DGAP-DD: UBS AG english



Notification concerning transactions by persons performing managerial
responsibilities pursuant to section 15a of the WpHG

Directors' Dealings notification transmitted by DGAP - a company of EquityStory AG.
The person with duty of notification is solely responsible for the content of this announcement.
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Details of the person subject to the disclosure requirement
Last name: Bertarelli
First name: Ernesto
Company: Bemido S. A.

Position: Member of an administrative or supervisory body

Information about the transaction with duty of notification

Description of the financial instrument: UBS AG Registered Shares
ISIN/WKN of the financial instrument: CH0024899483
Type of transaction: Purchase
Date: 24.12.2008
Price: 0.0
Currency: CHF
No. of items: 0.0
Total amount traded: 262500
Place: SWX Europe

Explanation for publication:

The member of BoD decided to obtain as part of the remuneration, in
addition to the fixed assigned shares, UBS shares for the amount of CHF
262'500.00. These shares will allocated after fixing of price at the end of
February 2009.

Information about the company with duty of publication

Issuer: UBS AG
Bahnhofstrasse 45
8001 Zürich
Schweiz
ISIN: CH0024899483
WKN: UB0BL6


End of Directors' Dealings Notification (c) DGAP 29.12.2008 

Financial News transmitted by DGAP
ID 8660