UBS 2Q Net Profit Up 53% to CHF 1.2 Billion

Adjusted1 profit before tax CHF 1.6 billion

Diluted earnings per share CHF 0.32

Net profit attributable to shareholders up 73% to CHF 3.2 billion in 1H15

12.0% adjusted1 annualized return on tangible equity in 1H15

Industry-leading fully applied Basel III CET1 ratio up 70 bps to 14.4%

Fully applied Swiss SRB leverage ratio up 10 bps to 4.7%

53,000 hours volunteered by UBS staff in 1H15

Group service company subsidiary to be established in 3Q15

Regulatory News:

UBS (NYSE:UBS) (SWX:UBSN) delivered a robust second-quarter adjusted1 profit before tax of CHF 1,635 million despite continued market and economic uncertainty, again demonstrating its fundamental earnings power and the strength of its business model. Net profit attributable to UBS Group AG shareholders was CHF 1,209 million, up 53% compared with the second quarter of 2014, with diluted earnings per share of CHF 0.32.

“I am pleased with the quarter. We maintained our momentum despite ongoing market challenges, and establishing UBS Switzerland AG was another major milestone in enhancing resolvability. We remain focused on building on our early mover advantage with a clear strategy, while increasing effectiveness and efficiency, and further investing for profitable growth.”Sergio P. Ermotti, Group Chief Executive Officer

Business division highlights

Wealth Management delivered its best second-quarter result since 2009, with an adjusted1 profit before tax of CHF 769 million and robust net new money of CHF 8.4 billion excluding the effects of its balance sheet and capital optimization program. On a reported basis, net new money was CHF 1.8 billion.
Wealth Management Americas posted an adjusted1 profit before tax of USD 231 million, with operating income and financial advisor productivity at record levels.
Retail & Corporate had its best second quarter since 2010, with an adjusted1 profit before tax of CHF 414 million showing strong net new business volume growth for retail clients.
Global Asset Management reported an adjusted1 profit before tax of CHF 134 million and strong net new money of CHF 8.3 billion, excluding money market flows.
The Investment Bank reported an adjusted1profit before tax of CHF 617 million with the best second-quarter result in Equities since 2012. It achieved an adjusted1 return on attributed equity of 33.8% without increasing its risk profile.

Information in this release is presented for UBS Group AG on a consolidated basis unless otherwise specified. Key figures for UBS AG are included at the end of this release. Financial information for UBS AG does not differ materially from UBS Group AG. UBS AG will publish its consolidated quarterly financial statements in electronic form only on 31 July 2015. These will be made available at www.ubs.com/quarterlyreporting

Results by business division and Corporate Center CHF million Total operating income Total operating expenses

Operating profit / (loss)before tax

For the quarter ended 30.6.15 31.3.15

%change

30.6.15 31.3.15

%change

30.6.15 31.3.15

%change

Wealth Management 2,080 2,247 (7 ) 1,324 1,296 2 756 951 (21 ) Wealth Management Americas 1,823 1,801 1 1,631 1,548 5 191 253 (25 ) Retail & Corporate 952 979 (3 ) 555 552 1 397 427 (7 ) Global Asset Management 476 511 (7 ) 346 343 1 130 168 (23 ) Investment Bank 2,355 2,657 (11 ) 1,804 1,891 (5 ) 551 766 (28 ) Corporate Center 131 646 (80 ) 399 504 (21 ) (267 ) 142 of which: Services (41 ) 374 212 337 (37 ) (253 ) 37 of which: Group ALM 138 313 (56 ) 7 (4 ) 132 317 (58 ) of which: Non-core and Legacy Portfolio 35 (41 ) 180 171 5 (145 ) (212 ) (32 ) UBS 7,818 8,841 (12 ) 6,059 6,134 (1 ) 1,759 2,708 (35 )

Group, divisional and Corporate Center performance overview

Overall, UBS’s second quarter again demonstrated the resilience and diversification of its earnings, the strength of its business model, and the benefits of a strategy defined early and executed with discipline.

UBS Group reported a net profit attributable to shareholders of CHF 1,209 million, up 53% compared with the second quarter 2014, with diluted earnings per share of CHF 0.32. Group adjusted1 profit before tax was CHF 1,635 million, with positive contributions from all divisions and regions. Adjusted1 annualized return on tangible equity for the first six months of 2015 was 12.0%, above the 2015 target of around 10%.

The bank strengthened its leading capital position, with a fully applied Basel III CET1 capital ratio of 14.4% at the end of June, above the target of at least 13.0% and ahead of all other large global banks. Its fully applied Swiss SRB leverage ratio rose to 4.7% in the second quarter, as the Swiss SRB leverage ratio denominator (LRD, fully applied) decreased by CHF 33 billion partly reflecting a substantial reduction in Non-core and Legacy Portfolio assets. Since the third quarter of 2012, UBS has reduced the Non-core and Legacy Portfolio LRD from CHF 293 billion to CHF 70 billion.

The creation of UBS Group AG and UBS Switzerland AG were major milestones to improve the Group's resolvability, in response to the evolving regulatory environment. In June, some 2.7 million clients and approximately CHF 300 billion in assets, primarily from the Swiss Retail & Corporate and Wealth Management businesses, were transferred into UBS Switzerland AG. UBS is the first bank to complete this step in Switzerland. UBS has also implemented a more self-sufficient business and operating model for UBS Limited in the UK, and has submitted plans for the establishment of an intermediate holding company in the US. In the third quarter, UBS will establish a Group service company as a subsidiary of UBS Group AG, into which shared services and support functions of the Group will be transferred over the next several years. This will help ensure the bank can maintain the operational continuity of these critical services in case of resolution. All these measures will allow UBS to qualify for a rebate on the progressive buffer capital requirement applicable to Swiss systemically relevant banks, which should result in lower overall regulatory capital requirements for the Group.

UBS was honored to receive the Euromoney Award for Excellence for Best Global Wealth Manager and, for the fourth year running, Best Bank in Switzerland. In addition, Euromoney named UBS Investment Bank the Best Flow House in North America and Best Equity House in Western Europe, underlining the success of its client-centric model. UBS Neo, the firm’s cross-asset e-commerce platform, was named Best Platform at the annual Digital FX Awards hosted by Profit & Loss magazine.

Wealth Management delivered its best second-quarter result since 2009 with an adjusted1profit before tax of CHF 769 million. The business continued to generate high-quality earnings, with an increase in recurring income reflecting continued success in its strategic initiatives to grow loans and increase mandate penetration, as well as further pricing measures. Adjusted net new money was robust at CHF 8.4 billion, driven by inflows from all regions and segments, most notably its market-leading Asia Pacific franchise, as well as from Ultra High Net Worth clients. The balance sheet and capital optimization program implemented in the first half of 2015 led to net new money outflows of CHF 6.6 billion during the quarter. On a reported basis, net new money was CHF 1.8 billion.

Wealth Management Americas reported an adjusted1 profit before tax of USD 231 million. Total operating income and recurring net fees increased to record levels, and financial advisor productivity remained industry-leading, while pre-tax profit was affected by higher charges for provisions for litigation, regulatory and similar matters and other provisions. Net new money was slightly negative at USD 0.7 billion, reflecting seasonal outflows of approximately USD 3.9 billion associated with income tax payments.

Retail & Corporate posted its best second-quarter result since 2010, with an adjusted1profit before tax of CHF 414 million. The net new business volume growth for retail clients was particularly strong for a second quarter. Credit loss expenses were lower, while general and administrative expenses increased mainly due to higher charges for provisions in the Corporate & Institutional client business.

Global Asset Management recorded strong net new money of CHF 8.3 billion excluding money market flows, with net inflows from third-party clients more than doubling compared to the prior quarter. Adjusted1 profit before tax was CHF 134 million. The quarter saw an increase in net management fees mainly in traditional investments and global real estate, offset by a decline in performance fees in O’Connor and A&Q, in line with market developments in the alternative asset management sector.

The Investment Bank achieved a solid result with an adjusted1 profit before tax of CHF 617 million, following very strong results in the first quarter. Investor Client Services benefited from the best second-quarter result in Equities since UBS accelerated its strategy in 2012, and a solid performance in FX, rates and credit, despite lower client activity and after exceptionally high FX revenues in the first quarter. Corporate Client Solutions improved on the back of higher revenues mainly in debt and equity capital markets and advisory. The business maintained risk profile and allocated resource limits discipline and its results once again demonstrated the strength of its business model and client-centric approach. Adjusted1 return on attributed equity for the second quarter was 33.8%.

Corporate Center – Services recorded a loss before tax of CHF 253 million. Corporate Center – Group Asset and Liability Management reported a profit before tax of CHF 132 million. Corporate Center – Non-core and Legacy Portfolio recorded a loss before tax of CHF 145 million, achieving further progress in de-risking its balance sheet with RWA and the Swiss SRB leverage ratio denominator decreasing by CHF 4 billion and CHF 14 billion respectively.

UBS aims to create long-term value for its investors and clients, while making a positive contribution to the communities in which it operates. In June, for example, UBS launched a campaign to engage up to 50% of its Americas workforce in volunteering programs. To date, UBS Americas employees contributed around 20,000 hours of their time – approximately 70% of 2014's full-year total – volunteering across the Americas. Combined with the time volunteered by other UBS staff around the world, around 53,000 hours were logged in the first half of 2015 to support volunteering programs and give back to society.

Outlook

As in previous years, seasonal impacts are likely to affect revenues and profits in the third quarter. In addition, many of the underlying macroeconomic challenges and geopolitical issues that we have previously highlighted remain and are unlikely to be resolved in the foreseeable future. Despite ongoing and new challenges, we continue to be committed to the disciplined execution of our strategy in order to ensure the firm’s long-term success and to deliver sustainable returns for our shareholders.

__________________________

1 Please refer to the "Adjusted results" section at the end of this news release for information on adjusted results. UBS Group key figures As of or for the quarter ended As of or year-to-date CHF million, except where indicated 30.6.15 31.3.15 31.12.14 30.6.14 30.6.15 30.6.14 Group results Operating income 7,818 8,841 6,746 7,147 16,659 14,405 Operating expenses 6,059 6,134 6,342 5,929 12,193 11,794 Operating profit / (loss) before tax 1,759 2,708 404 1,218 4,467 2,611 Net profit / (loss) attributable to UBS Group AG shareholders 1,209 1,977 858 792 3,186 1,846 Diluted earnings per share (CHF) 1 0.32 0.53 0.23 0.21 0.85 0.48 Key performance indicators 2 Profitability Return on tangible equity (%) 11.0 17.8 8.0 7.5 14.4 8.8 Return on assets, gross (%) 3.1 3.4 2.6 2.9 3.2 2.9 Cost / income ratio (%) 77.4 69.2 93.2 82.8 73.1 82.0 Growth Net profit growth (%) (38.8 ) 130.4 12.6 (24.9 ) 72.6 10.0 Net new money growth for combined wealth management businesses (%) 3 1.5 3.8 1.7 1.9 2.6 2.4 Resources Common equity tier 1 capital ratio (fully applied, %) 4 14.4 13.7 13.4 13.5 14.4 13.5 Leverage ratio (phase-in, %) 5 5.4 5.6 5.4 5.3 5.4 5.3 Additional information Profitability Return on equity (RoE) (%) 9.4 15.4 6.8 6.4 12.4 7.6 Return on risk-weighted assets, gross (%) 6 14.5 16.1 12.3 12.5 15.3 12.5 Resources Total assets 950,168 1,048,850 1,062,478 982,605 950,168 982,605 Equity attributable to UBS Group AG shareholders 50,211 52,359 50,608 49,532 50,211 49,532 Common equity tier 1 capital (fully applied) 4 30,265 29,566 28,941 30,590 30,265 30,590 Common equity tier 1 capital (phase-in) 4 38,706 40,779 42,863 41,858 38,706 41,858 Risk-weighted assets (fully applied) 4 209,777 216,385 216,462 226,736 209,777 226,736 Risk-weighted assets (phase-in) 4 212,088 219,358 220,877 229,908 212,088 229,908 Common equity tier 1 capital ratio (phase-in, %) 4 18.2 18.6 19.4 18.2 18.2 18.2 Total capital ratio (fully applied, %) 4 21.2 20.6 18.9 18.1 21.2 18.1 Total capital ratio (phase-in, %) 4 25.0 25.9 25.5 23.9 25.0 23.9 Leverage ratio (fully applied, %) 5 4.7 4.6 4.1 4.2 4.7 4.2 Leverage ratio denominator (fully applied) 5 944,422 976,934 997,822 980,552 944,422 980,552 Leverage ratio denominator (phase-in) 5 949,134 982,249 1,004,869 986,577 949,134 986,577 Liquidity coverage ratio (%) 7 121 122 123 117 121 117 Other Invested assets (CHF billion) 8 2,628 2,708 2,734 2,507 2,628 2,507 Personnel (full-time equivalents) 59,648 60,113 60,155 60,087 59,648 60,087 Market capitalization 9 74,547 68,508 63,526 62,542 74,547 62,542 Total book value per share (CHF) 9 13.71 14.33 13.94 13.20 13.71 13.20 Tangible book value per share (CHF) 9 12.04 12.59 12.14 11.54 12.04 11.54

1 Refer to “Note 9 Earnings per share (EPS) and shares outstanding” in the “Financial information” section of the second quarter 2015 report for more information. 2 Refer to the “Measurement of performance” section of our Annual Report 2014 for the definitions of our key performance indicators. 3 Based on adjusted net new money which excludes the negative effect on net new money of CHF 6.6 billion in Wealth Management from our balance sheet and capital optimization program in the second quarter of 2015. 4 Based on the Basel III framework as applicable for Swiss systemically relevant banks (SRB). Refer to the “Capital management” section of the second quarter 2015 report for more information. 5 In accordance with Swiss SRB rules. Refer to the “Capital management” section of the second quarter 2015 report for more information. 6 Based on phase-in Basel III risk-weighted assets. 7 Refer to the “Liquidity and funding management” section of the second quarter 2015 report for more information. Data for periods prior to 31 March 2015 are on a pro-forma basis. 8 Includes invested assets for Retail & Corporate. 9 Refer to the “UBS shares” section of the second quarter 2015 report for more information.

Income statement

For the quarter ended % change from Year-to-date CHF million, except per share data 30.6.15 31.3.15 30.6.14 1Q15 2Q14 30.6.15 30.6.14 Interest income 3,409 3,172 3,337 7 2 6,581 6,528 Interest expense (1,918 ) (1,535 ) (2,095 ) 25 (8 ) (3,454 ) (3,714 ) Net interest income 1,490 1,637 1,242 (9 ) 20 3,127 2,814 Credit loss (expense) / recovery (13 ) (16 ) (14 ) (19 ) (7 ) (29 ) 14 Net interest income after credit loss expense 1,478 1,621 1,229 (9 ) 20 3,098 2,829 Net fee and commission income 4,409 4,401 4,296 0 3 8,810 8,408 Net trading income 1,647 2,135 1,347 (23 ) 22 3,781 2,704 Other income 285 685 276 (58 ) 3 970 465 Total operating income 7,818 8,841 7,147 (12 ) 9 16,659 14,405 Personnel expenses 4,124 4,172 3,842 (1 ) 7 8,297 7,809 General and administrative expenses 1,695 1,713 1,871 (1 ) (9 ) 3,408 3,550 Depreciation and impairment of property, equipment and software 209 221 197 (5 ) 6 429 396 Amortization and impairment of intangible assets 30 28 19 7 58 58 39 Total operating expenses 6,059 6,134 5,929 (1 ) 2 12,193 11,794 Operating profit / (loss) before tax 1,759 2,708 1,218 (35 ) 44 4,467 2,611 Tax expense / (benefit) 443 670 314 (34 ) 41 1,113 652 Net profit / (loss) 1,316 2,038 904 (35 ) 46 3,354 1,958 Net profit / (loss) attributable to preferred noteholders 111 111 Net profit / (loss) attributable to non-controlling interests 106 61 1 74 168 2 Net profit / (loss) attributable to UBS Group AG shareholders 1,209 1,977 792 (39 ) 53 3,186 1,846 Earnings per share (CHF) Basic 0.33 0.54 0.21 (39 ) 57 0.87 0.49 Diluted 0.32 0.53 0.21 (40 ) 52 0.85 0.48 Comparison UBS Group AG (consolidated) versus UBS AG (consolidated) As of or for the quarter ended 30.6.15 As of or for the quarter ended 31.3.15 As of or for the quarter ended 31.12.14 CHF million, except where indicated UBS Group AG (consolidated) UBS AG (consolidated) Difference(absolute) Difference(%) UBS Group AG(consolidated) UBS AG(consolidated) Difference(absolute) Difference(%) UBS Group AG(consolidated) UBS AG(consolidated) Difference(absolute) Difference(%) Income statement Operating income 7,818 7,784 34 0 8,841 8,860 (19 ) 0 6,746 6,745 1 0 Operating expenses 6,059 6,087 (28 ) 0 6,134 6,167 (33 ) (1 ) 6,342 6,333 10 0 Operating profit / (loss) before tax 1,759 1,698 61 4 2,708 2,693 15 1 404 412 (8 ) (2 ) Net profit / (loss) 1,316 1,255 61 5 2,038 2,023 15 1 919 927 (9 ) (1 )

of which: net profit /(loss) attributable toshareholders

1,209 1,178 31 3 1,977 2,023 (46 ) (2 ) 858 893 (36 ) (4 )

of which: net profit / (loss) attributable topreferred noteholders

0 76 (76 ) (100 ) 0 0 0 31 31 0 0

of which: net profit / (loss) attributable tonon-controlling interests

106 1 105 61 0 61 29 2 27 Balance sheet Total assets 950,168 951,528 (1,360 ) 0 1,048,850 1,050,122 (1,272 ) 0 1,062,478 1,062,327 151 0 Total liabilities 896,915 897,966 (1,051 ) 0 993,194 994,379 (1,185 ) 0 1,008,110 1,008,162 (52 ) 0 Total equity 53,253 53,562 (309 ) (1 ) 55,656 55,742 (86 ) 0 54,368 54,165 203 0

of which: equityattributable toshareholders

50,211 51,685 (1,474 ) (3 ) 52,359 53,815 (1,456 ) (3 ) 50,608 52,108 (1,500 ) (3 )

of which: equityattributable topreferred noteholders

0 1,840 (1,840 ) (100 ) 0 1,889 (1,889 ) (100 ) 0 2,013 (2,013 ) (100 )

of which: equityattributable to non-controlling interests

3,042 38 3,004 3,298 39 3,259 3,760 45 3,715 Capital information (fully applied)

Common equity tier 1capital

30,265 32,834 (2,569 ) (8 ) 29,566 31,725 (2,159 ) (7 ) 28,941 30,805 (1,864 ) (6 ) Additional tier 1 capital 3,777 0 3,777 3,949 0 3,949 467 0 467 Tier 2 capital 10,531 9,613 918 10 10,975 10,038 936 9 11,398 10,451 947 9 Total capital 44,573 42,447 2,126 5 44,490 41,763 2,727 7 40,806 41,257 (451 ) (1 ) Risk-weighted assets 209,777 210,400 (623 ) 0 216,385 216,893 (508 ) 0 216,462 217,158 (696 ) 0

Common equity tier 1capital ratio (%)

14.4 15.6 (1.2 ) 13.7 14.6 (0.9 ) 13.4 14.2 (0.8 ) Total capital ratio (%) 21.2 20.2 1.0 20.6 19.3 1.3 18.9 19.0 (0.1 )

Leverage ratiodenominator

944,422 946,457 (2,035 ) 0 976,934 978,709 (1,775 ) 0 997,822 999,124 (1,302 ) 0 Leverage ratio (%) 4.7 4.5 0.2 4.6 4.3 0.3 4.1 4.1 0.0 Share information

Shares issued(number of shares)

3,759,320,804 3,858,408,466 (99,087,662 ) (3 ) 3,739,518,390 3,844,560,913 (105,042,523 ) (3 ) 3,717,128,324 3,844,560,913 (127,432,589 ) (3 )

Shares outstanding(number of shares)

3,663,403,008 3,856,268,548 (192,865,540 ) (5 ) 3,654,259,506 3,835,846,436 (181,586,930 ) (5 ) 3,629,256,587 3,842,445,658 (213,189,071 ) (6 )

Diluted earnings per share(CHF)

0.32 0.31 0.01 3 0.53 0.53 0.00 0 0.23 0.23 0.00 0

Tangible book value per share(CHF)

12.04 11.78 0.26 2 12.59 12.33 0.26 2 12.14 11.80 0.34 3

Additional financial tables UBS Group AG

References in tables to notes in various sections of 'the' or 'this' report refer to notes contained in the Second Quarter 2015 Report, which will be published on 28 July 2015.

Adjusted results 1, 2 For the quarter ended 30.6.15 CHF million

WealthManage-ment

Wealth Manage-ment Americas

Retail &Corporate

GlobalAssetManage-ment

Invest-ment Bank

CC – Services 3

CC – GroupALM

CC – Non-core andLegacyPortfolio

UBS Operating income as reported 2,080 1,823 952 476 2,355 (41 ) 138 35 7,818

of which: own credit on financial liabilities designated atfair value 4

259 259

of which: gain on sale of the Belgian domestic WealthManagement business

56 56

of which: gain from a further partial sale of our investmentin Markit

11 11 Operating income (adjusted) 2,024 1,823 952 476 2,344 (41 ) (121 ) 35 7,492 Operating expenses as reported 1,324 1,631 555 346 1,804 212 7 180 6,059 of which: personnel-related restructuring charges 5 18 0 0 0 0 85 0 7 110 of which: non-personnel-related restructuring charges 5 10 0 0 0 1 70 0 0 81

of which: restructuring charges allocated from CC –Services to business divisions and other CC units 5

41 24 16 4 65 (155 ) 0 6 0 of which: impairment of an intangible asset 11 11 Operating expenses (adjusted) 1,255 1,607 538 342 1,727 212 7 167 5,857 Operating profit / (loss) before tax as reported 756 191 397 130 551 (253 ) 132 (145 ) 1,759 Operating profit / (loss) before tax (adjusted) 769 215 414 134 617 (253 ) (127 ) (132 ) 1,635 For the quarter ended 31.3.15 CHF million

WealthManage-ment

WealthManage-mentAmericas

Retail &Corporate

GlobalAssetManage-ment

InvestmentBank

CC –Services 3

CC –Group ALM

CC – Non-core andLegacyPortfolio

UBS Operating income as reported 2,247 1,801 979 511 2,657 374 313 (41 ) 8,841

of which: own credit on financial liabilities designated atfair value 4

226 226 of which: gains on sales of real estate 378 378 of which: gain on sale of a subsidiary 141 141 Operating income (adjusted) 2,106 1,801 979 511 2,657 (4 ) 87 (41 ) 8,096 Operating expenses as reported 1,296 1,548 552 343 1,891 337 (4 ) 171 6,134 of which: personnel-related restructuring charges 5 3 0 1 0 2 62 0 1 68 of which: non-personnel-related restructuring charges 5 5 0 0 0 2 230 0 0 237

of which: restructuring charges allocated from CC –Services to business divisions and other CC units 5

39 24 16 17 66 (173 ) 0 11 0 Operating expenses (adjusted) 1,250 1,524 536 325 1,821 218 (4 ) 160 5,829 Operating profit / (loss) before tax as reported 951 253 427 168 766 37 317 (212 ) 2,708 Operating profit / (loss) before tax (adjusted) 856 277 443 186 836 (222 ) 91 (201 ) 2,268

1 Adjusted results are non-GAAP financial measures as defined by SEC regulations. 2 Comparative figures in this table may differ from those originally published in quarterly and annual reports due to adjustments following organizational changes and restatements due to the retrospective adoption of new accounting standards or changes in accounting policies. 3 Corporate Center – Services operating expenses presented in this table are after service allocations to business divisions and Corporate Center units. 4 Refer to “Note 10 Fair value measurement” in the “Financial information” section of this report for more information. 5 Refer to ”Note 18 Changes in organization and disposals” in the “Financial information” section of the second quarter report for more information.

Adjusted results 1, 2 (continued)

For the quarter ended 30.6.14 CHF million

WealthManage-ment

WealthManage-mentAmericas

Retail &Corporate

GlobalAssetManage-ment

InvestmentBank

CC –Services 3

CC –Group ALM

CC – Non-core andLegacyPortfolio

UBS Operating income as reported 1,921 1,684 938 465 2,268 5 33 (168 ) 7,147

of which: own credit on financial liabilities designated atfair value 4

72 72 of which: gains on sales of real estate 1 1

of which: gain from the partial sale of our investment inMarkit

43 43 Operating income (adjusted) 1,921 1,684 938 465 2,225 4 (39 ) (168 ) 7,031 Operating expenses as reported 1,566 1,473 584 359 1,704 (5 ) 3 245 5,929 of which: personnel-related restructuring charges 5 3 0 2 0 (1 ) 24 0 0 28 of which: non-personnel-related restructuring charges 5 15 0 0 0 2 43 0 0 61

of which: restructuring charges allocated from CC –Services to business divisions and other CC units 5

19 7 11 2 26 (63 ) 0 (2 ) 0 Operating expenses (adjusted) 1,528 1,466 571 357 1,677 (9 ) 3 247 5,840 Operating profit / (loss) before tax as reported 355 211 354 105 564 10 31 (412 ) 1,218 Operating profit / (loss) before tax (adjusted) 393 218 367 107 548 13 (41 ) (414 ) 1,191

Adjusted results 1, 2 (continued) Year-to-date 30.6.15 CHF million

WealthManage-ment

WealthManage-mentAmericas

Retail &Corporate

GlobalAssetManage-ment

Invest-ment Bank

CC – Services 3

CC – GroupALM

CC – Non-core andLegacyPortfolio

UBS Operating income as reported 4,327 3,624 1,931 987 5,012 333 451 (6 ) 16,659

of which: own credit on financial liabilities designated atfair value 4

486 486 of which: gains on sales of real estate 378 378 of which: gain on sale of a subsidiary 141 141

of which: gain on sale of the Belgian domestic WealthManagement business

56 56

of which: gain from a further partial sale of our investmentin Markit

11 11 Operating income (adjusted) 4,130 3,624 1,931 987 5,001 (45 ) (35 ) (6 ) 15,587 Operating expenses as reported 2,621 3,179 1,106 688 3,695 549 2 351 12,193 of which: personnel-related restructuring charges 5 21 0 1 0 2 146 0 8 178 of which: non-personnel-related restructuring charges 5 14 0 0 0 3 300 0 0 318

of which: restructuring charges allocated from CC – Services to business divisions and other CC units 5

80 48 32 21 131 (328 ) 0 16 0 of which: impairment of an intangible asset 11 11 Operating expenses (adjusted) 2,506 3,131 1,073 666 3,548 431 2 327 11,686 Operating profit / (loss) before tax as reported 1,707 445 824 299 1,317 (217 ) 449 (357 ) 4,467 Operating profit / (loss) before tax (adjusted) 1,625 493 857 321 1,453 (477 ) (37 ) (333 ) 3,902 Year-to-date 30.6.14 CHF million

WealthManage-ment

WealthManage-mentAmericas

Retail &Corporate

GlobalAssetManage-ment

InvestmentBank

CC – Services 3

CC – Group ALM

CC – Non-core andLegacyPortfolio

UBS Operating income as reported 3,865 3,345 1,870 916 4,468 14 83 (156 ) 14,405

of which: own credit on financial liabilities designated atfair value 4

160 160 of which: gains on sales of real estate 24 24

of which: gain from the partial sale of our investment in Markit

43 43 Operating income (adjusted) 3,865 3,345 1,870 916 4,425 (10 ) (77 ) (156 ) 14,178 Operating expenses as reported 2,891 2,892 1,130 688 3,469 230 (5 ) 499 11,794 of which: personnel-related restructuring charges 5 13 0 2 0 62 84 0 0 161 of which: non-personnel-related restructuring charges 5 23 0 0 0 33 76 0 0 132

of which: restructuring charges allocated from CC – Services to business divisions and other CC units 5

42 18 25 6 56 (154 ) 0 7 0 Operating expenses (adjusted) 2,813 2,874 1,103 682 3,318 224 (5 ) 492 11,501 Operating profit / (loss) before tax as reported 974 453 740 228 999 (215 ) 88 (654 ) 2,611 Operating profit / (loss) before tax (adjusted) 1,052 471 767 234 1,107 (233 ) (72 ) (647 ) 2,677

Return on equity As of or for the quarter ended % change from Year-to-date CHF million, except where indicated 30.6.15 31.3.15 30.6.14 1Q15 2Q14 30.6.15 30.6.14 Net profit Net profit attributable to UBS Group AG shareholders 1,209 1,977 792 (39 ) 53 3,186 1,846 Amortization and impairment of intangible assets 30 28 19 7 58 58 39 Pre-tax adjustment items 1 (135 ) (440 ) (27 ) (69 ) 400 (576 ) 66 Tax effect on adjustment items 2 (22 ) 52 (8 ) 175 30 (47 ) Adjusted net profit attributable to UBS Group AG shareholders 3 1,082 1,617 776 (33 ) 39 2,698 1,904 Equity Equity attributable to UBS Group AG shareholders 50,211 52,359 49,532 (4 ) 1 50,211 49,532 Less: goodwill and intangible assets 4 6,101 6,342 6,229 (4 ) (2 ) 6,101 6,229 Tangible equity attributable to UBS Group AG shareholders 44,110 46,017 43,303 (4 ) 2 44,110 43,303 Return on equity Return on equity (%) 9.4 15.4 6.4 12.4 7.6 Return on tangible equity (%) 11.0 17.8 7.5 14.4 8.8 Adjusted return on tangible equity (%) 9.6 14.4 7.2 12.0 8.9

1 Refer to the table “Adjusted results” in this section for more information. 2 Generally reflects an indicative tax rate of 22% on pre-tax adjustment items, apart from own credit on financial liabilities designated at fair value, which has a lower indicative tax rate of 2%. 3 Net profit attributable to UBS Group AG shareholders excluding amortization and impairment of intangible assets, pre-tax adjustment items and tax effect on pre-tax adjustment items. 4 Goodwill and intangible assets used in the calculation of tangible equity attributable to UBS Group AG shareholders have been adjusted to reflect the non-controlling interests in UBS AG, where applicable.

Wealth Management 1 As of or for the quarter ended % change from Year-to-date CHF million, except where indicated 30.6.15 31.3.15 30.6.14 1Q15 2Q14 30.6.15 30.6.14 Net interest income 568 560 518 1 10 1,128 1,013 Recurring net fee income 976 949 922 3 6 1,925 1,819 Transaction-based income 459 589 472 (22 ) (3 ) 1,048 1,014 Other income 78 149 7 (48 ) 227 16 Income 2,081 2,246 1,919 (7 ) 8 4,327 3,862 Credit loss (expense) / recovery (1 ) 1 2 0 3 Total operating income 2,080 2,247 1,921 (7 ) 8 4,327 3,865 Personnel expenses 656 661 603 (1 ) 9 1,316 1,232 General and administrative expenses 134 111 425 21 (68 ) 245 614 Services (to) / from other business divisions and Corporate Center 533 521 536 2 (1 ) 1,055 1,040 of which: services from CC – Services 519 508 522 2 (1 ) 1,027 1,008 Depreciation and impairment of property, equipment and software 1 2 1 (50 ) 0 3 2 Amortization and impairment of intangible assets 1 1 1 0 0 2 3 Total operating expenses 2 1,324 1,296 1,566 2 (15 ) 2,621 2,891 Business division operating profit / (loss) before tax 756 951 355 (21 ) 113 1,707 974 Key performance indicators 3 Pre-tax profit growth (%) (20.5 ) 47.2 (42.6 ) 75.3 (20.2 ) Cost / income ratio (%) 63.6 57.7 81.6 60.6 74.9 Net new money growth (%) 4 3.5 5.8 4.8 4.6 4.9 Gross margin on invested assets (bps) 87 92 84 (5 ) 4 89 86 Net margin on invested assets (bps) 32 39 16 (18 ) 100 35 22 Additional information Recurring income 1,544 1,509 1,440 2 7 3,053 2,832 Recurring income as a % of income (%) 74.2 67.2 75.0 70.6 73.3 Average attributed equity (CHF billion) 5 3.4 3.6 3.4 (6 ) 0 3.5 3.4 Return on attributed equity (%) 88.9 105.7 41.8 97.5 57.3 Risk-weighted assets (fully applied, CHF billion) 6 25.8 25.7 22.1 0 17 25.8 22.1 Risk-weighted assets (phase-in, CHF billion) 6 25.8 26.0 22.6 (1 ) 14 25.8 22.6 Return on risk-weighted assets, gross (%) 7 32.1 34.7 34.6 33.4 35.3 Leverage ratio denominator (phase-in, CHF billion) 8 129.7 134.2 129.0 (3 ) 1 129.7 129.0 Goodwill and intangible assets (CHF billion) 1.3 1.3 1.3 0 0 1.3 1.3 Net new money (CHF billion) 1.8 14.4 10.7 16.1 21.6 Net new money adjusted (CHF billion) 9 8.4 14.4 10.7 22.7 21.6 Invested assets (CHF billion) 945 970 928 (3 ) 2 945 928 Client assets (CHF billion) 1,115 1,142 1,083 (2 ) 3 1,115 1,083 Loans, gross (CHF billion) 110.9 110.8 105.3 0 5 110.9 105.3 Due to customers (CHF billion) 173.2 188.4 187.5 (8 ) (8 ) 173.2 187.5 Personnel (full-time equivalents) 10,257 10,366 10,243 (1 ) 0 10,257 10,243 Client advisors (full-time equivalents) 4,079 4,326 4,245 (6 ) (4 ) 4,079 4,245

Regional breakdown of key figures 1, 2 As of or for the quarter ended 30.6.15 Europe Asia Pacific Switzerland Emergingmarkets

of which: ultrahigh networth

of which:Global FamilyOffice 3

Net new money (CHF billion) 0.6 3.4 0.8 (2.5 ) 2.8 1.1 Net new money adjusted (CHF billion) 4 1.8 4.5 2.4 0.1 7.1 2.3 Net new money growth (%) 5 2.1 6.5 5.4 0.2 5.6 12.4 Invested assets (CHF billion) 340 274 172 157 494 76 Gross margin on invested assets (bps) 6 87 82 90 94 56

37( 7)

Client advisors (full-time equivalents) 1,392 1,127 760 714

708( 8)

1 Refer to the “Measurement of performance” section of our Annual Report 2014 for the definitions of our key performance indicators. 2 Based on the Wealth Management business area structure, and excluding minor functions with 86 client advisors, and CHF 2 billion of invested assets, and CHF 0.5 billion of net new money outflows in the second quarter of 2015. 3 Joint venture between Wealth Management and the Investment Bank. Global Family Office is reported as a sub-segment of ultra high net worth and is included in the ultra high net worth figures. 4 Adjusted net new money excludes the negative effect on net new money from our balance sheet and capital optimization program in the second quarter of 2015. 5 Based on adjusted net new money. 6 Includes the effect of a gain of CHF 56 million on the sale of our Belgian domestic business. Excluding this, the adjusted gross margin for Europe was 80 basis points and 55 basis points for ultra high net worth clients. 7 Gross margin includes income booked in the Investment Bank. Gross margin only based on income booked in Wealth Management is 24 basis points. 8 Represents client advisors who exclusively serve ultra high net worth clients. In addition to these, other client advisors may also serve certain ultra high net worth clients, but not exclusively.

Wealth Management Americas – in US dollars 1 As of or for the quarter ended % change from Year-to-date USD million, except where indicated 30.6.15 31.3.15 30.6.14 1Q15 2Q14 30.6.15 30.6.14 Net interest income 301 277 261 9 15 579 511 Recurring net fee income 1,217 1,186 1,163 3 5 2,404 2,282 Transaction-based income 425 432 464 (2) (8) 857 936 Other income 4 5 12 (20) (67) 9 17 Income 1,947 1,901 1,900 2 2 3,848 3,747 Credit loss (expense) / recovery 0 0 (2) (100) 0 17 Total operating income 1,947 1,901 1,898 2 3 3,848 3,764 Personnel expenses 1,199 1,185 1,186 1 1 2,383 2,332 Financial advisor compensation 2 750 731 742 3 1 1,482 1,450 Compensation commitments with recruited financial advisors 3 188 186 184 1 2 374 364 Salaries and other personnel costs 260 267 260 (3) 0 527 518 General and administrative expenses 213 126 153 69 39 339 292 Services (to) / from other business divisions and Corporate Center 317 309 308 3 3 625 603 of which: services from CC – Services 314 305 304 3 3 619 595 Depreciation and impairment of property, equipment and software 1 1 0 0 1 0 Amortization and impairment of intangible assets 13 13 13 0 0 26 26 Total operating expenses 4 1,743 1,633 1,660 7 5 3,375 3,254 Business division operating profit / (loss) before tax 205 268 238 (24) (14) 473 510 Key performance indicators 5 Pre-tax profit growth (%) (23.5) 23.5 (12.5) (7.3) 12.1 Cost / income ratio (%) 89.5 85.9 87.4 87.7 86.8 Net new money growth (%) (0.3) 1.9 (1.0) 0.8 (0.1) Gross margin on invested assets (bps) 74 73 76 1 (3) 74 76 Net margin on invested assets (bps) 8 10 10 (20) (20) 9 10 Additional information Recurring income 1,519 1,463 1,424 4 7 2,982 2,793 Recurring income as a % of income (%) 78.0 77.0 74.9 77.5 74.5 Average attributed equity (USD billion) 6 2.6 2.5 2.9 4 (10) 2.6 3.0 Return on attributed equity (%) 31.5 42.9 32.8 37.1 34.6 Risk-weighted assets (fully applied, USD billion) 7 23.0 22.4 28.0 3 (18) 23.0 28.0 Risk-weighted assets (phase-in, USD billion) 7 23.0 22.6 28.2 2 (18) 23.0 28.2 Return on risk-weighted assets, gross (%) 8 34.2 34.1 27.1 34.1 26.9 Leverage ratio denominator (phase-in, USD billion) 9 60.7 57.9 63.7 5 (5) 60.7 63.7 Goodwill and intangible assets (USD billion) 3.7 3.7 3.8 0 (3) 3.7 3.8 Net new money (USD billion) (0.7) 4.8 (2.5) 4.0 (0.4) Net new money including interest and dividend income (USD billion) 10 5.1 10.3 3.2 15.4 10.8 Invested assets (USD billion) 1,045 1,050 1,017 0 3 1,045 1,017 Client assets (USD billion) 1,099 1,104 1,073 0 2 1,099 1,073 Loans, gross (USD billion) 47.3 45.5 41.7 4 13 47.3 41.7 Due to customers (USD billion) 73.4 74.5 67.6 (1) 9 73.4 67.6 Recruitment loans to financial advisors 2,853 2,871 2,985 (1) (4) 2,853 2,985 Other loans to financial advisors 455 487 402 (7) 13 455 402 Personnel (full-time equivalents) 13,235 13,275 13,558 0 (2) 13,235 13,558 Financial advisors (full-time equivalents) 6,948 6,982 7,119 0 (2) 6,948 7,119

1 Comparative figures in this table may differ from those originally published in quarterly and annual reports due to adjustments following organizational changes, and restatements due to the retrospective adoption of new accounting standards or changes in accounting policies. 2 Financial advisor compensation consists of grid-based compensation based directly on compensable revenues generated by financial advisors and supplemental compensation calculated based on financial advisor productivity, firm tenure, assets and other variables. 3 Compensation commitments with recruited financial advisors represents charges related to compensation commitments granted to financial advisors at the time of recruitment which are subject to vesting requirements. 4 Refer to “Note 18 Changes in organization and disposals” in the “Financial information” section of this report for information on restructuring charges. 5 Refer to the “Measurement of performance” section of our Annual Report 2014 for the definitions of our key performance indicators. 6 Refer to the “Capital management” section of our Annual Report 2014 for more information on the equity attribution framework. 7 Based on the Basel III framework as applicable for Swiss systemically relevant banks (SRB). Refer to the ”Capital management” section of this report for more information. 8 Based on phase-in Basel III risk-weighted assets. 9 In accordance with Swiss SRB rules. Refer to the “Capital management” section of this report for more information. 10 Presented in line with historical reporting practice in the US market.

Wealth Management Americas – in Swiss francs 1 As of or for the quarter ended % change from Year-to-date CHF million, except where indicated 30.6.15 31.3.15 30.6.14 1Q15 2Q14 30.6.15 30.6.14 Net interest income 282 263 232 7 22 545 454 Recurring net fee income 1,140 1,124 1,032 1 10 2,263 2,028 Transaction-based income 398 410 412 (3) (3) 807 832 Other income 3 5 10 (40) (70) 8 15 Income 1,823 1,801 1,686 1 8 3,624 3,330 Credit loss (expense) / recovery 0 0 (2) (100) 0 15 Total operating income 1,823 1,801 1,684 1 8 3,624 3,345 Personnel expenses 1,122 1,123 1,053 0 7 2,245 2,073 Financial advisor compensation 2 702 693 659 1 7 1,396 1,289 Compensation commitments with recruited financial advisors 3 176 177 163 (1) 8 353 323 Salaries and other personnel costs 244 253 231 (4) 6 497 461 General and administrative expenses 199 120 136 66 46 319 260 Services (to) / from other business divisions and Corporate Center 297 293 273 1 9 589 536 of which: services from CC – Services 293 289 269 1 9 583 528 Depreciation and impairment of property, equipment and software 1 1 0 0 1 0 Amortization and impairment of intangible assets 12 12 12 0 0 25 23 Total operating expenses 4 1,631 1,548 1,473 5 11 3,179 2,892 Business division operating profit / (loss) before tax 191 253 211 (25) (9) 445 453 Key performance indicators 5 Pre-tax profit growth (%) (24.5) 19.9 (12.8) (1.8) 6.1 Cost / income ratio (%) 89.5 86.0 87.4 87.7 86.8 Net new money growth (%) (0.3) 1.8 (1.0) 0.8 (0.1) Gross margin on invested assets (bps) 73 70 76 4 (4) 72 76 Net margin on invested assets (bps) 8 10 10 (20) (20) 9 10 Additional information Recurring income 1,422 1,387 1,264 3 13 2,808 2,482 Recurring income as a % of income (%) 78.0 77.0 75.0 77.5 74.5 Average attributed equity (CHF billion) 6 2.4 2.4 2.6 0 (8) 2.4 2.7 Return on attributed equity (%) 31.8 42.2 32.5 37.1 34.2 Risk-weighted assets (fully applied, CHF billion) 7 21.5 21.8 24.8 (1) (13) 21.5 24.8 Risk-weighted assets (phase-in, CHF billion) 7 21.5 21.9 25.0 (2) (14) 21.5 25.0 Return on risk-weighted assets, gross (%) 8 33.6 32.9 27.2 33.2 27.0 Leverage ratio denominator (phase-in, CHF billion) 9 56.8 56.3 56.5 1 1 56.8 56.5 Goodwill and intangible assets (CHF billion) 3.5 3.6 3.4 (3) 3 3.5 3.4 Net new money (CHF billion) (0.7) 4.6 (2.2) 3.9 (0.3) Net new money including interest and dividend income (CHF billion) 10 4.8 9.8 2.8 14.6 9.6 Invested assets (CHF billion) 977 1,021 902 (4) 8 977 902 Client assets (CHF billion) 1,028 1,073 951 (4) 8 1,028 951 Loans, gross (CHF billion) 44.2 44.2 37.0 0 19 44.2 37.0 Due to customers (CHF billion) 68.6 72.4 59.9 (5) 15 68.6 59.9 Recruitment loans to financial advisors 2,668 2,791 2,647 (4) 1 2,668 2,647 Other loans to financial advisors 425 473 356 (10) 19 425 356 Personnel (full-time equivalents) 13,235 13,275 13,558 0 (2) 13,235 13,558 Financial advisors (full-time equivalents) 6,948 6,982 7,119 0 (2) 6,948 7,119

Retail & Corporate 1 As of or for the quarter ended % change from Year-to-date CHF million, except where indicated 30.6.15 31.3.15 30.6.14 1Q15 2Q14 30.6.15 30.6.14 Net interest income 560 568 541 (1) 4 1,128 1,063 Recurring net fee income 135 134 138 1 (2) 269 283 Transaction-based income 241 284 247 (15) (2) 525 481 Other income 21 13 20 62 5 35 39 Income 956 1,000 945 (4) 1 1,956 1,866 Credit loss (expense) / recovery (4) (21) (8) (81) (50) (25) 4 Total operating income 952 979 938 (3) 1 1,931 1,870 Personnel expenses 221 226 216 (2) 2 447 440 General and administrative expenses 64 53 97 21 (34) 117 157 Services (to) / from other business divisions and Corporate Center 265 268 267 (1) (1) 534 525 of which: services from CC – Services 292 292 293 0 0 584 581 Depreciation and impairment of property, equipment and software 4 4 4 0 0 8 8 Amortization and impairment of intangible assets 0 0 0 0 0 Total operating expenses 2 555 552 584 1 (5) 1,106 1,130 Business division operating profit / (loss) before tax 397 427 354 (7) 12 824 740 Key performance indicators 3 Pre-tax profit growth (%) (7.0) 25.6 (8.3) 11.4 2.2 Cost / income ratio (%) 58.1 55.2 61.8 56.5 60.6 Net interest margin (bps) 164 165 158 (1) 4 165 155 Net new business volume growth for retail business (%) 3.1 3.1 2.5 3.2 3.4 Additional information Average attributed equity (CHF billion) 4 3.9 4.0 4.1 (3) (5) 4.0 4.2 Return on attributed equity (%) 40.7 42.7 34.5 41.7 35.7 Risk-weighted assets (fully applied, CHF billion) 5 34.7 34.6 31.5 0 10 34.7 31.5 Risk-weighted assets (phase-in, CHF billion) 5 34.7 35.6 33.0 (3) 5 34.7 33.0 Return on risk-weighted assets, gross (%) 6 10.9 11.4 11.4 11.2 11.3 Leverage ratio denominator (phase-in, CHF billion) 7 162.4 163.7 164.8 (1) (1) 162.4 164.8 Goodwill and intangible assets (CHF billion) 0.0 0.0 0.0 0.0 0.0 Business volume for retail business (CHF billion) 144 143 142 1 1 144 142 Net new business volume for retail business (CHF billion) 1.1 1.1 0.9 2.3 2.4 Client assets (CHF billion) 435 441 415 (1) 5 435 415 Due to customers (CHF billion) 129.4 131.3 131.6 (1) (2) 129.4 131.6 Loans, gross (CHF billion) 135.8 137.3 137.3 (1) (1) 135.8 137.3 Secured loan portfolio as a % of total loan portfolio, gross (%) 93.4 93.2 93.0 93.4 93.0 Impaired loan portfolio as a % of total loan portfolio, gross (%) 8 0.7 0.8 0.6 0.7 0.6 Personnel (full-time equivalents) 5,086 5,157 5,210 (1) (2) 5,086 5,210

Global Asset Management 1 As of or for the quarter ended % change from Year-to-date CHF million, except where indicated 30.6.15 31.3.15 30.6.14 1Q15 2Q14 30.6.15 30.6.14 Net management fees 2 456 443 427 3 7 900 831 Performance fees 20 68 38 (71) (47) 87 85 Total operating income 476 511 465 (7) 2 987 916 Personnel expenses 175 167 153 5 14 342 301 General and administrative expenses 55 55 92 0 (40) 110 158 Services (to) / from other business divisions and Corporate Center 114 119 112 (4) 2 233 224 of which: services from CC – Services 118 123 115 (4) 3 241 231 Depreciation and impairment of property, equipment and software 0 0 0 1 1 Amortization and impairment of intangible assets 1 2 2 (50) (50) 3 4 Total operating expenses 3 346 343 359 1 (4) 688 688 Business division operating profit / (loss) before tax 130 168 105 (23) 24 299 228 Key performance indicators 4 Pre-tax profit growth (%) (22.6) 97.6 (13.9) 31.1 (30.5) Cost / income ratio (%) 72.7 67.1 77.2 69.7 75.1 Net new money growth excluding money market flows (%) 5.5 5.0 8.7 5.3 9.5 Gross margin on invested assets (bps) 29 31 31 (6) (6) 30 31 Net margin on invested assets (bps) 8 10 7 (20) 14 9 8 Information by business line Operating Income Traditional investments 279 276 270 1 3 555 531 O’Connor and A&Q 38 80 61 (53) (38) 119 127 Global real estate 92 93 80 (1) 15 185 153 Infrastructure and private equity 15 14 11 7 36 29 20 Fund services 51 48 43 6 19 99 85 Total operating income 476 511 465 (7) 2 987 916 Gross margin on invested assets (bps) Traditional investments 20 19 20 5 0 20 20 O’Connor and A&Q 41 89 80 (54) (49) 65 86 Global real estate 78 80 79 (3) (1) 79 75 Infrastructure and private equity 67 62 52 8 29 64 48 Total gross margin 29 31 31 (6) (6) 30 31 Net new money (CHF billion) Traditional investments 6.3 2.4 6.1 8.7 13.5 O’Connor and A&Q 1.3 2.2 1.4 3.5 3.2 Global real estate 1.3 0.5 0.6 1.8 1.0 Infrastructure and private equity 0.1 0.0 0.0 0.1 (0.1) Total net new money 9.0 5.1 8.0 14.1 17.6 Net new money excluding money market flows 8.3 7.5 11.6 15.8 24.6 of which: from third parties 5.3 2.5 8.7 7.8 17.7 of which: from UBS’s wealth management businesses 3.0 5.1 2.9 8.0 6.9 Money market flows 0.7 (2.4) (3.6) (1.7) (7.0) of which: from third parties 1.7 (1.2) (0.4) 0.5 (1.1) of which: from UBS’s wealth management businesses (1.0) (1.2) (3.2) (2.2) (5.8) Invested assets (CHF billion) Traditional investments 557 568 540 (2) 3 557 540 O’Connor and A&Q 37 37 31 0 19 37 31 Global real estate 47 47 41 0 15 47 41 Infrastructure and private equity 9 9 9 0 0 9 9 Total invested assets 650 661 621 (2) 5 650 621 of which: excluding money market funds 592 601 563 (1) 5 592 563 of which: money market funds 58 60 58 (3) 0 58 58 Assets under administration by fund services Assets under administration (CHF billion) 2 520 521 470 0 11 520 470 Net new assets under administration (CHF billion) 3 11.6 5.8 8.2 17.3 25.0 Gross margin on assets under administration (bps) 4 4 4 0 0 4 4 Additional information Average attributed equity (CHF billion) 4 1.6 1.7 1.7 (6) (6) 1.7 1.7 Return on attributed equity (%) 32.5 39.5 24.7 36.2 26.8 Risk-weighted assets (fully applied, CHF billion) 5 3.4 3.5 3.5 (3) (3) 3.4 3.5 Risk-weighted assets (phase-in, CHF billion) 5 3.4 3.5 3.6 (3) (6) 3.4 3.6 Return on risk-weighted assets, gross (%) 6 55.2 55.2 51.7 55.2 50.2 Leverage ratio denominator (phase-in, CHF billion) 7 14.2 14.0 14.2 1 0 14.2 14.2 Goodwill and intangible assets (CHF billion) 1.3 1.4 1.4 (7) (7) 1.3 1.4 Personnel (full-time equivalents) 2,434 2,369 2,260 3 8 2,434 2,260

1 Comparative figures in this table may differ from those originally published in quarterly and annual reports due to adjustments following organizational changes, and restatements due to the retrospective adoption of new accounting standards or changes in accounting policies. 2 Net management fees include transaction fees, fund administration revenues (including net interest and trading income from lending activities and foreign exchange hedging as part of the fund services offering), gains or losses from seed money and co-investments, funding costs and other items that are not performance fees. 3 Refer to “Note 18 Changes in organization and disposals” in the “Financial information” section of this report for information on restructuring charges. 4 Refer to the “Measurement of performance” section of our Annual Report 2014 for the definitions of our key performance indicators. In the second quarter of 2014, the definition of the net new money growth key performance indicator was amended. Refer to the “Regulatory and legal developments and financial reporting changes” section of our second quarter 2014 report for more information. 5 This includes UBS and third-party fund assets, for which the fund services unit provides professional services, including fund set-up, accounting and reporting for traditional investment funds and alternative funds. 6 Inflows of assets under administration from new and existing funds less outflows from existing funds or fund exits. 7 Refer to the “Capital management” section of our Annual Report 2014 for more information on the equity attribution framework. 8 Based on the Basel III framework as applicable for Swiss systemically relevant banks (SRB). Refer to the ”Capital management” section of this report for more information. 9 Based on phase-in Basel III risk-weighted assets. 10 In accordance with Swiss SRB rules. Refer to the “Capital management” section of this report for more information.

Investment Bank 1 As of or for the quarter ended % change from Year-to-date CHF million, except where indicated 30.6.15 31.3.15 30.6.14 1Q15 2Q14 30.6.15 30.6.14 Corporate Client Solutions 822 779 981 6 (16) 1,601 1,748 Advisory 184 172 165 7 12 356 318 Equity Capital Markets 337 306 349 10 (3) 643 545 Debt Capital Markets 180 143 371 26 (51) 323 674 Financing Solutions 106 119 113 (11) (6) 225 239 Risk Management 15 39 (17) (62) 54 (28) Investor Client Services 1,540 1,877 1,293 (18) 19 3,417 2,725 Equities 1,128 1,156 869 (2) 30 2,284 1,890 Foreign Exchange, Rates and Credit 413 721 424 (43) (3) 1,133 836 Income 2,363 2,655 2,274 (11) 4 5,018 4,473 Credit loss (expense) / recovery (8) 2 (6) 33 (6) (6) Total operating income 2,355 2,657 2,268 (11) 4 5,012 4,468 Personnel expenses 940 1,008 875 (7) 7 1,948 1,786 General and administrative expenses 162 189 179 (14) (9) 351 353 Services (to) / from other business divisions and Corporate Center 685 681 641 1 7 1,366 1,305 of which: services from CC – Services 669 667 635 0 5 1,336 1,284 Depreciation and impairment of property, equipment and software 6 6 6 0 0 13 20 Amortization and impairment of intangible assets 11 7 3 57 267 18 6 Total operating expenses 2 1,804 1,891 1,704 (5) 6 3,695 3,469 Business division operating profit / (loss) before tax 551 766 564 (28) (2) 1,317 999 Key performance indicators 3 Pre-tax profit growth (%) (28.1) 253.0 29.7 31.8 (39.3) Cost / income ratio (%) 76.3 71.2 74.9 73.6 77.6 Return on attributed equity (%) 30.2 42.0 30.5 36.1 26.1 Return on assets, gross (%) 3.3 3.6 3.7 3.5 3.7 Average VaR (1-day, 95% confidence, 5 years of historical data) 11 13 11 (15) 0 12 12 Additional information Total assets (CHF billion) 2 263.8 303.2 244.8 (13) 8 263.8 244.8 Funded assets (CHF billion) 3 176.2 174.6 181.9 1 (3) 176.2 181.9 Average attributed equity (CHF billion) 4 7.3 7.3 7.4 0 (1) 7.3 7.7 Risk-weighted assets (fully applied, CHF billion) 5 63.3 64.1 68.0 (1) (7) 63.3 68.0 Risk-weighted assets (phase-in, CHF billion) 5 63.3 64.2 68.3 (1) (7) 63.3 68.3 Return on risk-weighted assets, gross (%) 6 14.8 16.2 13.9 15.5 14.0 Leverage ratio denominator (phase-in, CHF billion) 7 289.9 294.2 278.2 (1) 4 289.9 278.2 Goodwill and intangible assets (CHF billion) 0.1 0.1 0.1 0 0 0.1 0.1 Compensation ratio (%) 39.8 38.0 38.5 38.8 39.9 Impaired loan portfolio as a % of total loan portfolio, gross (%) 8 0.2 0.2 0.3 0.2 0.3 Personnel (full-time equivalents) 5,192 5,276 5,167 (2) 0 5,192 5,167

1 Comparative figures in this table may differ from those originally published in quarterly and annual reports due to adjustments following organizational changes, and restatements due to retrospective adoption of new accounting standards or changes in accounting policies. 2 Refer to “Note 18 Changes in organization and disposals” in the “Financial information” section of this report for information on restructuring charges. 3 Refer to the “Measurement of performance” section of our Annual Report 2014 for the definitions of our key performance indicators. 4 Based on third-party view, i.e., without intercompany balances. 5 Funded assets are defined as total IFRS balance sheet assets less positive replacement values (PRV) and collateral delivered against over-the-counter (OTC) derivatives. 6 Refer to the “Capital management” section of our Annual Report 2014 for more information on the equity attribution framework. 7 Based on the Basel III framework as applicable for Swiss systemically relevant banks (SRB). Refer to the “Capital management” section of this report for more information. 8 Based on phase-in Basel III risk-weighted assets. 9 In accordance with Swiss SRB rules. Refer to the “Capital management” section of this report for more information. 10 Refer to the “Risk management and control” section of this report for more information on impairment ratios.

Corporate Center 1 As of or for the quarter ended % change from Year-to-date CHF million, except where indicated 30.6.15 31.3.15 30.6.14 1Q15 2Q14 30.6.15 30.6.14 Total operating income 131 646 (129) (80) 778 (59) Personnel expenses 1,011 988 941 2 7 1,999 1,977 General and administrative expenses 1,081 1,185 943 (9) 15 2,266 2,008 Services (to) / from business divisions (1,895) (1,882) (1,829) 1 4 (3,776) (3,630) Depreciation and impairment of property, equipment and software 196 207 185 (5) 6 403 365 Amortization and impairment of intangible assets 5 5 2 0 150 11 3 Total operating expenses 2 399 504 242 (21) 65 903 723 Operating profit / (loss) before tax (267) 142 (371) (28) (125) (782) Additional information Average attributed equity (CHF billion) 3 25.9 26.1 20.5 (1) 26 26.0 20.9 Total assets (CHF billion) 4 351.0 407.2 414.9 (14) (15) 351.0 414.9 Risk-weighted assets (fully applied, CHF billion) 5 61.1 66.8 76.7 (9) (20) 61.1 76.7 Risk-weighted assets (phase-in, CHF billion) 5 63.4 68.1 77.5 (7) (18) 63.4 77.5 Leverage ratio denominator (phase-in, CHF billion) 6 296.1 319.9 344.0 (7) (14) 296.1 344.0 Personnel (full-time equivalents) 23,443 23,670 23,649 (1) (1) 23,443 23,649

Corporate Center – Services 1 As of or for the quarter ended % change from Year-to-date CHF million, except where indicated 30.6.15 31.3.15 30.6.14 1Q15 2Q14 30.6.15 30.6.14 Total operating income (41) 374 5 333 14 Personnel expenses 965 950 903 2 7 1,915 1,898 General and administrative expenses 1,027 1,139 841 (10) 22 2,166 1,818 Depreciation and impairment of property, equipment and software 196 207 185 (5) 6 403 365 Amortization and impairment of intangible assets 5 5 1 0 400 11 2 Total operating expenses before allocations to business divisions and other CC units 2,194 2,301 1,930 (5) 14 4,495 4,084 Services (to) / from business divisions and other CC units (1,982) (1,964) (1,935) 1 2 (3,946) (3,854) of which: services to Wealth Management (519) (508) (522) 2 (1) (1,027) (1,008) of which: services to Wealth Management Americas (293) (289) (269) 1 9 (583) (528) of which: services to Retail & Corporate (292) (292) (293) 0 0 (584) (581) of which: services to Global Asset Management (118) (123) (115) (4) 3 (241) (231) of which: services to Investment Bank (669) (667) (635) 0 5 (1,336) (1,284) of which: services to CC – Group ALM (19) (14) (20) 36 (5) (34) (40) of which: services to CC – Non-core and Legacy Portfolio (79) (80) (87) (1) (9) (159) (193) Total operating expenses 2 212 337 (5) (37) 549 230 Operating profit / (loss) before tax (253) 37 10 (217) (215) Additional information Average attributed equity (CHF billion) 3 1.5 1.2 1.0 25 50 1.4 1.0 Total assets (CHF billion) 4 19.3 19.5 17.3 (1) 12 19.3 17.3 Risk-weighted assets (fully applied, CHF billion) 5 20.3 23.2 17.9 (13) 13 20.3 17.9 Risk-weighted assets (phase-in, CHF billion) 5 22.6 24.5 18.7 (8) 21 22.6 18.7 Leverage ratio denominator (phase-in, CHF billion) 6 9.5 4.3 5.4 121 76 9.5 5.4 Personnel (full-time equivalents) 23,221 23,424 23,368 (1) (1) 23,221 23,368

Corporate Center – Group ALM 1 As of or for the quarter ended % change from Year-to-date CHF million, except where indicated 30.6.15 31.3.15 30.6.14 1Q15 2Q14 30.6.15 30.6.14 Gross income excluding own credit 70 376 205 (81) (66) 445 372 Allocations to business divisions and other CC units (191) (289) (243) (34) (21) (480) (449) of which: Wealth Management (105) (131) (105) (20) 0 (236) (202) of which: Wealth Management Americas (29) (23) (27) 26 7 (52) (54) of which: Retail & Corporate (88) (122) (107) (28) (18) (210) (196) of which: Global Asset Management (4) (5) (7) (20) (43) (9) (12) of which: Investment Bank 52 34 31 53 68 86 67 of which: CC – Services (31) (54) (52) (43) (40) (86) (105) of which: CC – Non-core and Legacy Portfolio 15 12 24 25 (38) 27 52 Own credit 2 259 226 72 15 260 486 160 Total operating income 138 313 33 (56) 318 451 83 Personnel expenses 7 8 7 (13) 0 15 10 General and administrative expenses 4 4 7 0 (43) 8 9 Depreciation and impairment of property, equipment and software 0 0 0 0 0 Amortization and impairment of intangible assets 0 0 0 0 0 Services (to) / from business divisions and other CC units (5) (15) (11) (67) (55) (20) (24) of which: Wealth Management (6) (8) (4) (25) 50 (13) (9) of which: Wealth Management Americas (1) (1) (1) 0 0 (2) (3) of which: Retail & Corporate (3) (4) (2) (25) 50 (7) (4) of which: Global Asset Management 0 0 (1) (100) 0 (1) of which: Investment Bank (9) (11) (13) (18) (31) (20) (27) of which: CC – Services 19 14 20 36 (5) 34 40 of which: CC – Non-core and Legacy Portfolio (5) (6) (10) (17) (50) (11) (20) Total operating expenses 3 7 (4) 3 133 2 (5) Operating profit / (loss) before tax 132 317 31 (58) 326 449 88 Additional information Average attributed equity (CHF billion) 4 3.3 3.4 3.3 (3) 0 3.4 3.2 Total assets (CHF billion) 5 218.3 227.6 213.7 (4) 2 218.3 213.7 Risk-weighted assets (fully applied, CHF billion) 6 9.2 7.9 6.9 16 33 9.2 6.9 Risk-weighted assets (phase-in, CHF billion) 6 9.2 7.9 6.9 16 33 9.2 6.9 Leverage ratio denominator (phase-in, CHF billion) 7 216.2 231.4 217.7 (7) (1) 216.2 217.7 Personnel (full-time equivalents) 122 122 121 0 1 122 121

Corporate Center – Non-core and Legacy Portfolio 1 As of or for the quarter ended % change from Year-to-date CHF million, except where indicated 30.6.15 31.3.15 30.6.14 1Q15 2Q14 30.6.15 30.6.14 Income 35 (43) (166) (8) (154) Credit loss (expense) / recovery 2 0 2 (2) (100) (100) 2 (2) Total operating income 35 (41) (168) (6) (156) Personnel expenses 38 31 32 23 19 69 69 General and administrative expenses 50 42 95 19 (47) 92 180 Services (to) / from business divisions and other CC units 92 97 118 (5) (22) 190 248 of which: services from CC – Services 79 80 87 (1) (9) 159 193 Depreciation and impairment of property, equipment and software 0 0 0 0 0 Amortization and impairment of intangible assets 0 0 0 0 1 Total operating expenses 3 180 171 245 5 (27) 351 499 Operating profit / (loss) before tax (145) (212) (412) (32) (65) (357) (654) Additional information Average attributed equity (CHF billion) 4 2.9 3.3 5.1 (12) (43) 3.1 5.6 Total assets (CHF billion) 5 113.4 160.1 183.9 (29) (38) 113.4 183.9 Risk-weighted assets (fully applied, CHF billion) 6 31.6 35.7 51.9 (11) (39) 31.6 51.9 Risk-weighted assets (phase-in, CHF billion) 6 31.6 35.7 51.9 (11) (39) 31.6 51.9 Leverage ratio denominator (phase-in, CHF billion) 7 70.4 84.2 120.8 (16) (42) 70.4 120.8 Personnel (full-time equivalents) 101 125 160 (19) (37) 101 160

Risk measures and performance 30.6.15 Wealth Manage-ment Wealth Manage-ment Americas Retail & Corporate Global Asset Management Investment Bank CC – Services CC – Group ALM CC – Non-core and Legacy Portfolio CHF billion, as of or for the quarter ended Risk-weighted assets (fully applied) 1 25.8 21.5 34.7 3.4 63.3 20.3 9.2 31.6 of which: credit risk 12.8 7.8 33.1 2.4 35.3 1.6 5.5 8.8 of which: market risk 0.0 1.3 0.0 0.0 10.7 (5.6) 2 3.5 2.8 of which: operational risk 12.9 12.3 1.6 0.9 17.3 9.5 0.1 20.0 Leverage ratio denominator (fully applied) 3 129.7 56.8 162.4 14.2 289.9 4.8 216.2 70.4 Risk-based capital 4, 5 1.3 1.2 3.3 0.4 7.4 2.0 4.2 2.9 Average tangible attributed equity 6 2.7 1.8 3.9 0.4 7.2 1.5 3.2 2.9 Total assets 124.6 55.3 141.3 14.2 263.8 19.3 218.3 113.4 Operating profit / (loss) before tax (adjusted) 7 0.8 0.2 0.4 0.1 0.6 (0.3) (0.1) (0.1) 31.3.15 WealthManage-ment WealthManage-mentAmericas Retail &Corporate GlobalAssetManage-ment Investment Bank CC –Services CC –Group ALM CC –Non-coreand LegacyPortfolio CHF billion, as of or for the quarter ended Risk-weighted assets (fully applied) 1 25.7 21.8 34.6 3.5 64.1 23.2 7.9 35.7 of which: credit risk 12.6 8.4 33.0 2.5 33.9 1.2 4.6 11.7 of which: market risk 0.0 1.1 0.0 0.0 11.6 (4.7) 2 3.2 3.9 of which: operational risk 12.9 12.3 1.5 0.9 18.5 12.4 0.1 20.1 Leverage ratio denominator (fully applied) 3 134.2 56.3 163.7 14.0 294.2 (1.0) 231.4 84.2 Risk-based capital 4, 5 1.4 1.3 3.3 0.3 6.6 1.3 5.0 3.2 Average tangible attributed equity 6 2.8 1.8 4.0 0.4 7.1 1.2 3.3 3.3 Total assets 125.5 55.7 143.3 14.1 303.2 19.5 227.6 160.1 Operating profit / (loss) before tax (adjusted) 7 0.9 0.3 0.4 0.2 0.8 (0.2) 0.1 (0.2)

1 Based on the Basel III framework as applicable for Swiss systemically relevant banks (SRB). Refer to the “Capital management” section of this report for more information. 2 Negative market risk numbers are due to the diversification effect allocated to CC – Services. 3 Refer to the “Capital management” section of this report for more information. 4 Refer to “Statistical measures” in the “Risk management and control” section of our Annual Report 2014 for more information on risk-based capital. 5 Excludes CHF 8.2 billion (31 March 2015: CHF 7.9 billion) of centrally-held RBC items in the Corporate Center. For equity attribution, these RBC items are not allocated to the business divisions or Corporate Center units. 6 Excludes CHF 14.6 billion (31 March 2015: CHF 14.5 billion) of centrally-held average tangible equity attribution items within the Corporate Center relating to common equity not allocated to the business divisions or Corporate Center units. Refer to the “Capital management” section of this report for more information on our equity attribution framework. 7 Adjusted results are non-GAAP financial measures as defined by SEC Regulations. Refer to the table “Adjusted results” in the “Group performance” section of this report for more information.

Swiss SRB Basel III available capital versus capital requirements (phase-in) Capital ratio (%) Capital CHF million, except where indicated Requirement 1 Actual 2, 3 Requirement Actual 2, 3 30.6.15 30.6.15 31.3.15 31.12.14 30.6.15 30.6.15 31.3.15 31.12.14 Base capital (common equity tier 1 capital) 4.5 4.5 4.5 4.0 9,544 9,544 9,871 8,835 Buffer capital (common equity tier 1 capital and high-trigger loss-absorbing capital) 5.3 4 15.0 15.3 15.4 11,233 31,711 33,528 34,027 of which: effect of countercyclical buffer 0.2 0.2 0.2 0.1 364 364 369 322 Progressive buffer capital (low-trigger loss-absorbing capital) 2.8 4.7 5.2 5.2 6,005 9,869 11,377 11,398 Phase-out capital (tier 2 capital) 0.8 0.9 0.9 1,798 1,976 2,050 Total 12.6 25.0 25.9 25.5 26,782 52,923 56,752 56,310

1 The total capital ratio requirement of 12.6% is the current phase-in requirement according to the Swiss Capital Adequacy Ordinance. Prior to the implementation of the Basel III framework, FINMA also defined a total capital ratio target for UBS Group of 14.4% which will be effective until it is exceeded by the Swiss SRB Basel III phase-in capital requirement. 2 Swiss SRB Basel III CET1 capital exceeding the base capital requirement is allocated to the buffer capital. 3 Since 31 March 2015, high-trigger loss-absorbing capital (LAC) is included in the buffer capital. As of 31 December 2014, high-trigger LAC was included in the progressive buffer capital. 4 CET1 capital can be substituted by high-trigger LAC up to 2.3% in 2015.

Swiss SRB Basel III capital information Phase-in Fully applied CHF million, except where indicated 30.6.15 31.3.15 31.12.14 30.6.15 31.3.15 31.12.14 Tier 1 capital 40,593 43,801 42,863 34,042 33,515 29,408 of which: common equity tier 1 capital 38,706 40,779 42,863 30,265 29,566 28,941 of which: additional tier 1 capital (high-trigger loss-absorbing capital) 1,631 1,684 0 1,631 1,684 467 of which: additional tier 1 capital (low-trigger loss-absorbing capital) 1 256 1,339 0 2,145 2,266 0 Tier 2 capital 12,329 12,950 13,448 10,531 10,975 11,398 of which: high-trigger loss-absorbing capital 918 936 946 918 936 946 of which: low-trigger loss-absorbing capital 9,613 10,038 10,451 9,613 10,038 10,451 of which: phase-out capital 1,798 1,976 2,050 Total capital 52,923 56,752 56,310 44,573 44,490 40,806 Common equity tier 1 capital ratio (%) 18.2 18.6 19.4 14.4 13.7 13.4 Tier 1 capital ratio (%) 19.1 20.0 19.4 16.2 15.5 13.6 Total capital ratio (%) 25.0 25.9 25.5 21.2 20.6 18.9 Risk-weighted assets 212,088 219,358 220,877 209,777 216,385 216,462

1 Consists on a phase-in basis of low-trigger loss-absorbing capital (30 June 2015: CHF 2,145 million, 31 March 2015: CHF 2,266 million, 31 December 2014: CHF 0 million) and hybrid capital subject to phase-out (30 June 2015: CHF 1,840 million, 31 March 2015: CHF 2,929 million, 31 December 2014: CHF 3,210 million), partly offset by required deductions for goodwill (30 June 2015: CHF 3,729 million, 31 March 2015: CHF 3,855 million, 31 December 2014: CHF 3,677 million).

Swiss SRB Basel III capital movement CHF billion Phase-in Fully applied Common equity tier 1 capital as of 31.3.15 40.8 29.6 Movements during the second quarter of 2015: Operating profit / (loss) before tax 1.7 1.7 Own credit related to financial liabilites designated at fair value and replacement value, net of tax (0.3) (0.3) Current tax effect (0.2) (0.2) Transitional effect of the accelerated application of IAS 19R treatment of defined benefit plans as of 1.4.15 2 (1.8) Defined benefit plans (0.1) 0.3 Foreign currency translation effects (0.4) (0.3) Other 1 (0.9) (0.5) Total movement (2.1) 0.7 Common equity tier 1 capital as of 30.6.15 38.7 30.3 Additional tier 1 capital as of 31.3.15 3.0 3.9 Movements during the second quarter of 2015: Call of a hybrid capital instrument (1.0) Foreign currency translation effects and other (0.1) (0.2) Total movement (1.1) (0.2) Additional tier 1 capital as of 30.6.15 1.9 3.8 Tier 2 capital as of 31.3.2015 13.0 11.0 Movements during the second quarter of 2015: Foreign currency translation effects and other (0.7) (0.5) Total movement (0.7) (0.5) Tier 2 capital as of 30.6.15 12.3 10.5 Total capital as of 30.6.15 52.9 44.6 Total capital as of 31.3.15 56.8 44.5

1 Includes accruals for capital returns to shareholders. 2 Includes effects related to deferred tax assets recognized for tax loss carry-forwards.

Reconciliation IFRS equity to Swiss SRB Basel III capital Phase-in Fully applied CHF million 30.6.15 31.3.15 31.12.14 30.6.15 31.3.15 31.12.14 Equity attributable to UBS Group AG shareholders 50,211 52,359 50,608 50,211 52,359 50,608 Equity attributable to non-controlling interests in UBS AG 1,164 1,370 1,702 1,164 1,370 1,702 Equity attributable to preferred noteholders and other non-controlling interests 1,878 1,928 2,058 1,878 1,928 2,058 Total IFRS equity 53,253 55,656 54,368 53,253 55,656 54,368 Equity attributable to preferred noteholders and other non-controlling interests (1,878) (1,928) (2,058) (1,878) (1,928) (2,058) Defined benefit plans (before phase-in, as applicable) 1 3,404 3,997 0 (887) 0 Defined benefit plans, 40% phase-in 0 (1,716) (799) Deferred tax assets recognized for tax loss carry-forwards (before phase-in, as applicable) (6,312) (7,467) (8,047) Deferred tax assets recognized for tax loss carry-forwards, 40% phase-in (2,525) (2,991) (1,605) Deferred tax assets on temporary differences, excess over threshold (115) 0 0 (1,040) (307) (604) Goodwill, net of tax, less hybrid capital and loss-absorbing capital 2 (2,486) (2,570) (3,010) (6,215) (6,426) (6,687) Intangible assets, net of tax (351) (392) (410) (351) (392) (410) Unrealized (gains) / losses from cash flow hedges, net of tax (1,626) (2,171) (2,156) (1,626) (2,171) (2,156) Compensation and own shares-related capital components (not recognized in net profit) (1,523) (1,282) (1,219) (1,523) (1,282) (1,219) Own credit related to financial liabilities designated at fair value and replacement values, net of tax (412) (130) 136 (412) (130) 136 Unrealized gains related to financial investments available-for-sale, net of tax (312) (413) (384) (312) (413) (384) Prudential valuation adjustments (84) (128) (123) (84) (128) (123) Consolidation scope (76) (77) (88) (76) (77) (88) Other 3 (3,158) (4,483) (3,786) (3,158) (4,483) (3,786) Common equity tier 1 capital 38,706 40,779 42,863 30,265 29,566 28,941 Hybrid capital subject to phase-out 1,840 2,929 3,210 High-trigger loss-absorbing capital 1,631 1,684 467 1,631 1,684 467 Low-trigger loss-absorbing capital 2,145 2,266 0 2,145 2,266 0 Goodwill, net of tax, offset against hybrid capital and loss-absorbing capital (3,729) (3,855) (3,677) Additional tier 1 capital 1,887 3,022 0 3,777 3,949 467 Tier 1 capital 40,593 43,801 42,863 34,042 33,515 29,408 Tier 2 capital 12,329 12,950 13,448 10,531 10,975 11,398 Total capital 52,923 56,752 56,310 44,573 44,490 40,806

1 Phase-in number net of tax, fully applied number pre-tax. 2 Includes goodwill related to significant investments in financial institutions of CHF 352 million. 3 Includes the net charge for the compensation-related increase in high-trigger loss-absorbing capital for tier 2 and additional tier 1 capital, accruals for capital returns to shareholders and other items.

Swiss SRB leverage ratio CHF million, except where indicated Average 2Q15 Average 1Q15 Average 4Q14 Total on-balance sheet assets1 970,415 1,042,252 1,038,836 Netting of securities financing transactions (7,509) (7,726) (6,141) Netting of derivative exposures (144,420) (187,919) (184,265) Current exposure method (CEM) add-on for derivative exposures 53,025 56,023 63,385 Off-balance sheet items 69,071 76,896 88,750 of which: commitments and guarantees – unconditionally cancellable (10%) 5,123 10,085 17,212 of which: commitments and guarantees – other than unconditionally cancellable (100%) 63,949 66,811 71,538 Assets of entities consolidated under IFRS but not in regulatory scope of consolidation 18,383 17,625 19,184 Items deducted from Swiss SRB tier 1 capital, phase-in (at period-end) (9,832) (14,903) (14,879) Total adjusted exposure (leverage ratio denominator), phase-in 2 949,134 982,249 1,004,869 Additional items deducted from Swiss SRB tier 1 capital, fully applied (at period-end) (4,712) (5,315) (7,047) Total adjusted exposure (leverage ratio denominator), fully applied 2 944,422 976,934 997,822 As of 30.6.15 31.3.15 31.12.14 Common equity tier 1 capital (phase-in) 38,706 40,779 42,863 Loss-absorbing capital (phase-in) 12,419 13,997 11,398 Common equity tier 1 capital including loss-absorbing capital 51,125 54,776 54,260 Swiss SRB leverage ratio phase-in (%) 5.4 5.6 5.4 As of 30.6.15 31.3.15 31.12.14 Common equity tier 1 capital (fully applied) 30,265 29,566 28,941 Loss-absorbing capital (fully applied) 14,308 14,924 11,865 Common equity tier 1 capital including loss-absorbing capital 44,573 44,490 40,806 Swiss SRB leverage ratio fully applied (%) 4.7 4.6 4.1

1 Represent assets recognized on the balance sheet in accordance with IFRS measurement principles, but based on the regulatory scope of consolidation. Refer to the “UBS Group AG consolidated supplemental disclosures required under Basel III Pillar 3 regulations” section of our Annual Report 2014 for more information on the regulatory scope of consolidation. 2 In accordance with current Swiss SRB leverage ratio requirements, the leverage ratio denominator excludes forward starting repos, securities lending indemnifications and CEM add-ons for exchange-traded derivatives (ETD), both proprietary and agency transactions, and for OTC derivatives with a qualifying central counterparty.

UBS shares UBS Group AG UBS AG As of % change from As of % change from 30.6.15 31.3.15 30.6.14 31.3.15 30.6.15 31.3.15 30.6.14 31.3.15 Shares outstanding Shares issued 3,759,320,804 3,739,518,390 1 3,858,408,466 3,844,560,913 3,844,030,621 0 Treasury shares 95,917,796 85,258,884 13 2,139,918 8,714,477 91,236,602 (75) Shares outstanding 3,663,403,008 3,654,259,506 0 3,856,268,548 3,835,846,436 3,752,794,019 1 of which: held by UBS Group AG 3,769,482,155 3,738,235,457 of which: held by shareholders with a non-controlling interest 86,786,393 97,610,979 UBS Group AG (consolidated) 1 UBS AG (consolidated) As of or for the quarter ended % change from As of or for the quarter ended % change from 30.6.15 31.3.15 30.6.14 31.3.15 30.6.15 31.3.15 30.6.14 31.3.15 Earnings per share (CHF) 2 Basic 0.33 0.54 0.21 (39) 0.31 0.53 0.21 (42) Diluted 0.32 0.53 0.21 (40) 0.31 0.53 0.21 (42) Shareholders’ equity (CHF million) Equity attributable to UBS shareholders 50,211 52,359 49,532 (4) 51,685 53,815 49,532 (4) Less: goodwill and intangible assets 3 6,101 6,342 6,229 (4) 6,242 6,507 6,229 (4) Tangible equity attributable to UBS shareholders 44,110 46,017 43,303 (4) 45,443 47,308 43,303 (4) Book value per share (CHF) Total book value per share 13.71 14.33 13.20 (4) 13.40 14.03 13.20 (4) Tangible book value per share 12.04 12.59 11.54 (4) 11.78 12.33 11.54 (4) Market capitalization and share price Share price (CHF) 19.83 18.32 16.27 8 19.85 18.30 16.27 8 Market capitalization (CHF million) 4 74,547 68,508 62,542 9 76,589 70,355 62,542 9

1 As UBS Group AG (consolidated) is considered to be the continuation of UBS AG (consolidated), comparative information for 30 June 2014 is the same for both. 2 Refer to “Note 9 Earnings per share (EPS) and shares outstanding” in the “Financial information” section of this report for more information on UBS Group AG (consolidated) EPS. 3 Goodwill and intangible assets used in the calculation of tangible equity attributable to UBS Group AG shareholders as of 30 June 2015 and 31 March 2015 have been adjusted to reflect the non-controlling interests in UBS AG as of these dates. 4 Market capitalization is calculated based on the total shares issued multiplied by the share price at period end.

Balance sheet % change from CHF million 30.6.15 31.3.15 31.12.14 31.3.15 31.12.14 Assets Cash and balances with central banks 84,646 68,854 104,073 23 (19) Due from banks 13,343 13,261 13,334 1 0 Cash collateral on securities borrowed 27,689 26,755 24,063 3 15 Reverse repurchase agreements 60,848 79,811 68,414 (24) (11) Trading portfolio assets 128,476 132,990 138,156 (3) (7) of which: assets pledged as collateral which may be sold or repledged by counterparties 50,544 52,377 56,018 (3) (10) Positive replacement values 173,681 252,876 256,978 (31) (32) Cash collateral receivables on derivative instruments 24,842 34,550 30,979 (28) (20) Financial assets designated at fair value 5,425 5,111 4,951 6 10 Loans 313,852 313,964 315,757 0 (1) Financial investments available-for-sale 66,771 71,077 57,159 (6) 17 Investments in associates 908 950 927 (4) (2) Property, equipment and software 7,050 6,926 6,854 2 3 Goodwill and intangible assets 6,242 6,507 6,785 (4) (8) Deferred tax assets 10,000 10,146 11,060 (1) (10) Other assets 26,394 25,073 22,988 5 15 Total assets 950,168 1,048,850 1,062,478 (9) (11) Liabilities Due to banks 13,270 10,294 10,492 29 26 Cash collateral on securities lent 10,652 9,725 9,180 10 16 Repurchase agreements 13,032 14,159 11,818 (8) 10 Trading portfolio liabilities 32,181 30,132 27,958 7 15 Negative replacement values 171,202 250,861 254,101 (32) (33) Cash collateral payables on derivative instruments 38,603 47,076 42,372 (18) (9) Financial liabilities designated at fair value 66,366 70,124 75,297 (5) (12) Due to customers 377,054 399,113 410,207 (6) (8) Debt issued 100,558 88,052 91,207 14 10 Provisions 3,594 3,956 4,366 (9) (18) Other liabilities 70,402 69,702 71,112 1 (1) Total liabilities 896,915 993,194 1,008,110 (10) (11) Equity Share capital 375 374 372 0 1 Share premium 31,005 32,434 32,590 (4) (5) Treasury shares (1,624) (1,402) (1,393) 16 17 Retained earnings 25,704 24,779 22,134 4 16 Other comprehensive income recognized directly in equity, net of tax (5,249) (3,826) (3,093) 37 70 Equity attributable to UBS Group AG shareholders 50,211 52,359 50,608 (4) (1) Equity attributable to non-controlling interests 3,042 3,298 3,760 (8) (19) Total equity 53,253 55,656 54,368 (4) (2) Total liabilities and equity 950,168 1,048,850 1,062,478 (9) (11) Earnings per share (EPS) and shares outstanding As of or for the quarter ended % change from As of or year-to-date 30.6.15 31.3.15 30.6.14 1Q15 2Q14 30.6.15 30.6.14 Basic earnings (CHF million) Net profit / (loss) attributable to UBS Group AG shareholders 1,209 1,977 792 (39) 53 3,186 1,846 Diluted earnings (CHF million) Net profit / (loss) attributable to UBS Group AG shareholders 1,209 1,977 792 (39) 53 3,186 1,846 Less: (profit) / loss on UBS Group AG equity derivative contracts 0 0 (3) (100) 0 (2) Net profit / (loss) attributable to UBS Group AG shareholders for diluted EPS 1,209 1,977 789 (39) 53 3,186 1,844 Weighted average shares outstanding Weighted average shares outstanding for basic EPS 3,658,358,904 3,642,212,051 3,752,038,863 0 (2) 3,650,285,477 3,759,022,348 Effect of dilutive potential shares resulting from notional shares, in-the-money options and warrants outstanding 89,721,119 81,099,757 82,622,660 11 9 85,478,220 84,207,566 Weighted average shares outstanding for diluted EPS 3,748,080,023 3,723,311,808 3,834,661,523 1 (2) 3,735,763,697 3,843,229,914 Earnings per share (CHF) Basic 0.33 0.54 0.21 (39) 57 0.87 0.49 Diluted 0.32 0.53 0.21 (40) 52 0.85 0.48 Shares outstanding 1 Shares issued 3,759,320,804 3,739,518,390 3,844,030,621 1 (2) Treasury shares 95,917,796 85,258,884 91,236,602 13 5 Shares outstanding 3,663,403,008 3,654,259,506 3,752,794,019 0 (2)

1 As UBS Group AG is considered to be the continuation of UBS AG, UBS AG share information is presented for the comparative period as of 30 June 2014. Refer to “Note 32 Changes in organization” of the UBS Group AG Annual Report 2014 for more information.

The table below outlines the potential shares which could dilute basic earnings per share in the future, but were not dilutive for the periods presented.

% change from Number of shares 30.6.15 31.3.15 30.6.14 1Q15 2Q14 30.6.15 30.6.14 Potentially dilutive instruments Employee share-based compensation awards 73,468,525 79,050,200 101,558,712 (7) (28) 73,468,525 101,558,712 Other equity derivative contracts 6,096,510 7,323,773 10,953,906 (17) (44) 5,392,074 10,796,338 Total 79,565,035 86,373,973 112,512,618 (8) (29) 78,860,599 112,355,050 Provisions for litigation, regulatory and similar matters by business division and Corporate Center unit CHF million Wealth Manage-ment Wealth Manage-mentAmericas Retail & Corporate GlobalAssetManagement Investment Bank CC –Services CC – Group ALM CC –Non-core and Legacy Portfolio UBS Balance as of 31 December 2014 188 209 92 53 1,258 312 0 941 3,053 Balance as of 31 March 2015 182 202 87 50 1,091 303 0 814 2,727 Increase in provisions recognized in the income statement 13 64 0 0 1 0 0 42 119 Release of provisions recognized in the income statement (3) (12) 0 0 (12) 0 0 (21) (48) Provisions used in conformity with designated purpose (2) (16) (1) (1) (326) 0 0 (12) (357) Foreign currency translation / unwind of discount (2) (9) 0 0 (30) 0 0 (32) (73) Balance as of 30 June 2015 188 229 86 48 724 302 0 791 2,368

Additional information

UBS expects to revalue its deferred tax assets (DTA) in the third quarter of 2015 as part of its annual planning process, and may consider extending the forecast period for US DTA recognition to seven years from six years. If a determination to change the forecast period is made, the combined effect of updated business forecasts and the extension of the forecast period for US DTA could result in a net upward DTA revaluation of around CHF 1.5 billion.

Consistent with changes in the manner in which operating segment performance is assessed, beginning in the second quarter of 2015, UBS now applies fair value accounting for certain internal funding transactions between Corporate Center – Group ALM and the Investment Bank and Corporate Center – Non-core and Legacy Portfolio rather than applying amortized cost accounting. This treatment better aligns with the mark-to-market basis on which these internal transactions are risk managed within the Investment Bank and Corporate Center – Non-core and Legacy Portfolio. The terms of the funding transactions remain otherwise unchanged. In connection with this change, UBS now presents own credit gains and losses on financial liabilities designated at fair value in Corporate Center – Group ALM instead of Corporate Center – Services. Prior periods have been restated to reflect these changes.

As a result of ongoing efforts to optimize our legal entity structure, UBS anticipates that some foreign currency translation gains and losses previously booked directly into equity through other comprehensive income will be released into profit and loss due to the sale or closure of branches and subsidiaries. In the second half of 2015, UBS expects to record net foreign currency translation losses of around CHF 120 million related to these disposals, although gains and losses could be recognized in different periods. Consistent with past practice, these gains and losses will be treated as adjusting items. The release of foreign currency translation losses to profit and loss will not affect shareholders' equity or regulatory capital.

In the second quarter of 2015, UBS's progressive capital buffer requirement for 2019 was reduced to 4.5% from 5.4%, reflecting updated LRD and market share information for 2014 provided by FINMA in June 2015. As a result UBS's total capital requirement on a fully-applied basis decreased to 17.5% for 2019 and 12.6% on a phase-in basis as of 30 June 2015.

UBS believes that the industry continues to operate in an environment where charges associated with litigation, regulatory and similar matters will remain elevated for the foreseeable future and the bank continues to be exposed to a number of significant claims and regulatory matters.

Quarterly Report and Presentation

In order to be transparent and counter certain incorrect and misleading information that has become public, UBS chose to release its second quarter 2015 results one day early.

UBS’s second quarter 2015 slide presentation will be available from 06:00 CEST on Monday, 27 July 2015 at www.ubs.com/quarterlyreporting. The Second Quarter Report and letter to shareholders will be available from 06:45 CEST on Tuesday, 28 July 2015 at www.ubs.com/quarterlyreporting.

UBS will hold a presentation of its second quarter 2015 results on Monday, 27 July 2015. The results will be presented by Sergio P. Ermotti, Group Chief Executive Officer, Tom Naratil, Group Chief Financial Officer and Group Chief Operating Officer, Caroline Stewart, Global Head of Investor Relations, and Hubertus Kuelps, Group Head of Communications & Branding.

Time

• 10:00–12.00 (CEST)

• 09:00–11.00 (BST)

• 04:00–06.00 (US EDT)

Audio webcast

The presentation for analysts can be followed live on www.ubs.com/quarterlyreporting with a simultaneous slide show.

Webcast playback

An audio playback of the results presentation will be made available at www.ubs.com/investors later in the day.

Cautionary statement regarding forward-looking statements – 2Q15

This release contains statements that constitute “forward-looking statements,” including but not limited to management’s outlook for UBS’s financial performance and statements relating to the anticipated effect of transactions and strategic initiatives on UBS’s business and future development. While these forward-looking statements represent UBS’s judgments and expectations concerning the matters described, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from UBS’s expectations. These factors include, but are not limited to: (i) the degree to which UBS is successful in executing its announced strategic plans, including its cost reduction and efficiency initiatives and its planned further reduction in its Basel III risk-weighted assets (RWA) and leverage ratio denominator (LRD), and to maintain its stated capital return objective; (ii) developments in the markets in which UBS operates or to which it is exposed, including movements in securities prices or liquidity, credit spreads, currency exchange rates and interest rates and the effect of economic conditions and market developments on the financial position or creditworthiness of UBS’s clients and counterparties, and the degree to which UBS is successful in implementing changes to its business to meet changing market, regulatory and other conditions; (iii) changes in the availability of capital and funding, including any changes in UBS’s credit spreads and ratings, or arising from requirements for bail-in debt or loss-absorbing capital; (iv) changes in or the implementation of financial legislation and regulation in Switzerland, the US, the UK and other financial centers that may impose, or result in, more stringent capital (including leverage ratio), liquidity and funding requirements, incremental tax requirements, additional levies, limitations on permitted activities, constraints on remuneration or other measures; (v) uncertainty as to when and to what degree the Swiss Financial Market Supervisory Authority (FINMA) will approve reductions to the incremental RWA resulting from the supplemental operational risk capital analysis mutually agreed to by UBS and FINMA, or will approve a limited reduction of capital requirements due to measures to reduce resolvability risk; (vi) the degree to which UBS is successful in establishing a US intermediate holding company and implementing the US enhanced prudential standards, completing the squeeze-out of minority shareholders of UBS AG, and other changes which UBS may make in its legal entity structure and operating model, including the possible consequences of such changes and other similar changes that have been made previously, and the potential need to make further changes to the legal structure or booking model of UBS Group in response to legal and regulatory requirements, including capital requirements, resolvability requirements and proposals in Switzerland and other countries for mandatory structural reform of banks; (vii) changes in UBS’s competitive position, including whether differences in regulatory capital and other requirements among the major financial centers will adversely affect UBS’s ability to compete in certain lines of business; (viii) changes in the standards of conduct applicable to our businesses that may result from new regulation or new enforcement of existing standards, including measures to impose new or enhanced duties when interacting with customers or in the execution and handling of customer transactions; (ix) the liability to which UBS may be exposed, or possible constraints or sanctions that regulatory authorities might impose on UBS, due to litigation, contractual claims and regulatory investigations; (x) the effects on UBS’s cross-border banking business of tax or regulatory developments and of possible changes in UBS’s policies and practices relating to this business; (xi) UBS’s ability to retain and attract the employees necessary to generate revenues and to manage, support and control its businesses, which may be affected by competitive factors including differences in compensation practices; (xii) changes in accounting or tax standards or policies, and determinations or interpretations affecting the recognition of gain or loss, the valuation of goodwill, the recognition of deferred tax assets and other matters; (xiii) limitations on the effectiveness of UBS’s internal processes for risk management, risk control, measurement and modeling, and of financial models generally; (xiv) whether UBS will be successful in keeping pace with competitors in updating its technology, particularly in trading businesses; (xv) the occurrence of operational failures, such as fraud, misconduct, unauthorized trading and systems failures; (xvi) restrictions to the ability of subsidiaries of the Group to make loans or distributions of any kind, directly or indirectly, to UBS Group AG; and (xvii) the effect that these or other factors or unanticipated events may have on our reputation and the additional consequences that this may have on our business and performance. The sequence in which the factors above are presented is not indicative of their likelihood of occurrence or the potential magnitude of their consequences. Our business and financial performance could be affected by other factors identified in our past and future filings and reports, including those filed with the SEC. More detailed information about those factors is set forth in documents furnished by UBS and filings made by UBS with the SEC, including UBS’s Annual Report on Form 20-F for the year ended 31 December 2014. UBS is not under any obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

Adjusted results

Unless otherwise indicated, second-quarter 2015 "adjusted" figures exclude each of the following items, to the extent applicable, on a Group and business division level: an own credit gain of CHF 259 million, a gain of CHF 56 million on the sale of UBS's Belgian domestic Wealth Management business, a gain from a further partial sale of our investment in Markit of CHF 11 million, as well as net restructuring charges of CHF 191 million and an impairment of an intangible asset of CHF 11 million. For the first quarter of 2015, the items we excluded were an own credit gain of CHF 226 million, gains on sales of real estate of CHF 378 million and a gain of CHF 141 million on the sale of a subsidiary, as well as net restructuring charges of CHF 305 million. Adjusted results are non-GAAP financial measures as defined by SEC regulations. Please refer to the "Group performance" section of the Second Quarter 2015 Report for more information on adjusted results.

Rounding

Numbers presented throughout this release may not add up precisely to the totals provided in the tables and text. Percentages, percent changes and absolute variances are calculated based on rounded figures displayed in the tables and text and may not precisely reflect the percentages, percent changes and absolute variances that would be derived based on figures that are not rounded.

Tables

Within tables, blank fields generally indicate that the field is not applicable or not meaningful, or that information is not available as of the relevant date or for the relevant period. Zero values generally indicate that the respective figure is zero on an actual or rounded basis.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150726005056/en/

UBS Group AG and UBS AGInvestor contactSwitzerland: +41-44-234 41 00orMedia contactSwitzerland: +41-44-234 85 00UK: +44-207-567 47 14Americas: +1-212-882 58 57APAC: +852-297-1 82 00www.ubs.com

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