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					        UBS AG

Note 15 Provisions and contingent liabilities
a) Provisions

                                                                                        Operational                 Litigation and                                      Contingent                                     Total
                                                                                                        1                               2                                                                   3
CHF million                                                                                   risks             regulatory matters              Restructuring               claims                 Other          provisions
Balance at 31 March 2011                                                                           56                            666                       250                  110                  603                 1,685

Increase in provisions recognized in the income statement                                          19                            111                          0                    4                   44                  178

Release of provisions recognized in the income statement                                          (5)                            (19)                      (14)                 (16)                 (11)                  (49)

Provisions used in conformity with designated purpose                                             (7)                          (172)                       (20)                  (2)                                     (222)
Capitalized reinstatement costs                                                                     0                               0                         0                    0                                        (2)
Reclassifications                                                                                   0                               0                       (1)                  (2)                    1                   (2)
Foreign currency translation / Unwind of discount                                                 (3)                            (56)                      (18)                  (8)                 (19)                (105)
Balance at 30 June 2011                                                                            59                            530                       197                    97                 600                 1,483
                                                                                                                                                                  4
Increase in provisions recognized in the income statement                                          13                              74                      369                     0                    7                  464
Release of provisions recognized in the income statement                                          (2)                            (24)                       (2)                  (3)                 (68)                  (99)
Provisions used in conformity with designated purpose                                            (12)                          (115)                       (16)                  (5)                 (18)                (167)
Foreign currency translation / Unwind of discount                                                   2                              50                        14                    4                   13                    84
Balance at 30 September 2011                                                                       60                            515                       562                    94                 534                 1,766
1 Includes provisions for litigation resulting from security risks and transaction processing risks. 2 Includes litigation resulting from legal, liability and compliance risks. Additionally, includes a provision established in
connection with demands for repurchase of US mortgage loans sold or securitized by UBS as described in section c) of this note. 3 Includes reinstatement costs for leasehold improvements, provisions for onerous
lease contracts, provisions for employee benefits (service anniversaries and sabbatical leave) and other items. 4 Does not include impairment charges related to real estate restructuring. Refer to Note 17 "Changes
in organization" for more information on restructuring charges associated with our cost reduction program.




                                                                                                                                                                                        Third Quarter 2011 Report

				
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