 Apr 19 Polymetal International Plc AGM 6 For Agenda item : Re-elect Konstantin Yanakov as Director. 23 Apr 19 Polymetal International Plc AGM 7 For Agenda item : Re-elect Jean-Pascal Duvieusart as Director. 23 Apr 19 Polymetal International Plc AGM 8 For Agenda item : Re-elect Christine Coignard as Director. 23 Apr 19 Polymetal International Plc AGM 9 For Agenda item : Re-elect Tracey Kerr as Director. 23 Apr 19 Polymetal International Plc AGM 10 For Agenda item : Re-elect Giacomo Baizini as Director. 23 Apr 19 Polymetal International Plc AGM 11 For Agenda item : Re-elect Manuel (Ollie) De Sousa-Oliveira as Director. 23 Apr 19 Polymetal International Plc AGM 12 For Agenda item : Reappoint Deloitte LLP as Auditors. 23 Apr 19 Polymetal International Plc AGM 13 For Agenda item : Authorise Board to Fix Remuneration of Auditors. 23 Apr 19 Polymetal International Plc AGM 14 For Agenda item : Authorise Issue of Equity. 23 Apr 19 Polymetal International Plc AGM 15 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 23 Apr 19 Polymetal International Plc AGM 16 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 23 Apr 19 Polymetal International Plc AGM 17 For Agenda item : Authorise Market Purchase of Ordinary Shares. 23 Apr 19 Polymetal International Plc AGM 18 For Agenda item : Adopt New Articles of Association. 23 Apr 19 Rollins, Inc. AGM 1.1 Withhold Agenda item : Elect Director Bill J. Dismuke. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 23 Apr 19 Rollins, Inc. AGM 1.2 Withhold Agenda item : Elect Director Thomas J. Lawley. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 23 Apr 19 Rollins, Inc. AGM 1.3 For Agenda item : Elect Director John F. Wilson. 23 Apr 19 Rollins, Inc. AGM 2 For Agenda item : Ratify Grant Thornton LLP as Auditors. 23 Apr 19 Rollins, Inc. AGM 3 For Agenda item : Increase Authorised Common Stock.

UBS Asset Management 14 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 23 Apr 19 STV Group Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 23 Apr 19 STV Group Plc AGM 2 Opposed Agenda item : Approve Remuneration Report. UBS note : Executive pay granted/vested during the year is not aligned with performance. 23 Apr 19 STV Group Plc AGM 3 For Agenda item : Approve Final Dividend. 23 Apr 19 STV Group Plc AGM 4 For Agenda item : Elect David Bergg as Director. 23 Apr 19 STV Group Plc AGM 5 For Agenda item : Re-elect Christian Woolfenden as Director. 23 Apr 19 STV Group Plc AGM 6 For Agenda item : Re-elect Anne Marie Cannon as Director. 23 Apr 19 STV Group Plc AGM 7 For Agenda item : Re-elect Simon Miller as Director. 23 Apr 19 STV Group Plc AGM 8 For Agenda item : Reappoint PricewaterhouseCoopers LLP as Auditors. 23 Apr 19 STV Group Plc AGM 9 For Agenda item : Authorise the Audit Committee to Fix Remuneration of Auditors. 23 Apr 19 STV Group Plc AGM 10 For Agenda item : Authorise Issue of Equity. 23 Apr 19 STV Group Plc AGM 11 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 23 Apr 19 STV Group Plc AGM 12 For Agenda item : Authorise Market Purchase of Ordinary Shares. 23 Apr 19 STV Group Plc AGM 13 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 23 Apr 19 SunTrust Banks, Inc. AGM 1.1 For Agenda item : Elect Director Agnes Bundy Scanlan. 23 Apr 19 SunTrust Banks, Inc. AGM 1.10 For Agenda item : Elect Director Steven C. Voorhees. 23 Apr 19 SunTrust Banks, Inc. AGM 1.2 For Agenda item : Elect Director Dallas S. Clement. 23 Apr 19 SunTrust Banks, Inc. AGM 1.3 For Agenda item : Elect Director Paul D. Donahue. 23 Apr 19 SunTrust Banks, Inc. AGM 1.4 For Agenda item : Elect Director Paul R. Garcia. 23 Apr 19 SunTrust Banks, Inc. AGM 1.5 For Agenda item : Elect Director Donna S. Morea. 23 Apr 19 SunTrust Banks, Inc. AGM 1.6 For Agenda item : Elect Director David M. Ratcliffe. 23 Apr 19 SunTrust Banks, Inc. AGM 1.7 For Agenda item : Elect Director William H. Rogers, Jr. 23 Apr 19 SunTrust Banks, Inc. AGM 1.8 For Agenda item : Elect Director Frank P. Scruggs, Jr. 23 Apr 19 SunTrust Banks, Inc. AGM 1.9 For Agenda item : Elect Director Bruce L. Tanner. 23 Apr 19 SunTrust Banks, Inc. AGM 2 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation.

15 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 23 Apr 19 SunTrust Banks, Inc. AGM 3 For Agenda item : Ratify Ernst & Young LLP as Auditor. 23 Apr 19 The PNC Financial Services Group, Inc. AGM 1.1 For Agenda item : Elect Director Joseph Alvarado. 23 Apr 19 The PNC Financial Services Group, Inc. AGM 1.10 For Agenda item : Elect Director Linda R. Medler. 23 Apr 19 The PNC Financial Services Group, Inc. AGM 1.11 For Agenda item : Elect Director Martin Pfinsgraff. 23 Apr 19 The PNC Financial Services Group, Inc. AGM 1.12 For Agenda item : Elect Director Toni Townes-Whitley. 23 Apr 19 The PNC Financial Services Group, Inc. AGM 1.13 For Agenda item : Elect Director Michael J. Ward. 23 Apr 19 The PNC Financial Services Group, Inc. AGM 1.2 For Agenda item : Elect Director Charles E. Bunch. 23 Apr 19 The PNC Financial Services Group, Inc. AGM 1.3 For Agenda item : Elect Director Debra A. Cafaro. 23 Apr 19 The PNC Financial Services Group, Inc. AGM 1.4 For Agenda item : Elect Director Marjorie Rodgers Cheshire. 23 Apr 19 The PNC Financial Services Group, Inc. AGM 1.5 Opposed Agenda item : Elect Director William S. Demchak. UBS note : We believe there should be an appropriate counterbalance when the positions of CEO and Chair are combined. 23 Apr 19 The PNC Financial Services Group, Inc. AGM 1.6 For Agenda item : Elect Director Andrew T. Feldstein. 23 Apr 19 The PNC Financial Services Group, Inc. AGM 1.7 Opposed Agenda item : Elect Director Richard J. Harshman. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 23 Apr 19 The PNC Financial Services Group, Inc. AGM 1.8 For Agenda item : Elect Director Daniel R. Hesse. 23 Apr 19 The PNC Financial Services Group, Inc. AGM 1.9 Opposed Agenda item : Elect Director Richard B. Kelson. UBS note : We expect the Audit Committee Chair to be independent and will not support nominees considered non-independent directors, as well as former executives. 23 Apr 19 The PNC Financial Services Group, Inc. AGM 2 For Agenda item : Ratify PricewaterhouseCoopers LLP as Auditor. 23 Apr 19 The PNC Financial Services Group, Inc. AGM 3 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 23 Apr 19 Wells Fargo & Company AGM 1a For Agenda item : Elect Director John D. Baker, II. 23 Apr 19 Wells Fargo & Company AGM 1b For Agenda item : Elect Director Celeste A. Clark. 23 Apr 19 Wells Fargo & Company AGM 1c For Agenda item : Elect Director Theodore F. Craver, Jr. 23 Apr 19 Wells Fargo & Company AGM 1d For Agenda item : Elect Director Elizabeth A. "Betsy" Duke.

UBS Asset Management 16 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 23 Apr 19 Wells Fargo & Company AGM 1e For Agenda item : Elect Director Wayne M. Hewett. 23 Apr 19 Wells Fargo & Company AGM 1f For Agenda item : Elect Director Donald M. James. 23 Apr 19 Wells Fargo & Company AGM 1g For Agenda item : Elect Director Maria R. Morris. 23 Apr 19 Wells Fargo & Company AGM 1h For Agenda item : Elect Director Juan A. Pujadas. 23 Apr 19 Wells Fargo & Company AGM 1i For Agenda item : Elect Director James H. Quigley. 23 Apr 19 Wells Fargo & Company AGM 1j For Agenda item : Elect Director Ronald L. Sargent. 23 Apr 19 Wells Fargo & Company AGM 1k For Agenda item : Elect Director C. Allen Parker. 23 Apr 19 Wells Fargo & Company AGM 1l For Agenda item : Elect Director Suzanne M. Vautrinot. 23 Apr 19 Wells Fargo & Company AGM 2 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 23 Apr 19 Wells Fargo & Company AGM 3 For Agenda item : Amend Omnibus Stock Plan. 23 Apr 19 Wells Fargo & Company AGM 4 Opposed Agenda item : Ratify KPMG LLP as Auditors. UBS note : The tenure of auditor used by the company exceeds 20 years. 23 Apr 19 Wells Fargo & Company AGM 5 For Agenda item : Report on Incentive-Based Compensation and Risks of Material Losses. UBS note : We are supportive of proposals leading to additional disclosure about employee incentive compensation programs that could lead to material losses due to excessive risk taking, given that broad-based employee incentive structures played a significant role in recent high-profile controversy and reputational harm at the company. 23 Apr 19 Wells Fargo & Company AGM 6 For Agenda item : Report on Global Median Gender Pay Gap. UBS note : We are supportive of resolutions seeking reports from issuers on specific issues on the condition these are not overly demanding or beyond the remit of the company's reporting. 24 Apr 19 ABN AMRO Group NV AGM 2.g For Agenda item : Adopt Financial Statements and Statutory Reports. 24 Apr 19 ABN AMRO Group NV AGM 3.b For Agenda item : Approve Dividends of EUR 1.45 Per Share. 24 Apr 19 ABN AMRO Group NV AGM 4.a For Agenda item : Approve Discharge of Management Board. 24 Apr 19 ABN AMRO Group NV AGM 4.b For Agenda item : Approve Discharge of Supervisory Board. 24 Apr 19 ABN AMRO Group NV AGM 5.b For Agenda item : Ratify Ernst & Young as Auditors.

17 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 ABN AMRO Group NV AGM 6 For Agenda item : Amend Articles Re: Assignment of Statutory Auditor to Audit Annual Accounts for 3 Years. 24 Apr 19 ABN AMRO Group NV AGM 7.c.3 For Agenda item : Elect Anna StorÃ¥kers to Supervisory Board. 24 Apr 19 ABN AMRO Group NV AGM 7.c.4 For Agenda item : Elect Michiel Lap to Supervisory Board. 24 Apr 19 ABN AMRO Group NV AGM 8 For Agenda item : Approve Merger Agreement between ABN AMRO Group N.V. and ABN AMRO Bank N.V. 24 Apr 19 ABN AMRO Group NV AGM 9.a For Agenda item : Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital. 24 Apr 19 ABN AMRO Group NV AGM 9.b For Agenda item : Authorise Board to Exclude Pre-emptive Rights from Share Issuances. 24 Apr 19 ABN AMRO Group NV AGM 9.c For Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital. 24 Apr 19 ABN AMRO Group NV AGM 10 For Agenda item : Approve Cancellation of Repurchased Depository Receipts. 24 Apr 19 ABN AMRO Group NV EGM 3.a For Agenda item : Amend Articles of Association STAK AAG. 24 Apr 19 ABN AMRO Group NV EGM 3.b For Agenda item : Amend Trust Conditions STAK AAG. 24 Apr 19 AIB Group Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 24 Apr 19 AIB Group Plc AGM 2 For Agenda item : Approve Final Dividend. 24 Apr 19 AIB Group Plc AGM 3 For Agenda item : Authorise Board to Fix Remuneration of Auditors. 24 Apr 19 AIB Group Plc AGM 4 For Agenda item : Ratify Deloitte as Auditors. 24 Apr 19 AIB Group Plc AGM 5a For Agenda item : Re-elect Tom Foley as Director. 24 Apr 19 AIB Group Plc AGM 5b For Agenda item : Re-elect Peter Hagan as Director. 24 Apr 19 AIB Group Plc AGM 5c For Agenda item : Elect Dr Colin Hunt as Director. 24 Apr 19 AIB Group Plc AGM 5d For Agenda item : Elect Sandy Pritchard as Director. 24 Apr 19 AIB Group Plc AGM 5e For Agenda item : Re-elect Carolan Lennon as Director. 24 Apr 19 AIB Group Plc AGM 5f For Agenda item : Re-elect Brendan McDonagh as Director. 24 Apr 19 AIB Group Plc AGM 5g For Agenda item : Re-elect Helen Normoyle as Director. 24 Apr 19 AIB Group Plc AGM 5h For Agenda item : Re-elect Jim O'Hara as Director. 24 Apr 19 AIB Group Plc AGM 5i For Agenda item : Elect Tomas O'Midheach as Director. 24 Apr 19 AIB Group Plc AGM 5j For Agenda item : Re-elect Richard Pym as Director.

UBS Asset Management 18 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 AIB Group Plc AGM 5k For Agenda item : Re-elect Catherine Woods as Director. 24 Apr 19 AIB Group Plc AGM 6 For Agenda item : Approve Remuneration Report. 24 Apr 19 AIB Group Plc AGM 7 For Agenda item : Approve Remuneration Policy. 24 Apr 19 AIB Group Plc AGM 8 For Agenda item : Authorise Issue of Equity. 24 Apr 19 AIB Group Plc AGM 9a For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 24 Apr 19 AIB Group Plc AGM 9b For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 24 Apr 19 AIB Group Plc AGM 10 For Agenda item : Authorise Market Purchase of Ordinary Shares. 24 Apr 19 AIB Group Plc AGM 11 For Agenda item : Determine the Price Range at which Treasury Shares may be Re-issued Off-Market. 24 Apr 19 AIB Group Plc AGM 12 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 24 Apr 19 AIB Group Plc AGM 13 For Agenda item : Authorise Cancellation of Subscriber Shares; Amend Memorandum and Articles of Association. 24 Apr 19 AIB Group Plc AGM 14 For Agenda item : Amend Articles of Association. 24 Apr 19 ASML Holding NV AGM 3.b For Agenda item : Adopt Financial Statements and Statutory Reports. 24 Apr 19 ASML Holding NV AGM 3.d For Agenda item : Approve Dividends of EUR 2.10 Per Share. 24 Apr 19 ASML Holding NV AGM 4.a For Agenda item : Approve Discharge of Management Board. 24 Apr 19 ASML Holding NV AGM 4.b For Agenda item : Approve Discharge of Supervisory Board. 24 Apr 19 ASML Holding NV AGM 5 For Agenda item : Amend Remuneration Policy. 24 Apr 19 ASML Holding NV AGM 6 For Agenda item : Approve 200,000 Performance Shares for Board of Management. 24 Apr 19 ASML Holding NV AGM 8.a For Agenda item : Re-elect G.J. Kleisterlee to Supervisory Board. 24 Apr 19 ASML Holding NV AGM 8.b For Agenda item : Re-elect A.P. Aris to Supervisory Board. 24 Apr 19 ASML Holding NV AGM 8.c For Agenda item : Re-elect R.D. Schwalb to Supervisory Board. 24 Apr 19 ASML Holding NV AGM 8.d For Agenda item : Re-elect W.H. Ziebart to Supervisory Board. 24 Apr 19 ASML Holding NV AGM 9 For Agenda item : Approve Remuneration of Supervisory Board. 24 Apr 19 ASML Holding NV AGM 10 For Agenda item : Ratify KPMG as Auditors. 24 Apr 19 ASML Holding NV AGM 11.a For Agenda item : Grant Board Authority to Issue Shares Up to 5 Percent of Issued

19 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments Capital for General Purposes. 24 Apr 19 ASML Holding NV AGM 11.b For Agenda item : Authorise Board to Exclude Pre-emptive Rights from Share Issuances Under Item 11.a. 24 Apr 19 ASML Holding NV AGM 11.c For Agenda item : Grant Board Authority to Issue or Grant Rights to Subscribe for Ordinary Shares Up to 5 Percent in Case of Merger or Acquisition. 24 Apr 19 ASML Holding NV AGM 11.d For Agenda item : Authorise Board to Exclude Pre-emptive Rights from Share Issuances Under Item 11.c. 24 Apr 19 ASML Holding NV AGM 12.a For Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital. 24 Apr 19 ASML Holding NV AGM 12.b For Agenda item : Authorise Additional Repurchase of Up to 10 Percent of Issued Share Capital. 24 Apr 19 ASML Holding NV AGM 13 For Agenda item : Authorise Cancellation of Repurchased Shares. 24 Apr 19 AXA SA Annual/Special 1 For Agenda item : Approve Financial Statements and Statutory Reports. 24 Apr 19 AXA SA Annual/Special 2 For Agenda item : Approve Consolidated Financial Statements and Statutory Reports. 24 Apr 19 AXA SA Annual/Special 3 For Agenda item : Approve Allocation of Income and Dividends of EUR 1.34 per Share. 24 Apr 19 AXA SA Annual/Special 4 For Agenda item : Approve Compensation of Denis Duverne, Chairman of the Board. 24 Apr 19 AXA SA Annual/Special 5 Opposed Agenda item : Approve Compensation of Thomas Buberl, CEO. UBS note : Executive pay granted/vested during the year is not aligned with performance. 24 Apr 19 AXA SA Annual/Special 6 For Agenda item : Approve Remuneration Policy of Denis Duverne, Chairman of the Board. 24 Apr 19 AXA SA Annual/Special 7 For Agenda item : Approve Remuneration Policy of Thomas Buberl, CEO. 24 Apr 19 AXA SA Annual/Special 8 For Agenda item : Approve Auditors' Special Report on Related-Party Transactions. 24 Apr 19 AXA SA Annual/Special 9 For Agenda item : Re-elect Jean-Pierre Clamadieu as Director. 24 Apr 19 AXA SA Annual/Special 10 For Agenda item : Ratify Appointment of Elaine Sarsynski as Director.

UBS Asset Management 20 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 AXA SA Annual/Special 11 For Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital. 24 Apr 19 AXA SA Annual/Special 12 For Agenda item : Authorise Capitalization of Reserves of Up to EUR 1 Billion for Bonus Issue or Increase in Par Value. 24 Apr 19 AXA SA Annual/Special 13 Opposed Agenda item : Authorise Issuance of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of EUR 2 Billions. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 24 Apr 19 AXA SA Annual/Special 14 For Agenda item : Authorise Issuance of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of EUR 550 Million. 24 Apr 19 AXA SA Annual/Special 15 For Agenda item : Approve Issuance of Equity or Equity-Linked Securities for Private Placements, up to Aggregate Nominal Amount of EUR 550 Million. 24 Apr 19 AXA SA Annual/Special 16 For Agenda item : Authorise Board to Set Issue Price for 10 Percent Per Year of Issued Capital Pursuant to Issue Authority without Pre-emptive Rights. 24 Apr 19 AXA SA Annual/Special 17 For Agenda item : Authorise Capital Increase of Up to EUR 550 Million for Future Exchange Offers. 24 Apr 19 AXA SA Annual/Special 18 For Agenda item : Authorise Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind. 24 Apr 19 AXA SA Annual/Special 19 For Agenda item : Authorise Issuance of Equity Upon Conversion of a Subsidiary's Equity-Linked Securities without Pre-emptive Rights for Up to EUR 550 Million. 24 Apr 19 AXA SA Annual/Special 20 For Agenda item : Authorise Issuance of Equity Upon Conversion of a Subsidiary's Equity-Linked Securities with Pre-emptive Rights for Up to EUR 2 Billion. 24 Apr 19 AXA SA Annual/Special 21 For Agenda item : Authorise Capital Issuances for Use in Employee Stock Purchase Plans. 24 Apr 19 AXA SA Annual/Special 22 For Agenda item : Authorise Capital Issuances for Use in Employee Stock Purchase Plans Reserved for Employees of International Subsidiaries. 24 Apr 19 AXA SA Annual/Special 23 For Agenda item : Authorise up to 1 Percent of Issued Capital for Use in Restricted

21 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments Stock Plans. 24 Apr 19 AXA SA Annual/Special 24 For Agenda item : Authorise up to 0.4 Percent of Issued Capital for Use in Restricted Stock Plans Reserved for Pension Contribution. 24 Apr 19 AXA SA Annual/Special 25 For Agenda item : Authorise Decrease in Share Capital via Cancellation of Repurchased Shares. 24 Apr 19 AXA SA Annual/Special 26 For Agenda item : Authorise Filing of Required Documents/Other Formalities. 24 Apr 19 AerCap Holdings NV AGM 4 For Agenda item : Adopt Financial Statements. 24 Apr 19 AerCap Holdings NV AGM 6 For Agenda item : Approve Discharge of Management Board. 24 Apr 19 AerCap Holdings NV AGM 7.a For Agenda item : Elect Stacey L. Cartwright as Non-Executive Director. 24 Apr 19 AerCap Holdings NV AGM 7.b For Agenda item : Elect Rita Forst as Non-Executive Director. 24 Apr 19 AerCap Holdings NV AGM 8 For Agenda item : Designate Peter L. Juhas to Represent the Management in Case All Directors are Absent or Prevented from Acting. 24 Apr 19 AerCap Holdings NV AGM 9 For Agenda item : Ratify PricewaterhouseCoopers as Auditors. 24 Apr 19 AerCap Holdings NV AGM 10.a For Agenda item : Grant Board Authority to Issue Shares Up to 10 Percent of Issued Capital. 24 Apr 19 AerCap Holdings NV AGM 10.b For Agenda item : Authorise Board to Exclude Pre-emptive Rights from Share Issuances Under Item 10.a. 24 Apr 19 AerCap Holdings NV AGM 10.c Opposed Agenda item : Grant Board Authority to Issue Shares Up to 10 Percent of Issued Capital Percent in Case of Merger or Acquisition. UBS note : We support routine authorities to issue shares with pre-emption rights of up to 1/3 of the issued share capital combined, a maximum 10% of which can be without pre-emption rights. We will vote against any proposals above these limits as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 24 Apr 19 AerCap Holdings NV AGM 10.d Opposed Agenda item : Authorise Board to Exclude Pre-emptive Rights from Share Issuances Under Item 10.c. UBS note : We support routine authorities to issue shares with pre-emption rights of up to 1/3 of the issued share capital combined, a maximum 10% of which can be without pre-emption rights. We will vote against any proposals

UBS Asset Management 22 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments above these limits as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 24 Apr 19 AerCap Holdings NV AGM 11.a For Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital. 24 Apr 19 AerCap Holdings NV AGM 11.b For Agenda item : Conditional Authorization to Repurchase of Up to 10 Percent of Issued Share Capital. 24 Apr 19 AerCap Holdings NV AGM 12 For Agenda item : Approve Reduction of Share Capital. 24 Apr 19 AerCap Holdings NV AGM 13.a For Agenda item : Amend Articles of Association to Reflect Developments in Dutch Law and Practice. 24 Apr 19 AerCap Holdings NV AGM 13.b For Agenda item : Authorise Board Members and NautaDutilh N.V. to Ratify and Execute Approved Amendment Re: Item 13.a. 24 Apr 19 Ameriprise Financial, Inc. AGM 1a Opposed Agenda item : Elect Director James M. Cracchiolo. UBS note : We believe there should be an appropriate counterbalance when the positions of CEO and Chair are combined. 24 Apr 19 Ameriprise Financial, Inc. AGM 1b For Agenda item : Elect Director Dianne Neal Blixt. 24 Apr 19 Ameriprise Financial, Inc. AGM 1c For Agenda item : Elect Director Amy DiGeso. 24 Apr 19 Ameriprise Financial, Inc. AGM 1d For Agenda item : Elect Director Lon R. Greenberg. 24 Apr 19 Ameriprise Financial, Inc. AGM 1e For Agenda item : Elect Director Jeffrey Noddle. 24 Apr 19 Ameriprise Financial, Inc. AGM 1f Opposed Agenda item : Elect Director Robert F. Sharpe, Jr. UBS note : We expect the Lead Director to be independent. 24 Apr 19 Ameriprise Financial, Inc. AGM 1g For Agenda item : Elect Director W. Edward Walter, III. 24 Apr 19 Ameriprise Financial, Inc. AGM 1h For Agenda item : Elect Director Christopher J. Williams. 24 Apr 19 Ameriprise Financial, Inc. AGM 2 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 24 Apr 19 Ameriprise Financial, Inc. AGM 3 For Agenda item : Ratify PricewaterhouseCoopers LLP as Auditors. 24 Apr 19 Anheuser-Busch InBev SA/NV Annual/Special A1.c For Agenda item : Amend Article 4 Re: Corporate Purpose. 24 Apr 19 Anheuser-Busch InBev SA/NV Annual/Special B2 Opposed Agenda item : Amend Article 23 Re: Requirements of the Chairperson of the

23 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments Board. UBS note : We will not support amendments to articles which are against shareholders' interests. 24 Apr 19 Anheuser-Busch InBev SA/NV Annual/Special C10 For Agenda item : Ratify PwC as Auditors and Approve Auditors' Remuneration. 24 Apr 19 Anheuser-Busch InBev SA/NV Annual/Special C11.a Opposed Agenda item : Approve Remuneration Report. UBS note : The grant of performance-based pay to non-executive directors potentially undermines their independent oversight. 24 Apr 19 Anheuser-Busch InBev SA/NV Annual/Special C11.b Opposed Agenda item : Approve Fixed Remuneration of Directors. UBS note : The proposed aggregate cap on non-executive pay is excessive and not adequately justified. 24 Apr 19 Anheuser-Busch InBev SA/NV Annual/Special C11.c For Agenda item : Approve Grant of Restricted Stock Units. 24 Apr 19 Anheuser-Busch InBev SA/NV Annual/Special C6 For Agenda item : Approve Financial Statements, Allocation of Income, and Dividends of EUR 1.80 per Share. 24 Apr 19 Anheuser-Busch InBev SA/NV Annual/Special C7 For Agenda item : Approve Discharge of Directors. 24 Apr 19 Anheuser-Busch InBev SA/NV Annual/Special C8 For Agenda item : Approve Discharge of Auditor. 24 Apr 19 Anheuser-Busch InBev SA/NV Annual/Special C9.a For Agenda item : Elect Xiaozhi Liu as Independent Director. 24 Apr 19 Anheuser-Busch InBev SA/NV Annual/Special C9.b Opposed Agenda item : Elect Sabine Chalmers as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 24 Apr 19 Anheuser-Busch InBev SA/NV Annual/Special C9.c Opposed Agenda item : Elect Cecilia Sicupira as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 24 Apr 19 Anheuser-Busch InBev SA/NV Annual/Special C9.d Opposed Agenda item : Elect Claudio Garcia as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 24 Apr 19 Anheuser-Busch InBev SA/NV Annual/Special C9.e Opposed Agenda item : Re-elect Martin J. Barrington as Director. UBS note : We will not support the election of non-independent directors when the Board, in its entirety, lacks independence. 24 Apr 19 Anheuser-Busch InBev SA/NV Annual/Special C9.f Opposed Agenda item : Re-elect William F. Gifford, Jr. as Director.

UBS Asset Management 24 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 24 Apr 19 Anheuser-Busch InBev SA/NV Annual/Special C9.g Opposed Agenda item : Re-elect Alejandro Santo Domingo Davila as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 24 Apr 19 Anheuser-Busch InBev SA/NV Annual/Special D12 For Agenda item : Authorise Implementation of Approved Resolutions and Filing of Required Documents/Formalities at Trade Registry. 24 Apr 19 Ball Corporation AGM 1.1 Withhold Agenda item : Elect Director Daniel J. Heinrich. UBS note : The nominee failed to ensure that the company opted out of the amendment to the Indiana Business Corporation Law that resulted in a perpetually-classified board. 24 Apr 19 Ball Corporation AGM 1.2 Withhold Agenda item : Elect Director Georgia R. Nelson. UBS note : The nominee failed to ensure that the company opted out of the amendment to the Indiana Business Corporation Law that resulted in a perpetually-classified board. 24 Apr 19 Ball Corporation AGM 1.3 Withhold Agenda item : Elect Director Cynthia A. Niekamp. UBS note : The nominee failed to ensure that the company opted out of the amendment to the Indiana Business Corporation Law that resulted in a perpetually-classified board. 24 Apr 19 Ball Corporation AGM 2 For Agenda item : Ratify PricewaterhouseCoopers LLP as Auditor. 24 Apr 19 Ball Corporation AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : To align outcomes with shareholders' experience, a majority of long term awards should be subject to the attainment of pre-determined performance targets. 24 Apr 19 Bank of America Corporation AGM 1a For Agenda item : Elect Director Sharon L. Allen. 24 Apr 19 Bank of America Corporation AGM 1b For Agenda item : Elect Director Susan S. Bies. 24 Apr 19 Bank of America Corporation AGM 1c For Agenda item : Elect Director Jack O. Bovender, Jr. 24 Apr 19 Bank of America Corporation AGM 1d For Agenda item : Elect Director Frank P. Bramble, Sr.

25 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 Bank of America Corporation AGM 1e For Agenda item : Elect Director Pierre J.P. de Weck. 24 Apr 19 Bank of America Corporation AGM 1f For Agenda item : Elect Director Arnold W. Donald. 24 Apr 19 Bank of America Corporation AGM 1g For Agenda item : Elect Director Linda P. Hudson. 24 Apr 19 Bank of America Corporation AGM 1h For Agenda item : Elect Director Monica C. Lozano. 24 Apr 19 Bank of America Corporation AGM 1i For Agenda item : Elect Director Thomas J. May. 24 Apr 19 Bank of America Corporation AGM 1j For Agenda item : Elect Director Brian T. Moynihan. 24 Apr 19 Bank of America Corporation AGM 1k For Agenda item : Elect Director Lionel L. Nowell, III. 24 Apr 19 Bank of America Corporation AGM 1l For Agenda item : Elect Director Clayton S. Rose. 24 Apr 19 Bank of America Corporation AGM 1m For Agenda item : Elect Director Michael D. White. 24 Apr 19 Bank of America Corporation AGM 1n For Agenda item : Elect Director Thomas D. Woods. 24 Apr 19 Bank of America Corporation AGM 1o For Agenda item : Elect Director R. David Yost. 24 Apr 19 Bank of America Corporation AGM 1p For Agenda item : Elect Director Maria T. Zuber. 24 Apr 19 Bank of America Corporation AGM 2 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 24 Apr 19 Bank of America Corporation AGM 3 Opposed Agenda item : Ratify PricewaterhouseCoopers LLP as Auditors. UBS note : The tenure of auditor used by the company exceeds 20 years. 24 Apr 19 Bank of America Corporation AGM 4 For Agenda item : Amend Omnibus Stock Plan. 24 Apr 19 Bank of America Corporation AGM 5 For Agenda item : Report on Gender Pay Gap. UBS note : We are supportive of resolutions seeking reports from issuers on specific issues on the condition these are not overly demanding or beyond the remit of the company's reporting. 24 Apr 19 Bank of America Corporation AGM 6 For Agenda item : Provide Right to Act by Written Consent. UBS note : We support resolutions that require the right to act by written consent, should they not be too restrictive and are in line with market practice. 24 Apr 19 Bank of America Corporation AGM 7 For Agenda item : Amend Proxy Access Right. UBS note : We will support proposals that increase shareholders' rights such as proxy access proposals when the conditions are reasonable. 24 Apr 19 BorgWarner Inc. AGM 1.1 Withhold Agenda item : Elect Director Jan Carlson. UBS note : We will not support the election of the Chair of the Nomination

UBS Asset Management 26 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments Committee where the gender balance on the Board is not considered to be in line with our expectation for this market. 24 Apr 19 BorgWarner Inc. AGM 1.2 For Agenda item : Elect Director Dennis C. Cuneo. 24 Apr 19 BorgWarner Inc. AGM 1.3 For Agenda item : Elect Director Michael S. Hanley. 24 Apr 19 BorgWarner Inc. AGM 1.4 For Agenda item : Elect Director Frederic B. Lissalde. 24 Apr 19 BorgWarner Inc. AGM 1.5 For Agenda item : Elect Director Paul A. Mascarenas. 24 Apr 19 BorgWarner Inc. AGM 1.6 For Agenda item : Elect Director John R. McKernan, Jr. 24 Apr 19 BorgWarner Inc. AGM 1.7 For Agenda item : Elect Director Deborah D. McWhinney. 24 Apr 19 BorgWarner Inc. AGM 1.8 For Agenda item : Elect Director Alexis P. Michas. 24 Apr 19 BorgWarner Inc. AGM 1.9 For Agenda item : Elect Director Vicki L. Sato. 24 Apr 19 BorgWarner Inc. AGM 2 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 24 Apr 19 BorgWarner Inc. AGM 3 For Agenda item : Ratify PricewaterhouseCoopers LLP as Auditor. 24 Apr 19 BorgWarner Inc. AGM 4 For Agenda item : Require Independent Board Chairman. UBS note : We normally support proposals to separate the positions of Chairman and CEO. 24 Apr 19 CNA Financial Corp. AGM 1.1 Withhold Agenda item : Elect Director Michael A. Bless. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 24 Apr 19 CNA Financial Corp. AGM 1.10 For Agenda item : Elect Director Jane J. Wang. 24 Apr 19 CNA Financial Corp. AGM 1.11 Withhold Agenda item : Elect Director Marvin Zonis. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 24 Apr 19 CNA Financial Corp. AGM 1.2 Withhold Agenda item : Elect Director Jose O. Montemayor. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent.

27 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 CNA Financial Corp. AGM 1.3 Withhold Agenda item : Elect Director Don M. Randel. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 24 Apr 19 CNA Financial Corp. AGM 1.4 For Agenda item : Elect Director Andre Rice. 24 Apr 19 CNA Financial Corp. AGM 1.5 Withhold Agenda item : Elect Director Dino E. Robusto. UBS note : We believe there should be an appropriate counterbalance when the positions of CEO and Chair are combined. 24 Apr 19 CNA Financial Corp. AGM 1.6 For Agenda item : Elect Director Kenneth I. Siegel. 24 Apr 19 CNA Financial Corp. AGM 1.7 For Agenda item : Elect Director Andrew H. Tisch. 24 Apr 19 CNA Financial Corp. AGM 1.8 For Agenda item : Elect Director Benjamin J. Tisch. 24 Apr 19 CNA Financial Corp. AGM 1.9 For Agenda item : Elect Director James S. Tisch. 24 Apr 19 CNA Financial Corp. AGM 2 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : Pay frameworks where long-term incentive plans have a performance period of less than three years do not provide adequate alignment with shareholders' long-term interests. 24 Apr 19 CNA Financial Corp. AGM 3 Opposed Agenda item : Ratify Deloitte & Touche LLP as Auditor. UBS note : The tenure of auditor used by the company exceeds 20 years. 24 Apr 19 CVC Credit Partners European Opportunities Ltd. AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 24 Apr 19 CVC Credit Partners European Opportunities Ltd. AGM 2 For Agenda item : Approve Remuneration Report. 24 Apr 19 CVC Credit Partners European Opportunities Ltd. AGM 3 For Agenda item : Re-elect Richard Boleat as Director. 24 Apr 19 CVC Credit Partners European Opportunities Ltd. AGM 4 For Agenda item : Re-elect Mark Tucker as Director. 24 Apr 19 CVC Credit Partners European Opportunities Ltd. AGM 5 For Agenda item : Re-elect David Wood as Director. 24 Apr 19 CVC Credit Partners European Opportunities Ltd. AGM 6 For Agenda item : Elect Stephanie Carbonneil as Director. 24 Apr 19 CVC Credit Partners European Opportunities Ltd. AGM 7 For Agenda item : Ratify Ernst & Young LLP as Auditors and Authorise Their Remuneration. 24 Apr 19 CVC Credit Partners European Opportunities Ltd. AGM 8 For Agenda item : Approve Final Dividend. 24 Apr 19 CVC Credit Partners European Opportunities Ltd. AGM 9 For Agenda item : Authorise Market Purchase of Shares Pursuant to the Quarterly Tender Offer.

UBS Asset Management 28 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 CVC Credit Partners European Opportunities Ltd. AGM 10 For Agenda item : Authorise Market Purchase of Shares. 24 Apr 19 CVC Credit Partners European Opportunities Ltd. AGM 11 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 24 Apr 19 Cenovus Energy, Inc. AGM 1 For Agenda item : Ratify PricewaterhouseCoopers LLP as Auditors. 24 Apr 19 Cenovus Energy, Inc. AGM 2.1 For Agenda item : Elect Director Susan F. Dabarno. 24 Apr 19 Cenovus Energy, Inc. AGM 2.10 For Agenda item : Elect Director Wayne G. Thomson. 24 Apr 19 Cenovus Energy, Inc. AGM 2.11 For Agenda item : Elect Director Rhonda I. Zygocki. 24 Apr 19 Cenovus Energy, Inc. AGM 2.2 For Agenda item : Elect Director Patrick D. Daniel. 24 Apr 19 Cenovus Energy, Inc. AGM 2.3 For Agenda item : Elect Director Jane E. Kinney. 24 Apr 19 Cenovus Energy, Inc. AGM 2.4 For Agenda item : Elect Director Harold N. Kvisle. 24 Apr 19 Cenovus Energy, Inc. AGM 2.5 For Agenda item : Elect Director Steven F. Leer. 24 Apr 19 Cenovus Energy, Inc. AGM 2.6 For Agenda item : Elect Director Keith A. MacPhail. 24 Apr 19 Cenovus Energy, Inc. AGM 2.7 For Agenda item : Elect Director Richard J. Marcogliese. 24 Apr 19 Cenovus Energy, Inc. AGM 2.8 For Agenda item : Elect Director Claude Mongeau. 24 Apr 19 Cenovus Energy, Inc. AGM 2.9 For Agenda item : Elect Director Alexander J. Pourbaix. 24 Apr 19 Cenovus Energy, Inc. AGM 3 Opposed Agenda item : Advisory Vote on Executive Compensation Approach. UBS note : Accelerated vesting of outstanding awards is contrary to the alignment between executive pay and shareholder long-term interest. 24 Apr 19 Cenovus Energy, Inc. AGM 4 For Agenda item : Set and Publish Greenhouse Gas (GHG) Emissions Reduction Targets. UBS note : We will support proposals that seek to promote greater disclosure and transparency in corporate environmental policies as long as: a) the issues are not already effectively dealt with through legislation or regulation; b) the company has not already responded in a sufficient manner; and c) the proposal is not unduly burdensome or overly prescriptive. 24 Apr 19 Cigna Corporation AGM 1.1 For Agenda item : Elect Director David M. Cordani. 24 Apr 19 Cigna Corporation AGM 1.10 For Agenda item : Elect Director William L. Roper. 24 Apr 19 Cigna Corporation AGM 1.11 Opposed Agenda item : Elect Director Eric C. Wiseman. UBS note : We will not support the election of a non-independent non-executive director who shall serve on the Remuneration Committee when

29 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments the Committee is not made up of majority of independent directors. 24 Apr 19 Cigna Corporation AGM 1.12 Opposed Agenda item : Elect Director Donna F. Zarcone. UBS note : We will not support the election of the Chair of the Nomination Committee where the gender balance on the Board is not considered to be in line with our expectation for this market. 24 Apr 19 Cigna Corporation AGM 1.13 Opposed Agenda item : Elect Director William D. Zollars. UBS note : We will not support the election of a non-independent non-executive director who shall serve on the Remuneration Committee when the Committee is not made up of majority of independent directors. 24 Apr 19 Cigna Corporation AGM 1.2 For Agenda item : Elect Director William J. DeLaney. 24 Apr 19 Cigna Corporation AGM 1.3 For Agenda item : Elect Director Eric J. Foss. 24 Apr 19 Cigna Corporation AGM 1.4 For Agenda item : Elect Director Elder Granger. 24 Apr 19 Cigna Corporation AGM 1.5 For Agenda item : Elect Director Isaiah Harris, Jr. 24 Apr 19 Cigna Corporation AGM 1.6 Opposed Agenda item : Elect Director Roman Martinez, IV. UBS note : We expect the Audit Committee Chair to be independent and will not support nominees considered non-independent directors, as well as former executives. 24 Apr 19 Cigna Corporation AGM 1.7 For Agenda item : Elect Director Kathleen M. Mazzarella. 24 Apr 19 Cigna Corporation AGM 1.8 For Agenda item : Elect Director Mark B. McClellan. 24 Apr 19 Cigna Corporation AGM 1.9 For Agenda item : Elect Director John M. Partridge. 24 Apr 19 Cigna Corporation AGM 2 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 24 Apr 19 Cigna Corporation AGM 3 Opposed Agenda item : Ratify PricewaterhouseCoopers LLP as Auditors. UBS note : The tenure of auditor used by the company exceeds 20 years. 24 Apr 19 Cigna Corporation AGM 4 For Agenda item : Provide Right to Act by Written Consent. UBS note : We support resolutions that require the right to act by written consent, should they not be too restrictive and are in line with market practice.

UBS Asset Management 30 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 Cigna Corporation AGM 6 For Agenda item : Report on Gender Pay Gap. UBS note : We are supportive of resolutions seeking reports from issuers on specific issues on the condition these are not overly demanding or beyond the remit of the company's reporting. 24 Apr 19 Croda International Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 24 Apr 19 Croda International Plc AGM 2 Opposed Agenda item : Approve Remuneration Report. UBS note : Yearly pension contribution rates exceed 30% of salary and are considered excessive. 24 Apr 19 Croda International Plc AGM 3 For Agenda item : Approve Final Dividend. 24 Apr 19 Croda International Plc AGM 4 For Agenda item : Elect Roberto Cirillo as Director. 24 Apr 19 Croda International Plc AGM 5 For Agenda item : Re-elect Alan Ferguson as Director. 24 Apr 19 Croda International Plc AGM 6 For Agenda item : Elect Jacqui Ferguson as Director. 24 Apr 19 Croda International Plc AGM 7 For Agenda item : Re-elect Steve Foots as Director. 24 Apr 19 Croda International Plc AGM 8 For Agenda item : Re-elect Anita Frew as Director. 24 Apr 19 Croda International Plc AGM 9 For Agenda item : Re-elect Helena Ganczakowski as Director. 24 Apr 19 Croda International Plc AGM 10 For Agenda item : Re-elect Keith Layden as Director. 24 Apr 19 Croda International Plc AGM 11 For Agenda item : Re-elect Jez Maiden as Director. 24 Apr 19 Croda International Plc AGM 12 For Agenda item : Reappoint KPMG LLP as Auditors. 24 Apr 19 Croda International Plc AGM 13 For Agenda item : Authorise the Audit Committee to Fix Remuneration of Auditors. 24 Apr 19 Croda International Plc AGM 14 For Agenda item : Authorise EU Political Donations and Expenditure. 24 Apr 19 Croda International Plc AGM 15 For Agenda item : Authorise Issue of Equity. 24 Apr 19 Croda International Plc AGM 16 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 24 Apr 19 Croda International Plc AGM 17 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 24 Apr 19 Croda International Plc AGM 18 For Agenda item : Authorise Market Purchase of Ordinary Shares. 24 Apr 19 Croda International Plc AGM 19 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 24 Apr 19 Croda International Plc AGM 20 For Agenda item : Approve Special Dividend and Share Consolidation.

31 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 DiaSorin SpA AGM 1 For Agenda item : Approve Financial Statements, Statutory Reports, and Allocation of Income. 24 Apr 19 DiaSorin SpA AGM 2 Opposed Agenda item : Approve Remuneration Policy. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 24 Apr 19 DiaSorin SpA AGM 3.1 Opposed Agenda item : Fix Number of Directors. UBS note : We will not support a resolution when a lack of disclosure results in shareholders being unable to make an informed voting decision. 24 Apr 19 DiaSorin SpA AGM 3.2 For Agenda item : Fix Board Terms for Directors. 24 Apr 19 DiaSorin SpA AGM 3.3.1 Do Not Vote Agenda item : Slate 1 Submitted by IP Investimenti e Partecipazioni Srl. 24 Apr 19 DiaSorin SpA AGM 3.3.2 For Agenda item : Slate 2 Submitted by Institutional Investors (Assogestioni). 24 Apr 19 DiaSorin SpA AGM 3.4 Opposed Agenda item : Approve Remuneration of Directors. UBS note : We will not support a resolution when a lack of disclosure results in shareholders being unable to make an informed voting decision. 24 Apr 19 DiaSorin SpA AGM 4.1.1 Opposed Agenda item : Slate 1 Submitted by IP Investimenti e Partecipazioni Srl. 24 Apr 19 DiaSorin SpA AGM 4.1.2 For Agenda item : Slate 2 Submitted by Institutional Investors (Assogestioni). 24 Apr 19 DiaSorin SpA AGM 4.2 Opposed Agenda item : Appoint Chairman of Internal Statutory Auditors. 24 Apr 19 DiaSorin SpA AGM 4.3 For Agenda item : Approve Internal Auditors' Remuneration. 24 Apr 19 DiaSorin SpA AGM 5 For Agenda item : Approve Stock Option Plan. 24 Apr 19 DiaSorin SpA AGM 6 For Agenda item : Authorise Share Repurchase Program and Reissuance of Repurchased Shares to Service Stock Option Plan. 24 Apr 19 DiaSorin SpA AGM A Abstain Agenda item : Deliberations on Possible Legal Action Against Directors if Presented by Shareholders. 24 Apr 19 Duke Realty Corporation AGM 1a For Agenda item : Elect Director John P. Case. 24 Apr 19 Duke Realty Corporation AGM 1b Opposed Agenda item : Elect Director James B. Connor. UBS note : We believe there should be an appropriate counterbalance when the positions of CEO and Chair are combined. 24 Apr 19 Duke Realty Corporation AGM 1c For Agenda item : Elect Director Ngaire E. Cuneo. 24 Apr 19 Duke Realty Corporation AGM 1d Opposed Agenda item : Elect Director Charles R. Eitel.

UBS Asset Management 32 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : We will not support the election of a non-independent, non-executive directors who shall serve on the Nomination Committee where the committee is not made up of a majority of independent directors. 24 Apr 19 Duke Realty Corporation AGM 1e For Agenda item : Elect Director Norman K. Jenkins. 24 Apr 19 Duke Realty Corporation AGM 1f For Agenda item : Elect Director Melanie R. Sabelhaus. 24 Apr 19 Duke Realty Corporation AGM 1g For Agenda item : Elect Director Peter M. Scott, III. 24 Apr 19 Duke Realty Corporation AGM 1h Opposed Agenda item : Elect Director David P. Stockert. UBS note : We will not support the election of a non-independent, non-executive directors who shall serve on the Nomination Committee where the committee is not made up of a majority of independent directors. 24 Apr 19 Duke Realty Corporation AGM 1i For Agenda item : Elect Director Chris Sultemeier. 24 Apr 19 Duke Realty Corporation AGM 1j For Agenda item : Elect Director Michael E. Szymanczyk. 24 Apr 19 Duke Realty Corporation AGM 1k For Agenda item : Elect Director Warren M. Thompson. 24 Apr 19 Duke Realty Corporation AGM 1l For Agenda item : Elect Director Lynn C. Thurber. 24 Apr 19 Duke Realty Corporation AGM 2 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 24 Apr 19 Duke Realty Corporation AGM 3 Opposed Agenda item : Ratify KPMG LLP as Auditor. UBS note : The tenure of auditor used by the company exceeds 20 years. 24 Apr 19 EDP-Energias de Portugal SA AGM 1 For Agenda item : Approve Individual and Consolidated Financial Statements and Statutory Reports. 24 Apr 19 EDP-Energias de Portugal SA AGM 2 For Agenda item : Approve Allocation of Income. 24 Apr 19 EDP-Energias de Portugal SA AGM 3.1 For Agenda item : Appraise Management of Company and Approve Vote of Confidence to Management Board. 24 Apr 19 EDP-Energias de Portugal SA AGM 3.2 For Agenda item : Appraise Supervision of Company and Approve Vote of Confidence to Supervisory Board. 24 Apr 19 EDP-Energias de Portugal SA AGM 3.3 For Agenda item : Appraise Work Performed by Statutory Auditor and Approve Vote of Confidence to Statutory Auditor.

33 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 EDP-Energias de Portugal SA AGM 4 For Agenda item : Authorise Repurchase and Reissuance of Shares. 24 Apr 19 EDP-Energias de Portugal SA AGM 5 For Agenda item : Authorise Repurchase and Reissuance of Debt Instruments. 24 Apr 19 EDP-Energias de Portugal SA AGM 6 Opposed Agenda item : Approve Statement on Remuneration Policy Applicable to Executive Board. UBS note : Pay frameworks where long-term incentive plans have a performance period of less than three years do not provide adequate alignment with shareholders' long-term interests. 24 Apr 19 EDP-Energias de Portugal SA AGM 7 Opposed Agenda item : Approve Statement on Remuneration Policy Applicable to Other Corporate Bodies. UBS note : Pay frameworks where long-term incentive plans have a performance period of less than three years do not provide adequate alignment with shareholders' long-term interests. 24 Apr 19 EDP-Energias de Portugal SA AGM 8 For Agenda item : Elect General Meeting Board. 24 Apr 19 EDP-Energias de Portugal SA AGM 9 Opposed Agenda item : Amend Articles Re: Remove Voting Caps. 24 Apr 19 EP Global Opportunities Trust Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 24 Apr 19 EP Global Opportunities Trust Plc AGM 2 For Agenda item : Approve Remuneration Report. 24 Apr 19 EP Global Opportunities Trust Plc AGM 3 For Agenda item : Approve Remuneration Policy. 24 Apr 19 EP Global Opportunities Trust Plc AGM 4 For Agenda item : Approve Final Dividend. 24 Apr 19 EP Global Opportunities Trust Plc AGM 5 For Agenda item : Approve Special Dividend. 24 Apr 19 EP Global Opportunities Trust Plc AGM 6 For Agenda item : Reappoint Ernst & Young LLP as Auditors. 24 Apr 19 EP Global Opportunities Trust Plc AGM 7 For Agenda item : Authorise the Audit and Management Engagement Committee to Fix Remuneration of Auditors. 24 Apr 19 EP Global Opportunities Trust Plc AGM 8 For Agenda item : Elect Tom Walker as Director. 24 Apr 19 EP Global Opportunities Trust Plc AGM 9 For Agenda item : Re-elect Teddy Tulloch as Director. 24 Apr 19 EP Global Opportunities Trust Plc AGM 10 For Agenda item : Re-elect David Hough as Director. 24 Apr 19 EP Global Opportunities Trust Plc AGM 11 For Agenda item : Re-elect David Ross as Director. 24 Apr 19 EP Global Opportunities Trust Plc AGM 12 For Agenda item : Authorise Market Purchase of Ordinary Shares. 24 Apr 19 EP Global Opportunities Trust Plc AGM 13 For Agenda item : Authorise Issue of Equity. 24 Apr 19 EP Global Opportunities Trust Plc AGM 14 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights.

UBS Asset Management 34 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 EP Global Opportunities Trust Plc AGM 15 For Agenda item : Authorise Directors to Sell Treasury Shares for Cash at a Discount to Net Asset Value. 24 Apr 19 EP Global Opportunities Trust Plc AGM 16 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 24 Apr 19 Eaton Corporation plc AGM 1a Opposed Agenda item : Elect Director Craig Arnold. UBS note : We believe there should be an appropriate counterbalance when the positions of CEO and Chair are combined. 24 Apr 19 Eaton Corporation plc AGM 1b Opposed Agenda item : Elect Director Todd M. Bluedorn. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 24 Apr 19 Eaton Corporation plc AGM 1c Opposed Agenda item : Elect Director Christopher M. Connor. UBS note : We will not support the election of non-independent, non-executive directors should the Audit Committee not comprise of 2/3 independent directors. 24 Apr 19 Eaton Corporation plc AGM 1d Opposed Agenda item : Elect Director Michael J. Critelli. UBS note : We will not support the election of a non-independent, non-executive directors who shall serve on the Nomination Committee where the committee is not made up of a majority of independent directors. 24 Apr 19 Eaton Corporation plc AGM 1e For Agenda item : Elect Director Richard H. Fearon. 24 Apr 19 Eaton Corporation plc AGM 1f For Agenda item : Elect Director Arthur E. Johnson. 24 Apr 19 Eaton Corporation plc AGM 1g For Agenda item : Elect Director Olivier Leonetti. 24 Apr 19 Eaton Corporation plc AGM 1h Opposed Agenda item : Elect Director Deborah L. McCoy. UBS note : We will not support the election of non-independent, non-executive directors should the Audit Committee not comprise of 2/3 independent directors. 24 Apr 19 Eaton Corporation plc AGM 1i For Agenda item : Elect Director Gregory R. Page. 24 Apr 19 Eaton Corporation plc AGM 1j For Agenda item : Elect Director Sandra Pianalto. 24 Apr 19 Eaton Corporation plc AGM 1k For Agenda item : Elect Director Gerald B. Smith.

35 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 Eaton Corporation plc AGM 1l For Agenda item : Elect Director Dorothy C. Thompson. 24 Apr 19 Eaton Corporation plc AGM 2 Opposed Agenda item : Approve Ernst & Young LLP as Auditor and Authorise Board to Fix Their Remuneration. UBS note : The tenure of auditor used by the company exceeds 20 years. 24 Apr 19 Eaton Corporation plc AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 24 Apr 19 Eaton Corporation plc AGM 4 For Agenda item : Authorise Issue of Equity with Pre-emptive Rights. 24 Apr 19 Eaton Corporation plc AGM 5 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 24 Apr 19 Eaton Corporation plc AGM 6 For Agenda item : Authorise Share Repurchase of Issued Share Capital. 24 Apr 19 Eiffage SA Annual/Special 1 For Agenda item : Approve Financial Statements and Statutory Reports. 24 Apr 19 Eiffage SA Annual/Special 2 For Agenda item : Approve Consolidated Financial Statements and Statutory Reports. 24 Apr 19 Eiffage SA Annual/Special 3 For Agenda item : Approve Allocation of Income and Dividends of EUR 2.40 per Share. 24 Apr 19 Eiffage SA Annual/Special 4 Opposed Agenda item : Renew Appointment of KPMG Audit IS as Auditor. UBS note : The tenure of auditor used by the company exceeds 20 years. 24 Apr 19 Eiffage SA Annual/Special 5 For Agenda item : Acknowledge End of Mandate of KPMG Audit ID as Alternate Auditor and Decision Not to Replace. 24 Apr 19 Eiffage SA Annual/Special 6 For Agenda item : Appoint Mazars as Auditor. 24 Apr 19 Eiffage SA Annual/Special 7 For Agenda item : Acknowledge End of Mandate of Annick Chaumartin as Alternate Auditor and Decision Not to Replace. 24 Apr 19 Eiffage SA Annual/Special 8 Opposed Agenda item : Re-elect Benoit de Ruffray as Director. UBS note : We believe there should be an appropriate counterbalance when the positions of CEO and Chair are combined. 24 Apr 19 Eiffage SA Annual/Special 9 For Agenda item : Re-elect Isabelle Salaun as Director. 24 Apr 19 Eiffage SA Annual/Special 10 For Agenda item : Re-elect Laurent Dupont as Representative of Employee Shareholders to the Board.

UBS Asset Management 36 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 Eiffage SA Annual/Special 11 For Agenda item : Approve Compensation of Benoit de Ruffray, Chairman and CEO. 24 Apr 19 Eiffage SA Annual/Special 12 For Agenda item : Approve Remuneration Policy for Chairman and CEO. 24 Apr 19 Eiffage SA Annual/Special 13 For Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital. 24 Apr 19 Eiffage SA Annual/Special 14 For Agenda item : Authorise Decrease in Share Capital via Cancellation of Repurchased Shares. 24 Apr 19 Eiffage SA Annual/Special 15 For Agenda item : Authorise Capitalization of Reserves of Up to EUR 80 Million for Bonus Issue or Increase in Par Value. 24 Apr 19 Eiffage SA Annual/Special 16 Opposed Agenda item : Authorise Issuance of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of EUR 156.8 Million. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 24 Apr 19 Eiffage SA Annual/Special 17 For Agenda item : Authorise Issuance of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of EUR 39.2 Million. 24 Apr 19 Eiffage SA Annual/Special 18 For Agenda item : Approve Issuance of Equity or Equity-Linked Securities for Private Placements, up to Aggregate Nominal Amount of EUR 39.2 Million. 24 Apr 19 Eiffage SA Annual/Special 19 Opposed Agenda item : Authorise Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Under Items 16-18. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 24 Apr 19 Eiffage SA Annual/Special 20 For Agenda item : Authorise Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind. 24 Apr 19 Eiffage SA Annual/Special 21 For Agenda item : Set Total Limit for Capital Increase to Result from Issuance

37 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments Requests Under Items 17,18 and 20 at EUR 39.2 Million. 24 Apr 19 Eiffage SA Annual/Special 22 Opposed Agenda item : Authorise Capital Issuances for Use in Employee Stock Purchase Plans. UBS note : While we are normally supportive of all-employee schemes, in this occasion we are concerned that the scheme is overly dilutive and therefore not in current shareholders' best interest. 24 Apr 19 Eiffage SA Annual/Special 23 For Agenda item : Authorise Filing of Required Documents/Other Formalities. 24 Apr 19 Fuller, Smith & Turner Plc EGM 1 For Agenda item : Approve the Ordinary Disposal Resolution. 24 Apr 19 Fuller, Smith & Turner Plc EGM 2 For Agenda item : Approve the A Ordinary Disposal Resolution. 24 Apr 19 Fuller, Smith & Turner Plc EGM 3 Opposed Agenda item : Approve Simon Dodd Payments. UBS note : We will not support golden parachute/termination payments where the cap is not in line with best market practice. 24 Apr 19 Fuller, Smith & Turner Plc EGM 4 Opposed Agenda item : Approve Jonathon Swaine Payments. UBS note : We will not support golden parachute/termination payments where the cap is not in line with best market practice. 24 Apr 19 Fuller, Smith & Turner Plc EGM 5 Opposed Agenda item : Approve Richard Fuller Payments. UBS note : We will not support golden parachute/termination payments where the cap is not in line with best market practice. 24 Apr 19 Glanbia Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 24 Apr 19 Glanbia Plc AGM 2 For Agenda item : Approve Final Dividend. 24 Apr 19 Glanbia Plc AGM 3a Opposed Agenda item : Re-elect Patsy Ahern as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 24 Apr 19 Glanbia Plc AGM 3b Opposed Agenda item : Re-elect Jer Doheny as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 24 Apr 19 Glanbia Plc AGM 3c For Agenda item : Re-elect Mark Garvey as Director. 24 Apr 19 Glanbia Plc AGM 3d Opposed Agenda item : Re-elect Vincent Gorman as Director. UBS note : We will not support the election of non-independent

UBS Asset Management 38 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments non-executive directors when when less than 1/3 of the Board is independent. 24 Apr 19 Glanbia Plc AGM 3e Opposed Agenda item : Re-elect Brendan Hayes as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 24 Apr 19 Glanbia Plc AGM 3f Opposed Agenda item : Re-elect Martin Keane as Director. UBS note : We will not support the election of non-independent directors when the Board, in its entirety, lacks independence. 24 Apr 19 Glanbia Plc AGM 3g Opposed Agenda item : Re-elect John Murphy as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 24 Apr 19 Glanbia Plc AGM 3h Opposed Agenda item : Re-elect Patrick Murphy as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 24 Apr 19 Glanbia Plc AGM 3i Opposed Agenda item : Re-elect Eamon Power as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 24 Apr 19 Glanbia Plc AGM 3j For Agenda item : Re-elect Siobhan Talbot as Director. 24 Apr 19 Glanbia Plc AGM 3k For Agenda item : Re-elect Patrick Coveney as Director. 24 Apr 19 Glanbia Plc AGM 3l For Agenda item : Re-elect Donard Gaynor as Director. 24 Apr 19 Glanbia Plc AGM 3m Opposed Agenda item : Re-elect Paul Haran as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 24 Apr 19 Glanbia Plc AGM 3n For Agenda item : Re-elect Dan O'Connor as Director. 24 Apr 19 Glanbia Plc AGM 4 For Agenda item : Authorise Board to Fix Remuneration of Auditors. 24 Apr 19 Glanbia Plc AGM 5 Opposed Agenda item : Approve Remuneration Report. UBS note : Salary increase is considered excessive and the company has provided insufficient explanation for the increase. 24 Apr 19 Glanbia Plc AGM 6 For Agenda item : Authorise Issue of Equity. 24 Apr 19 Glanbia Plc AGM 7 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights.

39 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 Glanbia Plc AGM 8 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 24 Apr 19 Glanbia Plc AGM 9 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 24 Apr 19 Golden Agri-Resources Ltd. AGM 1 For Agenda item : Adopt Financial Statements and Directors' and Auditors' Reports. 24 Apr 19 Golden Agri-Resources Ltd. AGM 2 For Agenda item : Approve Final Dividend. 24 Apr 19 Golden Agri-Resources Ltd. AGM 3 For Agenda item : Approve Directors' Fees. 24 Apr 19 Golden Agri-Resources Ltd. AGM 4 For Agenda item : Elect Kaneyalall Hawabhay as Director. 24 Apr 19 Golden Agri-Resources Ltd. AGM 5 For Agenda item : Elect Christian G H Gautier De CharnacÃ© as Director. 24 Apr 19 Golden Agri-Resources Ltd. AGM 6 For Agenda item : Elect Rafael Buhay Concepcion, Jr. as Director. 24 Apr 19 Golden Agri-Resources Ltd. AGM 7 Opposed Agenda item : Elect Franky Oesman Widjaja as Director. UBS note : We will not support the election of an Executive Director being elected to serve on the Compensation/Remuneration Committee. 24 Apr 19 Golden Agri-Resources Ltd. AGM 8 For Agenda item : Approve Moore Stephens LLP as Auditors and Authorise Board to Fix Their Remuneration. 24 Apr 19 Golden Agri-Resources Ltd. AGM 9 Opposed Agenda item : Approve Issuance of Equity or Equity-Linked Securities with or without Pre-emptive Rights. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 24 Apr 19 Golden Agri-Resources Ltd. AGM 10 For Agenda item : Authorise Share Repurchase Program. 24 Apr 19 Golden Agri-Resources Ltd. AGM 11 For Agenda item : Approve Mandate for Interested Person Transactions. 24 Apr 19 Herbalife Nutrition Ltd. AGM 1.1 Opposed Agenda item : Elect Director Michael O. Johnson. UBS note : We believe there should be an appropriate counterbalance when the positions of CEO and Chair are combined. 24 Apr 19 Herbalife Nutrition Ltd. AGM 1.10 For Agenda item : Elect Director Michael Montelongo. 24 Apr 19 Herbalife Nutrition Ltd. AGM 1.11 Opposed Agenda item : Elect Director James L. Nelson.

UBS Asset Management 40 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 24 Apr 19 Herbalife Nutrition Ltd. AGM 1.12 For Agenda item : Elect Director Maria Otero. 24 Apr 19 Herbalife Nutrition Ltd. AGM 1.13 For Agenda item : Elect Director Margarita Palau-Hernandez. 24 Apr 19 Herbalife Nutrition Ltd. AGM 1.14 For Agenda item : Elect Director John Tartol. 24 Apr 19 Herbalife Nutrition Ltd. AGM 1.2 For Agenda item : Elect Director Jeffrey T. Dunn. 24 Apr 19 Herbalife Nutrition Ltd. AGM 1.3 For Agenda item : Elect Director Richard H. Carmona. 24 Apr 19 Herbalife Nutrition Ltd. AGM 1.4 Opposed Agenda item : Elect Director Jonathan Christodoro. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 24 Apr 19 Herbalife Nutrition Ltd. AGM 1.5 Opposed Agenda item : Elect Director Hunter C. Gary. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 24 Apr 19 Herbalife Nutrition Ltd. AGM 1.6 For Agenda item : Elect Director Nicholas Graziano. 24 Apr 19 Herbalife Nutrition Ltd. AGM 1.7 For Agenda item : Elect Director Alan LeFevre. 24 Apr 19 Herbalife Nutrition Ltd. AGM 1.8 For Agenda item : Elect Director Jesse A. Lynn. 24 Apr 19 Herbalife Nutrition Ltd. AGM 1.9 For Agenda item : Elect Director Juan Miguel Mendoza. 24 Apr 19 Herbalife Nutrition Ltd. AGM 2 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 24 Apr 19 Herbalife Nutrition Ltd. AGM 3 For Agenda item : Ratify PricewaterhouseCoopers as Auditors. 24 Apr 19 Hong Kong Exchanges & Clearing Ltd. AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 24 Apr 19 Hong Kong Exchanges & Clearing Ltd. AGM 2 For Agenda item : Elect Apurv Bagri as Director. 24 Apr 19 Hong Kong Exchanges & Clearing Ltd. AGM 3 For Agenda item : Approve PricewaterhouseCoopers as Auditors and Authorise Board to Fix Their Remuneration. 24 Apr 19 Hong Kong Exchanges & Clearing Ltd. AGM 4 For Agenda item : Authorise Repurchase of Issued Share Capital. 24 Apr 19 Hong Kong Exchanges & Clearing Ltd. AGM 5 For Agenda item : Approve Issuance of Equity or Equity-Linked Securities without

41 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments Pre-emptive Rights. 24 Apr 19 Hong Kong Exchanges & Clearing Ltd. AGM 6a For Agenda item : Approve Remuneration Payable to the Chairman and Each of the Other Non-Executive Directors of HKEX. 24 Apr 19 Hong Kong Exchanges & Clearing Ltd. AGM 6b For Agenda item : Approve Remuneration Payable to the Chairman and Each of the Other Members in Respect of Each Committee. 24 Apr 19 Icade SA Annual/Special 1 For Agenda item : Approve Financial Statements and Statutory Reports. 24 Apr 19 Icade SA Annual/Special 2 For Agenda item : Approve Consolidated Financial Statements and Statutory Reports. 24 Apr 19 Icade SA Annual/Special 3 For Agenda item : Approve Allocation of Income and Dividends of EUR 4.60 per Share. 24 Apr 19 Icade SA Annual/Special 4 For Agenda item : Receive Auditors' Special Report on Related-Party Transactions. 24 Apr 19 Icade SA Annual/Special 5 For Agenda item : Renew Appointment of Mazars as Auditor. 24 Apr 19 Icade SA Annual/Special 6 For Agenda item : Acknowledge End of Mandate of Charles de Boisriou as Alternate Auditor and Decision to Neither Renew Nor Replace. 24 Apr 19 Icade SA Annual/Special 7 For Agenda item : Re-elect Caisse des Depots et Consignations as Director. 24 Apr 19 Icade SA Annual/Special 8 For Agenda item : Elect Wael Rizk as Director. 24 Apr 19 Icade SA Annual/Special 9 For Agenda item : Elect Emmanuel Chabas as Director. 24 Apr 19 Icade SA Annual/Special 10 For Agenda item : Elect Gonzague de Pirey as Director. 24 Apr 19 Icade SA Annual/Special 11 For Agenda item : Approve Remuneration of Directors in the Aggregate Amount of EUR 600,000. 24 Apr 19 Icade SA Annual/Special 12 For Agenda item : Approve Compensation of Andre Martinez, Chairman of the Board. 24 Apr 19 Icade SA Annual/Special 13 For Agenda item : Approve Compensation of Olivier Wigniolle, CEO. 24 Apr 19 Icade SA Annual/Special 14 For Agenda item : Approve Remuneration Policy of the Chairman of the Board. 24 Apr 19 Icade SA Annual/Special 15 For Agenda item : Approve Remuneration Policy of the CEO. 24 Apr 19 Icade SA Annual/Special 16 For Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital. 24 Apr 19 Icade SA Annual/Special 17 For Agenda item : Authorise Decrease in Share Capital via Cancellation of Repurchased Shares.

UBS Asset Management 42 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 Icade SA Annual/Special 18 For Agenda item : Authorise Capitalization of Reserves of Up to EUR 15 Million for Bonus Issue or Increase in Par Value. 24 Apr 19 Icade SA Annual/Special 19 For Agenda item : Authorise Filing of Required Documents/Other Formalities. 24 Apr 19 Kering SA Annual/Special 1 For Agenda item : Approve Financial Statements and Statutory Reports. 24 Apr 19 Kering SA Annual/Special 2 For Agenda item : Approve Consolidated Financial Statements and Statutory Reports. 24 Apr 19 Kering SA Annual/Special 3 For Agenda item : Approve Allocation of Income and Dividends of EUR 10.50 per Share. 24 Apr 19 Kering SA Annual/Special 4 For Agenda item : Ratify Appointment of Ginevra Elkann as Director. 24 Apr 19 Kering SA Annual/Special 5 For Agenda item : Ratify Appointment of Financiere Pinault as Director. 24 Apr 19 Kering SA Annual/Special 6 Opposed Agenda item : Approve Compensation of Francois-Henri Pinault, Chairman and CEO. UBS note : Executive pay granted/vested during the year is not aligned with performance. 24 Apr 19 Kering SA Annual/Special 7 Opposed Agenda item : Approve Compensation of Jean-Francois Palus, Vice-CEO. UBS note : Executive pay granted/vested during the year is not aligned with performance. 24 Apr 19 Kering SA Annual/Special 8 For Agenda item : Approve Remuneration Policy for Francois-Henri Pinault, Chairman and CEO. 24 Apr 19 Kering SA Annual/Special 9 For Agenda item : Approve Remuneration Policy for Jean-Francois Palus, Vice-CEO. 24 Apr 19 Kering SA Annual/Special 10 For Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital. 24 Apr 19 Kering SA Annual/Special 11 For Agenda item : Authorise Decrease in Share Capital via Cancellation of Repurchased Shares. 24 Apr 19 Kering SA Annual/Special 12 Opposed Agenda item : Authorise Issuance of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of EUR 200 Million. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are

43 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments potentially overly dilutive and therefore not in the interest of existing shareholders. 24 Apr 19 Kering SA Annual/Special 13 For Agenda item : Authorise Capitalization of Reserves of Up to EUR 200 Million for Bonus Issue or Increase in Par Value. 24 Apr 19 Kering SA Annual/Special 14 For Agenda item : Authorise Issuance of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of EUR 50 Million. 24 Apr 19 Kering SA Annual/Special 15 For Agenda item : Approve Issuance of Equity or Equity-Linked Securities Reserved for Qualified Investors or Restricted Number of Investors, up to Aggregate Nominal Amount of EUR 50 Million. 24 Apr 19 Kering SA Annual/Special 16 For Agenda item : Authorise Board to Set Issue Price for 5 Percent Per Year of Issued Capital Pursuant to Issue Authority without Pre-emptive Rights under Items 14 and 15. 24 Apr 19 Kering SA Annual/Special 17 Opposed Agenda item : Authorise Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Under Items 12, 14 and 15. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 24 Apr 19 Kering SA Annual/Special 18 For Agenda item : Authorise Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind. 24 Apr 19 Kering SA Annual/Special 19 For Agenda item : Authorise Capital Issuances for Use in Employee Stock Purchase Plans. 24 Apr 19 Kering SA Annual/Special 20 Opposed Agenda item : Amend Article 7 of Bylaws Re: Shareholding Disclosure Thresholds. UBS note : We will not support amendments to articles which are against shareholders' interests. 24 Apr 19 Kering SA Annual/Special 21 For Agenda item : Authorise Filing of Required Documents/Other Formalities. 24 Apr 19 Marathon Petroleum Corporation AGM 1a For Agenda item : Elect Director Evan Bayh.

UBS Asset Management 44 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 Marathon Petroleum Corporation AGM 1b For Agenda item : Elect Director Charles E. Bunch. 24 Apr 19 Marathon Petroleum Corporation AGM 1c For Agenda item : Elect Director Edward G. Galante. 24 Apr 19 Marathon Petroleum Corporation AGM 1d For Agenda item : Elect Director Kim K.W. Rucker. 24 Apr 19 Marathon Petroleum Corporation AGM 2 For Agenda item : Ratify PricewaterhouseCoopers LLP as Auditors. 24 Apr 19 Marathon Petroleum Corporation AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 24 Apr 19 Marathon Petroleum Corporation AGM 4 For Agenda item : Provide Right to Act by Written Consent. UBS note : We support resolutions that require the right to act by written consent, should they not be too restrictive and are in line with market practice. 24 Apr 19 Marathon Petroleum Corporation AGM 5 For Agenda item : Require Independent Board Chairman. UBS note : We normally support proposals to separate the positions of Chairman and CEO. 24 Apr 19 National Bank of Canada AGM 1.1 For Agenda item : Elect Director Raymond Bachand. 24 Apr 19 National Bank of Canada AGM 1.10 For Agenda item : Elect Director Robert Pare. 24 Apr 19 National Bank of Canada AGM 1.11 For Agenda item : Elect Director Lino A. Saputo, Jr. 24 Apr 19 National Bank of Canada AGM 1.12 For Agenda item : Elect Director Andree Savoie. 24 Apr 19 National Bank of Canada AGM 1.13 For Agenda item : Elect Director Pierre Thabet. 24 Apr 19 National Bank of Canada AGM 1.14 For Agenda item : Elect Director Louis Vachon. 24 Apr 19 National Bank of Canada AGM 1.2 For Agenda item : Elect Director Maryse Bertrand. 24 Apr 19 National Bank of Canada AGM 1.3 For Agenda item : Elect Director Pierre Blouin. 24 Apr 19 National Bank of Canada AGM 1.4 For Agenda item : Elect Director Pierre Boivin. 24 Apr 19 National Bank of Canada AGM 1.5 For Agenda item : Elect Director Patricia Curadeau-Grou. 24 Apr 19 National Bank of Canada AGM 1.6 For Agenda item : Elect Director Gillian H. Denham. 24 Apr 19 National Bank of Canada AGM 1.7 For Agenda item : Elect Director Jean Houde. 24 Apr 19 National Bank of Canada AGM 1.8 For Agenda item : Elect Director Karen Kinsley. 24 Apr 19 National Bank of Canada AGM 1.9 For Agenda item : Elect Director Rebecca McKillican. 24 Apr 19 National Bank of Canada AGM 2 For Agenda item : Advisory Vote on Executive Compensation Approach.

45 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 National Bank of Canada AGM 3 For Agenda item : Ratify Deloitte LLP as Auditors. 24 Apr 19 National Bank of Canada AGM 4 For Agenda item : Approve Increase in Aggregate Compensation Ceiling for Directors. 24 Apr 19 National Bank of Canada AGM 5 Opposed Agenda item : SP 3: Disclosure of the Equity Ratio Used by the Compensation Committee. 24 Apr 19 National Bank of Canada AGM 6 Opposed Agenda item : SP 4: Approve Creation of New Technologies Committee. 24 Apr 19 Olam International Limited AGM 1 For Agenda item : Adopt Financial Statements and Directors' and Auditors' Reports. 24 Apr 19 Olam International Limited AGM 2 For Agenda item : Approve Second and Final Dividend. 24 Apr 19 Olam International Limited AGM 3 For Agenda item : Elect Lim Ah Doo as Director. 24 Apr 19 Olam International Limited AGM 4 For Agenda item : Elect Sanjiv Misra as Director. 24 Apr 19 Olam International Limited AGM 5 For Agenda item : Elect Shekhar Anantharaman as Director. 24 Apr 19 Olam International Limited AGM 6 For Agenda item : Elect Kazuo Ito as Director. 24 Apr 19 Olam International Limited AGM 7 For Agenda item : Approve Directors' Fees. 24 Apr 19 Olam International Limited AGM 8 For Agenda item : Approve Ernst & Young LLP as Auditors and Authorise Board to Fix Their Remuneration. 24 Apr 19 Olam International Limited AGM 9 Opposed Agenda item : Approve Issuance of Equity or Equity-Linked Securities with or without Pre-emptive Rights. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 24 Apr 19 Olam International Limited AGM 10 For Agenda item : Authorise Share Repurchase Program. 24 Apr 19 Olam International Limited AGM 11 Opposed Agenda item : Approve Issuance of Shares Under the Olam Share Grant Plan. UBS note : The quantum of shares issuable to satisfy awards under the plan is overly dilutive for current shareholders. 24 Apr 19 Public Storage AGM 1.1 Opposed Agenda item : Elect Director Ronald L. Havner, Jr. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is

UBS Asset Management 46 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments independent. 24 Apr 19 Public Storage AGM 1.10 Opposed Agenda item : Elect Director Ronald P. Spogli. UBS note : We will not support the election of the Chair of the Nomination Committee where the gender balance on the Board is not considered to be in line with our expectation for this market. 24 Apr 19 Public Storage AGM 1.11 Opposed Agenda item : Elect Director Daniel C. Staton. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 24 Apr 19 Public Storage AGM 1.2 Opposed Agenda item : Elect Director Tamara Hughes Gustavson. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 24 Apr 19 Public Storage AGM 1.3 Opposed Agenda item : Elect Director Uri P. Harkham. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 24 Apr 19 Public Storage AGM 1.4 For Agenda item : Elect Director Leslie S. Heisz. 24 Apr 19 Public Storage AGM 1.5 Opposed Agenda item : Elect Director B. Wayne Hughes, Jr. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 24 Apr 19 Public Storage AGM 1.6 For Agenda item : Elect Director Avedick B. Poladian. 24 Apr 19 Public Storage AGM 1.7 Opposed Agenda item : Elect Director Gary E. Pruitt. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 24 Apr 19 Public Storage AGM 1.8 Opposed Agenda item : Elect Director John Reyes. UBS note : We will not support the election of non-independent

47 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments non-executive directors when when less than 50% of the Board is independent. 24 Apr 19 Public Storage AGM 1.9 For Agenda item : Elect Director Joseph D. Russell, Jr. 24 Apr 19 Public Storage AGM 2 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : Accelerated vesting of outstanding awards is contrary to the alignment between executive pay and shareholder long-term interest. 24 Apr 19 Public Storage AGM 3 Opposed Agenda item : Ratify Ernst & Young LLP as Auditors. UBS note : The tenure of auditor used by the company exceeds 20 years. 24 Apr 19 Regions Financial Corporation AGM 1a For Agenda item : Elect Director Carolyn H. Byrd. 24 Apr 19 Regions Financial Corporation AGM 1b For Agenda item : Elect Director Don DeFosset. 24 Apr 19 Regions Financial Corporation AGM 1c For Agenda item : Elect Director Samuel A. Di Piazza, Jr. 24 Apr 19 Regions Financial Corporation AGM 1d For Agenda item : Elect Director Eric C. Fast. 24 Apr 19 Regions Financial Corporation AGM 1e For Agenda item : Elect Director Zhanna Golodryga. 24 Apr 19 Regions Financial Corporation AGM 1f For Agenda item : Elect Director John D. Johns. 24 Apr 19 Regions Financial Corporation AGM 1g For Agenda item : Elect Director Ruth Ann Marshall. 24 Apr 19 Regions Financial Corporation AGM 1h For Agenda item : Elect Director Charles D. McCrary. 24 Apr 19 Regions Financial Corporation AGM 1i For Agenda item : Elect Director James T. Prokopanko. 24 Apr 19 Regions Financial Corporation AGM 1j For Agenda item : Elect Director Lee J. Styslinger, III. 24 Apr 19 Regions Financial Corporation AGM 1k For Agenda item : Elect Director Jose S. Suquet. 24 Apr 19 Regions Financial Corporation AGM 1l For Agenda item : Elect Director John M. Turner, Jr. 24 Apr 19 Regions Financial Corporation AGM 1m For Agenda item : Elect Director Timothy Vines. 24 Apr 19 Regions Financial Corporation AGM 2 For Agenda item : Ratify Ernst & Young LLP as Auditors. 24 Apr 19 Regions Financial Corporation AGM 3 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 24 Apr 19 SThree Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 24 Apr 19 SThree Plc AGM 2 For Agenda item : Approve Final Dividend. 24 Apr 19 SThree Plc AGM 3 For Agenda item : Approve Remuneration Report. 24 Apr 19 SThree Plc AGM 4 For Agenda item : Re-elect Alex Smith as Director.

UBS Asset Management 48 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 SThree Plc AGM 5 For Agenda item : Re-elect Justin Hughes as Director. 24 Apr 19 SThree Plc AGM 6 For Agenda item : Re-elect Anne Fahy as Director. 24 Apr 19 SThree Plc AGM 7 For Agenda item : Re-elect James Bilefield as Director. 24 Apr 19 SThree Plc AGM 8 For Agenda item : Re-elect Barrie Brien as Director. 24 Apr 19 SThree Plc AGM 9 For Agenda item : Re-elect Denise Collis as Director. 24 Apr 19 SThree Plc AGM 10 For Agenda item : Elect Mark Dorman as Director. 24 Apr 19 SThree Plc AGM 11 For Agenda item : Reappoint PricewaterhouseCoopers LLP as Auditors. 24 Apr 19 SThree Plc AGM 12 For Agenda item : Authorise Board to Fix Remuneration of Auditors. 24 Apr 19 SThree Plc AGM 13 For Agenda item : Authorise EU Political Donations and Expenditure. 24 Apr 19 SThree Plc AGM 14 For Agenda item : Authorise the Company to Offer Key Individuals the Opportunity to Purchase Shareholdings or Capital Interests in Certain of the Company's Subsidiaries. 24 Apr 19 SThree Plc AGM 15 For Agenda item : Authorise Issue of Equity with Pre-emptive Rights. 24 Apr 19 SThree Plc AGM 16 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 24 Apr 19 SThree Plc AGM 17 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 24 Apr 19 SThree Plc AGM 18 For Agenda item : Authorise Market Purchase of Ordinary Shares. 24 Apr 19 Teck Resources Ltd. AGM 1.1 For Agenda item : Elect Director Mayank M. Ashar. 24 Apr 19 Teck Resources Ltd. AGM 1.10 For Agenda item : Elect Director Sheila A. Murray. 24 Apr 19 Teck Resources Ltd. AGM 1.11 For Agenda item : Elect Director Tracey L. McVicar. 24 Apr 19 Teck Resources Ltd. AGM 1.12 For Agenda item : Elect Director Kenneth W. Pickering. 24 Apr 19 Teck Resources Ltd. AGM 1.13 For Agenda item : Elect Director Una M. Power. 24 Apr 19 Teck Resources Ltd. AGM 1.14 For Agenda item : Elect Director Timothy R. Snider. 24 Apr 19 Teck Resources Ltd. AGM 1.2 For Agenda item : Elect Director Dominic S. Barton. 24 Apr 19 Teck Resources Ltd. AGM 1.3 For Agenda item : Elect Director Quan Chong. 24 Apr 19 Teck Resources Ltd. AGM 1.4 For Agenda item : Elect Director Laura L. Dottori-Attanasio. 24 Apr 19 Teck Resources Ltd. AGM 1.5 For Agenda item : Elect Director Edward C. Dowling. 24 Apr 19 Teck Resources Ltd. AGM 1.6 For Agenda item : Elect Director Eiichi Fukuda. 24 Apr 19 Teck Resources Ltd. AGM 1.7 For Agenda item : Elect Director Norman B. Keevil, III.

49 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 Teck Resources Ltd. AGM 1.8 For Agenda item : Elect Director Takeshi Kubota. 24 Apr 19 Teck Resources Ltd. AGM 1.9 For Agenda item : Elect Director Donald R. Lindsay. 24 Apr 19 Teck Resources Ltd. AGM 2 For Agenda item : Approve PricewaterhouseCoopers LLP as Auditors and Authorise Board to Fix Their Remuneration. 24 Apr 19 Teck Resources Ltd. AGM 3 Opposed Agenda item : Advisory Vote on Executive Compensation Approach. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 24 Apr 19 Telenet Group Holding NV AGM 3 For Agenda item : Approve Financial Statements and Allocation of Income. 24 Apr 19 Telenet Group Holding NV AGM 4 Opposed Agenda item : Approve Remuneration Report. UBS note : We will vote against when the level of disclosure provided does not allow shareholders to make an informed assessment of executive remuneration granted during the year. 24 Apr 19 Telenet Group Holding NV AGM 5.i.a For Agenda item : Approve Discharge of Bert De Graeve. 24 Apr 19 Telenet Group Holding NV AGM 5.i.b For Agenda item : Approve Discharge of Jo Van Biesbroeck. 24 Apr 19 Telenet Group Holding NV AGM 5.i.c For Agenda item : Approve Discharge of Christiane Franck. 24 Apr 19 Telenet Group Holding NV AGM 5.i.d For Agenda item : Approve Discharge of John Porter. 24 Apr 19 Telenet Group Holding NV AGM 5.i.e For Agenda item : Approve Discharge of Charles H. Bracken. 24 Apr 19 Telenet Group Holding NV AGM 5.i.f For Agenda item : Approve Discharge of Jim Ryan. 24 Apr 19 Telenet Group Holding NV AGM 5.i.g For Agenda item : Approve Discharge of Diederik Karsten. 24 Apr 19 Telenet Group Holding NV AGM 5.i.h For Agenda item : Approve Discharge of Manuel Kohnstamm. 24 Apr 19 Telenet Group Holding NV AGM 5.i.i For Agenda item : Approve Discharge of Severina Pascu. 24 Apr 19 Telenet Group Holding NV AGM 5.i.j For Agenda item : Approve Discharge of Amy Blair. 24 Apr 19 Telenet Group Holding NV AGM 5.i.k For Agenda item : Approve Discharge of Dana Strong. 24 Apr 19 Telenet Group Holding NV AGM 5.i.l For Agenda item : Approve Discharge of Suzanne Schoettger. 24 Apr 19 Telenet Group Holding NV AGM 5.ii For Agenda item : Grant Interim Discharge to Diederik Karsten for the Fulfillment of His Mandate in FY 2018 Until His Resignation on February 12, 2019. 24 Apr 19 Telenet Group Holding NV AGM 6 For Agenda item : Approve Discharge of Auditor. 24 Apr 19 Telenet Group Holding NV AGM 7b For Agenda item : Re-elect JoVB BVBA, Permanently Represented by Jo Van Biesbroeck, as Independent Director.

UBS Asset Management 50 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 Telenet Group Holding NV AGM 7c Opposed Agenda item : Re-elect Manuel Kohnstamm as Director. UBS note : We will vote against any director who attended less than 75% of the Board meetings for the second consecutive year and without valid justification. 24 Apr 19 Telenet Group Holding NV AGM 7d For Agenda item : Elect Enrique Rodriguez as Director. 24 Apr 19 Telenet Group Holding NV AGM 7e For Agenda item : Approve Remuneration of Directors. 24 Apr 19 Telenet Group Holding NV AGM 8 Opposed Agenda item : Approve Change-of-Control Clause in Performance Shares Plans and Share Option Plan. UBS note : We will not support golden parachute/termination payments which vests automatically in full. 24 Apr 19 Telenet Group Holding NV EGM 1 For Agenda item : Approve Cancellation of Repurchased Shares. 24 Apr 19 Telenet Group Holding NV EGM 2 Opposed Agenda item : Authorise Repurchase of Up to 20 Percent of Issued Share Capital. UBS note : We will normally support share repurchase programs in line with local market regulations. Any proposals exceeding 15% will be given further consideration to ensure proposals are in the best interests of shareholders. 24 Apr 19 The Coca-Cola Company AGM 1.1 For Agenda item : Elect Director Herbert A. Allen. 24 Apr 19 The Coca-Cola Company AGM 1.10 For Agenda item : Elect Director Maria Elena Lagomasino. 24 Apr 19 The Coca-Cola Company AGM 1.11 For Agenda item : Elect Director James Quincey. 24 Apr 19 The Coca-Cola Company AGM 1.12 For Agenda item : Elect Director Caroline J. Tsay. 24 Apr 19 The Coca-Cola Company AGM 1.13 For Agenda item : Elect Director David B. Weinberg. 24 Apr 19 The Coca-Cola Company AGM 1.2 For Agenda item : Elect Director Ronald W. Allen. 24 Apr 19 The Coca-Cola Company AGM 1.3 For Agenda item : Elect Director Marc Bolland. 24 Apr 19 The Coca-Cola Company AGM 1.4 For Agenda item : Elect Director Ana Botin. 24 Apr 19 The Coca-Cola Company AGM 1.5 For Agenda item : Elect Director Christopher C. Davis. 24 Apr 19 The Coca-Cola Company AGM 1.6 Opposed Agenda item : Elect Director Barry Diller. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role.

51 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 The Coca-Cola Company AGM 1.7 For Agenda item : Elect Director Helene D. Gayle. 24 Apr 19 The Coca-Cola Company AGM 1.8 For Agenda item : Elect Director Alexis M. Herman. 24 Apr 19 The Coca-Cola Company AGM 1.9 For Agenda item : Elect Director Robert A. Kotick. 24 Apr 19 The Coca-Cola Company AGM 2 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 24 Apr 19 The Coca-Cola Company AGM 3 Opposed Agenda item : Ratify Ernst & Young LLP as Auditor. UBS note : The tenure of auditor used by the company exceeds 20 years. 24 Apr 19 The Coca-Cola Company AGM 4 For Agenda item : Require Independent Board Chairman. UBS note : We normally support proposals to separate the positions of Chairman and CEO. 24 Apr 19 The Coca-Cola Company AGM 5 For Agenda item : Report on the Health Impacts and Risks of Sugar in the Company's Products. UBS note : We are supportive of resolutions seeking reports from issuers on specific issues on the condition these are not overly demanding or beyond the remit of the company's reporting. 24 Apr 19 Venture Corporation Limited AGM 1 For Agenda item : Adopt Financial Statements and Directors' and Auditors' Reports. 24 Apr 19 Venture Corporation Limited AGM 2 For Agenda item : Approve Final Dividend. 24 Apr 19 Venture Corporation Limited AGM 3 For Agenda item : Elect Ms Tan Seok Hoong @ Audrey Liow as Director. 24 Apr 19 Venture Corporation Limited AGM 4 Opposed Agenda item : Elect Wong Ngit Liong as Director. UBS note : We believe there should be an appropriate counterbalance when the positions of CEO and Chair are combined. 24 Apr 19 Venture Corporation Limited AGM 5 Opposed Agenda item : Elect Koh Lee Boon as Director. UBS note : We expect the Lead Director to be independent. 24 Apr 19 Venture Corporation Limited AGM 6 For Agenda item : Approve Directors' Fees. 24 Apr 19 Venture Corporation Limited AGM 7 For Agenda item : Approve Deloitte & Touche LLP as Auditors and Authorise Board to Fix Their Remuneration. 24 Apr 19 Venture Corporation Limited AGM 8 For Agenda item : Approve Issuance of Equity or Equity-Linked Securities with or without Pre-emptive Rights.

UBS Asset Management 52 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 24 Apr 19 Venture Corporation Limited AGM 9 Opposed Agenda item : Approve Grant of Options and Issuance of Shares Under the Venture Corporation Executives' Share Option Scheme 2015. UBS note : The quantum of shares issuable to satisfy awards under the plan is overly dilutive for current shareholders. 24 Apr 19 Venture Corporation Limited AGM 10 For Agenda item : Authorise Share Repurchase Program. 24 Apr 19 W.W. Grainger, Inc. AGM 1.1 For Agenda item : Elect Director Rodney C. Adkins. 24 Apr 19 W.W. Grainger, Inc. AGM 1.10 Withhold Agenda item : Elect Director James D. Slavik. UBS note : Candidate is not considered independent and shall be serving on the compensation committee, which is not comprised of a majority of independent directors. 24 Apr 19 W.W. Grainger, Inc. AGM 1.11 For Agenda item : Elect Director Lucas E. Watson. 24 Apr 19 W.W. Grainger, Inc. AGM 1.2 Withhold Agenda item : Elect Director Brian P. Anderson. UBS note : Candidate is not considered independent and the level of independence of the audit committee is insufficient. 24 Apr 19 W.W. Grainger, Inc. AGM 1.3 Withhold Agenda item : Elect Director V. Ann Hailey. UBS note : Candidate is not considered independent and the level of independence of the audit committee is insufficient. 24 Apr 19 W.W. Grainger, Inc. AGM 1.4 Withhold Agenda item : Elect Director Stuart L. Levenick. UBS note : Candidate is not considered independent and shall be serving on the compensation committee, which is not comprised of a majority of independent directors. 24 Apr 19 W.W. Grainger, Inc. AGM 1.5 For Agenda item : Elect Director D.G. Macpherson. 24 Apr 19 W.W. Grainger, Inc. AGM 1.6 Withhold Agenda item : Elect Director Neil S. Novich. UBS note : Candidate is not considered independent and the level of independence of the audit committee is insufficient. 24 Apr 19 W.W. Grainger, Inc. AGM 1.7 For Agenda item : Elect Director Beatriz R. Perez. 24 Apr 19 W.W. Grainger, Inc. AGM 1.8 Withhold Agenda item : Elect Director Michael J. Roberts. UBS note : Candidate is not considered independent and shall be serving on the compensation committee, which is not comprised of a majority of

53 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments independent directors. 24 Apr 19 W.W. Grainger, Inc. AGM 1.9 For Agenda item : Elect Director E. Scott Santi. 24 Apr 19 W.W. Grainger, Inc. AGM 2 For Agenda item : Ratify Ernst & Young LLP as Auditor. 24 Apr 19 W.W. Grainger, Inc. AGM 3 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 24 Apr 19 Wilmar International Limited AGM 1 For Agenda item : Adopt Financial Statements and Directors' and Auditors' Reports. 24 Apr 19 Wilmar International Limited AGM 2 For Agenda item : Approve Final Dividend. 24 Apr 19 Wilmar International Limited AGM 3 For Agenda item : Approve Directors' Fees. 24 Apr 19 Wilmar International Limited AGM 4 Opposed Agenda item : Elect Kuok Khoon Hong as Director. UBS note : We believe there should be an appropriate counterbalance when the positions of CEO and Chair are combined. 24 Apr 19 Wilmar International Limited AGM 5 For Agenda item : Elect Pua Seck Guan as Director. 24 Apr 19 Wilmar International Limited AGM 6 For Agenda item : Elect Kishore Mahbubani as Director. 24 Apr 19 Wilmar International Limited AGM 7 Opposed Agenda item : Elect Raymond Guy Young as Director. UBS note : We will not support the election of non-independent non-executive directors when less than 50% of the Board is independent. 24 Apr 19 Wilmar International Limited AGM 8 For Agenda item : Elect Teo La-Mei as Director. 24 Apr 19 Wilmar International Limited AGM 9 For Agenda item : Approve Ernst & Young LLP as Auditors and Authorise Board to Fix Their Remuneration. 24 Apr 19 Wilmar International Limited AGM 10 Opposed Agenda item : Approve Issuance of Equity or Equity-Linked Securities with or without Pre-emptive Rights. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 24 Apr 19 Wilmar International Limited AGM 11 For Agenda item : Approve Mandate for Interested Person Transactions. 24 Apr 19 Wilmar International Limited AGM 12 For Agenda item : Authorise Share Repurchase Program. 24 Apr 19 Wilmar International Limited EGM 1 Opposed Agenda item : Adopt Wilmar Executives Share Option Scheme 2019.

UBS Asset Management 54 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : The quantum of shares issuable to satisfy awards under the plan is overly dilutive for current shareholders. 24 Apr 19 Wilmar International Limited EGM 2 Opposed Agenda item : Approve Grant of Options at a Discount Under the Wilmar Executives Share Option Scheme 2019. UBS note : The quantum of shares issuable to satisfy awards under the plan is overly dilutive for current shareholders. 24 Apr 19 Wilmar International Limited EGM 3 Opposed Agenda item : Approve Grant of Options and Issuance of Shares Under the Wilmar Executives Share Option Scheme 2019. UBS note : The quantum of shares issuable to satisfy awards under the plan is overly dilutive for current shareholders. 25 Apr 19 Admiral Group Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 25 Apr 19 Admiral Group Plc AGM 2 For Agenda item : Approve Remuneration Report. 25 Apr 19 Admiral Group Plc AGM 3 For Agenda item : Approve Final Dividend. 25 Apr 19 Admiral Group Plc AGM 4 For Agenda item : Elect Michael Brierley as Director. 25 Apr 19 Admiral Group Plc AGM 5 For Agenda item : Elect Karen Green as Director. 25 Apr 19 Admiral Group Plc AGM 6 For Agenda item : Re-elect Annette Court as Director. 25 Apr 19 Admiral Group Plc AGM 7 For Agenda item : Re-elect David Stevens as Director. 25 Apr 19 Admiral Group Plc AGM 8 For Agenda item : Re-elect Geraint Jones as Director. 25 Apr 19 Admiral Group Plc AGM 9 For Agenda item : Re-elect Jean Park as Director. 25 Apr 19 Admiral Group Plc AGM 10 For Agenda item : Re-elect Manning Rountree as Director. 25 Apr 19 Admiral Group Plc AGM 11 For Agenda item : Re-elect Owen Clarke as Director. 25 Apr 19 Admiral Group Plc AGM 12 For Agenda item : Re-elect Justine Roberts as Director. 25 Apr 19 Admiral Group Plc AGM 13 For Agenda item : Re-elect Andrew Crossley as Director. 25 Apr 19 Admiral Group Plc AGM 14 For Agenda item : Reappoint Deloitte LLP as Auditors. 25 Apr 19 Admiral Group Plc AGM 15 For Agenda item : Authorise the Audit Committee to Fix Remuneration of Auditors. 25 Apr 19 Admiral Group Plc AGM 16 For Agenda item : Authorise EU Political Donations and Expenditure. 25 Apr 19 Admiral Group Plc AGM 17 For Agenda item : Authorise Issue of Equity. 25 Apr 19 Admiral Group Plc AGM 18 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights.

55 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Admiral Group Plc AGM 19 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 25 Apr 19 Admiral Group Plc AGM 20 For Agenda item : Authorise Market Purchase of Ordinary Shares. 25 Apr 19 Admiral Group Plc AGM 21 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 25 Apr 19 Aggreko Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 25 Apr 19 Aggreko Plc AGM 2 For Agenda item : Approve Remuneration Report. 25 Apr 19 Aggreko Plc AGM 3 For Agenda item : Approve Final Dividend. 25 Apr 19 Aggreko Plc AGM 4 For Agenda item : Re-elect Ken Hanna as Director. 25 Apr 19 Aggreko Plc AGM 5 For Agenda item : Re-elect Chris Weston as Director. 25 Apr 19 Aggreko Plc AGM 6 For Agenda item : Re-elect Heath Drewett as Director. 25 Apr 19 Aggreko Plc AGM 7 For Agenda item : Re-elect Dame Nicola Brewer as Director. 25 Apr 19 Aggreko Plc AGM 8 For Agenda item : Re-elect Barbara Jeremiah as Director. 25 Apr 19 Aggreko Plc AGM 9 For Agenda item : Re-elect Uwe Krueger as Director. 25 Apr 19 Aggreko Plc AGM 10 For Agenda item : Re-elect Diana Layfield as Director. 25 Apr 19 Aggreko Plc AGM 11 For Agenda item : Re-elect Ian Marchant as Director. 25 Apr 19 Aggreko Plc AGM 12 For Agenda item : Re-elect Miles Roberts as Director. 25 Apr 19 Aggreko Plc AGM 13 For Agenda item : Reappoint KPMG LLP as Auditors. 25 Apr 19 Aggreko Plc AGM 14 For Agenda item : Authorise the Audit Committee to Fix Remuneration of Auditors. 25 Apr 19 Aggreko Plc AGM 15 For Agenda item : Authorise Issue of Equity. 25 Apr 19 Aggreko Plc AGM 16 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 25 Apr 19 Aggreko Plc AGM 17 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 25 Apr 19 Aggreko Plc AGM 18 For Agenda item : Authorise Market Purchase of Ordinary Shares. 25 Apr 19 Aggreko Plc AGM 19 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 25 Apr 19 Akzo Nobel NV AGM 3.a For Agenda item : Adopt Financial Statements. 25 Apr 19 Akzo Nobel NV AGM 3.c For Agenda item : Approve Dividends of EUR 1.80 Per Share.

UBS Asset Management 56 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Akzo Nobel NV AGM 4.a For Agenda item : Approve Discharge of Management Board. 25 Apr 19 Akzo Nobel NV AGM 4.b For Agenda item : Approve Discharge of Supervisory Board. 25 Apr 19 Akzo Nobel NV AGM 5.a For Agenda item : Elect J. Poots-Bijl to Supervisory Board. 25 Apr 19 Akzo Nobel NV AGM 5.b For Agenda item : Re-elect D.M. Sluimers to Supervisory Board. 25 Apr 19 Akzo Nobel NV AGM 6.a For Agenda item : Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital. 25 Apr 19 Akzo Nobel NV AGM 6.b For Agenda item : Authorise Board to Exclude Pre-emptive Rights from Share Issuances. 25 Apr 19 Akzo Nobel NV AGM 7 For Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital. 25 Apr 19 Akzo Nobel NV AGM 8 For Agenda item : Approve Cancellation of Repurchased Shares. 25 Apr 19 Alliance Trust Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 25 Apr 19 Alliance Trust Plc AGM 2 For Agenda item : Approve Remuneration Report. 25 Apr 19 Alliance Trust Plc AGM 3 For Agenda item : Approve Remuneration Policy. 25 Apr 19 Alliance Trust Plc AGM 4 For Agenda item : Approve Increase in the Maximum Aggregate Annual Remuneration of Directors. 25 Apr 19 Alliance Trust Plc AGM 5 For Agenda item : Re-elect Lord Smith of Kelvin as Director. 25 Apr 19 Alliance Trust Plc AGM 6 For Agenda item : Re-elect Anthony Brooke as Director. 25 Apr 19 Alliance Trust Plc AGM 7 For Agenda item : Re-elect Clare Dobie as Director. 25 Apr 19 Alliance Trust Plc AGM 8 For Agenda item : Re-elect Christopher Samuel as Director. 25 Apr 19 Alliance Trust Plc AGM 9 For Agenda item : Re-elect Karl Sternberg as Director. 25 Apr 19 Alliance Trust Plc AGM 10 For Agenda item : Re-elect Gregor Stewart as Director. 25 Apr 19 Alliance Trust Plc AGM 11 For Agenda item : Reappoint Deloitte LLP as Auditors. 25 Apr 19 Alliance Trust Plc AGM 12 For Agenda item : Authorise Board to Fix Remuneration of Auditors. 25 Apr 19 Alliance Trust Plc AGM 13 For Agenda item : Amend the Investment Objective and Policy of the Company. 25 Apr 19 Alliance Trust Plc AGM 14 For Agenda item : Authorise Market Purchase of Ordinary Shares. 25 Apr 19 Alliance Trust Plc AGM 15 For Agenda item : Authorise Directors to Sell Treasury Shares for Cash. 25 Apr 19 Alliance Trust Plc AGM 16 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice.

57 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Alnylam Pharmaceuticals, Inc. AGM 1a For Agenda item : Elect Director Margaret A. Hamburg. 25 Apr 19 Alnylam Pharmaceuticals, Inc. AGM 1b Opposed Agenda item : Elect Director Steven M. Paul. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 25 Apr 19 Alnylam Pharmaceuticals, Inc. AGM 1c For Agenda item : Elect Director Colleen F. Reitan. 25 Apr 19 Alnylam Pharmaceuticals, Inc. AGM 1d For Agenda item : Elect Director Amy W. Schulman. 25 Apr 19 Alnylam Pharmaceuticals, Inc. AGM 2 For Agenda item : Provide Right to Call Special Meeting. 25 Apr 19 Alnylam Pharmaceuticals, Inc. AGM 3 For Agenda item : Increase Authorised Common Stock. 25 Apr 19 Alnylam Pharmaceuticals, Inc. AGM 4 For Agenda item : Amend Omnibus Stock Plan. 25 Apr 19 Alnylam Pharmaceuticals, Inc. AGM 5 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 25 Apr 19 Alnylam Pharmaceuticals, Inc. AGM 6 For Agenda item : Ratify PricewaterhouseCoopers LLP as Auditor. 25 Apr 19 Aptiv PLC AGM 1 For Agenda item : Elect Director Kevin P. Clark. 25 Apr 19 Aptiv PLC AGM 2 For Agenda item : Elect Director Nancy E. Cooper. 25 Apr 19 Aptiv PLC AGM 3 For Agenda item : Elect Director Frank J. Dellaquila. 25 Apr 19 Aptiv PLC AGM 4 For Agenda item : Elect Director Nicholas M. Donofrio. 25 Apr 19 Aptiv PLC AGM 5 For Agenda item : Elect Director Mark P. Frissora. 25 Apr 19 Aptiv PLC AGM 6 Opposed Agenda item : Elect Director Rajiv L. Gupta. UBS note : We support gender diversity at board level and encourage companies to develop a policy to increase female representation at board level and in senior positions. Currently the board has a lower percentage of female members than best practice in this market. 25 Apr 19 Aptiv PLC AGM 7 For Agenda item : Elect Director Sean O. Mahoney. 25 Apr 19 Aptiv PLC AGM 8 For Agenda item : Elect Director Robert K. Ortberg. 25 Apr 19 Aptiv PLC AGM 9 For Agenda item : Elect Director Colin J. Parris. 25 Apr 19 Aptiv PLC AGM 10 For Agenda item : Elect Director Ana G. Pinczuk. 25 Apr 19 Aptiv PLC AGM 11 For Agenda item : Elect Director Lawrence A. Zimmerman. 25 Apr 19 Aptiv PLC AGM 12 For Agenda item : Approve Ernst & Young LLP as Auditors and Authorise Board to

UBS Asset Management 58 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments Fix Their Remuneration. 25 Apr 19 Aptiv PLC AGM 13 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 25 Apr 19 Avery Dennison Corporation AGM 1a For Agenda item : Elect Director Bradley A. Alford. 25 Apr 19 Avery Dennison Corporation AGM 1b For Agenda item : Elect Director Anthony K. Anderson. 25 Apr 19 Avery Dennison Corporation AGM 1c Opposed Agenda item : Elect Director Peter K. Barker. UBS note : Candidate is not considered independent and the level of independence of the committee is insufficient. 25 Apr 19 Avery Dennison Corporation AGM 1d For Agenda item : Elect Director Mark J. Barrenechea. 25 Apr 19 Avery Dennison Corporation AGM 1e For Agenda item : Elect Director Mitchell R. Butier. 25 Apr 19 Avery Dennison Corporation AGM 1f For Agenda item : Elect Director Ken C. Hicks. 25 Apr 19 Avery Dennison Corporation AGM 1g For Agenda item : Elect Director Andres A. Lopez. 25 Apr 19 Avery Dennison Corporation AGM 1h Opposed Agenda item : Elect Director David E. I. Pyott. UBS note : Candidate is not considered independent and the level of independence of the committee is insufficient. 25 Apr 19 Avery Dennison Corporation AGM 1i For Agenda item : Elect Director Patrick T. Siewert. 25 Apr 19 Avery Dennison Corporation AGM 1j Opposed Agenda item : Elect Director Julia A. Stewart. UBS note : Candidate is not considered independent and the level of independence of the committee is insufficient. 25 Apr 19 Avery Dennison Corporation AGM 1k For Agenda item : Elect Director Martha N. Sullivan. 25 Apr 19 Avery Dennison Corporation AGM 2 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : To align with our own interests, long term performance should be measured over a period of at least three years. 25 Apr 19 Avery Dennison Corporation AGM 3 For Agenda item : Ratify PricewaterhouseCoopers LLP as Auditor. 25 Apr 19 Bouygues SA Annual/Special 1 For Agenda item : Approve Financial Statements and Statutory Reports. 25 Apr 19 Bouygues SA Annual/Special 2 For Agenda item : Approve Consolidated Financial Statements and Statutory Reports. 25 Apr 19 Bouygues SA Annual/Special 3 For Agenda item : Approve Allocation of Income and Dividends of EUR 1.70 per

59 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments Share. 25 Apr 19 Bouygues SA Annual/Special 4 Opposed Agenda item : Approve Auditors' Special Report on Related-Party Transactions. UBS note : We will not support related party transactions that are not in line with shareholders' interests and/or when disclosure is below best market practice. 25 Apr 19 Bouygues SA Annual/Special 5 For Agenda item : Approve Additional Pension Scheme Agreement with Martin Bouygues, Chairman and CEO. 25 Apr 19 Bouygues SA Annual/Special 6 For Agenda item : Approve Additional Pension Scheme Agreement with Olivier Bouygues, Vice-CEO. 25 Apr 19 Bouygues SA Annual/Special 7 Opposed Agenda item : Approve Compensation of Martin Bouygues, Chairman and CEO. UBS note : Executive pay granted/vested during the year is not aligned with performance. 25 Apr 19 Bouygues SA Annual/Special 8 Opposed Agenda item : Approve Compensation of Olivier Bouygues, Vice-CEO. UBS note : Executive pay granted/vested during the year is not aligned with performance. 25 Apr 19 Bouygues SA Annual/Special 9 Opposed Agenda item : Approve Compensation of Philippe Marien, Vice-CEO. UBS note : Executive pay granted/vested during the year is not aligned with performance. 25 Apr 19 Bouygues SA Annual/Special 10 Opposed Agenda item : Approve Compensation of Olivier Roussat, Vice-CEO. UBS note : Executive pay granted/vested during the year is not aligned with performance. 25 Apr 19 Bouygues SA Annual/Special 11 Opposed Agenda item : Approve Remuneration Policy of Chairman, CEO and Vice-CEOs. UBS note : The disclosure provided does not allow shareholders to make an informed assessment of the proposed remuneration policy. 25 Apr 19 Bouygues SA Annual/Special 12 For Agenda item : Re-elect Olivier Bouygues as Director. 25 Apr 19 Bouygues SA Annual/Special 13 For Agenda item : Re-elect Clara Gaymard as Director.

UBS Asset Management 60 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Bouygues SA Annual/Special 14 For Agenda item : Re-elect Colette Lewiner as Director. 25 Apr 19 Bouygues SA Annual/Special 15 Opposed Agenda item : Re-elect Rose-Marie Van Lerberghe as Director. UBS note : We will vote against any director who attended less than 75% of the Board meetings for the second consecutive year and without valid justification. 25 Apr 19 Bouygues SA Annual/Special 16 For Agenda item : Re-elect Michele Vilain as Director. 25 Apr 19 Bouygues SA Annual/Special 17 Opposed Agenda item : Re-elect SCDM as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 25 Apr 19 Bouygues SA Annual/Special 18 Opposed Agenda item : Re-elect SCDM Participations as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 25 Apr 19 Bouygues SA Annual/Special 19 For Agenda item : Elect Raphaelle Deflesselle as Director. 25 Apr 19 Bouygues SA Annual/Special 20 Opposed Agenda item : Authorise Repurchase of Up to 5 Percent of Issued Share Capital. UBS note : We will not support the introduction of takeover defence mechanisms such as Poison Pills. Such proposals are not in the interests of shareholders. 25 Apr 19 Bouygues SA Annual/Special 21 For Agenda item : Authorise Decrease in Share Capital via Cancellation of Repurchased Shares. 25 Apr 19 Bouygues SA Annual/Special 22 Opposed Agenda item : Authorise Issuance of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of EUR 150 Million. UBS note : We are not supportive of authorities that could be used as an anti-takeover device and potentially help to entrench underperforming management. 25 Apr 19 Bouygues SA Annual/Special 23 Opposed Agenda item : Authorise Capitalization of Reserves of Up to EUR 4 Billion for Bonus Issue or Increase in Par Value.

61 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : We are not supportive of authorities that could be used as an anti-takeover device and potentially help to entrench underperforming management. 25 Apr 19 Bouygues SA Annual/Special 24 Opposed Agenda item : Authorise Issuance of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of EUR 85 Million. UBS note : We are not supportive of authorities that could be used as an anti-takeover device and potentially help to entrench underperforming management. 25 Apr 19 Bouygues SA Annual/Special 25 Opposed Agenda item : Approve Issuance of Equity or Equity-Linked Securities for Private Placements, up to Aggregate Nominal Amount of EUR 75 Million. UBS note : We are not supportive of authorities that could be used as an anti-takeover device and potentially help to entrench underperforming management. 25 Apr 19 Bouygues SA Annual/Special 26 Opposed Agenda item : Authorise Board to Set Issue Price for 10 Percent Per Year of Issued Capital Pursuant to Issue Authority without Pre-emptive Rights. UBS note : We are not supportive of authorities that could be used as an anti-takeover device and potentially help to entrench underperforming management. 25 Apr 19 Bouygues SA Annual/Special 27 Opposed Agenda item : Authorise Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above. UBS note : We are not supportive of authorities that could be used as an anti-takeover device and potentially help to entrench underperforming management. 25 Apr 19 Bouygues SA Annual/Special 28 Opposed Agenda item : Authorise Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind. UBS note : We are not supportive of authorities that could be used as an anti-takeover device and potentially help to entrench underperforming management. 25 Apr 19 Bouygues SA Annual/Special 29 Opposed Agenda item : Authorise Capital Increase of Up to EUR 85 Million for Future

UBS Asset Management 62 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments Exchange Offers. UBS note : We are not supportive of authorities that could be used as an anti-takeover device and potentially help to entrench underperforming management. 25 Apr 19 Bouygues SA Annual/Special 30 Opposed Agenda item : Authorise Issuance of Equity upon Conversion of a Subsidiary's Equity-Linked Securities for up to EUR 85 Million. UBS note : We are not supportive of authorities that could be used as an anti-takeover device and potentially help to entrench underperforming management. 25 Apr 19 Bouygues SA Annual/Special 31 Opposed Agenda item : Authorise Capital Issuances for Use in Employee Stock Purchase Plans. UBS note : While we are normally supportive of all-employee schemes, in this occasion we are concerned that the scheme is overly dilutive and therefore not in current shareholders' best interest. 25 Apr 19 Bouygues SA Annual/Special 32 Opposed Agenda item : Authorise up to 2 Percent of Issued Capital for Use in Stock Option Plans. UBS note : The disclosure provided does not allow shareholders to make an informed assessment of the Plan. 25 Apr 19 Bouygues SA Annual/Special 33 Opposed Agenda item : Authorise up to 1 Percent of Issued Capital for Use in Restricted Stock Plans. UBS note : The disclosure provided does not allow shareholders to make an informed assessment of the Plan. 25 Apr 19 Bouygues SA Annual/Special 34 Opposed Agenda item : Authorise Board to Issue Free Warrants with Pre-emptive Rights During a Public Tender Offer. UBS note : We will not support the introduction of takeover defence mechanisms such as Poison Pills. Such proposals are not in the interests of shareholders. 25 Apr 19 Bouygues SA Annual/Special 35 For Agenda item : Authorise Filing of Required Documents/Other Formalities. 25 Apr 19 British American Tobacco plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports.

63 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 British American Tobacco plc AGM 2 For Agenda item : Approve Remuneration Policy. 25 Apr 19 British American Tobacco plc AGM 3 Opposed Agenda item : Approve Remuneration Report. UBS note : Yearly pension contribution rates exceed 30% of salary and are considered excessive. 25 Apr 19 British American Tobacco plc AGM 4 For Agenda item : Reappoint KPMG LLP as Auditors. 25 Apr 19 British American Tobacco plc AGM 5 For Agenda item : Authorise the Audit Committee to Fix Remuneration of Auditors. 25 Apr 19 British American Tobacco plc AGM 6 For Agenda item : Re-elect Richard Burrows as Director. 25 Apr 19 British American Tobacco plc AGM 7 For Agenda item : Re-elect Sue Farr as Director. 25 Apr 19 British American Tobacco plc AGM 8 For Agenda item : Re-elect Dr Marion Helmes as Director. 25 Apr 19 British American Tobacco plc AGM 9 Opposed Agenda item : Re-elect Luc Jobin as Director. UBS note : Candidate is not considered independent and is serving on a committee that should be fully independent. 25 Apr 19 British American Tobacco plc AGM 10 Opposed Agenda item : Re-elect Holly Koeppel as Director. UBS note : Candidate is not considered independent and is serving on a committee that should be fully independent. 25 Apr 19 British American Tobacco plc AGM 11 For Agenda item : Re-elect Savio Kwan as Director. 25 Apr 19 British American Tobacco plc AGM 12 For Agenda item : Re-elect Dimitri Panayotopoulos as Director. 25 Apr 19 British American Tobacco plc AGM 13 For Agenda item : Re-elect Kieran Poynter as Director. 25 Apr 19 British American Tobacco plc AGM 14 For Agenda item : Re-elect Ben Stevens as Director. 25 Apr 19 British American Tobacco plc AGM 15 For Agenda item : Elect Jack Bowles as Director. 25 Apr 19 British American Tobacco plc AGM 16 For Agenda item : Authorise Issue of Equity. 25 Apr 19 British American Tobacco plc AGM 17 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 25 Apr 19 British American Tobacco plc AGM 18 For Agenda item : Authorise Market Purchase of Ordinary Shares. 25 Apr 19 British American Tobacco plc AGM 19 For Agenda item : Authorise EU Political Donations and Expenditure. 25 Apr 19 British American Tobacco plc AGM 20 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 25 Apr 19 CLS Holdings Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 25 Apr 19 CLS Holdings Plc AGM 2 Opposed Agenda item : Approve Remuneration Report.

UBS Asset Management 64 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : Pay frameworks where short-term incentives are more valuable than long-term incentives do not provide adequate alignment with shareholders' long-term interests. 25 Apr 19 CLS Holdings Plc AGM 3 For Agenda item : Approve Final Dividend. 25 Apr 19 CLS Holdings Plc AGM 4 For Agenda item : Re-elect Henry Klotz as Director. 25 Apr 19 CLS Holdings Plc AGM 5 Opposed Agenda item : Re-elect Anna Seeley as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 25 Apr 19 CLS Holdings Plc AGM 6 For Agenda item : Re-elect Fredrik Widlund as Director. 25 Apr 19 CLS Holdings Plc AGM 7 For Agenda item : Re-elect John Whiteley as Director. 25 Apr 19 CLS Holdings Plc AGM 8 For Agenda item : Re-elect Sten Mortstedt as Director. 25 Apr 19 CLS Holdings Plc AGM 9 Opposed Agenda item : Re-elect Malcolm Cooper as Director. UBS note : We expect the Lead Director to be independent. 25 Apr 19 CLS Holdings Plc AGM 10 For Agenda item : Re-elect Elizabeth Edwards as Director. 25 Apr 19 CLS Holdings Plc AGM 11 Opposed Agenda item : Re-elect Christopher Jarvis as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 25 Apr 19 CLS Holdings Plc AGM 12 Opposed Agenda item : Re-elect Bengt Mortstedt as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 25 Apr 19 CLS Holdings Plc AGM 13 For Agenda item : Re-elect Lennart Sten as Director. 25 Apr 19 CLS Holdings Plc AGM 14 For Agenda item : Reappoint Deloitte LLP as Auditors. 25 Apr 19 CLS Holdings Plc AGM 15 For Agenda item : Authorise Board to Fix Remuneration of Auditors. 25 Apr 19 CLS Holdings Plc AGM 16 For Agenda item : Authorise Issue of Equity. 25 Apr 19 CLS Holdings Plc AGM 17 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 25 Apr 19 CLS Holdings Plc AGM 18 For Agenda item : Authorise Market Purchase of Ordinary Shares. 25 Apr 19 CLS Holdings Plc AGM 19 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 25 Apr 19 CRH Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports.

65 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 CRH Plc AGM 2 For Agenda item : Approve Final Dividend. 25 Apr 19 CRH Plc AGM 3 Opposed Agenda item : Approve Remuneration Report. UBS note : Yearly pension contribution rates exceed 30% of salary and are considered excessive. 25 Apr 19 CRH Plc AGM 4 For Agenda item : Approve Remuneration Policy. 25 Apr 19 CRH Plc AGM 5 For Agenda item : Approve Increase in the Limit of the Aggregate Fees for Non-executive Directors. 25 Apr 19 CRH Plc AGM 6a For Agenda item : Re-elect Richard Boucher as Director. 25 Apr 19 CRH Plc AGM 6b For Agenda item : Re-elect Nicky Hartery as Director. 25 Apr 19 CRH Plc AGM 6c For Agenda item : Re-elect Patrick Kennedy as Director. 25 Apr 19 CRH Plc AGM 6d For Agenda item : Re-elect Heather McSharry as Director. 25 Apr 19 CRH Plc AGM 6e For Agenda item : Re-elect Albert Manifold as Director. 25 Apr 19 CRH Plc AGM 6f For Agenda item : Re-elect Senan Murphy as Director. 25 Apr 19 CRH Plc AGM 6g For Agenda item : Re-elect Gillian Platt as Director. 25 Apr 19 CRH Plc AGM 6h For Agenda item : Elect Mary Rhinehart as Director. 25 Apr 19 CRH Plc AGM 6i For Agenda item : Re-elect Lucinda Riches as Director. 25 Apr 19 CRH Plc AGM 6j For Agenda item : Re-elect Henk Rottinghuis as Director. 25 Apr 19 CRH Plc AGM 6k For Agenda item : Elect Siobhan Talbot as Director. 25 Apr 19 CRH Plc AGM 6l For Agenda item : Re-elect William Teuber Jr. as Director. 25 Apr 19 CRH Plc AGM 7 For Agenda item : Authorise Board to Fix Remuneration of Auditors. 25 Apr 19 CRH Plc AGM 8 For Agenda item : Reappoint Ernst & Young as Auditors. 25 Apr 19 CRH Plc AGM 9 For Agenda item : Authorise Issue of Equity. 25 Apr 19 CRH Plc AGM 10 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 25 Apr 19 CRH Plc AGM 11 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 25 Apr 19 CRH Plc AGM 12 For Agenda item : Authorise Market Purchase of Ordinary Shares. 25 Apr 19 CRH Plc AGM 13 For Agenda item : Authorise Reissuance of Treasury Shares. 25 Apr 19 CRH Plc AGM 14 For Agenda item : Approve Scrip Dividend. 25 Apr 19 CenterPoint Energy, Inc. AGM 1a For Agenda item : Elect Director Leslie D. Biddle.

UBS Asset Management 66 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 CenterPoint Energy, Inc. AGM 1b For Agenda item : Elect Director Milton Carroll. 25 Apr 19 CenterPoint Energy, Inc. AGM 1c For Agenda item : Elect Director Scott J. McLean. 25 Apr 19 CenterPoint Energy, Inc. AGM 1d For Agenda item : Elect Director Martin H. Nesbitt. 25 Apr 19 CenterPoint Energy, Inc. AGM 1e For Agenda item : Elect Director Theodore F. Pound. 25 Apr 19 CenterPoint Energy, Inc. AGM 1f For Agenda item : Elect Director Scott M. Prochazka. 25 Apr 19 CenterPoint Energy, Inc. AGM 1g For Agenda item : Elect Director Susan O. Rheney. 25 Apr 19 CenterPoint Energy, Inc. AGM 1h For Agenda item : Elect Director Phillip R. Smith. 25 Apr 19 CenterPoint Energy, Inc. AGM 1i For Agenda item : Elect Director John W. Somerhalder, II. 25 Apr 19 CenterPoint Energy, Inc. AGM 1j For Agenda item : Elect Director Peter S. Wareing. 25 Apr 19 CenterPoint Energy, Inc. AGM 2 Opposed Agenda item : Ratify Deloitte & Touche LLP as Auditor. UBS note : The tenure of auditor used by the company exceeds 20 years. 25 Apr 19 CenterPoint Energy, Inc. AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 25 Apr 19 Citizens Financial Group, Inc. AGM 1.1 For Agenda item : Elect Director Bruce Van Saun. 25 Apr 19 Citizens Financial Group, Inc. AGM 1.10 For Agenda item : Elect Director Shivan Subramaniam. 25 Apr 19 Citizens Financial Group, Inc. AGM 1.11 For Agenda item : Elect Director Wendy A. Watson. 25 Apr 19 Citizens Financial Group, Inc. AGM 1.12 For Agenda item : Elect Director Marita Zuraitis. 25 Apr 19 Citizens Financial Group, Inc. AGM 1.2 For Agenda item : Elect Director Mark Casady. 25 Apr 19 Citizens Financial Group, Inc. AGM 1.3 For Agenda item : Elect Director Christine M. Cumming. 25 Apr 19 Citizens Financial Group, Inc. AGM 1.4 For Agenda item : Elect Director William P. Hankowsky. 25 Apr 19 Citizens Financial Group, Inc. AGM 1.5 For Agenda item : Elect Director Howard W. Hanna, III. 25 Apr 19 Citizens Financial Group, Inc. AGM 1.6 For Agenda item : Elect Director Leo I. "Lee" Higdon. 25 Apr 19 Citizens Financial Group, Inc. AGM 1.7 For Agenda item : Elect Director Edward J. "Ned" Kelly, III. 25 Apr 19 Citizens Financial Group, Inc. AGM 1.8 For Agenda item : Elect Director Charles J. "Bud" Koch. 25 Apr 19 Citizens Financial Group, Inc. AGM 1.9 For Agenda item : Elect Director Terrance J. Lillis. 25 Apr 19 Citizens Financial Group, Inc. AGM 2 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation.

67 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Citizens Financial Group, Inc. AGM 3 For Agenda item : Ratify Deloitte & Touche LLP as Auditors. 25 Apr 19 Cobham Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 25 Apr 19 Cobham Plc AGM 2 For Agenda item : Approve Remuneration Report. 25 Apr 19 Cobham Plc AGM 3 For Agenda item : Elect Marion Blakey as Director. 25 Apr 19 Cobham Plc AGM 4 For Agenda item : Re-elect Michael Wareing as Director. 25 Apr 19 Cobham Plc AGM 5 For Agenda item : Re-elect John McAdam as Director. 25 Apr 19 Cobham Plc AGM 6 For Agenda item : Re-elect Alison Wood as Director. 25 Apr 19 Cobham Plc AGM 7 For Agenda item : Re-elect Rene Medori as Director. 25 Apr 19 Cobham Plc AGM 8 For Agenda item : Re-elect Norton Schwartz as Director. 25 Apr 19 Cobham Plc AGM 9 For Agenda item : Re-elect David Lockwood as Director. 25 Apr 19 Cobham Plc AGM 10 For Agenda item : Re-elect David Mellors as Director. 25 Apr 19 Cobham Plc AGM 11 For Agenda item : Appoint EY as Auditors. 25 Apr 19 Cobham Plc AGM 12 For Agenda item : Authorise the Audit Committee to Fix Remuneration of Auditors. 25 Apr 19 Cobham Plc AGM 13 For Agenda item : Authorise Market Purchase of Ordinary Shares. 25 Apr 19 Cobham Plc AGM 14 For Agenda item : Authorise Issue of Equity. 25 Apr 19 Cobham Plc AGM 15 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 25 Apr 19 Cobham Plc AGM 16 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 25 Apr 19 Cobham Plc AGM 17 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 25 Apr 19 DBS Group Holdings Ltd. AGM 1 For Agenda item : Adopt Financial Statements and Directors' and Auditors' Reports. 25 Apr 19 DBS Group Holdings Ltd. AGM 2 For Agenda item : Approve Final and Special Dividend. 25 Apr 19 DBS Group Holdings Ltd. AGM 3 For Agenda item : Approve Directors' Fees. 25 Apr 19 DBS Group Holdings Ltd. AGM 4 For Agenda item : Approve PricewaterhouseCoopers LLP as Auditors and Authorise Board to Fix Their Remuneration. 25 Apr 19 DBS Group Holdings Ltd. AGM 5 For Agenda item : Elect Euleen Goh Yiu Kiang as Director. 25 Apr 19 DBS Group Holdings Ltd. AGM 6 Opposed Agenda item : Elect Danny Teoh Leong Kay as Director.

UBS Asset Management 68 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : We will not support the election of non-independent, non-executive directors should the Audit Committee not comprise of 2/3 independent directors. 25 Apr 19 DBS Group Holdings Ltd. AGM 7 For Agenda item : Elect Nihal Vijaya Devadas Kaviratne as Director. 25 Apr 19 DBS Group Holdings Ltd. AGM 8 For Agenda item : Elect Bonghan Cho as Director. 25 Apr 19 DBS Group Holdings Ltd. AGM 9 For Agenda item : Elect Tham Sai Choy as Director. 25 Apr 19 DBS Group Holdings Ltd. AGM 10 Opposed Agenda item : Approve Issuance of Equity or Equity-Linked Securities with or without Pre-emptive Rights. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 25 Apr 19 DBS Group Holdings Ltd. AGM 11 For Agenda item : Approve Issuance of Shares Under the DBSH Scrip Dividend Scheme. 25 Apr 19 DBS Group Holdings Ltd. AGM 12 For Agenda item : Authorise Share Repurchase Program. 25 Apr 19 DBS Group Holdings Ltd. AGM 13 Opposed Agenda item : Approve Extension of the Duration of DBSH Share Plan and Other Amendments to the DBSH Share Plan. UBS note : The proposed plan does not provide a sufficiently strong link between awards and shareholder long-term interest. 25 Apr 19 DBS Group Holdings Ltd. AGM 14 Opposed Agenda item : Adopt California Sub-Plan to the DBSH Share Plan. UBS note : The proposed plan does not provide a sufficiently strong link between awards and shareholder long-term interest. 25 Apr 19 Danone SA Annual/Special 1 For Agenda item : Approve Financial Statements and Statutory Reports. 25 Apr 19 Danone SA Annual/Special 2 For Agenda item : Approve Consolidated Financial Statements and Statutory Reports. 25 Apr 19 Danone SA Annual/Special 3 For Agenda item : Approve Allocation of Income and Dividends of EUR 1.94 per Share. 25 Apr 19 Danone SA Annual/Special 4 For Agenda item : Re-elect Franck Riboud as Director. 25 Apr 19 Danone SA Annual/Special 5 For Agenda item : Re-elect Emmanuel Faber as Director.

69 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Danone SA Annual/Special 6 For Agenda item : Re-elect Clara Gaymard as Director. 25 Apr 19 Danone SA Annual/Special 7 Opposed Agenda item : Approve Auditors' Special Report on Related-Party Transactions. UBS note : We will not support related party transactions that are not in line with shareholders' interests and/or when disclosure is below best market practice. 25 Apr 19 Danone SA Annual/Special 8 For Agenda item : Approve Compensation of Emmanuel Faber, Chairman and CEO. 25 Apr 19 Danone SA Annual/Special 9 For Agenda item : Approve Remuneration Policy of Executive Corporate Officers. 25 Apr 19 Danone SA Annual/Special 10 For Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital. 25 Apr 19 Danone SA Annual/Special 11 Opposed Agenda item : Authorise Issuance of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of EUR 60 Million. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 25 Apr 19 Danone SA Annual/Special 12 For Agenda item : Authorise Issuance of Equity or Equity-Linked Securities without Pre-emptive Rights with Binding Priority Right up to Aggregate Nominal Amount of EUR 17 Million. 25 Apr 19 Danone SA Annual/Special 13 For Agenda item : Authorise Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above. 25 Apr 19 Danone SA Annual/Special 14 For Agenda item : Authorise Capital Increase of Up to EUR 17 Million for Future Exchange Offers. 25 Apr 19 Danone SA Annual/Special 15 For Agenda item : Authorise Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind. 25 Apr 19 Danone SA Annual/Special 16 For Agenda item : Authorise Capitalization of Reserves of Up to EUR 42 Million for Bonus Issue or Increase in Par Value. 25 Apr 19 Danone SA Annual/Special 17 For Agenda item : Authorise Capital Issuances for Use in Employee Stock Purchase

UBS Asset Management 70 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments Plans. 25 Apr 19 Danone SA Annual/Special 18 For Agenda item : Authorise Capital Issuances for Use in Employee Stock Purchase Plans Reserved for Employees of International Subsidiaries. 25 Apr 19 Danone SA Annual/Special 19 For Agenda item : Authorise up to 0.2 Percent of Issued Capital for Use in Restricted Stock Plans. 25 Apr 19 Danone SA Annual/Special 20 For Agenda item : Authorise Decrease in Share Capital via Cancellation of Repurchased Shares. 25 Apr 19 Danone SA Annual/Special 21 For Agenda item : Authorise Filing of Required Documents/Other Formalities. 25 Apr 19 Devro Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 25 Apr 19 Devro Plc AGM 2 For Agenda item : Approve Final Dividend. 25 Apr 19 Devro Plc AGM 3 For Agenda item : Re-elect Rutger Helbing as Director. 25 Apr 19 Devro Plc AGM 4 For Agenda item : Elect Jackie Callaway as Director. 25 Apr 19 Devro Plc AGM 5 For Agenda item : Re-elect Jane Lodge as Director. 25 Apr 19 Devro Plc AGM 6 For Agenda item : Re-elect Malcolm Swift as Director. 25 Apr 19 Devro Plc AGM 7 For Agenda item : Re-elect Paul Withers as Director. 25 Apr 19 Devro Plc AGM 8 For Agenda item : Reappoint KPMG LLP as Auditors. 25 Apr 19 Devro Plc AGM 9 For Agenda item : Authorise the Audit Committee to Fix Remuneration of Auditors. 25 Apr 19 Devro Plc AGM 10 For Agenda item : Approve Remuneration Report. 25 Apr 19 Devro Plc AGM 11 For Agenda item : Authorise Issue of Equity. 25 Apr 19 Devro Plc AGM 12 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 25 Apr 19 Devro Plc AGM 13 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 25 Apr 19 Devro Plc AGM 14 For Agenda item : Authorise Market Purchase of Ordinary Shares. 25 Apr 19 Devro Plc AGM 15 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 25 Apr 19 Edison International AGM 1a For Agenda item : Elect Director Jeanne Beliveau-Dunn. 25 Apr 19 Edison International AGM 1b For Agenda item : Elect Director Michael C. Camunez. 25 Apr 19 Edison International AGM 1c For Agenda item : Elect Director Vanessa C.L. Chang.

71 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Edison International AGM 1d For Agenda item : Elect Director James T. Morris. 25 Apr 19 Edison International AGM 1e For Agenda item : Elect Director Timothy T. O'Toole. 25 Apr 19 Edison International AGM 1f For Agenda item : Elect Director Pedro J. Pizarro. 25 Apr 19 Edison International AGM 1g For Agenda item : Elect Director Linda G. Stuntz. 25 Apr 19 Edison International AGM 1h For Agenda item : Elect Director William P. Sullivan. 25 Apr 19 Edison International AGM 1i For Agenda item : Elect Director Ellen O. Tauscher. 25 Apr 19 Edison International AGM 1j For Agenda item : Elect Director Peter J. Taylor. 25 Apr 19 Edison International AGM 1k For Agenda item : Elect Director Keith Trent. 25 Apr 19 Edison International AGM 2 For Agenda item : Ratify PricewaterhouseCoopers LLP as Auditors. 25 Apr 19 Edison International AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : To align outcomes with shareholders' experience, a majority of long term awards should be subject to the attainment of pre-determined performance targets. 25 Apr 19 Edison International AGM 4 For Agenda item : Amend Proxy Access Right. UBS note : We will vote for resolutions that increase shareholders' rights such as proxy access proposals when the conditions are reasonable. 25 Apr 19 Eurazeo SE Annual/Special 1 For Agenda item : Approve Financial Statements and Statutory Reports. 25 Apr 19 Eurazeo SE Annual/Special 2 For Agenda item : Approve Allocation of Income and Dividends of EUR 1.25 per Share. 25 Apr 19 Eurazeo SE Annual/Special 3 For Agenda item : Approve Consolidated Financial Statements and Statutory Reports. 25 Apr 19 Eurazeo SE Annual/Special 4 Opposed Agenda item : Approve Auditors' Special Report on Related-Party Transactions. UBS note : We will not support related party transactions that are not in line with shareholders' interests and/or when disclosure is below best market practice. 25 Apr 19 Eurazeo SE Annual/Special 5 For Agenda item : Re-elect Francoise Mercadal-Delasalles as Supervisory Board Member.

UBS Asset Management 72 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Eurazeo SE Annual/Special 6 For Agenda item : Approve Remuneration Policy of Supervisory Board Members. 25 Apr 19 Eurazeo SE Annual/Special 7 Opposed Agenda item : Approve Remuneration Policy of Management Board Members. UBS note : The aggregate overall level of pay is considered excessive. 25 Apr 19 Eurazeo SE Annual/Special 8 For Agenda item : Approve Compensation of Michel David-Weill, Chairman of the Supervisory Board. 25 Apr 19 Eurazeo SE Annual/Special 9 Opposed Agenda item : Approve Compensation of Virginie Morgon, Chairman of the Management Board. UBS note : We will vote against when the level of disclosure provided does not allow shareholders to make an informed assessment of executive remuneration granted during the year. 25 Apr 19 Eurazeo SE Annual/Special 10 Opposed Agenda item : Approve Compensation of Philippe Audouin, Member of Management Board. UBS note : We will vote against when the level of disclosure provided does not allow shareholders to make an informed assessment of executive remuneration granted during the year. 25 Apr 19 Eurazeo SE Annual/Special 11 Opposed Agenda item : Approve Compensation of Nicolas Huet, Member of Management Board. UBS note : We will vote against when the level of disclosure provided does not allow shareholders to make an informed assessment of executive remuneration granted during the year. 25 Apr 19 Eurazeo SE Annual/Special 12 Opposed Agenda item : Approve Compensation of Olivier Millet, Member of Management Board. UBS note : We will vote against when the level of disclosure provided does not allow shareholders to make an informed assessment of executive remuneration granted during the year. 25 Apr 19 Eurazeo SE Annual/Special 13 Opposed Agenda item : Approve Compensation of Patrick Sayer, Chairman of the Management Board Until March 18, 2018. UBS note : We will vote against when the level of disclosure provided does not allow shareholders to make an informed assessment of executive remuneration

73 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments granted during the year. 25 Apr 19 Eurazeo SE Annual/Special 14 For Agenda item : Approve Amendment of Non-Compete Agreement with Management Board Members. 25 Apr 19 Eurazeo SE Annual/Special 15 Opposed Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital. UBS note : We are not supportive of authorities that could be used as an anti-takeover device and potentially help to entrench underperforming management. 25 Apr 19 Eurazeo SE Annual/Special 16 For Agenda item : Authorise Decrease in Share Capital via Cancellation of Repurchased Shares. 25 Apr 19 Eurazeo SE Annual/Special 17 Opposed Agenda item : Authorise up to 1.5 Percent of Issued Capital for Use in Stock Option Plans. UBS note : The disclosure provided does not allow shareholders to make an informed assessment of the Plan. 25 Apr 19 Eurazeo SE Annual/Special 18 Opposed Agenda item : Authorise up to 1.5 Percent of Issued Capital for Use in Restricted Stock Plans. UBS note : The disclosure provided does not allow shareholders to make an informed assessment of the Plan. 25 Apr 19 Eurazeo SE Annual/Special 19 For Agenda item : Authorise Capital Issuances for Use in Employee Stock Purchase Plans. 25 Apr 19 Eurazeo SE Annual/Special 20 Opposed Agenda item : Authorise Board to Issue Free Warrants with Pre-emptive Rights During a Public Tender Offer. UBS note : We will not support the introduction of takeover defence mechanisms such as Poison Pills. Such proposals are not in the interests of shareholders. 25 Apr 19 Eurazeo SE Annual/Special 21 For Agenda item : Authorise Filing of Required Documents/Other Formalities. 25 Apr 19 Eurofins Scientific SE Annual/Special 1 For Agenda item : Acknowledge Board's Reports. 25 Apr 19 Eurofins Scientific SE Annual/Special 2 For Agenda item : Acknowledge Auditor's Reports. 25 Apr 19 Eurofins Scientific SE Annual/Special 3 For Agenda item : Approve Consolidated Financial Statements.

UBS Asset Management 74 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Eurofins Scientific SE Annual/Special 4 For Agenda item : Approve Financial Statements. 25 Apr 19 Eurofins Scientific SE Annual/Special 5 For Agenda item : Approve Allocation of Income. 25 Apr 19 Eurofins Scientific SE Annual/Special 6 For Agenda item : Approve Discharge of Directors. 25 Apr 19 Eurofins Scientific SE Annual/Special 7 For Agenda item : Approve Discharge of Auditors. 25 Apr 19 Eurofins Scientific SE Annual/Special 8 For Agenda item : Renew Appointment of Auditor. 25 Apr 19 Eurofins Scientific SE Annual/Special 9 For Agenda item : Approve Remuneration of Directors. 25 Apr 19 Eurofins Scientific SE Annual/Special 10 For Agenda item : Acknowledge Information on Repurchase Program. 25 Apr 19 Eurofins Scientific SE Annual/Special 11 For Agenda item : Authorise Board to Ratify and Execute Approved Resolutions. 25 Apr 19 Eurofins Scientific SE Annual/Special 12 For Agenda item : Approve Share Repurchase Program and Authorise Cancellation of Repurchased Shares. 25 Apr 19 Eurofins Scientific SE Annual/Special 13 For Agenda item : Amend Article 13 of the Articles of Association. 25 Apr 19 FDM Group (Holdings) Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 25 Apr 19 FDM Group (Holdings) Plc AGM 2 Opposed Agenda item : Approve Remuneration Report. UBS note : Pay frameworks where short-term incentives are more valuable than long-term incentives do not provide adequate alignment with shareholders' long-term interests. 25 Apr 19 FDM Group (Holdings) Plc AGM 3 For Agenda item : Approve Final Dividend. 25 Apr 19 FDM Group (Holdings) Plc AGM 4 For Agenda item : Re-elect Andrew Brown as Director. 25 Apr 19 FDM Group (Holdings) Plc AGM 5 For Agenda item : Re-elect Rod Flavell as Director. 25 Apr 19 FDM Group (Holdings) Plc AGM 6 For Agenda item : Re-elect Sheila Flavell as Director. 25 Apr 19 FDM Group (Holdings) Plc AGM 7 For Agenda item : Re-elect Michael McLaren as Director. 25 Apr 19 FDM Group (Holdings) Plc AGM 8 For Agenda item : Re-elect David Lister as Director. 25 Apr 19 FDM Group (Holdings) Plc AGM 9 For Agenda item : Re-elect Michelle Senecal de Fonseca as Director. 25 Apr 19 FDM Group (Holdings) Plc AGM 10 For Agenda item : Re-elect Robin Taylor as Director. 25 Apr 19 FDM Group (Holdings) Plc AGM 11 For Agenda item : Re-elect Peter Whiting as Director. 25 Apr 19 FDM Group (Holdings) Plc AGM 12 For Agenda item : Reappoint PricewaterhouseCoopers LLP as Auditors. 25 Apr 19 FDM Group (Holdings) Plc AGM 13 For Agenda item : Authorise Board to Fix Remuneration of Auditors. 25 Apr 19 FDM Group (Holdings) Plc AGM 14 For Agenda item : Authorise the Company to Use Electronic Communications. 25 Apr 19 FDM Group (Holdings) Plc AGM 15 For Agenda item : Authorise Issue of Equity.

75 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 FDM Group (Holdings) Plc AGM 16 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 25 Apr 19 FDM Group (Holdings) Plc AGM 17 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Another Capital Investment. 25 Apr 19 FDM Group (Holdings) Plc AGM 18 For Agenda item : Authorise Market Purchase of Ordinary Shares. 25 Apr 19 FDM Group (Holdings) Plc AGM 19 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 25 Apr 19 Flughafen Zuerich AG AGM 3 For Agenda item : Accept Financial Statements and Statutory Reports. 25 Apr 19 Flughafen Zuerich AG AGM 4 Opposed Agenda item : Approve Remuneration Report (Non-Binding). UBS note : Yearly pension contribution rates exceed 30% of salary and are considered excessive. 25 Apr 19 Flughafen Zuerich AG AGM 5 For Agenda item : Approve Discharge of Board of Directors. 25 Apr 19 Flughafen Zuerich AG AGM 6.1 For Agenda item : Approve Allocation of Income and Ordinary Dividends of CHF 3.70 per Share. 25 Apr 19 Flughafen Zuerich AG AGM 6.2 For Agenda item : Approve Dividends from Capital Contribution Reserves of CHF 3.20 per Share. 25 Apr 19 Flughafen Zuerich AG AGM 7.1 For Agenda item : Approve Maximum Remuneration of Board of Directors in the Amount of CHF 1.7 Million. 25 Apr 19 Flughafen Zuerich AG AGM 7.2 For Agenda item : Approve Maximum Remuneration of Executive Committee in the Amount of CHF 4.5 Million. 25 Apr 19 Flughafen Zuerich AG AGM 8.1.1 For Agenda item : Re-elect Guglielmo Brentel as Director. 25 Apr 19 Flughafen Zuerich AG AGM 8.1.2 Opposed Agenda item : Re-elect Josef Felder as Director. UBS note : We expect the Audit Committee Chair to be independent and will not support nominees considered non-independent directors, as well as former executives. 25 Apr 19 Flughafen Zuerich AG AGM 8.1.3 For Agenda item : Re-elect Stephan Gemkow as Director. 25 Apr 19 Flughafen Zuerich AG AGM 8.1.4 Opposed Agenda item : Re-elect Corine Mauch as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 25 Apr 19 Flughafen Zuerich AG AGM 8.1.5 Opposed Agenda item : Re-elect Andreas Schmid as Director.

UBS Asset Management 76 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 25 Apr 19 Flughafen Zuerich AG AGM 8.2 Opposed Agenda item : Elect Andreas Schmid as Board Chairman. UBS note : We will not support the election of non-independent directors when the Board, in its entirety, lacks independence. 25 Apr 19 Flughafen Zuerich AG AGM 8.3.1 Opposed Agenda item : Appoint Vincent Albers as Member of the Nomination and Compensation Committee. UBS note : We will not support the election of a non-independent non-executive director who shall serve on the Remuneration Committee when the Committee is not made up of majority of independent directors. 25 Apr 19 Flughafen Zuerich AG AGM 8.3.2 For Agenda item : Appoint Guglielmo Brentel as Member of the Nomination and Compensation Committee. 25 Apr 19 Flughafen Zuerich AG AGM 8.3.3 Opposed Agenda item : Appoint Eveline Saupper as Member of the Nomination and Compensation Committee. UBS note : We will not support the election of a non-independent non-executive director who shall serve on the Remuneration Committee when the Committee is not made up of majority of independent directors. 25 Apr 19 Flughafen Zuerich AG AGM 8.3.4 Opposed Agenda item : Appoint Andreas Schmid as Non-Voting Member of the Nomination and Compensation Committee. UBS note : We will not support the election of a non-independent non-executive director who shall serve on the Remuneration Committee when the Committee is not made up of majority of independent directors. 25 Apr 19 Flughafen Zuerich AG AGM 8.4 For Agenda item : Designate Marianne Sieger as Independent Proxy. 25 Apr 19 Flughafen Zuerich AG AGM 8.5 For Agenda item : Ratify Ernst & Young AG as Auditors. 25 Apr 19 Flughafen Zuerich AG AGM 9 Abstain Agenda item : Transact Other Business (Voting). UBS note : We will not support any unspecified items included in the agenda of the general meeting of shareholders. 25 Apr 19 Global Payments Inc. AGM 1.1 Opposed Agenda item : Elect Director Mitchell L. Hollin. UBS note : We will not support the election of non-independent

77 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments non-executive directors when when less than 50% of the Board is independent. 25 Apr 19 Global Payments Inc. AGM 1.2 Opposed Agenda item : Elect Director Ruth Ann Marshall. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 25 Apr 19 Global Payments Inc. AGM 2 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : The proposed Plan does not provide a sufficiently strong link between awards and company and/or executive performance. 25 Apr 19 Global Payments Inc. AGM 3 For Agenda item : Ratify Deloitte & Touche LLP as Auditor. 25 Apr 19 HCP, Inc. AGM 1a For Agenda item : Elect Director Brian G. Cartwright. 25 Apr 19 HCP, Inc. AGM 1b Opposed Agenda item : Elect Director Christine N. Garvey. UBS note : We will not support the election of a non-independent, non-executive directors who shall serve on the Nomination Committee where the committee is not made up of a majority of independent directors. 25 Apr 19 HCP, Inc. AGM 1c For Agenda item : Elect Director R. Kent Griffin, Jr. 25 Apr 19 HCP, Inc. AGM 1d Opposed Agenda item : Elect Director David B. Henry. UBS note : We will not support the election of a non-independent, non-executive directors who shall serve on the Nomination Committee where the committee is not made up of a majority of independent directors. 25 Apr 19 HCP, Inc. AGM 1e For Agenda item : Elect Director Thomas M. Herzog. 25 Apr 19 HCP, Inc. AGM 1f For Agenda item : Elect Director Lydia H. Kennard. 25 Apr 19 HCP, Inc. AGM 1g For Agenda item : Elect Director Katherine M. Sandstrom. 25 Apr 19 HCP, Inc. AGM 2 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 25 Apr 19 HCP, Inc. AGM 3 For Agenda item : Ratify Deloitte & Touche LLP as Auditors.

UBS Asset Management 78 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Heineken Holding NV AGM 3 For Agenda item : Adopt Financial Statements. 25 Apr 19 Heineken Holding NV AGM 5 For Agenda item : Approve Discharge of Management Board. 25 Apr 19 Heineken Holding NV AGM 6.a For Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital. 25 Apr 19 Heineken Holding NV AGM 6.b For Agenda item : Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital. 25 Apr 19 Heineken Holding NV AGM 6.c For Agenda item : Authorise Board to Exclude Pre-emptive Rights from Share Issuances. 25 Apr 19 Heineken Holding NV AGM 7.a For Agenda item : Re-elect C.L. de Carvalho-Heineken as Executive Director. 25 Apr 19 Heineken Holding NV AGM 7.b For Agenda item : Re-elect M.R. de Carvalho as Executive Director. 25 Apr 19 Heineken Holding NV AGM 7.c Opposed Agenda item : Re-elect C.M. Kwist as Non-Executive Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 25 Apr 19 Heineken Holding NV AGM 8 For Agenda item : Approve Cancellation of Repurchased Shares. 25 Apr 19 Heineken NV AGM 1.c For Agenda item : Adopt Financial Statements. 25 Apr 19 Heineken NV AGM 1.e For Agenda item : Approve Dividends of EUR 1.60 Per Share. 25 Apr 19 Heineken NV AGM 1.f For Agenda item : Approve Discharge of Management Board. 25 Apr 19 Heineken NV AGM 1.g For Agenda item : Approve Discharge of Supervisory Board. 25 Apr 19 Heineken NV AGM 2.a For Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital. 25 Apr 19 Heineken NV AGM 2.b For Agenda item : Grant Board Authority to Issue Shares Up To 10 Percent of Issued Capital. 25 Apr 19 Heineken NV AGM 2.c For Agenda item : Authorise Board to Exclude Pre-emptive Rights from Share Issuances under Item 2b. 25 Apr 19 Heineken NV AGM 3 For Agenda item : Approve Remuneration of Supervisory Board. 25 Apr 19 Heineken NV AGM 4 For Agenda item : Re-elect L.M. Debroux to Management Board. 25 Apr 19 Heineken NV AGM 5.a Opposed Agenda item : Re-elect M.R. de Carvalho to Supervisory Board. UBS note : We will not support the election of a non-independent non-executive director who shall serve on the Remuneration Committee when

79 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments the Committee is not made up of majority of independent directors. 25 Apr 19 Heineken NV AGM 5.b For Agenda item : Elect R.L. Ripley to Supervisory Board. 25 Apr 19 Heineken NV AGM 5.c For Agenda item : Elect I.H. Arnold to Supervisory Board. 25 Apr 19 Huhtamaki Oyj AGM 3 For Agenda item : Designate Inspector or Shareholder Representative(s) of Minutes of Meeting. 25 Apr 19 Huhtamaki Oyj AGM 4 For Agenda item : Acknowledge Proper Convening of Meeting. 25 Apr 19 Huhtamaki Oyj AGM 5 For Agenda item : Prepare and Approve List of Shareholders. 25 Apr 19 Huhtamaki Oyj AGM 7 For Agenda item : Accept Financial Statements and Statutory Reports. 25 Apr 19 Huhtamaki Oyj AGM 8 For Agenda item : Approve Allocation of Income and Dividends of EUR 0.84 Per Share. 25 Apr 19 Huhtamaki Oyj AGM 9 For Agenda item : Approve Discharge of Board and President. 25 Apr 19 Huhtamaki Oyj AGM 10 For Agenda item : Approve Remuneration of Directors in the Amount of EUR 120,000 for Chairman, EUR 68,000 for Vice Chairman, and EUR 57,000 for Other Directors; Approve Meeting Fees. 25 Apr 19 Huhtamaki Oyj AGM 11 For Agenda item : Fix Number of Directors at Seven. 25 Apr 19 Huhtamaki Oyj AGM 12 For Agenda item : Re-elect Pekka Ala-Pietila (Chairman), Doug Baillie, William Barker, Anja Korhonen, Kerttu Tuomas (Vice Chairman), Sandra Turner and Ralf Wunderlich as Directors;. 25 Apr 19 Huhtamaki Oyj AGM 13 For Agenda item : Approve Remuneration of Auditors. 25 Apr 19 Huhtamaki Oyj AGM 14 For Agenda item : Ratify Ernst & Young as Auditors. 25 Apr 19 Huhtamaki Oyj AGM 15 For Agenda item : Authorise Share Repurchase Program. 25 Apr 19 Huhtamaki Oyj AGM 16 For Agenda item : Approve Issuance of up to 10 Million New Shares and Conveyance of up to 4 Million Shares without Pre-emptive Rights. 25 Apr 19 Huhtamaki Oyj AGM 17 For Agenda item : Approve Charitable Donations of up to EUR 3 Million. 25 Apr 19 Intuitive Surgical, Inc. AGM 1a For Agenda item : Elect Director Craig H. Barratt. 25 Apr 19 Intuitive Surgical, Inc. AGM 1b For Agenda item : Elect Director Gary S. Guthart. 25 Apr 19 Intuitive Surgical, Inc. AGM 1c For Agenda item : Elect Director Amal M. Johnson. 25 Apr 19 Intuitive Surgical, Inc. AGM 1d For Agenda item : Elect Director Don R. Kania. 25 Apr 19 Intuitive Surgical, Inc. AGM 1e Opposed Agenda item : Elect Director Keith R. Leonard, Jr.

UBS Asset Management 80 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 25 Apr 19 Intuitive Surgical, Inc. AGM 1f For Agenda item : Elect Director Alan J. Levy. 25 Apr 19 Intuitive Surgical, Inc. AGM 1g For Agenda item : Elect Director Jami Dover Nachtsheim. 25 Apr 19 Intuitive Surgical, Inc. AGM 1h For Agenda item : Elect Director Mark J. Rubash. 25 Apr 19 Intuitive Surgical, Inc. AGM 1i For Agenda item : Elect Director Lonnie M. Smith. 25 Apr 19 Intuitive Surgical, Inc. AGM 2 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : To align outcomes with shareholders' experience, a majority of long term awards should be subject to the attainment of pre-determined performance targets. 25 Apr 19 Intuitive Surgical, Inc. AGM 3 For Agenda item : Ratify PricewaterhouseCoopers LLP as Auditors. 25 Apr 19 Intuitive Surgical, Inc. AGM 4 Opposed Agenda item : Amend Omnibus Stock Plan. UBS note : We may vote against a compensation or incentive program if it is not adequately tied to a company's fundamental financial performance; is vague; is not in line with market practices; allows for option re-pricing; does not have adequate performance hurdles or is highly dilutive. 25 Apr 19 Intuitive Surgical, Inc. AGM 5 For Agenda item : Adopt Simple Majority Vote. UBS note : We will vote for proposals that reduce supermajority voting limits. 25 Apr 19 JPMorgan Claverhouse Investment Trust Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 25 Apr 19 JPMorgan Claverhouse Investment Trust Plc AGM 2 For Agenda item : Approve Remuneration Policy. 25 Apr 19 JPMorgan Claverhouse Investment Trust Plc AGM 3 For Agenda item : Approve Remuneration Report. 25 Apr 19 JPMorgan Claverhouse Investment Trust Plc AGM 4 For Agenda item : Re-elect David Fletcher as Director. 25 Apr 19 JPMorgan Claverhouse Investment Trust Plc AGM 5 For Agenda item : Re-elect Humphrey van der Klugt as Director. 25 Apr 19 JPMorgan Claverhouse Investment Trust Plc AGM 6 For Agenda item : Re-elect Jill May as Director. 25 Apr 19 JPMorgan Claverhouse Investment Trust Plc AGM 7 For Agenda item : Re-elect Andrew Sutch as Director. 25 Apr 19 JPMorgan Claverhouse Investment Trust Plc AGM 8 For Agenda item : Re-elect Jane Tufnell as Director. 25 Apr 19 JPMorgan Claverhouse Investment Trust Plc AGM 9 Opposed Agenda item : Reappoint Ernst & Young LLP as Auditors and Authorise Their

81 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments Remuneration. UBS note : The tenure of auditor used by the company exceeds 20 years. 25 Apr 19 JPMorgan Claverhouse Investment Trust Plc AGM 10 For Agenda item : Authorise Issue of Equity. 25 Apr 19 JPMorgan Claverhouse Investment Trust Plc AGM 11 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 25 Apr 19 JPMorgan Claverhouse Investment Trust Plc AGM 12 For Agenda item : Authorise Market Purchase of Ordinary Shares. 25 Apr 19 JPMorgan Claverhouse Investment Trust Plc AGM 13 For Agenda item : Authorise Directors to Sell Shares from Treasury at a Discount to Net Asset Value. 25 Apr 19 Johnson & Johnson AGM 1a For Agenda item : Elect Director Mary C. Beckerle. 25 Apr 19 Johnson & Johnson AGM 1b For Agenda item : Elect Director D. Scott Davis. 25 Apr 19 Johnson & Johnson AGM 1c For Agenda item : Elect Director Ian E. L. Davis. 25 Apr 19 Johnson & Johnson AGM 1d For Agenda item : Elect Director Jennifer A. Doudna. 25 Apr 19 Johnson & Johnson AGM 1e For Agenda item : Elect Director Alex Gorsky. 25 Apr 19 Johnson & Johnson AGM 1f For Agenda item : Elect Director Marillyn A. Hewson. 25 Apr 19 Johnson & Johnson AGM 1g For Agenda item : Elect Director Mark B. McClellan. 25 Apr 19 Johnson & Johnson AGM 1h For Agenda item : Elect Director Anne M. Mulcahy. 25 Apr 19 Johnson & Johnson AGM 1i For Agenda item : Elect Director William D. Perez. 25 Apr 19 Johnson & Johnson AGM 1j For Agenda item : Elect Director Charles Prince. 25 Apr 19 Johnson & Johnson AGM 1k For Agenda item : Elect Director A. Eugene Washington. 25 Apr 19 Johnson & Johnson AGM 1l For Agenda item : Elect Director Ronald A. Williams. 25 Apr 19 Johnson & Johnson AGM 2 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 25 Apr 19 Johnson & Johnson AGM 3 Opposed Agenda item : Ratify PricewaterhouseCoopers LLP as Auditor. UBS note : The tenure of auditor used by the company exceeds 20 years. 25 Apr 19 Johnson & Johnson AGM 4 For Agenda item : Clawback Disclosure of Recoupment Activity from Senior Officers. UBS note : Support for the proposal is warranted, as its adoption would provide shareholders with confirmation of whether the company's clawback

UBS Asset Management 82 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments policy has been used to hold senior executives accountable for significant financial or reputational harm caused by misconduct, or failure to properly monitor or oversee risks leading to misconduct, without putting the company at a competitive disadvantage or causing undue burden. 25 Apr 19 Johnson & Johnson AGM 5 Opposed Agenda item : Report on Integrating Risks Related to Drug Pricing into Senior Executive Compensation. 25 Apr 19 Lockheed Martin Corporation AGM 1.1 For Agenda item : Elect Director Daniel F. Akerson. 25 Apr 19 Lockheed Martin Corporation AGM 1.10 For Agenda item : Elect Director James D. Taiclet, Jr. 25 Apr 19 Lockheed Martin Corporation AGM 1.2 For Agenda item : Elect Director David B. Burritt. 25 Apr 19 Lockheed Martin Corporation AGM 1.3 For Agenda item : Elect Director Bruce A. Carlson. 25 Apr 19 Lockheed Martin Corporation AGM 1.4 For Agenda item : Elect Director James O. Ellis, Jr. 25 Apr 19 Lockheed Martin Corporation AGM 1.5 For Agenda item : Elect Director Thomas J. Falk. 25 Apr 19 Lockheed Martin Corporation AGM 1.6 For Agenda item : Elect Director Ilene S. Gordon. 25 Apr 19 Lockheed Martin Corporation AGM 1.7 For Agenda item : Elect Director Marillyn A. Hewson. 25 Apr 19 Lockheed Martin Corporation AGM 1.8 For Agenda item : Elect Director Vicki A. Hollub. 25 Apr 19 Lockheed Martin Corporation AGM 1.9 For Agenda item : Elect Director Jeh C. Johnson. 25 Apr 19 Lockheed Martin Corporation AGM 2 Opposed Agenda item : Ratify Ernst & Young LLP as Auditors. UBS note : The tenure of auditor used by the company exceeds 20 years. 25 Apr 19 Lockheed Martin Corporation AGM 3 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 25 Apr 19 Lockheed Martin Corporation AGM 4 For Agenda item : Amend Proxy Access Bylaw. UBS note : We will support proposals that increase shareholders' rights such as proxy access proposals when the conditions are reasonable. 25 Apr 19 MSCI Inc. AGM 1a For Agenda item : Elect Director Henry A. Fernandez. 25 Apr 19 MSCI Inc. AGM 1b For Agenda item : Elect Director Robert G. Ashe. 25 Apr 19 MSCI Inc. AGM 1c For Agenda item : Elect Director Benjamin F. duPont. 25 Apr 19 MSCI Inc. AGM 1d For Agenda item : Elect Director Wayne Edmunds. 25 Apr 19 MSCI Inc. AGM 1e For Agenda item : Elect Director Alice W. Handy. 25 Apr 19 MSCI Inc. AGM 1f For Agenda item : Elect Director Catherine R. Kinney.

83 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 MSCI Inc. AGM 1g For Agenda item : Elect Director Jacques P. Perold. 25 Apr 19 MSCI Inc. AGM 1h For Agenda item : Elect Director Linda H. Riefler. 25 Apr 19 MSCI Inc. AGM 1i For Agenda item : Elect Director George W. Siguler. 25 Apr 19 MSCI Inc. AGM 1j For Agenda item : Elect Director Marcus L. Smith. 25 Apr 19 MSCI Inc. AGM 2 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 25 Apr 19 MSCI Inc. AGM 3 For Agenda item : Ratify PricewaterhouseCoopers LLP as Auditors. 25 Apr 19 Meggitt Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 25 Apr 19 Meggitt Plc AGM 2 Opposed Agenda item : Approve Remuneration Report. UBS note : Yearly pension contribution rates exceed 30% of salary and are considered excessive. 25 Apr 19 Meggitt Plc AGM 3 For Agenda item : Approve Final Dividend. 25 Apr 19 Meggitt Plc AGM 4 Opposed Agenda item : Re-elect Sir Nigel Rudd as Director. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 25 Apr 19 Meggitt Plc AGM 5 For Agenda item : Re-elect Tony Wood as Director. 25 Apr 19 Meggitt Plc AGM 6 For Agenda item : Re-elect Guy Berruyer as Director. 25 Apr 19 Meggitt Plc AGM 7 For Agenda item : Re-elect Colin Day as Director. 25 Apr 19 Meggitt Plc AGM 8 For Agenda item : Re-elect Nancy Gioia as Director. 25 Apr 19 Meggitt Plc AGM 9 For Agenda item : Re-elect Alison Goligher as Director. 25 Apr 19 Meggitt Plc AGM 10 For Agenda item : Re-elect Philip Green as Director. 25 Apr 19 Meggitt Plc AGM 11 For Agenda item : Elect Louisa Burdett as Director. 25 Apr 19 Meggitt Plc AGM 12 For Agenda item : Elect Guy Hachey as Director. 25 Apr 19 Meggitt Plc AGM 13 For Agenda item : Elect Caroline Silver as Director. 25 Apr 19 Meggitt Plc AGM 14 For Agenda item : Reappoint PricewaterhouseCoopers LLP as Auditors. 25 Apr 19 Meggitt Plc AGM 15 For Agenda item : Authorise the Audit Committee to Fix Remuneration of Auditors. 25 Apr 19 Meggitt Plc AGM 16 For Agenda item : Authorise Issue of Equity.

UBS Asset Management 84 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Meggitt Plc AGM 17 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 25 Apr 19 Meggitt Plc AGM 18 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 25 Apr 19 Meggitt Plc AGM 19 For Agenda item : Authorise EU Political Donations and Expenditure. 25 Apr 19 Meggitt Plc AGM 20 For Agenda item : Authorise Market Purchase of Ordinary Shares. 25 Apr 19 Meggitt Plc AGM 21 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 25 Apr 19 Meggitt Plc AGM 22 For Agenda item : Adopt New Articles of Association. 25 Apr 19 Metso Oyj AGM 3 For Agenda item : Designate Inspector or Shareholder Representative(s) of Minutes of Meeting. 25 Apr 19 Metso Oyj AGM 4 For Agenda item : Acknowledge Proper Convening of Meeting. 25 Apr 19 Metso Oyj AGM 5 For Agenda item : Prepare and Approve List of Shareholders. 25 Apr 19 Metso Oyj AGM 7 For Agenda item : Accept Financial Statements and Statutory Reports. 25 Apr 19 Metso Oyj AGM 8 For Agenda item : Approve Allocation of Income and Dividends of EUR 1.20 Per Share. 25 Apr 19 Metso Oyj AGM 9 For Agenda item : Approve Discharge of Board and President. 25 Apr 19 Metso Oyj AGM 11 For Agenda item : Approve Remuneration of Directors in the Amount of EUR 120,000 for Chairman, EUR 66,000 for Vice Chairman and EUR 53,000 for Other Directors; Approve Meeting Fees; Approve Remuneration for Committee Work. 25 Apr 19 Metso Oyj AGM 12 For Agenda item : Fix Number of Directors at Eight. 25 Apr 19 Metso Oyj AGM 13 Opposed Agenda item : Re-elect Mikael Lilius (Chairman), Christer Gardell (Deputy Chairman), Peter Carlsson, Lars Josefsson, Nina Kopola, Antti Makinen and Arja Talma as Directors; Elect Kari Stadigh as New Director. UBS note : We will not support proposals which bundle the election of several directors under one vote when we identify concerns which would warrant a vote against the election of at least one of the nominees. 25 Apr 19 Metso Oyj AGM 14 For Agenda item : Approve Remuneration of Auditors. 25 Apr 19 Metso Oyj AGM 15 For Agenda item : Ratify Ernst & Young as Auditors.

85 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Metso Oyj AGM 16 For Agenda item : Authorise Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares. 25 Apr 19 Metso Oyj AGM 17 For Agenda item : Approve Issuance of up to 15 Million Shares without Pre-emptive Rights. 25 Apr 19 Murray International Trust Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 25 Apr 19 Murray International Trust Plc AGM 2 For Agenda item : Approve Remuneration Report. 25 Apr 19 Murray International Trust Plc AGM 3 For Agenda item : Re-elect Alexandra Mackesy as Director. 25 Apr 19 Murray International Trust Plc AGM 4 For Agenda item : Re-elect Peter Dunscombe as Director. 25 Apr 19 Murray International Trust Plc AGM 5 For Agenda item : Re-elect Marcia Campbell as Director. 25 Apr 19 Murray International Trust Plc AGM 6 For Agenda item : Re-elect David Hardie as Director. 25 Apr 19 Murray International Trust Plc AGM 7 For Agenda item : Elect Claire Binyon as Director. 25 Apr 19 Murray International Trust Plc AGM 8 For Agenda item : Re-elect Dr Kevin Carter as Director. 25 Apr 19 Murray International Trust Plc AGM 9 Opposed Agenda item : Reappoint Ernst & Young LLP as Auditors. UBS note : The tenure of auditor used by the company exceeds 20 years. 25 Apr 19 Murray International Trust Plc AGM 10 For Agenda item : Authorise Board to Fix Remuneration of Auditors. 25 Apr 19 Murray International Trust Plc AGM 11 For Agenda item : Approve Final Dividend. 25 Apr 19 Murray International Trust Plc AGM 12 For Agenda item : Authorise Issue of Equity. 25 Apr 19 Murray International Trust Plc AGM 13 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 25 Apr 19 Murray International Trust Plc AGM 14 For Agenda item : Authorise Market Purchase of Ordinary Shares. 25 Apr 19 NRG Energy, Inc. AGM 1a Opposed Agenda item : Elect Director E. Spencer Abraham. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 25 Apr 19 NRG Energy, Inc. AGM 1b For Agenda item : Elect Director Matthew Carter, Jr. 25 Apr 19 NRG Energy, Inc. AGM 1c Opposed Agenda item : Elect Director Lawrence S. Coben. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 25 Apr 19 NRG Energy, Inc. AGM 1d For Agenda item : Elect Director Heather Cox.

UBS Asset Management 86 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 NRG Energy, Inc. AGM 1e For Agenda item : Elect Director Terry G. Dallas. 25 Apr 19 NRG Energy, Inc. AGM 1f For Agenda item : Elect Director Mauricio Gutierrez. 25 Apr 19 NRG Energy, Inc. AGM 1g Opposed Agenda item : Elect Director William E. Hantke. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 25 Apr 19 NRG Energy, Inc. AGM 1h Opposed Agenda item : Elect Director Paul W. Hobby. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 25 Apr 19 NRG Energy, Inc. AGM 1i Opposed Agenda item : Elect Director Anne C. Schaumburg. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 25 Apr 19 NRG Energy, Inc. AGM 1j Opposed Agenda item : Elect Director Thomas H. Weidemeyer. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 25 Apr 19 NRG Energy, Inc. AGM 2 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 25 Apr 19 NRG Energy, Inc. AGM 3 For Agenda item : Ratify KPMG LLP as Auditor. 25 Apr 19 NRG Energy, Inc. AGM 4 For Agenda item : Report on Political Contributions. UBS note : We will not support company proposals allowing companies to make political donations and will support shareholder proposals requiring companies to be transparent concerning such donations. 25 Apr 19 Pendragon Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 25 Apr 19 Pendragon Plc AGM 2 For Agenda item : Approve Remuneration Report.

87 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Pendragon Plc AGM 3 For Agenda item : Approve Final Dividend. 25 Apr 19 Pendragon Plc AGM 4 For Agenda item : Re-elect Martin Casha as Director. 25 Apr 19 Pendragon Plc AGM 5 For Agenda item : Re-elect Chris Chambers as Director. 25 Apr 19 Pendragon Plc AGM 6 For Agenda item : Elect Mark Herbert as Director. 25 Apr 19 Pendragon Plc AGM 7 For Agenda item : Re-elect Gillian Kent as Director. 25 Apr 19 Pendragon Plc AGM 8 For Agenda item : Elect Richard Laxer as Director. 25 Apr 19 Pendragon Plc AGM 9 For Agenda item : Elect Mark Willis as Director. 25 Apr 19 Pendragon Plc AGM 10 For Agenda item : Re-elect Mike Wright as Director. 25 Apr 19 Pendragon Plc AGM 11 Opposed Agenda item : Reappoint KPMG LLP as Auditors. UBS note : The tenure of auditor used by the company exceeds 20 years. 25 Apr 19 Pendragon Plc AGM 12 For Agenda item : Authorise Board to Fix Remuneration of Auditors. 25 Apr 19 Pendragon Plc AGM 13 For Agenda item : Authorise Issue of Equity. 25 Apr 19 Pendragon Plc AGM 14 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 25 Apr 19 Pendragon Plc AGM 15 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 25 Apr 19 Pendragon Plc AGM 16 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 25 Apr 19 Pendragon Plc AGM 17 For Agenda item : Authorise Market Purchase of Ordinary Shares. 25 Apr 19 Peugeot SA Annual/Special 1 For Agenda item : Approve Financial Statements and Statutory Reports. 25 Apr 19 Peugeot SA Annual/Special 2 For Agenda item : Approve Consolidated Financial Statements and Statutory Reports. 25 Apr 19 Peugeot SA Annual/Special 3 For Agenda item : Approve Allocation of Income and Dividends of EUR 0.78 per Share. 25 Apr 19 Peugeot SA Annual/Special 4 For Agenda item : Elect Gilles Schnepp as Supervisory Board Member. 25 Apr 19 Peugeot SA Annual/Special 5 For Agenda item : Elect Thierry de la Tour d Artaise as Supervisory Board Member. 25 Apr 19 Peugeot SA Annual/Special 6 Opposed Agenda item : Approve Remuneration Policy of Carlos Tavares, Chairman of the Management Board. UBS note : The disclosure provided does not allow shareholders to make an informed assessment of the proposed remuneration policy.

UBS Asset Management 88 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Peugeot SA Annual/Special 7 For Agenda item : Approve Remuneration Policy of Olivier Bourges, Maxime Picat, Jean-Christophe Quemard as Members of the Management Board. 25 Apr 19 Peugeot SA Annual/Special 8 For Agenda item : Approve Remuneration Policy of Members of the Supervisory Board and Louis Gallois, Chairman of the Supervisory Board. 25 Apr 19 Peugeot SA Annual/Special 9 Opposed Agenda item : Approve Compensation of Carlos Tavares, Chairman of the Management Board. UBS note : Certain one-off payments granted to executives during the year have not been adequately justified by the company. 25 Apr 19 Peugeot SA Annual/Special 10 Opposed Agenda item : Approve Compensation of Jean-Baptiste Chasseloup de Chatillon, Member of the Management Board. UBS note : Certain one-off payments granted to executives during the year have not been adequately justified by the company. 25 Apr 19 Peugeot SA Annual/Special 11 Opposed Agenda item : Approve Compensation of Maxime Picat, Member of the Management Board. UBS note : Yearly pension contribution rates exceed 30% of salary and are considered excessive. 25 Apr 19 Peugeot SA Annual/Special 12 Opposed Agenda item : Approve Compensation of Jean-Christophe Quemard, Member of the Management Board. UBS note : Yearly pension contribution rates exceed 30% of salary and are considered excessive. 25 Apr 19 Peugeot SA Annual/Special 13 For Agenda item : Approve Compensation of Louis Gallois, Chairman of the Supervisory Board. 25 Apr 19 Peugeot SA Annual/Special 14 For Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital. 25 Apr 19 Peugeot SA Annual/Special 15 For Agenda item : Authorise Decrease in Share Capital via Cancellation of Repurchased Shares. 25 Apr 19 Peugeot SA Annual/Special 16 Opposed Agenda item : Authorise Issuance of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of EUR 226,207,053. UBS note : We will not support routine authorities to issue shares with

89 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 25 Apr 19 Peugeot SA Annual/Special 17 For Agenda item : Authorise Issuance of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of EUR 90,482,821. 25 Apr 19 Peugeot SA Annual/Special 18 For Agenda item : Approve Issuance of Equity or Equity-Linked Securities for Private Placements, up to Aggregate Nominal Amount of EUR 90,482,821. 25 Apr 19 Peugeot SA Annual/Special 19 Opposed Agenda item : Authorise Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Under Items 16-18. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 25 Apr 19 Peugeot SA Annual/Special 20 For Agenda item : Authorise Capital Increase of Up to EUR 90,482,821 for Future Exchange Offers. 25 Apr 19 Peugeot SA Annual/Special 21 For Agenda item : Authorise Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind. 25 Apr 19 Peugeot SA Annual/Special 22 Opposed Agenda item : Set Total Limit for Capital Increase to Result from Issuance Under Items 16-21 and 23 Requests at EUR 334,786,439. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 25 Apr 19 Peugeot SA Annual/Special 23 For Agenda item : Authorise Capital Issuances for Use in Employee Stock Purchase Plans. 25 Apr 19 Peugeot SA Annual/Special 24 Opposed Agenda item : Authorise Board to Issue Free Warrants with Pre-emptive Rights During a Public Tender Offer. UBS note : We will not support the introduction of takeover defence

UBS Asset Management 90 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments mechanisms such as Poison Pills. Such proposals are not in the interests of shareholders. 25 Apr 19 Peugeot SA Annual/Special 25 For Agenda item : Authorise Filing of Required Documents/Other Formalities. 25 Apr 19 Pfizer Inc. AGM 1.1 For Agenda item : Elect Director Ronald E. Blaylock. 25 Apr 19 Pfizer Inc. AGM 1.10 For Agenda item : Elect Director Ian C. Read. 25 Apr 19 Pfizer Inc. AGM 1.11 For Agenda item : Elect Director James C. Smith. 25 Apr 19 Pfizer Inc. AGM 1.2 For Agenda item : Elect Director Albert Bourla. 25 Apr 19 Pfizer Inc. AGM 1.3 For Agenda item : Elect Director W. Don Cornwell. 25 Apr 19 Pfizer Inc. AGM 1.4 Opposed Agenda item : Elect Director Joseph J. Echevarria. UBS note : We will not support the election of the Chair of the Nomination Committee where the gender balance on the Board is not considered to be in line with our expectation for this market. 25 Apr 19 Pfizer Inc. AGM 1.5 For Agenda item : Elect Director Helen H. Hobbs. 25 Apr 19 Pfizer Inc. AGM 1.6 For Agenda item : Elect Director James M. Kilts. 25 Apr 19 Pfizer Inc. AGM 1.7 For Agenda item : Elect Director Dan R. Littman. 25 Apr 19 Pfizer Inc. AGM 1.8 For Agenda item : Elect Director Shantanu Narayen. 25 Apr 19 Pfizer Inc. AGM 1.9 Opposed Agenda item : Elect Director Suzanne Nora Johnson. UBS note : We expect the Audit Committee Chair to be independent and will not support nominees considered non-independent directors, as well as former executives. 25 Apr 19 Pfizer Inc. AGM 2 Opposed Agenda item : Ratify KPMG LLP as Auditor. UBS note : The tenure of auditor used by the company exceeds 20 years. 25 Apr 19 Pfizer Inc. AGM 3 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 25 Apr 19 Pfizer Inc. AGM 4 For Agenda item : Approve Omnibus Stock Plan. 25 Apr 19 Pfizer Inc. AGM 5 For Agenda item : Provide Right to Act by Written Consent. UBS note : We support resolutions that require the right to act by written consent, should they not be too restrictive and are in line with market practice. 25 Apr 19 Pfizer Inc. AGM 6 For Agenda item : Report on Lobbying Payments and Policy.

91 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : In general, we will support shareholder proposals seeking greater transparency on company lobbying except where covered by existing legislation and where the company meets such regulation, unless there is a direct reputational risk. 25 Apr 19 Pfizer Inc. AGM 7 For Agenda item : Require Independent Board Chairman. UBS note : We normally support proposals to separate the positions of Chairman and CEO. 25 Apr 19 Pfizer Inc. AGM 8 For Agenda item : Report on Integrating Risks Related to Drug Pricing into Senior Executive Compensation. UBS note : Support for this proposal is warranted, given the scope of the proposal and the lack of disclosure from the company concerning how risks related to drug pricing increases are integrated in executive compensation. 25 Apr 19 Pigeon Corp. AGM 1 For Agenda item : Approve Allocation of Income, with a Final Dividend of JPY 34. 25 Apr 19 Pigeon Corp. AGM 2 For Agenda item : Amend Articles to Change Fiscal Year End. 25 Apr 19 Pigeon Corp. AGM 3.1 For Agenda item : Appoint Statutory Auditor Amari, Kazuhisa. 25 Apr 19 Pigeon Corp. AGM 3.2 For Agenda item : Appoint Statutory Auditor Hashimoto, Nobuyuki. 25 Apr 19 Pigeon Corp. AGM 3.3 For Agenda item : Appoint Statutory Auditor Otsu, Koichi. 25 Apr 19 Pigeon Corp. AGM 3.4 For Agenda item : Appoint Statutory Auditor Taishido, Atsuko. 25 Apr 19 Pigeon Corp. AGM 4 For Agenda item : Appoint Alternate Statutory Auditor Omuro, Sachiko. 25 Apr 19 Pigeon Corp. AGM 5 For Agenda item : Approve Director Retirement Bonus. 25 Apr 19 Pigeon Corp. AGM 6 For Agenda item : Approve Bonus Related to Retirement Bonus System Abolition. 25 Apr 19 Pigeon Corp. AGM 7 For Agenda item : Approve Compensation Ceiling for Directors. 25 Apr 19 Pigeon Corp. AGM 8 For Agenda item : Approve Trust-Type Equity Compensation Plan. 25 Apr 19 Plastic Omnium SA Annual/Special 1 For Agenda item : Approve Financial Statements and Statutory Reports. 25 Apr 19 Plastic Omnium SA Annual/Special 2 For Agenda item : Approve Allocation of Income and Dividends of EUR 0.74 per Share. 25 Apr 19 Plastic Omnium SA Annual/Special 3 For Agenda item : Approve Transaction with Plastic Omnium Auto Inergy SAS. 25 Apr 19 Plastic Omnium SA Annual/Special 4 Opposed Agenda item : Approve Auditors' Special Report on Related-Party Transactions.

UBS Asset Management 92 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : We will not support related party transactions that are not in line with shareholders' interests and/or when disclosure is below best market practice. 25 Apr 19 Plastic Omnium SA Annual/Special 5 For Agenda item : Approve Consolidated Financial Statements and Statutory Reports. 25 Apr 19 Plastic Omnium SA Annual/Special 6 For Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital. 25 Apr 19 Plastic Omnium SA Annual/Special 7 Opposed Agenda item : Re-elect Amelie Oudea-Castera as Director. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 25 Apr 19 Plastic Omnium SA Annual/Special 8 For Agenda item : Approve Remuneration of Directors in the Aggregate Amount of EUR 690,000. 25 Apr 19 Plastic Omnium SA Annual/Special 9 Opposed Agenda item : Approve Remuneration Policy of Executive Corporate Officers. UBS note : The disclosure provided does not allow shareholders to make an informed assessment of the proposed remuneration policy. 25 Apr 19 Plastic Omnium SA Annual/Special 10 Opposed Agenda item : Approve Compensation of Laurent Burelle, Chairman and CEO. UBS note : Executive pay granted/vested during the year is not aligned with performance. 25 Apr 19 Plastic Omnium SA Annual/Special 11 Opposed Agenda item : Approve Compensation of Paul Henry Lemarie, Vice-CEO. UBS note : Executive pay granted/vested during the year is not aligned with performance. 25 Apr 19 Plastic Omnium SA Annual/Special 12 Opposed Agenda item : Approve Compensation of Jean-Michel Szczerba, Co-CEO and Vice-CEO. UBS note : We will vote against when the level of disclosure provided does not allow shareholders to make an informed assessment of executive remuneration granted during the year. 25 Apr 19 Plastic Omnium SA Annual/Special 13 Opposed Agenda item : Authorise Issuance of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of EUR 1 Million.

93 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : We are not supportive of authorities that could be used as an anti-takeover device and potentially help to entrench underperforming management. 25 Apr 19 Plastic Omnium SA Annual/Special 14 Opposed Agenda item : Authorise Issuance of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of EUR 1 Million. UBS note : We are not supportive of authorities that could be used as an anti-takeover device and potentially help to entrench underperforming management. 25 Apr 19 Plastic Omnium SA Annual/Special 15 Opposed Agenda item : Approve Issuance of Equity or Equity-Linked Securities for Private Placements, up to Aggregate Nominal Amount of EUR 1 Million. UBS note : We are not supportive of authorities that could be used as an anti-takeover device and potentially help to entrench underperforming management. 25 Apr 19 Plastic Omnium SA Annual/Special 16 Opposed Agenda item : Authorise Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Under Items 13-15. UBS note : We are not supportive of authorities that could be used as an anti-takeover device and potentially help to entrench underperforming management. 25 Apr 19 Plastic Omnium SA Annual/Special 17 For Agenda item : Authorise Capital Issuances for Use in Employee Stock Purchase Plans. 25 Apr 19 Plastic Omnium SA Annual/Special 18 For Agenda item : Change of Corporate Form From Societe Anonyme to Societe Europeenne. 25 Apr 19 Plastic Omnium SA Annual/Special 19 For Agenda item : Pursuant to Item 18 Above, Adopt New Bylaws. 25 Apr 19 Plastic Omnium SA Annual/Special 20 For Agenda item : Amend Article 11 of Bylaws Re: Employee Representative. 25 Apr 19 Plastic Omnium SA Annual/Special 21 For Agenda item : Authorise Filing of Required Documents/Other Formalities. 25 Apr 19 Polaris Industries Inc. AGM 1a For Agenda item : Elect Director Bernd F. Kessler. 25 Apr 19 Polaris Industries Inc. AGM 1b For Agenda item : Elect Director Lawrence D. Kingsley. 25 Apr 19 Polaris Industries Inc. AGM 1c For Agenda item : Elect Director Gwynne E. Shotwell.

UBS Asset Management 94 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Polaris Industries Inc. AGM 1d Opposed Agenda item : Elect Director Scott W. Wine. UBS note : We believe there should be an appropriate counterbalance when the positions of CEO and Chair are combined. 25 Apr 19 Polaris Industries Inc. AGM 2 For Agenda item : Amend Omnibus Stock Plan. 25 Apr 19 Polaris Industries Inc. AGM 3 For Agenda item : Ratify Ernst & Young LLP as Auditors. 25 Apr 19 Polaris Industries Inc. AGM 4 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : The proposed Plan does not provide a sufficiently strong link between awards and company and/or executive performance. 25 Apr 19 RELX Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 25 Apr 19 RELX Plc AGM 2 For Agenda item : Approve Remuneration Report. 25 Apr 19 RELX Plc AGM 3 For Agenda item : Approve Final Dividend. 25 Apr 19 RELX Plc AGM 4 For Agenda item : Reappoint Ernst & Young LLP as Auditors. 25 Apr 19 RELX Plc AGM 5 For Agenda item : Authorise the Audit Committee to Fix Remuneration of Auditors. 25 Apr 19 RELX Plc AGM 6 For Agenda item : Elect Andrew Sukawaty as Director. 25 Apr 19 RELX Plc AGM 7 For Agenda item : Re-elect Erik Engstrom as Director. 25 Apr 19 RELX Plc AGM 8 For Agenda item : Re-elect Sir Anthony Habgood as Director. 25 Apr 19 RELX Plc AGM 9 For Agenda item : Re-elect Wolfhart Hauser as Director. 25 Apr 19 RELX Plc AGM 10 For Agenda item : Re-elect Adrian Hennah as Director. 25 Apr 19 RELX Plc AGM 11 For Agenda item : Re-elect Marike van Lier Lels as Director. 25 Apr 19 RELX Plc AGM 12 For Agenda item : Re-elect Nick Luff as Director. 25 Apr 19 RELX Plc AGM 13 For Agenda item : Re-elect Robert MacLeod as Director. 25 Apr 19 RELX Plc AGM 14 For Agenda item : Re-elect Linda Sanford as Director. 25 Apr 19 RELX Plc AGM 15 For Agenda item : Re-elect Suzanne Wood as Director. 25 Apr 19 RELX Plc AGM 16 For Agenda item : Authorise Issue of Equity. 25 Apr 19 RELX Plc AGM 17 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 25 Apr 19 RELX Plc AGM 18 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment.

95 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 RELX Plc AGM 19 For Agenda item : Authorise Market Purchase of Ordinary Shares. 25 Apr 19 RELX Plc AGM 20 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 25 Apr 19 RELX Plc AGM 21 For Agenda item : Adopt New Articles of Association. 25 Apr 19 RELX Plc AGM 22 For Agenda item : Approve Capitalisation of Merger Reserve. 25 Apr 19 RELX Plc AGM 23 For Agenda item : Approve Cancellation of Capital Reduction Share. 25 Apr 19 RIT Capital Partners Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 25 Apr 19 RIT Capital Partners Plc AGM 2 For Agenda item : Approve Remuneration Report. 25 Apr 19 RIT Capital Partners Plc AGM 3 Opposed Agenda item : Re-elect Lord Rothschild as Director. UBS note : We will not support the election of executive directors on the Board of Investment Trusts. 25 Apr 19 RIT Capital Partners Plc AGM 4 For Agenda item : Re-elect Michael Marks as Director. 25 Apr 19 RIT Capital Partners Plc AGM 5 For Agenda item : Re-elect Mike Power as Director. 25 Apr 19 RIT Capital Partners Plc AGM 6 For Agenda item : Re-elect Hannah Rothschild as Director. 25 Apr 19 RIT Capital Partners Plc AGM 7 For Agenda item : Re-elect Amy Stirling as Director. 25 Apr 19 RIT Capital Partners Plc AGM 8 For Agenda item : Re-elect The Duke of Wellington as Director. 25 Apr 19 RIT Capital Partners Plc AGM 9 For Agenda item : Re-elect Philippe Costeletos as Director. 25 Apr 19 RIT Capital Partners Plc AGM 10 For Agenda item : Re-elect Andre Perold as Director. 25 Apr 19 RIT Capital Partners Plc AGM 11 Opposed Agenda item : Re-elect Jeremy Sillem as Director. UBS note : Candidate is not considered independent and is serving on a committee that should be fully independent. 25 Apr 19 RIT Capital Partners Plc AGM 12 For Agenda item : Elect Maggie Fanari as Director. 25 Apr 19 RIT Capital Partners Plc AGM 13 For Agenda item : Elect Sir James Leigh-Pemberton as Director. 25 Apr 19 RIT Capital Partners Plc AGM 14 For Agenda item : Reappoint Ernst & Young LLP as Auditors. 25 Apr 19 RIT Capital Partners Plc AGM 15 For Agenda item : Authorise Board to Fix Remuneration of Auditors. 25 Apr 19 RIT Capital Partners Plc AGM 16 For Agenda item : Authorise Issue of Equity. 25 Apr 19 RIT Capital Partners Plc AGM 17 Opposed Agenda item : Authorise Issue of Equity without Pre-emptive Rights. UBS note : We will not support routine authorities to issue shares without pre-emption rights exceeding 10% of the issued share capital as this is

UBS Asset Management 96 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments potentially overly dilutive for existing shareholders. 25 Apr 19 RIT Capital Partners Plc AGM 18 For Agenda item : Authorise Market Purchase of Ordinary Shares. 25 Apr 19 RIT Capital Partners Plc AGM 19 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 2 Opposed Agenda item : Approve Remuneration Report. UBS note : Yearly pension contribution rates exceed 30% of salary and are considered excessive. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 3 For Agenda item : Approve Final Dividend. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 4 For Agenda item : Approve Special Dividend. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 5 For Agenda item : Re-elect Howard Davies as Director. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 6 For Agenda item : Re-elect Ross McEwan as Director. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 7 For Agenda item : Elect Katie Murray as Director. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 8 For Agenda item : Re-elect Frank Dangeard as Director. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 9 For Agenda item : Re-elect Alison Davis as Director. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 10 For Agenda item : Elect Patrick Flynn as Director. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 11 For Agenda item : Re-elect Morten Friis as Director. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 12 For Agenda item : Re-elect Robert Gillespie as Director. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 13 For Agenda item : Re-elect Baroness Noakes as Director. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 14 For Agenda item : Re-elect Mike Rogers as Director. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 15 For Agenda item : Re-elect Mark Seligman as Director. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 16 For Agenda item : Re-elect Dr Lena Wilson as Director. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 17 For Agenda item : Reappoint Ernst & Young LLP as Auditors. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 18 For Agenda item : Authorise the Group Audit Committee to Fix Remuneration of Auditors. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 19 For Agenda item : Authorise Issue of Equity. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 20 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 21 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment.

97 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Royal Bank of Scotland Group Plc AGM 22 For Agenda item : Authorise Issue of Equity in Relation to the Issue of Equity Convertible Notes. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 23 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with the Issue of Equity Convertible Notes. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 24 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 25 For Agenda item : Authorise EU Political Donations and Expenditure. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 26 For Agenda item : Authorise Market Purchase of Ordinary Shares. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 27 For Agenda item : Authorise Off-Market Purchase of Ordinary Shares. 25 Apr 19 Royal Bank of Scotland Group Plc AGM 28 Opposed Agenda item : Establish Shareholder Committee. 25 Apr 19 SVB Financial Group AGM 1.1 For Agenda item : Elect Director Greg W. Becker. 25 Apr 19 SVB Financial Group AGM 1.10 For Agenda item : Elect Director John F. Robinson. 25 Apr 19 SVB Financial Group AGM 1.11 For Agenda item : Elect Director Garen K. Staglin. 25 Apr 19 SVB Financial Group AGM 1.2 Opposed Agenda item : Elect Director Eric A. Benhamou. UBS note : We will not support the election of a non-independent, non-executive directors who shall serve on the Nomination Committee where the committee is not made up of a majority of independent directors. 25 Apr 19 SVB Financial Group AGM 1.3 For Agenda item : Elect Director John S. Clendening. 25 Apr 19 SVB Financial Group AGM 1.4 Opposed Agenda item : Elect Director Roger F. Dunbar. UBS note : We will not support the election of a non-independent, non-executive directors who shall serve on the Nomination Committee where the committee is not made up of a majority of independent directors. 25 Apr 19 SVB Financial Group AGM 1.5 Opposed Agenda item : Elect Director Joel P. Friedman. UBS note : We will not support the election of a non-independent, non-executive directors who shall serve on the Nomination Committee where the committee is not made up of a majority of independent directors. 25 Apr 19 SVB Financial Group AGM 1.6 For Agenda item : Elect Director Kimberly A. Jabal. 25 Apr 19 SVB Financial Group AGM 1.7 For Agenda item : Elect Director Jeffrey N. Maggioncalda. 25 Apr 19 SVB Financial Group AGM 1.8 For Agenda item : Elect Director Mary J. Miller.

UBS Asset Management 98 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 SVB Financial Group AGM 1.9 For Agenda item : Elect Director Kate D. Mitchell. 25 Apr 19 SVB Financial Group AGM 2 For Agenda item : Eliminate Cumulative Voting. 25 Apr 19 SVB Financial Group AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 25 Apr 19 SVB Financial Group AGM 4 For Agenda item : Amend Omnibus Stock Plan. 25 Apr 19 SVB Financial Group AGM 5 Opposed Agenda item : Ratify KPMG LLP as Auditors. UBS note : The tenure of auditor used by the company exceeds 20 years. 25 Apr 19 Schneider Electric SE Annual/Special 1 For Agenda item : Approve Financial Statements and Statutory Reports. 25 Apr 19 Schneider Electric SE Annual/Special 2 For Agenda item : Approve Consolidated Financial Statements and Statutory Reports. 25 Apr 19 Schneider Electric SE Annual/Special 3 For Agenda item : Approve Allocation of Income and Dividends of EUR 2.35 per Share. 25 Apr 19 Schneider Electric SE Annual/Special 4 For Agenda item : Approve Auditors' Special Report on Related-Party Transactions. 25 Apr 19 Schneider Electric SE Annual/Special 5 For Agenda item : Approve Compensation of Jean Pascal Tricoire, Chairman and CEO. 25 Apr 19 Schneider Electric SE Annual/Special 6 Opposed Agenda item : Approve Compensation of Emmanuel Babeau, Vice-CEO. UBS note : Salary increase is considered excessive and the company has provided insufficient explanation for the increase. 25 Apr 19 Schneider Electric SE Annual/Special 7 Opposed Agenda item : Approve Remuneration Policy of Chairman and CEO. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 25 Apr 19 Schneider Electric SE Annual/Special 8 Opposed Agenda item : Approve Remuneration Policy of Vice-CEO. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 25 Apr 19 Schneider Electric SE Annual/Special 9 For Agenda item : Re-elect Greg Spierkel as Director. 25 Apr 19 Schneider Electric SE Annual/Special 10 Opposed Agenda item : Elect Carolina Dybeck Happe as Director.

99 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 25 Apr 19 Schneider Electric SE Annual/Special 11 For Agenda item : Elect Xuezheng Ma as Director. 25 Apr 19 Schneider Electric SE Annual/Special 12 Opposed Agenda item : Elect Lip Bu Tan as Director. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 25 Apr 19 Schneider Electric SE Annual/Special 13 For Agenda item : Approve Remuneration of Directors in the Aggregate Amount of EUR 2.5 Million. 25 Apr 19 Schneider Electric SE Annual/Special 14 For Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital. 25 Apr 19 Schneider Electric SE Annual/Special 15 Opposed Agenda item : Authorise Issuance of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of EUR 800 Million. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 25 Apr 19 Schneider Electric SE Annual/Special 16 For Agenda item : Authorise Capitalization of Reserves of Up to EUR 800 Million for Bonus Issue or Increase in Par Value. 25 Apr 19 Schneider Electric SE Annual/Special 17 For Agenda item : Authorise Issuance of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of EUR 230 Million. 25 Apr 19 Schneider Electric SE Annual/Special 18 Opposed Agenda item : Authorise Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Under Items 15 and 17. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders.

UBS Asset Management 100 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Schneider Electric SE Annual/Special 19 For Agenda item : Authorise Capital Increase of up to 9.93 Percent of Issued Capital for Contributions in Kind. 25 Apr 19 Schneider Electric SE Annual/Special 20 For Agenda item : Approve Issuance of Equity or Equity-Linked Securities for Private Placements up to Aggregate Nominal Amount of EUR 115 Million. 25 Apr 19 Schneider Electric SE Annual/Special 21 For Agenda item : Authorise up to 2 Percent of Issued Capital for Use in Restricted Stock Plans. 25 Apr 19 Schneider Electric SE Annual/Special 22 For Agenda item : Authorise Capital Issuances for Use in Employee Stock Purchase Plans. 25 Apr 19 Schneider Electric SE Annual/Special 23 For Agenda item : Authorise Capital Issuances for Use in Employee Stock Purchase Plans Reserved for Employees of International Subsidiaries. 25 Apr 19 Schneider Electric SE Annual/Special 24 For Agenda item : Authorise Decrease in Share Capital via Cancellation of Repurchased Shares. 25 Apr 19 Schneider Electric SE Annual/Special 25 For Agenda item : Authorise Filing of Required Documents/Other Formalities. 25 Apr 19 Seagate Technology plc EGM 1 For Agenda item : Approve Reduction in Capital and Creation of Distributable Reserves. 25 Apr 19 Sekisui House, Ltd. AGM 1 For Agenda item : Approve Allocation of Income, with a Final Dividend of JPY 40. 25 Apr 19 Sekisui House, Ltd. AGM 2 For Agenda item : Approve Annual Bonus. 25 Apr 19 Sekisui House, Ltd. AGM 3 Opposed Agenda item : Approve Restricted Stock Plan. UBS note : We will not support proposals to issue shares under a stock plan / deep discount plan without performance conditions. 25 Apr 19 Snap-on Incorporated AGM 1.1 For Agenda item : Elect Director David C. Adams. 25 Apr 19 Snap-on Incorporated AGM 1.10 For Agenda item : Elect Director Donald J. Stebbins. 25 Apr 19 Snap-on Incorporated AGM 1.2 For Agenda item : Elect Director Karen L. Daniel. 25 Apr 19 Snap-on Incorporated AGM 1.3 For Agenda item : Elect Director Ruth Ann M. Gillis. 25 Apr 19 Snap-on Incorporated AGM 1.4 Opposed Agenda item : Elect Director James P. Holden. UBS note : We expect the Lead Director to be independent. 25 Apr 19 Snap-on Incorporated AGM 1.5 For Agenda item : Elect Director Nathan J. Jones. 25 Apr 19 Snap-on Incorporated AGM 1.6 For Agenda item : Elect Director Henry W. Knueppel. 25 Apr 19 Snap-on Incorporated AGM 1.7 For Agenda item : Elect Director W. Dudley Lehman.

101 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Snap-on Incorporated AGM 1.8 Opposed Agenda item : Elect Director Nicholas T. Pinchuk. UBS note : We believe there should be an appropriate counterbalance when the positions of CEO and Chair are combined. 25 Apr 19 Snap-on Incorporated AGM 1.9 For Agenda item : Elect Director Gregg M. Sherrill. 25 Apr 19 Snap-on Incorporated AGM 2 For Agenda item : Ratify Deloitte & Touche LLP as Auditor. 25 Apr 19 Snap-on Incorporated AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : Pay frameworks where long-term incentive plans have a performance period of less than three years do not provide adequate alignment with shareholders' long-term interests. 25 Apr 19 Southern Copper Corp. AGM 1.1 Withhold Agenda item : Elect Director German Larrea Mota-Velasco. UBS note : We will not support the election of an Executive Director being elected to serve on the Compensation/Remuneration Committee. 25 Apr 19 Southern Copper Corp. AGM 1.10 Withhold Agenda item : Elect Director Carlos Ruiz Sacristan. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 25 Apr 19 Southern Copper Corp. AGM 1.2 Withhold Agenda item : Elect Director Oscar Gonzalez Rocha. UBS note : We will not support the election of an Executive Director being elected to serve on the Compensation/Remuneration Committee. 25 Apr 19 Southern Copper Corp. AGM 1.3 For Agenda item : Elect Director Vicente Ariztegui Andreve. 25 Apr 19 Southern Copper Corp. AGM 1.4 For Agenda item : Elect Director Alfredo Casar Perez. 25 Apr 19 Southern Copper Corp. AGM 1.5 For Agenda item : Elect Director Enrique Castillo Sanchez Mejorada. 25 Apr 19 Southern Copper Corp. AGM 1.6 Withhold Agenda item : Elect Director Xavier Garcia de Quevedo Topete. UBS note : We will not support the election of an Executive Director being elected to serve on the Compensation/Remuneration Committee. 25 Apr 19 Southern Copper Corp. AGM 1.7 For Agenda item : Elect Director Rafael Mac Gregor Anciola. 25 Apr 19 Southern Copper Corp. AGM 1.8 Withhold Agenda item : Elect Director Luis Miguel Palomino Bonilla. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent.

UBS Asset Management 102 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Southern Copper Corp. AGM 1.9 Withhold Agenda item : Elect Director Gilberto Perezalonso Cifuentes. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 25 Apr 19 Southern Copper Corp. AGM 2 For Agenda item : Ratify Galaz, Yamazaki, Ruiz Urquiza S.C as Auditors. 25 Apr 19 Southern Copper Corp. AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : Pay frameworks where short-term incentives are more valuable than long-term incentives do not provide adequate alignment with shareholders' long-term interests. 25 Apr 19 Synthomer Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 25 Apr 19 Synthomer Plc AGM 2 For Agenda item : Approve Remuneration Report. 25 Apr 19 Synthomer Plc AGM 3 For Agenda item : Approve Final Dividend. 25 Apr 19 Synthomer Plc AGM 4 For Agenda item : Re-elect Calum MacLean as Director. 25 Apr 19 Synthomer Plc AGM 5 For Agenda item : Re-elect Stephen Bennett as Director. 25 Apr 19 Synthomer Plc AGM 6 For Agenda item : Re-elect Alex Catto as Director. 25 Apr 19 Synthomer Plc AGM 7 Opposed Agenda item : Re-elect Dato' Lee Hau Hian as Director. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 25 Apr 19 Synthomer Plc AGM 8 For Agenda item : Re-elect Dr Just Jansz as Director. 25 Apr 19 Synthomer Plc AGM 9 For Agenda item : Re-elect Brendan Connolly as Director. 25 Apr 19 Synthomer Plc AGM 10 For Agenda item : Re-elect Caroline Johnstone as Director. 25 Apr 19 Synthomer Plc AGM 11 Opposed Agenda item : Re-elect Neil Johnson as Director. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 25 Apr 19 Synthomer Plc AGM 12 For Agenda item : Elect Holly Van Deursen as Director. 25 Apr 19 Synthomer Plc AGM 13 For Agenda item : Reappoint PricewaterhouseCoopers LLP as Auditors. 25 Apr 19 Synthomer Plc AGM 14 For Agenda item : Authorise the Audit Committee to Fix Remuneration of

103 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments Auditors. 25 Apr 19 Synthomer Plc AGM 15 For Agenda item : Authorise Issue of Equity. 25 Apr 19 Synthomer Plc AGM 16 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 25 Apr 19 Synthomer Plc AGM 17 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 25 Apr 19 Synthomer Plc AGM 18 For Agenda item : Authorise Market Purchase of Ordinary Shares. 25 Apr 19 Synthomer Plc AGM 19 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 25 Apr 19 T. Rowe Price Group, Inc. AGM 1a For Agenda item : Elect Director Mark S. Bartlett. 25 Apr 19 T. Rowe Price Group, Inc. AGM 1b For Agenda item : Elect Director Mary K. Bush. 25 Apr 19 T. Rowe Price Group, Inc. AGM 1c For Agenda item : Elect Director Freeman A. Hrabowski, III. 25 Apr 19 T. Rowe Price Group, Inc. AGM 1d For Agenda item : Elect Director Robert F. MacLellan. 25 Apr 19 T. Rowe Price Group, Inc. AGM 1e For Agenda item : Elect Director Olympia J. Snowe. 25 Apr 19 T. Rowe Price Group, Inc. AGM 1f For Agenda item : Elect Director William J. Stromberg. 25 Apr 19 T. Rowe Price Group, Inc. AGM 1g For Agenda item : Elect Director Richard R. Verma. 25 Apr 19 T. Rowe Price Group, Inc. AGM 1h For Agenda item : Elect Director Sandra S. Wijnberg. 25 Apr 19 T. Rowe Price Group, Inc. AGM 1i For Agenda item : Elect Director Alan D. Wilson. 25 Apr 19 T. Rowe Price Group, Inc. AGM 2 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : Pay frameworks where long-term incentive plans have a performance period of less than three years do not provide adequate alignment with shareholders' long-term interests. 25 Apr 19 T. Rowe Price Group, Inc. AGM 3 For Agenda item : Ratify KPMG LLP as Auditors. 25 Apr 19 Taylor Wimpey Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 25 Apr 19 Taylor Wimpey Plc AGM 2 For Agenda item : Approve Final Dividend. 25 Apr 19 Taylor Wimpey Plc AGM 3 For Agenda item : Approve Special Dividend. 25 Apr 19 Taylor Wimpey Plc AGM 4 For Agenda item : Re-elect Kevin Beeston as Director. 25 Apr 19 Taylor Wimpey Plc AGM 5 For Agenda item : Re-elect Pete Redfern as Director. 25 Apr 19 Taylor Wimpey Plc AGM 6 For Agenda item : Re-elect James Jordan as Director.

UBS Asset Management 104 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Taylor Wimpey Plc AGM 7 For Agenda item : Re-elect Kate Barker as Director. 25 Apr 19 Taylor Wimpey Plc AGM 8 For Agenda item : Re-elect Gwyn Burr as Director. 25 Apr 19 Taylor Wimpey Plc AGM 9 For Agenda item : Re-elect Angela Knight as Director. 25 Apr 19 Taylor Wimpey Plc AGM 10 For Agenda item : Re-elect Humphrey Singer as Director. 25 Apr 19 Taylor Wimpey Plc AGM 11 For Agenda item : Elect Chris Carney as Director. 25 Apr 19 Taylor Wimpey Plc AGM 12 For Agenda item : Elect Jennie Daly as Director. 25 Apr 19 Taylor Wimpey Plc AGM 13 For Agenda item : Reappoint Deloitte LLP as Auditors. 25 Apr 19 Taylor Wimpey Plc AGM 14 For Agenda item : Authorise the Audit Committee to Fix Remuneration of Auditors. 25 Apr 19 Taylor Wimpey Plc AGM 15 For Agenda item : Authorise Issue of Equity. 25 Apr 19 Taylor Wimpey Plc AGM 16 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 25 Apr 19 Taylor Wimpey Plc AGM 17 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 25 Apr 19 Taylor Wimpey Plc AGM 18 For Agenda item : Authorise Market Purchase of Ordinary Shares. 25 Apr 19 Taylor Wimpey Plc AGM 19 For Agenda item : Approve Remuneration Report. 25 Apr 19 Taylor Wimpey Plc AGM 20 For Agenda item : Authorise EU Political Donations and Expenditure. 25 Apr 19 Taylor Wimpey Plc AGM 21 For Agenda item : Approve Sale of an Apartment by Taylor Wimpey UK Limited to Pete Redfern. 25 Apr 19 Taylor Wimpey Plc AGM 22 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 25 Apr 19 Texas Instruments Incorporated AGM 1a For Agenda item : Elect Director Mark A. Blinn. 25 Apr 19 Texas Instruments Incorporated AGM 1b Opposed Agenda item : Elect Director Todd M. Bluedorn. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 25 Apr 19 Texas Instruments Incorporated AGM 1c For Agenda item : Elect Director Janet F. Clark. 25 Apr 19 Texas Instruments Incorporated AGM 1d Opposed Agenda item : Elect Director Carrie S. Cox. UBS note : We will not support the election of a non-independent non-executive director who shall serve on the Remuneration Committee when

105 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments the Committee is not made up of majority of independent directors. 25 Apr 19 Texas Instruments Incorporated AGM 1e For Agenda item : Elect Director Martin S. Craighead. 25 Apr 19 Texas Instruments Incorporated AGM 1f For Agenda item : Elect Director Jean M. Hobby. 25 Apr 19 Texas Instruments Incorporated AGM 1g For Agenda item : Elect Director Ronald Kirk. 25 Apr 19 Texas Instruments Incorporated AGM 1h Opposed Agenda item : Elect Director Pamela H. Patsley. UBS note : We will not support the election of a non-independent non-executive director who shall serve on the Remuneration Committee when the Committee is not made up of majority of independent directors. 25 Apr 19 Texas Instruments Incorporated AGM 1i For Agenda item : Elect Director Robert E. Sanchez. 25 Apr 19 Texas Instruments Incorporated AGM 1j For Agenda item : Elect Director Richard K. Templeton. 25 Apr 19 Texas Instruments Incorporated AGM 2 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : The proposed Plan does not provide a sufficiently strong link between awards and company and/or executive performance. 25 Apr 19 Texas Instruments Incorporated AGM 3 Opposed Agenda item : Ratify Ernst & Young LLP as Auditors. UBS note : The tenure of auditor used by the company exceeds 20 years. 25 Apr 19 Torchmark Corporation AGM 1.1 Opposed Agenda item : Elect Director Charles E. Adair. UBS note : We will not support the election of a non-independent, non-executive directors who shall serve on the Nomination Committee where the committee is not made up of a majority of independent directors. 25 Apr 19 Torchmark Corporation AGM 1.10 For Agenda item : Elect Director Darren M. Rebelez. 25 Apr 19 Torchmark Corporation AGM 1.11 For Agenda item : Elect Director Lamar C. Smith. 25 Apr 19 Torchmark Corporation AGM 1.12 For Agenda item : Elect Director Mary E. Thigpen. 25 Apr 19 Torchmark Corporation AGM 1.2 For Agenda item : Elect Director Linda L. Addison. 25 Apr 19 Torchmark Corporation AGM 1.3 For Agenda item : Elect Director Marilyn A. Alexander. 25 Apr 19 Torchmark Corporation AGM 1.4 For Agenda item : Elect Director Cheryl D. Alston. 25 Apr 19 Torchmark Corporation AGM 1.5 For Agenda item : Elect Director Jane M. Buchan. 25 Apr 19 Torchmark Corporation AGM 1.6 Opposed Agenda item : Elect Director Gary L. Coleman. UBS note : We believe there should be an appropriate counterbalance when

UBS Asset Management 106 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments the positions of CEO and Chair are combined. 25 Apr 19 Torchmark Corporation AGM 1.7 Opposed Agenda item : Elect Director Larry M. Hutchison. UBS note : We believe there should be an appropriate counterbalance when the positions of CEO and Chair are combined. 25 Apr 19 Torchmark Corporation AGM 1.8 Opposed Agenda item : Elect Director Robert W. Ingram. UBS note : We will not support the election of a non-independent, non-executive directors who shall serve on the Nomination Committee where the committee is not made up of a majority of independent directors. 25 Apr 19 Torchmark Corporation AGM 1.9 For Agenda item : Elect Director Steven P. Johnson. 25 Apr 19 Torchmark Corporation AGM 2 For Agenda item : Ratify Deloitte & Touche LLP as Auditor. 25 Apr 19 Torchmark Corporation AGM 3 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 25 Apr 19 Tullow Oil Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 25 Apr 19 Tullow Oil Plc AGM 2 For Agenda item : Approve Final Dividend. 25 Apr 19 Tullow Oil Plc AGM 3 For Agenda item : Approve Remuneration Report. 25 Apr 19 Tullow Oil Plc AGM 4 For Agenda item : Re-elect Michael Daly as Director. 25 Apr 19 Tullow Oil Plc AGM 5 For Agenda item : Re-elect Steve Lucas as Director. 25 Apr 19 Tullow Oil Plc AGM 6 For Agenda item : Re-elect Angus McCoss as Director. 25 Apr 19 Tullow Oil Plc AGM 7 For Agenda item : Re-elect Paul McDade as Director. 25 Apr 19 Tullow Oil Plc AGM 8 For Agenda item : Elect Dorothy Thompson as Director. 25 Apr 19 Tullow Oil Plc AGM 9 For Agenda item : Re-elect Jeremy Wilson as Director. 25 Apr 19 Tullow Oil Plc AGM 10 For Agenda item : Re-elect Les Wood as Director. 25 Apr 19 Tullow Oil Plc AGM 11 For Agenda item : Reappoint Deloitte LLP as Auditors. 25 Apr 19 Tullow Oil Plc AGM 12 For Agenda item : Authorise the Audit Committee to Fix Remuneration of Auditors. 25 Apr 19 Tullow Oil Plc AGM 13 For Agenda item : Authorise Issue of Equity. 25 Apr 19 Tullow Oil Plc AGM 14 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 25 Apr 19 Tullow Oil Plc AGM 15 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice.

107 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 25 Apr 19 Tullow Oil Plc AGM 16 For Agenda item : Authorise Market Purchase of Ordinary Shares. 25 Apr 19 UCB SA Annual/Special 4 For Agenda item : Approve Financial Statements, Allocation of Income, and Dividends of EUR 1.21 per Share. 25 Apr 19 UCB SA Annual/Special 5 Opposed Agenda item : Approve Remuneration Report. UBS note : Yearly pension contribution rates exceed 30% of salary and are considered excessive. 25 Apr 19 UCB SA Annual/Special 6 For Agenda item : Approve Discharge of Directors. 25 Apr 19 UCB SA Annual/Special 7 For Agenda item : Approve Discharge of Auditor. 25 Apr 19 UCB SA Annual/Special 8.1 For Agenda item : Re-elect Evelyn du Monceau as Director. 25 Apr 19 UCB SA Annual/Special 8.2 For Agenda item : Re-elect Cyril Janssen as Director. 25 Apr 19 UCB SA Annual/Special 8.3A For Agenda item : Re-elect Alice Dautry as Director. 25 Apr 19 UCB SA Annual/Special 8.3B For Agenda item : Indicate Alice Dautry as Independent Board Member. 25 Apr 19 UCB SA Annual/Special 8.4A For Agenda item : Elect Jan Berger as Director. 25 Apr 19 UCB SA Annual/Special 8.4B For Agenda item : Indicate Jan Berger as Independent Board Member. 25 Apr 19 UCB SA Annual/Special 9 For Agenda item : Approve Remuneration of Directors. 25 Apr 19 UCB SA Annual/Special 10 For Agenda item : Approve Long Term Incentive Plan. 25 Apr 19 UCB SA Annual/Special 11.1 For Agenda item : Approve Change-of-Control Clause Re: Renewal of EMTN Program. 25 Apr 19 UCB SA Annual/Special 11.2 Opposed Agenda item : Approve Change-of-Control Clause Re: LTI Plans of the UCB Group. UBS note : Accelerated vesting of outstanding awards is contrary to the alignment between executive pay and shareholder long-term interest. 25 Apr 19 UOL Group Ltd. AGM 1 For Agenda item : Adopt Financial Statements and Directors' and Auditors' Reports. 25 Apr 19 UOL Group Ltd. AGM 2 For Agenda item : Approve First and Final Dividend. 25 Apr 19 UOL Group Ltd. AGM 3 For Agenda item : Approve Directors' Fees. 25 Apr 19 UOL Group Ltd. AGM 4 Opposed Agenda item : Elect Wee Ee Lim, as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is

UBS Asset Management 108 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments independent. 25 Apr 19 UOL Group Ltd. AGM 5 For Agenda item : Approve PricewaterhouseCoopers LLP as Auditors and Authorise Board to Fix Their Remuneration. 25 Apr 19 UOL Group Ltd. AGM 6 For Agenda item : Elect Sim Hwee Cher as Director. 25 Apr 19 UOL Group Ltd. AGM 7 For Agenda item : Elect Liam Wee Sin as Director. 25 Apr 19 UOL Group Ltd. AGM 8 Opposed Agenda item : Approve Grant of Options and Issuance of Shares Under the UOL 2012 Share Option Scheme. UBS note : The quantum of shares issuable to satisfy awards under the plan is overly dilutive for current shareholders. 25 Apr 19 UOL Group Ltd. AGM 9 Opposed Agenda item : Approve Issuance of Equity or Equity-Linked Securities with or without Pre-emptive Rights. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 25 Apr 19 UOL Group Ltd. AGM 10 For Agenda item : Authorise Share Repurchase Program. 25 Apr 19 Umicore Annual/Special 1 For Agenda item : Approve Change-of-Control Clause Re: Revolving Facility Agreement with Various Financial Institutions. 25 Apr 19 Umicore Annual/Special 2 For Agenda item : Approve Remuneration Report. 25 Apr 19 Umicore Annual/Special 3 For Agenda item : Approve Financial Statements, Allocation of Income, and Dividends of EUR 0.75 per Share. 25 Apr 19 Umicore Annual/Special 5 For Agenda item : Approve Discharge of Directors. 25 Apr 19 Umicore Annual/Special 6 For Agenda item : Approve Discharge of Auditor. 25 Apr 19 Umicore Annual/Special 7.1 For Agenda item : Re-elect Francoise Chombar as Independent Director. 25 Apr 19 Umicore Annual/Special 7.2 For Agenda item : Elect Laurent Raets as Director. 25 Apr 19 Umicore Annual/Special 7.3 For Agenda item : Approve Remuneration of Directors. 26 Apr 19 AT&T Inc. AGM 1.1 For Agenda item : Elect Director Randall L. Stephenson. 26 Apr 19 AT&T Inc. AGM 1.10 For Agenda item : Elect Director Cynthia B. Taylor. 26 Apr 19 AT&T Inc. AGM 1.11 For Agenda item : Elect Director Laura D'Andrea Tyson.

109 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 26 Apr 19 AT&T Inc. AGM 1.12 For Agenda item : Elect Director Geoffrey Y. Yang. 26 Apr 19 AT&T Inc. AGM 1.2 For Agenda item : Elect Director Samuel A. Di Piazza, Jr. 26 Apr 19 AT&T Inc. AGM 1.3 For Agenda item : Elect Director Richard W. Fisher. 26 Apr 19 AT&T Inc. AGM 1.4 For Agenda item : Elect Director Scott T. Ford. 26 Apr 19 AT&T Inc. AGM 1.5 For Agenda item : Elect Director Glenn H. Hutchins. 26 Apr 19 AT&T Inc. AGM 1.6 For Agenda item : Elect Director William E. Kennard. 26 Apr 19 AT&T Inc. AGM 1.7 For Agenda item : Elect Director Michael B. McCallister. 26 Apr 19 AT&T Inc. AGM 1.8 For Agenda item : Elect Director Beth E. Mooney. 26 Apr 19 AT&T Inc. AGM 1.9 For Agenda item : Elect Director Matthew K. Rose. 26 Apr 19 AT&T Inc. AGM 2 For Agenda item : Ratify Ernst & Young LLP as Auditors. 26 Apr 19 AT&T Inc. AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 26 Apr 19 AT&T Inc. AGM 4 For Agenda item : Require Independent Board Chairman. UBS note : We normally support proposals to separate the positions of Chairman and CEO. 26 Apr 19 Abbott Laboratories AGM 1.1 For Agenda item : Elect Director Robert J. Alpern. 26 Apr 19 Abbott Laboratories AGM 1.10 For Agenda item : Elect Director Daniel J. Starks. 26 Apr 19 Abbott Laboratories AGM 1.11 For Agenda item : Elect Director John G. Stratton. 26 Apr 19 Abbott Laboratories AGM 1.12 Withhold Agenda item : Elect Director Glenn F. Tilton. UBS note : We will not support the election of non-independent, non-executive directors should the Audit Committee not comprise of 2/3 independent directors. 26 Apr 19 Abbott Laboratories AGM 1.13 For Agenda item : Elect Director Miles D. White. 26 Apr 19 Abbott Laboratories AGM 1.2 Withhold Agenda item : Elect Director Roxanne S. Austin. UBS note : We will not support the election of non-independent, non-executive directors should the Audit Committee not comprise of 2/3 independent directors.

UBS Asset Management 110 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 26 Apr 19 Abbott Laboratories AGM 1.3 For Agenda item : Elect Director Sally E. Blount. 26 Apr 19 Abbott Laboratories AGM 1.4 For Agenda item : Elect Director Michelle A. Kumbier. 26 Apr 19 Abbott Laboratories AGM 1.5 For Agenda item : Elect Director Edward M. Liddy. 26 Apr 19 Abbott Laboratories AGM 1.6 Withhold Agenda item : Elect Director Nancy McKinstry. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 26 Apr 19 Abbott Laboratories AGM 1.7 For Agenda item : Elect Director Phebe N. Novakovic. 26 Apr 19 Abbott Laboratories AGM 1.8 For Agenda item : Elect Director William A. Osborn. 26 Apr 19 Abbott Laboratories AGM 1.9 Withhold Agenda item : Elect Director Samuel C. Scott, III. UBS note : We will not support the election of non-independent, non-executive directors should the Audit Committee not comprise of 2/3 independent directors. 26 Apr 19 Abbott Laboratories AGM 2 For Agenda item : Ratify Ernst & Young LLP as Auditors. 26 Apr 19 Abbott Laboratories AGM 3 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 26 Apr 19 Abbott Laboratories AGM 4 For Agenda item : Require Independent Board Chairman. UBS note : We normally support proposals to separate the positions of Chairman and CEO. 26 Apr 19 Agnico Eagle Mines Ltd. Annual/Special 1.1 Withhold Agenda item : Elect Director Leanne M. Baker. UBS note : We expect the Audit Committee Chair to be independent and will not support nominees considered non-independent directors, as well as former executives. 26 Apr 19 Agnico Eagle Mines Ltd. Annual/Special 1.10 For Agenda item : Elect Director Jamie C. Sokalsky. 26 Apr 19 Agnico Eagle Mines Ltd. Annual/Special 1.2 For Agenda item : Elect Director Sean Boyd. 26 Apr 19 Agnico Eagle Mines Ltd. Annual/Special 1.3 For Agenda item : Elect Director Martine A. Celej. 26 Apr 19 Agnico Eagle Mines Ltd. Annual/Special 1.4 For Agenda item : Elect Director Robert J. Gemmell. 26 Apr 19 Agnico Eagle Mines Ltd. Annual/Special 1.5 Withhold Agenda item : Elect Director Mel Leiderman. UBS note : We will not support the election of non-independent,

111 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments non-executive directors should the Audit Committee not comprise of 2/3 independent directors. 26 Apr 19 Agnico Eagle Mines Ltd. Annual/Special 1.6 For Agenda item : Elect Director Deborah McCombe. 26 Apr 19 Agnico Eagle Mines Ltd. Annual/Special 1.7 For Agenda item : Elect Director James D. Nasso. 26 Apr 19 Agnico Eagle Mines Ltd. Annual/Special 1.8 For Agenda item : Elect Director Sean Riley. 26 Apr 19 Agnico Eagle Mines Ltd. Annual/Special 1.9 For Agenda item : Elect Director J. Merfyn Roberts. 26 Apr 19 Agnico Eagle Mines Ltd. Annual/Special 2 Withhold Agenda item : Approve Ernst & Young LLP as Auditors and Authorise Board to Fix Their Remuneration. UBS note : The tenure of auditor used by the company exceeds 20 years. 26 Apr 19 Agnico Eagle Mines Ltd. Annual/Special 3 For Agenda item : Amend Incentive Share Purchase Plan. 26 Apr 19 Agnico Eagle Mines Ltd. Annual/Special 4 Opposed Agenda item : Advisory Vote on Executive Compensation Approach. UBS note : Accelerated vesting of outstanding awards is contrary to the alignment between executive pay and shareholder long-term interest. 26 Apr 19 Alfa Financial Software Holdings Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 26 Apr 19 Alfa Financial Software Holdings Plc AGM 2 For Agenda item : Approve Remuneration Report. 26 Apr 19 Alfa Financial Software Holdings Plc AGM 3 For Agenda item : Re-elect Andrew Denton as Director. 26 Apr 19 Alfa Financial Software Holdings Plc AGM 4 For Agenda item : Re-elect Vivienne Maclachlan as Director. 26 Apr 19 Alfa Financial Software Holdings Plc AGM 5 For Agenda item : Re-elect Andrew Page as Director. 26 Apr 19 Alfa Financial Software Holdings Plc AGM 6 For Agenda item : Re-elect Karen Slatford as Director. 26 Apr 19 Alfa Financial Software Holdings Plc AGM 7 For Agenda item : Re-elect Robin Taylor as Director. 26 Apr 19 Alfa Financial Software Holdings Plc AGM 8 For Agenda item : Reappoint Deloitte LLP as Auditors. 26 Apr 19 Alfa Financial Software Holdings Plc AGM 9 For Agenda item : Authorise Audit and Risk Committee to Fix Remuneration of Auditors. 26 Apr 19 Alfa Financial Software Holdings Plc AGM 10 For Agenda item : Authorise Issue of Equity. 26 Apr 19 Alfa Financial Software Holdings Plc AGM 11 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 26 Apr 19 Alfa Financial Software Holdings Plc AGM 12 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 26 Apr 19 Alfa Financial Software Holdings Plc AGM 13 For Agenda item : Authorise Market Purchase of Ordinary Shares. 26 Apr 19 Alfa Financial Software Holdings Plc AGM 14 For Agenda item : Authorise the Company to Call General Meeting with Two

UBS Asset Management 112 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments Weeks' Notice. 26 Apr 19 Alfa Financial Software Holdings Plc AGM 15 For Agenda item : Authorise EU Political Donations and Expenditure. 26 Apr 19 Alleghany Corp. AGM 1.1 For Agenda item : Elect Director Karen Brenner. 26 Apr 19 Alleghany Corp. AGM 1.2 For Agenda item : Elect Director John G. Foos. 26 Apr 19 Alleghany Corp. AGM 1.3 For Agenda item : Elect Director Lauren M. Tyler. 26 Apr 19 Alleghany Corp. AGM 2 For Agenda item : Ratify Ernst & Young LLP as Auditor. 26 Apr 19 Alleghany Corp. AGM 3 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 26 Apr 19 AstraZeneca Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 26 Apr 19 AstraZeneca Plc AGM 2 For Agenda item : Approve Dividends. 26 Apr 19 AstraZeneca Plc AGM 3 For Agenda item : Reappoint PricewaterhouseCoopers LLP as Auditors. 26 Apr 19 AstraZeneca Plc AGM 4 For Agenda item : Authorise Board to Fix Remuneration of Auditors. 26 Apr 19 AstraZeneca Plc AGM 5a For Agenda item : Re-elect Leif Johansson as Director. 26 Apr 19 AstraZeneca Plc AGM 5b For Agenda item : Re-elect Pascal Soriot as Director. 26 Apr 19 AstraZeneca Plc AGM 5c For Agenda item : Re-elect Marc Dunoyer as Director. 26 Apr 19 AstraZeneca Plc AGM 5d For Agenda item : Re-elect Genevieve Berger as Director. 26 Apr 19 AstraZeneca Plc AGM 5e For Agenda item : Re-elect Philip Broadley as Director. 26 Apr 19 AstraZeneca Plc AGM 5f Opposed Agenda item : Re-elect Graham Chipchase as Director. UBS note : Company has received a significant vote against its executive compensation on each of the last 2 occasions that the remuneration has been put to a shareholder vote. 26 Apr 19 AstraZeneca Plc AGM 5g For Agenda item : Re-elect Deborah DiSanzo as Director. 26 Apr 19 AstraZeneca Plc AGM 5h For Agenda item : Re-elect Sheri McCoy as Director. 26 Apr 19 AstraZeneca Plc AGM 5i For Agenda item : Elect Tony Mok as Director. 26 Apr 19 AstraZeneca Plc AGM 5j For Agenda item : Re-elect Nazneen Rahman as Director. 26 Apr 19 AstraZeneca Plc AGM 5k For Agenda item : Re-elect Marcus Wallenberg as Director. 26 Apr 19 AstraZeneca Plc AGM 6 For Agenda item : Approve Remuneration Report. 26 Apr 19 AstraZeneca Plc AGM 7 For Agenda item : Authorise EU Political Donations and Expenditure. 26 Apr 19 AstraZeneca Plc AGM 8 For Agenda item : Authorise Issue of Equity.

113 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 26 Apr 19 AstraZeneca Plc AGM 9 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 26 Apr 19 AstraZeneca Plc AGM 10 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 26 Apr 19 AstraZeneca Plc AGM 11 For Agenda item : Authorise Market Purchase of Ordinary Shares. 26 Apr 19 AstraZeneca Plc AGM 12 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 26 Apr 19 Bayer AG AGM 1 For Agenda item : Receive Financial Statements and Statutory Reports; Approve Allocation of Income and Dividends of EUR 2.80 per Share for Fiscal 2018. 26 Apr 19 Bayer AG AGM 2 Opposed Agenda item : Approve Discharge of Management Board for Fiscal 2018. UBS note : We will vote in favour of the discharge of the board unless there are major concerns with regard to internal control, financial accounts or current investigation against the company and directors. 26 Apr 19 Bayer AG AGM 3 Opposed Agenda item : Approve Discharge of Supervisory Board for Fiscal 2018. UBS note : We will vote in favour of the discharge of the board unless there are major concerns with regard to internal control, financial accounts or current investigation against the company and directors. 26 Apr 19 Bayer AG AGM 4 For Agenda item : Elect Simone Bagel-Trah to the Supervisory Board. 26 Apr 19 Bayer AG AGM 5.1 Opposed Agenda item : Authorise Share Repurchase Program and Reissuance or Cancellation of Repurchased Shares. UBS note : We will vote against bundled proposals for authority to repurchase shares and reissue repurchased shares where the shares are to be held in treasury. This practice is not in shareholders best interest and the requests should be proposed separately. 26 Apr 19 Bayer AG AGM 5.2 For Agenda item : Authorise Use of Financial Derivatives when Repurchasing Shares. 26 Apr 19 Bayer AG AGM 6 For Agenda item : Ratify Deloitte GmbH as Auditors for Fiscal 2019. 26 Apr 19 City Developments Ltd. AGM 1 For Agenda item : Adopt Financial Statements and Directors' and Auditors' Reports. 26 Apr 19 City Developments Ltd. AGM 2 For Agenda item : Approve Final Dividend and Special Dividend.

UBS Asset Management 114 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 26 Apr 19 City Developments Ltd. AGM 3 For Agenda item : Approve Directors' Fees. 26 Apr 19 City Developments Ltd. AGM 4a For Agenda item : Elect Philip Yeo Liat Kok as Director. 26 Apr 19 City Developments Ltd. AGM 4b For Agenda item : Elect Tan Poay Seng as Director. 26 Apr 19 City Developments Ltd. AGM 4c For Agenda item : Elect Lim Yin Nee Jenny as Director. 26 Apr 19 City Developments Ltd. AGM 5 For Agenda item : Approve KPMG LLP as Auditors and Authorise Board to Fix Their Remuneration. 26 Apr 19 City Developments Ltd. AGM 6 Opposed Agenda item : Approve Issuance of Equity or Equity-Linked Securities with or without Pre-emptive Rights. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 26 Apr 19 City Developments Ltd. AGM 7 For Agenda item : Authorise Share Repurchase Program. 26 Apr 19 City Developments Ltd. AGM 8 For Agenda item : Approve Mandate for Interested Person Transactions. 26 Apr 19 ComfortDelGro Corp. Ltd. AGM 1 For Agenda item : Adopt Financial Statements and Directors' and Auditors' Reports. 26 Apr 19 ComfortDelGro Corp. Ltd. AGM 2 For Agenda item : Approve Final Dividend. 26 Apr 19 ComfortDelGro Corp. Ltd. AGM 3 For Agenda item : Approve Directors' Fees. 26 Apr 19 ComfortDelGro Corp. Ltd. AGM 4 Opposed Agenda item : Elect Lim Jit Poh as Director. UBS note : We will not support the election of a non-independent non-executive director who shall serve on the Remuneration Committee when the Committee is not made up of majority of independent directors. 26 Apr 19 ComfortDelGro Corp. Ltd. AGM 5 Opposed Agenda item : Elect Sum Wai Fun, Adeline as Director. UBS note : We expect the Audit Committee Chair to be independent and will not support nominees considered non-independent directors, as well as former executives. 26 Apr 19 ComfortDelGro Corp. Ltd. AGM 6 For Agenda item : Elect Chiang Chie Foo as Director. 26 Apr 19 ComfortDelGro Corp. Ltd. AGM 7 For Agenda item : Elect Ooi Beng Chin as Director. 26 Apr 19 ComfortDelGro Corp. Ltd. AGM 8 For Agenda item : Elect Jessica Cheam as Director.

115 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 26 Apr 19 ComfortDelGro Corp. Ltd. AGM 9 For Agenda item : Approve Deloitte & Touche LLP as Auditors and Authorise Board to Fix Their Remuneration. 26 Apr 19 ComfortDelGro Corp. Ltd. AGM 10 For Agenda item : Approve Issuance of Shares Under the ComfortDelGro Executive Share Award Scheme. 26 Apr 19 ComfortDelGro Corp. Ltd. AGM 11 For Agenda item : Authorise Share Repurchase Program. 26 Apr 19 Continental AG AGM 2 For Agenda item : Approve Allocation of Income and Dividends of EUR 4.75 per Share. 26 Apr 19 Continental AG AGM 3.1 For Agenda item : Approve Discharge of Management Board Member Elmar Degenhart for Fiscal 2018. 26 Apr 19 Continental AG AGM 3.2 For Agenda item : Approve Discharge of Management Board Member Jose Avila for Fiscal 2018. 26 Apr 19 Continental AG AGM 3.3 For Agenda item : Approve Discharge of Management Board Member Hans-Juergen Duensing for Fiscal 2018. 26 Apr 19 Continental AG AGM 3.4 For Agenda item : Approve Discharge of Management Board Member Frank Jourdan for Fiscal 2018. 26 Apr 19 Continental AG AGM 3.5 For Agenda item : Approve Discharge of Management Board Member Helmut Matschi for Fiscal 2018. 26 Apr 19 Continental AG AGM 3.6 For Agenda item : Approve Discharge of Management Board Member Ariane Reinhart for Fiscal 2018. 26 Apr 19 Continental AG AGM 3.7 For Agenda item : Approve Discharge of Management Board Member Wolfgang Schaefer for Fiscal 2018. 26 Apr 19 Continental AG AGM 3.8 For Agenda item : Approve Discharge of Management Board Member Nikolai Setzer for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.1 For Agenda item : Approve Discharge of Supervisory Board Member Wolfgang Reitzle for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.10 For Agenda item : Approve Discharge of Supervisory Board Member Sabine Neuss for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.11 For Agenda item : Approve Discharge of Supervisory Board Member Rolf Nonnenmacher for Fiscal 2018.

UBS Asset Management 116 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 26 Apr 19 Continental AG AGM 4.12 For Agenda item : Approve Discharge of Supervisory Board Member Dirk Nordmann for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.13 For Agenda item : Approve Discharge of Supervisory Board Member Klaus Rosenfeld for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.14 For Agenda item : Approve Discharge of Supervisory Board Member Georg Schaeffler for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.15 For Agenda item : Approve Discharge of Supervisory Board Member Maria-Elisabeth Schaeffler-Thumann for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.16 For Agenda item : Approve Discharge of Supervisory Board Member Joerg Schoenfelder for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.17 For Agenda item : Approve Discharge of Supervisory Board Member Stefan Scholz for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.18 For Agenda item : Approve Discharge of Supervisory Board Member Gudrun Valten for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.19 For Agenda item : Approve Discharge of Supervisory Board Member Kirsten Voerkel for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.2 For Agenda item : Approve Discharge of Supervisory Board Member Christiane Benner for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.20 For Agenda item : Approve Discharge of Supervisory Board Member Elke Volkmann for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.21 For Agenda item : Approve Discharge of Supervisory Board Member Erwin Woerle for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.22 For Agenda item : Approve Discharge of Supervisory Board Member Siegfried Wolf for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.3 For Agenda item : Approve Discharge of Supervisory Board Member Gunter Dunkel for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.4 For Agenda item : Approve Discharge of Supervisory Board Member Francesco Grioli for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.5 For Agenda item : Approve Discharge of Supervisory Board Member Peter

117 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments Gutzmer for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.6 For Agenda item : Approve Discharge of Supervisory Board Member Peter Hausmann for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.7 For Agenda item : Approve Discharge of Supervisory Board Member Michael Iglhaut for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.8 For Agenda item : Approve Discharge of Supervisory Board Member Klaus Mangold for Fiscal 2018. 26 Apr 19 Continental AG AGM 4.9 For Agenda item : Approve Discharge of Supervisory Board Member Hartmut Meine for Fiscal 2018. 26 Apr 19 Continental AG AGM 5 For Agenda item : Ratify KPMG AG as Auditors for Fiscal 2019. 26 Apr 19 Continental AG AGM 6.1 For Agenda item : Elect Gunter Dunkel to the Supervisory Board. 26 Apr 19 Continental AG AGM 6.10 For Agenda item : Elect Siegfried Wolf to the Supervisory Board. 26 Apr 19 Continental AG AGM 6.2 For Agenda item : Elect Satish Khatu to the Supervisory Board. 26 Apr 19 Continental AG AGM 6.3 For Agenda item : Elect Isabel Knauf to the Supervisory Board. 26 Apr 19 Continental AG AGM 6.4 For Agenda item : Elect Sabine Neuss to the Supervisory Board. 26 Apr 19 Continental AG AGM 6.5 For Agenda item : Elect Rolf Nonnenmacher to the Supervisory Board. 26 Apr 19 Continental AG AGM 6.6 For Agenda item : Elect Wolfgang Reitzle to the Supervisory Board. 26 Apr 19 Continental AG AGM 6.7 Opposed Agenda item : Elect Klaus Rosenfeld to the Supervisory Board. UBS note : We will not support the election of non-independent, non-executive directors should the Audit Committee not comprise of 2/3 independent directors. 26 Apr 19 Continental AG AGM 6.8 Opposed Agenda item : Elect Georg Schaeffler to the Supervisory Board. UBS note : We will not support the election of non-independent, non-executive directors should the Audit Committee not comprise of 2/3 independent directors. 26 Apr 19 Continental AG AGM 6.9 Opposed Agenda item : Elect Maria-Elisabeth Schaeffler-Thumann to the Supervisory Board. UBS note : We will vote against any director who attended less than 75% of the Board meetings for the second consecutive year and without valid

UBS Asset Management 118 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments justification. 26 Apr 19 GEA Group AG AGM 2 For Agenda item : Approve Allocation of Income and Dividends of EUR 0.85 per Share. 26 Apr 19 GEA Group AG AGM 3 For Agenda item : Approve Discharge of Management Board for Fiscal 2018. 26 Apr 19 GEA Group AG AGM 4 For Agenda item : Approve Discharge of Supervisory Board for Fiscal 2018. 26 Apr 19 GEA Group AG AGM 5 For Agenda item : Ratify KPMG AG as Auditors for Fiscal 2019. 26 Apr 19 GEA Group AG AGM 6 For Agenda item : Elect Colin Hall to the Supervisory Board. 26 Apr 19 GEA Group AG AGM 7 For Agenda item : Approve Remuneration of Supervisory Board. 26 Apr 19 GEA Group AG AGM 8 Opposed Agenda item : Approve Remuneration System for Management Board Members. UBS note : Yearly pension contribution rates exceed 30% of salary and are considered excessive. 26 Apr 19 GEA Group AG AGM 9 Abstain Agenda item : Voting Instructions for Motions or Nominations by Shareholders that are not Made Accessible Before the AGM and that are Made or Amended in the Course of the AGM. 26 Apr 19 GrandVision NV AGM 2.c For Agenda item : Adopt Financial Statements and Statutory Reports. 26 Apr 19 GrandVision NV AGM 3.b For Agenda item : Approve Dividends of EUR 0.33 Per Share. 26 Apr 19 GrandVision NV AGM 4.a For Agenda item : Approve Discharge of Management Board. 26 Apr 19 GrandVision NV AGM 4.b For Agenda item : Approve Discharge of Supervisory Board. 26 Apr 19 GrandVision NV AGM 5 For Agenda item : Re-elect M. F. Groot to Supervisory Board. 26 Apr 19 GrandVision NV AGM 6 For Agenda item : Elect R. Meijerman to Supervisory Board. 26 Apr 19 GrandVision NV AGM 7 For Agenda item : Approve Remuneration of Supervisory Board. 26 Apr 19 GrandVision NV AGM 8 For Agenda item : Ratify PricewaterhouseCoopers as Auditors. 26 Apr 19 GrandVision NV AGM 9.a For Agenda item : Grant Board Authority to Issue Shares up to 10 Percent of Issued Capital. 26 Apr 19 GrandVision NV AGM 9.b For Agenda item : Authorise Board to Exclude Pre-emptive Rights from Share Issuances. 26 Apr 19 GrandVision NV AGM 10 For Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital.

119 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 26 Apr 19 Greencoat UK Wind Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 26 Apr 19 Greencoat UK Wind Plc AGM 2 For Agenda item : Approve Remuneration Report. 26 Apr 19 Greencoat UK Wind Plc AGM 3 For Agenda item : Approve Dividend Policy. 26 Apr 19 Greencoat UK Wind Plc AGM 4 For Agenda item : Reappoint BDO LLP as Auditors. 26 Apr 19 Greencoat UK Wind Plc AGM 5 For Agenda item : Authorise Board to Fix Remuneration of Auditors. 26 Apr 19 Greencoat UK Wind Plc AGM 6 For Agenda item : Re-elect Tim Ingram as Director. 26 Apr 19 Greencoat UK Wind Plc AGM 7 For Agenda item : Re-elect William Rickett as Director. 26 Apr 19 Greencoat UK Wind Plc AGM 8 For Agenda item : Re-elect Shonaid Jemmett-Page as Director. 26 Apr 19 Greencoat UK Wind Plc AGM 9 For Agenda item : Re-elect Dan Badger as Director. 26 Apr 19 Greencoat UK Wind Plc AGM 10 For Agenda item : Re-elect Martin McAdam as Director. 26 Apr 19 Greencoat UK Wind Plc AGM 11 For Agenda item : Approve Increase in Directors' Aggregate Remuneration. 26 Apr 19 Greencoat UK Wind Plc AGM 12 For Agenda item : Authorise Issue of Equity. 26 Apr 19 Greencoat UK Wind Plc AGM 13 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 26 Apr 19 Greencoat UK Wind Plc AGM 14 For Agenda item : Authorise Market Purchase of Ordinary Shares. 26 Apr 19 HCA Healthcare, Inc. AGM 1a For Agenda item : Elect Director Thomas F. Frist, III. 26 Apr 19 HCA Healthcare, Inc. AGM 1b For Agenda item : Elect Director Samuel N. Hazen. 26 Apr 19 HCA Healthcare, Inc. AGM 1c For Agenda item : Elect Director Meg G. Crofton. 26 Apr 19 HCA Healthcare, Inc. AGM 1d Opposed Agenda item : Elect Director Robert J. Dennis. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 26 Apr 19 HCA Healthcare, Inc. AGM 1e Opposed Agenda item : Elect Director Nancy-Ann DeParle. UBS note : We will not support the election of the Chair of the Nomination Committee where the gender balance on the Board is not considered to be in line with our expectation for this market. 26 Apr 19 HCA Healthcare, Inc. AGM 1f For Agenda item : Elect Director William R. Frist. 26 Apr 19 HCA Healthcare, Inc. AGM 1g For Agenda item : Elect Director Charles O. Holliday, Jr. 26 Apr 19 HCA Healthcare, Inc. AGM 1h For Agenda item : Elect Director Geoffrey G. Meyers. 26 Apr 19 HCA Healthcare, Inc. AGM 1i For Agenda item : Elect Director Michael W. Michelson.

UBS Asset Management 120 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 26 Apr 19 HCA Healthcare, Inc. AGM 1j For Agenda item : Elect Director Wayne J. Riley. 26 Apr 19 HCA Healthcare, Inc. AGM 1k For Agenda item : Elect Director John W. Rowe. 26 Apr 19 HCA Healthcare, Inc. AGM 2 Opposed Agenda item : Ratify Ernst & Young LLP as Auditors. UBS note : The tenure of auditor used by the company exceeds 20 years. 26 Apr 19 HCA Healthcare, Inc. AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : The proposed Plan does not provide a sufficiently strong link between awards and company and/or executive performance. 26 Apr 19 HCA Healthcare, Inc. AGM 4 For Agenda item : Eliminate Supermajority Vote Requirement. 26 Apr 19 Husky Energy, Inc. AGM 1.1 Withhold Agenda item : Elect Director Victor T.K. Li. UBS note : We will not support the election of non-independent non-executive directors when less than 1/3 of the Board is independent. 26 Apr 19 Husky Energy, Inc. AGM 1.10 For Agenda item : Elect Director George C. Magnus. 26 Apr 19 Husky Energy, Inc. AGM 1.11 Withhold Agenda item : Elect Director Neil D. McGee. UBS note : We will not support the election of non-independent non-executive directors when less than 1/3 of the Board is independent. 26 Apr 19 Husky Energy, Inc. AGM 1.12 For Agenda item : Elect Director Robert J. Peabody. 26 Apr 19 Husky Energy, Inc. AGM 1.13 For Agenda item : Elect Director Colin S. Russel. 26 Apr 19 Husky Energy, Inc. AGM 1.14 Withhold Agenda item : Elect Director Wayne E. Shaw. UBS note : We will not support the election of non-independent non-executive directors when less than 1/3 of the Board is independent. 26 Apr 19 Husky Energy, Inc. AGM 1.15 Withhold Agenda item : Elect Director William Shurniak. UBS note : We will not support the election of non-independent non-executive directors when less than 1/3 of the Board is independent. 26 Apr 19 Husky Energy, Inc. AGM 1.16 Withhold Agenda item : Elect Director Frank J. Sixt. UBS note : We will not support the election of non-independent non-executive directors when less than 1/3 of the Board is independent. 26 Apr 19 Husky Energy, Inc. AGM 1.2 Withhold Agenda item : Elect Director Canning K.N. Fok. UBS note : We will not support the election of non-independent

121 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments non-executive directors when less than 1/3 of the Board is independent. 26 Apr 19 Husky Energy, Inc. AGM 1.3 For Agenda item : Elect Director Stephen E. Bradley. 26 Apr 19 Husky Energy, Inc. AGM 1.4 Withhold Agenda item : Elect Director Asim Ghosh. UBS note : We will not support the election of non-independent non-executive directors when less than 1/3 of the Board is independent. 26 Apr 19 Husky Energy, Inc. AGM 1.5 Withhold Agenda item : Elect Director Martin J.G. Glynn. UBS note : We will not support the election of non-independent non-executive directors when less than 1/3 of the Board is independent. 26 Apr 19 Husky Energy, Inc. AGM 1.6 Withhold Agenda item : Elect Director Poh Chan Koh. UBS note : We will not support the election of non-independent non-executive directors when less than 1/3 of the Board is independent. 26 Apr 19 Husky Energy, Inc. AGM 1.7 Withhold Agenda item : Elect Director Eva Lee Kwok. UBS note : We will not support the election of non-independent non-executive directors when less than 1/3 of the Board is independent. 26 Apr 19 Husky Energy, Inc. AGM 1.8 Withhold Agenda item : Elect Director Stanley T.L. Kwok. UBS note : We will not support the election of non-independent non-executive directors when less than 1/3 of the Board is independent. 26 Apr 19 Husky Energy, Inc. AGM 1.9 For Agenda item : Elect Director Frederick S.H. Ma. 26 Apr 19 Husky Energy, Inc. AGM 2 Withhold Agenda item : Ratify KPMG LLP as Auditors. UBS note : The tenure of auditor used by the company exceeds 20 years. 26 Apr 19 Hutchison Port Holdings Trust AGM 1 For Agenda item : Adopt Trustee's Report, Statement by the Manager, Audited Financial Statements and Auditors' Report. 26 Apr 19 Hutchison Port Holdings Trust AGM 2 For Agenda item : Approve PricewaterhouseCoopers LLP as Auditors and Authorise Directors of Trustee Manager to Fix Their Remuneration. 26 Apr 19 Hutchison Port Holdings Trust AGM 3 Opposed Agenda item : Approve Issuance of Equity or Equity-Linked Securities with or without Pre-emptive Rights. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing

UBS Asset Management 122 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments shareholders. 26 Apr 19 Imperial Oil Ltd. AGM 1 Withhold Agenda item : Ratify PricewaterhouseCoopers LLP as Auditors. UBS note : The tenure of auditor used by the company exceeds 20 years. 26 Apr 19 Imperial Oil Ltd. AGM 2.1 Withhold Agenda item : Elect Director D.C. (David) Brownell. UBS note : We will not support the election of an Executive Director being elected to serve on the Compensation/Remuneration Committee. 26 Apr 19 Imperial Oil Ltd. AGM 2.2 For Agenda item : Elect Director D.W. (David) Cornhill. 26 Apr 19 Imperial Oil Ltd. AGM 2.3 For Agenda item : Elect Director K.T. (Krystyna) Hoeg. 26 Apr 19 Imperial Oil Ltd. AGM 2.4 For Agenda item : Elect Director M.C. (Miranda) Hubbs. 26 Apr 19 Imperial Oil Ltd. AGM 2.5 Withhold Agenda item : Elect Director R.M. (Richard) Kruger. UBS note : We believe there should be an appropriate counterbalance when the positions of CEO and Chair are combined. 26 Apr 19 Imperial Oil Ltd. AGM 2.6 For Agenda item : Elect Director J.M. (Jack) Mintz. 26 Apr 19 Imperial Oil Ltd. AGM 2.7 For Agenda item : Elect Director D.S. (David) Sutherland. 26 Apr 19 Imperial Oil Ltd. AGM 3 For Agenda item : Advisory Vote on Executive Officers' Compensation. UBS note : We believe that shareholders should be granted a yearly vote on executive remuneration. 26 Apr 19 Incyte Corporation AGM 1.1 Opposed Agenda item : Elect Director Julian C. Baker. UBS note : We will not support the election of a non-independent non-executive director who shall serve on the Remuneration Committee when the Committee is not made up of majority of independent directors. 26 Apr 19 Incyte Corporation AGM 1.2 For Agenda item : Elect Director Jean-Jacques Bienaime. 26 Apr 19 Incyte Corporation AGM 1.3 Opposed Agenda item : Elect Director Paul A. Brooke. UBS note : We will not support the election of a non-independent non-executive director who shall serve on the Remuneration Committee when the Committee is not made up of majority of independent directors. 26 Apr 19 Incyte Corporation AGM 1.4 Opposed Agenda item : Elect Director Paul J. Clancy. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time

123 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments to the role. 26 Apr 19 Incyte Corporation AGM 1.5 Opposed Agenda item : Elect Director Wendy L. Dixon. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 26 Apr 19 Incyte Corporation AGM 1.6 Opposed Agenda item : Elect Director Jacqualyn A. Fouse. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 26 Apr 19 Incyte Corporation AGM 1.7 Opposed Agenda item : Elect Director Paul A. Friedman. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 26 Apr 19 Incyte Corporation AGM 1.8 Opposed Agenda item : Elect Director Herve Hoppenot. UBS note : We believe there should be an appropriate counterbalance when the positions of CEO and Chair are combined. 26 Apr 19 Incyte Corporation AGM 2 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 26 Apr 19 Incyte Corporation AGM 3 For Agenda item : Amend Omnibus Stock Plan. 26 Apr 19 Incyte Corporation AGM 4 Opposed Agenda item : Ratify Ernst & Young LLP as Auditors. UBS note : The tenure of auditor used by the company exceeds 20 years. 26 Apr 19 Incyte Corporation AGM 5 For Agenda item : Require Independent Board Chairman. UBS note : We normally support proposals to separate the positions of Chairman and CEO. 26 Apr 19 Jardine Cycle & Carriage Ltd. AGM 1 For Agenda item : Adopt Financial Statements and Directors' and Auditors' Reports. 26 Apr 19 Jardine Cycle & Carriage Ltd. AGM 2 For Agenda item : Approve Final Dividend.

UBS Asset Management 124 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 26 Apr 19 Jardine Cycle & Carriage Ltd. AGM 3 For Agenda item : Approve Directors' Fees. 26 Apr 19 Jardine Cycle & Carriage Ltd. AGM 4a Opposed Agenda item : Elect Hassan Abas as Director. UBS note : We will not support the election of non-independent, non-executive directors should the Audit Committee not comprise of 2/3 independent directors. 26 Apr 19 Jardine Cycle & Carriage Ltd. AGM 4b Opposed Agenda item : Elect Benjamin Keswick as Director. UBS note : We will not support the election of a non-independent non-executive director who shall serve on the Remuneration Committee when the Committee is not made up of majority of independent directors. 26 Apr 19 Jardine Cycle & Carriage Ltd. AGM 4c For Agenda item : Elect Marty Natalegawa as Director. 26 Apr 19 Jardine Cycle & Carriage Ltd. AGM 5a For Agenda item : Elect Stephen Gore as Director. 26 Apr 19 Jardine Cycle & Carriage Ltd. AGM 5b For Agenda item : Elect Steven Phan (Phan Swee Kim) as Director. 26 Apr 19 Jardine Cycle & Carriage Ltd. AGM 6 For Agenda item : Approve PricewaterhouseCoopers LLP as Auditors and Authorise Board to Fix Their Remuneration. 26 Apr 19 Jardine Cycle & Carriage Ltd. AGM 7a Opposed Agenda item : Approve Issuance of Equity or Equity-Linked Securities with or without Pre-emptive Rights. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 26 Apr 19 Jardine Cycle & Carriage Ltd. AGM 7b For Agenda item : Authorise Share Repurchase Program. 26 Apr 19 Jardine Cycle & Carriage Ltd. AGM 7c For Agenda item : Approve Mandate for Interested Person Transactions. 26 Apr 19 Kellogg Company AGM 1a For Agenda item : Elect Director Roderick D. "Rod" Gillum. 26 Apr 19 Kellogg Company AGM 1b For Agenda item : Elect Director Mary Laschinger. 26 Apr 19 Kellogg Company AGM 1c For Agenda item : Elect Director Erica Mann. 26 Apr 19 Kellogg Company AGM 1d For Agenda item : Elect Director Carolyn Tastad. 26 Apr 19 Kellogg Company AGM 2 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 26 Apr 19 Kellogg Company AGM 3 For Agenda item : Ratify PricewaterhouseCoopers LLP as Auditors.

125 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 26 Apr 19 Kellogg Company AGM 4 For Agenda item : Declassify the Board of Directors. 26 Apr 19 Merck KGaA AGM 2 For Agenda item : Accept Financial Statements and Statutory Reports for Fiscal 2018. 26 Apr 19 Merck KGaA AGM 3 For Agenda item : Approve Allocation of Income and Dividends of EUR 1.25 per Share. 26 Apr 19 Merck KGaA AGM 4 For Agenda item : Approve Discharge of Management Board for Fiscal 2018. 26 Apr 19 Merck KGaA AGM 5 For Agenda item : Approve Discharge of Supervisory Board for Fiscal 2018. 26 Apr 19 Merck KGaA AGM 6 For Agenda item : Ratify KPMG AG as Auditors for Fiscal 2019. 26 Apr 19 Merck KGaA AGM 7.1 For Agenda item : Elect Wolfgang Buechele to the Supervisory Board. 26 Apr 19 Merck KGaA AGM 7.2 For Agenda item : Elect Michael Kleinemeier to the Supervisory Board. 26 Apr 19 Merck KGaA AGM 7.3 For Agenda item : Elect Renate Koehler to the Supervisory Board. 26 Apr 19 Merck KGaA AGM 7.4 For Agenda item : Elect Helene von Roeder to the Supervisory Board. 26 Apr 19 Merck KGaA AGM 7.5 For Agenda item : Elect Helga Ruebsamen-Schaeff to the Supervisory Board. 26 Apr 19 Merck KGaA AGM 7.6 For Agenda item : Elect Daniel Thelen to the Supervisory Board. 26 Apr 19 NagaCorp Ltd. AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 26 Apr 19 NagaCorp Ltd. AGM 2 For Agenda item : Approve Final Dividend. 26 Apr 19 NagaCorp Ltd. AGM 3.1 Opposed Agenda item : Elect Chen Lip Keong as Director. UBS note : We will not support the election of an Executive Director being elected to serve on the Compensation/Remuneration Committee. 26 Apr 19 NagaCorp Ltd. AGM 3.2 For Agenda item : Elect Chen Yiy Fon as Director. 26 Apr 19 NagaCorp Ltd. AGM 3.3 For Agenda item : Elect Michael Lai Kai Jin as Director. 26 Apr 19 NagaCorp Ltd. AGM 3.4 For Agenda item : Elect Leong Choong Wah as Director. 26 Apr 19 NagaCorp Ltd. AGM 4 For Agenda item : Authorise Board to Fix Remuneration of Directors. 26 Apr 19 NagaCorp Ltd. AGM 5 For Agenda item : Approve BDO Limited as Auditors and Authorise Board to Fix Their Remuneration. 26 Apr 19 NagaCorp Ltd. AGM 6A Opposed Agenda item : Approve Issuance of Equity or Equity-Linked Securities without Pre-emptive Rights. UBS note : We will not support routine authorities to issue shares without pre-emption rights exceeding 10% of the issued share capital as this is

UBS Asset Management 126 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments potentially overly dilutive for existing shareholders. 26 Apr 19 NagaCorp Ltd. AGM 6B For Agenda item : Authorise Repurchase of Issued Share Capital. 26 Apr 19 NagaCorp Ltd. AGM 6C Opposed Agenda item : Authorise Reissuance of Repurchased Shares. UBS note : We will not support routine authorities to issue shares without pre-emption rights exceeding 10% of the issued share capital as this is potentially overly dilutive for existing shareholders. 26 Apr 19 Park Hotels & Resorts, Inc. AGM 1A For Agenda item : Elect Director Thomas J. Baltimore, Jr. 26 Apr 19 Park Hotels & Resorts, Inc. AGM 1B For Agenda item : Elect Director Gordon M. Bethune. 26 Apr 19 Park Hotels & Resorts, Inc. AGM 1C For Agenda item : Elect Director Patricia M. Bedient. 26 Apr 19 Park Hotels & Resorts, Inc. AGM 1D For Agenda item : Elect Director Geoffrey M. Garrett. 26 Apr 19 Park Hotels & Resorts, Inc. AGM 1E For Agenda item : Elect Director Christie B. Kelly. 26 Apr 19 Park Hotels & Resorts, Inc. AGM 1F For Agenda item : Elect Director Joseph I. Lieberman. 26 Apr 19 Park Hotels & Resorts, Inc. AGM 1G Opposed Agenda item : Elect Director Timothy J. Naughton. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 26 Apr 19 Park Hotels & Resorts, Inc. AGM 1H For Agenda item : Elect Director Stephen I. Sadove. 26 Apr 19 Park Hotels & Resorts, Inc. AGM 2A For Agenda item : Reduce Supermajority Vote Requirement. 26 Apr 19 Park Hotels & Resorts, Inc. AGM 2B For Agenda item : Amend Stock Ownership Limitations. 26 Apr 19 Park Hotels & Resorts, Inc. AGM 2C For Agenda item : Reduce Ownership Threshold for Shareholders to Call Special Meeting. 26 Apr 19 Park Hotels & Resorts, Inc. AGM 2D For Agenda item : Opt Out of Section 203 of the DGCL. 26 Apr 19 Park Hotels & Resorts, Inc. AGM 2E For Agenda item : Amend Charter. 26 Apr 19 Park Hotels & Resorts, Inc. AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 26 Apr 19 Park Hotels & Resorts, Inc. AGM 4 For Agenda item : Ratify Ernst & Young LLP as Auditor. 26 Apr 19 Pearson Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports.

127 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 26 Apr 19 Pearson Plc AGM 2 For Agenda item : Approve Final Dividend. 26 Apr 19 Pearson Plc AGM 3 For Agenda item : Re-elect Elizabeth Corley as Director. 26 Apr 19 Pearson Plc AGM 4 For Agenda item : Re-elect Vivienne Cox as Director. 26 Apr 19 Pearson Plc AGM 5 For Agenda item : Re-elect John Fallon as Director. 26 Apr 19 Pearson Plc AGM 6 For Agenda item : Re-elect Josh Lewis as Director. 26 Apr 19 Pearson Plc AGM 7 For Agenda item : Re-elect Linda Lorimer as Director. 26 Apr 19 Pearson Plc AGM 8 For Agenda item : Re-elect Michael Lynton as Director. 26 Apr 19 Pearson Plc AGM 9 For Agenda item : Re-elect Tim Score as Director. 26 Apr 19 Pearson Plc AGM 10 For Agenda item : Re-elect Sidney Taurel as Director. 26 Apr 19 Pearson Plc AGM 11 For Agenda item : Re-elect Lincoln Wallen as Director. 26 Apr 19 Pearson Plc AGM 12 For Agenda item : Re-elect Coram Williams as Director. 26 Apr 19 Pearson Plc AGM 13 For Agenda item : Approve Remuneration Report. 26 Apr 19 Pearson Plc AGM 14 Opposed Agenda item : Reappoint PricewaterhouseCoopers LLP as Auditors. UBS note : The tenure of auditor used by the company exceeds 20 years. 26 Apr 19 Pearson Plc AGM 15 For Agenda item : Authorise the Audit Committee to Fix Remuneration of Auditors. 26 Apr 19 Pearson Plc AGM 16 For Agenda item : Authorise Issue of Equity. 26 Apr 19 Pearson Plc AGM 17 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 26 Apr 19 Pearson Plc AGM 18 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 26 Apr 19 Pearson Plc AGM 19 For Agenda item : Authorise Market Purchase of Ordinary Shares. 26 Apr 19 Pearson Plc AGM 20 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 26 Apr 19 Perrigo Company plc AGM 1.1 For Agenda item : Elect Director Bradley A. Alford. 26 Apr 19 Perrigo Company plc AGM 1.10 For Agenda item : Elect Director Jeffrey C. Smith. 26 Apr 19 Perrigo Company plc AGM 1.2 For Agenda item : Elect Director Rolf A. Classon. 26 Apr 19 Perrigo Company plc AGM 1.3 For Agenda item : Elect Director Adriana Karaboutis. 26 Apr 19 Perrigo Company plc AGM 1.4 For Agenda item : Elect Director Murray S. Kessler. 26 Apr 19 Perrigo Company plc AGM 1.5 Opposed Agenda item : Elect Director Jeffrey B. Kindler.

UBS Asset Management 128 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 26 Apr 19 Perrigo Company plc AGM 1.6 For Agenda item : Elect Director Erica L. Mann. 26 Apr 19 Perrigo Company plc AGM 1.7 For Agenda item : Elect Director Donal O'Connor. 26 Apr 19 Perrigo Company plc AGM 1.8 For Agenda item : Elect Director Geoffrey M. Parker. 26 Apr 19 Perrigo Company plc AGM 1.9 For Agenda item : Elect Director Theodore R. Samuels. 26 Apr 19 Perrigo Company plc AGM 2 For Agenda item : Approve Ernst & Young LLP as Auditors and Authorise Board to Fix Their Remuneration. 26 Apr 19 Perrigo Company plc AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : The proposed Plan does not provide a sufficiently strong link between awards and company and/or executive performance. 26 Apr 19 Perrigo Company plc AGM 4 For Agenda item : Amend Omnibus Stock Plan. 26 Apr 19 Perrigo Company plc AGM 5 For Agenda item : Approve Creation of Distributable Reserves. 26 Apr 19 Perrigo Company plc AGM 6 For Agenda item : Authorise Issue of Equity. 26 Apr 19 Perrigo Company plc AGM 7 For Agenda item : Authorise Issuance of Equity without Pre-emptive Rights. 26 Apr 19 RTL Group SA AGM 2.1 Do Not Vote Agenda item : Approve Financial Statements. 26 Apr 19 RTL Group SA AGM 2.2 Do Not Vote Agenda item : Approve Consolidated Financial Statements. 26 Apr 19 RTL Group SA AGM 3 Do Not Vote Agenda item : Approve Allocation of Income and Dividends of EUR 3.00 per Share. 26 Apr 19 RTL Group SA AGM 4.1 Do Not Vote Agenda item : Approve Discharge of Directors. 26 Apr 19 RTL Group SA AGM 4.2 Do Not Vote Agenda item : Approve Discharge of Auditors. 26 Apr 19 RTL Group SA AGM 4.3 Do Not Vote Agenda item : Approve Remuneration of Directors. 26 Apr 19 RTL Group SA AGM 5.1 Do Not Vote Agenda item : Elect Immanuel Hermreck as Director. 26 Apr 19 RTL Group SA AGM 5.2 Do Not Vote Agenda item : Renew Appointment of PricewaterhouseCoopers as Auditor. 26 Apr 19 RTL Group SA AGM 6 Do Not Vote Agenda item : Approve Share Repurchase. 26 Apr 19 Rotork Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 26 Apr 19 Rotork Plc AGM 2 For Agenda item : Approve Final Dividend.

129 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 26 Apr 19 Rotork Plc AGM 3 For Agenda item : Re-elect Jonathan Davis as Director. 26 Apr 19 Rotork Plc AGM 4 For Agenda item : Re-elect Sally James as Director. 26 Apr 19 Rotork Plc AGM 5 For Agenda item : Re-elect Martin Lamb as Director. 26 Apr 19 Rotork Plc AGM 6 For Agenda item : Re-elect Lucinda Bell as Director. 26 Apr 19 Rotork Plc AGM 7 For Agenda item : Re-elect Kevin Hostetler as Director. 26 Apr 19 Rotork Plc AGM 8 For Agenda item : Re-elect Peter Dilnot as Director. 26 Apr 19 Rotork Plc AGM 9 For Agenda item : Elect Ann Andersen as Director. 26 Apr 19 Rotork Plc AGM 10 Opposed Agenda item : Elect Tim Cobbold as Director. UBS note : Company has received a significant vote against its executive compensation on each of the last 2 occasions that the remuneration has been put to a shareholder vote. 26 Apr 19 Rotork Plc AGM 11 For Agenda item : Reappoint Deloitte LLP as Auditors. 26 Apr 19 Rotork Plc AGM 12 For Agenda item : Authorise the Audit Committee to Fix Remuneration of Auditors. 26 Apr 19 Rotork Plc AGM 13 For Agenda item : Approve Remuneration Report. 26 Apr 19 Rotork Plc AGM 14 For Agenda item : Authorise Issue of Equity. 26 Apr 19 Rotork Plc AGM 15 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 26 Apr 19 Rotork Plc AGM 16 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 26 Apr 19 Rotork Plc AGM 17 For Agenda item : Authorise Market Purchase of Ordinary Shares. 26 Apr 19 Rotork Plc AGM 18 For Agenda item : Authorise Market Purchase of Preference Shares. 26 Apr 19 Rotork Plc AGM 19 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 26 Apr 19 Rotork Plc AGM 20 For Agenda item : Approve Long Term Incentive Plan. 26 Apr 19 Rotork Plc AGM 21 For Agenda item : Authorise Board to Grant Awards under the Long Term Incentive Plan. 26 Apr 19 SCOR SE Annual/Special 1 For Agenda item : Approve Financial Statements and Statutory Reports. 26 Apr 19 SCOR SE Annual/Special 2 For Agenda item : Approve Allocation of Income and Dividends of EUR 1.75 per Share.

UBS Asset Management 130 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 26 Apr 19 SCOR SE Annual/Special 3 For Agenda item : Approve Consolidated Financial Statements and Statutory Reports. 26 Apr 19 SCOR SE Annual/Special 4 Opposed Agenda item : Approve Compensation of Denis Kessler, Chairman and CEO. UBS note : We will vote against when the level of disclosure provided does not allow shareholders to make an informed assessment of executive remuneration granted during the year. 26 Apr 19 SCOR SE Annual/Special 5 For Agenda item : Approve Remuneration Policy of Denis Kessler, Chairman and CEO. 26 Apr 19 SCOR SE Annual/Special 6 For Agenda item : Re-elect Jean-Marc Raby as Director. 26 Apr 19 SCOR SE Annual/Special 7 For Agenda item : Re-elect Augustin de Romanet as Director. 26 Apr 19 SCOR SE Annual/Special 8 For Agenda item : Re-elect Kory Sorenson as Director. 26 Apr 19 SCOR SE Annual/Special 9 For Agenda item : Re-elect Fields Wicker-Miurin as Director. 26 Apr 19 SCOR SE Annual/Special 10 For Agenda item : Elect Fabrice Bregier as Director. 26 Apr 19 SCOR SE Annual/Special 11 For Agenda item : Approve Remuneration of Directors in the Aggregate Amount of EUR 1,550,000. 26 Apr 19 SCOR SE Annual/Special 12 For Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital. 26 Apr 19 SCOR SE Annual/Special 13 For Agenda item : Authorise Capitalization of Reserves of Up to EUR 200 Million for Bonus Issue or Increase in Par Value. 26 Apr 19 SCOR SE Annual/Special 14 Opposed Agenda item : Authorise Issuance of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of EUR 608,372,568. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 26 Apr 19 SCOR SE Annual/Special 15 For Agenda item : Authorise Issuance of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of EUR 152,093,142. 26 Apr 19 SCOR SE Annual/Special 16 For Agenda item : Approve Issuance of Equity or Equity-Linked Securities for up to 10 Percent of Issued Capital for Private Placements.

131 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 26 Apr 19 SCOR SE Annual/Special 17 For Agenda item : Authorise Capital Increase of Up to EUR 152,093,142 Million for Future Exchange Offers. 26 Apr 19 SCOR SE Annual/Special 18 For Agenda item : Authorise Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind. 26 Apr 19 SCOR SE Annual/Special 19 Opposed Agenda item : Authorise Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Under Items 14-16. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 26 Apr 19 SCOR SE Annual/Special 20 For Agenda item : Authorise Issuance of Warrants (Bons 2019 Contingents) without Pre-emptive Rights Reserved for a Category of Persons up to Aggregate Nominal Amount of EUR 300 Million Re: Contingent Capital. 26 Apr 19 SCOR SE Annual/Special 21 For Agenda item : Authorise Issuance of Warrants (AOF 2019) without Pre-emptive Rights Reserved for a Category of Persons up to Aggregate Nominal Amount of EUR 300 Million Re: Ancillary Own-Fund. 26 Apr 19 SCOR SE Annual/Special 22 For Agenda item : Authorise Decrease in Share Capital via Cancellation of Repurchased Shares. 26 Apr 19 SCOR SE Annual/Special 23 For Agenda item : Authorise up to 1.5 Million Shares for Use in Stock Option Plans. 26 Apr 19 SCOR SE Annual/Special 24 For Agenda item : Authorise Issuance of up to 3 Million Shares for Use in Restricted Stock Plans. 26 Apr 19 SCOR SE Annual/Special 25 For Agenda item : Authorise Capital Issuances for Use in Employee Stock Purchase Plans. 26 Apr 19 SCOR SE Annual/Special 26 Opposed Agenda item : Set Total Limit for Capital Increase to Result from All Issuance Requests at EUR 795,912,085. UBS note : We support routine authorities to issue shares with pre-emption rights of up to 1/3 of the issued share capital combined, a maximum 10% of

UBS Asset Management 132 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments which can be without pre-emption rights. We will vote against any proposals above these limits as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 26 Apr 19 SCOR SE Annual/Special 27 For Agenda item : Amend Article 10 of Bylaws Re: Number of Directors (from 12 to 8) and Employee Representative. 26 Apr 19 SCOR SE Annual/Special 28 For Agenda item : Authorise Filing of Required Documents/Other Formalities. 26 Apr 19 SCOR SE Annual/Special A Opposed Agenda item : Dismiss Denis Kessler as Director. 26 Apr 19 Senior Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 26 Apr 19 Senior Plc AGM 2 For Agenda item : Approve Remuneration Report. 26 Apr 19 Senior Plc AGM 3 For Agenda item : Approve Final Dividend. 26 Apr 19 Senior Plc AGM 4 For Agenda item : Elect Rajiv Sharma as Director. 26 Apr 19 Senior Plc AGM 5 For Agenda item : Re-elect Bindi Foyle as Director. 26 Apr 19 Senior Plc AGM 6 For Agenda item : Re-elect Ian King as Director. 26 Apr 19 Senior Plc AGM 7 For Agenda item : Re-elect Celia Baxter as Director. 26 Apr 19 Senior Plc AGM 8 For Agenda item : Re-elect Susan Brennan as Director. 26 Apr 19 Senior Plc AGM 9 For Agenda item : Re-elect Giles Kerr as Director. 26 Apr 19 Senior Plc AGM 10 For Agenda item : Re-elect David Squires as Director. 26 Apr 19 Senior Plc AGM 11 For Agenda item : Re-elect Mark Vernon as Director. 26 Apr 19 Senior Plc AGM 12 For Agenda item : Reappoint KPMG LLP as Auditors. 26 Apr 19 Senior Plc AGM 13 For Agenda item : Authorise Board to Fix Remuneration of Auditors. 26 Apr 19 Senior Plc AGM 14 For Agenda item : Authorise Issue of Equity. 26 Apr 19 Senior Plc AGM 15 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 26 Apr 19 Senior Plc AGM 16 For Agenda item : Authorise Market Purchase of Ordinary Shares. 26 Apr 19 Senior Plc AGM 17 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 26 Apr 19 United Overseas Bank Limited (Singapore) AGM 1 For Agenda item : Adopt Financial Statements and Directors' and Auditors' Reports. 26 Apr 19 United Overseas Bank Limited (Singapore) AGM 2 For Agenda item : Approve Final and Special Dividend. 26 Apr 19 United Overseas Bank Limited (Singapore) AGM 3 For Agenda item : Approve Directors' Fees.

133 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 26 Apr 19 United Overseas Bank Limited (Singapore) AGM 4 For Agenda item : Approve Advisory Fee to Wee Cho Yaw, the Chairman Emeritus and Adviser. 26 Apr 19 United Overseas Bank Limited (Singapore) AGM 5 For Agenda item : Approve Ernst & Young LLP as Auditors and Authorise Directors to Fix Their Remuneration. 26 Apr 19 United Overseas Bank Limited (Singapore) AGM 6 For Agenda item : Elect James Koh Cher Siang as Director. 26 Apr 19 United Overseas Bank Limited (Singapore) AGM 7 For Agenda item : Elect Ong Yew Huat as Director. 26 Apr 19 United Overseas Bank Limited (Singapore) AGM 8 Opposed Agenda item : Elect Wee Ee Lim as Director. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 26 Apr 19 United Overseas Bank Limited (Singapore) AGM 9 Opposed Agenda item : Approve Issuance of Equity or Equity-Linked Securities with or without Pre-emptive Rights. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 26 Apr 19 United Overseas Bank Limited (Singapore) AGM 10 For Agenda item : Approve Issuance of Shares Pursuant to the UOB Scrip Dividend Scheme. 26 Apr 19 United Overseas Bank Limited (Singapore) AGM 11 For Agenda item : Authorise Share Repurchase Program. 27 Apr 19 Cincinnati Financial Corporation AGM 1.1 Opposed Agenda item : Elect Director William F. Bahl. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 27 Apr 19 Cincinnati Financial Corporation AGM 1.10 Opposed Agenda item : Elect Director Thomas R. Schiff. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 27 Apr 19 Cincinnati Financial Corporation AGM 1.11 Opposed Agenda item : Elect Director Douglas S. Skidmore. UBS note : We will not support the election of non-independent

UBS Asset Management 134 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments non-executive directors when when less than 50% of the Board is independent. 27 Apr 19 Cincinnati Financial Corporation AGM 1.12 Opposed Agenda item : Elect Director Kenneth W. Stecher. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 27 Apr 19 Cincinnati Financial Corporation AGM 1.13 Opposed Agenda item : Elect Director John F. Steele, Jr. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 27 Apr 19 Cincinnati Financial Corporation AGM 1.14 Opposed Agenda item : Elect Director Larry R. Webb. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 27 Apr 19 Cincinnati Financial Corporation AGM 1.2 Opposed Agenda item : Elect Director Gregory T. Bier. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 27 Apr 19 Cincinnati Financial Corporation AGM 1.3 For Agenda item : Elect Director Linda W. Clement-Holmes. 27 Apr 19 Cincinnati Financial Corporation AGM 1.4 For Agenda item : Elect Director Dirk J. Debbink. 27 Apr 19 Cincinnati Financial Corporation AGM 1.5 For Agenda item : Elect Director Steven J. Johnston. 27 Apr 19 Cincinnati Financial Corporation AGM 1.6 Opposed Agenda item : Elect Director Kenneth C. Lichtendahl. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 27 Apr 19 Cincinnati Financial Corporation AGM 1.7 Opposed Agenda item : Elect Director W. Rodney McMullen. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent.

135 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 27 Apr 19 Cincinnati Financial Corporation AGM 1.8 For Agenda item : Elect Director David P. Osborn. 27 Apr 19 Cincinnati Financial Corporation AGM 1.9 Opposed Agenda item : Elect Director Gretchen W. Price. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 27 Apr 19 Cincinnati Financial Corporation AGM 2 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 27 Apr 19 Cincinnati Financial Corporation AGM 3 Opposed Agenda item : Ratify Deloitte & Touche LLP as Auditor. UBS note : The tenure of auditor used by the company exceeds 20 years. 29 Apr 19 DISH Network Corporation AGM 1.1 For Agenda item : Elect Director Kathleen Q. Abernathy. 29 Apr 19 DISH Network Corporation AGM 1.2 Withhold Agenda item : Elect Director George R. Brokaw. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 29 Apr 19 DISH Network Corporation AGM 1.3 For Agenda item : Elect Director James DeFranco. 29 Apr 19 DISH Network Corporation AGM 1.4 For Agenda item : Elect Director Cantey M. Ergen. 29 Apr 19 DISH Network Corporation AGM 1.5 For Agenda item : Elect Director Charles W. Ergen. 29 Apr 19 DISH Network Corporation AGM 1.6 For Agenda item : Elect Director Charles M. Lillis. 29 Apr 19 DISH Network Corporation AGM 1.7 For Agenda item : Elect Director Afshin Mohebbi. 29 Apr 19 DISH Network Corporation AGM 1.8 Withhold Agenda item : Elect Director Tom A. Ortolf. UBS note : We will not support the election of non-independent non-executive directors when when less than 50% of the Board is independent. 29 Apr 19 DISH Network Corporation AGM 1.9 For Agenda item : Elect Director Carl E. Vogel. 29 Apr 19 DISH Network Corporation AGM 2 For Agenda item : Ratify KPMG LLP as Auditors. 29 Apr 19 DISH Network Corporation AGM 3 Opposed Agenda item : Approve Omnibus Stock Plan. UBS note : We will not support an Omnibus Plan where we believe it is too expensive, causes excessive dilution or is not in line with market best practice. 29 Apr 19 EOG Resources, Inc. AGM 1a For Agenda item : Elect Director Janet F. Clark.

UBS Asset Management 136 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 29 Apr 19 EOG Resources, Inc. AGM 1b For Agenda item : Elect Director Charles R. Crisp. 29 Apr 19 EOG Resources, Inc. AGM 1c For Agenda item : Elect Director Robert P. Daniels. 29 Apr 19 EOG Resources, Inc. AGM 1d For Agenda item : Elect Director James C. Day. 29 Apr 19 EOG Resources, Inc. AGM 1e Opposed Agenda item : Elect Director C. Christopher Gaut. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 29 Apr 19 EOG Resources, Inc. AGM 1f For Agenda item : Elect Director Julie J. Robertson. 29 Apr 19 EOG Resources, Inc. AGM 1g Opposed Agenda item : Elect Director Donald F. Textor. UBS note : We expect the Lead Director to be independent. 29 Apr 19 EOG Resources, Inc. AGM 1h Opposed Agenda item : Elect Director William R. Thomas. UBS note : We believe there should be an appropriate counterbalance when the positions of CEO and Chair are combined. 29 Apr 19 EOG Resources, Inc. AGM 2 For Agenda item : Ratify Deloitte & Touche LLP as Auditors. 29 Apr 19 EOG Resources, Inc. AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : Accelerated vesting of outstanding awards is contrary to the alignment between executive pay and shareholder long-term interest. 29 Apr 19 Ferguson Plc Court 1 For Agenda item : Approve Scheme of Arrangement. 29 Apr 19 Ferguson Plc EGM 1 For Agenda item : Approve Introduction of a New Jersey Incorporated and UK Tax-resident Holding Company. 29 Apr 19 Ferguson Plc EGM 2 For Agenda item : Approve Cancellation of Share Premium Account. 29 Apr 19 Ferguson Plc EGM 3 For Agenda item : Approve Delisting of Ordinary Shares from the Official List. 29 Apr 19 Ferguson Plc EGM 4 For Agenda item : Approve Change of Company Name to Ferguson Holdings Limited; Amend Memorandum of Association. 29 Apr 19 Ferguson Plc EGM 5 For Agenda item : Adopt New Articles of Association. 29 Apr 19 Ferguson Plc EGM 6 For Agenda item : Approve Employee Share Purchase Plan, International Sharesave Plan and Long Term Incentive Plan. 29 Apr 19 Honeywell International Inc. AGM 1A Opposed Agenda item : Elect Director Darius Adamczyk.

137 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : We believe there should be an appropriate counterbalance when the positions of CEO and Chair are combined. 29 Apr 19 Honeywell International Inc. AGM 1B For Agenda item : Elect Director Duncan B. Angove. 29 Apr 19 Honeywell International Inc. AGM 1C For Agenda item : Elect Director William S. Ayer. 29 Apr 19 Honeywell International Inc. AGM 1D For Agenda item : Elect Director Kevin Burke. 29 Apr 19 Honeywell International Inc. AGM 1E Opposed Agenda item : Elect Director Jaime Chico Pardo. UBS note : We will not support the election of non-independent, non-executive directors should the Audit Committee not comprise of 2/3 independent directors. 29 Apr 19 Honeywell International Inc. AGM 1F Opposed Agenda item : Elect Director D. Scott Davis. UBS note : We will not support the election of non-independent, non-executive directors should the Audit Committee not comprise of 2/3 independent directors. 29 Apr 19 Honeywell International Inc. AGM 1G Opposed Agenda item : Elect Director Linnet F. Deily. UBS note : We will not support the election of non-independent, non-executive directors should the Audit Committee not comprise of 2/3 independent directors. 29 Apr 19 Honeywell International Inc. AGM 1H For Agenda item : Elect Director Judd Gregg. 29 Apr 19 Honeywell International Inc. AGM 1I For Agenda item : Elect Director Clive Hollick. 29 Apr 19 Honeywell International Inc. AGM 1J For Agenda item : Elect Director Grace D. Lieblein. 29 Apr 19 Honeywell International Inc. AGM 1K For Agenda item : Elect Director George Paz. 29 Apr 19 Honeywell International Inc. AGM 1L Opposed Agenda item : Elect Director Robin L. Washington. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 29 Apr 19 Honeywell International Inc. AGM 2 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay.

UBS Asset Management 138 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 29 Apr 19 Honeywell International Inc. AGM 3 For Agenda item : Ratify Deloitte & Touche LLP as Auditor. 29 Apr 19 Honeywell International Inc. AGM 4 For Agenda item : Provide Right to Act by Written Consent. UBS note : We support resolutions that require the right to act by written consent, should they not be too restrictive and are in line with market practice. 29 Apr 19 Honeywell International Inc. AGM 5 For Agenda item : Report on Lobbying Payments and Policy. UBS note : In general, we will support shareholder proposals seeking greater transparency on company lobbying except where covered by existing legislation and where the company meets such regulation, unless there is a direct reputational risk. 29 Apr 19 Micro Focus International Plc EGM 1 For Agenda item : Approve B Share Scheme and Share Consolidation. 29 Apr 19 Oil Refineries Ltd. EGM 1 Opposed Agenda item : Approve Annual Bonus to Ovadia Eli, Chairman. UBS note : Awards granted to new recruits during the year are not linked to the Company's performance and/or adequately justified. 29 Apr 19 Oil Refineries Ltd. EGM A Opposed Agenda item : Vote FOR if you are a controlling shareholder or have a personal interest in one or several resolutions, as indicated in the proxy card; otherwise, vote AGAINST. You may not abstain. If you vote FOR, please provide an explanation to your account manager. 29 Apr 19 Oil Refineries Ltd. EGM B1 Opposed Agenda item : If you are an Interest Holder as defined in Section 1 of the Securities Law, 1968, vote FOR. Otherwise, vote against. 29 Apr 19 Oil Refineries Ltd. EGM B2 Opposed Agenda item : If you are a Senior Officer as defined in Section 37(D) of the Securities Law, 1968, vote FOR. Otherwise, vote against. 29 Apr 19 Oil Refineries Ltd. EGM B3 For Agenda item : If you are an Institutional Investor as defined in Regulation 1 of the Supervision Financial Services Regulations 2009 or a Manager of a Joint Investment Trust Fund as defined in the Joint Investment Trust Law, 1994, vote FOR. Otherwise, vote against. 29 Apr 19 Oversea-Chinese Banking Corporation Limited AGM 1 For Agenda item : Adopt Financial Statements and Directors' and Auditors' Reports. 29 Apr 19 Oversea-Chinese Banking Corporation Limited AGM 2a For Agenda item : Elect Christina Hon Kwee Fong (Christina Ong) as Director. 29 Apr 19 Oversea-Chinese Banking Corporation Limited AGM 2b For Agenda item : Elect Quah Wee Ghee as Director.

139 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 29 Apr 19 Oversea-Chinese Banking Corporation Limited AGM 2c For Agenda item : Elect Samuel N. Tsien as Director. 29 Apr 19 Oversea-Chinese Banking Corporation Limited AGM 2d For Agenda item : Elect Tan Ngiap Joo as Director. 29 Apr 19 Oversea-Chinese Banking Corporation Limited AGM 3 For Agenda item : Approve Final Dividend. 29 Apr 19 Oversea-Chinese Banking Corporation Limited AGM 4a For Agenda item : Approve Directors' Fees. 29 Apr 19 Oversea-Chinese Banking Corporation Limited AGM 4b For Agenda item : Approve Issuance of 6,000 Shares to Each Non-Executive Director for the Year Ended Dec. 31, 2018. 29 Apr 19 Oversea-Chinese Banking Corporation Limited AGM 5 For Agenda item : Approve KPMG LLP as Auditors and Authorise Board to Fix Their Remuneration. 29 Apr 19 Oversea-Chinese Banking Corporation Limited AGM 6 Opposed Agenda item : Approve Issuance of Equity or Equity-Linked Securities with or without Pre-emptive Rights. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 29 Apr 19 Oversea-Chinese Banking Corporation Limited AGM 7 Opposed Agenda item : Approve Grant of Options and/or Rights and Issuance of Shares Pursuant to the OCBC Share Option Scheme 2001 and OCBC Employee Share Purchase Plan. UBS note : The proposed plan does not provide a sufficiently strong link between awards and shareholder long-term interest. 29 Apr 19 Oversea-Chinese Banking Corporation Limited AGM 8 For Agenda item : Approve Issuance of Shares Pursuant to the Oversea-Chinese Banking Corporation Limited Scrip Dividend Scheme. 29 Apr 19 Oversea-Chinese Banking Corporation Limited AGM 9 For Agenda item : Authorise Share Repurchase Program. 29 Apr 19 The Boeing Company AGM 1a For Agenda item : Elect Director Robert A. Bradway. 29 Apr 19 The Boeing Company AGM 1b For Agenda item : Elect Director David L. Calhoun. 29 Apr 19 The Boeing Company AGM 1c For Agenda item : Elect Director Arthur D. Collins, Jr. 29 Apr 19 The Boeing Company AGM 1d For Agenda item : Elect Director Edmund P. Giambastiani, Jr. 29 Apr 19 The Boeing Company AGM 1e For Agenda item : Elect Director Lynn J. Good. 29 Apr 19 The Boeing Company AGM 1f For Agenda item : Elect Director Nikki R. Haley. 29 Apr 19 The Boeing Company AGM 1g For Agenda item : Elect Director Lawrence W. Kellner.

UBS Asset Management 140 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 29 Apr 19 The Boeing Company AGM 1h For Agenda item : Elect Director Caroline B. Kennedy. 29 Apr 19 The Boeing Company AGM 1i For Agenda item : Elect Director Edward M. Liddy. 29 Apr 19 The Boeing Company AGM 1j For Agenda item : Elect Director Dennis A. Muilenburg. 29 Apr 19 The Boeing Company AGM 1k For Agenda item : Elect Director Susan C. Schwab. 29 Apr 19 The Boeing Company AGM 1l For Agenda item : Elect Director Ronald A. Williams. 29 Apr 19 The Boeing Company AGM 1m For Agenda item : Elect Director Mike S. Zafirovski. 29 Apr 19 The Boeing Company AGM 2 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 29 Apr 19 The Boeing Company AGM 3 Opposed Agenda item : Ratify Deloitte & Touche LLP as Auditors. UBS note : The tenure of auditor used by the company exceeds 20 years. 29 Apr 19 The Boeing Company AGM 4 For Agenda item : Report on Lobbying Payments and Policy. UBS note : In general, we will support shareholder proposals seeking greater transparency on company lobbying except where covered by existing legislation and where the company meets such regulation, unless there is a direct reputational risk. 29 Apr 19 The Boeing Company AGM 5 Opposed Agenda item : Adjust Executive Compensation Metrics for Share Buybacks. 29 Apr 19 The Boeing Company AGM 6 For Agenda item : Require Independent Board Chairman. UBS note : We normally support proposals to separate the positions of Chairman and CEO. 29 Apr 19 The Boeing Company AGM 7 For Agenda item : Amend Proxy Access Right. UBS note : We will support proposals that increase shareholders' rights such as proxy access proposals when the conditions are reasonable. 29 Apr 19 The Boeing Company AGM 8 Opposed Agenda item : Adopt Share Retention Policy For Senior Executives. 29 Apr 19 Thomas Cook Group Plc EGM 1 For Agenda item : Amend the Borrowing Limit Under the Company's Articles of Association. 29 Apr 19 United Technologies Corporation AGM 1a For Agenda item : Elect Director Lloyd J. Austin, III. 29 Apr 19 United Technologies Corporation AGM 1b For Agenda item : Elect Director Diane M. Bryant. 29 Apr 19 United Technologies Corporation AGM 1c For Agenda item : Elect Director John V. Faraci. 29 Apr 19 United Technologies Corporation AGM 1d Opposed Agenda item : Elect Director Jean-Pierre Garnier.

141 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 29 Apr 19 United Technologies Corporation AGM 1e For Agenda item : Elect Director Gregory J. Hayes. 29 Apr 19 United Technologies Corporation AGM 1f For Agenda item : Elect Director Christopher J. Kearney. 29 Apr 19 United Technologies Corporation AGM 1g For Agenda item : Elect Director Ellen J. Kullman. 29 Apr 19 United Technologies Corporation AGM 1h For Agenda item : Elect Director Marshall O. Larsen. 29 Apr 19 United Technologies Corporation AGM 1i For Agenda item : Elect Director Harold W. McGraw, III. 29 Apr 19 United Technologies Corporation AGM 1j For Agenda item : Elect Director Margaret L. O'Sullivan. 29 Apr 19 United Technologies Corporation AGM 1k For Agenda item : Elect Director Denise L. Ramos. 29 Apr 19 United Technologies Corporation AGM 1l For Agenda item : Elect Director Fredric G. Reynolds. 29 Apr 19 United Technologies Corporation AGM 1m For Agenda item : Elect Director Brian C. Rogers. 29 Apr 19 United Technologies Corporation AGM 2 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 29 Apr 19 United Technologies Corporation AGM 3 Opposed Agenda item : Ratify PricewaterhouseCoopers LLP as Auditor. UBS note : The tenure of auditor used by the company exceeds 20 years. 29 Apr 19 United Technologies Corporation AGM 4 For Agenda item : Eliminate Supermajority Vote Requirement to Approve Certain Business Combinations. 29 Apr 19 United Technologies Corporation AGM 5 For Agenda item : Ratify The Reduced Ownership Threshold to Call a Special Meeting. 30 Apr 19 ATOS SE Annual/Special 1 For Agenda item : Approve Financial Statements and Statutory Reports. 30 Apr 19 ATOS SE Annual/Special 2 For Agenda item : Approve Consolidated Financial Statements and Statutory Reports. 30 Apr 19 ATOS SE Annual/Special 3 For Agenda item : Approve Allocation of Income and Dividends of EUR 1.70 per Share. 30 Apr 19 ATOS SE Annual/Special 4 For Agenda item : Approve Stock Dividend Program. 30 Apr 19 ATOS SE Annual/Special 5 For Agenda item : Approve Dividends in Kind Re: Worldline Shares.

UBS Asset Management 142 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 30 Apr 19 ATOS SE Annual/Special 6 For Agenda item : Approve Three Years Plan ADVANCE 2021. 30 Apr 19 ATOS SE Annual/Special 7 For Agenda item : Approve Remuneration of Directors in the Aggregate Amount of EUR 800,000. 30 Apr 19 ATOS SE Annual/Special 8 For Agenda item : Re-elect Thierry Breton as Director. 30 Apr 19 ATOS SE Annual/Special 9 For Agenda item : Re-elect Aminata Niane as Director. 30 Apr 19 ATOS SE Annual/Special 10 For Agenda item : Re-elect Lynn Paine as Director. 30 Apr 19 ATOS SE Annual/Special 11 Opposed Agenda item : Re-elect Vernon Sankey as Director. UBS note : We expect the Audit Committee Chair to be independent and will not support nominees considered non-independent directors, as well as former executives. 30 Apr 19 ATOS SE Annual/Special 12 Opposed Agenda item : Elect Vivek Badrinath as Director. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 30 Apr 19 ATOS SE Annual/Special 13 Opposed Agenda item : Appoint Jean-Louis Georgelin as Censor. UBS note : We will vote against the appointment of censors as they are members of the Board and participate in the Board decision process but yet are not responsible to shareholders. 30 Apr 19 ATOS SE Annual/Special 14 For Agenda item : Approve Additional Pension Scheme Agreement with Thierry Breton, Chairman and CEO. 30 Apr 19 ATOS SE Annual/Special 15 For Agenda item : Approve Global Transaction of Alliance with Worldline. 30 Apr 19 ATOS SE Annual/Special 16 Opposed Agenda item : Approve Compensation of Thierry Breton, Chairman and CEO. UBS note : Pay frameworks where long-term incentive plans have a performance period of less than three years do not provide adequate alignment with shareholders' long-term interests. 30 Apr 19 ATOS SE Annual/Special 17 For Agenda item : Approve Remuneration Policy of Chairman and CEO. 30 Apr 19 ATOS SE Annual/Special 18 For Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital. 30 Apr 19 ATOS SE Annual/Special 19 For Agenda item : Authorise Decrease in Share Capital via Cancellation of

143 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments Repurchased Shares. 30 Apr 19 ATOS SE Annual/Special 20 For Agenda item : Authorise Capital Issuances for Use in Employee Stock Purchase Plans. 30 Apr 19 ATOS SE Annual/Special 21 For Agenda item : Authorise up to 0.9 Percent of Issued Capital for Use in Restricted Stock Plans. 30 Apr 19 ATOS SE Annual/Special 22 For Agenda item : Authorise up to 0.2 Percent of Issued Capital for Use in Stock Option Plans. 30 Apr 19 ATOS SE Annual/Special 23 For Agenda item : Amend Article 2 of Bylaws Re: Corporate Purpose. 30 Apr 19 ATOS SE Annual/Special 24 For Agenda item : Amend Article 38 of Bylaws Re: Allocation of Company Asset to Shareholders. 30 Apr 19 ATOS SE Annual/Special 25 For Agenda item : Approve Additional Pension Scheme Agreement with Elie Girard. 30 Apr 19 ATOS SE Annual/Special 26 For Agenda item : Approve Remuneration Policy of Vice-CEO. 30 Apr 19 ATOS SE Annual/Special 27 For Agenda item : Authorise Filing of Required Documents/Other Formalities. 30 Apr 19 Accor SA Annual/Special 1 For Agenda item : Approve Financial Statements and Statutory Reports. 30 Apr 19 Accor SA Annual/Special 2 For Agenda item : Approve Consolidated Financial Statements and Statutory Reports. 30 Apr 19 Accor SA Annual/Special 3 For Agenda item : Approve Treatment of Losses and Dividends of EUR 1.05 per Share. 30 Apr 19 Accor SA Annual/Special 4 Opposed Agenda item : Re-elect Nawaf Bin Jassim Bin Jabor Al-Thani as Director. UBS note : We will vote against any director who attended less than 75% of the Board meetings for the second consecutive year and without valid justification. 30 Apr 19 Accor SA Annual/Special 5 For Agenda item : Re-elect Aziz Aluthman Fakhroo as Director. 30 Apr 19 Accor SA Annual/Special 6 For Agenda item : Re-elect Sophie Gasperment as Director. 30 Apr 19 Accor SA Annual/Special 7 For Agenda item : Re-elect Qionger Jiang as Director. 30 Apr 19 Accor SA Annual/Special 8 For Agenda item : Re-elect Nicolas Sarkozy as Director. 30 Apr 19 Accor SA Annual/Special 9 For Agenda item : Re-elect Isabelle Simon as Director. 30 Apr 19 Accor SA Annual/Special 10 For Agenda item : Re-elect Sarmad Zok as Director.

UBS Asset Management 144 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 30 Apr 19 Accor SA Annual/Special 11 For Agenda item : Appoint PricewaterhouseCoopers Audit as Auditor. 30 Apr 19 Accor SA Annual/Special 12 Opposed Agenda item : Renew Appointment of Ernst and Young et Associes as Auditor. UBS note : The tenure of auditor used by the company exceeds 20 years. 30 Apr 19 Accor SA Annual/Special 13 For Agenda item : Appoint Patrice Morot as Alternate Auditor. 30 Apr 19 Accor SA Annual/Special 14 For Agenda item : Renew Appointment of Auditex as Alternate Auditor. 30 Apr 19 Accor SA Annual/Special 15 For Agenda item : Approve Transaction with Katara Hospitality Re: Investment Fund for Projects in Africa. 30 Apr 19 Accor SA Annual/Special 16 For Agenda item : Approve Transaction with Kingdom Hotels Europe LLC Re: Acquisition of Movenpick Hotels and Resorts Management AG. 30 Apr 19 Accor SA Annual/Special 17 Opposed Agenda item : Approve Compensation of Sebastien Bazin. UBS note : We will vote against when the level of disclosure provided does not allow shareholders to make an informed assessment of executive remuneration granted during the year. 30 Apr 19 Accor SA Annual/Special 18 Opposed Agenda item : Approve Compensation of Sven Boinet. UBS note : We will vote against when the level of disclosure provided does not allow shareholders to make an informed assessment of executive remuneration granted during the year. 30 Apr 19 Accor SA Annual/Special 19 For Agenda item : Approve Remuneration Policy of Chairman and CEO. 30 Apr 19 Accor SA Annual/Special 20 Opposed Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital. UBS note : We will not support the introduction of takeover defence mechanisms such as Poison Pills. Such proposals are not in the interests of shareholders. 30 Apr 19 Accor SA Annual/Special 21 For Agenda item : Authorise Decrease in Share Capital via Cancellation of Repurchased Shares. 30 Apr 19 Accor SA Annual/Special 22 Opposed Agenda item : Authorise Issuance of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of 50 Percent of Issued Capital.

145 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 30 Apr 19 Accor SA Annual/Special 23 For Agenda item : Authorise Issuance of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of 10 Percent of Issued Capital. 30 Apr 19 Accor SA Annual/Special 24 For Agenda item : Approve Issuance of Equity or Equity-Linked Securities for up to 10 Percent of Issued Capital Per Year Reserved for Specific Beneficiaries. 30 Apr 19 Accor SA Annual/Special 25 Opposed Agenda item : Authorise Board to Increase Capital in the Event of Additional Demand Related to Delegation Submitted to Shareholder Vote Above. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 30 Apr 19 Accor SA Annual/Special 26 For Agenda item : Authorise Capital Increase of up to 10 Percent of Issued Capital for Contributions in Kind. 30 Apr 19 Accor SA Annual/Special 27 For Agenda item : Authorise Capitalization of Reserves of Up to 50 Percent of Issued Capital for Bonus Issue or Increase in Par Value. 30 Apr 19 Accor SA Annual/Special 28 Opposed Agenda item : Set Total Limit for Capital Increase to Result from Issuance Requests Under Items 22-27 at 50 Percent of the Share Capital and Under Items 23-26 at 10 Percent of Issued Capital. UBS note : We support routine authorities to issue shares with pre-emption rights of up to 1/3 of the issued share capital combined, a maximum 10% of which can be without pre-emption rights. We will vote against any proposals above these limits as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 30 Apr 19 Accor SA Annual/Special 29 For Agenda item : Authorise Capital Issuances for Use in Employee Stock Purchase Plans.

UBS Asset Management 146 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 30 Apr 19 Accor SA Annual/Special 30 For Agenda item : Authorise Capital Issuances for Use in Employee Stock Purchase Plans Reserved for Employees of International Subsidiaries. 30 Apr 19 Accor SA Annual/Special 31 Opposed Agenda item : Authorise up to 2.5 Percent of Issued Capital for Use in Restricted Stock Plans Under Performance Conditions Reserved for Some Employees and Corporate Executive Officers. UBS note : The disclosure provided does not allow shareholders to make an informed assessment of the Plan. 30 Apr 19 Accor SA Annual/Special 32 For Agenda item : Pursuant to Item 31 Above, Set Limit of Shares Reserved for Corporate Executive Officers at 15 Percent of Restricted Stock Plans. 30 Apr 19 Accor SA Annual/Special 33 Opposed Agenda item : Authorise Board to Issue Free Warrants with Pre-emptive Rights During a Public Tender Offer. UBS note : We are not supportive of authorities that could be used as an anti-takeover device and potentially help to entrench underperforming management. 30 Apr 19 Accor SA Annual/Special 34 For Agenda item : Authorise Filing of Required Documents/Other Formalities. 30 Apr 19 Anglo American Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 30 Apr 19 Anglo American Plc AGM 2 For Agenda item : Approve Final Dividend. 30 Apr 19 Anglo American Plc AGM 3 For Agenda item : Elect Marcelo Bastos as Director. 30 Apr 19 Anglo American Plc AGM 4 For Agenda item : Re-elect Ian Ashby as Director. 30 Apr 19 Anglo American Plc AGM 5 For Agenda item : Re-elect Stuart Chambers as Director. 30 Apr 19 Anglo American Plc AGM 6 For Agenda item : Re-elect Mark Cutifani as Director. 30 Apr 19 Anglo American Plc AGM 7 For Agenda item : Re-elect Nolitha Fakude as Director. 30 Apr 19 Anglo American Plc AGM 8 For Agenda item : Re-elect Byron Grote as Director. 30 Apr 19 Anglo American Plc AGM 9 For Agenda item : Re-elect Tony O'Neill as Director. 30 Apr 19 Anglo American Plc AGM 10 For Agenda item : Re-elect Stephen Pearce as Director. 30 Apr 19 Anglo American Plc AGM 11 For Agenda item : Re-elect Mphu Ramatlapeng as Director. 30 Apr 19 Anglo American Plc AGM 12 For Agenda item : Re-elect Jim Rutherford as Director. 30 Apr 19 Anglo American Plc AGM 13 For Agenda item : Re-elect Anne Stevens as Director. 30 Apr 19 Anglo American Plc AGM 14 For Agenda item : Reappoint Deloitte LLP as Auditors.

147 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 30 Apr 19 Anglo American Plc AGM 15 For Agenda item : Authorise Board to Fix Remuneration of Auditors. 30 Apr 19 Anglo American Plc AGM 16 For Agenda item : Approve Remuneration Report. 30 Apr 19 Anglo American Plc AGM 17 For Agenda item : Authorise Issue of Equity with Pre-emptive Rights. 30 Apr 19 Anglo American Plc AGM 18 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 30 Apr 19 Anglo American Plc AGM 19 For Agenda item : Authorise Market Purchase of Ordinary Shares. 30 Apr 19 Anglo American Plc AGM 20 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 30 Apr 19 Assicurazioni Generali SpA Annual/Special 1a For Agenda item : Accept Financial Statements and Statutory Reports. 30 Apr 19 Assicurazioni Generali SpA Annual/Special 1b For Agenda item : Approve Allocation of Income. 30 Apr 19 Assicurazioni Generali SpA Annual/Special 2a For Agenda item : Amend Company Bylaws Re: Article 9. 30 Apr 19 Assicurazioni Generali SpA Annual/Special 2b For Agenda item : Amend Company Bylaws Re: Articles 28.2, 29.1, and 35.2. 30 Apr 19 Assicurazioni Generali SpA Annual/Special 2c For Agenda item : Amend Company Bylaws Re: Article 35.3. 30 Apr 19 Assicurazioni Generali SpA Annual/Special 2d For Agenda item : Amend Company Bylaws Re: Article 37.22. 30 Apr 19 Assicurazioni Generali SpA Annual/Special 3a For Agenda item : Fix Number of Directors. 30 Apr 19 Assicurazioni Generali SpA Annual/Special 3b.1 Do Not Vote Agenda item : Slate 1 Submitted by Mediobanca Spa. 30 Apr 19 Assicurazioni Generali SpA Annual/Special 3b.2 For Agenda item : Slate 2 Submitted by Institutional Investors (Assogestioni). 30 Apr 19 Assicurazioni Generali SpA Annual/Special 3c For Agenda item : Approve Remuneration of Directors. 30 Apr 19 Assicurazioni Generali SpA Annual/Special 4a For Agenda item : Appoint External Auditors. 30 Apr 19 Assicurazioni Generali SpA Annual/Special 4b For Agenda item : Approve Remuneration of External Auditors. 30 Apr 19 Assicurazioni Generali SpA Annual/Special 5 Opposed Agenda item : Approve Remuneration Policy. UBS note : Certain one-off payments granted to executives during the year have not been adequately justified by the company. 30 Apr 19 Assicurazioni Generali SpA Annual/Special 6a For Agenda item : Approve Group Long Term Incentive Plan. 30 Apr 19 Assicurazioni Generali SpA Annual/Special 6b For Agenda item : Authorise Share Repurchase Program and Reissuance of Repurchased Shares to Service Group Long Term Incentive Plan. 30 Apr 19 Assicurazioni Generali SpA Annual/Special 6c For Agenda item : Authorise Board to Increase Capital to Service Group Long Term Incentive Plan. 30 Apr 19 Assicurazioni Generali SpA Annual/Special 7a For Agenda item : Approve Share Plan. 30 Apr 19 Assicurazioni Generali SpA Annual/Special 7b For Agenda item : Authorise Share Repurchase Program and Reissuance of

UBS Asset Management 148 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments Repurchased Shares to Service Share Plan. 30 Apr 19 BB&T Corporation AGM 1.1 For Agenda item : Elect Director Jennifer S. Banner. 30 Apr 19 BB&T Corporation AGM 1.10 For Agenda item : Elect Director Nido R. Qubein. 30 Apr 19 BB&T Corporation AGM 1.11 For Agenda item : Elect Director William J. Reuter. 30 Apr 19 BB&T Corporation AGM 1.12 For Agenda item : Elect Director Tollie W. Rich, Jr. 30 Apr 19 BB&T Corporation AGM 1.13 For Agenda item : Elect Director Christine Sears. 30 Apr 19 BB&T Corporation AGM 1.14 For Agenda item : Elect Director Thomas E. Skains. 30 Apr 19 BB&T Corporation AGM 1.15 For Agenda item : Elect Director Thomas N. Thompson. 30 Apr 19 BB&T Corporation AGM 1.2 For Agenda item : Elect Director K. David Boyer, Jr. 30 Apr 19 BB&T Corporation AGM 1.3 Opposed Agenda item : Elect Director Anna R. Cablik. UBS note : We expect the Lead Director to be independent. 30 Apr 19 BB&T Corporation AGM 1.4 For Agenda item : Elect Director Patrick C. Graney, III. 30 Apr 19 BB&T Corporation AGM 1.5 For Agenda item : Elect Director I. Patricia Henry. 30 Apr 19 BB&T Corporation AGM 1.6 Opposed Agenda item : Elect Director Kelly S. King. UBS note : We believe there should be an appropriate counterbalance when the positions of CEO and Chair are combined. 30 Apr 19 BB&T Corporation AGM 1.7 For Agenda item : Elect Director Louis B. Lynn. 30 Apr 19 BB&T Corporation AGM 1.8 For Agenda item : Elect Director Easter A. Maynard. 30 Apr 19 BB&T Corporation AGM 1.9 For Agenda item : Elect Director Charles A. Patton. 30 Apr 19 BB&T Corporation AGM 2 For Agenda item : Ratify PricewaterhouseCoopers LLP as Auditors. 30 Apr 19 BB&T Corporation AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 30 Apr 19 BBGI SICAV SA AGM 1 For Agenda item : Receive and Approve Board's and Auditor's Reports. 30 Apr 19 BBGI SICAV SA AGM 2 For Agenda item : Approve Financial Statements and Allocation of Income. 30 Apr 19 BBGI SICAV SA AGM 3 For Agenda item : Approve Consolidated Financial Statements and Statutory Reports. 30 Apr 19 BBGI SICAV SA AGM 4 For Agenda item : Approve Discharge of Management Board, Supervisory Board

149 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments Members, Auditors and David Richardson. 30 Apr 19 BBGI SICAV SA AGM 5 For Agenda item : Re-elect Colin Maltby to Supervisory Board. 30 Apr 19 BBGI SICAV SA AGM 6 For Agenda item : Re-elect Jutta af Rosenborg to Supervisory Board. 30 Apr 19 BBGI SICAV SA AGM 7 For Agenda item : Re-elect Howard Myles to Supervisory Board. 30 Apr 19 BBGI SICAV SA AGM 8 For Agenda item : Elect Sarah Whitney to Supervisory Board. 30 Apr 19 BBGI SICAV SA AGM 9 For Agenda item : Renew Appointment KPMG as Auditor. 30 Apr 19 BBGI SICAV SA AGM 10 For Agenda item : Authorise Board to Fix Remuneration of Auditors. 30 Apr 19 BBGI SICAV SA AGM 11 For Agenda item : Authorise Board to Offer Dividend in Stock. 30 Apr 19 BBGI SICAV SA AGM 12 For Agenda item : Approve Continuation in Business as an Investment Company in the Form of a Public Limited Company with Variable Share Capital. 30 Apr 19 BBGI SICAV SA AGM 13 For Agenda item : Approve Share Repurchase Up to 14.99 Percent of the Issued Share Capital. 30 Apr 19 BBGI SICAV SA AGM 14 For Agenda item : Authorise Issuance of Equity or Equity-Linked Securities without Pre-emptive Rights Up to 10 Percent of Issued Share Capital. 30 Apr 19 BBGI SICAV SA AGM 15 For Agenda item : Authorise Board to Ratify and Execute Approved Resolutions. 30 Apr 19 Bausch Health Cos., Inc. AGM 1a For Agenda item : Elect Director Richard U. De Schutter. 30 Apr 19 Bausch Health Cos., Inc. AGM 1b For Agenda item : Elect Director D. Robert Hale. 30 Apr 19 Bausch Health Cos., Inc. AGM 1c For Agenda item : Elect Director Argeris (Jerry) N. Karabelas. 30 Apr 19 Bausch Health Cos., Inc. AGM 1d For Agenda item : Elect Director Sarah B. Kavanagh. 30 Apr 19 Bausch Health Cos., Inc. AGM 1e For Agenda item : Elect Director Joseph C. Papa. 30 Apr 19 Bausch Health Cos., Inc. AGM 1f For Agenda item : Elect Director John A. Paulson. 30 Apr 19 Bausch Health Cos., Inc. AGM 1g Withhold Agenda item : Elect Director Robert N. Power. UBS note : We will not support the election of the Chair of the Nomination Committee where the gender balance on the Board is not considered to be in line with our expectation for this market. 30 Apr 19 Bausch Health Cos., Inc. AGM 1h For Agenda item : Elect Director Russel C. Robertson. 30 Apr 19 Bausch Health Cos., Inc. AGM 1i For Agenda item : Elect Director Thomas W. Ross, Sr. 30 Apr 19 Bausch Health Cos., Inc. AGM 1j For Agenda item : Elect Director Andrew C. von Eschenbach. 30 Apr 19 Bausch Health Cos., Inc. AGM 1k For Agenda item : Elect Director Amy B. Wechsler.

UBS Asset Management 150 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 30 Apr 19 Bausch Health Cos., Inc. AGM 2 For Agenda item : Advisory Vote on Executive Compensation Approach. 30 Apr 19 Bausch Health Cos., Inc. AGM 3 For Agenda item : Approve PricewaterhouseCoopers LLP as Auditors and Authorise Board to Fix Their Remuneration. 30 Apr 19 Canadian National Railway Co. AGM 1.1 For Agenda item : Elect Director Shauneen Bruder. 30 Apr 19 Canadian National Railway Co. AGM 1.10 Withhold Agenda item : Elect Director Robert Pace. UBS note : We will not support the election of a non-independent, non-executive directors who shall serve on the Nomination Committee where the committee is not made up of a majority of independent directors. 30 Apr 19 Canadian National Railway Co. AGM 1.11 For Agenda item : Elect Director Robert L. Phillips. 30 Apr 19 Canadian National Railway Co. AGM 1.12 For Agenda item : Elect Director Jean-Jacques Ruest. 30 Apr 19 Canadian National Railway Co. AGM 1.13 Withhold Agenda item : Elect Director Laura Stein. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 30 Apr 19 Canadian National Railway Co. AGM 1.2 For Agenda item : Elect Director Donald J. Carty. 30 Apr 19 Canadian National Railway Co. AGM 1.3 Withhold Agenda item : Elect Director Gordon D. Giffin. UBS note : We will not support the election of a non-independent, non-executive directors who shall serve on the Nomination Committee where the committee is not made up of a majority of independent directors. 30 Apr 19 Canadian National Railway Co. AGM 1.4 For Agenda item : Elect Director Julie Godin. 30 Apr 19 Canadian National Railway Co. AGM 1.5 For Agenda item : Elect Director Edith E. Holiday. 30 Apr 19 Canadian National Railway Co. AGM 1.6 Withhold Agenda item : Elect Director V. Maureen Kempston Darkes. UBS note : We will not support the election of a non-independent, non-executive directors who shall serve on the Nomination Committee where the committee is not made up of a majority of independent directors. 30 Apr 19 Canadian National Railway Co. AGM 1.7 Withhold Agenda item : Elect Director Denis Losier. UBS note : We will not support the election of a non-independent, non-executive directors who shall serve on the Nomination Committee where the committee is not made up of a majority of independent directors.

151 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 30 Apr 19 Canadian National Railway Co. AGM 1.8 Withhold Agenda item : Elect Director Kevin G. Lynch. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 30 Apr 19 Canadian National Railway Co. AGM 1.9 For Agenda item : Elect Director James E. O'Connor. 30 Apr 19 Canadian National Railway Co. AGM 2 Withhold Agenda item : Ratify KPMG LLP as Auditors. UBS note : The tenure of auditor used by the company exceeds 20 years. 30 Apr 19 Canadian National Railway Co. AGM 3 Opposed Agenda item : Advisory Vote on Executive Compensation Approach. UBS note : Accelerated vesting of outstanding awards is contrary to the alignment between executive pay and shareholder long-term interest. 30 Apr 19 Countrywide PLC AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 30 Apr 19 Countrywide PLC AGM 2 For Agenda item : Approve Remuneration Report. 30 Apr 19 Countrywide PLC AGM 3 For Agenda item : Re-elect Peter Long as Director. 30 Apr 19 Countrywide PLC AGM 4 For Agenda item : Re-elect David Watson as Director. 30 Apr 19 Countrywide PLC AGM 5 For Agenda item : Re-elect Himanshu Raja as Director. 30 Apr 19 Countrywide PLC AGM 6 For Agenda item : Re-elect Caleb Kramer as Director. 30 Apr 19 Countrywide PLC AGM 7 For Agenda item : Re-elect Jane Lighting as Director. 30 Apr 19 Countrywide PLC AGM 8 For Agenda item : Re-elect Rupert Gavin as Director. 30 Apr 19 Countrywide PLC AGM 9 For Agenda item : Re-elect Natalie Ceeney as Director. 30 Apr 19 Countrywide PLC AGM 10 For Agenda item : Elect Paul Creffield as Director. 30 Apr 19 Countrywide PLC AGM 11 For Agenda item : Elect Mark Shuttleworth as Director. 30 Apr 19 Countrywide PLC AGM 12 For Agenda item : Reappoint PricewaterhouseCoopers LLP as Auditors. 30 Apr 19 Countrywide PLC AGM 13 For Agenda item : Authorise the Audit and Risk Committee to Fix Remuneration of Auditors. 30 Apr 19 Countrywide PLC AGM 14 For Agenda item : Authorise Issue of Equity. 30 Apr 19 Countrywide PLC AGM 15 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 30 Apr 19 Countrywide PLC AGM 16 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 30 Apr 19 Countrywide PLC AGM 17 For Agenda item : Authorise EU Political Donations and Expenditure.

UBS Asset Management 152 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 30 Apr 19 Countrywide PLC AGM 18 For Agenda item : Authorise Market Purchase of Ordinary Shares. 30 Apr 19 Countrywide PLC AGM 19 For Agenda item : Approve Cancellation of Share Premium Account. 30 Apr 19 Elementis Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 30 Apr 19 Elementis Plc AGM 2 For Agenda item : Approve Final Dividend. 30 Apr 19 Elementis Plc AGM 3 For Agenda item : Approve Remuneration Report. 30 Apr 19 Elementis Plc AGM 4 For Agenda item : Re-elect Andrew Duff as Director. 30 Apr 19 Elementis Plc AGM 5 For Agenda item : Re-elect Paul Waterman as Director. 30 Apr 19 Elementis Plc AGM 6 For Agenda item : Re-elect Ralph Hewins as Director. 30 Apr 19 Elementis Plc AGM 7 For Agenda item : Re-elect Sandra Boss as Director. 30 Apr 19 Elementis Plc AGM 8 For Agenda item : Re-elect Dorothee Deuring as Director. 30 Apr 19 Elementis Plc AGM 9 For Agenda item : Re-elect Steve Good as Director. 30 Apr 19 Elementis Plc AGM 10 For Agenda item : Re-elect Anne Hyland as Director. 30 Apr 19 Elementis Plc AGM 11 For Agenda item : Re-elect Nick Salmon as Director. 30 Apr 19 Elementis Plc AGM 12 For Agenda item : Reappoint Deloitte LLP as Auditors. 30 Apr 19 Elementis Plc AGM 13 For Agenda item : Authorise the Audit Committee to Fix Remuneration of Auditors. 30 Apr 19 Elementis Plc AGM 14 For Agenda item : Authorise Issue of Equity. 30 Apr 19 Elementis Plc AGM 15 For Agenda item : Authorise EU Political Donations and Expenditure. 30 Apr 19 Elementis Plc AGM 16 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 30 Apr 19 Elementis Plc AGM 17 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 30 Apr 19 Elementis Plc AGM 18 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 30 Apr 19 Elementis Plc AGM 19 For Agenda item : Authorise Market Purchase of Ordinary Shares. 30 Apr 19 Elementis Plc AGM 20 For Agenda item : Adopt New Articles of Association. 30 Apr 19 Encana Corp. AGM 1.1 For Agenda item : Elect Director Peter A. Dea. 30 Apr 19 Encana Corp. AGM 1.10 For Agenda item : Elect Director Douglas J. Suttles. 30 Apr 19 Encana Corp. AGM 1.11 For Agenda item : Elect Director Bruce G. Waterman. 30 Apr 19 Encana Corp. AGM 1.12 Withhold Agenda item : Elect Director Clayton H. Woitas.

153 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : We will not support the election of the Chair of the Nomination Committee where the gender balance on the Board is not considered to be in line with our expectation for this market. 30 Apr 19 Encana Corp. AGM 1.2 For Agenda item : Elect Director Fred J. Fowler. 30 Apr 19 Encana Corp. AGM 1.3 For Agenda item : Elect Director Howard J. Mayson. 30 Apr 19 Encana Corp. AGM 1.4 For Agenda item : Elect Director Lee A. McIntire. 30 Apr 19 Encana Corp. AGM 1.5 For Agenda item : Elect Director Margaret A. McKenzie. 30 Apr 19 Encana Corp. AGM 1.6 For Agenda item : Elect Director Steven W. Nance. 30 Apr 19 Encana Corp. AGM 1.7 For Agenda item : Elect Director Suzanne P. Nimocks. 30 Apr 19 Encana Corp. AGM 1.8 For Agenda item : Elect Director Thomas G. Ricks. 30 Apr 19 Encana Corp. AGM 1.9 For Agenda item : Elect Director Brian G. Shaw. 30 Apr 19 Encana Corp. AGM 2 Withhold Agenda item : Approve PricewaterhouseCoopers LLP as Auditors and Authorise Board to Fix Their Remuneration. UBS note : The tenure of auditor used by the company exceeds 20 years. 30 Apr 19 Encana Corp. AGM 3 For Agenda item : Amend Shareholder Rights Plan. 30 Apr 19 Encana Corp. AGM 4 For Agenda item : Approve Omnibus Stock Plan. 30 Apr 19 Encana Corp. AGM 5 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will vote against when the level of disclosure provided does not allow shareholders to make an informed assessment of executive remuneration granted during the year. 30 Apr 19 Exelon Corporation AGM 1a For Agenda item : Elect Director Anthony K. Anderson. 30 Apr 19 Exelon Corporation AGM 1b For Agenda item : Elect Director Ann C. Berzin. 30 Apr 19 Exelon Corporation AGM 1c For Agenda item : Elect Director Laurie Brlas. 30 Apr 19 Exelon Corporation AGM 1d For Agenda item : Elect Director Christopher M. Crane. 30 Apr 19 Exelon Corporation AGM 1e For Agenda item : Elect Director Yves C. de Balmann. 30 Apr 19 Exelon Corporation AGM 1f For Agenda item : Elect Director Nicholas DeBenedictis. 30 Apr 19 Exelon Corporation AGM 1g For Agenda item : Elect Director Linda P. Jojo. 30 Apr 19 Exelon Corporation AGM 1h For Agenda item : Elect Director Paul L. Joskow.

UBS Asset Management 154 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 30 Apr 19 Exelon Corporation AGM 1i For Agenda item : Elect Director Robert J. Lawless. 30 Apr 19 Exelon Corporation AGM 1j For Agenda item : Elect Director Richard W. Mies. 30 Apr 19 Exelon Corporation AGM 1k For Agenda item : Elect Director Mayo A. Shattuck, III. 30 Apr 19 Exelon Corporation AGM 1l Opposed Agenda item : Elect Director Stephen D. Steinour. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 30 Apr 19 Exelon Corporation AGM 1m For Agenda item : Elect Director John F. Young. 30 Apr 19 Exelon Corporation AGM 2 For Agenda item : Ratify PricewaterhouseCoopers LLP as Auditor. 30 Apr 19 Exelon Corporation AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 30 Apr 19 Exelon Corporation AGM 4 Opposed Agenda item : Report on Costs and Benefits of Environment-related Activities. 30 Apr 19 FMC Corporation AGM 1a Opposed Agenda item : Elect Director Pierre Brondeau. UBS note : We believe there should be an appropriate counterbalance when the positions of CEO and Chair are combined. 30 Apr 19 FMC Corporation AGM 1b For Agenda item : Elect Director Eduardo E. Cordeiro. 30 Apr 19 FMC Corporation AGM 1c Opposed Agenda item : Elect Director G. Peter D'Aloia. UBS note : We will not support the election of non-independent, non-executive directors should the Audit Committee not comprise of 2/3 independent directors. 30 Apr 19 FMC Corporation AGM 1d Opposed Agenda item : Elect Director C. Scott Greer. UBS note : Company has received a significant vote against its executive compensation on each of the last 2 occasions that the remuneration has been put to a shareholder vote. 30 Apr 19 FMC Corporation AGM 1e For Agenda item : Elect Director K'Lynne Johnson. 30 Apr 19 FMC Corporation AGM 1f For Agenda item : Elect Director Dirk A. Kempthorne. 30 Apr 19 FMC Corporation AGM 1g Opposed Agenda item : Elect Director Paul J. Norris.

155 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments UBS note : We will not support the election of the Chair of the Nomination Committee where the gender balance on the Board is not considered to be in line with our expectation for this market. 30 Apr 19 FMC Corporation AGM 1h Opposed Agenda item : Elect Director Margareth Ovrum. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 30 Apr 19 FMC Corporation AGM 1i For Agenda item : Elect Director Robert C. Pallash. 30 Apr 19 FMC Corporation AGM 1j For Agenda item : Elect Director William H. Powell. 30 Apr 19 FMC Corporation AGM 1k Opposed Agenda item : Elect Director Vincent R. Volpe, Jr. UBS note : We will not support the election of non-independent, non-executive directors should the Audit Committee not comprise of 2/3 independent directors. 30 Apr 19 FMC Corporation AGM 2 Opposed Agenda item : Ratify KPMG LLP as Auditor. UBS note : The tenure of auditor used by the company exceeds 20 years. 30 Apr 19 FMC Corporation AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : We will not support the remuneration where severance packages are in excess of 2yrs fixed salary plus average bonus pay. 30 Apr 19 FMC Corporation AGM 4 For Agenda item : Eliminate Supermajority Vote Requirements to Remove Directors. 30 Apr 19 Galapagos NV AGM 2 For Agenda item : Approve Financial Statements and Allocation of Income. 30 Apr 19 Galapagos NV AGM 5 Opposed Agenda item : Approve Remuneration Report. UBS note : The grant of performance-based pay to non-executive directors potentially undermines their independent oversight. 30 Apr 19 Galapagos NV AGM 6 For Agenda item : Approve Discharge of Directors and Auditor. 30 Apr 19 Galapagos NV AGM 7 For Agenda item : Approve Auditors' Remuneration. 30 Apr 19 Galapagos NV AGM 8 For Agenda item : Elect Peter Guenter as Independent Director. 30 Apr 19 Galapagos NV AGM 9 For Agenda item : Approve Remuneration of Directors.

UBS Asset Management 156 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 30 Apr 19 Galapagos NV AGM 10 Opposed Agenda item : Approve Galapagos Warrant Plan 2019. UBS note : The proposed plan does not provide a sufficiently strong link between awards and shareholder long-term interest. 30 Apr 19 Galapagos NV AGM 11 For Agenda item : Approve Change-of-Control Clause. 30 Apr 19 Hammerson Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 30 Apr 19 Hammerson Plc AGM 2 Opposed Agenda item : Approve Remuneration Report. UBS note : Executive pay granted/vested during the year is not aligned with performance. 30 Apr 19 Hammerson Plc AGM 3 For Agenda item : Approve Final Dividend. 30 Apr 19 Hammerson Plc AGM 4 For Agenda item : Re-elect David Atkins as Director. 30 Apr 19 Hammerson Plc AGM 5 For Agenda item : Re-elect Pierre Bouchut as Director. 30 Apr 19 Hammerson Plc AGM 6 For Agenda item : Re-elect Gwyn Burr as Director. 30 Apr 19 Hammerson Plc AGM 7 For Agenda item : Re-elect Timon Drakesmith as Director. 30 Apr 19 Hammerson Plc AGM 8 For Agenda item : Re-elect Andrew Formica as Director. 30 Apr 19 Hammerson Plc AGM 9 For Agenda item : Re-elect Judy Gibbons as Director. 30 Apr 19 Hammerson Plc AGM 10 For Agenda item : Re-elect David Tyler as Director. 30 Apr 19 Hammerson Plc AGM 11 For Agenda item : Elect Carol Welch as Director. 30 Apr 19 Hammerson Plc AGM 12 For Agenda item : Reappoint PricewaterhouseCoopers LLP as Auditors. 30 Apr 19 Hammerson Plc AGM 13 For Agenda item : Authorise the Audit Committee to Fix Remuneration of Auditors. 30 Apr 19 Hammerson Plc AGM 14 For Agenda item : Authorise Issue of Equity. 30 Apr 19 Hammerson Plc AGM 15 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 30 Apr 19 Hammerson Plc AGM 16 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 30 Apr 19 Hammerson Plc AGM 17 For Agenda item : Authorise Market Purchase of Ordinary Shares. 30 Apr 19 Hang Lung Group Ltd. AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 30 Apr 19 Hang Lung Group Ltd. AGM 2 For Agenda item : Approve Final Dividend. 30 Apr 19 Hang Lung Group Ltd. AGM 3a Opposed Agenda item : Elect Simon Sik On Ip as Director. UBS note : We will not support the election of non-independent

157 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments non-executive directors when when less than 1/3 of the Board is independent. 30 Apr 19 Hang Lung Group Ltd. AGM 3b For Agenda item : Elect Ronnie Chichung Chan as Director. 30 Apr 19 Hang Lung Group Ltd. AGM 3c For Agenda item : Elect Weber Wai Pak Lo as Director. 30 Apr 19 Hang Lung Group Ltd. AGM 3d For Agenda item : Elect Hau Cheong Ho as Director. 30 Apr 19 Hang Lung Group Ltd. AGM 3e For Agenda item : Authorise Board to Fix Remuneration of Directors. 30 Apr 19 Hang Lung Group Ltd. AGM 4 Opposed Agenda item : Appoint KPMG as Auditors and Authorise Board to Fix Their Remuneration. UBS note : The tenure of auditor used by the company exceeds 20 years. 30 Apr 19 Hang Lung Group Ltd. AGM 5 For Agenda item : Authorise Repurchase of Issued Share Capital. 30 Apr 19 Hang Lung Group Ltd. AGM 6 Opposed Agenda item : Approve Issuance of Equity or Equity-Linked Securities without Pre-emptive Rights. UBS note : We will not support routine authorities to issue shares without pre-emption rights exceeding 10% of the issued share capital as this is potentially overly dilutive for existing shareholders. 30 Apr 19 Hang Lung Group Ltd. AGM 7 Opposed Agenda item : Authorise Reissuance of Repurchased Shares. UBS note : We will not support routine authorities to issue shares without pre-emption rights exceeding 10% of the issued share capital as this is potentially overly dilutive for existing shareholders. 30 Apr 19 Hang Lung Properties Ltd. AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 30 Apr 19 Hang Lung Properties Ltd. AGM 2 For Agenda item : Approve Final Dividend. 30 Apr 19 Hang Lung Properties Ltd. AGM 3a For Agenda item : Elect Dominic Chiu Fai Ho as Director. 30 Apr 19 Hang Lung Properties Ltd. AGM 3b For Agenda item : Elect Philip Nan Lok Chen as Director. 30 Apr 19 Hang Lung Properties Ltd. AGM 3c For Agenda item : Elect Anita Yuen Mei Fung as Director. 30 Apr 19 Hang Lung Properties Ltd. AGM 3d For Agenda item : Elect Weber Wai Pak Lo as Director. 30 Apr 19 Hang Lung Properties Ltd. AGM 3e For Agenda item : Authorise Board to Fix Remuneration of Directors. 30 Apr 19 Hang Lung Properties Ltd. AGM 4 For Agenda item : Approve KPMG as Auditors and Authorise Board to Fix Their Remuneration. 30 Apr 19 Hang Lung Properties Ltd. AGM 5 For Agenda item : Authorise Repurchase of Issued Share Capital. 30 Apr 19 Hang Lung Properties Ltd. AGM 6 Opposed Agenda item : Approve Issuance of Equity or Equity-Linked Securities without

UBS Asset Management 158 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments Pre-emptive Rights. UBS note : We will not support routine authorities to issue shares without pre-emption rights exceeding 10% of the issued share capital as this is potentially overly dilutive for existing shareholders. 30 Apr 19 Hang Lung Properties Ltd. AGM 7 Opposed Agenda item : Authorise Reissuance of Repurchased Shares. UBS note : We will not support routine authorities to issue shares without pre-emption rights exceeding 10% of the issued share capital as this is potentially overly dilutive for existing shareholders. 30 Apr 19 Hera SpA AGM 1 For Agenda item : Approve Financial Statements, Statutory Reports, and Allocation of Income. 30 Apr 19 Hera SpA AGM 2 Opposed Agenda item : Approve Remuneration Policy. UBS note : The disclosure provided does not allow shareholders to make an informed assessment of the proposed remuneration policy. 30 Apr 19 Hera SpA AGM 3 For Agenda item : Authorise Share Repurchase Program and Reissuance of Repurchased Shares. 30 Apr 19 Hera SpA AGM A Abstain Agenda item : Deliberations on Possible Legal Action Against Directors if Presented by Shareholders. 30 Apr 19 Huntington Ingalls Industries, Inc. AGM 1.1 For Agenda item : Elect Director Philip M. Bilden. 30 Apr 19 Huntington Ingalls Industries, Inc. AGM 1.10 For Agenda item : Elect Director John K. Welch. 30 Apr 19 Huntington Ingalls Industries, Inc. AGM 1.11 For Agenda item : Elect Director Stephen R. Wilson. 30 Apr 19 Huntington Ingalls Industries, Inc. AGM 1.2 For Agenda item : Elect Director Augustus L. Collins. 30 Apr 19 Huntington Ingalls Industries, Inc. AGM 1.3 For Agenda item : Elect Director Kirkland H. Donald. 30 Apr 19 Huntington Ingalls Industries, Inc. AGM 1.4 For Agenda item : Elect Director Thomas B. Fargo. 30 Apr 19 Huntington Ingalls Industries, Inc. AGM 1.5 Withhold Agenda item : Elect Director Victoria D. Harker. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 30 Apr 19 Huntington Ingalls Industries, Inc. AGM 1.6 For Agenda item : Elect Director Anastasia D. Kelly. 30 Apr 19 Huntington Ingalls Industries, Inc. AGM 1.7 For Agenda item : Elect Director Tracy B. McKibben.

159 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 30 Apr 19 Huntington Ingalls Industries, Inc. AGM 1.8 For Agenda item : Elect Director C. Michael Petters. 30 Apr 19 Huntington Ingalls Industries, Inc. AGM 1.9 For Agenda item : Elect Director Thomas C. Schievelbein. 30 Apr 19 Huntington Ingalls Industries, Inc. AGM 2 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 30 Apr 19 Huntington Ingalls Industries, Inc. AGM 3 For Agenda item : Ratify Deloitte and Touche LLP as Auditor. 30 Apr 19 Huntington Ingalls Industries, Inc. AGM 4 For Agenda item : Amend Proxy Access Right. UBS note : We will support proposals that increase shareholders' rights such as proxy access proposals when the conditions are reasonable. 30 Apr 19 International Business Machines Corporation AGM 1.1 Opposed Agenda item : Elect Director Michael L. Eskew. UBS note : We expect the Audit Committee Chair to be independent and will not support nominees considered non-independent directors, as well as former executives. 30 Apr 19 International Business Machines Corporation AGM 1.10 Opposed Agenda item : Elect Director Sidney Taurel. UBS note : We will not support the election of a non-independent, non-executive directors who shall serve on the Nomination Committee where the committee is not made up of a majority of independent directors. 30 Apr 19 International Business Machines Corporation AGM 1.11 For Agenda item : Elect Director Peter R. Voser. 30 Apr 19 International Business Machines Corporation AGM 1.12 For Agenda item : Elect Director Frederick H. Waddell. 30 Apr 19 International Business Machines Corporation AGM 1.2 For Agenda item : Elect Director David N. Farr. 30 Apr 19 International Business Machines Corporation AGM 1.3 For Agenda item : Elect Director Alex Gorsky. 30 Apr 19 International Business Machines Corporation AGM 1.4 For Agenda item : Elect Director Michelle J. Howard. 30 Apr 19 International Business Machines Corporation AGM 1.5 Opposed Agenda item : Elect Director Shirley Ann Jackson. UBS note : We will not support the election of a non-independent, non-executive directors who shall serve on the Nomination Committee where the committee is not made up of a majority of independent directors. 30 Apr 19 International Business Machines Corporation AGM 1.6 For Agenda item : Elect Director Andrew N. Liveris. 30 Apr 19 International Business Machines Corporation AGM 1.7 For Agenda item : Elect Director Martha E. Pollack. 30 Apr 19 International Business Machines Corporation AGM 1.8 Opposed Agenda item : Elect Director Virginia M. Rometty. UBS note : We believe there should be an appropriate counterbalance when

UBS Asset Management 160 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments the positions of CEO and Chair are combined. 30 Apr 19 International Business Machines Corporation AGM 1.9 Opposed Agenda item : Elect Director Joseph R. Swedish. UBS note : The nominee holds a significant number of positions on the boards of listed companies, raising concerns over their ability to commit sufficient time to the role. 30 Apr 19 International Business Machines Corporation AGM 2 Opposed Agenda item : Ratify PricewaterhouseCoopers LLP as Auditors. UBS note : The tenure of auditor used by the company exceeds 20 years. 30 Apr 19 International Business Machines Corporation AGM 3 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 30 Apr 19 International Business Machines Corporation AGM 4 For Agenda item : Amend Executive Incentive Bonus Plan. 30 Apr 19 International Business Machines Corporation AGM 5 For Agenda item : Provide Right to Act by Written Consent. UBS note : We support resolutions that require the right to act by written consent, should they not be too restrictive and are in line with market practice. 30 Apr 19 International Business Machines Corporation AGM 6 For Agenda item : Require Independent Board Chairman. UBS note : We normally support proposals to separate the positions of Chairman and CEO. 30 Apr 19 Intesa Sanpaolo SpA AGM 1.a For Agenda item : Accept Financial Statements and Statutory Reports. 30 Apr 19 Intesa Sanpaolo SpA AGM 1.b For Agenda item : Approve Allocation of Income. 30 Apr 19 Intesa Sanpaolo SpA AGM 1.c For Agenda item : Accept Financial Statements and Statutory Reports of Intesa Sanpaolo Group Services ScpA. 30 Apr 19 Intesa Sanpaolo SpA AGM 1.d For Agenda item : Accept Financial Statements and Statutory Reports of Cassa di Risparmio di Pistoia e della Lucchesia SpA. 30 Apr 19 Intesa Sanpaolo SpA AGM 2 For Agenda item : Approve Auditors and Authorise Board to Fix Their Remuneration. 30 Apr 19 Intesa Sanpaolo SpA AGM 3.a Opposed Agenda item : Fix Number of Directors. 30 Apr 19 Intesa Sanpaolo SpA AGM 3.b.1 For Agenda item : Slate 1 Submitted by Compagnia di Sanpaolo, Fondazione Cariplo, Fondazione Cassa di Risparmio di Padova e Rovigo, Fondazione Cassa di Risparmio di Firenze and Fondazione Cassa di Risparmio in Bologna. 30 Apr 19 Intesa Sanpaolo SpA AGM 3.b.2 Do Not Vote Agenda item : Slate 2 Submitted by Institutional Investors (Assogestioni).

161 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 30 Apr 19 Intesa Sanpaolo SpA AGM 3.c For Agenda item : Elect Massimo Gian Maria Gros-Pietro as Board Chair and Paolo Andrea Colombo as Vice-Chairman. 30 Apr 19 Intesa Sanpaolo SpA AGM 4.a For Agenda item : Approve Remuneration Policies for Directors. 30 Apr 19 Intesa Sanpaolo SpA AGM 4.b For Agenda item : Approve Remuneration of Directors. UBS note : We will not support a resolution when a lack of disclosure results in shareholders being unable to make an informed voting decision. 30 Apr 19 Intesa Sanpaolo SpA AGM 4.c For Agenda item : Approve Remuneration and Incentive Policies of the Intesa Sanpaolo Group for 2019. 30 Apr 19 Intesa Sanpaolo SpA AGM 4.d For Agenda item : Approve Fixed-Variable Compensation Ratio. 30 Apr 19 Intesa Sanpaolo SpA AGM 4.e For Agenda item : Approve Severance Payments Policy. 30 Apr 19 Intesa Sanpaolo SpA AGM 4.f For Agenda item : Approve 2018 Annual Incentive Plan. 30 Apr 19 Intesa Sanpaolo SpA AGM 4.g For Agenda item : Authorise Share Repurchase Program and Reissuance of Repurchased Shares to Service 2018 Annual Incentive Plan. 30 Apr 19 Intesa Sanpaolo SpA AGM 5 For Agenda item : Approve Renunciation of Legal Action Against Former Chairman and Former General Manager of the Merged Subsidiary Banca Monte Parma SpA. 30 Apr 19 Intesa Sanpaolo SpA AGM A Abstain Agenda item : Deliberations on Possible Legal Action Against Directors if Presented by Shareholders. 30 Apr 19 JPMorgan U.S. Smaller Cos. Investment Trust Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 30 Apr 19 JPMorgan U.S. Smaller Cos. Investment Trust Plc AGM 2 For Agenda item : Approve Remuneration Policy. 30 Apr 19 JPMorgan U.S. Smaller Cos. Investment Trust Plc AGM 3 For Agenda item : Approve Remuneration Report. 30 Apr 19 JPMorgan U.S. Smaller Cos. Investment Trust Plc AGM 4 For Agenda item : Approve Final Dividend. 30 Apr 19 JPMorgan U.S. Smaller Cos. Investment Trust Plc AGM 5 Opposed Agenda item : Re-elect Davina Walter as Director. UBS note : Candidate is not considered independent and is serving on a committee that should be fully independent. 30 Apr 19 JPMorgan U.S. Smaller Cos. Investment Trust Plc AGM 6 For Agenda item : Re-elect Julia Le Blan as Director. 30 Apr 19 JPMorgan U.S. Smaller Cos. Investment Trust Plc AGM 7 For Agenda item : Re-elect David Ross as Director. 30 Apr 19 JPMorgan U.S. Smaller Cos. Investment Trust Plc AGM 8 For Agenda item : Re-elect Shefaly Yogendra as Director. 30 Apr 19 JPMorgan U.S. Smaller Cos. Investment Trust Plc AGM 9 For Agenda item : Elect Christopher Metcalfe as Director.

UBS Asset Management 162 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 30 Apr 19 JPMorgan U.S. Smaller Cos. Investment Trust Plc AGM 10 For Agenda item : Elect Dominic Neary as Director. 30 Apr 19 JPMorgan U.S. Smaller Cos. Investment Trust Plc AGM 11 For Agenda item : Reappoint Grant Thornton UK LLP as Auditors and Authorise Their Remuneration. 30 Apr 19 JPMorgan U.S. Smaller Cos. Investment Trust Plc AGM 12 For Agenda item : Authorise Issue of Equity. 30 Apr 19 JPMorgan U.S. Smaller Cos. Investment Trust Plc AGM 13 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 30 Apr 19 JPMorgan U.S. Smaller Cos. Investment Trust Plc AGM 14 For Agenda item : Authorise Market Purchase of Ordinary Shares. 30 Apr 19 Kimco Realty Corporation AGM 1a For Agenda item : Elect Director Milton Cooper. 30 Apr 19 Kimco Realty Corporation AGM 1b For Agenda item : Elect Director Philip E. Coviello. 30 Apr 19 Kimco Realty Corporation AGM 1c For Agenda item : Elect Director Conor C. Flynn. 30 Apr 19 Kimco Realty Corporation AGM 1d For Agenda item : Elect Director Frank Lourenso. 30 Apr 19 Kimco Realty Corporation AGM 1e For Agenda item : Elect Director Colombe M. Nicholas. 30 Apr 19 Kimco Realty Corporation AGM 1f For Agenda item : Elect Director Mary Hogan Preusse. 30 Apr 19 Kimco Realty Corporation AGM 1g For Agenda item : Elect Director Valerie Richardson. 30 Apr 19 Kimco Realty Corporation AGM 1h For Agenda item : Elect Director Richard B. Saltzman. 30 Apr 19 Kimco Realty Corporation AGM 2 For Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. 30 Apr 19 Kimco Realty Corporation AGM 3 Opposed Agenda item : Ratify PricewaterhouseCoopers LLP as Auditor. UBS note : The tenure of auditor used by the company exceeds 20 years. 30 Apr 19 LSL Property Services Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 30 Apr 19 LSL Property Services Plc AGM 2 For Agenda item : Approve Remuneration Report. 30 Apr 19 LSL Property Services Plc AGM 3 For Agenda item : Approve Final Dividend. 30 Apr 19 LSL Property Services Plc AGM 4 For Agenda item : Re-elect Helen Buck as Director. 30 Apr 19 LSL Property Services Plc AGM 5 For Agenda item : Re-elect Adam Castleton as Director. 30 Apr 19 LSL Property Services Plc AGM 6 For Agenda item : Re-elect Ian Crabb as Director. 30 Apr 19 LSL Property Services Plc AGM 7 For Agenda item : Re-elect Simon Embley as Director. 30 Apr 19 LSL Property Services Plc AGM 8 For Agenda item : Elect Darrell Evans as Director. 30 Apr 19 LSL Property Services Plc AGM 9 For Agenda item : Re-elect Bill Shannon as Director. 30 Apr 19 LSL Property Services Plc AGM 10 For Agenda item : Re-elect David Stewart as Director. 30 Apr 19 LSL Property Services Plc AGM 11 For Agenda item : Reappoint Ernst & Young LLP as Auditors.

163 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 30 Apr 19 LSL Property Services Plc AGM 12 For Agenda item : Authorise Board to Fix Remuneration of Auditors. 30 Apr 19 LSL Property Services Plc AGM 13 For Agenda item : Authorise Issue of Equity. 30 Apr 19 LSL Property Services Plc AGM 14 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 30 Apr 19 LSL Property Services Plc AGM 15 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 30 Apr 19 LSL Property Services Plc AGM 16 For Agenda item : Authorise Market Purchase of Ordinary Shares. 30 Apr 19 LSL Property Services Plc AGM 17 For Agenda item : Authorise EU Political Donations and Expenditure. 30 Apr 19 LSL Property Services Plc AGM 18 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 30 Apr 19 Lifestyle International Holdings Ltd. AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 30 Apr 19 Lifestyle International Holdings Ltd. AGM 2 For Agenda item : Approve Final Dividend. 30 Apr 19 Lifestyle International Holdings Ltd. AGM 3a For Agenda item : Elect Lau Kam Shim as Director. 30 Apr 19 Lifestyle International Holdings Ltd. AGM 3b Opposed Agenda item : Elect Lam Siu Lun, Simon as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 30 Apr 19 Lifestyle International Holdings Ltd. AGM 3c Opposed Agenda item : Elect Hui Chiu Chung as Director. UBS note : We will not support the election of non-independent non-executive directors when when less than 1/3 of the Board is independent. 30 Apr 19 Lifestyle International Holdings Ltd. AGM 3d For Agenda item : Authorise Board to Fix Remuneration of Directors. 30 Apr 19 Lifestyle International Holdings Ltd. AGM 4 For Agenda item : Approve Deloitte Touche Tohmatsu as Auditors and Authorise Board to Fix Their Remuneration. 30 Apr 19 Lifestyle International Holdings Ltd. AGM 5A For Agenda item : Authorise Repurchase of Issued Share Capital. 30 Apr 19 Lifestyle International Holdings Ltd. AGM 5B Opposed Agenda item : Approve Issuance of Equity or Equity-Linked Securities without Pre-emptive Rights. UBS note : We will not support routine authorities to issue shares without pre-emption rights exceeding 10% of the issued share capital as this is potentially overly dilutive for existing shareholders. 30 Apr 19 Lifestyle International Holdings Ltd. AGM 5C Opposed Agenda item : Authorise Reissuance of Repurchased Shares. UBS note : We will not support routine authorities to issue shares without

UBS Asset Management 164 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments pre-emption rights exceeding 10% of the issued share capital as this is potentially overly dilutive for existing shareholders. 30 Apr 19 Lifestyle International Holdings Ltd. AGM 6 For Agenda item : Amend Articles of Association. 30 Apr 19 PACCAR Inc AGM 1.1 For Agenda item : Elect Director Mark C. Pigott. 30 Apr 19 PACCAR Inc AGM 1.10 For Agenda item : Elect Director Gregory M. E. Spierkel. 30 Apr 19 PACCAR Inc AGM 1.11 Opposed Agenda item : Elect Director Charles R. Williamson. UBS note : We expect the Lead Director to be independent. 30 Apr 19 PACCAR Inc AGM 1.2 For Agenda item : Elect Director Ronald E. Armstrong. 30 Apr 19 PACCAR Inc AGM 1.3 For Agenda item : Elect Director Dame Alison J. Carnwath. 30 Apr 19 PACCAR Inc AGM 1.4 For Agenda item : Elect Director Franklin L. Feder. 30 Apr 19 PACCAR Inc AGM 1.5 For Agenda item : Elect Director Beth E. Ford. 30 Apr 19 PACCAR Inc AGM 1.6 For Agenda item : Elect Director Kirk S. Hachigian. 30 Apr 19 PACCAR Inc AGM 1.7 For Agenda item : Elect Director Roderick C. McGeary. 30 Apr 19 PACCAR Inc AGM 1.8 For Agenda item : Elect Director John M. Pigott. 30 Apr 19 PACCAR Inc AGM 1.9 For Agenda item : Elect Director Mark A. Schulz. 30 Apr 19 PACCAR Inc AGM 2 For Agenda item : Provide Right to Act by Written Consent. UBS note : We support resolutions that require the right to act by written consent, should they not be too restrictive and are in line with market practice. 30 Apr 19 Prada SpA AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 30 Apr 19 Prada SpA AGM 2 For Agenda item : Approve Allocation of Income. 30 Apr 19 Prada SpA AGM 3 For Agenda item : Approve Auditors and Authorise Board to Fix Their Remuneration. 30 Apr 19 Saipem SpA AGM 1a For Agenda item : Accept Financial Statements and Statutory Reports. 30 Apr 19 Saipem SpA AGM 1b For Agenda item : Approve Treatment of Net Loss. 30 Apr 19 Saipem SpA AGM 2 For Agenda item : Elect Pierfrancesco Latini as Director. 30 Apr 19 Saipem SpA AGM 3 For Agenda item : Integrate Remuneration of External Auditors. 30 Apr 19 Saipem SpA AGM 4 For Agenda item : Approve Remuneration Policy. 30 Apr 19 Saipem SpA AGM 5 For Agenda item : Approve Long-Term Incentive Plan. 30 Apr 19 Saipem SpA AGM 6 For Agenda item : Authorise Share Repurchase Program and Reissuance of

165 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments Repurchased Shares to Service 2019-2021 Long Term Incentive Plan for the 2019 Allocation. 30 Apr 19 Saipem SpA AGM 7 For Agenda item : Approve Equity Plan Financing to Service 2019-2021 Long Term Incentive Plan for the 2019 Allocation. 30 Apr 19 Saipem SpA AGM 8 For Agenda item : Authorise Interruption of the Limitation Period of Liability Action Against Umberto Vergine. 30 Apr 19 Saipem SpA AGM A Abstain Agenda item : Deliberations on Possible Legal Action Against Directors if Presented by Shareholders. 30 Apr 19 Shufersal Ltd. EGM 1 For Agenda item : Re-elect Eldad Avraham as External Director. 30 Apr 19 Shufersal Ltd. EGM A Opposed Agenda item : Vote FOR if you are a controlling shareholder or have a personal interest in one or several resolutions, as indicated in the proxy card; otherwise, vote AGAINST. You may not abstain. If you vote FOR, please provide an explanation to your account manager. 30 Apr 19 Shufersal Ltd. EGM B1 Opposed Agenda item : If you are an Interest Holder as defined in Section 1 of the Securities Law, 1968, vote FOR. Otherwise, vote against. 30 Apr 19 Shufersal Ltd. EGM B2 Opposed Agenda item : If you are a Senior Officer as defined in Section 37(D) of the Securities Law, 1968, vote FOR. Otherwise, vote against. 30 Apr 19 Shufersal Ltd. EGM B3 For Agenda item : If you are an Institutional Investor as defined in Regulation 1 of the Supervision Financial Services Regulations 2009 or a Manager of a Joint Investment Trust Fund as defined in the Joint Investment Trust Law, 1994, vote FOR. Otherwise, vote against. 30 Apr 19 StarHub Ltd. AGM 1 For Agenda item : Adopt Financial Statements and Directors' and Auditors' Reports. 30 Apr 19 StarHub Ltd. AGM 2 For Agenda item : Elect Nayantara Bali as Director. 30 Apr 19 StarHub Ltd. AGM 3 For Agenda item : Elect Ng Shin Ein as Director. 30 Apr 19 StarHub Ltd. AGM 4 For Agenda item : Elect Lionel Yeo Hung Tong as Director. 30 Apr 19 StarHub Ltd. AGM 5 For Agenda item : Elect Ma Kah Woh as Director. 30 Apr 19 StarHub Ltd. AGM 6 Opposed Agenda item : Elect Lim Ming Seong as Director. UBS note : We will not support the election of non-independent,

UBS Asset Management 166 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments non-executive directors should the Audit Committee not comprise of 2/3 independent directors. 30 Apr 19 StarHub Ltd. AGM 7 For Agenda item : Approve Remuneration of Directors. 30 Apr 19 StarHub Ltd. AGM 8 For Agenda item : Approve Final Dividend. 30 Apr 19 StarHub Ltd. AGM 9 For Agenda item : Approve KPMG LLP as Auditors and Authorise Board to Fix Their Remuneration. 30 Apr 19 StarHub Ltd. AGM 10 Opposed Agenda item : Approve Issuance of Equity or Equity-Linked Securities with or without Pre-emptive Rights. UBS note : We will not support routine authorities to issue shares with pre-emption rights exceeding 1/3 of the issued share capital as they are potentially overly dilutive and therefore not in the interest of existing shareholders. 30 Apr 19 StarHub Ltd. AGM 11 Opposed Agenda item : Approve Grant of Awards and Issuance of Shares Under the StarHub Performance Share Plan 2014 and/or the StarHub Restricted Stock Plan 2014. UBS note : The quantum of shares issuable to satisfy awards under the plan is overly dilutive for current shareholders. 30 Apr 19 StarHub Ltd. EGM 1 For Agenda item : Authorise Share Repurchase Program. 30 Apr 19 StarHub Ltd. EGM 2 For Agenda item : Approve Renewal of Shareholders Mandate for Interested Person Transactions. 30 Apr 19 Swiss Life Holding AG AGM 1.1 For Agenda item : Accept Financial Statements and Statutory Reports. 30 Apr 19 Swiss Life Holding AG AGM 1.2 For Agenda item : Approve Remuneration Report. 30 Apr 19 Swiss Life Holding AG AGM 2.1 For Agenda item : Approve Allocation of Income and Dividends of CHF 14 per Share. 30 Apr 19 Swiss Life Holding AG AGM 2.2 For Agenda item : Approve Dividends of CHF 2.50 per Share from Capital Contribution Reserves. 30 Apr 19 Swiss Life Holding AG AGM 3 For Agenda item : Approve Discharge of Board of Directors. 30 Apr 19 Swiss Life Holding AG AGM 4.1 For Agenda item : Approve Fixed Remuneration of Directors in the Amount of CHF 3.2 Million.

167 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 30 Apr 19 Swiss Life Holding AG AGM 4.2 For Agenda item : Approve Short-Term Variable Remuneration of Executive Committee in the Amount of CHF 4.7 Million. 30 Apr 19 Swiss Life Holding AG AGM 4.3 For Agenda item : Approve Maximum Fixed and Long-Term Variable Remuneration of Executive Committee in the Amount of CHF 13.8 Million. 30 Apr 19 Swiss Life Holding AG AGM 5.1 For Agenda item : Re-elect Rolf Doerig as Director and Board Chairman. 30 Apr 19 Swiss Life Holding AG AGM 5.10 For Agenda item : Re-elect Franziska Sauber as Director. 30 Apr 19 Swiss Life Holding AG AGM 5.11 For Agenda item : Re-elect Klaus Tschuetscher as Director. 30 Apr 19 Swiss Life Holding AG AGM 5.12 For Agenda item : Elect Thomas Buess as Director. 30 Apr 19 Swiss Life Holding AG AGM 5.13 For Agenda item : Reappoint Frank Schnewlin as Member of the Compensation Committee. 30 Apr 19 Swiss Life Holding AG AGM 5.14 For Agenda item : Reappoint Franziska Sauber as Member of the Compensation Committee. 30 Apr 19 Swiss Life Holding AG AGM 5.15 For Agenda item : Appoint Klaus Tschuetscher as Member of the Compensation Committee. 30 Apr 19 Swiss Life Holding AG AGM 5.2 For Agenda item : Re-elect Adrienne Corboud Fumagalli as Director. 30 Apr 19 Swiss Life Holding AG AGM 5.3 For Agenda item : Re-elect Ueli Dietiker as Director. 30 Apr 19 Swiss Life Holding AG AGM 5.4 For Agenda item : Re-elect Damir Filipovic as Director. 30 Apr 19 Swiss Life Holding AG AGM 5.5 For Agenda item : Re-elect Frank Keuper as Director. 30 Apr 19 Swiss Life Holding AG AGM 5.6 For Agenda item : Re-elect Stefan Loacker as Director. 30 Apr 19 Swiss Life Holding AG AGM 5.7 For Agenda item : Re-elect Henry Peter as Director. 30 Apr 19 Swiss Life Holding AG AGM 5.8 For Agenda item : Re-elect Martin Schmid as Director. 30 Apr 19 Swiss Life Holding AG AGM 5.9 For Agenda item : Re-elect Frank Schnewlin as Director. 30 Apr 19 Swiss Life Holding AG AGM 6 For Agenda item : Designate Andreas Zuercher as Independent Proxy. 30 Apr 19 Swiss Life Holding AG AGM 7 For Agenda item : Ratify PricewaterhouseCoopers AG as Auditors. 30 Apr 19 Swiss Life Holding AG AGM 8 For Agenda item : Approve CHF 3.2 Million Reduction in Share Capital via Cancellation of Repurchased Shares. 30 Apr 19 Swiss Life Holding AG AGM 9 Abstain Agenda item : Transact Other Business (Voting). UBS note : We will not support any unspecified items included in the agenda of the general meeting of shareholders.

UBS Asset Management 168 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 30 Apr 19 The Weir Group Plc AGM 1 For Agenda item : Accept Financial Statements and Statutory Reports. 30 Apr 19 The Weir Group Plc AGM 2 For Agenda item : Approve Final Dividend. 30 Apr 19 The Weir Group Plc AGM 3 For Agenda item : Approve Remuneration Report. 30 Apr 19 The Weir Group Plc AGM 4 For Agenda item : Amend Share Reward Plan and All-Employee Share Ownership Plan. 30 Apr 19 The Weir Group Plc AGM 5 For Agenda item : Elect Engelbert Haan as Director. 30 Apr 19 The Weir Group Plc AGM 6 For Agenda item : Elect Cal Collins as Director. 30 Apr 19 The Weir Group Plc AGM 7 For Agenda item : Re-elect Clare Chapman as Director. 30 Apr 19 The Weir Group Plc AGM 8 For Agenda item : Re-elect Barbara Jeremiah as Director. 30 Apr 19 The Weir Group Plc AGM 9 For Agenda item : Re-elect Stephen Young as Director. 30 Apr 19 The Weir Group Plc AGM 10 For Agenda item : Re-elect Charles Berry as Director. 30 Apr 19 The Weir Group Plc AGM 11 For Agenda item : Re-elect Jon Stanton as Director. 30 Apr 19 The Weir Group Plc AGM 12 For Agenda item : Re-elect John Heasley as Director. 30 Apr 19 The Weir Group Plc AGM 13 For Agenda item : Re-elect Mary Jo Jacobi as Director. 30 Apr 19 The Weir Group Plc AGM 14 For Agenda item : Re-elect Sir Jim McDonald as Director. 30 Apr 19 The Weir Group Plc AGM 15 Opposed Agenda item : Re-elect Richard Menell as Director. UBS note : We expect the Lead Director to be independent. 30 Apr 19 The Weir Group Plc AGM 16 For Agenda item : Reappoint PricewaterhouseCoopers LLP as Auditors. 30 Apr 19 The Weir Group Plc AGM 17 For Agenda item : Authorise the Audit Committee to Fix Remuneration of Auditors. 30 Apr 19 The Weir Group Plc AGM 18 For Agenda item : Authorise Issue of Equity. 30 Apr 19 The Weir Group Plc AGM 19 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights. 30 Apr 19 The Weir Group Plc AGM 20 For Agenda item : Authorise Issue of Equity without Pre-emptive Rights in Connection with an Acquisition or Other Capital Investment. 30 Apr 19 The Weir Group Plc AGM 21 For Agenda item : Authorise Market Purchase of Ordinary Shares. 30 Apr 19 The Weir Group Plc AGM 22 For Agenda item : Authorise the Company to Call General Meeting with Two Weeks' Notice. 30 Apr 19 VERBUND AG AGM 2 Do Not Vote Agenda item : Approve Allocation of Income and Dividends of EUR 0.42 per Share.

169 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 30 Apr 19 VERBUND AG AGM 3 Do Not Vote Agenda item : Approve Discharge of Management Board for Fiscal 2018. 30 Apr 19 VERBUND AG AGM 4 Do Not Vote Agenda item : Approve Discharge of Supervisory Board for Fiscal 2018. 30 Apr 19 VERBUND AG AGM 5 Do Not Vote Agenda item : Ratify Deloitte Audit Wirtschaftspruefungs GmbH as Auditors for Fiscal 2019. 30 Apr 19 VERBUND AG AGM 6.1 Do Not Vote Agenda item : Elect Thomas Schmid as Supervisory Board Member. 30 Apr 19 VERBUND AG AGM 6.2 Do Not Vote Agenda item : Elect Martin Ohneberg as Supervisory Board Member. 30 Apr 19 Valero Energy Corporation AGM 1A For Agenda item : Elect Director H. Paulett Eberhart. 30 Apr 19 Valero Energy Corporation AGM 1B Opposed Agenda item : Elect Director Joseph W. Gorder. UBS note : We believe there should be an appropriate counterbalance when the positions of CEO and Chair are combined. 30 Apr 19 Valero Energy Corporation AGM 1C For Agenda item : Elect Director Kimberly S. Greene. 30 Apr 19 Valero Energy Corporation AGM 1D For Agenda item : Elect Director Deborah P. Majoras. 30 Apr 19 Valero Energy Corporation AGM 1E For Agenda item : Elect Director Donald L. Nickles. 30 Apr 19 Valero Energy Corporation AGM 1F For Agenda item : Elect Director Philip J. Pfeiffer. 30 Apr 19 Valero Energy Corporation AGM 1G Opposed Agenda item : Elect Director Robert A. Profusek. UBS note : We expect the Lead Director to be independent. 30 Apr 19 Valero Energy Corporation AGM 1H For Agenda item : Elect Director Stephen M. Waters. 30 Apr 19 Valero Energy Corporation AGM 1I For Agenda item : Elect Director Randall J. Weisenburger. 30 Apr 19 Valero Energy Corporation AGM 1J For Agenda item : Elect Director Rayford Wilkins, Jr. 30 Apr 19 Valero Energy Corporation AGM 2 For Agenda item : Ratify KPMG LLP as Auditors. 30 Apr 19 Valero Energy Corporation AGM 3 Opposed Agenda item : Advisory Vote to Ratify Named Executive Officers' Compensation. UBS note : Pay frameworks where long-term incentive plans have a performance period of less than three years do not provide adequate alignment with shareholders' long-term interests. 30 Apr 19 Worldline SA Annual/Special 1 For Agenda item : Approve Financial Statements and Statutory Reports. 30 Apr 19 Worldline SA Annual/Special 2 For Agenda item : Approve Consolidated Financial Statements and Statutory Reports. 30 Apr 19 Worldline SA Annual/Special 3 For Agenda item : Approve Treatment of Losses.

UBS Asset Management 170 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 30 Apr 19 Worldline SA Annual/Special 4 Opposed Agenda item : Approve Defined Benefit Scheme and Compensatory Allowance of Gilles Grapinet, CEO. UBS note : We will not support golden parachute/termination payments where the cap is not in line with best market practice. 30 Apr 19 Worldline SA Annual/Special 5 For Agenda item : Approve Suspension Agreement Within Employment Contract of Marc-Henri Desportes, Vice-CEO. 30 Apr 19 Worldline SA Annual/Special 6 For Agenda item : Approve Transfer Agreement With Gilles Grapinet, Vice-CEO. 30 Apr 19 Worldline SA Annual/Special 7 For Agenda item : Approve Health Insurance Coverage Agreement with Gilles Grapinet, Vice-CEO. 30 Apr 19 Worldline SA Annual/Special 8 For Agenda item : Approve Amendment of Transaction with SIX Group AG. 30 Apr 19 Worldline SA Annual/Special 9 For Agenda item : Approve Global Transaction of Alliance with Atos SE. 30 Apr 19 Worldline SA Annual/Special 10 For Agenda item : Approve Remuneration of Directors in the Aggregate Amount of EUR 600,000. 30 Apr 19 Worldline SA Annual/Special 11 For Agenda item : Elect Georges Pauget as Director. 30 Apr 19 Worldline SA Annual/Special 12 For Agenda item : Elect Mette Kamsvag as Director. 30 Apr 19 Worldline SA Annual/Special 13 For Agenda item : Elect Lorenz von Habsburg Lothringen as Director. 30 Apr 19 Worldline SA Annual/Special 14 For Agenda item : Re-elect Ursula Morgenstern as Director. 30 Apr 19 Worldline SA Annual/Special 15 For Agenda item : Re-elect Luc Remont as Director. 30 Apr 19 Worldline SA Annual/Special 16 For Agenda item : Re-elect Susan M Tolson as Director. 30 Apr 19 Worldline SA Annual/Special 17 Opposed Agenda item : Approve Compensation of Gilles Grapinet, CEO. UBS note : Pay frameworks where long-term incentive plans have a performance period of less than three years do not provide adequate alignment with shareholders' long-term interests. 30 Apr 19 Worldline SA Annual/Special 18 Opposed Agenda item : Approve Compensation of Marc-Henri Desportes, Vice-CEO. UBS note : Pay frameworks where long-term incentive plans have a performance period of less than three years do not provide adequate alignment with shareholders' long-term interests. 30 Apr 19 Worldline SA Annual/Special 19 Opposed Agenda item : Approve Remuneration Policy of Gilles Grapinet, CEO. UBS note : Pay frameworks where long-term incentive plans have a

171 UBS Asset Management Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments performance period of less than three years do not provide adequate alignment with shareholders' long-term interests. 30 Apr 19 Worldline SA Annual/Special 20 Opposed Agenda item : Approve Remuneration Policy of Marc-Henri Desportes, Vice-CEO. UBS note : Pay frameworks where long-term incentive plans have a performance period of less than three years do not provide adequate alignment with shareholders' long-term interests. 30 Apr 19 Worldline SA Annual/Special 21 For Agenda item : Authorise Repurchase of Up to 10 Percent of Issued Share Capital. 30 Apr 19 Worldline SA Annual/Special 22 For Agenda item : Authorise Decrease in Share Capital via Cancellation of Repurchased Shares. 30 Apr 19 Worldline SA Annual/Special 23 For Agenda item : Authorise Capital Issuances for Use in Employee Stock Purchase Plans. 30 Apr 19 Worldline SA Annual/Special 24 Opposed Agenda item : Authorise up to 0.7 Percent of Issued Capital for Use in Stock Option Plans. UBS note : The proposed Plan does not provide a sufficiently strong link between awards and shareholder long-term interest. 30 Apr 19 Worldline SA Annual/Special 25 Opposed Agenda item : Authorise up to 0.37 Percent of Issued Capital for Use in Restricted Stock Plans. UBS note : The proposed plan does not provide a sufficiently strong link between awards and shareholder long-term interest. 30 Apr 19 Worldline SA Annual/Special 26 Opposed Agenda item : Amend Article 13 of Bylaws Re: Increase Maximum Number of Directors. UBS note : The size of the Board is not proportioned to the Company's dimension and scope. 30 Apr 19 Worldline SA Annual/Special 27 For Agenda item : Amend Article 16 of Bylaws Re: Employee Representative. 30 Apr 19 Worldline SA Annual/Special 28 For Agenda item : Authorise Filing of Required Documents/Other Formalities. 30 Apr 19 innogy SE AGM 2 For Agenda item : Approve Allocation of Income and Dividends of EUR 1.40 per Share.

UBS Asset Management 172 Corporate governance - proxy voting from 21 Apr 19 to 30 Apr 19

Meeting Date Company (AGM/EGM) Resolution Vote cast Comments 30 Apr 19 innogy SE AGM 3 For Agenda item : Approve Discharge of Management Board for Fiscal 2018. 30 Apr 19 innogy SE AGM 4 For Agenda item : Approve Discharge of Supervisory Board for Fiscal 2018. 30 Apr 19 innogy SE AGM 5 For Agenda item : Ratify PricewaterhouseCoopers GmbH as Auditors for Fiscal 2019. 30 Apr 19 innogy SE AGM 6 For Agenda item : Ratify PricewaterhouseCoopers GmbH as Auditors for Half-Year and Quarterly Reports 2019. 30 Apr 19 innogy SE AGM 7 For Agenda item : Elect Stefan May to the Supervisory Board as Employee Representative. 30 Apr 19 innogy SE AGM 8 For Agenda item : Amend Affiliation Agreement with innogy Netze Deutschland GmbH.

Please note: This report only includes exception votes.

173 UBS Asset Management