UBS Mergers and Acquisitions Presentation Deck

Fair value adjustments on financial and non-financial assets and liabilities CET1 impact USD bn Fair value adjustments on financial assets and liabilities¹ Fair value adjustments on non-financial assets and liabilities Adjustment Loans and advances to customers Financial assets at fair value held for trading Financial assets at fair value not held for trading Provisions related to unfunded loan commitments Subtotal Real estate Capitalized software DTA/DTL adjustments Subtotal | Fair value adjustments on financial assets and liabilities Assets (5.9) (3.0) (1.0) (9.9) 1.0 (2.0) (0.1) (1.1) Liabilities Equity 3.1 3.1 (13.0) 1.0bn mark-downs on fair value assets not held for trading reflect our best estimate of certain unobservable or more complex portfolios in markets for potential strategic exit. (0.6) (0.6) Various fair value marks reflecting our preliminary best estimates which are subject to change once further analyses are performed and as additional information becomes available. These changes may be material. 5.9bn mark-downs on accrual assets. Around half of the 5.9bn discount stems from fixed rate products, in particular Swiss mortgages, which are expected to accrue back to par if the product is held to its maturity. Also includes wealth management loans, of which a portion is expected to accrue to par. 3.0bn mark-downs on fair value assets held for trading reflect our best estimate of the fair value of individual positions and valuation adjustments for a range of uncertainties including liquidity and model risks given the illiquid nature of some positions and structural complexities and consideration of the markets for potential strategic exit of certain positions. (0.5) Comments (13) -50% expected to accrue back to par if held to maturity (1) DTA/DTL adjustments are largely CET1 neutral Fair value adjustments on non-financial assets and liabilities 1.0bn mark-up of real estate properties held by Credit Suisse at cost, based on a preliminary valuation analysis performed for the most significant properties, referencing limited information provided by Credit Suisse. 2.0bn mark-down of capitalized software based on an initial scenario analysis, including high-level information about the components of capitalized software received from Credit Suisse by business division. Derecognition of DTAs for 0.1bn as well as derecognition and recognition of certain DTLs, resulting in a net 0.6bn decrease in liabilities. - 3.1bn increase in provisions reflecting our best estimate of the fair value of accrual-accounted unfunded loan commitments primarily in the relationship lending portfolio, which are required to be fair valued under IFRS 3 acquisition rules. For the portion retained, the initial mark is expected to accrete back into fee and commission income over the life of the loan commitment. UBS 1 Excludes fair value adjustments to debt issued as well as ECL allowances and provisions, which are covered in the "Other" category on slide 9 6

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