<SEC-DOCUMENT>0001610520-18-000096.txt : 20181109
<SEC-HEADER>0001610520-18-000096.hdr.sgml : 20181109
<ACCEPTANCE-DATETIME>20181109084626
ACCESSION NUMBER:		0001610520-18-000096
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20181109
FILED AS OF DATE:		20181109
DATE AS OF CHANGE:		20181109

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:		181171502

	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:		181171501

	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>6k.2018.11.9.NewsRelease.htm
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<title>6k.2018.11.9.NewsRelease</title>


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<p style="margin-bottom:0mm;margin-left:362.9pt;margin-right:0mm;margin-top:0mm;tab-stops:68.05pt;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:8.0pt;line-height:20.0pt;">&nbsp;</font></p>


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<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">&nbsp;</font></p>

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

<p style="border:none;margin:0mm;margin-bottom:.0001pt;padding:0mm;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">&nbsp;</font></p>

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

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

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

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">_________________</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 align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:22.0pt;layout-grid-mode:line;">FORM 6-K</font></b></p>

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

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

<p style="margin:0mm;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:13.0pt;layout-grid-mode:line;">&nbsp;</font></b></p>

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:13.0pt;layout-grid-mode:line;">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 face="Times New Roman,serif" lang=EN-US style="font-size:13.0pt;layout-grid-mode:line;">THE SECURITIES EXCHANGE ACT OF 1934</font></b></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 align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">Date: November 9, 2018</font></b></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 align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:16.5pt;layout-grid-mode:line;">UBS Group AG</font></b></p>

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

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

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:16.5pt;layout-grid-mode:line;">UBS AG</font></b><b><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;"> &nbsp;</font></b></p>

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

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">&nbsp;</font></b></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 align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=DE style="font-size:12.0pt;layout-grid-mode:line;">(Registrants'
Names)</font></p>

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

<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=DE style="font-size:11.0pt;layout-grid-mode:line;">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 face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">(Address of principal
executive offices)</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 align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">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 face="Frutiger 45 Light,sans-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>

<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 face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">Form 20-F&#160; </font><font face="Times New Roman,serif" lang=EN-US style="font-size:22.0pt;layout-grid-mode:line;">x&nbsp;</font><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">&#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 face="Times New Roman,serif" lang=EN-US style="font-size:22.0pt;layout-grid-mode:line;">o&nbsp;</font></p>

<p align=center style="border:none;margin:0mm;margin-bottom:.0001pt;padding:0mm;text-align:center;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">&nbsp;</font></p>

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

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<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;">This
Form 6-K consists of the news release which appears immediately following this
page.</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">&#160;&nbsp;</font></p>








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<font style="height:40px;left:0px;margin-left:0px;margin-top:1px;mso-ignore:vglayout;position:absolute;width:110px;"><img height=40 src="x5057x0.jpg" v:shapes="ubs_logo" width=110><br><br></font><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:8.0pt;line-height:12.0pt;">Investor
Relations</font></font></p>

<p style="border:none;margin-bottom:0mm;margin-left:362.9pt;margin-right:0mm;margin-top:.15pt;mso-border-shadow:yes;mso-line-height-rule:exactly;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;tab-stops:68.05pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:8.0pt;line-height:11.5pt;">Tel. +41-44-234 41 00</font></font></p>

<p style="border:none;margin-bottom:0mm;margin-left:362.9pt;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;tab-stops:68.05pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:8.0pt;line-height:20.0pt;">Media Relations</font></font></p>

<p style="border:none;margin-bottom:0mm;margin-left:362.9pt;margin-right:0mm;margin-top:.15pt;mso-border-shadow:yes;mso-line-height-rule:exactly;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;tab-stops:68.05pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:8.0pt;line-height:11.5pt;">Tel. +41-44-234 85 00</font></font></p>


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<h1 style="margin-bottom:37.0pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;page-break-after:avoid;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:32.0pt;font-weight:normal;line-height:42.0pt;">News
Release</font></h1>

<h2 style="margin-bottom:5.0pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;page-break-after:avoid;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:14.0pt;">UBS Will Contest RMBS Civil Complaint Filed by United States Department of Justice</font></h2>

<h3 style="margin:0mm;margin-bottom:.0001pt;page-break-after:avoid;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:10.5pt;line-height:13.5pt;">UBS is confident in its legal position, based on the facts
and the law </font></b></h3>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN style="font-size:12.0pt;layout-grid-mode:line;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=#222222 face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=#222222 face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:10.5pt;">Zurich /
Basel, 9 November 2018 &#8211; The United States Department of Justice
(&quot;DOJ&quot;) today filed a civil complaint in the U.S. District Court for
the Eastern District of New York related to UBS's issuance, underwriting and
sale of residential mortgage-backed securities (&quot;RMBS&quot;) more than a
decade ago. The complaint seeks unspecified monetary civil penalties under the
Financial Institutions Reform, Recovery, and Enforcement Act
(&quot;FIRREA&quot;) regarding transactions that date back to 2006 and 2007.</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=#222222 face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=#222222 face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:10.5pt;">The DOJ&#8217;s
claims are not supported by the facts or the law. UBS will contest the
complaint vigorously in the interest of its shareholders. UBS is confident in
its legal position and has been fully prepared for some time to defend itself
in court.</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=#222222 face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=#222222 face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:10.5pt;">UBS intends
to rely on the following significant facts, among others, in its defense of
this action and expects those facts to be substantiated in the course of the
proceedings:</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=#222222 face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#222222 face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:10.5pt;">UBS Suffered
Massive Losses on U.S. Mortgage-Related Assets, Including the RMBS Cited in the
Complaint, Negating any Inference of Fraud</font></b></p>

<p style="margin-bottom:0mm;margin-left:11.35pt;margin-right:0mm;margin-top:0mm;text-indent:-11.35pt;"><font face=Symbol lang=EN style="font-size:11.0pt;line-height:13.5pt;">&#183;</font><font face="Times New Roman" lang=EN style="font-size:7.0pt;line-height:13.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:11.0pt;line-height:13.5pt;">UBS invested USD 100 billion in U.S. residential mortgage-related
assets and lost more than USD 45 billion when the housing market collapsed,
including losses of nearly USD 900 million on the RMBS referred to in the
complaint &#8211; more than the losses on the certificates UBS sold to any other
single investor. This fact alone negates any inference that UBS engaged in an
intentional fraud that was flatly against its own economic interest.</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=#222222 face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#222222 face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:10.5pt;">UBS Was Not
a Significant Originator of U.S. Residential Mortgages</font></b></p>

<p style="margin-bottom:0mm;margin-left:11.35pt;margin-right:0mm;margin-top:0mm;text-indent:-11.35pt;"><font face=Symbol lang=EN style="font-size:11.0pt;line-height:13.5pt;">&#183;</font><font face="Times New Roman" lang=EN style="font-size:7.0pt;line-height:13.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:11.0pt;line-height:13.5pt;">UBS originated only a miniscule proportion of U.S. residential
mortgages between 2005 and 2007 (USD 1.5 billion of more than USD 5 trillion)
and did not originate any subprime loans. The vast majority of loans underlying
the 40 RMBS listed in the complaint were originated by other financial
institutions, many of which issued their own RMBS. UBS stopped issuing RMBS in
2007.</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=#222222 face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#222222 face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:10.5pt;">UBS
Fulfilled its Disclosure Obligations to Sophisticated RMBS Investors</font></b></p>

<p style="margin-bottom:0mm;margin-left:11.35pt;margin-right:0mm;margin-top:0mm;text-indent:-11.35pt;"><font face=Symbol lang=EN style="font-size:11.0pt;line-height:13.5pt;">&#183;</font><font face="Times New Roman" lang=EN style="font-size:7.0pt;line-height:13.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:11.0pt;line-height:13.5pt;">The RMBS cited in the complaint were purchased by some of the biggest
financial institutions in the world and other highly sophisticated investors
who had access to loan data from a range of sources. In&nbsp;its offering
documents, UBS repeatedly disclosed the risks of investing in the RMBS and made
clear that investors could lose money if home prices declined.</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=#222222 face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#222222 face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:10.5pt;">Any Penalty
Sought by the DOJ Would be Limited, at Most, to Losses to FIFIs</font></b></p>

<p style="margin-bottom:0mm;margin-left:11.35pt;margin-right:0mm;margin-top:0mm;text-indent:-11.35pt;"><font face=Symbol lang=EN style="font-size:11.0pt;line-height:13.5pt;">&#183;</font><font face="Times New Roman" lang=EN style="font-size:7.0pt;line-height:13.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:11.0pt;line-height:13.5pt;">Following the savings and loan crisis, Congress enacted FIRREA in 1989
to protect federally-insured financial institutions (&#8220;FIFI&#8221;) and their
depositors from insider abuse, and it was used for this purpose for two
decades. This law was never intended to cover all sales of securities to all
investors merely because a FIFI is among the investors or other parties
involved in the transaction, as the DOJ seeks to misapply it here. UBS believes
that FIRREA limits any claim against UBS to sales of the RMBS to FIFIs, who
purchased only a small fraction of the certificates sold by UBS. The current
losses on all certificates sold to FIFIs are lower than UBS&#8217;s own losses of
nearly USD 900m in these same RMBS.</font></p>





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<p style="border:none;margin-bottom:10.0pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;tab-stops:right 170.0mm;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:115%;">UBS Group AG, News Release, 9
November 2018</font><font style="mso-tab-count:1;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:115%;">Page
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<font style="height:40px;left:0px;margin-left:0px;margin-top:1px;mso-ignore:vglayout;position:absolute;width:110px;"><img height=40 src="x5844x0.jpg" v:shapes="ubs_logo" width=110><br><br></font><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:8.0pt;line-height:12.0pt;">Investor
Relations</font></font></p>

<p style="border:none;margin-bottom:0mm;margin-left:362.9pt;margin-right:0mm;margin-top:.15pt;mso-border-shadow:yes;mso-line-height-rule:exactly;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;tab-stops:68.05pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:8.0pt;line-height:11.5pt;">Tel. +41-44-234 41 00</font></font></p>

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<p style="border:none;margin-bottom:0mm;margin-left:362.9pt;margin-right:0mm;margin-top:.15pt;mso-border-shadow:yes;mso-line-height-rule:exactly;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;tab-stops:68.05pt;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-GB style="font-size:8.0pt;line-height:11.5pt;">Tel. +41-44-234 85 00</font></font></p>


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

<p style="margin:0mm;margin-bottom:.0001pt;"><b><font color=#222222 face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:10.5pt;">The Alleged
Misrepresentations Did Not Cause RMBS Investor Losses</font></b></p>

<p style="margin-bottom:0mm;margin-left:11.35pt;margin-right:0mm;margin-top:0mm;text-indent:-11.35pt;"><font face=Symbol lang=EN style="font-size:11.0pt;line-height:13.5pt;">&#183;</font><font face="Times New Roman" lang=EN style="font-size:7.0pt;line-height:13.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:11.0pt;line-height:13.5pt;">To obtain a FIRREA penalty based on investor losses, the DOJ must persuade
the court to accept not only that UBS (despite its own massive losses on U.S.
mortgage-related investments) engaged in intentional fraud but also that the
alleged misrepresentations caused losses to investors in these RMBS. This
theory flies in the face of the history of the housing crisis, which began with
an unprecedented and unexpectedly severe collapse in U.S. home prices,
triggering mortgage defaults and RMBS losses. The historic, market-wide
downturn is commonly understood to be the result of a range of factors that
created a housing bubble, including low interest rates and government policy.</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font color=#222222 face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin-left:0mm;margin-right:0mm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:10.5pt;">Links<br>
</font></b><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.5pt;text-decoration:none;">www.ubs.com/media&nbsp;</font></p>

<p style="margin-left:0mm;margin-right:0mm;"><font face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin-left:0mm;margin-right:0mm;"><b><font face="Frutiger 45 Light,sans-serif" lang=EN style="font-size:10.5pt;">UBS
Group AG and UBS AG</font></b></p>

<p style="margin-left:0mm;margin-right:0mm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.5pt;">Investor
contact<br>
Switzerland: +41-44-234-4100<br>
Americas: +1 212-882-5734</font></p>

<p style="margin-left:0mm;margin-right:0mm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.5pt;">Media
contact<br>
Switzerland: +41-44-234-8500<br>
Americas: +1-212-882-5858<br>
UK: +44-207-567-4714<br>
APAC: +852-297-1-8200</font></p>

<p style="margin-left:0mm;margin-right:0mm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.5pt;">&nbsp;</font></p>

<p style="margin-left:0mm;margin-right:0mm;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.5pt;"><br>
</font><font color=windowtext face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:10.5pt;text-decoration:none;">ubs.com&nbsp;</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">&#160;&nbsp;</font></p>
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<p style="border:none;margin-bottom:10.0pt;margin-left:0mm;margin-right:0mm;margin-top:0mm;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;tab-stops:right 170.0mm;"><font style="border:none;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:115%;">UBS Group AG, News Release, 9
November 2018</font><font style="mso-tab-count:1;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:115%;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></font><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:115%;">Page
</font><font style="display:none;mso-hide:all;"><font face="Frutiger 45 Light,sans-serif" lang=EN-US style="font-size:7.5pt;line-height:115%;"></font></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:7.5pt;line-height:115%;">2</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:7.5pt;line-height:115%;"></font></font></font></p>


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<font face="Times New Roman,serif" style="display:none;">
&nbsp;</font>



<p align=center style="margin:0mm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">SIGNATURES</font></b></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:6.0pt;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;layout-grid-mode:line;">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;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;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">By:
</font><u><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">_/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;layout-grid-mode:line;">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;layout-grid-mode:line;">Title:&#160;&#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;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;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=ES style="font-size:11.0pt;layout-grid-mode:char;">By: </font><u><font face="Times New Roman,serif" lang=ES-MX style="font-size:11.0pt;layout-grid-mode:char;">_/s/ Ella Campi
______________</font></u></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:234.0pt;"><font face="Times New Roman,serif" lang=ES style="font-size:11.0pt;layout-grid-mode:char;">Name:&#160; Ella Campi</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=ES style="font-size:11.0pt;layout-grid-mode:line;">&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">Title:&#160;&#160;&#160; Executive
Director</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;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;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;layout-grid-mode:line;">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;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;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">By:
</font><u><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">_/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;layout-grid-mode:line;">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;layout-grid-mode:line;">Title:&#160;&#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;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;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=ES style="font-size:11.0pt;layout-grid-mode:char;">By: </font><u><font face="Times New Roman,serif" lang=ES-MX style="font-size:11.0pt;layout-grid-mode:char;">_/s/ Ella Campi
______________</font></u></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:234.0pt;"><font face="Times New Roman,serif" lang=ES style="font-size:11.0pt;layout-grid-mode:char;">Name:&#160; Ella Campi</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;text-indent:216.0pt;"><font face="Times New Roman,serif" lang=ES style="font-size:11.0pt;layout-grid-mode:line;">&#160;&#160;&#160;&#160;&#160; </font><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">Title:&#160;&#160;&#160; Executive
Director</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;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;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;layout-grid-mode:line;">Date:
November 9, 2018</font></p>

<p style="margin:0mm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;layout-grid-mode:line;">&nbsp;</font></p>




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