UBS Publishes Annual Report 2016

The Annual Report 2016 provides comprehensive and detailed information on the firm, its strategy, business, governance, financial performance and risk, treasury and capital management, as well as on the regulatory and operating environment for the financial year 2016. The report contains both audited and unaudited information. As part of ongoing efforts to further improve the value of our financial reports and to improve efficiency, we have reduced the page count in our 2016 Annual report by over 30% on the prior year, primarily by reducing duplicative information but also by making greater use of web based disclosures.

UBS net profit attributable to shareholders for 2016 was CHF 3.2 billion and diluted earnings per share were CHF 0.84. The 2016 results and the balance sheet in this report differ from those presented in the unaudited fourth quarter 2016 report published on 27 January 2017 as a result of an adjusting event after the reporting period. Provisions for litigation, regulatory and similar matters increased reflecting an agreement in principle to resolve the RMBS matter related to the National Credit Union Association. This adjustment reduced 2016 net profit attributable to shareholders by CHF 102 million, and basic and diluted earnings per share by CHF 0.03 and CHF 0.02, respectively.

UBS’s Annual Report 2016 and Compensation Report available at www.ubs.com/annualreporting