UBS Announces Redemption of Seven ETRACS ETNs

UBS Announces Redemption of Seven ETRACS ETNs

NEW YORK--(BUSINESS WIRE)-- UBS AG announced today that it will redeem all of the outstanding securities in each of the series set forth in the following table (collectively, the "Affected Securities"):

Terms used but not defined herein shall have the meanings ascribed to such terms in the Affected Securities.

The Call Settlement Date for the Affected Securities shall be June 6, 2013.

With respect to each series of Affected Securities, the amount payable on the Call Settlement Date will be calculated as specified in each of the Affected Securities. UBS AG will pay investors holding Affected Securities as of 5:00 p.m., New York time, on June 6, 2013, the applicable call settlement amount.

About ETRACS

For further information about ETRACS ETNs, go to http://www.etracs.com.

ETRACS, are exchange-traded notes (ETNs), an innovative class of investment products offering access to markets and strategies that may not be readily available to investors, and offer unique diversification opportunities in a number of different sectors. ETNs offer:

• Access to asset classes with historically low correlations to more traditional asset classes

• Convenience of an exchange-traded security

• Transparent exposure to a published index

ETRACS ETNs are senior unsecured notes issued by UBS AG, are traded on NYSE Arca, and can be bought and sold through a broker or financial advisor. An investment in ETRACS ETNs is subject to a number of risks, including the risk of loss of some or all of the investor's principal, and is subject to the creditworthiness of UBS AG. We urge you to read the more detailed explanation of risks described under "Risk Factors" in the prospectus supplement for the ETRACS ETN.

This material is issued by UBS AG or an affiliate thereof ("UBS"). Products and services mentioned in this publication may not be available for residents of certain jurisdictions. Past performance is not necessarily indicative of future results. Please consult the restrictions relating to the product or service in question for further information. Activities with respect to US securities are conducted through UBS Securities LLC, a US broker/dealer. Member of SIPC (http://www.sipc.org/).

The contents of any website referred to in this communication are not part of, or incorporated by reference in, this communication. UBS has filed a registration statement (including a prospectus, as supplemented by a prospectus supplement for the offerings of the ETRACS ETNs) with the Securities and Exchange Commission (the "SEC") for the offerings to which this communication relates. Before you invest, you should read these documents and any other documents that UBS has filed with the SEC for more complete information about UBS and the offering to which this communication relates. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you can request the prospectus and the applicable prospectus supplement by calling toll-free (+1-877-387-2275).

© UBS 2013. The key symbol, UBS and ETRACS are among the registered and unregistered trademarks of UBS. "ISE Solid State Drive Index™", "ISE Cloud Computing™ Total Return Index", "ISE™®" and "International Securities Exchange®" are trademarks of International Securities Exchange, LLC and have been licensed for use for certain purposes by UBS Securities LLC and its affiliates. The Dow Jones-UBS Commodity Indexes^SM are a joint product of DJI OPCO, LLC, a subsidiary of S&P Dow Jones Indices LLC, and UBS Securities LLC, and have been licensed for use. "Dow Jones®", "DJ", "UBS", "Dow Jones-UBS Commodity Index 2-4-6 Forward Blend Total Return^SM", "Dow Jones-UBS Commodity Index 2 Month Forward^SM", "Dow Jones-UBS Commodity Index 4 Month Forward^SM", "Dow Jones-UBS Commodity Index 6 Month Forward^SM", "Dow Jones-UBS Commodity Index^SM" and "DJ-UBS CI" are trademarks or service marks of Dow Jones Trademark Holdings, LLC and UBS AG, as the case may be. "UBS Bloomberg Constant Maturity Commodity Index" and "CMCI" are service marks of UBS and/or Bloomberg. Patent Pending. UBS assumes sole responsibility for this material, which has not been reviewed by Bloomberg. S&P is a registered trademark of Standard & Poor's Financial Services LLC. Other marks may be trademarks of their respective owners. All rights reserved.

Notes to Editors

About UBS

Headquartered in Zurich and Basel, Switzerland, UBS is a client-focused financial services firm that offers a combination of wealth management, asset management and investment banking services on a global and regional basis. By delivering a full range of advice, products and services to its private, corporate and institutional clients, UBS aims to generate sustainable earnings, create value for its shareholders, and become the choice of clients worldwide.

UBS is present in all major financial centers worldwide. It has offices in over 50 countries, with about 36% of its employees working in the Americas, 35% in Switzerland, 17% in the rest of Europe and 12% in Asia Pacific. UBS employs about 62,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

More information at the site of the bank: www.ubs.com

www.ubs.com/media

UBS AG
Media Enquiries
Megan Stinson, 212-713-1302
or
New York:
Judi Flynn-Echeverria, 917-902-9726

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