<SEC-DOCUMENT>0001610520-18-000023.txt : 20180309
<SEC-HEADER>0001610520-18-000023.hdr.sgml : 20180309
<ACCEPTANCE-DATETIME>20180309093639
ACCESSION NUMBER:		0001610520-18-000023
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20171231
FILED AS OF DATE:		20180309
DATE AS OF CHANGE:		20180309

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UBS Group AG
		CENTRAL INDEX KEY:			0001610520
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			V8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36764
		FILM NUMBER:		18678673

	BUSINESS ADDRESS:	
		STREET 1:		BAHNHOFSTRASSE 45
		CITY:			ZURICH
		STATE:			V8
		ZIP:			CH-8001
		BUSINESS PHONE:		41-44-234-1111

	MAIL ADDRESS:	
		STREET 1:		BAHNHOFSTRASSE 45
		CITY:			ZURICH
		STATE:			V8
		ZIP:			CH-8001

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UBS AG
		CENTRAL INDEX KEY:			0001114446
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			V8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15060
		FILM NUMBER:		18678674

	BUSINESS ADDRESS:	
		STREET 1:		BAHNHOFSTRASSE 45
		STREET 2:		P O BOX CH 8001
		CITY:			ZURICH
		STATE:			V8
		ZIP:			CH 8001
		BUSINESS PHONE:		203-719-5241

	MAIL ADDRESS:	
		STREET 1:		600 WASHINGTON BLVD.
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06901
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>6kubsswitzerland2017.htm
<TEXT>

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<title>6kubsswitzerland2017</title>



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<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:16.0pt;layout-grid-mode:char;">UNITED
STATES</font></b></p>

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:16.0pt;layout-grid-mode:char;">SECURITIES
AND EXCHANGE COMMISSION</font></b></p>

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">Washington,
 D.C. 20549</font></p>

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">_________________</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:22.0pt;layout-grid-mode:char;">FORM
6-K</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:13.0pt;layout-grid-mode:char;">REPORT
OF FOREIGN PRIVATE ISSUER</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:13.0pt;layout-grid-mode:char;">PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER</font></b></p>

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:13.0pt;layout-grid-mode:char;">THE
SECURITIES EXCHANGE ACT OF 1934</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">Date:
March 9, 2018</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:16.5pt;layout-grid-mode:char;">UBS
Group AG</font></b></p>

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">Commission
File Number: 1-36764</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:16.5pt;layout-grid-mode:char;">UBS
AG</font></b></p>

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">Commission
File Number: 1-15060</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman,serif" lang=DE style="font-size:10.0pt;layout-grid-mode:char;">(Registrants' Name)</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman,serif" lang=DE style="font-size:11.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman,serif" lang=DE style="font-size:11.0pt;layout-grid-mode:char;">Bahnhofstrasse 45, Zurich, Switzerland and<br>
Aeschenvorstadt 1, Basel, Switzerland</font></p>

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;layout-grid-mode:char;">(Address
of principal executive offices)</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">Indicate
by check mark whether the registrants file or will file annual reports under
cover of Form 20&#8209;F or Form 40-F.</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<div style="border:solid white 1.0pt;border-bottom:double black 2.25pt;padding:0mm 0mm 0mm 0mm;">

<p align=center style="border:none;margin:0mm;margin-bottom:.0001pt;padding:0mm;text-align:center;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">Form 20-F&#160; </font><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:22.0pt;layout-grid-mode:char;">x&nbsp;</font><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Form 40-F&#160; </font><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:22.0pt;layout-grid-mode:char;">o&nbsp;</font></p>

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<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">This Form 6-K consists of the UBS Switzerland AG audited
standalone financial statements for the year ended 31 December 2017, which
appear immediately following this page.</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:char;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=red face=Helvetica,sans-serif lang=EN-US style="font-size:20.0pt;layout-grid-mode:char;">&#160;&nbsp;</font></p>









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<p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:58.0pt;">UBS Switzerland AG</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=red face=UBSHeadline,serif lang=EN-US style="font-size:18.0pt;">Standalone financial statements and regulatory information<br>
for the year ended 31 December 2017</font></p>









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<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160;&nbsp;</font></p>









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<p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:2.0pt;">&nbsp;</font></p>








<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:3.0pt;">
  <td valign=top width=7% style="height:3.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;line-height:11.5pt;">1</font></b></p>
  </td>
 <td valign=top width=7% style="height:3.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></b></p>
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 <td valign=top width=86% style="height:3.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><a href="#Fin_review_UBSAG_standalone_FS_EN"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">UBS Switzerland AG standalone
  financial statements (audited)</font></b></a></p>
  </td>
 </tr>
<tr style="height:3.0pt;">
  <td valign=top width=7% style="height:3.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;line-height:11.5pt;">&nbsp;</font></b></p>
  </td>
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  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><b><font color=#74726F face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;line-height:11.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=86% style="height:3.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>
  </td>
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<tr style="height:3.0pt;">
  <td valign=top width=7% style="height:3.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;line-height:11.5pt;">19</font></b></p>
  </td>
 <td valign=top width=7% style="height:3.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=86% style="height:3.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><a href="#CH_Reg_Info"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">UBS Switzerland AG standalone regulatory information</font></b></a></p>
  </td>
 </tr>
</table></div>










<p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160;&nbsp;</font></p>








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<p style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;tab-stops:11.3pt;text-align:justify;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>


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<p style="border:none;margin-bottom:77.0pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></font></p>


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<p style="margin-bottom:30.0pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:26.0pt;line-height:28.0pt;">UBS Switzerland AG standalone financial statements (audited)</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">Income statement</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=23% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">For the year ended</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Note</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Interest and discount income<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,552&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,795&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Interest and dividend income from trading portfolio</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Interest and dividend income from financial investments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;116&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;94&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Interest expense <sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(363)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(467)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Gross interest income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,304&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,423&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Credit loss (expense) / recovery</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(10)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Net interest income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,294&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,429&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Fee and commission income from securities and investment
  business</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,428&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,272&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Credit-related fees and commissions</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;171&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;156&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Other fee and commission income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;740&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;712&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Fee and commission expense</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(373)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(359)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Net fee and commission income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,966&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,782&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Net trading income </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;883&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;805&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Net income from disposal of financial investments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;159&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Dividend income from investments in subsidiaries and other
  participations</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;29&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;28&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Income from real estate holdings</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(1)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Sundry ordinary income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;193&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;198&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Sundry ordinary expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(17)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(58)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Other income from ordinary activities</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;207&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;326&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total operating income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;8,350&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;8,341&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Personnel expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,048&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,109&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">General and administrative expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,297&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,469&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Subtotal operating expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;5,345&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;5,578&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Impairment of investments in subsidiaries and other participations</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Depreciation and impairment of property, equipment and software</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;11&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;12&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Amortization and impairment of goodwill and other intangible
  assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,050&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,050&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Changes in provisions and other allowances and losses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total operating expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;6,419&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;6,644&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Operating profit</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,931&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,697&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Extraordinary income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Extraordinary expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Tax expense / (benefit)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;418&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;384&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=66% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Net profit / (loss) </font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,513&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,313&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=top width=100% style="border:none;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1 Interest and
  discount income includes negative interest income on financial assets of CHF
  85 million and CHF 111 million for the years ended 31 December 2017 and 31
  December 2016, respectively.&#160;&#160;&#160; 2 Interest expense includes negative interest
  expense on financial liabilities of CHF 170 million and CHF 136 million for
  the years ended 31 December 2017 and 31 December 2016, respectively.&#160;&#160;&#160; </font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><a name="Fin_review_UBSAG_standalone_FS_EN_bclEnd"></a><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>


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</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_7"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

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<p style="border:none;margin-bottom:65.5pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;mso-ansi-language:DE-CH;"><font color=#006600 face="Frutiger 45 Light,sans-serif" lang=DE-CH style="font-size:9.0pt;">UBS Switzerland AG standalone
financial statements (audited)</font></font></p>


</DIV>
<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:5.0pt;"></font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">Balance sheet </font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Note</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Assets</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Cash and balances with central banks</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;38,467&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;44,528&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Due from banks</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4,127&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4,355&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Receivables from securities financing transactions </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;34,830&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;25,930&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: cash collateral on securities borrowed</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;20,972&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;6,657&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: reverse repurchase agreements</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;13,858&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;19,273&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Due from customers</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8, 9</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;38,642&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;38,168&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Mortgage loans</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8, 9</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;145,674&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;146,061&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Trading portfolio assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,719&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,673&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Positive replacement values</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;11&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,784&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,133&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Financial investments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;12&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;21,615&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;27,002&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Accrued income and prepaid expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;225&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;264&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Investments in subsidiaries and other participations</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;56&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;56&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Property, equipment and software</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;92&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;19&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Goodwill and other intangible assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,363&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,413&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Other assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;716&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;893&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total assets</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;290,310&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;294,497&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Liabilities</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Due to banks</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;20,728&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;13,248&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: total loss-absorbing capacity eligible</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;11,400&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4,500&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Payables from securities financing transactions </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,644&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;6,903&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: cash collateral on securities lent</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,323&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,518&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: repurchase agreements</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;321&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;5,385&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Due to customers</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;241,374&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;248,796&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Trading portfolio liabilities</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;250&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;154&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Negative replacement values</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;11&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;791&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,212&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Bonds issued</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;8,367&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;8,331&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Accrued expenses and deferred income</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;836&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;929&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Other liabilities</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,389&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,276&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Provisions</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;145&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;186&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total liabilities</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;275,525&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;281,034&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Equity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Share capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;16&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">General reserve</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;12,139&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;12,139&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: statutory capital reserve</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;12,139&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;12,139&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 15.5pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: capital contribution reserve</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;12,139&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;12,139&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Voluntary earnings reserve</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,122&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Net profit / (loss) for the period</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,513&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,313&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total equity </font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;14,785&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;13,463&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total liabilities and equity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;290,310&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;294,497&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: subordinated liabilities</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,013&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4,521&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=68% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 15.5pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: subject to mandatory conversion and / or debt waiver </font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,013&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4,521&nbsp;</font></i></p>
  </td>
 </tr>
</table></div>






<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>


<DIV bclFooter>


<p style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-pagination:widow-orphan;tab-stops:11.3pt;text-align:justify;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;">2</font></font></p>


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</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_8"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

<DIV bclHeader>


<p style="border:none;margin-bottom:77.0pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></font></p>


</DIV>
<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:5.0pt;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">Balance sheet (continued)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Off-balance sheet items</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Contingent liabilities, gross</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;12,485&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9,608&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Sub-participations</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(1,017)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(976)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Contingent liabilities, net</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;11,468&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;8,632&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: guarantees to third parties related to subsidiaries</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;7&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;7&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: credit guarantees and similar instruments</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;5,718&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,180&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: performance guarantees and similar instruments</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,548&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,442&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: documentary credits</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,195&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,002&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Irrevocable commitments, gross</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9,054&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;8,780&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Sub-participations</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(4)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Irrevocable commitments, net</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9,050&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td nowrap width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;8,778&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: loan commitments</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;8,183&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;7,906&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: payment commitment related to deposit insurance</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;867&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;872&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Liabilities for calls on shares and other equity instruments</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;43&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;43&nbsp;</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>



<font face="Frutiger 45 Light,sans-serif" style="display:none;">
&nbsp;</font>



<p style="margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Off-balance sheet items</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">UBS Switzerland AG is jointly and severally liable for
the combined value added tax (VAT) liability of UBS entities that belong to the
VAT group of UBS in Switzerland. This contingent liability is not included in
the table above.</font></p>

<p style="margin-bottom:0mm;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Swiss deposit insurance</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Swiss banking law and the deposit insurance system
require Swiss banks and securities dealers to jointly guarantee an amount of up
to CHF 6 billion for privileged client deposits in the event that a Swiss bank
or securities dealer becomes insolvent. The Swiss Financial Market Supervisory
Authority (FINMA) estimates the share of UBS Switzerland AG from 1 July 2017 to
30 June 2018 to be CHF 867 million, which is reflected in the table above.</font></p>

<p style="margin-bottom:0mm;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Joint and several liability</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">In June 2015, the Personal &amp; Corporate Banking and
Wealth Management businesses booked in Switzerland were transferred from UBS AG
to UBS Switzerland AG through an asset transfer in accordance with the Swiss
Merger Act. Under the Swiss Merger Act, UBS AG assumed joint liability for
obligations existing on the asset transfer date, 14 June 2015, that were
transferred to UBS Switzerland AG.</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Similarly, under the terms of the asset transfer agreement, UBS
Switzerland AG assumed joint liability for approximately CHF 325 billion of
contractual obligations of UBS AG existing on the asset transfer date,
excluding the collateralized portion of secured contractual obligations and
covered bonds. UBS Switzerland AG has no liability for new obligations incurred
by UBS AG after the asset transfer date. The joint liability amount declines as
obligations mature, terminate or are novated following the asset transfer date.
</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">As of 31 December 2017, the joint liability of UBS Switzerland
AG for contractual obligations of UBS AG amounted to CHF 69 billion compared
with CHF 91 billion as of 31 December 2016. Under certain circumstances, the
Swiss Banking Act and the Bank Insolvency Ordinance of FINMA authorize FINMA to
modify, extinguish or convert to common equity liabilities of a bank in
connection with a resolution or insolvency of such bank. As of 31 December
2017, the probability of an outflow under this joint and several liability was
assessed to be remote, and as a result, the table above does not include any
exposures arising under this joint and several liability.</font></p>

<p style="margin-bottom:0mm;margin-left:22.7pt;margin-right:0mm;margin-top:0mm;text-indent:-11.35pt;"><font face=Symbol lang=EN-US style="font-size:7.5pt;font-weight:normal;line-height:11.5pt;">&#174;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:11.5pt;">&nbsp;&nbsp;
</font><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">Refer to &#8220;Establishment of UBS Switzerland AG&#8221; in the &#8220;Legal
entity financial and regulatory information&#8221; section of the UBS Group AG Annual
Report 2015 for more information</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>








<p style="margin:0mm;margin-bottom:.0001pt;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>









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<p align=right style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-pagination:widow-orphan;tab-stops:11.3pt;text-align:right;"><font style="border:none;display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;"></font></font><font style="border:none;"><font style="mso-no-proof:yes;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;">3</font></font></font><font style="border:none;"><font style="display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;"></font></font></font><font style="border:none;mso-bidi-font-size:9.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_9"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

<DIV bclHeader>


<p style="border:none;margin-bottom:65.5pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">UBS
Switzerland AG standalone financial statements (audited)</font></font></p>


</DIV>
<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:5.0pt;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td width=37% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">Statement of changes in equity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:19.5pt;">
  <td valign=bottom width=37% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Share capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Statutory capital reserve</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Voluntary earnings reserve</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Net profit / (loss) for the period</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total equity</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=37% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Balance as of 1 January 2016</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;13,072&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,068&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;14,149&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=37% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Dividends and other distributions</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(932)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(1,068)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(2,000)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=37% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Net profit / (loss) appropriation</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,068&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(1,068)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=37% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Net profit / (loss) for the period</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,313&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,313&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=37% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Balance as of 31 December 2016</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;12,139&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,313&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;13,463&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=37% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=37% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Balance as of 1 January 2017</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;12,139&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,313&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;13,463&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=37% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Dividends and other distributions</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(191)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(191)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=37% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Net profit / (loss) appropriation</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,122&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(1,122)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=37% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Net profit / (loss) for the period</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,513&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,513&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=37% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Balance as of 31 December 2017</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;12,139&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,122&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,513&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;14,785&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>



<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;padding:0mm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Statement of appropriation of retained earnings and
proposed dividend distribution out of voluntary earnings reserve</font></b></p>

</div>


<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The Board of Directors proposes that the Annual
General Meeting of Shareholders (AGM) on 20 April 2018 approve an ordinary
dividend distribution of CHF 2,351 million, consisting of the </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Net profit for
the period</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> of CHF 1,513 million and CHF 838 million out of </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Voluntary
earnings reserve</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">.&nbsp;</font></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;padding:0mm;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Proposed appropriation of retained earnings</font></b></p>

</div>


<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The Board of Directors proposes that the AGM on 20
April 2018 approve the following appropriation of retained earnings.</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:0mm;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:4.5pt;">
  <td width=86% style="height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=86% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">For the year ended</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=86% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=86% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Net profit for the period</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,513&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=86% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Retained earnings carried forward</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=86% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total retained earnings available for appropriation</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,513&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=86% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=86% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Appropriation of retained earnings</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=86% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Dividend distribution</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(1,513)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=86% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Retained earnings carried forward</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>



<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;padding:0mm;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Proposed dividend distribution out of voluntary
earnings reserve</font></b></p>

</div>


<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The Board of Directors proposes that the AGM on 20
April 2018 approve the following dividend distribution out of V</font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">oluntary
earnings reserve</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">.&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:0mm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.0pt;line-height:11.5pt;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:2.25pt;">
  <td width=86% style="height:2.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:2.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="height:2.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=86% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">For the year ended</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=86% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=86% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total voluntary earnings reserve before distribution</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,122&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=86% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Dividend distribution</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(838)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=86% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total voluntary earnings reserve after distribution</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;284&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>










<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><a name="Business_Activ_CH_AG_standalone_F"></a><a name="Notes_UBSCHAG_standalone_FS_EN"></a></p>
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<p style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-pagination:widow-orphan;tab-stops:11.3pt;text-align:justify;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;">4</font></font></p>


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<p style="border:none;margin-bottom:77.0pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></font></p>


</DIV>
<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;"></font></p>

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<p style="border:none;margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;padding:0mm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">1&#160;
Name, legal form and registered office<a name="Business_Activ_CH_AG_standalone_F_bclEnd"></a><a name="Notes_UBSCHAG_standalone_FS_EN_bclEnd"></a></font></b></p>

</div>









<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">UBS Switzerland AG is incorporated and domiciled in
Switzerland and operates under art. 620ff. of the Swiss Code of Obligations as
an Aktiengesellschaft, a corporation limited by shares. Its registered office
is at Bahnhofstrasse 45, CH-8001 Zurich, Switzerland. UBS Switzerland AG is
100% owned by UBS AG.</font></p>








<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160;&nbsp;</font></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;padding:0mm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note <a name="Acc_pol_CH_AG_standalone_FS_EN"></a><a name="Acc_pol_AG_standalone_FS_EN"></a></font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">2&#160; Accounting policies<a name="Acc_pol_AG_standalone_FS_EN_bclEnd"></a><a name="Acc_pol_CH_AG_standalone_FS_EN_bclEnd"></a></font></b></p>

</div>









<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">UBS Switzerland AG standalone financial statements are
prepared in accordance with Swiss GAAP (FINMA Circular 2015&nbsp;/&nbsp;1 and the
Banking Ordinance) and represent &#8220;reliable assessment statutory single-entity
financial statements.&#8221; The accounting policies are principally the same as for
the consolidated financial statements of UBS Group AG outlined in Note 1 to the
consolidated financial statements of UBS Group AG included in the UBS Group AG
Annual Report 2017. Major differences between the Swiss GAAP requirements and
International Financial Reporting Standards are described in Note 36 to the
consolidated financial statements of UBS Group AG. The significant accounting
policies applied for the standalone financial statements of UBS Switzerland AG
are discussed below.</font></p>

<p style="margin-bottom:0mm;margin-left:22.7pt;margin-right:0mm;margin-top:0mm;text-indent:-11.35pt;"><font face=Symbol lang=EN-US style="font-size:7.5pt;font-weight:normal;line-height:11.5pt;">&#174;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:11.5pt;">&nbsp;&nbsp;
</font><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">Refer to the UBS Group AG Annual Report 2017 for more information</font></b></p>

<p style="margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Risk management</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">UBS Switzerland AG is fully integrated into the
Group-wide risk management process described in the audited part of the &#8220;Risk
management and control&#8221; section of the UBS Group AG Annual Report 2017.</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Further information on the use of derivative instruments and
hedge accounting is provided in Notes 1 and 12 to the consolidated financial
statements of UBS Group AG.</font></p>

<p style="margin-bottom:0mm;margin-left:22.7pt;margin-right:0mm;margin-top:0mm;text-indent:-11.35pt;"><font face=Symbol lang=EN-US style="font-size:7.5pt;font-weight:normal;line-height:11.5pt;">&#174;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:11.5pt;">&nbsp;&nbsp;
</font><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">Refer to the UBS Group AG Annual Report 2017 for more information</font></b></p>

<p style="margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Compensation policy</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The compensation structure and processes of UBS
Switzerland AG conform to the compensation principles and framework of UBS
Group AG. For detailed information refer to the Compensation Report of UBS
Group AG.</font></p>

<p style="margin-bottom:0mm;margin-left:22.7pt;margin-right:0mm;margin-top:0mm;text-indent:-11.35pt;"><font face=Symbol lang=EN-US style="font-size:7.5pt;font-weight:normal;line-height:11.5pt;">&#174;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:11.5pt;">&nbsp;&nbsp;
</font><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">Refer to the UBS Group AG Annual Report 2017 for more information</font></b></p>

<p style="margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Foreign currency translation</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Transactions denominated in foreign currency are
translated into Swiss francs at the spot exchange rate on the date of the
transaction. At the balance sheet date, all monetary assets and liabilities, as
well as equity instruments recorded in </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Trading portfolio
assets </font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">and </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Financial investments</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> denominated
in foreign currency, are translated into Swiss francs using the closing
exchange rate. Non-monetary items measured at historic cost are translated at
the spot exchange rate on the date of the transaction. All currency translation
effects are recognized in the income statement.</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The main currency translation rates used by UBS Switzerland AG
are provided in Note 34 to the consolidated financial statements of UBS Group
AG.</font></p>

<p style="margin-bottom:0mm;margin-left:22.7pt;margin-right:0mm;margin-top:0mm;text-indent:-11.35pt;"><font face=Symbol lang=EN-US style="font-size:7.5pt;font-weight:normal;line-height:11.5pt;">&#174;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:11.5pt;">&nbsp;&nbsp;
</font><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">Refer to the UBS Group AG Annual Report 2017 for more information</font></b></p>

<p style="margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Group-internal funding</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">UBS Switzerland AG obtains funding from UBS AG in the
form of loans that qualify as going concern additional tier 1 capital and as
gone concern loss-absorbing capacity at the UBS Switzerland AG standalone
level. </font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Where such Group-internal funding is eligible to meet the
requirements for total loss-absorbing capacity (TLAC) at the level of UBS
Switzerland AG, the aggregate amount of the respective obligations is
separately disclosed on the balance sheet. For those TLAC instruments that are
eligible to meet the going concern capital requirements, i.e. are subordinated
and subject to mandatory conversion and / or debt waiver as explained below,
the aggregate corresponding amounts are disclosed on the balance sheet.</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Obligations of UBS Switzerland AG arising from Group-internal
funding it has received are presented as </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Due to banks</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> and measured at
amortized cost. </font></p>

<p style="margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Subordinated assets and liabilities</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Subordinated assets are comprised of claims that,
based on an irrevocable written declaration, in the event of liquidation,
bankruptcy or composition concerning the debtor, rank after the claims of all
other creditors and may not be offset against amounts payable to the debtor nor
be secured by its assets. Subordinated liabilities are comprised of
corresponding obligations.</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Subordinated assets and liabilities that contain a
point-of-non-viability clause in accordance with Swiss capital requirements per
articles 29 and 30 of the Capital Adequacy Ordinance are disclosed as being </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">subject
to mandatory conversion and / or debt waiver</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> and provide for the claim or
the obligation to be written off or converted into equity in the event that the
issuing bank reaches a point of non-viability.</font></p>




<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>









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<p align=right style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-pagination:widow-orphan;tab-stops:11.3pt;text-align:right;"><font style="border:none;display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;"></font></font><font style="border:none;"><font style="mso-no-proof:yes;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;">5</font></font></font><font style="border:none;"><font style="display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;"></font></font></font><font style="border:none;mso-bidi-font-size:9.0pt;">&nbsp;</font></p>


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<p style="border:none;margin-bottom:65.5pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">UBS
Switzerland AG standalone financial statements (audited)</font></font></p>


</DIV>
<p style="margin:0mm;margin-bottom:.0001pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;">&nbsp;</font></b></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;padding:0mm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">2&#160;
Accounting policies </font></b><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">(continued)&nbsp;</font></b></p>

</div>









<p style="margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Services received from and
provided to Group entities</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">UBS Switzerland AG receives services from UBS Business
Solutions AG, the main Group service company, mainly relating to Group
Technology, Group Operations and Group Corporate Services, as well as certain
other services from other Group entities. UBS Switzerland AG provides services
to Group entities mainly relating to the distribution of security and
investment products. Services received from and provided to Group entities are
settled in cash as hard cost transfers or hard revenue transfers paid or
received.</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">When the nature of the underlying transaction between UBS Switzerland
AG and the Group entity contains a single, clearly identifiable service
element, related income and expenses are presented in the respective income
statement line item, e.g., </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Fee and commission income from
securities and investment business, Other fee and commission income, Fee and
commission expense, Net trading income</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;font-style:normal;line-height:11.5pt;"> </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">or&nbsp;</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;font-style:normal;line-height:11.5pt;"> </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">General and administrative expenses.</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;font-style:normal;line-height:11.5pt;"> </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">To the extent the
nature of the underlying transaction contains various service elements and is
not clearly attributable to a particular income statement line item, related
income and expenses are presented in</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;font-style:normal;line-height:11.5pt;"> </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Sundry ordinary income</font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;"> and</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;font-style:normal;line-height:11.5pt;"> </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Sundry ordinary expenses.</font></i></p>

<p style="margin-bottom:0mm;margin-left:22.7pt;margin-right:0mm;margin-top:0mm;text-indent:-11.35pt;"><font face=Symbol lang=EN-US style="font-size:7.5pt;font-weight:normal;line-height:11.5pt;">&#174;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:11.5pt;">&nbsp;&nbsp;
</font><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">Refer to Note 5 for more information</font></b></p>

<p style="margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Pension and other post-employment benefit plans</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Swiss GAAP permits the use of IFRS or Swiss accounting
standards for pension and other post-employment benefit plans, with the election
made on a plan-by-plan basis.</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">UBS Switzerland AG has elected to apply Swiss GAAP (FER 16)
for its pension plan. The requirements of Swiss GAAP are better aligned with
the specific nature of Swiss pension plans, which are hybrid in that they
combine elements of defined contribution and defined benefit plans but are
treated as defined benefit plans under IFRS. Swiss GAAP requires that the
employer contributions to the pension fund are recognized as </font><i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Personnel expenses </font></i><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">in the income statement. The employer
contributions to the Swiss pension fund are determined as a percentage of
contributory compensation. Furthermore, Swiss GAAP requires an assessment as to
whether, based on the financial statements of the pension fund prepared in
accordance with Swiss accounting standards (FER 26), an economic benefit to, or
obligation of, UBS Switzerland AG arises from the pension fund and is recognized
in the balance sheet when conditions are met. Conditions for recording a
pension asset or liability would be met if, for example, an employer
contribution reserve is available or UBS Switzerland AG is required to
contribute to the reduction of a pension deficit (on a FER 26 basis).</font></p>

<p style="margin-bottom:0mm;margin-left:22.7pt;margin-right:0mm;margin-top:0mm;text-indent:-11.35pt;"><font face=Symbol lang=EN-US style="font-size:7.5pt;font-weight:normal;line-height:11.5pt;">&#174;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:11.5pt;">&nbsp;&nbsp;
</font><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">Refer to Note 17 for more information</font></b></p>

<p style="margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Goodwill</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">As part of the business transfer to UBS Switzerland
AG, mainly of the Personal &amp; Corporate Banking and Wealth Management
businesses booked in Switzerland, from UBS AG effective 1 April 2015, UBS
Switzerland AG recognized goodwill of CHF 5,250 million. This goodwill is
amortized on a straight-line basis over five years and assessed for impairment
annually.</font></p>

<p style="margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Deferred taxes</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Deferred tax assets are not recognized in UBS Switzerland
AG&#8217;s standalone financial statements. However, deferred tax liabilities may be
recognized for taxable temporary differences. Changes in the deferred tax
liability balance are recognized in the income statement.</font></p>

<p style="margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Dispensations in the standalone financial statements</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">As UBS Switzerland AG has no listed shares outstanding
and is within the scope of the UBS Group AG consolidated financial statements
prepared in accordance with IFRS, UBS Switzerland AG is exempt from various
disclosures in the standalone financial statements. The dispensations include
the management report and the statement of cash flows, as well as various note
disclosures.</font></p>








<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>













<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&#160;&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><a name="Net_Tr_income_CH_standalone_FS_EN"></a></p>
<DIV bclFooter>


<p style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-pagination:widow-orphan;tab-stops:11.3pt;text-align:justify;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;">6</font></font></p>


</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_12"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

<DIV bclHeader>


<p style="border:none;margin-bottom:77.0pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></font></p>


</DIV>
<p style="margin:0mm;margin-bottom:.0001pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;"></font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;">&nbsp;</font></b></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin:0mm;margin-bottom:.0001pt;padding:0mm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">3a&#160; Net trading income by business<a name="Net_Tr_income_CH_standalone_FS_EN_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:12.0pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=22% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">For the year ended</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Wealth Management</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;414&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;399&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Personal &amp; Corporate Banking</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;418&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;381&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Other business divisions and Corporate Center</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;51&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;24&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total net trading income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;883&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;805&nbsp;</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:.0001pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;padding:0mm;"><a name="Net_Tr_income_risk_CH_standalone_"></a><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">3b&#160; Net
trading income by underlying risk category<a name="Net_Tr_income_risk_CH_standalone__bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.5pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=22% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">For the year ended</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Interest rate instruments (including funds)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;58&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Foreign exchange instruments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;823&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;778&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Equity instruments (including funds)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(3)&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Credit instruments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;6&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Precious metals / commodities</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;17&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total net trading income</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;883&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;805&nbsp;</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:0mm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:0mm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:0mm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:.0001pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;padding:0mm;"><a name="Personnel_Expenses_CH_standalone_"></a><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">4&#160;
Personnel expenses<a name="Personnel_Expenses_CH_standalone__bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=22% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">For the year ended</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Salaries</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,229&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,299&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Variable compensation &#8211; performance awards</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;413&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;392&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Variable compensation &#8211; other</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;12&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;23&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Contractors</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Social security</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;106&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;105&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Pension and other post-employment benefit plans</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;237&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;242&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Other personnel expenses</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;48&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;45&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total personnel expenses</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,048&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,109&nbsp;</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">As of 31 December 2017, UBS Switzerland AG employed
9,533 personnel (31 December 2016: 9,857) on a full-time equivalent basis.</font></p>




<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><a name="Gen_Adm_exp_CH_standalone_FS_EN"></a></p>
<DIV bclFooter>


<p align=right style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-pagination:widow-orphan;tab-stops:11.3pt;text-align:right;"><font style="border:none;display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;"></font></font><font style="border:none;"><font style="mso-no-proof:yes;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;">7</font></font></font><font style="border:none;"><font style="display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;"></font></font></font><font style="border:none;mso-bidi-font-size:9.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_13"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

<DIV bclHeader>


<p style="border:none;margin-bottom:65.5pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">UBS Switzerland AG standalone financial statements
(audited)</font></font></p>


</DIV>
<p style="margin:0mm;margin-bottom:.0001pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;">&nbsp;</font></b></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin:0mm;margin-bottom:.0001pt;padding:0mm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">5&#160; General and administrative expenses<a name="Gen_Adm_exp_CH_standalone_FS_EN_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=22% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">For the year ended</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Occupancy</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Rent and maintenance of IT equipment</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;6&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Communication and market data services</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;28&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;29&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Administration</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,754&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,927&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: hard cost transfers paid<sup>1</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,648&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,817&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Marketing and public relations</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;159&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;177&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Travel and entertainment</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;96&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;97&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Fees to audit firms</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: financial and regulatory audits</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;7&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: audit-related services</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Other professional fees</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;103&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;102&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Outsourcing of IT and other services </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;138&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;120&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total general and administrative expenses</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,297&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,469&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=4 valign=top width=100% style="border:none;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1 Represents
  expenses for services provided by UBS Group AG and subsidiaries in the UBS
  Group to UBS Switzerland AG. </font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:.0001pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;padding:0mm;"><a name="Taxes_CH_standalone_FS_EN"></a><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">6&#160; Taxes<a name="Taxes_CH_standalone_FS_EN_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=22% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">For the year ended</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Income tax expense / (benefit)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;391&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;350&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: current</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;391&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;350&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: deferred</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Capital tax</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;27&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;34&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=77% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total tax expense / (benefit)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;418&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;384&nbsp;</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>








<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">For the year ended 31 December 2017, the average tax
rate, defined as income tax expense divided by the sum of operating profit and
extraordinary income minus extraordinary expenses and capital tax, was 20.5%
(2016: 21.0%).</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:0mm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>








<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:.0001pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;padding:0mm;"><a name="Sec_Fin_Trans_CH_standalone_FS_EN"></a><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">7&#160;
Securities financing transactions<a name="Sec_Fin_Trans_CH_standalone_FS_EN_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=75% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF billion</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=75% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=75% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">On-balance sheet</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=75% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Receivables from securities financing transactions, gross</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;37.4&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;26.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=75% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Netting of securities financing transactions</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(2.6)&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(0.2)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=75% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Receivables from securities financing transactions, net</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;34.8&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;25.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=75% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Payables from securities financing transactions, gross</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4.2&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;7.1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=75% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Netting of securities financing transactions</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(2.6)&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(0.2)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=75% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Payables from securities financing transactions, net</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1.6&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;6.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=75% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=75% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Off-balance sheet</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=75% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Fair value of assets received as collateral in connection with
  securities financing transactions</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;136.6&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;121.9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=75% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: repledged</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;98.9&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;100.4&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=75% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: sold in connection with short sale transactions</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0.3&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0.2&nbsp;</font></i></p>
  </td>
 </tr>
</table></div>






<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><a name="Collateral_CH_standalone_FS_EN"></a></p>
<DIV bclFooter>


<p style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-pagination:widow-orphan;tab-stops:11.3pt;text-align:justify;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;">8</font></font></p>


</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_14"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

<DIV bclHeader>


<p style="border:none;margin-bottom:77.0pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></font></p>


</DIV>
<p style="margin:0mm;margin-bottom:.0001pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;">&nbsp;</font></b></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin:0mm;margin-bottom:.0001pt;padding:0mm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">8a&#160; Collateral for loans and off-balance sheet transactions<a name="Collateral_CH_standalone_FS_EN_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=17% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=9 width=41% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=9 width=40% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=17% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=26% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Secured</font></b></p>
  </td>
 <td width=1% style="border:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Unsecured</font></b></p>
  </td>
 <td width=1% style="border:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=25% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Secured</font></p>
  </td>
 <td width=1% style="border:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Unsecured</font></p>
  </td>
 <td width=1% style="border:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=17% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=16% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Secured by collateral</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=2 valign=bottom width=9% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Secured by </font></b></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">other credit </font></b></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">enhancements<sup>2</sup></font></b></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=15% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Secured by collateral</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=2 valign=bottom width=9% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Secured by </font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">other credit </font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">enhancements<sup>2</sup></font></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:19.5pt;">
  <td valign=bottom width=17% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Real estate</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Other</font></b></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">collateral<sup>1</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Real estate</font></p>
  </td>
 <td width=1% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Other</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">collateral<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td width=17% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;height:6.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=17% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">On-balance sheet</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=17% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Due from customers, gross</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,330&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;27,109&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,200&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9,460&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;39,100&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,506&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;25,890&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,519&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9,713&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;38,627&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=17% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Mortgage loans, gross</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;145,692&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;145,692&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;146,095&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;146,095&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=17% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: residential mortgages</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;126,868&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;126,868&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;126,442&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;126,442&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:17.25pt;">
  <td width=17% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: office and business premises mortgages</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;6,355&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;6,355&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;6,975&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;6,975&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:17.25pt;">
  <td width=17% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: industrial premises mortgages</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,841&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,841&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,890&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:17.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,890&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=17% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: other mortgages</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9,628&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9,628&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9,788&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9,788&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=17% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total on-balance sheet, gross </font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;147,022&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;27,109&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,200&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9,460&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;184,791&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;147,600&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;25,890&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,519&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9,713&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;184,722&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=17% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Allowances</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(20)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(65)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(62)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(327)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(475)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(36)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(71)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(53)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(332)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(492)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=17% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total on-balance sheet, net </font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;147,002&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;27,044&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,138&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9,133&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;184,317&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;147,564&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;25,819&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,465&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9,382&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;184,229&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=17% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=17% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Off-balance sheet</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=17% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Contingent liabilities, gross</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;179&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,490&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,193&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;8,623&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;12,485&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;184&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,481&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,112&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;5,831&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9,608&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=17% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Irrevocable commitments, gross</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=8% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;615&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;542&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;162&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;7,735&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9,054&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;606&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;528&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;83&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;7,562&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;8,780&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:17.25pt;">
  <td width=17% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Liabilities for calls on shares and other equities</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;43&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;43&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;43&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:17.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;43&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=17% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total off-balance sheet </font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=8% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;794&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,032&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,355&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;16,402&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;21,582&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;790&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,009&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,196&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=7% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;13,436&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;18,430&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td colspan=21 valign=top width=100% style="border:none;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1 Includes but
  is not limited to deposits, securities, life insurance contracts, inventory,
  accounts receivable, patents and copyrights.&#160;&#160;&#160; 2 Includes credit default
  swaps and guarantees.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:.0001pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;padding:0mm;"><a name="Impaired_fin_CH_standalone_FS_EN"></a><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">8b&#160;
Impaired financial instruments<a name="Impaired_fin_CH_standalone_FS_EN_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td valign=bottom width=22% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 width=37% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:36.0pt;">
  <td valign=bottom width=22% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Gross impaired financial instruments</font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Allowances and</font></b></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">provisions<sup>1</sup></font></b></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Estimated liquidation</font></b></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">proceeds of collateral</font></b></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Net impaired financial instruments</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Gross impaired financial instruments</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Allowances and</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">provisions<sup>1</sup></font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Estimated liquidation</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">proceeds of collateral</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Net impaired financial instruments</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=22% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Amounts due from banks</font></p>
  </td>
 <td valign=top width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=22% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Amounts due from customers</font></p>
  </td>
 <td valign=top width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;616&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;457&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;60&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;99&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;649&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;464&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;12&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;174&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=22% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Mortgage loans</font></p>
  </td>
 <td valign=top width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;115&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;17&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;77&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;21&nbsp;</font></b></p>
  </td>
 <td valign=top width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;146&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;29&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;110&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=22% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Guarantees and loan commitments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;170&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;28&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;5&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;138&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;236&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;41&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;185&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=22% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total impaired financial instruments</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;905&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;505&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;142&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;258&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,034&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;536&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;132&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;366&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=11 valign=top width=100% style="border:none;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1 Includes CHF 5
  million collective loan loss allowances (31 December 2016: CHF 5 million).</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:.0001pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;padding:0mm;"><a name="Allowances_CH_standalone_FS_EN"></a><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">9a&#160;
Allowances<a name="Allowances_CH_standalone_FS_EN_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:36.0pt;">
  <td valign=bottom width=21% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Balance</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">as of</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Increase</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">recognized</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">in the</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">income</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">statement</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Release</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">recognized</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">in the</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">income</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">statement</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Write-offs</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Recoveries</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">and past</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">due interest</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Reclassifications</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Foreign</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">currency</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">translation</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Balance</font></b></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">as of</font></b></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 </tr>
<tr style="height:19.5pt;">
  <td width=21% style="border:none;border-bottom:dotted #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Specific allowances for amounts due from customers and mortgage
  loans</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;488&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;119&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(108)&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(76)&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;39&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;470&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=21% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Specific allowances for amounts due from banks</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=21% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Collective allowances<sup>1</sup></font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;5&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=21% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total allowances</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;495&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;120&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(109)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(76)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;39&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;477&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=9 valign=top width=100% style="border:none;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1 Mainly relates
  to amounts due from customers.&#160;&#160;&#160; </font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><a name="Provisions_CH_standalone_FS_EN"></a></p>
<DIV bclFooter>


<p align=right style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-pagination:widow-orphan;tab-stops:11.3pt;text-align:right;"><font style="border:none;display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;"></font></font><font style="border:none;"><font style="mso-no-proof:yes;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;">9</font></font></font><font style="border:none;"><font style="display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;"></font></font></font><font style="border:none;mso-bidi-font-size:9.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_15"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

<DIV bclHeader>


<p style="border:none;margin-bottom:65.5pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">UBS
Switzerland AG standalone financial statements (audited)</font></font></p>


</DIV>
<p style="margin:0mm;margin-bottom:.0001pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;">&nbsp;</font></b></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin:0mm;margin-bottom:.0001pt;padding:0mm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">9b&#160; Provisions<a name="Provisions_CH_standalone_FS_EN_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:36.0pt;">
  <td valign=bottom width=30% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Balance </font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">as of </font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Increase</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">recognized</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">in the</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">income</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">statement</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Release</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">recognized</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">in the</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">income</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">statement</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Provisions</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">used in</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">conformity</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">with</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">designated</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">purpose</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Recoveries</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Reclassification</font></p>
  </td>
 <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:36.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;Balance&nbsp;</font></b></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">as of</font></b></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=30% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Default risk related to loan commitments and guarantees</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;41&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(3)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(13)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;28&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=30% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Operational risks</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=30% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Litigation, regulatory and similar matters<sup>1</sup></font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;79&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;13&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(12)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;78&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=30% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Restructuring </font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;32&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;28&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(7)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(44)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=30% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Employee benefits</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;19&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(7)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;16&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=30% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Other</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;12&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=30% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total provisions</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;186&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;53&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(23)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(59)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(13)&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;145&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=8 valign=top width=100% style="border:none;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1 Includes
  provisions for litigation resulting from security risks.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:.0001pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;padding:0mm;"><a name="TPA_CH_standalone_FS_EN"></a><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">10&#160; Trading
portfolio and other financial instruments measured at fair value<a name="TPA_CH_standalone_FS_EN_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Assets</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Trading portfolio assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,719&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,673&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: debt instruments<sup>1</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;37&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 15.5pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: listed</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;23&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;5&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: equity instruments</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;54&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;20&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: precious metals and other physical commodities</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,628&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,645&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total assets measured at fair value</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,719&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,673&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: fair value derived using a valuation model</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;57&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;23&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: securities eligible for repurchase transactions in
  accordance with liquidity regulations<sup>2</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;16&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Liabilities</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Trading portfolio liabilities</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;250&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;154&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: debt instruments<sup>1</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;111&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;106&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 15.5pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: listed</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;97&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;87&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: equity instruments</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;139&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;48&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total liabilities measured at fair value</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;250&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;154&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: fair value derived using a valuation model</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;222&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;130&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=5 valign=top width=100% style="border:none;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1 Includes money
  market paper.&#160;&#160;&#160; 2 Consists of high-quality liquid debt securities that are
  eligible for repurchase transactions at the Swiss National Bank or other
  central banks.</font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><a name="Derivatives_CH_standalone_FS_EN"></a></p>
<DIV bclFooter>


<p style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-pagination:widow-orphan;tab-stops:11.3pt;text-align:justify;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;">10</font></font></p>


</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_16"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

<DIV bclHeader>


<p style="border:none;margin-bottom:77.0pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></font></p>


</DIV>
<p style="margin:0mm;margin-bottom:.0001pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;">&nbsp;</font></b></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin:0mm;margin-bottom:.0001pt;padding:0mm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">11&#160; Derivative instruments<a name="Derivatives_CH_standalone_FS_EN_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.5pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=29% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=1% style="height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=30% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:27.0pt;">
  <td valign=bottom width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million, except where indicated</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">PRV<sup>2</sup></font></b></p>
  </td>
 <td width=1% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:27.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:27.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">NRV<sup>3</sup></font></b></p>
  </td>
 <td width=1% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:27.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:27.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total notional values</font></b></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">(CHF billion)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:27.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">PRV<sup>2</sup></font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:27.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:27.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">NRV<sup>3</sup></font></p>
  </td>
 <td valign=bottom width=1% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:27.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:27.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total notional values</font></p>
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">(CHF billion)</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Interest rate contracts</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Forwards<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;32&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;30&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;6&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;26&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;30&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Swaps</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,181&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,877&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;185&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,776&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,563&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;189&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: designated in hedge accounting relationships</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;805&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;271&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;31&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;977&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;404&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;37&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Over-the-counter (OTC) options</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;62&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;58&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;5&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;84&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;80&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total </font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,274&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,964&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;196&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,886&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,673&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;203&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Foreign exchange contracts</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Forwards </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;395&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;378&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;34&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;563&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;547&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;41&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Interest and currency swaps</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;634&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;497&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;92&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;846&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;595&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;104&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Over-the-counter (OTC) options</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;199&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;198&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;27&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;332&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;332&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;28&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total </font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,228&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,073&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;153&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,742&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,473&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;172&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Equity / index contracts</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Forwards </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;18&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;19&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;26&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;26&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Swaps</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Over-the-counter (OTC) options</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;147&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;147&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;291&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;291&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Exchange-traded options</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><sup><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;236&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><sup><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;236&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><sup><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><sup><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;255&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;255&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total </font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;403&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;405&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;6&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;574&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;574&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;8&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Credit derivative contracts</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Credit default swaps</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><sup><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;20&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><sup><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;37&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><sup><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><sup><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></sup></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;20&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;37&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Commodity, precious metals and other contracts</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Forwards </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;16&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;15&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Swaps</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;13&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;13&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;45&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;45&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Over-the-counter (OTC) options</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;173&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;173&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;15&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;195&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;195&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;196&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;196&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;17&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;256&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;255&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total before netting</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4,123&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,675&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;372&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;5,458&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4,982&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;394&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: trading derivatives</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,318&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,404&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4,481&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4,578&nbsp;</font></i></p>
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 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
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 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
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 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 15.5pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: fair value derived using a valuation model</font></i></p>
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 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,273&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,365&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4,432&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4,532&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
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 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: derivatives designated in hedge accounting
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 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;805&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;271&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;977&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;404&nbsp;</font></i></p>
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 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
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 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
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 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 15.5pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: fair value derived using a valuation model</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;805&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;271&nbsp;</font></i></b></p>
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 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
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 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;977&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;404&nbsp;</font></i></p>
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 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
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 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
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 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
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 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
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 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(546)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
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  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
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  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(445)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
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 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
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 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(2,338)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
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 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(2,338)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
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  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(3,325)&nbsp;</font></p>
  </td>
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  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
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  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(3,325)&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total after netting</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,784&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;791&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,133&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,212&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: with bank and broker-dealer counterparties</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;117&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;214&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;112&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;259&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:9.95pt;">
  <td width=39% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: other client counterparties</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,667&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;577&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,021&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;954&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.95pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td colspan=13 valign=top width=100% style="border:none;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1 Includes
  forward rate agreements.&#160;&#160; 2 PRV: positive replacement values.&#160;&#160; 3 NRV:
  negative replacement values.</font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><a name="FI_Instrument_CH_standalone_FS_EN"></a></p>
<DIV bclFooter>


<p align=right style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-pagination:widow-orphan;tab-stops:11.3pt;text-align:right;"><font style="border:none;display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;"></font></font><font style="border:none;"><font style="mso-no-proof:yes;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;">11</font></font></font><font style="border:none;"><font style="display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;"></font></font></font><font style="border:none;mso-bidi-font-size:9.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_17"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

<DIV bclHeader>


<p style="border:none;margin-bottom:65.5pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">UBS
Switzerland AG standalone financial statements (audited)</font></font></p>


</DIV>
<p style="margin:0mm;margin-bottom:.0001pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;">&nbsp;</font></b></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin:0mm;margin-bottom:.0001pt;padding:0mm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">12a&#160; Financial investments by instrument type<a name="FI_Instrument_CH_standalone_FS_EN_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.5pt;">
  <td width=59% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=20% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=1% style="height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=19% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=59% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Carrying value</font></b></p>
  </td>
 <td width=9% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Fair value</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Carrying value</font></p>
  </td>
 <td width=9% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Fair value</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=59% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Debt instruments </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;21,555&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;21,411&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;26,943&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;26,803&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=59% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;of which: held to maturity</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;8,215&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;8,061&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;8,762&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;8,595&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=59% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: available for sale</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;13,340&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;13,350&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;18,181&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;18,208&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=59% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Equity instruments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;18&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;26&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;18&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;18&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=59% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Property</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;42&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;42&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;42&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;42&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=59% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total financial investments</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;21,615&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;21,480&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;27,002&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;26,863&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=59% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: securities eligible for repurchase transactions in
  accordance with liquidity regulations<sup>1</sup></font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;21,297&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;21,153&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;26,666&nbsp;</font></i></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;26,526&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=top width=100% style="border:none;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1 Consists of
  high-quality liquid debt securities that are eligible for repurchase
  transactions at the Swiss National Bank (SNB) or other central banks.</font></p>
  </td>
 </tr>
</table></div>



<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:.0001pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;padding:0mm;"><a name="FI_CPTY_CH_standalone_FS_EN"></a><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">12b&#160; Financial
investments by counterparty rating &#8211; debt instruments<a name="FI_CPTY_CH_standalone_FS_EN_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Internal UBS rating<sup>1</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0&#8211;1</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;16,880&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;23,883&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2&#8211;3</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4,675&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,060&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4&#8211;5</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">6&#8211;8</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">9&#8211;13</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Non-rated</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total financial investments</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;21,555&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;26,943&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td colspan=5 valign=top width=100% style="border:none;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1&#160; Refer to Note
  15 for more information.</font></p>
  </td>
 </tr>
</table></div>



<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:.0001pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;padding:0mm;"><a name="Other_assets_CH_standalone_FS_EN"></a><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">13a&#160;
Other assets<a name="Other_assets_CH_standalone_FS_EN_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Deferral position for hedging instruments</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;99&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;95&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Settlement and clearing accounts</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;394&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;292&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">VAT and other indirect tax receivables</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;17&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;27&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Other</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;207&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;478&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: other receivables due from UBS Group AG and
  subsidiaries in the UBS Group</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;181&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;417&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total other assets</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;716&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;893&nbsp;</font></p>
  </td>
 </tr>
</table></div>



<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:.0001pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;padding:0mm;"><a name="Other_liabilities_CH_standalone_F"></a><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">13b&#160;
Other liabilities<a name="Other_liabilities_CH_standalone_F_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Settlement and clearing accounts</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;683&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;593&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">VAT and other indirect tax payables</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;91&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;112&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Other </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;615&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;571&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: other payables due to UBS Group AG and subsidiaries in
  the UBS Group</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;328&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;333&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total other liabilities</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,389&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,276&nbsp;</font></p>
  </td>
 </tr>
</table></div>



<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;padding:0mm;"><a name="pledged_assets_CH_standalone_FS_E"></a><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">14&#160; Pledged assets<a name="pledged_assets_CH_standalone_FS_E_bclEnd"></a></font></b></p>

</div>









<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">As of 31 December 2017, assets pledged by UBS
Switzerland AG were entirely comprised of mortgage loans with a carrying value
of CHF 17,631 million (31 December 2016: CHF 19,887 million) with a related
effective commitment of CHF 12,457 million (31&nbsp;December 2016: CHF 14,138
million), excluding assets pledged for securities financing transactions. These
pledged mortgage loans serve as collateral for existing liabilities against
Swiss central mortgage institutions and for existing covered bond issuances. Of
these pledged mortgage loans, approximately CHF&nbsp;2.1 billion as of 31
December 2017 (approximately CHF 1.9 billion as of 31 December 2016) could be
withdrawn or used for future liabilities or covered bond issuances without
breaching existing collateral requirements.</font></p>

<p style="margin-bottom:0mm;margin-left:22.7pt;margin-right:0mm;margin-top:0mm;text-indent:-11.35pt;"><font face=Symbol lang=EN-US style="font-size:7.5pt;font-weight:normal;line-height:11.5pt;">&#174;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:11.5pt;">&nbsp;&nbsp;
</font><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">Refer to Note 7 for more information on securities financing
transactions</font></b></p>








<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>




<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><a name="country_risk_CH_standalone_FS_EN"></a></p>
<DIV bclFooter>


<p style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-pagination:widow-orphan;tab-stops:11.3pt;text-align:justify;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;">12</font></font></p>


</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_18"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

<DIV bclHeader>


<p style="border:none;margin-bottom:77.0pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></font></p>


</DIV>
<p style="margin:0mm;margin-bottom:.0001pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;">&nbsp;</font></b></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;padding:0mm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">15&#160;
Country risk of total assets<a name="country_risk_CH_standalone_FS_EN_bclEnd"></a></font></b></p>

</div>









<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The table below provides a breakdown of total
non-Swiss assets by credit rating. These credit ratings reflect the sovereign
credit rating of the country to which the ultimate risk of the underlying asset
is related. The ultimate country of risk for unsecured loan positions is the
domicile of the immediate borrower or, in the case of a legal entity, the
domicile of the ultimate parent entity. For collateralized or guaranteed
positions, the ultimate country of risk is the domicile of the provider of the
collateral or guarantor or, if applicable, the domicile of the ultimate parent
entity of the provider of the collateral or guarantor. For mortgage loans, the
ultimate country of risk is the country where the real estate is located.
Similarly, the ultimate country of risk for property and equipment is the
country where the property and equipment is located. Assets for which
Switzerland is the ultimate country of risk are provided separately in order to
reconcile them to total balance sheet assets.</font></p>

<p style="margin-bottom:0mm;margin-left:22.7pt;margin-right:0mm;margin-top:0mm;text-indent:-11.35pt;"><font face=Symbol lang=EN-US style="font-size:7.5pt;font-weight:normal;line-height:11.5pt;">&#174;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:11.5pt;">&nbsp;&nbsp;
</font><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">Refer to the &#8220;Risk management and control&#8221; section of
the&nbsp;UBS&nbsp;Group AG Annual Report 2017 for more information</font></b></p>








<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=15% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=15% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:19.5pt;">
  <td valign=bottom width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Classification</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Internal UBS rating</font></p>
  </td>
 <td valign=bottom width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Description</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Moody&#8217;s Investors</font></p>
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Service </font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Standard &amp; Poor&#8217;s</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Fitch </font></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></b></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">%</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></p>
  </td>
 <td valign=bottom width=6% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">%</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0 and 1</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Investment grade</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Aaa</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">AAA</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">AAA</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;39,897&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;14&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;44,870&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;15&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td rowspan=2 width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Low risk</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Aa1 to Aa3</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">AA+ to AA&#8211;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">AA+ to AA&#8211;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;20,380&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;7&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;15,916&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;5&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">A1 to A3</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">A+ to A&#8211;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">A+ to AA&#8211;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3,799&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,423&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td rowspan=2 width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Medium risk</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Baa1 to Baa2</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">BBB+ to BBB</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">BBB+ to BBB</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4,438&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,886&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">5</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Baa3</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">BBB&#8211;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">BBB&#8211;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,822&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,837&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td rowspan=4 width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">High risk</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">6</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Sub-investment grade</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Ba1</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">BB+</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">BB+</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;352&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,327&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">7</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Ba2</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">BB</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">BB</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,312&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;410&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Ba3</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">BB&#8211;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">BB&#8211;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;37&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;61&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">9</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">B1</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">B+</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">B+</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;698&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;91&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td rowspan=4 width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Very high risk</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">10</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">B2</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">B</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">B</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;141&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;802&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">11</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">B3</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">B&#8211;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">B&#8211;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;354&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;271&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">12</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Caa</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CCC</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CCC</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;35&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;123&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">13</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Ca to C</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CC to C</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CC to C</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;19&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;41&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Distressed</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Default</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Defaulted</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">D</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">D</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">D</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;8&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Subtotal</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;73,290&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;25&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;71,056&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;24&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Switzerland</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;217,020&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;75&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;223,440&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;76&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total assets</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;290,310&nbsp;</font></b></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;100&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;294,497&nbsp;</font></p>
  </td>
 <td width=6% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;100&nbsp;</font></p>
  </td>
 </tr>
</table></div>



<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:.0001pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;padding:0mm;"><a name="share_capital_CH_standalone_FS_EN"></a><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">16a&#160;
Share capital<a name="share_capital_CH_standalone_FS_EN_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=29% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=36% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=33% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=29% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Par value in CHF</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Number of shares</font></p>
  </td>
 <td valign=bottom width=12% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: dividend bearing</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Par value in CHF</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Number of shares</font></p>
  </td>
 <td valign=bottom width=11% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: dividend bearing</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=29% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Share capital<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10,000,000&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;100,000,000&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;100,000,000&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10,000,000&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;100,000,000&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;100,000,000&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=29% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: shares outstanding</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10,000,000&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;100,000,000&nbsp;</font></i></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;100,000,000&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10,000,000&nbsp;</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;100,000,000&nbsp;</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;100,000,000&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=9 valign=top width=100% style="border:none;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1 Registered
  shares issued.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>








<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">UBS Switzerland AG&#8217;s share capital is fully paid up.
Each share has a par value of CHF 0.10 and entitles the holder to one vote at
the UBS Switzerland AG shareholders&#8217; meeting, if entered into the share
register as having the right to vote, as well as a proportionate share of
distributed dividends. UBS Switzerland AG does not apply any restrictions or
limitations on the transferability of shares.</font></p>

<b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;"><br clear=all>


</font></b><p style="margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;"><b><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Non-distributable reserves</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Non-distributable reserves consist of 50% of the share
capital of UBS Switzerland AG, amounting to CHF 5 million as of
31&nbsp;December 2017.</font></p>









<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><a name="sig_shareholders_CH_standalone_FS"></a></p>
<DIV bclFooter>


<p align=right style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-pagination:widow-orphan;tab-stops:11.3pt;text-align:right;"><font style="border:none;display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;"></font></font><font style="border:none;"><font style="mso-no-proof:yes;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;">13</font></font></font><font style="border:none;"><font style="display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;"></font></font></font><font style="border:none;mso-bidi-font-size:9.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_19"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

<DIV bclHeader>


<p style="border:none;margin-bottom:65.5pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">UBS Switzerland AG standalone financial statements
(audited)</font></font></p>


</DIV>
<p style="margin:0mm;margin-bottom:.0001pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;">&nbsp;</font></b></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;padding:0mm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">16b&#160;
Significant shareholders<a name="sig_shareholders_CH_standalone_FS_bclEnd"></a></font></b></p>

</div>









<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The sole direct shareholder of UBS Switzerland AG is
UBS AG, which holds 100% of UBS Switzerland AG shares. These shares are
entitled to voting rights. Indirect shareholders of UBS Switzerland AG, who do
not have voting rights, include UBS Group AG, which holds 100% of UBS AG
shares. Included in the table below are also direct shareholders of UBS Group
AG (acting in their own name or in their capacity as nominees for other
investors or beneficial owners) that were registered in the UBS Group AG share
register with 3% or more of the share capital of UBS Group AG as of 31 December
2017 or as of 31&nbsp;December 2016. </font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The shares and share capital of UBS Switzerland AG held by
indirect shareholders shown in the table below represent their relative holding
of UBS Group AG shares. </font></p>

<p style="margin-bottom:0mm;margin-left:22.7pt;margin-right:0mm;margin-top:0mm;text-indent:-11.35pt;"><font face=Symbol lang=EN-US style="font-size:7.5pt;font-weight:normal;line-height:11.5pt;">&#174;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:11.5pt;">&nbsp;&nbsp;
</font><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">Refer to Note 23 to the UBS Group AG standalone financial
statements in the&nbsp;UBS&nbsp;Group AG Annual Report 2017 for more
information on significant shareholders of UBS Group AG</font></b></p>








<p style="margin-bottom:0mm;margin-left:0mm;margin-right:0mm;margin-top:0mm;text-indent:0mm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">&nbsp;</font></b></p>

<p style="margin-bottom:0mm;margin-left:25.1pt;margin-right:0mm;margin-top:0mm;text-indent:-18.0pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">&nbsp;</font></b></p>








<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=51% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=25% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=22% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=51% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million, except where indicated</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Share capital held</font></b></p>
  </td>
 <td width=12% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Shares held (%)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Share capital held</font></p>
  </td>
 <td width=10% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Shares held (%)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=51% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Significant direct shareholder of UBS Switzerland AG</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=51% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">UBS AG</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;100&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;100&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=51% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Significant indirect shareholders of UBS Switzerland AG</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=51% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">UBS Group AG</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;100&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;10&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;100&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=51% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Chase Nominees Ltd., London</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;11&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=51% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">DTC (Cede &amp; Co.), New York<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;7&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;7&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=51% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Nortrust Nominees Ltd., London</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td colspan=7 valign=top width=100% style="border:none;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1 DTC (Cede
  &amp; Co.), New York, &#8220;The Depository Trust Company,&#8221; is a US securities
  clearing organization.</font></p>
  </td>
 </tr>
</table></div>










<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:.0001pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;padding:0mm;"><a name="pensions_CH_standalone_FS_EN"></a><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">17&#160; Swiss
pension plan<a name="pensions_CH_standalone_FS_EN_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">a) Liabilities related to Swiss pension plan</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Provision for Swiss pension plan</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Bank accounts at UBS and UBS debt instruments held by Swiss
  pension fund</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">59</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">216</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">UBS derivative financial instruments held by Swiss pension fund</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">19</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">46</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total liabilities related to Swiss pension plan</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">78</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">262</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">b) Swiss pension plan</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=23% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">As of or for the year ended</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=12% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Pension plan surplus<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3,065</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2,458</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Economic benefit / (obligation) of UBS Switzerland AG</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Change in economic benefit / obligation recognized in the income
  statement</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Employer contributions in the period recognized in the income
  statement </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">206</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">211</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Performance awards-related employer contributions accrued</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total pension expense recognized in the income statement within
  Personnel expenses</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">237</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">241</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=4 valign=top width=100% style="border:none;height:12.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1 The pension
  plan surplus is determined in accordance with FER 26 and consists of the
  reserve for the fluctuation in asset value. The surplus did not represent an
  economic benefit for UBS Switzerland AG in accordance with FER 16 both as of
  31 December 2017 and 31 December 2016. Refer to Note 2 for more information.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The Swiss pension plan had no employer contribution
reserve both as of 31 December 2017 and 31 December 2016.</font></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:.0001pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;padding:0mm;"><a name="share_comp_CH_standalone_FS_EN"></a><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">18&#160;
Share-based compensation<a name="share_comp_CH_standalone_FS_EN_bclEnd"></a></font></b></p>

</div>


<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">UBS Group AG is the grantor of the majority of UBS&#8217;s
deferred compensation plans. Expenses for awards granted under such plans to
UBS Switzerland AG employees are charged by UBS Group AG to UBS Switzerland AG.</font></p>

<p style="margin-bottom:0mm;margin-left:22.7pt;margin-right:0mm;margin-top:0mm;text-indent:-11.35pt;"><font face=Symbol lang=EN-US style="font-size:7.5pt;font-weight:normal;line-height:11.5pt;">&#174;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:11.5pt;">&nbsp;&nbsp;
</font><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">Refer to Note 27 to the UBS Group AG consolidated financial
statements in the UBS Group AG Annual Report 2017 for more information</font></b></p>

<p style="margin-bottom:0mm;margin-left:0mm;margin-right:0mm;margin-top:0mm;text-indent:0mm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;font-weight:normal;line-height:11.5pt;">&nbsp;</font></p>




<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><a name="related_parties_CH_standalone_FS_"></a></p>
<DIV bclFooter>


<p style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;tab-stops:11.3pt;text-align:justify;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">14</font></font></p>


</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_20"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

<DIV bclHeader>


<p style="border:none;margin-bottom:77.0pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></font></p>


</DIV>
<p style="margin:0mm;margin-bottom:.0001pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;">&nbsp;</font></b></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;padding:0mm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">19&#160;
Related parties<a name="related_parties_CH_standalone_FS__bclEnd"></a></font></b></p>

</div>









<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Transactions with related parties are conducted at
internally agreed transfer prices, at arm&#8217;s length or, with respect to loans,
fixed advances and mortgages to non-independent members of the governing bodies
in the ordinary course of business, on substantially the same terms and
conditions that are available to other employees, including interest rates and
collateral, and neither involve more than the normal risk of collectability nor
contain any other unfavorable features for the firm. Independent members of the
governing bodies are granted loans and mortgages in the ordinary course of
business at general market conditions. </font></p>








<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=47% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=26% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=25% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=47% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Amounts due from</font></p>
  </td>
 <td width=1% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Amounts due to</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Amounts due from</font></p>
  </td>
 <td width=1% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Amounts due to</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=47% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Qualified shareholders<sup>1</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;28,945&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;17,387&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;18,037&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;15,771&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=47% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: due from / to banks</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,269&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;15,925&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;925&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;8,356&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=47% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: receivables / payables from securities financing
  transactions</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;27,420&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;439&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;16,551&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;5,133&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=47% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: due from / to customers</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;53&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;645&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;67&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,692&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=47% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Subsidiaries<sup>2</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;29&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;8&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;56&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,831&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=47% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: due from / to customers</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;27&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;8&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;53&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,831&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=47% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Affiliated entities<sup>3</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;799&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,539&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;384&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,057&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=47% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: due from / to banks</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;407&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;741&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;211&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;587&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=47% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: receivables / payables from securities financing
  transactions</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=47% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: due from / to customers</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;313&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;72&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;350&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=47% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Members of governing bodies<sup>4</sup></font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;53&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;48&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=47% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">External auditors</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=47% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Other related parties</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;538&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;465&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:19.5pt;">
  <td colspan=9 valign=top width=100% style="border:none;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1 Qualified
  shareholders of UBS Switzerland AG are UBS Group AG and UBS AG.&#160;&#160;&#160; 2
  Subsidiaries of UBS Switzerland AG are UBS Card Center AG, Topcard Service AG
  and UBS Hypotheken AG.&#160;&#160;&#160; 3 Affiliated entities of UBS Switzerland AG are all
  direct and indirect subsidiaries of UBS Group AG including subsidiaries of
  UBS AG.&#160;&#160;&#160; 4 Members of governing bodies consist of members of the Board of
  Directors and Group Executive Board of UBS Group AG and members of the Board
  of Directors and Executive Board of UBS Switzerland AG and UBS AG.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin:0mm;margin-bottom:.0001pt;padding:0mm;"><a name="fiduciary_trans_CH_standalone_FS_"></a><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">20&#160;
Fiduciary transactions<a name="fiduciary_trans_CH_standalone_FS__bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Fiduciary deposits</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;23,505&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;15,719&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: placed with third-party banks</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;12,498&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9,757&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: placed with subsidiaries and affiliated entities</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;11,007&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;5,962&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total fiduciary transactions</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;23,505&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;15,719&nbsp;</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>








<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Fiduciary transactions encompass transactions entered
into or granted by UBS Switzerland AG that result in holding or placing assets
on behalf of individuals, trusts, defined benefit plans and other institutions.
Unless the recognition criteria for the assets are satisfied, these assets and
the related income are excluded from UBS Switzerland AG&#8217;s balance sheet and
income statement but disclosed in this Note as off-balance sheet fiduciary transactions.
Client deposits that are initially placed as fiduciary transactions with UBS
Switzerland AG may be recognized on UBS Switzerland AG&#8217;s balance sheet in
situations in which the deposit is subsequently placed within UBS Switzerland
AG. In such cases, these deposits are not reported in the table above.</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:0mm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>









<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><a name="invested_assets_CH_standalone_FS_"></a></p>
<DIV bclFooter>


<p align=right style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;tab-stops:11.3pt;text-align:right;"><font style="border:none;display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;"></font></font><font style="border:none;"><font style="mso-no-proof:yes;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">15</font></font></font><font style="border:none;"><font style="display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;"></font></font></font><font style="border:none;mso-bidi-font-size:9.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_21"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

<DIV bclHeader>


<p style="border:none;margin-bottom:65.5pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">UBS Switzerland AG standalone financial statements
(audited)</font></font></p>


</DIV>
<p style="margin:0mm;margin-bottom:.0001pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;">&nbsp;</font></b></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin:0mm;margin-bottom:.0001pt;padding:0mm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">21a&#160; Invested assets and net new money<a name="invested_assets_CH_standalone_FS__bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=23% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">For the year ended</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF billion</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Fund assets managed</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Discretionary assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;101&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;88&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Other invested assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;485&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;447&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total invested assets (double counts included)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;586&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;535&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: double counts</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;0&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Net new money (double counts included)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;7&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:.0001pt;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;padding:0mm;"><a name="dev_invested_assets_CH_standalone"></a><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Note </font></b><b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">21b&#160;
Development of invested assets<a name="dev_invested_assets_CH_standalone_bclEnd"></a></font></b></p>

</div>


<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=3 width=23% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">For the year ended</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF billion</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=1% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 6.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total invested assets (including double counts) at the beginning
  of the year</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;535&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;532&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Net new money inflows / (outflows)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;7&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(4)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Market movements (including dividends and interests)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;42&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;9&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Currency effects</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;3&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(2)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Other effects</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(1)&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(1)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 8.75pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: acquisitions / (divestments)</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;(1)&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=76% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total invested assets (including double counts) at the end of
  the year<sup>1</sup></font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;586&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;535&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td colspan=5 valign=top width=100% style="border:none;height:9.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1 As of 31
  December 2017 and 31 December 2016 there were no invested assets double
  counts.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin-bottom:0mm;margin-left:22.7pt;margin-right:0mm;margin-top:0mm;text-indent:-11.35pt;"><font face=Symbol lang=EN-US style="font-size:7.5pt;font-weight:normal;line-height:11.5pt;">&#174;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:11.5pt;">&nbsp;&nbsp;
</font><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">Refer to Note 33 to the UBS Group AG consolidated financial
statements in the UBS Group AG Annual Report 2017 for more information</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=red face=Helvetica,sans-serif lang=EN-US style="font-size:20.0pt;">&#160;&nbsp;</font></p>


<DIV bclFooter>


<p style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;tab-stops:11.3pt;text-align:justify;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">16</font></font></p>


</DIV>
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<p style="border:none;margin-bottom:77.0pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></font></p>


</DIV>
<p style="margin-bottom:6.0pt;margin-left:0mm;margin-right:0mm;margin-top:6.0pt;"><img border=0 height=823 id="Picture 1" src="maindocument001x21x0.jpg" width=622>
</p>


<DIV bclFooter>


<p align=right style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;tab-stops:11.3pt;text-align:right;"><font style="border:none;display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;"></font></font><font style="border:none;"><font style="mso-no-proof:yes;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">17</font></font></font><font style="border:none;"><font style="display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;"></font></font></font><font style="border:none;mso-bidi-font-size:9.0pt;">&nbsp;</font></p>


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</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_23"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

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<p style="border:none;margin-bottom:65.5pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">UBS Switzerland AG standalone financial statements
(audited)</font></font></p>


</DIV>
<p style="margin-bottom:6.0pt;margin-left:0mm;margin-right:0mm;margin-top:6.0pt;"><img border=0 height=492 id="Picture 3" src="maindocument001x22x0.jpg" width=622><b><font color=fuchsia face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>








<p style="margin-bottom:30.0pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;"><a name="CH_Reg_Info"></a></p>
<DIV bclFooter>


<p style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;tab-stops:11.3pt;text-align:justify;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">18</font></font></p>


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<p style="border:none;margin-bottom:77.0pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></font></p>


</DIV>
<p style="margin-bottom:30.0pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:26.0pt;line-height:28.0pt;">UBS Switzerland AG standalone<br>
regulatory information<a name="CH_Reg_Info_bclEnd"></a></font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><a name="UBS_CH_web_cap_info_req"></a><a name="UBS_CH_p3"></a></p>
<DIV bclFooter>


<p align=right style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-pagination:widow-orphan;tab-stops:11.3pt;text-align:right;"><font style="border:none;display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;"></font></font><font style="border:none;"><font style="mso-no-proof:yes;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;">19</font></font></font><font style="border:none;"><font style="display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;"></font></font></font><font style="border:none;mso-bidi-font-size:9.0pt;">&nbsp;</font></p>


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</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_25"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

<DIV bclHeader>


<p style="border:none;margin-bottom:65.5pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">UBS
Switzerland AG standalone regulatory information</font></font></p>


</DIV>
<p style="margin:0mm;margin-bottom:.0001pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:3.0pt;"></font></b></p>

<div style="border:none;border-bottom:solid #74726F 1.0pt;padding:0mm 0mm 3.0pt 0mm;">

<p style="border:none;margin-bottom:11.3pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;padding:0mm;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">UBS Switzerland AG standalone regulatory information</font></b></p>

</div>









<p style="margin-bottom:0mm;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;"><a name="UBS_CH_p3_bclEnd"></a><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Swiss SRB going and gone
concern requirements and information<a name="UBS_CH_web_cap_info_req_bclEnd"></a></font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">UBS Switzerland AG is considered a systemically
relevant bank (SRB) under Swiss banking law and is subject to capital
regulations on a standalone basis</font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;letter-spacing:.1pt;line-height:11.5pt;">. </font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">As
of 31 December 2017, the phase-in going concern capital and leverage ratio
requirements for UBS Switzerland AG standalone were 12.52% and 3.5%,
respectively. The gone concern requirements on a phase-in basis were 5.33% for
the RWA-based requirement and 1.72% for the LRD-based requirement.&nbsp;</font></p>

<font color=#DBAA35 face=""Times New Roman,serif" 3" lang=EN-US style="font-size:8.0pt;"><br clear=all>


</font><p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">The Swiss SRB framework and requirements applicable to
UBS&nbsp;Switzerland&nbsp;AG standalone are consistent with those applicable to
UBS Group AG consolidated and are described<br>
in the &#8220;Capital management&#8221; section of the
UBS&nbsp;Group&nbsp;AG Annual&nbsp;Report&nbsp;2017.</font></p>

<p style="margin-bottom:0mm;margin-left:22.7pt;margin-right:0mm;margin-top:0mm;text-indent:-11.35pt;"><font face=Symbol lang=EN-US style="font-size:7.5pt;font-weight:normal;line-height:11.5pt;">&#174;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;font-weight:normal;line-height:11.5pt;">&nbsp;&nbsp;
</font><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:11.5pt;">Refer to &#8220;Regulatory
framework&#8221; in the &#8220;Capital Management&#8221; section
of the UBS Group AG Annual Report 2017 for more information on loss-absorbing
capacity, leverage ratio requirements and gone concern rebate</font></b></p>








<p style="margin-bottom:0mm;margin-left:22.7pt;margin-right:0mm;margin-top:0mm;text-indent:0mm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></b></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td colspan=11 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">Swiss SRB going and gone concern requirements and information&#185;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=26% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">As of 31.12.17</font></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 width=36% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Swiss SRB, including transitional arrangements (phase-in)</font></b></p>
  </td>
 <td width=1% style="border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=4 width=36% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Swiss SRB as of 1.1.20 (fully applied)</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=26% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million, except where indicated</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=2 width=18% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">RWA</font></b></p>
  </td>
 <td colspan=2 width=18% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">LRD</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td colspan=2 width=18% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">RWA</font></b></p>
  </td>
 <td colspan=2 width=18% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">LRD</font></b></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=26% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=26% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Required loss-absorbing capacity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">in %&#178;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">in %</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">in %</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">in %</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=26% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Common equity tier 1 capital </font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">9.52</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8,843</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2.60</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">7,878</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">10.52</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">9,772</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3.50</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">10,605</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=26% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 11.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: minimum capital</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">5.80</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">5,388</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2.10</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">6,363</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4.50</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4,180</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">1.50</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4,545</font></i></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=26% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 11.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: buffer capital</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3.20</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2,973</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0.50</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">1,515</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">5.50</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">5,109</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2.00</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">6,060</font></i></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=26% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 11.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: countercyclical buffer&#179;</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0.52</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">483</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0.52</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">483</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=26% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Maximum additional tier 1 capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3.00</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2,787</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0.90</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2,727</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4.30</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3,994</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">1.50</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4,545</font></b></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td width=26% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.75pt;padding:0mm 2.0pt 0mm 11.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: high-trigger loss-absorbing additional tier 1 minimum capital</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2.20</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2,044</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0.90</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2,727</font></i></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3.50</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3,251</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">1.50</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4,545</font></i></b></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td width=26% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 2.0pt 0mm 11.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: high-trigger loss-absorbing additional tier 1 buffer
  capital</font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0.80</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">743</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0.80</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">743</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=26% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total going concern capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">12.52</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">11,630</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3.50</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">10,605</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;14.82&#8308;&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">13,767</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;5.00&#8308;&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">15,149</font></b></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td width=26% style="border:none;border-bottom:solid #74726F 1.0pt;height:13.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Base gone concern loss-absorbing capacity, including applicable
  add-ons and rebate</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:13.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:13.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;5.33&#8309;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:13.5pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4,953</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:13.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1.72&#8309;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:13.5pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">5,211</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:13.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:13.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;12.30&#8310;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:13.5pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">11,424</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:13.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;4.30&#8310;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:13.5pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">13,028</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=26% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total gone concern loss-absorbing capacity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">5.33</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4,953</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">1.72</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">5,211</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">12.30</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">11,424</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4.30</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">13,028</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=26% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total loss-absorbing capacity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">17.85</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">16,583</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">5.22</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">15,816</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">27.12</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">25,191</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">9.30</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">28,178</font></b></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=26% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=26% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Eligible loss-absorbing capacity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=26% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Common equity tier 1 capital </font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">10.94</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">10,160</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3.35</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">10,160</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">10.94</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">10,160</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3.35</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">10,160</font></b></p>
  </td>
 </tr>
<tr style="height:16.5pt;">
  <td width=26% style="border:none;border-bottom:dotted #74726F 1.0pt;height:16.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">High-trigger loss-absorbing additional tier 1 capital</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:16.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:16.5pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3.23</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:16.5pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3,000</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:16.5pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0.99</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:16.5pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3,000</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:16.5pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:16.5pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3.23</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:16.5pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3,000</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:16.5pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0.99</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:16.5pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3,000</font></b></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td width=26% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 2.0pt 0mm 11.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: high-trigger loss-absorbing additional tier 1 capital </font></i></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3.23</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3,000</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0.99</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3,000</font></i></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3.23</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3,000</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0.99</font></i></b></p>
  </td>
 <td valign=bottom width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:15.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3,000</font></i></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=26% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total going concern capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">14.17</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">13,160</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4.34</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">13,160</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">14.17</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">13,160</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4.34</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">13,160</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=26% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Gone concern loss-absorbing capacity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">9.04</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8,400</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2.77</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8,400</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">9.04</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8,400</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2.77</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8,400</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=26% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 2.0pt 0mm 11.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: TLAC-eligible debt</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">9.04</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8,400</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2.77</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8,400</font></i></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">9.04</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8,400</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2.77</font></i></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8,400</font></i></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=26% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total gone concern loss-absorbing capacity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">9.04</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8,400</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2.77</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8,400</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">9.04</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8,400</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2.77</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8,400</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=26% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total loss-absorbing capacity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">23.21</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">21,560</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">7.12</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">21,560</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">23.21</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">21,560</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">7.12</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">21,560</font></b></p>
  </td>
 </tr>
<tr style="height:7.5pt;">
  <td width=26% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:7.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=26% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Risk-weighted assets / leverage ratio denominator</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=26% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Risk-weighted assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">92,894</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">92,894</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:9.75pt;">
  <td width=26% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Leverage ratio denominator</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">302,987</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.75pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">302,987</font></b></p>
  </td>
 </tr>
<tr style="height:36.75pt;">
  <td colspan=11 valign=top width=100% style="border:none;height:36.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1 This table
  includes a rebate equal to 35% of the maximum rebate on the gone concern
  requirements, which was granted by FINMA. This resulted in a reduction of 2.0
  percentage points for the RWA-based requirement and 0.7 percentage points for
  the LRD-based requirement and will be phased in until 1 January 2020. Refer
  to the &#8220;Capital management&#8221; section of the UBS Group AG Annual Report 2017
  for more information.&#160;&#160;&#160; 2 The total loss-absorbing capacity ratio
  requirement of 17.85% is the current phase-in requirement according to the
  Swiss Capital Adequacy Ordinance including the aforementioned rebate on the
  gone concern requirements. In addition, FINMA has defined a total capital
  ratio requirement, which is the sum of 14.4% and the effect of
  countercyclical buffer (CCB) requirements of 0.52%, of which 10% plus the
  effect of CCB requirements must be satisfied with CET1 capital. These FINMA
  requirements will be effective until they are exceeded by the Swiss SRB
  phase-in requirements.&#160;&#160;&#160; 3 Going concern capital ratio requirements include
  CCB requirements of 0.52% for the phase-in and fully applied requirement.&#160;&#160;&#160;
  4 Includes applicable add-ons of 1.44% for RWA and 0.5% for LRD.&#160;&#160;&#160; 5
  Includes applicable add-ons of 0.36% for RWA and 0.13% for LRD and a rebate
  of 0.87% for RWA and 0.28% for LRD.&#160;&#160;&#160; 6 Includes applicable add-ons of 1.44%
  for RWA and 0.5% for LRD and a rebate of 2% for RWA and 0.7% for LRD.&#160;&#160;&#160; </font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><a name="UBS_CH_AG_loss_capacity"></a><font color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>


<DIV bclFooter>


<p style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-pagination:widow-orphan;tab-stops:11.3pt;text-align:justify;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;">20</font></font></p>


</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_26"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

<DIV bclHeader>


<p style="border:none;margin-bottom:77.0pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></font></p>


</DIV>
<p style="margin-bottom:0mm;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Swiss SRB loss-absorbing
capacity <a name="UBS_CH_AG_loss_capacity_bclEnd"></a></font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:12.0pt;">
  <td colspan=5 width=78% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">Swiss SRB going and gone concern information </font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:19.5pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=22% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Swiss SRB, including transitional arrangements (phase-in)</font></b></p>
  </td>
 <td width=1% style="border:none;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=22% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Swiss SRB as of 1.1.20</font></b></p>
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">(fully applied)</font></b></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million, except where indicated</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=11% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td width=54% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Going concern capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Common equity tier 1 capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">10,160</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">10,416</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">10,160</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">10,416</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">High-trigger loss-absorbing additional tier 1 capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3,000</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;1,235&#185;&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3,000</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2,000</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total tier 1 capital</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">13,160</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">11,651</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">13,160</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">12,416</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total going concern capital </font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">13,160</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">11,651</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">13,160</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">12,416</font></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td width=54% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Gone concern loss-absorbing capacity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">High-trigger loss-absorbing additional tier 1 capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;765&#185;&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Low-trigger loss-absorbing tier 2 capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#160;2,500&#185;&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2,500</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">TLAC-eligible debt</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8,400</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8,400</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total gone concern loss-absorbing capacity </font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8,400</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3,265</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8,400</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2,500</font></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td width=54% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Total loss-absorbing capacity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total loss-absorbing capacity</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">21,560</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">14,916</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">21,560</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">14,916</font></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td width=54% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Risk-weighted assets / leverage ratio denominator</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Risk-weighted assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">92,894</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">93,281</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">92,894</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">93,281</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Leverage ratio denominator</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">302,987</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">306,586</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">302,987</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">306,586</font></p>
  </td>
 </tr>
<tr style="height:3.75pt;">
  <td width=54% style="border:none;height:3.75pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:3.75pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:3.75pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:3.75pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:3.75pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:3.75pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Capital and loss-absorbing capacity ratios (%)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Going concern capital ratio </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">14.2</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">12.5</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">14.2</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">13.3</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 11.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: common equity tier 1 capital ratio</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">10.9</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">11.2</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">10.9</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">11.2</font></i></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Gone concern loss-absorbing capacity ratio </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">9.0</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3.5</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">9.0</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2.7</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total loss-absorbing capacity ratio </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">23.2</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">16.0</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">23.2</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">16.0</font></p>
  </td>
 </tr>
<tr style="height:4.5pt;">
  <td width=54% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;height:4.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Leverage ratios (%)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 9.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Going concern leverage ratio </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4.3</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3.8</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4.3</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4.0</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 11.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: common equity tier 1 leverage ratio</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3.4</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3.4</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3.4</font></i></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3.4</font></i></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Gone concern leverage ratio </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2.8</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">1.1</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2.8</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0.8</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=54% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total loss-absorbing capacity leverage ratio </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">7.1</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4.9</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">7.1</font></b></p>
  </td>
 <td width=11% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4.9</font></p>
  </td>
 </tr>
<tr style="height:27.75pt;">
  <td colspan=7 valign=top width=100% style="border:none;height:27.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1 Under the
  Swiss SRB rules, going concern capital includes CET1 and high-trigger
  loss-absorbing additional tier 1 capital. Outstanding low-trigger
  loss-absorbing tier 2 capital instruments would qualify as going concern
  capital until the earlier of (i) their maturity or first call date or (ii) 31
  December 2019. However, as of 31 December 2016, CHF 765 million of
  high-trigger loss-absorbing additional tier 1 capital as well as the total
  low-trigger loss-absorbing tier 2 capital of CHF 2,500 million was used to
  meet the gone concern requirements.</font></p>
  </td>
 </tr>
</table></div>



<p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td colspan=3 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">Reconciliation of Swiss banking law equity to Swiss SRB common
  equity tier 1 capital </font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=74% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF billion</font></i></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=74% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Equity &#8211; Swiss banking law&#185;</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">14.8</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">13.5</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=74% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Deferred tax assets</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0.5</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0.7</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=74% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Goodwill and intangible assets</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">(2.4)</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">(3.4)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=74% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Accruals for proposed dividends to shareholders</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">(2.4)</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">0.2&#178;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=74% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Other</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">(0.3)</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">(0.1)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=74% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Common equity tier 1 capital (phase-in)</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">10.2</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">10.4</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td colspan=3 valign=top width=100% style="border:none;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1 Equity under
  Swiss banking law is adjusted to derive equity in accordance with IFRS and
  then further adjusted to derive common equity tier 1 (CET1) capital in
  accordance with Swiss SRB requirements.&#160;&#160;&#160; 2&nbsp;In December 2016, an
  extraordinary dividend of CHF 2 billion was paid.&#160;&#160;&#160; </font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:11.35pt;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin-bottom:0mm;margin-left:0mm;margin-right:0mm;margin-top:0mm;"><a name="UBS_CH_web_SRB_LR"></a></p>
<DIV bclFooter>


<p align=right style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-pagination:widow-orphan;tab-stops:11.3pt;text-align:right;"><font style="border:none;display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;"></font></font><font style="border:none;"><font style="mso-no-proof:yes;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;">21</font></font></font><font style="border:none;"><font style="display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;"></font></font></font><font style="border:none;mso-bidi-font-size:9.0pt;">&nbsp;</font></p>


</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_27"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

<DIV bclHeader>


<p style="border:none;margin-bottom:65.5pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">UBS
Switzerland AG standalone regulatory information</font></font></p>


</DIV>
<p style="margin-bottom:0mm;margin-left:0mm;margin-right:0mm;margin-top:0mm;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Leverage ratio information</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><a name="UBS_CH_web_SRB_LR_bclEnd"></a><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td colspan=7 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">Swiss SRB leverage ratio denominator</font></b></p>
  </td>
 </tr>
<tr style="height:19.5pt;">
  <td width=60% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="border:none;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=19% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Swiss SRB, including transitional</font></b></p>
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">arrangements (phase-in)</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;height:19.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=19% style="border:none;border-bottom:solid #74726F 1.0pt;height:19.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Swiss SRB as of 1.1.20</font></b></p>
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">(fully applied)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF billion</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=9% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=9% style="border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:5.25pt;">
  <td width=60% style="border:none;height:5.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:5.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:5.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:5.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:5.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;height:5.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;height:5.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#9A3D37 face="Frutiger 45 Light,sans-serif" style="font-size:7.5pt;">Leverage ratio denominator</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Swiss GAAP total assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">290.3</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">294.5</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">290.3</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">294.5</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Difference between Swiss GAAP and IFRS total assets</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">1.3</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">1.5</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">1.3</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">1.5</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Less: derivative exposures and SFTs&#185;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">(39.6)</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">(32.3)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">(39.6)</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">(32.3)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">On-balance sheet exposures (excluding derivative exposures and
  SFTs)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">252.0</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">263.7</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">252.0</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">263.7</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Derivative exposures</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4.0</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4.7</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4.0</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4.7</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Securities financing transactions</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">35.3</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">26.4</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">35.3</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">26.4</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Off-balance sheet items </font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">12.2</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">12.0</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">12.2</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">12.0</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Items deducted from Swiss SRB tier 1 capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">(0.5)</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">(0.3)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">(0.5)</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">(0.3)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=60% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total exposures (leverage ratio denominator)</font></b></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">303.0</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">306.6</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=10% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">303.0</font></b></p>
  </td>
 <td width=9% style="border:none;border-bottom:solid #74726F 1.5pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">306.6</font></p>
  </td>
 </tr>
<tr style="height:18.0pt;">
  <td colspan=7 valign=top width=100% style="border:none;height:18.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1 Consists of
  positive replacement values, cash collateral receivables on derivative
  instruments, cash collateral on securities borrowed, reverse repurchase
  agreements, margin loans and prime brokerage receivables related to
  securities financing transactions, which are presented separately under
  Derivative exposures and Securities financing transactions in this table.</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td colspan=7 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">BCBS Basel III leverage ratio (phase-in)</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=36% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF million, except where indicated</font></i></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=15% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.17</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">30.9.17</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">30.6.17</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.3.17</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31.12.16</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=36% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total tier 1 capital</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">13,160</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">12,272</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">12,276</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">12,373</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">12,416</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=36% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total exposures (leverage ratio denominator)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">302,987</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">305,229</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">308,917</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">312,371</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">306,586</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=36% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">BCBS Basel III leverage ratio (%)</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=15% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4.3</font></b></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4.0</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4.0</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4.0</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4.0</font></p>
  </td>
 </tr>
</table></div>



<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;text-indent:0mm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>








<p style="margin-bottom:0mm;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Liquidity coverage ratio</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">UBS Switzerland AG, as a Swiss SRB, is required to
maintain a minimum liquidity coverage ratio of 100%.</font></p>








<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:14.25pt;">
  <td colspan=4 width=100% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:14.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">Liquidity coverage ratio</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=73% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></i></p>
  </td>
 <td width=1% style="background:white;border:none;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 width=26% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Weighted value&#185;</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=73% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF billion, except where indicated</font></i></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=13% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Average 4Q17&#178;</font></b></p>
  </td>
 <td width=13% style="background:white;border-bottom:solid #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Average 4Q16&#178;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=73% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">High-quality liquid assets</font></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">69</font></b></p>
  </td>
 <td width=13% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">75</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=73% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Total net cash outflows</font></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">48</font></b></p>
  </td>
 <td width=13% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">63</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=73% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 11.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: cash outflows</font></i></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">89</font></i></b></p>
  </td>
 <td width=13% style="background:white;border:none;border-bottom:dotted #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">97</font></i></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td width=73% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 11.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">of which: cash inflows</font></i></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><i><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">41</font></i></b></p>
  </td>
 <td width=13% style="background:white;border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">34</font></i></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td width=73% style="background:white;border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Liquidity coverage ratio (%)</font></b></p>
  </td>
 <td width=1% style="background:white;border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=13% style="background:white;border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 4.25pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><b><font color=#9A3D37 face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">144</font></b></p>
  </td>
 <td width=13% style="border:none;border-bottom:solid #74726F 1.5pt;height:12.0pt;padding:0mm 3.5pt 0mm 2.0pt;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">120</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=4 valign=top width=100% style="background:white;border:none;height:12.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1 Calculated
  after the application of haircuts and inflow and outflow rates.&#160;&#160;&#160; 2 Calculated
  based on an average of 63 data points in the fourth quarter of 2017. The
  fourth quarter of 2016 is based on a three-month average.</font></p>
  </td>
 </tr>
</table></div>



<p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;text-indent:11.35pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>




<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>


<DIV bclFooter>


<p style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-pagination:widow-orphan;tab-stops:11.3pt;text-align:justify;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;">22</font></font></p>


</DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_28"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

<DIV bclHeader>


<p style="border:none;margin-bottom:77.0pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></font></p>


</DIV>
<p style="margin-bottom:0mm;margin-left:0mm;margin-right:0mm;margin-top:11.3pt;"><font color=#E60000 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">Capital instruments</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td colspan=10 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">Capital instruments of UBS Switzerland AG &#8211; key features</font></b></p>
  </td>
 </tr>
<tr style="height:37.5pt;">
  <td colspan=10 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:37.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">Presented according to issuance date. </font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td valign=top width=5% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td valign=top width=33% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></b></p>
  </td>
 <td width=1% style="border:none;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Share capital</font></b></p>
  </td>
 <td valign=bottom width=1% style="border:none;height:10.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:solid #74726F 1.0pt;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Additional tier 1 capital</font></b></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">1</font></p>
  </td>
 <td valign=top width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Issuer (country of incorporation; if applicable, branch)</font></p>
  </td>
 <td valign=top width=1% style="height:15.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">UBS Switzerland AG, Switzerland</font></p>
  </td>
 <td width=1% style="height:15.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">UBS Switzerland AG, Switzerland</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:15.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:15.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">UBS Switzerland AG, Switzerland</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:15.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:solid #74726F 1.0pt;height:15.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">UBS Switzerland AG, Switzerland</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">1a</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Instrument number</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">1</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">2</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=FR style="font-size:7.5pt;">Unique identifier (e.g., ISIN)</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" lang=FR style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">N/A</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">N/A</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">N/A</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">N/A</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Governing law(s) of the instrument</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Swiss</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Swiss</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Swiss</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Swiss</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Regulatory treatment</font></b></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p align=right style="margin:0mm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">4</font></p>
  </td>
 <td valign=top width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Transitional Basel III rules&#185;</font></p>
  </td>
 <td valign=top width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CET1 &#8211; Going concern capital</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Additional tier 1 &#8211; Going concern capital</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">5</font></p>
  </td>
 <td valign=top width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Post-transitional Basel III rules&#178;</font></p>
  </td>
 <td valign=top width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CET1 &#8211; Going concern capital</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Additional tier 1 &#8211; Going concern capital</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">6</font></p>
  </td>
 <td valign=top width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Eligible at solo / group / group and solo</font></p>
  </td>
 <td valign=top width=1% style="height:15.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">UBS Switzerland AG standalone</font></p>
  </td>
 <td width=1% style="height:15.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">UBS Switzerland AG standalone</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">7</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Instrument type</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Ordinary shares</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Loan&#8308;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">8</font></p>
  </td>
 <td valign=top width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Amount recognized in regulatory capital (currency in million, as
  of most recent reporting date)&#185;</font></p>
  </td>
 <td valign=top width=1% style="height:15.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF 10.0</font></p>
  </td>
 <td width=1% style="height:15.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border:none;border-bottom:dotted #74726F 1.0pt;height:15.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF 1,500</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:dotted #74726F 1.0pt;height:15.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:dotted #74726F 1.0pt;height:15.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF 500</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:dotted #74726F 1.0pt;height:15.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:dotted #74726F 1.0pt;height:15.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF 1,000</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">9</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Outstanding amount (par value, million)</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF 10.0</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF 1,500</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF 500</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">CHF 1,000</font></p>
  </td>
 </tr>
<tr style="height:27.75pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:27.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">10</font></p>
  </td>
 <td valign=top width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:27.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Accounting classification&#179;</font></p>
  </td>
 <td valign=top width=1% style="height:27.75pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:27.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Equity attributable to UBS Switzerland AG shareholders </font></p>
  </td>
 <td width=1% style="height:27.75pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:27.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Due to banks held at amortized cost</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">11</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Original date of issuance</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">1 April 2015</font></p>
  </td>
 <td width=1% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=12% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">11 March 2016</font></p>
  </td>
 <td width=1% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=16% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">18 December 2017</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">12</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Perpetual or dated</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Perpetual</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">13</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Original maturity date</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">14</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Issuer call subject to prior supervisory approval</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Yes</font></p>
  </td>
 </tr>
<tr style="height:27.75pt;">
  <td rowspan=2 valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:27.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">15</font></p>
  </td>
 <td rowspan=2 valign=top width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:27.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Optional call date, subsequent call dates, if applicable, and
  redemption amount</font></p>
  </td>
 <td rowspan=2 width=1% style="height:27.75pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=2 valign=top width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:27.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:27.75pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border:none;border-bottom:dotted #74726F 1.0pt;height:27.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">First optional repayment date: </font></p>
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">1 April 2020</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:dotted #74726F 1.0pt;height:27.75pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:dotted #74726F 1.0pt;height:27.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">First optional repayment date: </font></p>
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">11 March 2021</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:dotted #74726F 1.0pt;height:27.75pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:dotted #74726F 1.0pt;height:27.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">First optional repayment date: </font></p>
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">18 December 2022</font></p>
  </td>
 </tr>
<tr style="height:27.75pt;">
  <td width=1% style="height:27.75pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:27.75pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Repayable at any time after the first optional repayment date.</font></p>
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Repayment subject to FINMA approval. Optional repayment amount:
  principal amount, together with any accrued and unpaid interest thereon</font></p>
  </td>
 </tr>
<tr style="height:27.0pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:27.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">16</font></p>
  </td>
 <td valign=top width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:27.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Contingent call dates and redemption amount</font></p>
  </td>
 <td width=1% style="height:27.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:27.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:27.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:27.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Early repayment possible due to a tax or regulatory event.
  Repayment due to tax event subject to FINMA approval.</font></p>
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Repayment amount: principal amount, together with accrued and
  unpaid interest</font></p>
  </td>
 </tr>
</table></div>






<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></p>









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<p align=right style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-pagination:widow-orphan;tab-stops:11.3pt;text-align:right;"><font style="border:none;display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;"></font></font><font style="border:none;"><font style="mso-no-proof:yes;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;">23</font></font></font><font style="border:none;"><font style="display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:normal;"></font></font></font><font style="border:none;mso-bidi-font-size:9.0pt;">&nbsp;</font></p>


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</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_29"></a><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">

<DIV bclHeader>


<p style="border:none;margin-bottom:65.5pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;"><font style="border:none;"><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;">UBS Switzerland AG standalone regulatory information</font></font></p>


</DIV>

<div align=left><table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:11.25pt;">
  <td colspan=10 width=100% style="border:none;border-bottom:solid #74726F 1.0pt;height:11.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 45 Light,sans-serif" style="font-size:9.0pt;">Capital instruments
  of UBS Switzerland AG &#8211; key features (continued)</font></b></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Coupons / dividend</font></b></p>
  </td>
 <td width=1% style="border:none;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="border:none;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">17</font></p>
  </td>
 <td valign=top width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Fixed or floating dividend / coupon</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Floating</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">18</font></p>
  </td>
 <td valign=top width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Coupon rate and any related index; </font></p>
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">frequency of payment</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">6-month CHF Libor +&nbsp;</font></p>
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">370 bps per annum</font></p>
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">semiannually</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3-month CHF Libor +&nbsp;</font></p>
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">459 bps per annum</font></p>
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">quarterly</font></p>
  </td>
 <td valign=top width=1% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="border-bottom:dotted #74726F 1.0pt;border-left:none;border-right:none;border-top:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">3-month CHF Libor +&nbsp;</font></p>
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">250 bps per annum</font></p>
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">quarterly</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">19</font></p>
  </td>
 <td valign=top width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Existence of a dividend stopper</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">No</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">20</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Fully discretionary, partially discretionary or mandatory</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Fully discretionary</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Fully discretionary</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">21</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Existence of step-up or other incentive to redeem</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">No</font></p>
  </td>
 </tr>
<tr style="height:8.25pt;">
  <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">22</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Non-cumulative or cumulative</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Non-cumulative</font></p>
  </td>
 <td width=1% style="height:8.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:8.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Non-cumulative</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">23</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Convertible or non-convertible</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Non-convertible</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">24</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">If convertible, conversion trigger(s)</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">25</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">If convertible, fully or partially</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">26</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">If convertible, conversion rate</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">27</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">If convertible, mandatory or optional conversion</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">28</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">If convertible, specify instrument type convertible into</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">29</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">If convertible, specify issuer of instrument it converts into</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">30</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Write-down feature</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Yes</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td rowspan=2 valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">31</font></p>
  </td>
 <td rowspan=2 valign=top width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">If write-down, write-down trigger(s)</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td rowspan=2 valign=top width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Trigger: CET1 ratio is less than 7%</font></p>
  </td>
 </tr>
<tr style="height:22.5pt;">
  <td width=1% style="height:22.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=1% style="height:22.5pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:22.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">FINMA determines a write-down necessary to ensure UBS
  Switzerland AG&#8217;s viability; or UBS Switzerland AG receives a commitment of
  governmental support that FINMA determines necessary to ensure UBS
  Switzerland AG&#8216;s viability.</font></p>
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Subject to applicable conditions</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">32</font></p>
  </td>
 <td valign=top width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">If write-down, full or partial</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Full</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">33</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">If write-down, permanent or temporary</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Permanent</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">34</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">If temporary write-down, description of write-up mechanism</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 </tr>
<tr style="height:32.25pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:32.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">35</font></p>
  </td>
 <td valign=top width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:32.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Position in subordination hierarchy in liquidation </font></p>
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">(specify instrument type immediately senior to instrument)</font></p>
  </td>
 <td valign=top width=1% style="height:32.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:32.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Unless otherwise stated in the Articles of Association, once
  debts are paid back, the assets of the liquidated company are divided between
  the shareholders pro rata based on their contributions and considering the
  preferences attached to certain categories of shares (article&nbsp;745, Swiss
  Code of Obligations)</font></p>
  </td>
 <td width=1% style="height:32.25pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:32.25pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Subject to any obligations that are mandatorily preferred by
  law, all obligations of UBS Switzerland AG that are unsubordinated or that
  are subordinated and do not rank junior, such as all classes of share
  capital, or at par, such as tier 1 instruments</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td valign=top width=5% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">36</font></p>
  </td>
 <td valign=top width=33% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">Existence of features, that prevent full recognition under
  Basel&nbsp;III</font></p>
  </td>
 <td valign=top width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=46% style="border:none;border-bottom:dotted #74726F 1.0pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 </tr>
<tr style="height:9.0pt;">
  <td width=5% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">37</font></p>
  </td>
 <td width=33% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">If yes, specify non-compliant features</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td width=14% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 <td width=1% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0mm 0mm 0mm 0mm;">
  <p style="margin:0mm;margin-bottom:.0001pt;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=5 width=46% style="border:none;border-bottom:solid #74726F 1.5pt;height:9.0pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:7.5pt;">&#8211;</font></p>
  </td>
 </tr>
<tr style="height:10.5pt;">
  <td colspan=10 valign=top width=100% style="border:none;height:10.5pt;padding:0mm 2.0pt 0mm 2.0pt;">
  <p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Frutiger 47 Light CN,sans-serif" style="font-size:6.5pt;">1 Based on Swiss
  SRB phase-in (including transitional arrangement) requirements.&#160;&#160;&#160; 2 Based on
  Swiss SRB requirements applicable as of 1 January 2020.&#160;&#160;&#160; 3 As applied in
  UBS Switzerland AG&#8216;s financial statements under Swiss GAAP.&#160;&#160;&#160; 4 Loans
  granted by UBS AG, Switzerland.</font></p>
  </td>
 </tr>
</table></div>



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<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">&nbsp;</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">&nbsp;</font></b></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">&nbsp;</font></b></p>

<div style="border:none;border-top:solid windowtext 1.0pt;padding:1.0pt 0mm 0mm 0mm;">

<p style="border:none;margin:0mm;margin-bottom:.0001pt;padding:0mm;text-align:justify;"><a name="DP_4b24c527ba314ef79502af8bb0375e"></a><a name="DP_e9e7ff39dbce40f89284508a26f9f9"></a><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">Notice to investors |<a name="DP_e9e7ff39dbce40f89284508a26f9f9_bclEnd"></a></font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;"> This document and the
information contained herein are provided solely for information purposes, and
are not to be construed as solicitation of an offer to buy or sell any
securities or other financial instruments in Switzerland, the United States or
any other jurisdiction. No investment decision relating to securities of or
relating to UBS Group AG, UBS AG or their affiliates should be made on the
basis of this document. Refer to UBS&#8217;s Annual&nbsp;Report 2017 for additional
information. This report is available at </font><i><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">www.ubs.com/investors</font></i><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">.&nbsp;</font></p>

<p style="border:none;margin:0mm;margin-bottom:.0001pt;padding:0mm;text-align:justify;"><a name="DP_4b24c527ba314ef79502af8bb0375e_bclEnd"></a><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">&nbsp;</font></p>

<p style="border:none;margin:0mm;margin-bottom:.0001pt;padding:0mm;text-align:justify;"><a name="DP_ef96debd1b574c36b3456c52b06737"></a><a name="DP_a8878867f3c842338e63ac763fa331"></a><b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">Rounding |<a name="DP_a8878867f3c842338e63ac763fa331_bclEnd"></a></font></b><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;"> Numbers presented
throughout this document may not add up precisely to the totals provided in the
tables and text. Percentages, percent changes and absolute variances are
calculated on the basis of 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.</font></p>

<p style="border:none;margin:0mm;margin-bottom:.0001pt;padding:0mm;text-align:justify;"><a name="DP_ef96debd1b574c36b3456c52b06737_bclEnd"></a><font color=black face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:8.5pt;">&nbsp;</font></p>

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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
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<p style="margin:0mm;margin-bottom:.0001pt;text-align:justify;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">www.</font><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;text-decoration:none;">ubs.com&nbsp;</font></p>

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<p style="border:none;margin:0mm;margin-bottom:.0001pt;mso-border-shadow:yes;mso-hyphenate:auto;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;tab-stops:11.3pt;text-align:justify;"><font color=#006600 style="border:none;"><font color=#006600 face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:9.0pt;line-height:11.5pt;">&nbsp;</font></font></p>


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<p align=center style="margin-bottom:12.0pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;text-align:center;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">SIGNATURES</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrants have duly caused this report to be signed
on their behalf by the undersigned, thereunto duly authorized.</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">UBS Group AG</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">By: </font><u><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">_/s/ Todd Tuckner</font></u><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">___________&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; Name: Todd Tuckner</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; Title: Group Controller and</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chief Accounting Officer</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">By: </font><u><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">_/s/ David Kelly _____________</font></u></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:234.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">Name:&#160; David Kelly</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:234.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">Title:&#160;&#160;&#160; Managing Director </font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">UBS AG</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">By: </font><u><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">_/s/ Todd Tuckner</font></u><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">___________&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; Name: Todd Tuckner</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160; Title: Group Controller and</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chief Accounting Officer</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">By: </font><u><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">_/s/ David Kelly _____________</font></u></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:234.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">Name:&#160; David Kelly</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:234.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">Title:&#160;&#160;&#160; Managing Director</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=red face=Helvetica,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">Date:&#160; March 9, 2018</font></p>

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