Epstein Secrets

st •7.212-7136181 Cristina Fernandez Ma)11 +1-212-713 3321 Darryl Genovesi Associate Analyst •1-212-713-4016 This report has been prepared by UBS Securities LLC ANALYST CERTIFICATION AND REQUIRED DISCLOSURES BEGIN ON PAGE 10. UBS does and seeks to do business with companies covered in its research reports.

anbaly different Manns United Kingdom and the rest al Europa Except as ~vise specned harem this mesenat is communicated by UBS larme.; a subsdary of OBS AG. to persons sno ae elgtle caneerpartiee P ~tame tisnes and N Only eveialne 10 tutte Semons The ~Nam Glonat hanen bowl net apery tO. and ShOLIO mol b

ty; Consent Judgment Cease & Desist, and Fines in varying amounts currently being paid to all 50 states. UBS Financial Services Inc. (together with UBS Securities LLC) agreed to pay a fine of 5150 million ($75 million to the NYAG and S75 million allocated to the remaining states). ML281837-MAXWELL Page 2 of 4 C

; Back Taxes Payment, Monetary Sanctions: 5380,000,000; $400,000,000 14. Date of Action: January 2011 Disposition: SIX Swiss Exchange Regulation OBS AG was fined for (i) publishing too late internally available information related to expected losses in the summer of 2007 and (2) breaching rules on t

4411414 0-10 Years 10. Yeats —%ot Fleet Avadatie to( Sale % of Installed Base Source. JETNET and UBS °striates Thls report has been prepared by UBS Securities LLC ANALYST CERTIFICATION AND REQUIRED DISCLOSURES BEGIN ON PAGE 10. IJBS does and seeks to do business with companies covered in its research reports.

ely ordeal results United Kingdom and the nest of Europe Except as 07ervele spewed herein. tin redone a communicated by UEI$ L anted a subsidiary of OBS AG. to persons an me algae counterpanes or prolostara clients a* is orgy available eo such persons Ile nionnation contained heron door not apply to. an