UBS UBS Group AG

The securities arbitration law firm of Klayman & Toskes, P.A., and the Carlo Law Offices, P.S.C., located in Puerto Rico, recently filed a securities arbitration claim with the Financial Industry Regulatory Authority (FINRA), against UBS Financial Services Incorporated of Puerto Rico and UBS Financial Services, Inc. (NYSE:UBS) (collectively "UBS") on behalf of an "unsophisticated" retiree. The securities arbitration claim alleges damages that were the result of FINRA sales practices violations, including unsuitable investment advice, that resulted in concentrated investments in UBS' proprietary closed-end bond funds due to UBS' failure to supervise its financial advisors.

The securities arbitration claim alleges that the Claimant is a retiree who lives on a fixed income which includes social security and the income from the retirement assets held with UBS. As a result of the UBS recommendations, 100% of the assets were invested in UBS Puerto Rico Family of Funds, Puerto Rico Fixed Income Funds I-IV. According to the most recent published prices for UBS' proprietary closed-end funds, the Net Asset Values (NAVs) for the UBS Puerto Rico Fixed Income Funds on April 15, 2015 are as follows: Puerto Rico Fixed Income Fund I NAV of $2.850, Puerto Rico Fixed Income Fund II NAV of $3.259, Puerto Rico Fixed Income Fund III NAV of $3.397 and Puerto Rico Fixed Income Fund IV NAV of $4.266. As a result of the "dramatic" decline in value, Claimant alleges losses in UBS' proprietary closed-end bond funds were the result of material misrepresentations and omission of facts that they were entitled to have disclosed to them.

The securities arbitration law firms of Klayman & Toskes, P.A., and Carlo Law Offices, P.S.C., are committed to the protection of Puerto Rico investor rights. It is our belief and conviction in the FINRA dispute resolution process and the legitimacy of Puerto Rico investor rights that governs our current investigations. The sole purpose of this release is to investigate, on behalf of our clients, the sales practices of UBS in connection with investment recommendations provided to their customers. Current and former customers of UBS who have information concerning UBS' sales practices related to investments in UBS proprietary closed-end bond funds and Puerto Rico municipal bonds are encouraged to contact Steven D. Toskes of Klayman & Toskes, P.A. or Lcdo. Osvaldo Carlo of Carlo Law Offices, at (787) 919-7325, or visit our website at www.sueubspuertorico.com.

About Klayman & Toskes

Klayman & Toskes, a leading securities and litigation law firm, practices exclusively in the field of securities arbitration and litigation, on behalf of retail and institutional investors. The firm represents investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.

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CONTACT: Klayman & Toskes, P.A.
         Steven D. Toskes, 787-919-7325
         stoskes@nasd-law.com
         www.nasd-law.com