JND Legal Administration
SUPREME COURT OF THE STATE OF NEW YORK COUNTY OF NEW YORK
PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY. YOUR RIGHTS WILL BE AFFECTED BY THE ACTION AND THE PROPOSED SETTLEMENT.
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the Supreme Court of the State of New York, County of New York (the “Court”), of the pendency of the stockholder derivative action captioned Employees Retirement System for the City of Providence v. Rohner, et al., Index No. 651657/2022 (the “Action”).
YOU ARE ALSO NOTIFIED that the Parties have reached a proposed settlement of the Action (the “Settlement”), subject to the approval of the Court, as provided in a Stipulation and Agreement of Settlement, Compromise, and Release dated August 21,2025 (the “Stipulation”). Under the terms of the proposed Settlement, UBS will receive $115,000,000 (United States Dollars), together with any interest earned on the payment and less any deductions for attorneys' fees and expenses for Plaintiff's Counsel and any applicable taxes and tax expenses.
A more detailed description of the Settlement terms, as well as a description of the history of the Action and an explanation of stockholders' legal rights with respect to the Settlement, is provided in the full printed Notice of Pendency and Proposed Settlement of Stockholder Derivative Action (the “Notice”). The Notice and the Stipulation are publicly available on the “Investor Relations” section of UBS's website, https://www.ubs.com/global/en/investor-relations.html, and on Plaintiff's Counsel's website, www.blbglaw.com.
Absent further order of the Court, a hearing (the “Settlement Hearing”) will be held beforethe Honorable Andrea Masley on October 17, 2025, at 9:30 a.m., at the Supreme Court of the State of New York, County of New York, 60 Centre Street, Courtroom 242, New York, New York 10007. At the Settlement Hearing, the Court will, among other things: (i) determine whether Plaintiff and Plaintiff's Counsel have adequately represented the interests of the Company and its stockholders; (ii)determine whether the proposed Settlement on the terms and conditions provided for in the Stipulation is fair, reasonable, and adequate to the Company and its stockholders, and should be approved by the Court; (iii) determine whether a Judgment (substantially in the form attached as Exhibit D to the Stipulation) approving the Settlement, dismissing the Action with prejudice, and granting the Releases provided under the Stipulation should be entered; (iv)consider Plaintiff's Counsel's Fee and Expense Application, including any Service Award to Plaintiff; (v) consider any objections to the Settlement or the Fee and Expense Application; and (vi) consider any other matters that may properly be brought before the Court in connection with the Settlement.
The Settlement Hearing may be adjourned by the Court without further written notice to Company stockholders. In addition, the Court may decide to conduct the Settlement Hearing remotely by telephone or videoconference, or otherwise allow Current UBS Stockholders to appear at the hearing remotely by phone or video, without further written notice to Company stockholders. You should monitor the Court's docket and/or the website of Plaintiff's Counsel, www.blbglaw.com, for any change in date, time, or format of the hearing.
If you are a Current UBS Stockholder who or which continues to own shares of UBS common stock as of October 17, 2025, the date of the Settlement Hearing, you have the right to object to the proposed Settlement and/or the Fee and Expense Application, including Plaintiff's application for a Service Award, in writing, and you also have the right to appear at the Settlement Hearing. Any objections must be in writing and filed with the Clerk of the Court and delivered to Counsel for Plaintiff and Counsel for the Company such that they are received no later than September 26, 2025, in accordance with the instructions set forth in the Notice.
Please Note: Because the Action was brought as a derivative action, which means that the Action was brought by Plaintiff on behalf of and for the benefit of Credit Suisse, the cash recovery from the Settlement will go to UBS, as successor to Credit Suisse. Individual stockholders will not receive any direct payment from the Settlement. Also, please note that there is no proof of claim form for stockholders to submit in connection with this Settlement, and stockholders are not required to take any action in response to this notice.
DO NOT CALL OR WRITE THE COURT REGARDING THIS NOTICE
All questions regarding this notice and the Settlement should be made to Plaintiff's Counsel:
Jeroen van KwawegenBernstein Litowitz Berger & Grossmann LLP1251 Avenue of the AmericasNew York, NY 10020
Telephone:800-380-8496Email: settlements@blbglaw.com
BY ORDER OF THE COURT
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SOURCE JND Legal Administration
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